Essays about: "Financing Constraints"

Showing result 16 - 20 of 29 essays containing the words Financing Constraints.

1. 16. Can managers use discretionary accruals to ease financial constraints prior to investment?

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

   Author : Helena Hellström; Luba Wiander; [2017]
   Keywords : Financial Constraints; Information Asymmetry; Earnings Management; Discretionary Accruals; Investment Efficiency;

   Abstract : In this thesis, we study the effects of financial constraints on financial reporting behavior by investigating whether discretionary accruals can signal good investment opportunities and enable access to external financing for financially constrained firms. We study a panel of firms listed on the Swedish main market between 2007-2015 and use established models for estimating discretionary accruals and investment opportunities. READ MORE

3. 17. Bond Market Access and Financial Leverage

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Tobias Leopoldsson; Marcus Åvall; [2016]
   Keywords : Leverage; Swedish corporate bond market; Public debt market; Private debt market;

   Abstract : The Swedish corporate bond market has evolved into a viable choice of financing for Swedish firms. There has been a rapid growth of corporate bonds issues. Meanwhile, we see an increase in the leverage ratio for firms with bonds. Historically, the demand for leverage has been seen as a function of firm characteristics. READ MORE

4. 18. On the Shoulders of Giants: Quality signalling in Venture Capital and Equity Crowdfunding

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Lampros Baltas; Mario Todorov; [2016]
   Keywords : Venture Capital; Crowdfunding; Equity Crowdfunding; Entrepreneurship; Signalling;

   Abstract : The latest years, Equity Crowdfunding has experienced exponential growth as a way of financing new ventures. This study explores whether equity crowdfunding investors, or ''the crowd'', interpret signals of venture quality in a way similar to professional Venture Capitalists ("VCs") and also if their investment decisions are subject to similar constraints and biases. READ MORE

5. 19. Investment-Cash Flow Sensitivity for Swedish Firms

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

   Author : Victor Abrahamsson; Sofia Knobel; [2016]
   Keywords : Overinvestment; Underinvestment; Free Cash Flow; Agency Cost Theory; Financing Constraints;

   Abstract : The aim of this bachelor thesis is to determine whether there exists a relationship between a firm's level of overinvestment or underinvestment and its level of positive free cash flow or negative free cash flow respectively. We collect data from 165 Swedish firms listed on OMX Stockholm Stock Exchange between 2008-2014. READ MORE

6. 20. Capital structure decisions for financially constrained firms: A pre- and post-crisis analysis

   University essay from Lunds universitet/Nationalekonomiska institutionen

   Author : Petr Cempírek; Georgi Gruncharov; [2016]
   Keywords : capital structure; financial constraints; global financial crisis; leverage; Business and Economics;

   Abstract : The presented thesis focuses on dynamics of capital structure decisions of financially constrained and unconstrained firms listed on Stockholm Stock Exchange. It examines the effect of the global financial crisis on the corporate financing decision. READ MORE