How do debt renegotiations differ between non-distressed and distressed firms?
Autor(a) principal: | |
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Data de Publicação: | 2020 |
Tipo de documento: | Dissertação |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10362/104083 |
Resumo: | Using a large sampleof US-loan amendments between 1997 and 2010, provided by DealScan, this comparative study aims to evaluate whether debt renegotiations impact differently distressed and non-distressed firms and which changes of the original contracts can be more relevant to reduce financial distress. Focusing on the primary terms of loans (amount, maturity, and spread), this study did not find evidence of this difference. The model generated gives no indication that changes of the original terms of the loan contributes to the reduction of firms’ financial distress. Nevertheless, this is an exploratory study which still depends on a better formulation of the concept of financial distress. |
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How do debt renegotiations differ between non-distressed and distressed firms?Financial DistressDebt RenegotiationLoan AmendmentDomínio/Área Científica::Ciências Sociais::Economia e GestãoUsing a large sampleof US-loan amendments between 1997 and 2010, provided by DealScan, this comparative study aims to evaluate whether debt renegotiations impact differently distressed and non-distressed firms and which changes of the original contracts can be more relevant to reduce financial distress. Focusing on the primary terms of loans (amount, maturity, and spread), this study did not find evidence of this difference. The model generated gives no indication that changes of the original terms of the loan contributes to the reduction of firms’ financial distress. Nevertheless, this is an exploratory study which still depends on a better formulation of the concept of financial distress.Demirci, IremRUNBaltazar, Paula Cristina Teixeira2023-05-22T00:30:29Z2020-06-012020-05-222020-06-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10362/104083TID:202502520enginfo: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:RCAAP2024-03-11T04:49:37Zoai:run.unl.pt:10362/104083Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:40:07.647814Repositório 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 |
How do debt renegotiations differ between non-distressed and distressed firms? |
title |
How do debt renegotiations differ between non-distressed and distressed firms? |
spellingShingle |
How do debt renegotiations differ between non-distressed and distressed firms? Baltazar, Paula Cristina Teixeira Financial Distress Debt Renegotiation Loan Amendment Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
title_short |
How do debt renegotiations differ between non-distressed and distressed firms? |
title_full |
How do debt renegotiations differ between non-distressed and distressed firms? |
title_fullStr |
How do debt renegotiations differ between non-distressed and distressed firms? |
title_full_unstemmed |
How do debt renegotiations differ between non-distressed and distressed firms? |
title_sort |
How do debt renegotiations differ between non-distressed and distressed firms? |
author |
Baltazar, Paula Cristina Teixeira |
author_facet |
Baltazar, Paula Cristina Teixeira |
author_role |
author |
dc.contributor.none.fl_str_mv |
Demirci, Irem RUN |
dc.contributor.author.fl_str_mv |
Baltazar, Paula Cristina Teixeira |
dc.subject.por.fl_str_mv |
Financial Distress Debt Renegotiation Loan Amendment Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
topic |
Financial Distress Debt Renegotiation Loan Amendment Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
description |
Using a large sampleof US-loan amendments between 1997 and 2010, provided by DealScan, this comparative study aims to evaluate whether debt renegotiations impact differently distressed and non-distressed firms and which changes of the original contracts can be more relevant to reduce financial distress. Focusing on the primary terms of loans (amount, maturity, and spread), this study did not find evidence of this difference. The model generated gives no indication that changes of the original terms of the loan contributes to the reduction of firms’ financial distress. Nevertheless, this is an exploratory study which still depends on a better formulation of the concept of financial distress. |
publishDate |
2020 |
dc.date.none.fl_str_mv |
2020-06-01 2020-05-22 2020-06-01T00:00:00Z 2023-05-22T00:30:29Z |
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/10362/104083 TID:202502520 |
url |
http://hdl.handle.net/10362/104083 |
identifier_str_mv |
TID:202502520 |
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 |
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Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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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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1799138016634077184 |