Essays about: "Optimal capital structure"

Showing result 11 - 15 of 25 essays containing the words Optimal capital structure.

  1. 11. The Debt-Equity Dilemma : An analysis of the co-movement between Swedish stocks and bonds

    University essay from Umeå universitet/Företagsekonomi

    Author : Adam Gustafsson; Frida Nilsson Viberg; [2019]
    Keywords : Co-movements; Stock Market; Bond Market; Capital Structure; Shareholders; Stakeholders;

    Abstract : Throughout the last century there has been an extensve discussion regarding the optimal capital structure.Excessive research has further been conducted to understand the relationbetween the market debt and equity on an aggregated market-level. However, it is observed that the research on thefirm-specific co-movement of stock and bondsis scarce. READ MORE

  3. 12. Firm Specific Determinants of Capital Structure - Is Firm's Leverage Determined as a Residual of other Financial Decisions?

    University essay from Lunds universitet/Nationalekonomiska institutionen

    Author : Niklas Schomaker; Daniel Riebler; [2018]
    Keywords : Stability of Capital Structure; Leverage Determinants; Financial Deficit; Credit Ratings; Error Correction Model; Business and Economics;

    Abstract : This thesis empirically investigates the question if US firm’s capital structures are stable over longer periods of time and which firm characteristics drive optimal leverage. The analysis is based on a Compustat panel data sample consisting of 2,900 US firms between 1985 and 2016. READ MORE

  4. 13. What is the optimal capital structure for PS Partner, a private company, in order to maximize the value of the firm?

    University essay from Göteborgs universitet/Företagsekonomiska institutionen

    Author : Max Hulth; Sebastian Börjesson; [2016-06-30]
    Keywords : Optimal capital structure; trade-off theory; financial distress; private company; cost of capital; valuation.;

    Abstract : This thesis is a study aimed to find the optimal capital structure for PS Partner, a private company active within consulting and recruitment. Since financing decisions and structural partitioning between retained earnings, equity and debt will affect the market value and hence the cost of capital, this study focused on estimating parameters to find an optimal leverage ratio for financing and thereby maximize the value of the firm. READ MORE

  5. 14. Sensitivity to Target Leverage Deviation and its Effect on Speed of Adjustment - A Study of Capital Structure Adjustments in a Nordic Context

    University essay from Handelshögskolan i Stockholm/Institutionen för redovisning och finansiering; Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Björn Hedman; Hannes Lüning; [2016]
    Keywords : Target leverage deviation; speed of adjustment; cost of equity; sensitivity; bank-based economy;

    Abstract : In this paper, we study whether cost of equity is sensitive to deviations from target leverage and if this sensitivity is an explanatory factor for firms' speed of adjustment (SOA) towards an optimal capital structure. Further, we explore if access to bond markets could influence SOA. READ MORE

  6. 15. The capital structure of listed real estate companies

    University essay from KTH/Fastigheter och byggande

    Author : Hanna Keberku; Anna Larsson; [2016]
    Keywords : Listed real estate sector; Capital; structure; Financing; Corporate bonds; Preference shares; Noterade fastighetssektorn; Kapitalstruktur; Finansiering; Obligationer; Preferensaktier;

    Abstract : The Swedish economy is currently characterized by a low interest environment, which has contributed to a thriving real estate sector in Sweden. The property companies’ financial costs are extremely low and in the search for yield, many investors have shown an interest in real estate. READ MORE