{"id":"https://openalex.org/W3124670352","doi":"https://doi.org/10.1590/s1519-70772014000100005","title":"Estrutura de capital, liquidez de caixa e valor da empresa: estudo de empresas brasileiras cotadas em bolsa","display_name":"Estrutura de capital, liquidez de caixa e valor da empresa: estudo de empresas brasileiras cotadas em bolsa","publication_year":2014,"publication_date":"2014-04-01","ids":{"openalex":"https://openalex.org/W3124670352","doi":"https://doi.org/10.1590/s1519-70772014000100005","mag":"3124670352"},"language":"pt","primary_location":{"id":"doi:10.1590/s1519-70772014000100005","doi":"https://doi.org/10.1590/s1519-70772014000100005","is_oa":true,"landing_page_url":"https://doi.org/10.1590/s1519-70772014000100005","pdf_url":"https://www.scielo.br/j/rcf/a/CNFdCKGxgJrxSnKf6h74SFs/?lang=pt&format=pdf","source":{"id":"https://openalex.org/S2736592181","display_name":"Revista Contabilidade & Finan\u00e7as","issn_l":"1519-7077","issn":["1519-7077","1808-057X"],"is_oa":true,"is_in_doaj":true,"is_core":false,"listed_in":["abdc-c","doaj","poland-20","russia-white-list-3","scielo","vabb-shw"],"host_organization":"https://openalex.org/P4310312331","host_organization_name":"University of S\u00e3o Paulo","host_organization_lineage":["https://openalex.org/P4310312331"],"host_organization_lineage_names":["University of S\u00e3o Paulo"],"type":"journal"},"license":"cc-by-nc","license_id":"https://openalex.org/licenses/cc-by-nc","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Revista Contabilidade &amp; Finan\u00e7as","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref","doaj"],"open_access":{"is_oa":true,"oa_status":"diamond","oa_url":"https://www.scielo.br/j/rcf/a/CNFdCKGxgJrxSnKf6h74SFs/?lang=pt&format=pdf","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5039147473","display_name":"Tiago Loncan","orcid":"https://orcid.org/0000-0002-2713-4055","observed_orcids":["https://orcid.org/0000-0002-2713-4055"]},"institutions":[{"id":"https://openalex.org/I130442723","display_name":"Universidade Federal do Rio Grande do Sul","ror":"https://ror.org/041yk2d64","country_code":"BR","type":"education","lineage":["https://openalex.org/I130442723"]},{"id":"https://openalex.org/I9360294","display_name":"University of Bologna","ror":"https://ror.org/01111rn36","country_code":"IT","type":"education","lineage":["https://openalex.org/I9360294"]}],"countries":["BR","IT"],"is_corresponding":false,"raw_author_name":"Tiago Rodrigues Loncan","raw_affiliation_strings":["Universidade de Bologna","Business Management, Federal University of Rio Grande do Sul, Student, Laurea Magistrale in Economics, University of Bologna"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Universidade de Bologna","institution_ids":["https://openalex.org/I9360294"]},{"raw_affiliation_string":"Business Management, Federal University of Rio Grande do Sul, Student, Laurea Magistrale in Economics, University of Bologna","institution_ids":["https://openalex.org/I130442723","https://openalex.org/I9360294"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5081267549","display_name":"Jo\u00e3o F. Caldeira","orcid":"https://orcid.org/0000-0002-0723-0461","observed_orcids":["https://orcid.org/0000-0002-0723-0461"]},"institutions":[{"id":"https://openalex.org/I130442723","display_name":"Universidade Federal do Rio Grande do Sul","ror":"https://ror.org/041yk2d64","country_code":"BR","type":"education","lineage":["https://openalex.org/I130442723"]}],"countries":["BR"],"is_corresponding":false,"raw_author_name":"Jo\u00e3o Frois Caldeira","raw_affiliation_strings":["Universidade Federal do Rio Grande do Sul","Department of Economics and Graduate School of Management. Postgraduate Program in Management, Federal University of Rio Grande do Sul"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Universidade Federal do Rio Grande do Sul","institution_ids":["https://openalex.org/I130442723"]},{"raw_affiliation_string":"Department of Economics and Graduate School of Management. Postgraduate Program in Management, Federal University of Rio Grande do Sul","institution_ids":["https://openalex.org/I130442723"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":2,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":14.167,"has_fulltext":true,"cited_by_count":45,"citation_normalized_percentile":{"value":0.9850363,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":99},"biblio":{"volume":"25","issue":"64","first_page":"46","last_page":"59"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9047999978065491,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9047999978065491,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12544","display_name":"Working Capital and Financial Performance","score":0.057100001722574234,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12123","display_name":"Financial Analysis and Corporate Governance","score":0.020400000736117363,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/capital-structure","display_name":"capital structure","score":0.9959999918937683},{"id":"https://openalex.org/keywords/cash-liquidity","display_name":"cash liquidity","score":0.8809999823570251},{"id":"https://openalex.org/keywords/firm-value","display_name":"firm value","score":0.9459999799728394},{"id":"https://openalex.org/keywords/debt-to-capital-ratio","display_name":"debt to capital ratio","score":0.5899999737739563},{"id":"https://openalex.org/keywords/short-term-debt","display_name":"short-term debt","score":0.656000018119812},{"id":"https://openalex.org/keywords/long-term-debt","display_name":"long-term debt","score":0.9879999756813049},{"id":"https://openalex.org/keywords/financial-constraints","display_name":"financial constraints","score":0.9399999976158142},{"id":"https://openalex.org/keywords/trade-off-theory","display_name":"trade-off theory","score":0.8149999976158142},{"id":"https://openalex.org/keywords/risk-aversion","display_name":"risk aversion","score":0.6819999814033508},{"id":"https://openalex.org/keywords/brazilian-listed-firms","display_name":"Brazilian listed companies","score":0.7850000262260437}],"concepts":[{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.6106534600257874},{"id":"https://openalex.org/C83646750","wikidata":"https://www.wikidata.org/wiki/Q193893","display_name":"Capital (architecture)","level":2,"score":0.4450311064720154},{"id":"https://openalex.org/C549774020","wikidata":"https://www.wikidata.org/wiki/Q851147","display_name":"Welfare economics","level":1,"score":0.4295039176940918},{"id":"https://openalex.org/C136264566","wikidata":"https://www.wikidata.org/wiki/Q159810","display_name":"Economy","level":1,"score":0.4046891927719116},{"id":"https://openalex.org/C95457728","wikidata":"https://www.wikidata.org/wiki/Q309","display_name":"History","level":0,"score":0.0},{"id":"https://openalex.org/C166957645","wikidata":"https://www.wikidata.org/wiki/Q23498","display_name":"Archaeology","level":1,"score":0.0}],"mesh":[],"locations_count":8,"locations":[{"id":"doi:10.1590/s1519-70772014000100005","doi":"https://doi.org/10.1590/s1519-70772014000100005","is_oa":true,"landing_page_url":"https://doi.org/10.1590/s1519-70772014000100005","pdf_url":"https://www.scielo.br/j/rcf/a/CNFdCKGxgJrxSnKf6h74SFs/?lang=pt&format=pdf","source":{"id":"https://openalex.org/S2736592181","display_name":"Revista Contabilidade & Finan\u00e7as","issn_l":"1519-7077","issn":["1519-7077","1808-057X"],"is_oa":true,"is_in_doaj":true,"is_core":false,"listed_in":["abdc-c","doaj","poland-20","russia-white-list-3","scielo","vabb-shw"],"host_organization":"https://openalex.org/P4310312331","host_organization_name":"University of S\u00e3o Paulo","host_organization_lineage":["https://openalex.org/P4310312331"],"host_organization_lineage_names":["University of S\u00e3o Paulo"],"type":"journal"},"license":"cc-by-nc","license_id":"https://openalex.org/licenses/cc-by-nc","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Revista Contabilidade &amp; Finan\u00e7as","raw_type":"journal-article"},{"id":"pmh:oai:scielo:S1519-70772014000100005","doi":null,"is_oa":true,"landing_page_url":"http://old.scielo.br/scielo.php?script=sci_arttext&amp;pid=S1519-70772014000100005","pdf_url":null,"source":{"id":"https://openalex.org/S4306402641","display_name":"LA Referencia (Red Federada de Repositorios Institucionales de Publicaciones Cient\u00edficas)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I4383465926","host_organization_name":"LA Referencia","host_organization_lineage":["https://openalex.org/I4383465926"],"host_organization_lineage_names":[],"type":"repository"},"license":"other-oa","license_id":"https://openalex.org/licenses/other-oa","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Revista Contabilidade &amp;amp; Finan\u00e7as v.25 n.64 2014","raw_type":"info:eu-repo/semantics/article"},{"id":"pmh:oai:americanae.aecid.es:1890269","doi":null,"is_oa":false,"landing_page_url":"http://americanae.aecid.es/americanae/es/registros/registro.do?tipoRegistro=MTD&idBib=1890269","pdf_url":null,"source":{"id":"https://openalex.org/S4306400786","display_name":"Americanae (AECID Library)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Revista Contabilidade &amp; Finan\u00e7as; v. 25 n. 64 (2014); 46-59","raw_type":"info:eu-repo/semantics/article"},{"id":"pmh:oai:americanae.aecid.es:2348106","doi":null,"is_oa":true,"landing_page_url":"http://americanae.aecid.es/americanae/es/registros/registro.do?tipoRegistro=MTD&idBib=2348106","pdf_url":null,"source":{"id":"https://openalex.org/S4306400786","display_name":"Americanae (AECID Library)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":"other-oa","license_id":"https://openalex.org/licenses/other-oa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Revista Contabilidade &amp;amp; Finan\u00e7as v.25 n.64 2014","raw_type":"info:eu-repo/semantics/article"},{"id":"pmh:oai:doaj.org/article:e14d556877124bafbda760414071f520","doi":null,"is_oa":true,"landing_page_url":"https://doaj.org/article/e14d556877124bafbda760414071f520","pdf_url":null,"source":{"id":"https://openalex.org/S4306401280","display_name":"DOAJ (DOAJ: Directory of Open Access Journals)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by-sa","license_id":"https://openalex.org/licenses/cc-by-sa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Revista Contabilidade & Finan\u00e7as, Vol 25, Iss 64, Pp 46-59 (2014)","raw_type":"article"},{"id":"pmh:oai:doaj.org/article:ee56b3ab3dde4139a821821be911ed30","doi":null,"is_oa":true,"landing_page_url":"https://doaj.org/article/ee56b3ab3dde4139a821821be911ed30","pdf_url":null,"source":{"id":"https://openalex.org/S4306401280","display_name":"DOAJ (DOAJ: Directory of Open Access Journals)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by-sa","license_id":"https://openalex.org/licenses/cc-by-sa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Revista Contabilidade & Finan\u00e7as, Vol 25, Iss 64, Pp 46-59 (2014)","raw_type":"article"},{"id":"pmh:oai:redalyc.org:257130668005","doi":null,"is_oa":false,"landing_page_url":"https://www.redalyc.org/articulo.oa?id=257130668005","pdf_url":null,"source":{"id":"https://openalex.org/S4377196100","display_name":"Redalyc (Universidad Aut\u00f3noma del Estado de M\u00e9xico)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I179647637","host_organization_name":"Universidad Aut\u00f3noma del Estado de M\u00e9xico","host_organization_lineage":["https://openalex.org/I179647637"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Revista Contabilidade &amp; Finan\u00e7as - USP (Brasil) Num.64 Vol.25","raw_type":"art\u00edculo cient\u00edfico"},{"id":"pmh:oai:revistas.usp.br:article/80749","doi":null,"is_oa":true,"landing_page_url":"http://www.revistas.usp.br/rcf/article/view/80749","pdf_url":null,"source":{"id":"https://openalex.org/S4306402641","display_name":"LA Referencia (Red Federada de Repositorios Institucionales de Publicaciones Cient\u00edficas)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I4383465926","host_organization_name":"LA Referencia","host_organization_lineage":["https://openalex.org/I4383465926"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"instacron:USP","raw_type":"info:eu-repo/semantics/article"}],"best_oa_location":{"id":"doi:10.1590/s1519-70772014000100005","doi":"https://doi.org/10.1590/s1519-70772014000100005","is_oa":true,"landing_page_url":"https://doi.org/10.1590/s1519-70772014000100005","pdf_url":"https://www.scielo.br/j/rcf/a/CNFdCKGxgJrxSnKf6h74SFs/?lang=pt&format=pdf","source":{"id":"https://openalex.org/S2736592181","display_name":"Revista Contabilidade & Finan\u00e7as","issn_l":"1519-7077","issn":["1519-7077","1808-057X"],"is_oa":true,"is_in_doaj":true,"is_core":false,"listed_in":["abdc-c","doaj","poland-20","russia-white-list-3","scielo","vabb-shw"],"host_organization":"https://openalex.org/P4310312331","host_organization_name":"University of S\u00e3o Paulo","host_organization_lineage":["https://openalex.org/P4310312331"],"host_organization_lineage_names":["University of S\u00e3o Paulo"],"type":"journal"},"license":"cc-by-nc","license_id":"https://openalex.org/licenses/cc-by-nc","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Revista Contabilidade &amp; Finan\u00e7as","raw_type":"journal-article"},"sustainable_development_goals":[{"display_name":"Decent work and economic growth","score":0.4000000059604645,"id":"https://metadata.un.org/sdg/8"}],"sustainable_development_goals_aurora":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":true,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W3124670352.pdf","grobid_xml":"https://content.openalex.org/works/W3124670352.grobid-xml"},"referenced_works_count":60,"referenced_works":["https://openalex.org/W1496286215","https://openalex.org/W1536256355","https://openalex.org/W1552003787","https://openalex.org/W1714414952","https://openalex.org/W1767639235","https://openalex.org/W1840218356","https://openalex.org/W1874788850","https://openalex.org/W1999943008","https://openalex.org/W2014033366","https://openalex.org/W2025655973","https://openalex.org/W2039248778","https://openalex.org/W2044182565","https://openalex.org/W2075756660","https://openalex.org/W2078250342","https://openalex.org/W2081113003","https://openalex.org/W2084310832","https://openalex.org/W2091596451","https://openalex.org/W2104300044","https://openalex.org/W2115846503","https://openalex.org/W2122529435","https://openalex.org/W2123030609","https://openalex.org/W2124597406","https://openalex.org/W2125024433","https://openalex.org/W2126924836","https://openalex.org/W2135431438","https://openalex.org/W2140037540","https://openalex.org/W2140041112","https://openalex.org/W2140358882","https://openalex.org/W2146278264","https://openalex.org/W2146880834","https://openalex.org/W2152785329","https://openalex.org/W2160860931","https://openalex.org/W2162225546","https://openalex.org/W2167299874","https://openalex.org/W2167351159","https://openalex.org/W2170790204","https://openalex.org/W2172108895","https://openalex.org/W2800794991","https://openalex.org/W2889615898","https://openalex.org/W3121131820","https://openalex.org/W3121401171","https://openalex.org/W3121408182","https://openalex.org/W3121720731","https://openalex.org/W3122124451","https://openalex.org/W3122420217","https://openalex.org/W3122647754","https://openalex.org/W3122956016","https://openalex.org/W3123027734","https://openalex.org/W3123361228","https://openalex.org/W3123426106","https://openalex.org/W3123722965","https://openalex.org/W3123732362","https://openalex.org/W3124012175","https://openalex.org/W3124114405","https://openalex.org/W3124620510","https://openalex.org/W3125353045","https://openalex.org/W3125649736","https://openalex.org/W3125708217","https://openalex.org/W3209912132","https://openalex.org/W6678577873"],"related_works":["https://openalex.org/W7120579978","https://openalex.org/W4295278871","https://openalex.org/W2942648701","https://openalex.org/W2749457944","https://openalex.org/W6981030666","https://openalex.org/W7075688407","https://openalex.org/W2782421837","https://openalex.org/W1618744932","https://openalex.org/W2342679897","https://openalex.org/W2801039463"],"abstract_inverted_index":{"Neste":[0],"estudo":[1,95,133],"analisa-se":[2],"a":[3,44,83,88,109,212,230,249],"rela\u00e7\u00e3o":[4,150,237],"entre":[5,43,61,78,100,117],"estrutura":[6,45,84,154],"de":[7,10,19,27,29,36,46,54,63,67,85,90,103,111,120,122,127,137,155,160,173,180,195,214,232,240,254],"capital,":[8],"liquidez":[9,53,62,89,110,121,159,213,239,253],"caixa":[11,55,64,123,161,215,241],"e":[12,52,59,65,69,87,105,108,113,124,157,175,184],"valor":[13,80,163,179],"da":[14,81,153,158,164],"empresa":[15],"para":[16,188],"uma":[17,97,115],"amostra":[18],"empresas":[20,140],"brasileirascotadas":[21],"em":[22,31,147,243,246],"bolsa":[23],"mediante":[24],"o":[25,34,79,118,132,185,193],"uso":[26],"regress\u00f5es":[28,42],"dados":[30],"painel,":[32],"empregando":[33],"estimador":[35],"efeitos":[37,168],"fixos.":[38],"Inicialmente":[39],"foram":[40,166],"estimadas":[41],"capital":[47,50,86,156],"(d\u00edvida":[48],"sobre":[49,57],"total)":[51],"(caixa":[56],"ativos),":[58],"tamb\u00e9m":[60,114],"d\u00edvida":[66],"curto":[68,104,174],"longo":[70,106,176],"prazo.":[71],"A":[72],"seguir,":[73],"foi":[74],"aplicado":[75],"um":[76,125,224],"modelo":[77],"empresa,":[82,165],"caixa.":[91,148,255],"Os":[92],"resultados":[93],"deste":[94,228],"sugerem":[96],"associa\u00e7\u00e3o":[98,116],"negativa":[99],"as":[101,139,189],"d\u00edvidas":[102,172],"prazo":[107,177],"caixa,":[112],"n\u00edvel":[119],"grau":[126],"alavancagem":[128],"inferior.":[129],"Al\u00e9m":[130,227],"disso,":[131],"apresentou":[134],"evid\u00eancias":[135],"indiretas":[136],"que":[138,204],"com":[141,236,248],"restri\u00e7\u00f5es":[142,190],"financeiras":[143],"mant\u00eam":[144],"mais":[145],"recursos":[146],"Com":[149],"ao":[151,197],"impacto":[152],"no":[162,178,203],"encontrados":[167],"marginais":[169],"negativos":[170],"das":[171,182],"mercado":[181,233],"empresas,":[183],"mesmo":[186],"vale":[187],"financeiras,":[191],"sugerindo":[192],"comportamento":[194],"avers\u00e3o":[196],"risco":[198],"por":[199],"parte":[200],"dos":[201],"investidores":[202],"diz":[205],"respeito":[206],"\u00e0":[207,238],"d\u00edvida.":[208],"Por":[209],"outro":[210],"lado,":[211],"\u00e9":[216,234],"valorizada":[217],"como":[218],"positiva":[219],"pelos":[220],"investidores,":[221],"mas":[222],"at\u00e9":[223],"patamar":[225],"\u00f3timo.":[226],"patamar,":[229],"capitaliza\u00e7\u00e3o":[231],"descontada":[235],"(curva":[242],"U":[244],"invertida),":[245],"sinergia":[247],"static":[250],"trade-off":[251],"theoryda":[252]},"counts_by_year":[{"year":2026,"cited_by_count":3},{"year":2025,"cited_by_count":5},{"year":2023,"cited_by_count":2},{"year":2022,"cited_by_count":4},{"year":2021,"cited_by_count":7},{"year":2020,"cited_by_count":7},{"year":2019,"cited_by_count":2},{"year":2018,"cited_by_count":5},{"year":2017,"cited_by_count":2},{"year":2016,"cited_by_count":5},{"year":2015,"cited_by_count":2},{"year":2014,"cited_by_count":1}],"updated_date":"2026-10-14T16:39:01.820549","created_date":"2021-02-01T00:00:00"}
