Essays about: "Jensen’s free cash flow hypothesis"
Found 2 essays containing the words Jensen’s free cash flow hypothesis.
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1. A penny saved
University essay from Lunds universitet/Företagsekonomiska institutionenAbstract : Abstract Title: A penny saved: Do cash holdings reduce profitability? Seminar date: May 25, 2016 Course: FEKN90, For the degree of: Master of Science in Business and Economics, 30HP Authors: Andreas Lagerstedt, Oscar Ljunggren Westlundh, Truls Törnqvist Advisor: Anna Glenngård Keywords: Cash holdings, profitability, Stockholm stock exchange, overinvestment, Jensen’s free cash flow hypothesis. Purpose: The overall purpose of this study is to investigate if profitability is negatively affected by cash holdings for firms on the Swedish market. READ MORE
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2. The Effect of Excess Cash on M&A - Evidence from Europe
University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomiAbstract : This paper studies the development of corporate cash holdings and their effect on M&A in a European context. We observe a secular increase in corporate cash ratios which is in line with the U.S. trend. READ MORE