Essays about: "speed of adjustment"

Showing result 11 - 15 of 33 essays containing the words speed of adjustment.

  1. 11. Firm Specific Determinants of Capital Structure - Is Firm's Leverage Determined as a Residual of other Financial Decisions?

    University essay from Lunds universitet/Nationalekonomiska institutionen

    Author : Niklas Schomaker; Daniel Riebler; [2018]
    Keywords : Stability of Capital Structure; Leverage Determinants; Financial Deficit; Credit Ratings; Error Correction Model; Business and Economics;

    Abstract : This thesis empirically investigates the question if US firm’s capital structures are stable over longer periods of time and which firm characteristics drive optimal leverage. The analysis is based on a Compustat panel data sample consisting of 2,900 US firms between 1985 and 2016. READ MORE

  3. 12. Market integration and price transmission : analysis on Ethiopian sesame seed export

    University essay from SLU/Dept. of Economics

    Author : Addis Abera Ayalew; [2018]
    Keywords : commodity market; market integration; price transmission; cointegration; VECM;

    Abstract : This study investigates how the Ethiopian sesame seed export market is integrated to selected reference markets in China and the US. Cointegration and vector error-correction model (VECM) are employed using monthly data over the period 2010 to 2018. READ MORE

  4. 13. Development of an algorithm for the automatic adjustment of the heating curve of a heat pump heating system

    University essay from KTH/Tillämpad termodynamik och kylteknik

    Author : Antonio Andricciola; [2018]
    Keywords : heating systems; heat pump; control strategy; heating curve;

    Abstract : This work deals with the problem of choosing the correct heating curve for a certain building package (envelope plus distribution system). This topic is particularly relevant in countries like Sweden where heating curve is the most common way to control heat pumps. READ MORE

  5. 14. Does herding among Swedish institutional investors stabilize or destabilize stock prices?

    University essay from Uppsala universitet/Företagsekonomiska institutionen

    Author : Martin Frosteby; Silviu Iliesiu; [2016]
    Keywords : herding; herding persistency; institutional investors; asset pricing;

    Abstract : Empirical findings on herding behavior among institutional investors suggest that those market participants speed up the price adjustment to new information and as such stabilize stock prices. Other findings indicate the opposite, that institutional herds drive stock prices away from fundamental values, and thus destabilize stock prices. READ MORE

  6. 15. Sensitivity to Target Leverage Deviation and its Effect on Speed of Adjustment - A Study of Capital Structure Adjustments in a Nordic Context

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

    Author : Björn Hedman; Hannes Lüning; [2016]
    Keywords : Target leverage deviation; speed of adjustment; cost of equity; sensitivity; bank-based economy;

    Abstract : In this paper, we study whether cost of equity is sensitive to deviations from target leverage and if this sensitivity is an explanatory factor for firms' speed of adjustment (SOA) towards an optimal capital structure. Further, we explore if access to bond markets could influence SOA. READ MORE