Essays about: "Cash Flows"

Showing result 1 - 5 of 77 essays containing the words Cash Flows.

  1. 1. Research on How Managerial Overconfidence Impacts Cash Dividends Policy Case of the U.S. market

    University essay from Lunds universitet/Nationalekonomiska institutionen

    Author : Yifei Yan; Qiwen Ni; [2019]
    Keywords : overconfidence; cash dividends; Tobit model; Logistics model; options; Business and Economics;

    Abstract : The main purpose of this thesis is to statistically analyze the impact of managerial overconfidence on cash dividends policy via fifty U.S. selected case firms during year 2008 to 2017. READ MORE

  2. 2. Overvalued stock: M&A or SEO? A study of the performance and decision making of overvalued firms.

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Georges Chalami; Lucas Aras; [2019]
    Keywords : Overvaluation; mergers and acquisitions; seasoned equity offerings; operating performance; firm characteristics;

    Abstract : This study examines two ways of exploiting overvalued stock by US firms: Conducting a seasoned equity offering (SEO) or a stock swap acquisition. As market misvaluations provide short-term opportunities for managers to receive large potential gains, the decision of how to utilize stock overvaluation can have a significant impact on the value created. READ MORE

  3. 3. Systemic risk and the market-to-book value of banks' equity

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Florian Moritz Meier; Yuqing Meng; [2019]
    Keywords : Banks; Financial Crisis; Government Guarantees; Market-to-book Value; Risk;

    Abstract : The goal of this thesis is to investigate whether market participants considered possible government guarantees when valuing banks' equity before the recent financial crisis and to what extent the market value of banks' equity is useful to estimate their exposure to systemic risk. Using a theoretical approach, we first present our argument that anticipated government guarantees in case of a systemic breakdown lead to financing costs of debt being independent from a bank's exposure to systemic risk. READ MORE

  4. 4. The Sensitivity of Banks’ Stock Returns to Interest Rate Exposure : How Major Swedish Banks’ Stock Returns Are Affected by Changes in Interest Rates and in the Slope of the Yield Curve

    University essay from Linköpings universitet/FöretagsekonomiLinköpings universitet/Filosofiska fakulteten; Linköpings universitet/FöretagsekonomiLinköpings universitet/Filosofiska fakulteten

    Author : Linda Strömberg; Matilda Karlsson; [2019]
    Keywords : Banks; stock returns; interest rates; repo rate; STIBOR; SSVX; SE GVB; yield curve slope; cash flows; profitability; interest rate margin;

    Abstract : Purpose: The purpose of this study is to examine how changes in long and short interest rates as well as in the slope of the yield curve affect the stock returns of the four major Swedish banks; Svenska Handelsbanken, Nordea Bank, Swedbank, and Skandinaviska Enskilda Banken. Further, the aim of the research is to compare these findings to how the banks perceive that such changes affect their stock returns. READ MORE

  5. 5. Swedish firms' untimely financial reporting : A study of goodwill impairment as a tool used to mislead financial users

    University essay from Uppsala universitet/Företagsekonomiska institutionen; Uppsala universitet/Företagsekonomiska institutionen

    Author : Viktor Axelsson; Ludvig Eriksson; [2019]
    Keywords : Earnings management; Real activities management; Cash flow manipulation; Untimely reporting; Goodwill impairment;

    Abstract : The transition to the IFRS framework has contributed to changes in the handling of goodwill. The yearly impairment test has contributed with subjectivity in the measurements resulting in fewer but larger impairments. READ MORE