Publicação
An extensive approach to unemployment insurance benefits and corporate finance metrics - labour productivity
| datacite.subject.fos | Ciências Sociais::Economia e Gestão | pt_PT |
| dc.contributor.advisor | Soares, Margarida | |
| dc.contributor.author | Pereira, Matilde José Vital | |
| dc.date.accessioned | 2023-07-21T14:12:15Z | |
| dc.date.available | 2023-07-21T14:12:15Z | |
| dc.date.issued | 2023-01-10 | |
| dc.date.submitted | 2023-01-10 | |
| dc.description.abstract | This paper investigates how differences in the unemployment insurance scheme across US states influence firms’ financial metrics. I find that, over the 1981-2016 period, higher unemployment insurance benefits are associated with lower financial leverage through a crowding-out effect. In states with more generous UI benefits, creditors are willing to offer more favourable loan conditions, which translates into longer debt maturity and lower interest, increasing the interest coverage ratio. Simultaneously, increasing UI benefits originates moral hazard problems among employees, decreasing their productivity levels. No statistically significant relationship was found between unemployment insurance generosity and an increase in credit ratings. | pt_PT |
| dc.identifier.tid | 203311345 | pt_PT |
| dc.identifier.uri | http://hdl.handle.net/10362/155644 | |
| dc.language.iso | eng | pt_PT |
| dc.relation | UID/ECO/00124/2013 | pt_PT |
| dc.subject | Unemployment risk | pt_PT |
| dc.subject | Unemployment insurance benefits | pt_PT |
| dc.subject | Stakeholders | pt_PT |
| dc.subject | Compensating wage differentials | pt_PT |
| dc.subject | Capital structure | pt_PT |
| dc.subject | Bank loans | pt_PT |
| dc.subject | Debt maturity | pt_PT |
| dc.subject | Interest coverage ratio | pt_PT |
| dc.subject | Productivity | pt_PT |
| dc.subject | Credit rating | pt_PT |
| dc.subject | Employee welfare | pt_PT |
| dc.title | An extensive approach to unemployment insurance benefits and corporate finance metrics - labour productivity | pt_PT |
| dc.type | master thesis | |
| dspace.entity.type | Publication | |
| rcaap.rights | openAccess | pt_PT |
| rcaap.type | masterThesis | pt_PT |
| thesis.degree.name | A Work Project, presented as part of the requirements for the Award of a Masters Degree in Finance from the NOVA – School of Business and Economics | pt_PT |