Sökning: "Johan Berlekom"

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  1. 1. The impact of credit ratings on firms’ capital structure decisions – A study on the European market

    Kandidat-uppsats, Lunds universitet/Företagsekonomiska institutionen

    Författare :Johan Van Berlekom; Emelie Bojmar; Johanna Linnard; [2012]
    Nyckelord :Credit ratings; capital structure; financing policy; trade-off theory; pecking order theory; Business and Economics;

    Sammanfattning : The aim of this study is to empirically investigate the impact of credit ratings on European firms’ capital structure decisions based on the premise of Darren Kisgen’s Credit Ratings–Capital Structure (CR-CS) hypothesis: that firms face discrete costs (benefits) associated with differences in credit rating levels. This project's empirical investigations are based on historical data from Standard & Poor's long-term issuer rating and firm financials on a sample of 169 firms. LÄS MER