Essays about: "optimal capital structures"

Showing result 1 - 5 of 7 essays containing the words optimal capital structures.

1. 1. Optimal Capital Structures under the Vasicek Stochastic Interest Rate Model

   University essay from KTH/Matematik (Avd.)

   Author : Oscar Danielson; Tom Hagéus; [2023]
   Keywords : Vasicek model; stochastic interest rate model; optimal capital structures; tax benefits; bankruptcy costs; transaction costs; optimal leverage ratio; optimal debt maturity; Vasicekmodell; stokastisk räntemodell; optimala kapitalstrukturer; skattefördelar; konkurskostnader; transaktionskostnader; optimal belåningsgrad; optimal löptid;

   Abstract : This study applies the Vasicek stochastic interest rate model in order to determine optimal capital structures for listed firms. A Swedish interest rate data set is used to estimate Vasicek model parameter that are reliable and independent of initial start values. READ MORE

3. 2. What are we protecting? - A study of the Swedish regulation of deal protection arrangements

   University essay from Lunds universitet/Juridiska institutionen; Lunds universitet/Juridiska fakulteten

   Author : Marcus Gustavsson; [2018]
   Keywords : associationsrätt; bolagsrätt; company law; law and economics; aktiemarknadsrätt; stock exchange law; comparative law; komparativ rätt; företagsförvärv; takeover; m a; aktiebolagsrätt; Law and Political Science;

   Abstract : The thesis evaluates and examines the effects of the Swedish regulation of deal protection arrangements by looking to the impact of the provision on the Swedish capital market and target shareholders. The foundations of the Swedish takeover regulation are examined by presenting and arguing the relevant provisions in, and relationship between, stock exchange law, corporate law and EU law. READ MORE

4. 3. Firm Specific Determinants of Capital Structure - Is Firm's Leverage Determined as a Residual of other Financial Decisions?

   University essay from Lunds universitet/Nationalekonomiska institutionen

   Author : Niklas Schomaker; Daniel Riebler; [2018]
   Keywords : Stability of Capital Structure; Leverage Determinants; Financial Deficit; Credit Ratings; Error Correction Model; Business and Economics;

   Abstract : This thesis empirically investigates the question if US firm’s capital structures are stable over longer periods of time and which firm characteristics drive optimal leverage. The analysis is based on a Compustat panel data sample consisting of 2,900 US firms between 1985 and 2016. READ MORE

5. 4. Bank capitalization and credit rating assessment : Evidence from the EBA stress test

   University essay from Högskolan i Jönköping/Internationella Handelshögskolan

   Author : Evgenia Dimitrova; [2016]
   Keywords : Bank capitalization; Moody’s credit rating assessment; EBA stress test; capital structures; banks adequacy and solvency; excess equity;

   Abstract : Banks face market pressure when determining their capital structures because they are subject to strict regulations. CFOs are willing to adjust their company’s capital structures in order to obtain higher ratings. READ MORE

6. 5. Determining The Optimal CapitalStructure With The Contingent Claims Analysis

   University essay from KTH/Entreprenörskap och Innovation

   Author : YUWEI ZHANG; [2016]
   Keywords : Contingent claims analysis; capital structure; leverage ratio; debt maturity period; stochastic interest rate; interest rate long-run mean;

   Abstract : Finding the optimal capital structure has been a relevant subject for many decades. Therehas for a long time been a discrepancy between observed leverage ratio and those proposedby theory, with many different theories suggested and developed throughout time. One ofthose theories is the Contingent Claims Analysis (CCA). READ MORE