Essays about: "asymmetric information"

Showing result 1 - 5 of 152 essays containing the words asymmetric information.

  1. 1. The Effect of Banking Relationships and Prospectus Transparency on IPO Underpricing

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Erik Audun Sørensen; Sebastian Holm; [2022]
    Keywords : IPOs; Banking relationship; Prospectus; Asymmetric information; Underpricing;

    Abstract : This paper investigates whether (1) pre-IPO banking relationships with a potential IPO underwriter, and (2) transparency in the "Use of Proceeds" section in the IPO prospectus, ameliorate asymmetric information problems behind IPO underpricing. If pre-IPO banking relationships and prospectus transparency generate and transmit information to the market, and thus reduce asymmetric information, firms with these characteristics should exhibit lower underpricing when going public. READ MORE

  2. 2. Do TCFD supporters obtain better debt financing terms? A global study on how company bond yields are affected by the decision to support the TCFD.

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

    Author : Gustav Andersson; Oscar Norman; [2022]
    Keywords : TCFD; Asymmetric Information; Disclosure; Signaling; Yield;

    Abstract : This thesis analyzes the impact of companies supporting the Task Force on Climate-related Financial Disclosures (TCFD), more specifically, the impact on their bond yields. As prior literature suggests that higher quality disclosures decrease companies' cost of capital and the TCFD aims to help companies provide relevant climate-related disclosures to the financial market, this thesis aims to test if firms supporting the TCFD will obtain similar financial benefits. READ MORE

  3. 3. The prediction of Future Earnings using Fundamental Signals

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

    Author : Diana Yanesová; Yuxi Lu; [2022]
    Keywords : Earnings prediction; Fundamental signals; Asymmetric impact;

    Abstract : According to fundamental analysis theory, various sources of accounting and economic information may be used to determine the fundamental value of a firm. One such source is information included in the financial statements. READ MORE

  4. 4. The Impact of Mergers & Acquisitions on Credit- and Investment risk. : -Evidence from Sweden

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

    Author : Casper Dahlberg; Max Lundberg; [2022]
    Keywords : Mergers Acquisitions; M A; Credit Risk; Investment Risk; Default Risk; The Institutional Imperative; Merton’s Distance-to-Default model; Merton’s DD; Value-at-Risk; VaR; Tail risk.;

    Abstract : We examine the impact of Mergers & Acquisitions on credit- and investment risk using a sample of 402 acquisitions by 215 Swedish firms from 2000 to 2020. We find significant evidence that, on average, M&A increases the credit risk and inversely decreases the investment risk of the acquiring firm. READ MORE

  5. 5. Twice the price : An empirical study in procurement of homogenousgoods for Swedish municipalities

    University essay from Linköpings universitet/Nationalekonomi; Linköpings universitet/Filosofiska fakulteten

    Author : Farzam Ebrahimi; Jakob Sunström; [2022]
    Keywords : Procurement; Municipalities; Price discrepancies; Homogenous goods; Opportunism; Transaction Costs; Horizontal Integration; Asymmetric information;

    Abstract : Background: Studies of complex and big-ticket tenders such as construction contracts have been the main research focus of public procurement. The efficiency of these low frequency transactionsis inherently hard to study, since the real world offers a wide range of variables that could explain the discrepancies. READ MORE