Essays about: "Market-to-Book"
Showing result 6 - 10 of 45 essays containing the word Market-to-Book.
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6. Capital Structure in Financial Distress: A Comprehensive Study across Industries and Borders
University essay from Göteborgs universitet/Graduate SchoolAbstract : This paper examines the effects of financial distress on the relationships between capital structure and its determinants – continuing on the famous research by Rajan and Zingales from 1995. The sample contains balance sheet information for 3743 non-financial firms over a period of 14 years, classified into NAICS sectors and distributed across the G7 countries. READ MORE
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7. The Impact of Key Performance Indicators (KPIs) on Listed European Football Clubs
University essay from Lunds universitet/Företagsekonomiska institutionenAbstract : The purpose of this paper is to investigate and shed light on the critical success factors for investors, management and academia for listed European football clubs. This paper is the first of its kind in that it analyses the Key Performance Indicators and their respective impact on the stock price for 23 listed European football clubs. READ MORE
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8. Systemic risk and bank equity valuation: A study of the market-to-book value and government guarantees
University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomiAbstract : In previous research, it has been argued that a link exists between the equity valuation of a bank and its tail risk. The relationship has been attributed to government guarantees and how they create a synthetically low cost of debt, which increases the incentive to take on risk. READ MORE
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9. Systemic risk and the market-to-book value of banks' equity
University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomiAbstract : 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
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10. The Implications of Earnouts - A Study on the Swedish M&A Market
University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomiAbstract : In this thesis, we study the effects of earnouts in the Swedish M&A market. We focus on transactions in which public bidders acquire private targets. Propensity score matching (PSM) is used to reduce the potential problems related to random sampling. READ MORE