Repositório Coleção:http://hdl.handle.net/10071/164952026-04-04T10:43:54Z2026-04-04T10:43:54ZRebound effect of allowance for corporate equity on debt biasPortal, M. T.Laureano, L.http://hdl.handle.net/10071/168342018-12-06T02:15:47Z2015-01-01T00:00:00ZTítulo próprio: Rebound effect of allowance for corporate equity on debt bias
Autoria: Portal, M. T.; Laureano, L.
Resumo: We analyse if the Brazilian Allowance for Corporate Equity (ACE-type system) reduces the debt tax bias. Specifically, we study if the continuous treatment effect of interest on equity negatively affects the level of financial leverage. We find that the tax policy implemented is similar to the deductible cash dividends and not to an ACE. The empirical implication is that the interest on equity treatment increases the debt tax bias, producing a rebound effect to what is expected for this policy on the risk-taking behaviour and corporate capital structure. This rebound effect is homogeneous in firms with different financial constraints status. There are evidences that shareholders influence the cash distribution policy, adjusting the later to their own tax preferences.2015-01-01T00:00:00ZGatekeeping African studies: what does “editormetrics” indicate about journal governance?Ferreira, M. E.Mendonça, S.Pereira, J.http://hdl.handle.net/10071/165182018-08-03T01:23:56Z2018-01-01T00:00:00ZTítulo próprio: Gatekeeping African studies: what does “editormetrics” indicate about journal governance?
Autoria: Ferreira, M. E.; Mendonça, S.; Pereira, J.
Resumo: This paper probes the internal governance of research journals by focusing on the editorial boards of leading African studies academic journals. We submit editorships to systematic scrutiny through a number of perspectives: geography, gender, institutional affiliation, research performance, entry/exit, etc. Overall, leading journals in the area of African studies are found to be less inclusive than expected: under a quarter of the editors are Africa-based scholars while women are even scarcer. Observations on editorial inflation, interlocking editorships and differentiated journal positioning are also made possible by taking a quantitative approach to editorial evidence. What we refer as “Editormetrics” thus suggests the need for further debate regarding the managerial rules and roles of journals. This perspective may, and perhaps should, inform other evidence-based appraisals of the journal “industry” and the research scene at large.2018-01-01T00:00:00ZModeling insurgent-incumbent dynamics: vector autoregressions, multivariate Markov chains, and the nature of technological competitionDamásio, B.Mendonça, S.http://hdl.handle.net/10071/164962018-07-28T03:28:37Z2018-01-01T00:00:00ZTítulo próprio: Modeling insurgent-incumbent dynamics: vector autoregressions, multivariate Markov chains, and the nature of technological competition
Autoria: Damásio, B.; Mendonça, S.
Resumo: The struggle between sail and steam is a long-standing theme in economic history. But this technological competition story has only partly tackled, since most studies have appreciated the rivalry between the two alternative modes of commercial sea carriage in the late 19th century while the early period has remained relatively under-analysed. This paper models the early dynamics between the two capital goods using a vector autoregression approach (VAR) and a Multivariate Markov Chain approach (MMC). We find evidence that the relationship was nonlinear, with a strong indication of complementarities and cross-technology learning effects.2018-01-01T00:00:00Z