Essays about: "pricing of debt"

Showing result 1 - 5 of 36 essays containing the words pricing of debt.

1. 1. Financing the Nordic Energy Transition: An Empirical Analysis of Leverage, Pricing and Return Expectations in Renewable Energy Transactions

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Franziska Grünthaner; [2023]
   Keywords : Buyouts; Leverage; Valuation; Renewable Energy; Infrastructure Investment;

   Abstract : This study examines whether leverage and pricing in transactions of renewable energy infrastructure assets are impacted by the same factors that have been found to determine financial structures in buyout transactions. It primarily draws on a proprietary data set of 261 wind and solar photovoltaic (PV) transactions in the Nordics between 2011 and 2023 and explores the effect of acquirer-, asset-, and industry-specific characteristics as well as time-varying variables on leverage, pricing and return expectations. READ MORE

3. 2. Quantifying the Impact of EU-US "Distressed" Financial Market Integration on European Credit Supply

   University essay from Lunds universitet/Nationalekonomiska institutionen

   Author : Ioannis Tzoumas; [2023]
   Keywords : ΔCoVaR; Loans; Credit; Risk; Integration; Business and Economics;

   Abstract : This paper proposes a new method for quantifying financial integration by adapting Adrian & Brunnermeier (2016)’s ΔCoVaR to conform with standard asset pricing literature (Lewellen & Nagel 2006, Cochrane 2009). We reconcile ΔCoVaR with standard microeconomic theory (Waller & Lewarne 1994) and test for causal relationships with respect to the contagion of US acute financial shocks to the EU’s loan supply. READ MORE

4. 3. A New Value Premium : Value Creation in the Swedish stock market

   University essay from Stockholms universitet/Företagsekonomiska institutionen

   Author : Lemar Jalili; Samuel Höög; Simon Blank; [2022]
   Keywords : ROIC; WACC; ROIC-WACC Spread; Fama and French three-factor model; Asset-pricing models; Value Premium; Factor models; Value creation.;

   Abstract : Value creation in any stock market is a highly discussed topic with an abundant amount of generalized models aiming to predict future returns. Although no such tool exists yet there are, however, acknowledged models from peer-reviewed journals that have received a lot of attention over the years in examining company performance. READ MORE

5. 4. Green bond premiums: A comparison between the primary and secondary debt capital markets

   University essay from

   Author : Erik Engström; [2021-07-02]
   Keywords : ;

   Abstract : Could green bonds act as a relatively cheap alternative to conventional bonds when aiming to fund sustainable investments? An increased need to allocate funds towards carbon neutral projects in recent years has spurred a rapid growth of the green bond market. However, not enough evidence to support a consensus exists regarding the pricing of green bonds. READ MORE

6. 5. Shareiholder Wealth: An Event Study of Green and Non-Green Bond Issuance in Scandinavia

   University essay from Lunds universitet/Nationalekonomiska institutionen

   Author : Jonathan Bark; Melker Lundberg; [2020]
   Keywords : Green bonds; Conventional bonds; Event study; Cumulative Abnormal Returns; Capital Asset Pricing Model; Business and Economics;

   Abstract : The green bond market has grown immensely since 2013 and is projected to continue on this growth path in the future. There is no consensus surrounding the effect of green bonds on the issuing firms share price. READ MORE