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

Bibliographic Details
Main Author: Sellami, Mohamed
Publication Date: 2023
Format: Master thesis
Language: eng
Source: Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
Download full: http://hdl.handle.net/10400.14/41197
Summary: 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 structurePandemicThis 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.Bonfim, Diana Carina Ribeiro GuimarãesVeritatiSellami, Mohamed2024-01-03T01:30:36Z2023-01-2620232023-01-26T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10400.14/41197urn:tid:203252713enginfo:eu-repo/semantics/openAccessreponame:Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)instname:FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologiainstacron:RCAAP2025-03-13T14:03:49Zoai:repositorio.ucp.pt:10400.14/41197Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireinfo@rcaap.ptopendoar:https://opendoar.ac.uk/repository/71602025-05-29T02:01:50.763191Repositórios Científicos de Acesso Aberto de Portugal (RCAAP) - FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologiafalse
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
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
dc.contributor.author.fl_str_mv Sellami, Mohamed
dc.subject.por.fl_str_mv Leverage
Capital structure
Pandemic
topic Leverage
Capital structure
Pandemic
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
urn:tid:203252713
url http://hdl.handle.net/10400.14/41197
identifier_str_mv urn: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:Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
instname:FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologia
instacron:RCAAP
instname_str FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologia
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reponame_str Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
collection Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
repository.name.fl_str_mv Repositórios Científicos de Acesso Aberto de Portugal (RCAAP) - FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologia
repository.mail.fl_str_mv info@rcaap.pt
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