| dc.rights.license | CC-BY-NC-ND | |
| dc.contributor.advisor | Lugo, Stefano | |
| dc.contributor.author | Giannopoulos, Babis | |
| dc.date.accessioned | 2022-09-09T00:01:48Z | |
| dc.date.available | 2022-09-09T00:01:48Z | |
| dc.date.issued | 2022 | |
| dc.identifier.uri | https://studenttheses.uu.nl/handle/20.500.12932/42380 | |
| dc.description.abstract | In this thesis I study if the choice between bond and loan issuance, before and after Covid-19, is affected, using US market quarterly within firm-level data, from the second quarter of 2012 until the second quarter of 2022. I also study the impact of firms’ asset tangibility on the debt choice during the global pandemic. To answer these questions I combine firm characteristic data from Compustat, bonds from Mergent and large syndicated loans data from FactSet. I perform linear and logistic regressions applying fixed-effects to my models. Banks proved to be surprisingly resilient against the financial impact of Covid-19 on the US economy, while the bond market is negatively affected. | |
| dc.description.sponsorship | Utrecht University | |
| dc.language.iso | EN | |
| dc.subject | The firns' choice between bond and loan issuance to raise debt, before and after Covid-19, depending on firm characteristics, mainly focused on asset tangibility | |
| dc.title | The choice between bank loans and bonds, depending on firm characteristics, after Covid-19 pandemic in the U.S. market. | |
| dc.type.content | Master Thesis | |
| dc.rights.accessrights | Open Access | |
| dc.subject.keywords | Debt choice, Covid-19, fixed-effects, tangibility | |
| dc.subject.courseuu | Banking and Finance | |
| dc.thesis.id | 7927 | |
