Sökning: "Matthew Parsonage"

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  1. 1. The Decision of Debt or Equity Financing

    Master-uppsats, Lunds universitet/Nationalekonomiska institutionen

    Författare :Matthew Parsonage; Joakim Berglund; [2017]
    Nyckelord :Capital Structure; Pecking Order Theory; Traditional Trade-off Theory; Business and Economics;

    Sammanfattning : Different approaches have been used to test capital structure theories empirically. In this paper the statement that Myers and Majluf (1984) discussed, that a low risk debt issue should affect the firm value less than a high risk equity issue, is explored and tested by applying an event study approach similar to the one Eckbo (1986) carried out on different kinds of debt issuances. LÄS MER