Graduation Year
2023
Date of Submission
12-2023
Document Type
Campus Only Senior Thesis
Degree Name
Bachelor of Arts
Department
Economics
Reader 1
Nishant Dass
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2023 Brandon J Bova
Abstract
In this paper, I am looking to measure the difference between characteristics in loan spreads before and after COVID depending if the industry of the borrower is highly supported or not supported by governmental stimulus. This paper reveals that due to COVID-19 stimulus of supported industries, there is a meaningful difference between loan characteristics (margin, number of arrangers, and tenor) between borrowers supported versus not supported by stimulus. These findings can help financial managers at corporations have additional information on the impact on government policy on loan spreads that can be factored into structuring a firm's capital structure.
Recommended Citation
Bova, Brandon and Dass, Nishant, "THE IMPACT OF HOW THE COVID-19 PANDEMIC CHANGED THE CHARACTERISTICS OF LOANS IN THE UNITED STATES BETWEEN BORROWER INDUSTRIES THAT ARE HEAVILY SUPPORTED BY GOVERNMENT STIMULUS, COMPARED TO THOSE NOT SUPPORTED TO THE SAME EXTENT" (2023). CMC Senior Theses. 3428.
https://scholarship.claremont.edu/cmc_theses/3428
This thesis is restricted to the Claremont Colleges current faculty, students, and staff.
