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Bruna Ferreira

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Open access Aug 2026

Capital Structure under Systemic Shocks: How COVID-19 Reshaped SME Financing

This study examines how the COVID-19 crisis reshaped the determinants of capital structure among Portuguese industrial small and medium-sized enterprises (SMEs). Using firm-level and macroeconomic data from 7,006 SMEs over 2016–2023, we estimated a fixed-effects panel model with robust standard errors. Before the pande...

Bruna Ferreira, J. Mota, Luís Pacheco · 0 citations

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