Prudent Capital Management: The Role of Explicitly Stated Long-Term Investment Strategy
(2018) BUSN09 20181Department of Business Administration
- Abstract
- The purpose of this thesis is to investigate how companies with an explicitly stated long-term investment strategy manage their capital in comparison to companies without such a statement. The research addresses the topic by analysing leading US companies in the following areas: Short-term vs. long-term perspectives, leverage, earnings & share price, capital structure and capital expenditures. We find that that an explicitly stated long-term investment strategy may be indicative towards more conservative capital management. However, our research also shows that financial data alone is insufficient in tackling this complex issue.
Please use this url to cite or link to this publication:
http://lup.lub.lu.se/student-papers/record/8951858
- author
- Kunnas, Kasimir LU and Plavsic, Stevan LU
- supervisor
- organization
- course
- BUSN09 20181
- year
- 2018
- type
- H1 - Master's Degree (One Year)
- subject
- keywords
- Capital management, investment strategy, corporate strategy, short-termism, long-term debt, earnings per share, stock price, capital structure, capital expenditures
- language
- English
- id
- 8951858
- date added to LUP
- 2018-06-25 16:57:22
- date last changed
- 2018-06-25 16:57:22
@misc{8951858, abstract = {{The purpose of this thesis is to investigate how companies with an explicitly stated long-term investment strategy manage their capital in comparison to companies without such a statement. The research addresses the topic by analysing leading US companies in the following areas: Short-term vs. long-term perspectives, leverage, earnings & share price, capital structure and capital expenditures. We find that that an explicitly stated long-term investment strategy may be indicative towards more conservative capital management. However, our research also shows that financial data alone is insufficient in tackling this complex issue.}}, author = {{Kunnas, Kasimir and Plavsic, Stevan}}, language = {{eng}}, note = {{Student Paper}}, title = {{Prudent Capital Management: The Role of Explicitly Stated Long-Term Investment Strategy}}, year = {{2018}}, }