Essays about: "debt distress"

Showing result 11 - 15 of 22 essays containing the words debt distress.

  1. 11. An analysis of the usage of preferred stock in Sweden

    University essay from

    Author : John Rolfsson; Erik Åkerlind; [2018-06-29]
    Keywords : Preferred stock; Financial distress; Agency cost;

    Abstract : This paper aims to explain why the few issuers of preferred stock in Sweden have chosen to issue this historically unpopular instrument. We examine characteristics of the issuers of preferred stock related to two possible explanations, the financial distress hypothesis and the agency costs hypothesis, relative to non-issuers. READ MORE

  3. 12. A Study of the Characteristics of Firms Undergoing Leveraged Buyouts in Europe

    University essay from KTH/Industriell ekonomi och organisation (Inst.)

    Author : HENNING ELMBERGER; FABIAN MALLY; [2018]
    Keywords : leveraged buyouts; LBO; credit markets; private equity; characteristics; leveraged buyouts; LBO; kreditmarknader; riskkapital; egenskaper;

    Abstract : In this thesis we examine the shared characteristics of companies that undergo leveraged buyouts from public markets in Europe between 2005-2015 and whether credit markets have an impact on these characteristics. This is done by conducting logistical regressions on public data and through interviews with industry professionals. READ MORE

  4. 13. Capital structure's influence on volatility on in times of financial distress : An investigation on capital structure as a volatility influencer before, during and after the European debt crisis on the Stockholm Stock Exchange

    University essay from Umeå universitet/Företagsekonomi

    Author : Oscar Joos; Johanna Öhlin; [2017]
    Keywords : volatility; capital structure; stock market; stock returns; Europe; debt crisis; financial crisis; multiple regression models; volatility within different industries; volatility prediction model; Sweden; Swedish stock market.;

    Abstract : The financial crisisand the European debt crisis wreaked havoc on many European economies and stock markets. Previous studies have shown that crises are associated with high debt and linked with lower growth. READ MORE

  5. 14. 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

  6. 15. Credit tightening and financial debt sustainability: a panel approach to Italian firm-level data

    University essay from Handelshögskolan i Stockholm/Institutionen för nationalekonomi

    Author : Chiara Billi; [2016]
    Keywords : panel data; corporate distress; bank lending; credit rationing;

    Abstract : The aim of this paper is to examine how the macroeconomic shock caused by the sovereign debt crisis of 2012, through its impact on credit markets, was transmitted to the debt sustainability of Italian manufacturing firms. Using original panel data on 12,103 firms and adopting a fixed effects strategy I test the existence and the impact of the bank lending and balance sheet transmission channels on corporate debt sustainability. READ MORE