Essays about: "liquidity constraints"

Showing result 1 - 5 of 11 essays containing the words liquidity constraints.

  1. 1. Cash Holdings, Secured Debt and Collateral

    University essay from Lunds universitet/Företagsekonomiska institutionen

    Author : Anton Wihlborg; Philip Dahl; [2023]
    Keywords : Corporate Cash Holdings; Secured Debt; Unencumbered Tangibility; Precautionary Motive; Financial Constraints; Business and Economics;

    Abstract : The purpose of this study is to empirically investigate the relationship between unencumbered tangibility and cash holdings, and to evaluate if corporations consider them to be substitutable variables of corporate liquidity. The study relies on a panel data set and then employs a firm fixed effect regression model to estimate the strength and direction of the relationship of interest. READ MORE

  3. 2. Interpreting Sensitivity

    University essay from Lunds universitet/Nationalekonomiska institutionen

    Author : Charlie Nilsson; [2023]
    Keywords : excess sensitivity; comovement; non-Ricardian households; liquidity constraints; retirement puzzle; Business and Economics;

    Abstract : The standard interpretation of aggregate excess sensitivity is that it represents the economy share of non-Ricardian households. However, household level evidence suggests that excess sensitivity can also be explained by the comovement of consumption and income over the lifetime, which occurs due to retirement and changes in household size. READ MORE

  4. 3. Analysis of the Performance of ETFs. A study on the US market

    University essay from Lunds universitet/Nationalekonomiska institutionen

    Author : Thi Kim Lien Vu; Salome Tskhoidze; [2021]
    Keywords : ETF; portfolio optimization; Sharpe ratio; financial downturns; benchmark; Business and Economics;

    Abstract : Exchange Traded Funds are known as a relatively recent financial innovation and have been gaining investors' interest in recent years. The performance of ETF in comparison to other benchmarks is still the central concern when investors make an investment decision. READ MORE

  5. 4. Has Risk Capital Increased Airlines Capabilities to Respond to Crisis

    University essay from Lunds universitet/Företagsekonomiska institutionen

    Author : Filip Blecher; Oskar Persson; [2021]
    Keywords : Economic capital; risk capacity; Covid-19; airline industry; financial constraints; Business and Economics;

    Abstract : Purpose: This paper aims to empirically investigate if pre-pandemic risk-capital was able to mitigate the negative impact of the COVID-19 pandemic on employees and investments in the airline industry Method: The base econometric methodology used is multiple regression analysis with the four risk capitals interacting with a dummy variable for the year 2020 when the COVID-19 pandemic hit. Theory: The broad theoretical framework is based on financial constraints and risk capital in the form of economic capital and risk capacity. READ MORE

  6. 5. The Fundamental Drivers of Merger Waves - A study of industry level merger activity in the Nordic market

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

    Author : Andreas Panagos; Jonathan Segelman; [2021]
    Keywords : Mergers and acquisitions; Merger waves; Industry shocks; Capital liquidity; Stock market booms;

    Abstract : We examine if merger waves occur on an industry level in the Nordics, and the underlying drivers of these waves. We conduct simulations of the empirical distribution of merger activity, univariate tests and regressions of logit models to address this research question. READ MORE