Information Asymmetry and Capital Structure Decisions

By José Oliveira Neto, Jaqueline Brocchi, Raphael Brocchi

This book seeks to analyse the relationship between information asymmetry and corporate investment decisions, specifically firms' debt levels. The research is descriptive and exploratory. Panel data is used to combine cross-sectional and time-series analysis. The sampling procedure is convenience-based, selecting all firms that had sufficient data for the study in the Econom tica database and were listed on the BM&FBOVESPA. The sample comprises 81 firms with quarterly observations for the time series, except for beta, which has annual observations, covering the period from 2008 to 2013. The results suggest that there is a relationship between information asymmetry and corporate capital structure decisions, with firms that have higher levels of transparency also having lower levels of indebtedness.

• Format: Paperback
• Language: English
• ISBN: 6209846513
• ISBN13: 9786209846519
• Release Date: April 2026
• Publisher: Our Knowledge Publishing
• Length: 56 Pages
• Weight: 0.19 lbs.
• Dimensions: 0.1" x 6.0" x 9.0"