We analyze the relationship between innovation and firms' performance in Brazil using a comprehensive database that cross-references innovation information by PINTEC (Technological Innovation Research) of the IBGE (Brazilian Institute of Geography and Statistics) and financial information from...

We analyze the influence of time-, firm-, industry- and country-level determinants of capital structure. First, we apply hierarchical linear modeling in order to assess the relative importance of those levels. We find that time and firm levels explain 78% of firm leverage. Second, we include...

This paper examines the proposition that private equity funds (PEFs) improve the performance of their investee companies. The study was divided into two parts: (i) an analysis of the characteristics of the private equity investment cycle that impact on corporate performance and (ii) validation...