Essays about: "pecking order hypothesis"

Showing result 1 - 5 of 6 essays containing the words pecking order hypothesis.

1. 1. Determinants of Capital Structure - Testing the Pecking Order Theory on the Swedish Construction Industry

   University essay from KTH/Fastigheter och byggande

   Author : Henrik Ek; Sofia Fjelkestam; [2020]
   Keywords : Capital Structure; Pecking Order Theory; Construction industry; Leverage Regressions; Sweden; Kapitalstruktur; Pecking order teorin; Byggbranschen; Finansiell hävstångsregression; Sverige;

   Abstract : Building new homes and oÿces are vital for the well-being in a country from both an economic sense and from a viewpoint that a growing population needs more housing. For construction companies to be able to meet their objectives, an important issue is the capital structure choice. READ MORE

3. 2. 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

4. 3. Is cash still king? – A study of the firm characteristics that determine the cash holding levels of Swedish corporations and the impact of the 2008 financial crisis on corporate cash policies

   University essay from Lunds universitet/Företagsekonomiska institutionen

   Author : Robert Kinnunen; [2015]
   Keywords : Cash holdings; free cash flow theory; GMM estimation; dynamic panel regressions; pecking order hypothesis; Business and Economics;

   Abstract : The purpose of the thesis is to identify the key determinants of corporate liquidity in Swedish firms and whether these have changed in the wake of the 2008 financial crisis. For these means, data obtained from companies listed on the Swedish NASDAQ OMX Stockholm stock exchange are used to estimate a number of dynamic panel regression models in E-Views. READ MORE

5. 4. Cross-Border M&As by Swedish Firms

   University essay from Lunds universitet/Nationalekonomiska institutionen

   Author : Filip Izgi; [2013]
   Keywords : Event study Culture Method of payment Industry sector Announcement Acquisition; Business and Economics;

   Abstract : Title: Cross-Border M&As by Swedish Firms Author: Filip Izgi Supervisor: Ola Bengtsson Purpose: The primary purpose of this study is to examine acquiring firm’s abnormal behavior of cross-border and domestic M&A announcements, as a factor of cultural differences. The secondary purpose is to investigate if abnormal behavior is influenced by pre-determined control-variables: method of payment and industry. READ MORE

6. 5. The impact of credit ratings on firms’ capital structure decisions – A study on the European market

   University essay from Lunds universitet/Företagsekonomiska institutionen

   Author : Johan Van Berlekom; Emelie Bojmar; Johanna Linnard; [2012]
   Keywords : Credit ratings; capital structure; financing policy; trade-off theory; pecking order theory; Business and Economics;

   Abstract : The aim of this study is to empirically investigate the impact of credit ratings on European firms’ capital structure decisions based on the premise of Darren Kisgen’s Credit Ratings–Capital Structure (CR-CS) hypothesis: that firms face discrete costs (benefits) associated with differences in credit rating levels. This project's empirical investigations are based on historical data from Standard & Poor's long-term issuer rating and firm financials on a sample of 169 firms. READ MORE