Capital Structure Adjustment Speed - the Effects of Firm Internationalization and Recessions on Swedish Firms
(2011) FEKP90 20111Department of Business Administration
- Abstract
- The thesis studied non-financial Swedish firms classified as large- and mid-caps listed on Stockholm Stock Exchange active in 2009 throughout the time period 1990 to 2009. The firms were divided into multinational and domestic firms using a foreign sales ratio. Recession periods were defined as periods with negative GDP growth. We found that the speed at which a typical Swedish non-financial firm offsets a deviation from optimal leverage throughout the period 1990 – 2009 was 3, 55 years (28, 17 %). The adjustment speed was not affected by recession periods or multinationality of firms.
Please use this url to cite or link to this publication:
http://lup.lub.lu.se/student-papers/record/2007569
- author
- Nilsson, Gustav and Bandzaite, Dovile
- supervisor
- organization
- course
- FEKP90 20111
- year
- 2011
- type
- H1 - Master's Degree (One Year)
- subject
- keywords
- partial adjustment, capital structure, adjustment speed, multinationality, recessions., Management of enterprises, Företagsledning, management
- language
- Swedish
- id
- 2007569
- date added to LUP
- 2011-05-23 00:00:00
- date last changed
- 2012-11-13 12:02:34
@misc{2007569, abstract = {{The thesis studied non-financial Swedish firms classified as large- and mid-caps listed on Stockholm Stock Exchange active in 2009 throughout the time period 1990 to 2009. The firms were divided into multinational and domestic firms using a foreign sales ratio. Recession periods were defined as periods with negative GDP growth. We found that the speed at which a typical Swedish non-financial firm offsets a deviation from optimal leverage throughout the period 1990 – 2009 was 3, 55 years (28, 17 %). The adjustment speed was not affected by recession periods or multinationality of firms.}}, author = {{Nilsson, Gustav and Bandzaite, Dovile}}, language = {{swe}}, note = {{Student Paper}}, title = {{Capital Structure Adjustment Speed - the Effects of Firm Internationalization and Recessions on Swedish Firms}}, year = {{2011}}, }