A interferência do endividamento no crescimento de empresas de telecomunicações listadas na Bovespa

Abstract

The capital structure of companies is a topic that draws a lot of attention from researchers, even though they have several theories, a pattern of behavior has not been found in companies yet. Telecommunications companies are inserted in a scenario that needs to keep up with technological advances, so for them to grow, constant investment in research and development (R&D) is necessary. From this, it is necessary to understand the sources of these resources, which can be equity or third parties through debt. For this purpose, Brazilian telecommunications companies listed on Bovespa were analyzed. The present study uses descriptive statistics of dependent and independent variables and after correlation to understand the interference of indebtedness in the growth of these societies. The results found show a positive association between indebtedness and growth opportunities, profitability and liquidity indicators of the analyzed companies.