Publicação
The impact of COVID-19 on Portuguese firms’ capital structure
| datacite.subject.fos | Ciências Sociais::Economia e Gestão | pt_PT |
| dc.contributor.advisor | Bonfim, Diana Carina Ribeiro Guimarães | |
| dc.contributor.author | Sellami, Mohamed | |
| dc.date.accessioned | 2023-05-22T10:33:54Z | |
| dc.date.available | 2024-01-03T01:30:36Z | |
| dc.date.issued | 2023-01-26 | |
| dc.date.submitted | 2023 | |
| dc.description.abstract | 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. | pt_PT |
| dc.description.abstract | 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. | pt_PT |
| dc.identifier.tid | 203252713 | pt_PT |
| dc.identifier.uri | http://hdl.handle.net/10400.14/41197 | |
| dc.language.iso | eng | pt_PT |
| dc.subject | Leverage | pt_PT |
| dc.subject | Capital structure | pt_PT |
| dc.subject | Pandemic | pt_PT |
| dc.title | The impact of COVID-19 on Portuguese firms’ capital structure | pt_PT |
| dc.type | master thesis | |
| dspace.entity.type | Publication | |
| rcaap.rights | openAccess | pt_PT |
| rcaap.type | masterThesis | pt_PT |
| thesis.degree.name | Mestrado em Finanças | pt_PT |