Debt Structure and Corporate Performance During the Covid-19 Crisis
(2021) BUSN79 20211Department of Business Administration
- Abstract
- This paper examines the effects of public and bank debt financing on firm performance in emerging markets. Using data on 742 publicly traded firms from the BRIC countries, it is documented that bank debt may have a positive effect on operating performance of a firm. This effect is more pronounced for financially distressed firms and during the crisis period. It is also found that bank debt has a U-shaped relationship with firm’s market valuation. We support the theory of financial flexibility and renegotiation efficiency of bank debt.
Please use this url to cite or link to this publication:
http://lup.lub.lu.se/student-papers/record/9048218
- author
- Choudhary, Monika LU and Vyshkovskaia, Mariia LU
- supervisor
- organization
- course
- BUSN79 20211
- year
- 2021
- type
- H1 - Master's Degree (One Year)
- subject
- keywords
- debt financing, debt structure, bank debt, firm performance, emerging markets
- language
- English
- id
- 9048218
- date added to LUP
- 2021-09-08 14:31:36
- date last changed
- 2021-09-08 14:31:36
@misc{9048218, abstract = {{This paper examines the effects of public and bank debt financing on firm performance in emerging markets. Using data on 742 publicly traded firms from the BRIC countries, it is documented that bank debt may have a positive effect on operating performance of a firm. This effect is more pronounced for financially distressed firms and during the crisis period. It is also found that bank debt has a U-shaped relationship with firm’s market valuation. We support the theory of financial flexibility and renegotiation efficiency of bank debt.}}, author = {{Choudhary, Monika and Vyshkovskaia, Mariia}}, language = {{eng}}, note = {{Student Paper}}, title = {{Debt Structure and Corporate Performance During the Covid-19 Crisis}}, year = {{2021}}, }