Sökning: "Underinvestment problems"

Hittade 4 uppsatser innehållade orden Underinvestment problems.

  1. 1. Investment-Cash Flow Sensitivity for Swedish Firms

    C-uppsats, Handelshögskolan i Stockholm/Institutionen för redovisning och finansiering

    Författare :Victor Abrahamsson; Sofia Knobel; [2016]
    Nyckelord :Overinvestment; Underinvestment; Free Cash Flow; Agency Cost Theory; Financing Constraints;

    Sammanfattning : The aim of this bachelor thesis is to determine whether there exists a relationship between a firm's level of overinvestment or underinvestment and its level of positive free cash flow or negative free cash flow respectively. We collect data from 165 Swedish firms listed on OMX Stockholm Stock Exchange between 2008-2014. LÄS MER

  3. 2. Cash Holdings from a Risk Management Perspective - A study on high investment firms

    Magister-uppsats, Lunds universitet/Företagsekonomiska institutionen

    Författare :Fanny Andrea Bjørndalen; Johanna Nilsson; [2015]
    Nyckelord :Cash Management; Cash Holdings; Hedging; Risk Management; Underinvestment problems; Investment opportunities; Business and Economics;

    Sammanfattning : Due to a globalized market place, risk management has grown in importance and become a central part of firms’ corporate strategies. The incentives for engaging in risk reducing activities revolve around reduced agency costs and exploitation of financial advantages. LÄS MER

  4. 3. The Value of Hedging

    Magister-uppsats, Lunds universitet/Företagsekonomiska institutionen

    Författare :Marcus Thorsheim; Karl-Fredrik Hansson; André Bergstrand; [2009]
    Nyckelord :currency derivatives; exchange rate risk; exchange rate risk exposure; value creation; underinvestment; financial distress; debt capacity; managerial risk aversion.; risk management; Management of enterprises; Företagsledning; management; Business and Economics;

    Sammanfattning : The purpose of this study is to investigate to what extent currency derivatives is value creating for Swedish firms, and if so, we aim towards determining the source of the value creation. The theoretical framework covers risk management theories regarding underinvestment, financial distress, tax incentives and managerial risk aversion. LÄS MER

  5. 4. Trouble in Private Equity Paradise: Who Benefits When a Portfolio Company Invests?

    D-uppsats, Handelshögskolan i Stockholm/Institutionen för redovisning och finansiering

    Författare :Anders Berger; Marcus Uggla; [2008]
    Nyckelord :private equity; leverage buyout; LBO; capital budgeting;

    Sammanfattning : Problems arise when a private equity owned portfolio company wants to make an additional investment in assets and the private equity company has to make an investment decision based on capital budgeting models presented by the management of the portfolio company. Since a private equity firm evaluates their holdings using LBO valuation models with the resulting IRR and their portfolio company evaluates investments using various budgeting methods, the purpose of this Master’s Thesis is to analyze whether such an additional investment could in some cases be value improving for only one of the parties, and if that is the case, when that is most likely to occur. LÄS MER