Determinants of Indebtedness in the Brazilian Telecommunications Sector

The aim of this study was to analyse the determinants of the indebtedness of companies in the Brazilian telecommunications sector in the light of the Static Trade-Off Theory (STT) and the Pecking Order Theory (POT). The methodology used was multiple regression analysis with panel data for the period from 2002 to 2013, using short-term debt and long-term debt as dependent variables, and profitability, tangibility, growth, size and risk as independent variables. The results showed a negative relationship between the profitability, size and risk variables for short-term debt, and a negative relationship between size and risk for long-term debt.

Autorentext

Rodrigo Vicente dos Prazeres uköczy studia z zakresu rachunkowöci na Katolickim Uniwersytecie Pernambuco (2009) oraz studia magisterskie z zakresu rachunkowöci na Federalnym Uniwersytecie Pernambuco (2014). Obecnie studiuje doktorat z nauk o rachunkowöci na UFPE i jest zast pc wyk adowcy na wydziale hotelarstwa i turystyki w tej samej instytucji.