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Purpose: The general objective is to analyze the behavior of economic and financial indicators of Information Technology (IT) companies in times of the COVID-19 Pandemic. Methodology: To analyze the behavior of indicators in an environment of uncertainty, data from the quarters from 2018 to 2021 were considered, relating to the profitability, liquidity and indebtedness of IT companies listed on B3. To identify whether there were statistically significant differences in the means of the indicators, the non-parametric Mann-Whitney test was used. Results: The indicators showed that with the Pandemic, companies had an increase in their financial capacity to pay in the short and long term, and it signaled that companies retained cash to have a better operational performance. As for the analysis of the behavior of the companies that carried out the IPO (Initial Public Offering), it was verified that there were statistically significant favorable differences in the averages of the indicators of the companies that issued the initial public offering, with emphasis on the ability to pay their obligations, as well as it was identified that companies that have entered the stock market obtain higher returns on equity, which may also signal the possibility of earnings management. Contributions of the Study: This study offers practical contributions, exploring an emerging theme of interest to companies and citizens. The behavior of the economic and financial indicators of IT companies is identified, including those that launched IPOs during the period of the COVID-19 Pandemic. In addition, it explores the gap about the economic and financial situation of IT companies that launched IPOs in the context of the Pandemic. [ABSTRACT FROM AUTHOR]

Purpose: The research intends to verify the relationship between meeting the requirements for joining and staying at PROFUT and the economic and financial situation of Brazilian football clubs listed in the Ranking Nacional de Clubes (RNC). Methodology: The study was operationalized by the deductive method, taking an empirical approach, using the analysis of individuals, facts and consequences researched. As for the procedures adopted, the research is classified as a bibliographic and documentary review and a quantitative approach. The matter was addressed through the application of an investigation of the points of the legislation, through a checklist, and the presentation of economic and financial indicators: indebtedness, current liquidity, tangibility, size and return of net worth. Results: Given the investigation carried out, it was noticed that, even with the current requirements of the legislation and criteria of enforceability for participation in PROFUT, adherence to the program does not guarantee a better economic and financial situation, mainly related to the factors inherent to the capital structure. Contributions of the Study: The paper contributes in a theoretical way in the production of a contextualized analysis of the main existing researches and shows new explanations of the studied fact based on different perspectives. With regard to the practical contribution, based on the main findings found, and seeking to relate the level of commitment of the analyzed clubs, which adhered to PROFUT, with the management of their capital structure, it was noticed the absence of a direct relationship between adherence to this type of financing and the management of the sources of capital obtained. [ABSTRACT FROM AUTHOR]

Purpose: The research intends to verify the relationship between meeting the requirements for joining and staying at PROFUT and the economic and financial situation of Brazilian football clubs listed in the National Club Ranking (RNC). Methodology: The study was operationalized by the deductive method, taking an empirical approach, using the analysis of individuals, facts and consequences researched. As for the procedures adopted, the research is classified as a bibliographic and documentary review and a quantitative approach. The matter was addressed through the application of an investigation of the points of the legislation, through a checklist, and the presentation of economic and financial indicators: indebtedness, current liquidity, tangibility, size and return on equity. Results: Given the investigation carried out, it was noticed that, even with the current requirements of the legislation and criteria of enforceability for participation in PROFUT, adherence to the program does not guarantee a better economic and financial situation, mainly related to the factors inherent to the capital structure. Contributions of the Study: The work contributes in a theoretical way in the production of a contextualized analysis of the main existing researches and shows new explanations of the studied fact based on different perspectives. With regard to the practical contribution, based on the main findings found, and seeking to relate the level of commitment of the analyzed clubs, which adhered to PROFUT, with the management of their capital structure, it was noticed the absence of a direct relationship between adherence to this type of financing and the management of the sources of capital obtained. [ABSTRACT FROM AUTHOR]

Purpose: The present paper aims to analyses the determinants of capital structure of ninety-four organizations from the five hundred largest Brazilian companies according to 2018 Exame magazine yearbook. Methodology: For this research we used information from financial statements of the five hundred largest Brazilian companies. Data inference was made through descriptive statistical analysis and quantile regression analysis. The data was obtained through the companies’ websites and through economática software. The descriptive and econometric analysis were performed using Stata 12 software. Results: The results indicate that the variables such as size and structure of the assets are significant in some quantiles to determine how companies adopt a particular capital structure. In addition, the results indicate the relationship between firm size and total debt level is positive for 25th quantile of the sample. Another point to note is that the asset structure variable has a positive relationship with the long-term debt variable for the 75th and 95th quantiles. Contributions of the study: This research is an important contribution for finance literature considering that the quantile regression method was used. The scarcity of research using this method is notorious. Moreover, the results obtained in other works on the subject are not yet convergent about the relevant variables to determine the capital structure.

Purpose: The present paper aims to analyses the determinants of capital structure of ninetyfour organizations from the five hundred largest Brazilian companies according to 2018 Exame magazine yearbook. Methodology: For this research we used information from financial statements of the five hundred largest Brazilian companies. Data inference was made through descriptive statistical analysis and quantile regression analysis. The data was obtained through the companies' websites and through economática software. The descriptive and econometric analysis were performed using Stata 12 software. Results: The results indicate that the variables such as size and structure of the assets are significant in some quantiles to determine how companies adopt a particular capital structure. In addition, the results indicate the relationship between firm size and total debt level is positive for 25th quantile of the sample. Another point to note is that the asset structure variable has a positive relationship with the long-term debt variable for the 75th and 95th quantiles. Contributions of the study: This research is an important contribution for finance literature considering that the quantile regression method was used. The scarcity of research using this method is notorious. Moreover, the results obtained in other works on the subject are not yet convergent about the relevant variables to determine the capital structure. [ABSTRACT FROM AUTHOR]

Purpose: The present paper aims to analyses the determinants of capital structure of ninetyfour organizations from the five hundred largest Brazilian companies according to 2018 Exame magazine yearbook. Methodology: We used in this research information from financial statements of the largest Brazilian companies. The data were obtained from the financial information for the 2017 financial year of 94 companies, among the 500 largest companies according to the 2018 Exame magazine yearbook. Data inference was made through descriptive statistical analysis and through quantile regression analysis. The data was obtained directly from the companies' websites and through economática software. The descriptive and econometric analysis were performed using stata 12 software. Results: The results indicate that the variables such as size and the assets structure are significant in some quantiles to determine how companies adopt a particular capital structure. In addition, the results indicate that the relationship between firm size and total debt level is positive for 25th quantile of the sample. Another point to note is that the asset structure variable has a positive relationship with the long-term debt variable for the 75th and 95th quantiles. Contributions of the Study: This research is an important contribution for finance literature considering that the quantile regression method was used. The scarcity of research applying this method is notorious. Moreover, the results obtained in other papers on the subject are not yet convergent about the relevant variables to determine the capital structure. [ABSTRACT FROM AUTHOR]

This study aims to empirically verify the determinants of the capital structure of Brazilian publicly traded companies on the BM&FBosvepa during 2010-2017. The factors considered in the analysis are those proposed in the main theories about capital structure: profitability, risk, size, tangibility and growth opportunities. Subsidiarily to these factors, a set of sectoral dummies was included in order to highlight any specific characteristic of a given economic sector. It was used the statistical method of panel data and models with fixed effects and with variable effects. The sample is composed of 186 companies, divided into 19 economic sectors. The statistical tests evidenced the non-significance of the sectors when pointing to the estimation of a model with fixed effects. The results indicate that profitability, risk and growth opportunities induce lower indebtedness, that company size induces greater indebtedness and that tangibility had no influence on the level of indebtedness of the companies of the sample in the studied period. In spite of their theoretical justification, the results obtained together do not confirm a specific theory about the capital structure of public companies. [ABSTRACT FROM AUTHOR]