COVID-19 and the cost of bond debt: The role of corporate diversification

We examine whether diversification is valuable in reducing the cost of debt for COVID-19-exposed firms. We find that although the pandemic has increased firms’ borrowing costs, both business and geographic diversifications reduce bond yield spreads for COVID-19-exposed firms. This highlights that th...

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Detalles Bibliográficos
Autor principal: Almaghrabi, Khadija S.
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Elsevier Inc. 2022
Materias:
Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8451396/
https://www.ncbi.nlm.nih.gov/pubmed/34566527
http://dx.doi.org/10.1016/j.frl.2021.102454

Internet

https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8451396/
https://www.ncbi.nlm.nih.gov/pubmed/34566527
http://dx.doi.org/10.1016/j.frl.2021.102454

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