Essays about: "payout ratios"

Showing result 1 - 5 of 15 essays containing the words payout ratios.

1. 1. Credit Where Credit's Due: An Empirical Study of Defaults in the Swedish Corporate Bond Market Between 2004 and 2023

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Kristoffer Östlin; Ludvig Sviberg; [2023]
   Keywords : Corporate Bonds; Yield Spread; Default; Swedish Bond Market; Logit Regression Model;

   Abstract : This paper studies the relationship between bond defaults and yield spread, and other bond and company variables observable at issuance using a comprehensive dataset of matured and defaulted bonds from non-financial Swedish firms, covering the period 2004-2023. We find that higher yield spreads are correlated with higher default probabilities, particularly in the high-yield (HY) bond segment. READ MORE

3. 2. Payout Policy and Agency Concerns: A Study on Differences in Payout Ratios and Payout Mix between Dual and Single-Class Firms

   University essay from Lunds universitet/Företagsekonomiska institutionen

   Author : John Sköld; Fredrik Santesson Ståhl; [2022]
   Keywords : Payout-policies; Dual-class; Single-class; Agency theory; Corporate Governance; Business and Economics;

   Abstract : Purpose: The purpose of this study is to investigate if there is any difference in payout policies between firms that adopt a dual-class share structure compared to a single-class share structure. Methodology: We are using an unbalanced panel data set of firms that are listed on the Stockholm Stock Exchange (SSE). READ MORE

4. 3. Patterns and Determinants of Payout Policy in the 21-st Century : A study of the Nordic Countries.

   University essay from Umeå universitet/Företagsekonomi

   Author : Tatiana Silva da Costa; Abubacarr Sidy Nyassi; [2021]
   Keywords : Firms’ factors; cash dividends; share repurchases; payout ratio; Dividend Irrelevance Theory; Signaling Theory; Agency Theory; Life-cycle Theory; Substitution and Flexibility Hypotheses;

   Abstract : Payout policies is one of the most discussed topics in corporate finance. Since Miller & Modigliani (1961) dividend irrelevance theory, which was based on perfect markets, many theories have been developed in order to incorporate market imperfections to payout decisions. READ MORE

5. 4. A Study of the Relevance of the Dividend Irrelevance - A quantitative study on the relationship between dividend policy and firm value for US listed firms from a financial management perspective

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

   Author : Emelie Frankendal; Johanna Ingemarson; [2021]
   Keywords : Financial Management; Dividend Policy; Valuation; Company Characteristics;

   Abstract : In this study, we examine the relation between firms' existing dividend policy and their current firm value for US listed firm during 2015-2019. The relation is investigated using regressions on the enterprise value against the payout ratio and the payout mix (the proportion of cash dividends to share repurchases), and a set of control variables. READ MORE

6. 5. Profit-driven vs. purpose-driven? A study of the prevalence and implications of foundation ownership

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Jan Wocalewski; Jesper Björkman; [2019]
   Keywords : Foundation-owned Firms; Corporate Governance; Agency Theory; Intrinsic Motives;

   Abstract : Examining the Stockholm Stock Exchange between 1999-2017, we find that foundation-owned firms on average stand for about 50 percent of the total market capitalization and 15 percent of the total number of firms, illustrating the large prevalence and implications foundations have on the Swedish business society. We identify four different categories of foundations; Family, Non-Family, Employee, and Government foundations, where the first is the largest regarding both total firms and total market capitalization. READ MORE