Essays about: "capital structure market timing"

Showing result 1 - 5 of 12 essays containing the words capital structure market timing.

1. 1. What drives leverage in Swedish LBOs?

   University essay from Uppsala universitet/Företagsekonomiska institutionen

   Author : Felicia Berglund; Billy Mähler; [2023]
   Keywords : Leveraged Buyout; LBO; Private Equity; PE; Leverage;

   Abstract : The capital structure of leveraged buyout (LBO) companies often differs dramatically from that of other companies. What factors drive the amount of leverage in LBO transactions are often contrasted by two different views in previous research. READ MORE

3. 2. Market Timing Theory of Capital Structure : A Panel Data Regression Study of Swedish Real Estate Firms

   University essay from KTH/Fastighetsföretagande och finansiella system

   Author : Gustav Kornher; Oliver Stiernström; [2022]
   Keywords : Capital Structure; Market Timing Theory; Corporate Finance; Real Estate Economics; Kapitalstruktur; Market-timing; Företagsfinansiering; Fastighetsekonomi;

   Abstract : In 2002, Baker and Wurgler posited that capital structure is the cumulative outcome of past attempts to time the equity market. Due to this theory´s recent introduction it has not been subjected to the same comprehensive testing as other financing theories. READ MORE

4. 3. Is it cash o'clock?

   University essay from Lunds universitet/Företagsekonomiska institutionen

   Author : John Hagfält; Andreas Luttropp; [2021]
   Keywords : Seasoned Equity Offerings; Abnormal Return; Market Timing; Cash Need Rationale; Financial Distress; Business and Economics;

   Abstract : The purpose of this study is to further investigate how market timing and cash need rationale affects stock performance subsequent to a seasoned equity offering and, by doing so, to expand on previous literature on the subject of seasoned equity offerings and stock performance. In this thesis a quantitative approach taken by estimating buy-and-hold abnormal returns subsequent to a seasoned equity offering by the means of an event study. READ MORE

5. 4. What determines leverage in leveraged buyouts? : A study of debt levels in European LBOs

   University essay from Uppsala universitet/Företagsekonomiska institutionen

   Author : Evelina Gille; Josefine Karlsson; [2019]
   Keywords : Leveraged buyout; LBO; leverage; capital structure; private equity;

   Abstract : This paper examines the main drivers of leverage levels in private equity-sponsored leveraged buyouts (LBOs). In order to find out what drives LBO leverage, we analyse deal financing of 71 European LBO deals completed between 2005 and 2015. READ MORE

6. 5. Equity Market Environment as a Capital Structure Determinant - Incorporating a systematic risk factor in the trade-off theory

   University essay from Handelshögskolan i Stockholm/Institutionen för redovisning och finansiering

   Author : Johan Lundberg; Marcus Fröderberg; [2016]
   Keywords : Trade-off theory; Market-timing hypothesis; Leverage determinants; Capital structure management; Systematic risk;

   Abstract : In this thesis, we aim to increase the explanatory power of the trade-off theory by incorporating an element of the market-timing hypothesis. We apply an adjusted version of a generally accepted framework for testing the trade-off theory, with the inclusion of a variable designed to capture the equity market environment. READ MORE