This paper revisits Modern Portfolio Theory and derives eleven properties of Efficient Allocations and Portfolios in the presence of leverage. With different degrees of leverage, an Efficient Portfolio is a linear combination ...

This paper aims to study the relationship between the debt level and the asset structure of Brazilian companies of the agribusiness sector, since it is considered a current and relevant discussion: to evaluate the mechanisms ...

This paper tests whether financial leverage fluctuates in a way which is consistent with the existence of a target leverage or, on the contrary, it freely fluctuates with the observed changes on stock returns. Using a ...

Eu documento um efeito positivo em ambos, portfólios com variações positivas e negativas, no rácio de dívida e os retornos das acções para empresas no mercado emergente do Brasil durante o período de 2000 e 2016. Eu encontrei ...

Diagnostic methods have been an important tool in regression analysis to detect anomalies, such as departures from error assumptions and the presence of outliers and influential observations with the fitted models. Assuming ...

Recent efforts to develop Discursive Institutionalism’s (DI) analytical toolkit have produced use - ful, well-organized instruments that help researchers decode challenging empirical puzzles and synthesize vast amounts of ...

This dissertation investigates the interconnectedness of the labor market environment and firms’ financial policies. The recent theoretical and empirical literature shows that as a fundamental factor of production labor ...