Publicação
The impact of the 2007/2008 financial crisis on leveraged buyouts spreads
| datacite.subject.fos | Ciências Sociais::Economia e Gestão | pt_PT |
| dc.contributor.advisor | Cunha, Manuel Ricardo Fontes da | |
| dc.contributor.advisor | Alves, Paulo Alexandre Pimenta | |
| dc.contributor.author | Leite, Francisco Mota Falcão | |
| dc.date.accessioned | 2018-12-14T13:47:10Z | |
| dc.date.issued | 2018-12-03 | |
| dc.description.abstract | This research aims to understand the influence of the determinant factors of the pricing of loans in LBOs, in particular the impact of the 2007/2008 financial crisis and the term structure of loans of the LBO spreads. This study uses a sample of 1,196 syndicated loans closed from 2000 to 2016. Results suggests that spreads are different in a market-based versus bank-based financial system and in United States versus Western Europe, and that during the crisis period countries in a market-based financial system and United States deal with higher spreads. In what concerns other relevant results, we also find that the variable EBITDA/Sales, or EBITDA margin, has impact in a bank-based financial system with an increase on spreads, whereas the impact in Western Europe is significant and tends to decrease the spreads. | pt_PT |
| dc.identifier.tid | 202101266 | pt_PT |
| dc.identifier.uri | http://hdl.handle.net/10400.14/26363 | |
| dc.language.iso | eng | pt_PT |
| dc.subject | Financial crisis | pt_PT |
| dc.subject | Leverage buyouts spreads | pt_PT |
| dc.title | The impact of the 2007/2008 financial crisis on leveraged buyouts spreads | pt_PT |
| dc.type | master thesis | |
| dspace.entity.type | Publication | |
| rcaap.rights | restrictedAccess | pt_PT |
| rcaap.type | masterThesis | pt_PT |
| thesis.degree.name | Mestrado em Finanças | pt_PT |