Abstract:Purpose – The objective of this paper is to identify and analyze if there are differences in the determinants of the capital structure of companies listed in B3 (Brazil, Stock exchange, Over-The-Counter), with and without risk bankruptcy.Design/methodology/approach – We used the bankruptcy prediction index (Z2) of Altman, Baidya and Dias (1979) to separate companies with and without risk of bankruptcy, in addition to the multiple regression model estimated by OLS, in a sample consisting of 233 companies. The d… Show more
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