Essays about: "Modigliani-Miller"

Showing result 6 - 10 of 12 essays containing the word Modigliani-Miller.

1. 6. Higher capital requirements and banks’ cost of capital : An empirical study of the Swedish major banks

   University essay from Umeå universitet/Företagsekonomi

   Author : John Gunell; Niklas Åhlund; [2017]
   Keywords : Modigliani Miller; Capital Requirements; Capital Structure; Banks; Cost of Capital; CAPM.;

   Abstract : In the wake of the financial crisis the systemic importance of banks for the stability of the financial system became evident. Finansinspektionen classifies the banks Nordea, Skandinaviska Enskilda Banken, Svenska Handelsbanken and Swedbank as systemically important for the Swedish financial system. READ MORE

3. 7. Determinants of Capital Structure of Swedish limited companies : Testing Trade-off Theory Against Pecking Order Theory

   University essay from Högskolan Dalarna/Företagsekonomi

   Author : Sofia Iasonidou; [2016]
   Keywords : Corporate structure; determinants; Modigliani-Miller; Capital Irrelevance; Trade-off theory; Pecking order theory; Agency theory; Swedish limited companies; Financial leverage.;

   Abstract : Research question- This thesis investigates the determinants of capital structure of the Swedish companies. In order to do so, the two dominant theories of the corporate structure are studied and their assumptions are tested. Thus, the study researches which one of the two theories is more appealing for the Swedish market. READ MORE

4. 8. Do Increased Capital Requirements Lead to Higher Interest Margins? -A Study in the Swedish Banking Sector

   University essay from Göteborgs universitet/Institutionen för nationalekonomi med statistik

   Author : Lowe Rehnberg; Marcus Wikström; [2014-07-02]
   Keywords : Banking; Basel III; Modigliani Miller; Capital Ratio; Capital Requirements; Interest Margins; Sweden;

   Abstract : This paper examines the impacts of the capital ratios stipulated in Basel III on banks’ interest margins. The Basel III rules were established as a response to the financial crisis in 2007-2009 when it became obvious that the previously existing rules were unable to cope with the growing complexity of the financial markets. READ MORE

5. 9. 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

6. 10. Share repurchase announcements and abnormal returns for Swedish listed real estate companies

   University essay from KTH/Bygg- och fastighetsekonomi

   Author : Lars Axelsson; Philip Brissman; [2011]
   Keywords : Real Estate; Share repurchase; Signalling; Underreaction; Jensen’s alpha; Event study; Efficient Market; Principal-Agent; Modigliani-Miller; Swedish listed real estate companies;

   Abstract : Asymmetric information in the management-investor relationship implies that the management’s actions will give signals to investors. According to the signalling hypothesis, an announcement of a share repurchase program is interpreted by investors that the management is putting its money where its mouth is, i.e. READ MORE