Kapitalstruktur - En studie över Market Timing och dess påverkan under finansiell lågkonjunktur
(2013) FEKN90 20131Department of Business Administration
- Abstract
- 4
Abstract
Title Capital Structure – A study about Market Timing and its
affects during a financial depression
Seminar data 2013-05-29
Course FEKN90 Degree Project, Master of Science in Business
and Economics, 30 ECTS
Authors Amelie Persson and Robin Fransson
Advisor Maria Gårdängen
Keywords Capital Structure, Market Timing, Depression, Driving
Factors, Debt Level, Nordic Market
Purpose The purpose of this study is to empirically investigate
how the relationship between Market Timing and Capital
Structure changes during a depression compared to a
booming economy.
Methodology This study has a quantitative approach using panel data
regression to investigate the connection between the
Market Timing-hypothesis and the Capital... (More) - 4
Abstract
Title Capital Structure – A study about Market Timing and its
affects during a financial depression
Seminar data 2013-05-29
Course FEKN90 Degree Project, Master of Science in Business
and Economics, 30 ECTS
Authors Amelie Persson and Robin Fransson
Advisor Maria Gårdängen
Keywords Capital Structure, Market Timing, Depression, Driving
Factors, Debt Level, Nordic Market
Purpose The purpose of this study is to empirically investigate
how the relationship between Market Timing and Capital
Structure changes during a depression compared to a
booming economy.
Methodology This study has a quantitative approach using panel data
regression to investigate the connection between the
Market Timing-hypothesis and the Capital Structure. This
is done by researching certain variables that may affect a
company’s Capital Structure.
Theoretical perspective The theoretical framework is based on previous theories
about Capital Structure, mainly covering the Trade-off
theory, the Pecking order theory and the Market Timing
theory as well as previous studies on this topic.
Empirical framework A sample containing 247 listed firms on the Danish,
Finnish and Swedish exchange markets during 2003-2011.
Conclusions The findings of this study shows that there is a
relationship between Capital Structure and Market Timing
covering the entire survey period. The explanatory
variables of this study had a larger impact on Capital
Structure before the depression, which indicates that other
variables affect during the depression. Furthermore the
results of this study cannot conclude that historical M/Bs
have a permanent affect on the companies Capital
Structure. (Less)
Please use this url to cite or link to this publication:
http://lup.lub.lu.se/student-papers/record/4091684
- author
- Persson, Amelie LU and Fransson, Robin LU
- supervisor
- organization
- course
- FEKN90 20131
- year
- 2013
- type
- H1 - Master's Degree (One Year)
- subject
- keywords
- Kapitalstruktur, Market Timing, finansiell lågkonjunktur, drivande faktorer, skuldnivå, nordiska marknaden
- language
- Swedish
- id
- 4091684
- date added to LUP
- 2013-11-19 15:04:32
- date last changed
- 2013-11-19 15:04:32
@misc{4091684, abstract = {{4 Abstract Title Capital Structure – A study about Market Timing and its affects during a financial depression Seminar data 2013-05-29 Course FEKN90 Degree Project, Master of Science in Business and Economics, 30 ECTS Authors Amelie Persson and Robin Fransson Advisor Maria Gårdängen Keywords Capital Structure, Market Timing, Depression, Driving Factors, Debt Level, Nordic Market Purpose The purpose of this study is to empirically investigate how the relationship between Market Timing and Capital Structure changes during a depression compared to a booming economy. Methodology This study has a quantitative approach using panel data regression to investigate the connection between the Market Timing-hypothesis and the Capital Structure. This is done by researching certain variables that may affect a company’s Capital Structure. Theoretical perspective The theoretical framework is based on previous theories about Capital Structure, mainly covering the Trade-off theory, the Pecking order theory and the Market Timing theory as well as previous studies on this topic. Empirical framework A sample containing 247 listed firms on the Danish, Finnish and Swedish exchange markets during 2003-2011. Conclusions The findings of this study shows that there is a relationship between Capital Structure and Market Timing covering the entire survey period. The explanatory variables of this study had a larger impact on Capital Structure before the depression, which indicates that other variables affect during the depression. Furthermore the results of this study cannot conclude that historical M/Bs have a permanent affect on the companies Capital Structure.}}, author = {{Persson, Amelie and Fransson, Robin}}, language = {{swe}}, note = {{Student Paper}}, title = {{Kapitalstruktur - En studie över Market Timing och dess påverkan under finansiell lågkonjunktur}}, year = {{2013}}, }