Essays about: "debt overhang"

Showing result 1 - 5 of 8 essays containing the words debt overhang.

  1. 1. Financial Leverage and Market Return: Empirical Evidence from US Market Indices.

    University essay from Lunds universitet/Företagsekonomiska institutionen

    Author : Ernest Agyei; [2020]
    Keywords : Firm Performance Market return Leverage Debt Overhang theory Irrelevance theory US stock indices Free cash flow theory; Business and Economics;

    Abstract : This paper is to empirically investigate the relationship between leverage and firm performance if any exists, “what is the direction of the relation?” as well as test the possibility of a non-monotonic relationship. Panel regression analysis is used for this study while using asset tangibility as an instrumental variable. READ MORE

  2. 2. Value relevance of IFRS 16 : A study of the stock market reaction

    University essay from Uppsala universitet/Företagsekonomiska institutionen

    Author : Sebastian Björklund; [2019]
    Keywords : IFRS 16; accounting; value relevance; debt overhang;

    Abstract : From the 1st of January companies will start to use the new accounting standard IFRS 16, and by this all leases that companies have will be recognized in the balance sheet. The implementation will have several effects on the balance sheet and the income statement and therefore change key ratios that investors use. READ MORE

  3. 3. Eliminating Cash; cash-free corporate liquidity : A study on the plausibility and efficiency of financial lean

    University essay from KTH/Skolan för industriell teknik och management (ITM)

    Author : Viktor Charpentier; [2019]
    Keywords : Capital structure; capital stack; leverage; cash position; cash holding; interest bearing debt; net debt; operational credit; credit facility; RCF; rolling credit; overdraft account; overdraft; debt overhang; cash pool; liquidity; liquidity management; cash management; working capital; liquidity fluctuations; financial lean; kapitalstruktur; skuldsättning; kassa; räntebärande; nettoskuld; operationell kredit; RCF; revolver; checkräkningskredit; debt overhang; cash pool; likviditet; likviditetspool; cash management; rörelsekapital; finansiell lean;

    Abstract : This paper addresses the problem of a failing net debt approach; deposited funds rarely compensate the cost of debt. Venturing into operational credit facilities, the study evaluates the efficiency and feasibility of transitioning into fully cash-free liquidity management. READ MORE

  4. 4. Market Reaction to Seasoned Equity Offerings by European Banks during the Recent Financial Crisis

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Pierdomenico Polito; Jannes Pietschmann; [2015]
    Keywords : European banks; Capital ratio; Crisis; Seasoned equity offerings;

    Abstract : This thesis attempts to assess the short-term costs of raising new equity for European banks during the recent crisis. We analyze the effect of seasoned equity offerings (SEOs) on stock prices and CDS spreads, using an event study methodology. READ MORE

  5. 5. The effect of external debt on Economic Growth : A panel data analysis on the relationship between external debt and economic growth

    University essay from Södertörns högskola/Institutionen för samhällsvetenskaper

    Author : Dereje Abere Ejigayehu; [2013]
    Keywords : External Debt; Debt overhang; Debt crowding out; debt servicing;

    Abstract : The impact of external debt on economic growth is a debatable issue between scholars since the onset of the debt crisis in 1980’s. This thesis examines whether external debt affects the economic growth of selected heavily indebted poor African countries through the debt overhang and debt crowding out effect. READ MORE