Essays about: "Liquidation"

Showing result 1 - 5 of 31 essays containing the word Liquidation.

1. 1. Shareholder Advantage and Short-Term Leverage

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Nikola Pajkic; Pratik Kulkarni; [2023]
   Keywords : Bargaining; Default; Debt maturity structure; Rollover risk;

   Abstract : We find a correlational relationship between proxies of shareholder bargaining power and liquidation costs (indicating the value extraction ability of shareholders from debtholders in reorganization in default) and short-term leverage. Theoretical literature suggests to us that firms with higher shareholder advantage will reduce their short-term leverage to a greater extent than those with lower shareholder advantage (due to shareholders disliking commitment to rollover risk) in a systemic shock to bond market liquidity, i. READ MORE

3. 2. A Framework to Model Bond Liquidity

   University essay from KTH/Matematik (Avd.)

   Author : Alan Issa; [2023]
   Keywords : Bonds; liquidity; order book; stochastic process; stationarity; gamma distribution.; Obligationer; likviditet; orderbok; stokastisk process; stationaritet; gamma distribution.;

   Abstract : The liquidity of financial assets can be studied in various different ways. In this thesis, liquidity is defined as the cost and time required to liquidate a position. READ MORE

4. 3. Optimal Portfolio Re-Balancing on Fixed Periods using a Cost/Risk Adaptation Model and Stochastic Optimization.

   University essay from Linköpings universitet/Produktionsekonomi

   Author : Max Ehn; Marcus Jämte; [2023]
   Keywords : Optimal portfolio re-balancing; optimal liquidation; minimize transaction costs; trading-volume estimation; stochastic optimization; Financial mathematics; tracking error; execution strategies; opportunity costs; liquidation costs; applied mathematics; PRIIP regulation; Swing-pricing;

   Abstract : In this thesis we investigate the problem of portfolio re-balancing for fixed periods using a cost/risk adaptation model and stochastic optimization. The cost/risk adaptation model takes theory of optimal liquidity costs and risk preference to build a universe in which we try to find better strategies than conventional ones. READ MORE

5. 4. Local Patriotism and the Emergence of UrbanSocial Movements : A case study of referendums from below in a postmaterialist society

   University essay from Uppsala universitet/Statsvetenskapliga institutionen

   Author : Faris Henry Gergis; [2023]
   Keywords : Local patriotism; sub-national referendums; referendums from below; urban social movements; political participation; trust in local government; Folkinitiativet för Flygplatsens Framtid.;

   Abstract : Referendums are enigmatic in their sense as consolidating— or erosive tools of representative democracy; nonetheless, an upswing in the referenda from below was recently highlighted in the literature. Thus, how local referendums from below are mobilized and whether they affect trust in local government is a significant question to be answered, which mandates bridging social movements to tools of deliberative democracy. READ MORE

6. 5. CAN INSIDERS BENEFIT FROM A PANDEMIC CRISIS? A quantitative study of the impact of COVID-19 on insider trading profitability in a Swedish setting

   University essay from Göteborgs universitet/Graduate School

   Author : Amanda Dejus; Henrik Lindström; [2021-06-24]
   Keywords : Insider Trading; Abnormal Profitability; Private Information; Crisis; COVID-19; Uncertainty; Event Study;

   Abstract : The COVID-19 crisis includes unprecedented stock market impacts, exceptional uncertainty and explicit concerns from authorities that insiders possess information other than the public during the dynamic circumstances brought by the pandemic. While previous research finds clear evidence that insiders can earn abnormal profits from insider trades, few studies direct their attention towards insider trading profitability during volatile and uncertain market conditions. READ MORE