Essays about: "Overinvestment"

Showing result 1 - 5 of 12 essays containing the word Overinvestment.

  1. 1. Sustainability performance and market risk. A study of the banking sector

    University essay from Umeå universitet/Företagsekonomi

    Author : Arvid Särkiniemi; Oskar Lindman; [2023]
    Keywords : risk; market risk; sustainability performance; corporate management; bank management; CSR; panel data; parametric VaR; non-parametric VaR; CVaR; VaR; Historical simulation; bank sector; the financial sector; ESG; financial performance.;

    Abstract : The financial crisis of 2007-2008 highlighted the societal impacts of bank risk-taking. A strong focus on maximizing profits for shareholders combined with a disregard for, and  underestimation of risks led to the downfall of large banks such as Lehman Brothers and multiple other banks getting bailed out by several governments and other banks. READ MORE

  3. 2. ESG and the Cost of Debt: Evidence from the Nordic countries

    University essay from Göteborgs universitet/Institutionen för nationalekonomi med statistik

    Author : Kerstin Nyström; Emma Skog; [2022-06-27]
    Keywords : ESG; Cost of debt; The Nordics;

    Abstract : This study investigates whether environmental, social and governance (ESG) performance has an effect on the cost of debt for firms incorporated in the Nordic countries. In order to answer this research question, data was collected for the time period 2015-2020 from a sample of 560 active public Nordic firms. READ MORE

  4. 3. The Predicament of Excess Cash and M&A in an Agency Conflict Context: Evidence from the U.S

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Bianca Merckling; Ellen Börjesson; [2017]
    Keywords : M A; Excess Cash; Corporate Governance; Agency Conflicts; Governance Index;

    Abstract : This study aims to establish the relationship between cash levels (Opler et al. 1999), shareholder rights (Gompers, Ishii & Metrick 2003) and stock performance focusing on agency conflicts and the free cash flow problem in an M&A context. The data used covers M&A transactions in the U.S between the years 1990 and 2016. READ MORE

  5. 4. A penny saved

    University essay from Lunds universitet/Företagsekonomiska institutionen

    Author : Andreas Johansson Lagerstedt; Oscar Ljunggren Westlundh; Truls Törnqvist; [2016]
    Keywords : Cash holdings; profitability; Stockholm stock exchange; overinvestment; Jensen’s free cash flow hypothesis; Business and Economics;

    Abstract : 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

  6. 5. Investment-Cash Flow Sensitivity for Swedish Firms

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

    Author : Victor Abrahamsson; Sofia Knobel; [2016]
    Keywords : Overinvestment; Underinvestment; Free Cash Flow; Agency Cost Theory; Financing Constraints;

    Abstract : The aim of this bachelor thesis is to determine whether there exists a relationship between a firm's level of overinvestment or underinvestment and its level of positive free cash flow or negative free cash flow respectively. We collect data from 165 Swedish firms listed on OMX Stockholm Stock Exchange between 2008-2014. READ MORE