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The paper focuses on evaluating whether Brazilian listed firms have faced financial constraints. Relying on data over the period 2001-2005, a panel data analysis was carried out, but the evidence raised turned out differently from the initially expected: large firms are more sensitive to cash flows to undertake their investment than smaller ones. Nonetheless, the recent literature provides theoretical rationale to deal with those findings as well as empirical evidence consistent with them. Palavras-Chave Restricao ao credito; restricoes financeiras; imperfeicoes nos mercados financeiros; assimetria de informacoes

Restrição ao crédito para empresas com ações negociadas em bolsa no Brasil