The impact of COVID-19 on Portuguese firms’ capital structure

Detalhes bibliográficos
Autor(a) principal: Sellami, Mohamed
Data de Publicação: 2023
Tipo de documento: Dissertação
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10400.14/41197
Resumo: This dissertation studies the effect of COVID-19 on Portuguese firms’ capital structure. This paper finds that the pandemic has had a statistically and economically significant effect on the capital structure of Portuguese companies. Findings show that companies seem to have increased their leverage ratio and long-term debt during the pandemic years, 2020 and 2021. The results of this study contrast with previous literature about other crises, such as the global financial crisis of 2008- 2009, and previous studies on the impact of economic uncertainty on capital structure behavior. This possibly reflects the widespread fiscal, monetary, and prudential support throughout the pandemic.
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spelling The impact of COVID-19 on Portuguese firms’ capital structureLeverageCapital structurePandemicDomínio/Área Científica::Ciências Sociais::Economia e GestãoThis dissertation studies the effect of COVID-19 on Portuguese firms’ capital structure. This paper finds that the pandemic has had a statistically and economically significant effect on the capital structure of Portuguese companies. Findings show that companies seem to have increased their leverage ratio and long-term debt during the pandemic years, 2020 and 2021. The results of this study contrast with previous literature about other crises, such as the global financial crisis of 2008- 2009, and previous studies on the impact of economic uncertainty on capital structure behavior. This possibly reflects the widespread fiscal, monetary, and prudential support throughout the pandemic.Esta dissertação estuda o efeito do COVID-19 na estrutura de capital das empresas portuguesas. Este artigo conclui que a pandemia teve um efeito estatisticamente e economicamente significativo na estrutura de capital das empresas portuguesas. Os resultados mostram que as empresas parecem ter aumentado seu índice de alavancagem e dívida de longo prazo durante os anos de pandemia, 2020 e 2021. Os resultados deste estudo contrastam com a literatura anterior sobre outras crises, como a crise financeira global de 2008-2009 e estudos anteriores sobre o impacto da incerteza económica no comportamento da estrutura de capital. Isso possivelmente reflete o amplo apoio fiscal, monetário e prudencial durante a pandemia.Bonfim, Diana Carina Ribeiro GuimarãesVeritati - Repositório Institucional da Universidade Católica PortuguesaSellami, Mohamed2024-01-03T01:30:36Z2023-01-2620232023-01-26T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10400.14/41197TID:203252713enginfo: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:RCAAP2024-01-09T01:36:55Zoai:repositorio.ucp.pt:10400.14/41197Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T18:33:52.087153Repositório 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 impact of COVID-19 on Portuguese firms’ capital structure
title The impact of COVID-19 on Portuguese firms’ capital structure
spellingShingle The impact of COVID-19 on Portuguese firms’ capital structure
Sellami, Mohamed
Leverage
Capital structure
Pandemic
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
title_short The impact of COVID-19 on Portuguese firms’ capital structure
title_full The impact of COVID-19 on Portuguese firms’ capital structure
title_fullStr The impact of COVID-19 on Portuguese firms’ capital structure
title_full_unstemmed The impact of COVID-19 on Portuguese firms’ capital structure
title_sort The impact of COVID-19 on Portuguese firms’ capital structure
author Sellami, Mohamed
author_facet Sellami, Mohamed
author_role author
dc.contributor.none.fl_str_mv Bonfim, Diana Carina Ribeiro Guimarães
Veritati - Repositório Institucional da Universidade Católica Portuguesa
dc.contributor.author.fl_str_mv Sellami, Mohamed
dc.subject.por.fl_str_mv Leverage
Capital structure
Pandemic
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
topic Leverage
Capital structure
Pandemic
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
description This dissertation studies the effect of COVID-19 on Portuguese firms’ capital structure. This paper finds that the pandemic has had a statistically and economically significant effect on the capital structure of Portuguese companies. Findings show that companies seem to have increased their leverage ratio and long-term debt during the pandemic years, 2020 and 2021. The results of this study contrast with previous literature about other crises, such as the global financial crisis of 2008- 2009, and previous studies on the impact of economic uncertainty on capital structure behavior. This possibly reflects the widespread fiscal, monetary, and prudential support throughout the pandemic.
publishDate 2023
dc.date.none.fl_str_mv 2023-01-26
2023
2023-01-26T00:00:00Z
2024-01-03T01:30:36Z
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/10400.14/41197
TID:203252713
url http://hdl.handle.net/10400.14/41197
identifier_str_mv TID:203252713
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
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