Impact of COVID-19 on Corporate Debt Structure: Cross Country Evidence

García, Raffi E.; Sharma, Zenu

doi:10.2139/ssrn.3666684

Cited by 4 publications

(4 citation statements)

References 51 publications

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“…Second, the pandemic adversely affected production and supply chains and had a negative impact on firms' revenues, creating severe financial constraints for many firms. This led to firms' increased level of debt during the pandemic ( Francis et al, 2020 ).…”

Section: Resultsmentioning

confidence: 99%

Operating performance during the COVID-19 pandemic: Is there a business group advantage?

Banerjee

Dhole

Mishra

2023

Pacific-Basin Finance Journal

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Section: Resultsmentioning

confidence: 99%

Operating performance during the COVID-19 pandemic: Is there a business group advantage?

Banerjee

Dhole

Mishra

2023

Pacific-Basin Finance Journal

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“…During the pandemic crisis, there was a sharp increase in demand for commercial bank loans. However, access to credit was provided primarily to companies that were perceived as low-risk due to efficiency and business stability (Francis et al, 2020). The level of business efficiency of companies can be seen primarily through their balance sheets and income statements.…”

Section: Literature Reviewmentioning

confidence: 99%

Corporate Financial Policy as a Factor of Corporate Sustainability and Health during COVID-19 Pandemic Period

Šabotić

Lekpek

2022

Manag: J. Sustain. Bus. Manag. Solut. Emerg. Econ.

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Research Question: This paper analyses whether a relationship exists between the financial policy of the companies, embodied in the structure of assets and liabilities, and their financial health during the COVID-19 pandemic. Motivation: The paper aims to consider the impact of changes in the value of individual items of the balance sheet of selected companies on the movement of profitability, liquidity, and market value of companies, as measures of the companies’ financial health. Idea: The core idea of this paper was to empirically evaluate the financial health of domestic companies, where the financial policy that the selected companies implemented was taken as a factor of financial health. The financial policy was viewed through the structure of assets and financing of the chosen companies, while financial resilience observation was based on indicators of profitability, liquidity, and market value of the companies. Data: Secondary data from the reference database (Index of the Belgrade Stock Exchange) during the period 2016-2020, which includes 30 companies from the real sector, serve as the relevant basis for the realization of the research within the adequately set area of the research. Tools will be used to study the relationship, i.e., connectivity of selected research variables based on regression analysis in the frame of parametric quantitative procedures. The financial policy was viewed through the structure of assets and financing of the chosen companies, based on their balance sheets, while financial resilience observation was based on indicators of profitability, liquidity, and market value of the companies, which were used as dependent variables in the research. Findings: The point that changes in a relatively small number of the balance sheet items of selected companies influenced the movement of the mentioned financial health indicators during the COVID-19 pandemic. Contribution: Presented research results are significant and representative for future corporate practice. The key contribution of this research is the identification of assets’ elements with a critical impact on companies’ financial health.

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“…Our paper contributes to a rapidly growing literature that explores the reactions of investors and providers of capital to the spread of the pandemic and the effects on the post-COVID economy (Oldekop et al, 2020). These studies mostly focus on the banking system (Beck, 2020;Greenwald et al, 2020;Francis et al, 2020;Hoseini and Beck, 2020;Li et al, 2020, Dursun-de Neef andSchandlbauer, 2020) and the stock market (Alfaro et al, 2020;Baker et al, 2020a;Pagano et al, 2020;Ramelli and Wagner 2020), while the effects of COVID-19 on the VC market have remained relatively unexplored.…”

Section: Introductionmentioning

confidence: 99%

The reallocation effects of COVID-19: Evidence from venture capital investments around the world

Bellucci

Борисов

Gucciardi

et al. 2023

Journal of Banking & Finance

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Impact of COVID-19 on Corporate Debt Structure: Cross Country Evidence

Cited by 4 publications

References 51 publications

Operating performance during the COVID-19 pandemic: Is there a business group advantage?

Operating performance during the COVID-19 pandemic: Is there a business group advantage?

Corporate Financial Policy as a Factor of Corporate Sustainability and Health during COVID-19 Pandemic Period

The reallocation effects of COVID-19: Evidence from venture capital investments around the world

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