Essays about: "free cash flow hypothesis"

Showing result 1 - 5 of 6 essays containing the words free cash flow hypothesis.

1. 1. Announcement Effect of Primary Seasoned Equity Offerings of Common Stock: Evidence from the Swedish Stock Market

   University essay from Lunds universitet/Nationalekonomiska institutionen

   Author : Anna Jóna Reynisdóttir; Guðrún Özurardóttir; [2023]
   Keywords : Seasoned equity offering; Swedish stock market; primary offering; equity issue; financing; increase in share capital; wealth transfer; Business and Economics;

   Abstract : This study investigates the abnormal returns associated with announcements of primary seasoned equity offerings of common stock on the Swedish stock market. It provides a comprehensive discussion on equity offerings and their related theories, in addition to a thorough review of existing empirical research. READ MORE

3. 2. The Influence of Corporate Governance Quality and Growth Opportunities on Firms’ Payout Policy

   University essay from Uppsala universitet/Företagsekonomiska institutionen

   Author : Rob te Velde; [2019]
   Keywords : Corporate Governance; Payout Policy; Dividend; Share Repurchases; Protection Rights.;

   Abstract : This paper examines the effect of corporate governance quality on firms’ payout policy. We analyze a global sample of 3,904 firms (25,773 firm-year observations) over the period 2002-2016. READ MORE

4. 3. 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

5. 4. The Effect of Excess Cash on M&A - Evidence from Europe

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Lars Bechert; Nikolaus Schwarz; [2016]
   Keywords : Cash holdings; Excess cash; M A; Europe; Overinvestment;

   Abstract : This paper studies the development of corporate cash holdings and their effect on M&A in a European context. We observe a secular increase in corporate cash ratios which is in line with the U.S. trend. READ MORE

6. 5. Is cash still king? – A study of the firm characteristics that determine the cash holding levels of Swedish corporations and the impact of the 2008 financial crisis on corporate cash policies

   University essay from Lunds universitet/Företagsekonomiska institutionen

   Author : Robert Kinnunen; [2015]
   Keywords : Cash holdings; free cash flow theory; GMM estimation; dynamic panel regressions; pecking order hypothesis; Business and Economics;

   Abstract : The purpose of the thesis is to identify the key determinants of corporate liquidity in Swedish firms and whether these have changed in the wake of the 2008 financial crisis. For these means, data obtained from companies listed on the Swedish NASDAQ OMX Stockholm stock exchange are used to estimate a number of dynamic panel regression models in E-Views. READ MORE