Sökning: "Distance-to-Default"

Visar resultat 1 - 5 av 20 uppsatser innehållade ordet Distance-to-Default.

  1. 1. The Impact of Mergers & Acquisitions on Credit- and Investment risk. : -Evidence from Sweden

    Magister-uppsats, Linnéuniversitetet/Institutionen för ekonomistyrning och logistik (ELO)

    Författare :Casper Dahlberg; Max Lundberg; [2022]
    Nyckelord :Mergers Acquisitions; M A; Credit Risk; Investment Risk; Default Risk; The Institutional Imperative; Merton’s Distance-to-Default model; Merton’s DD; Value-at-Risk; VaR; Tail risk.;

    Sammanfattning : We examine the impact of Mergers & Acquisitions on credit- and investment risk using a sample of 402 acquisitions by 215 Swedish firms from 2000 to 2020. We find significant evidence that, on average, M&A increases the credit risk and inversely decreases the investment risk of the acquiring firm. LÄS MER

  3. 2. Examining the Existence of the Financial Distress Risk Anomaly: Evidence from the U.S. Stock Market

    C-uppsats, Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Författare :Maxime Rundström; Joel Ejdesjö; [2020]
    Nyckelord :Financial distress risk anomaly; risk-sorted portfolios; Distance-to-Default; Fama-French five-factor model;

    Sammanfattning : This paper examines the relationship between financial distress risk, estimated from a firm's distance-to-default, and equity returns on a sample of U.S. stocks between January 1990 and December 2019. LÄS MER

  4. 3. Mergers and Acquisitions and Default Risk: Evidence from Western European Financial Sector

    Magister-uppsats, Lunds universitet/Nationalekonomiska institutionen

    Författare :Teemu Mäkiaho; Henri Rikhard Kiviniemi; [2019]
    Nyckelord :M A; Default Risk; Merton Model; Probability of Default; Distance-to-Default; Financial Sector; Business and Economics;

    Sammanfattning : The purpose of this paper is to examine the impact of mergers and acquisitions on the default risk of acquiring companies. The sample consists of 276 transactions carried out between 2010 and 2018 by acquirers from Western European financial sector. LÄS MER

  5. 4. Preferred Stock – Debt or Equity?

    Magister-uppsats, Lunds universitet/Nationalekonomiska institutionen

    Författare :Can Telmen; Daniel Mohall; [2018]
    Nyckelord :Preferred stock; Debt; Equity; Distance to default; Hybrid Assets; Business and Economics;

    Sammanfattning : There has been previous research on the subject of preferred stock and its classification as debt or equity. This thesis adds to the discussion by incorporating a comprehensive measure for financial standing. LÄS MER

  7. 5. Distressed Mergers and Acquisitions

    Magister-uppsats, Lunds universitet/Företagsekonomiska institutionen

    Författare :Stefan Pelov; Hong Hanh Nguyen; [2018]
    Nyckelord :Bidder Default Risk; Distressed Acquisitions; Default Risk; Distance-to-Default; Financing Methods; Mergers and Acquisitions; Probability of Default; Risk Effects; Target’s Distress Level; Business and Economics;

    Sammanfattning : .... LÄS MER