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Prudent Capital Management: The Role of Explicitly Stated Long-Term Investment Strategy

Kunnas, Kasimir LU and Plavsic, Stevan LU (2018) BUSN09 20181
Department 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.
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author
Kunnas, Kasimir LU and Plavsic, Stevan LU
supervisor
organization
course
BUSN09 20181
year
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}},
}