Sökning: "free cash flow hypothesis"

Visar resultat 1 - 5 av 9 uppsatser innehållade orden free cash flow hypothesis.

  1. 1. Announcement Effect of Primary Seasoned Equity Offerings of Common Stock: Evidence from the Swedish Stock Market

    Magister-uppsats, Lunds universitet/Nationalekonomiska institutionen

    Författare :Anna Jóna Reynisdóttir; Guðrún Özurardóttir; [2023]
    Nyckelord :Seasoned equity offering; Swedish stock market; primary offering; equity issue; financing; increase in share capital; wealth transfer; Business and Economics;

    Sammanfattning : This study investigates the abnormal returns associated with announcements of primary seasoned equity offerings of common stock on the Swedish stock market. It provides a comprehensive discussion on equity offerings and their related theories, in addition to a thorough review of existing empirical research. LÄS MER

  3. 2. THE MAGIC FORMULA - EN UTVÄRDERING AV EN FUNDAMENTAL INVESTERINGSSTRATEGI PÅ DEN SVENSKA AKTIEMARKNADEN

    Kandidat-uppsats, Göteborgs universitet/Institutionen för nationalekonomi med statistik

    Författare :Gustav Hauri; Johannes Sköld; [2019-02-18]
    Nyckelord :Effecient Market Hypothesis; Fundamental analysis; Investments strategies; Magic Formula; Value investing;

    Sammanfattning : This thesis examines the predictive powers of the basic stock picking model, The Magic Formula (MF), as well as the modified version of the model, The Free-Cash-Flow augmented Magic Formula (MF-CF) as suggested by Davydov, Tikkanen and Äijö (2016). By using a sample of the firms listed in the Stockholm Stock Exchange during 2008-2018, our results indicate that both models predict high risk, but only the MF provide higher returns. LÄS MER

  4. 3. The Influence of Corporate Governance Quality and Growth Opportunities on Firms’ Payout Policy

    Master-uppsats, Uppsala universitet/Företagsekonomiska institutionen

    Författare :Rob te Velde; [2019]
    Nyckelord :Corporate Governance; Payout Policy; Dividend; Share Repurchases; Protection Rights.;

    Sammanfattning : This paper examines the effect of corporate governance quality on firms’ payout policy. We analyze a global sample of 3,904 firms (25,773 firm-year observations) over the period 2002-2016. LÄS MER

  5. 4. A penny saved

    Magister-uppsats, Lunds universitet/Företagsekonomiska institutionen

    Författare :Andreas Johansson Lagerstedt; Oscar Ljunggren Westlundh; Truls Törnqvist; [2016]
    Nyckelord :Cash holdings; profitability; Stockholm stock exchange; overinvestment; Jensen’s free cash flow hypothesis; Business and Economics;

    Sammanfattning : Abstract Title: A penny saved: Do cash holdings reduce profitability? Seminar date: May 25, 2016 Course: FEKN90, For the degree of: Master of Science in Business and Economics, 30HP Authors: Andreas Lagerstedt, Oscar Ljunggren Westlundh, Truls Törnqvist Advisor: Anna Glenngård Keywords: Cash holdings, profitability, Stockholm stock exchange, overinvestment, Jensen’s free cash flow hypothesis. Purpose: The overall purpose of this study is to investigate if profitability is negatively affected by cash holdings for firms on the Swedish market. LÄS MER

  7. 5. The Effect of Excess Cash on M&A - Evidence from Europe

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

    Författare :Lars Bechert; Nikolaus Schwarz; [2016]
    Nyckelord :Cash holdings; Excess cash; M A; Europe; Overinvestment;

    Sammanfattning : This paper studies the development of corporate cash holdings and their effect on M&A in a European context. We observe a secular increase in corporate cash ratios which is in line with the U.S. trend. LÄS MER