Abstract:The discussions about companies' debts have been pertinent to researches for decades, but it is still a puzzle issue. The mainly aspect this issue is how managers chooses funding sources. In this sense, the purpose of this study is analyzing the chances of occurring companies within the discretionary limit in relation to their capital structure. This research was conducts by logistic regressions with a sample of 706 energy sector firms from 37 countries around the world, with financial data from the period 201… Show more
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