Essays about: "financial leverage and firms value"
Showing result 1 - 5 of 29 essays containing the words financial leverage and firms value.
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1. Did Private Equity-Backed Firms Outperform Operationally During Covid-19?
University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomiAbstract : Do private equity (PE) backed companies perform better operationally in a non-financial crisis? By analyzing PE-backed firms in the UK during Covid-19 using fixed effects difference-in-differences, our findings suggest that private equity-backed companies' performance decreased significantly more at the onset of the crisis and increased their leverage but recovered faster both with greater magnitude and significance. PE-backed companies thus seem to handle an operationally-sided crisis better over time but are more exposed to them initially. READ MORE
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2. To Hedge or not to Hedge: An Empirical Analysis on the Determinants of Corporate Interest Rate Risk Management
University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomiAbstract : Two theories explain why company size and leverage affect interest rate hedging: Economies of scale of derivatives usage and expected costs of financial distress. We test whether these determinants affect corporates in the decision to hedge interest rate risk with derivatives. READ MORE
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3. The Evolution of Swedish Private Equity Portfolio Companies: An Accounting-Based Performance and Valuation Approach
University essay from Handelshögskolan i Stockholm/Institutionen för redovisning och finansieringAbstract : This study provides a comprehensive overview of operating and financial performance, bankruptcy risk, and accounting conservatism in 95 Swedish portfolio companies acquired by Private Equity (PE) firms between 2001 and 2015. It further investigates whether equity value is created on a Swedish portfolio company level. READ MORE
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4. Factors influencing the share repurchase decision : A look into Nordic firms
University essay from Umeå universitet/FöretagsekonomiAbstract : This thesis investigates the relationship between share repurchase decisions and severalfinancial variables the year before. We link financial theories such as signaling,substitution, leverage, excess capital, corporate governance, employee stock option, andlegitimacy theory to this relationship and create a hypothesis to test in a quantitative study. READ MORE
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5. Determinants of Capital Structure - Testing the Pecking Order Theory on the Swedish Construction Industry
University essay from KTH/Fastigheter och byggandeAbstract : Building new homes and oÿces are vital for the well-being in a country from both an economic sense and from a viewpoint that a growing population needs more housing. For construction companies to be able to meet their objectives, an important issue is the capital structure choice. READ MORE
