Företag med stor kassa - vilka är alternativen och vad vill marknaden?

Sammanfattning: The Swedish business cycle is in a strong position at the moment, leading to great results and larger profits. This strong business posture has encouraged companies to increase both their liquidity and revenue. Now there is a dilemma, what actions should or could a respectable business take on these newfound liquid assets. The purpose of this paper is to deliver a clear picture of what options there are for such companies listed on the Swedish stock-market, and how the market wants them to act. To these means we have studied the basic theories linked to this subject and reviewed the cause and effects that motivates them. We have also conducted interviews with the people representing the market through their line of business. In the theory we found several options on what companies in similar situations tend to do. They can either hand out share dividends to stock owners, repurchase own company stocks, acquire financial assets or make acquisitions of companies. Through interviews with the people within the financial market, we have been able to establish the empirical facts necessary to analyse the theory we’ve brought forward and draw the following conclusions. The alternatives available and that the market agrees to can be ranked with company acquisitions as first, secondly share dividends and lastly repurchase of own company stock. However the market do not want a company to acquire financial assets, as long as it isn’t their core business.