Essays about: "Free cash flow theories"

Found 5 essays containing the words Free cash flow theories.

1. 1. Announcement Effect of Primary Seasoned Equity Offerings of Common Stock: Evidence from the Swedish Stock Market

   University essay from Lunds universitet/Nationalekonomiska institutionen

   Author : Anna Jóna Reynisdóttir; Guðrún Özurardóttir; [2023]
   Keywords : Seasoned equity offering; Swedish stock market; primary offering; equity issue; financing; increase in share capital; wealth transfer; Business and Economics;

   Abstract : This study investigates the abnormal returns associated with announcements of primary seasoned equity offerings of common stock on the Swedish stock market. It provides a comprehensive discussion on equity offerings and their related theories, in addition to a thorough review of existing empirical research. READ MORE

3. 2. Excess Cash holdings and Acquisitions: A study on Nordic firms

   University essay from Göteborgs universitet/Graduate School

   Author : Hannes Sandström; Lingjun Zhang; [2020-07-08]
   Keywords : Cash holdings; Excess cash; Mergers and acquisitions; Corporate governance; Agency conflicts; Free cash flow theories; Information asymmetries; Cash holding motives;

   Abstract : By adapting a well-recognized model for estimating normal cash holdings, this study examines if Nordic public firms with excess cash have a higher likelihood of performing acquisitions. Given that firms have access to capital markets, firms should be able to fund positive net present value projects regardless of current cash levels. READ MORE

4. 3. 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

5. 4. 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

6. 5. Determinants of Dividend Payout Ratios : A Study of Swedish Large and Medium Caps

   University essay from Företagsekonomi

   Author : Gustav Hellström; Gairatjon Inagambaev; [2012]
   Keywords : dividends; dividend determinants; dividend payout ratio; Modigliani Miller; signaling theory; free cash flow hypothesis; agency theory.;

   Abstract : The dividend payout policy is one of the most debated topics within corporate finance and some academics have called the company’s dividend payout policy an unsolved puzzle. Even though an extensive amount of research regarding dividends has been conducted, there is no uniform answer to the question: what are the determinants of the companies’ dividend payout ratios? We therefore decided to conduct a study regarding the determinants of the companies’ dividend payout ratios on large and medium cap on Stockholm stock exchange. READ MORE