This report evaluates and compares the evolution and the determinants of the capital structure of Brazilian firms, with a particular emphasis on external financing. One of its main conclusions is that country factors are nearly as important as firm level factors. Industry factors are not very...

This report evaluates and compares the evolution and the determinants of the capital structure of Brazilian firms, with a particular emphasis on external financing. One of its main conclusions is that country factors are nearly as important as firm level factors. Industry factors are not very...

This paper suggests a special insurance agency for the financing of innovative investments. The objective of this agency is to establish a link between the banking system and the innovation system. Supporting an increase in the amount of private resources allocated to the financing of innovative...

This paper analyses Brazilian innovation polices, focusing on the access of subsidiaries and national enterprises to selected public innovation instruments: subvention, credit and Law 11.196/05. It presents theoretical aspects of government incentives to innovation; international experiences;...