Impact of public guarantees on optimal debt levels following the COVID-19 pandemic: efficiency in their allocation

Baixauli‐Soler, J. Samuel; Lozano‐Reina, Gabriel; Álvarez‐Díez, Susana; Rey, Diego Rodríguez-Linares

doi:10.1080/02102412.2023.2177460

Spanish Journal of Finance and Accounting / Revista Española de

2023

DOI: 10.1080/02102412.2023.2177460

|View full text |Cite

Impact of public guarantees on optimal debt levels following the COVID-19 pandemic: efficiency in their allocation

J. Samuel Baixauli‐Soler

Gabriel Lozano‐Reina

Susana Álvarez‐Díez

et al.

Help me understand this report

Search citation statements

Order By: Relevance

Paper Sections

Select...

Citation Types

Supporting

Mentioning

Contrasting

Year Published

2023

2024

Publication Types

Select...

Article2

Relationship

Self Cite0

Independent2

Authors

Journals

Cited by 2 publications

References 55 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

R&D companies based on their age, size and type of field, are they solvent companies?

Flores-Ureba,

Gelashvili,

Gómez-Ortega

et al. 2023

Int Entrep Manag J

View full text Add to dashboard Cite

R&D companies based on their age, size and type of field, are they solvent companies?

Flores-Ureba,

Gelashvili,

Gómez-Ortega

et al. 2023

Int Entrep Manag J

View full text Add to dashboard Cite

Differences in capital structure between public and private hospitals: new evidence from a small country banking system using panel data

Neves,

Ferreira,

Serrasqueiro

et al. 2024

JHOM

View full text Add to dashboard Cite

Purpose The objective of this article is to study the factors influencing the leverage and debt maturity of 48 Public Entities and 297 Private Entities, in the health sector in Portugal, in the period between 2015 and 2021, including the pandemic crisis, coronavirus disease 2019.Design/methodology/approach To test the proposed hypotheses, the panel data methodology was used, considering the GMM (Generalized Method of Moments) system estimation method.Findings Our findings suggest that in times of crisis, both public and private entities resort to long-term loans to finance additional expenses and guarantee the continuity of health services. Also, there is a strong dependence on short-term debt (short leverage [SLEV]), especially in the public sector, suggesting some financial imbalance in current management, with no margin of financial security. In private hospitals, a more considered strategic definition is demonstrated, without current management risks.Originality/value As far as the authors are aware, this article is original and covers an important gap in the literature when considering the determinants of debt maturity in public and private hospitals in Portugal, a country where the debate about the essence of the National Health System, it’s in the news every day.

show abstract

scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.

Contact Info

customersupport@researchsolutions.com

10624 S. Eastern Ave., Ste. A-614

Henderson, NV 89052, USA

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Blog Terms and Conditions API Terms Privacy Policy Contact Cookie Preferences Do Not Sell or Share My Personal Information

Made with 💙 for researchers

Part of the Research Solutions Family.

Impact of public guarantees on optimal debt levels following the COVID-19 pandemic: efficiency in their allocation

Cited by 2 publications

References 55 publications

R&D companies based on their age, size and type of field, are they solvent companies?

R&D companies based on their age, size and type of field, are they solvent companies?

Differences in capital structure between public and private hospitals: new evidence from a small country banking system using panel data

Contact Info

Product

Resources

About