The financial leverage of large Portuguese firms in the European context
Autor(a) principal: | |
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Data de Publicação: | 2016 |
Tipo de documento: | Dissertação |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10362/16793 |
Resumo: | The Financial Leverage of Large Portuguese Firms in the European Context This paper studies the leverage, cost of debt servicing ability and structure of debt maturity of large Portuguese firms, over the pre-crisis (2006-2009) and post-crisis (2010-2013) periods through a comparative analysis with other European peers. We document that large Portuguese firms have been reducing their leverage since the end of 2009. We find that this decrease in leverage is not a consequence higher Equity levels but rather a result of asset’s downsizing. We also document that Portuguese firms are still more leveraged than their European peers, even though this difference has decreased over time. High corporate debt levels are transversal across industries. |
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The financial leverage of large Portuguese firms in the European contextLeverageCapital structureLarge firmsEurozoneDomínio/Área Científica::Ciências Sociais::Economia e GestãoThe Financial Leverage of Large Portuguese Firms in the European Context This paper studies the leverage, cost of debt servicing ability and structure of debt maturity of large Portuguese firms, over the pre-crisis (2006-2009) and post-crisis (2010-2013) periods through a comparative analysis with other European peers. We document that large Portuguese firms have been reducing their leverage since the end of 2009. We find that this decrease in leverage is not a consequence higher Equity levels but rather a result of asset’s downsizing. We also document that Portuguese firms are still more leveraged than their European peers, even though this difference has decreased over time. High corporate debt levels are transversal across industries.Custodio, ClaudiaTrabucho, PedroRUNLimão, Francisco Ferreira2016-03-15T15:09:29Z2016-012016-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10362/16793TID:201988135enginfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-03-11T03:54:00Zoai:run.unl.pt:10362/16793Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:23:31.145898Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
The financial leverage of large Portuguese firms in the European context |
title |
The financial leverage of large Portuguese firms in the European context |
spellingShingle |
The financial leverage of large Portuguese firms in the European context Limão, Francisco Ferreira Leverage Capital structure Large firms Eurozone Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
title_short |
The financial leverage of large Portuguese firms in the European context |
title_full |
The financial leverage of large Portuguese firms in the European context |
title_fullStr |
The financial leverage of large Portuguese firms in the European context |
title_full_unstemmed |
The financial leverage of large Portuguese firms in the European context |
title_sort |
The financial leverage of large Portuguese firms in the European context |
author |
Limão, Francisco Ferreira |
author_facet |
Limão, Francisco Ferreira |
author_role |
author |
dc.contributor.none.fl_str_mv |
Custodio, Claudia Trabucho, Pedro RUN |
dc.contributor.author.fl_str_mv |
Limão, Francisco Ferreira |
dc.subject.por.fl_str_mv |
Leverage Capital structure Large firms Eurozone Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
topic |
Leverage Capital structure Large firms Eurozone Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
description |
The Financial Leverage of Large Portuguese Firms in the European Context This paper studies the leverage, cost of debt servicing ability and structure of debt maturity of large Portuguese firms, over the pre-crisis (2006-2009) and post-crisis (2010-2013) periods through a comparative analysis with other European peers. We document that large Portuguese firms have been reducing their leverage since the end of 2009. We find that this decrease in leverage is not a consequence higher Equity levels but rather a result of asset’s downsizing. We also document that Portuguese firms are still more leveraged than their European peers, even though this difference has decreased over time. High corporate debt levels are transversal across industries. |
publishDate |
2016 |
dc.date.none.fl_str_mv |
2016-03-15T15:09:29Z 2016-01 2016-01-01T00:00:00Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/masterThesis |
format |
masterThesis |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10362/16793 TID:201988135 |
url |
http://hdl.handle.net/10362/16793 |
identifier_str_mv |
TID:201988135 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
instname_str |
Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
instacron_str |
RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
collection |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository.name.fl_str_mv |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
repository.mail.fl_str_mv |
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1799137871927443456 |