Essays about: "Modigliani and Miller"

Showing result 1 - 5 of 28 essays containing the words Modigliani and Miller.

1. 1. The use of derivatives in corporate risk management - A value adding strategy?

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Agnes Strignert; [2024]
   Keywords : Risk Management; Derivatives; Hedging; Modigliani-Miller; Porsche;

   Abstract : Part I:This study highlights the role of active risk management of currency risk exposure within large listed non-financial European firms. In the aftermath of the global pandemic and invasion of Ukraine, many firm across the global has experienced challenges in terms of sustaining stable cash flows. READ MORE

3. 2. Impact of the Capital Structure Choice on Firm Performance: A Quantitative Study of the Biggest Healthcare and Energy Companies in the USA

   University essay from Lunds universitet/Företagsekonomiska institutionen

   Author : Hardy Keller; Jaroslavs Grigoluns; Marco Zanoni; [2023]
   Keywords : Capital Structure; Firm Performance; Standard Poor s 500; Healthcare industry; Energy Industry; Optimal Capital Structure; Business and Economics;

   Abstract : Purpose The aim of this research paper is to provide valuable insights to existing theoretical foundation of choice of capital structure, and exploring the relationship between capital structure and firm performance through testing whether capital structure affects firm performance in the USA listed healthcare and energy companies. Theoretical perspective The presented theories cover different views on the preferred choice of capital structure and academics views on its effect on firm performance. READ MORE

4. 3. Capital structure and stock return : A quantitative study of the relationship between leverage and stock return on Swedish listed firms

   University essay from Linnéuniversitetet/Institutionen för ekonomistyrning och logistik (ELO)

   Author : Erik Åberg; Philip Andersson; [2022]
   Keywords : Capital structure; leverage; stock return; Modigliani Miller; pecking order theory; trade-off theory; financial risk;

   Abstract : This study investigates the effect of leverage on stock returns on Swedishlisted firms (Large and Mid-cap). Stock returns have been calculated, andleverage ratios have been collected through Datastream. The results contradictfundamental theories on capital structure. READ MORE

5. 4. Patterns and Determinants of Payout Policy in the 21-st Century : A study of the Nordic Countries.

   University essay from Umeå universitet/Företagsekonomi

   Author : Tatiana Silva da Costa; Abubacarr Sidy Nyassi; [2021]
   Keywords : Firms’ factors; cash dividends; share repurchases; payout ratio; Dividend Irrelevance Theory; Signaling Theory; Agency Theory; Life-cycle Theory; Substitution and Flexibility Hypotheses;

   Abstract : Payout policies is one of the most discussed topics in corporate finance. Since Miller & Modigliani (1961) dividend irrelevance theory, which was based on perfect markets, many theories have been developed in order to incorporate market imperfections to payout decisions. READ MORE

6. 5. Optimal Credit Rating with Regard to Capital Structure : A Mixed Method Study on the Swedish Real Estate Market

   University essay from KTH/Fastigheter och byggande

   Author : Ludvig Engwall; Martin Bjerring; [2021]
   Keywords : Credit rating; Capital structure; Real estate; WACC; Capital market; Kreditbetyg; Kapitalstruktur; Fastigheter; WACC; Kapitalmarknad;

   Abstract : In Sweden, the demand for official credit ratings has historically not been as substantial as in other parts of the world. This due to the fact that Swedish banks up until recently provided the market with shadow ratings. READ MORE