Direct Lenders and the Impact of COVID-19
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- Master of Science 
This study explores how the COVID-19 shock affected direct lending in the U.S. Using a set of hand-collected data on direct lenders such as business development companies (BDCs) we apply a difference-in-differences model to document the heterogenous impact of the shock on BDCs lending. Our research indicates that, overall, BDCs remain a reliable source of credit following an adverse shock to their fundamentals. Furthermore, we report that BDCs who are more exposed to the shock employ risk control by increasing their portfolio allocation to safer investments.
Masteroppgave(MSc) in Master of Science in Finance/(Financial Economics) - Handelshøyskolen BI,2023