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Balansgång i en ny kris?

Montheli, Marcus LU ; Larsson, Erik and Olin, Tim (2024) FEKH89 20241
Department of Business Administration
Abstract (Swedish)
The purpose of this study is to examine how the capital structure in swedish listed firms changed during the Corona-crisis. The study focuses on the years 2017-2022 to compare before and during the crisis. The study also uses six control variables to capture changes in capital structure. To compare capital structure, the study uses three types of debt ratios, total, short and long term leverage. The study was conducted by Refinitiv Eikon for sampling financial data from companies listed on Nasdaq Stockholm. T-tests was made to see how the debt ratios have changed during the crisis compared to before. Three regressions was also performed, one for each debt-ratio to see the effect the crisis had on the leverage. A dummy variable was created... (More)
The purpose of this study is to examine how the capital structure in swedish listed firms changed during the Corona-crisis. The study focuses on the years 2017-2022 to compare before and during the crisis. The study also uses six control variables to capture changes in capital structure. To compare capital structure, the study uses three types of debt ratios, total, short and long term leverage. The study was conducted by Refinitiv Eikon for sampling financial data from companies listed on Nasdaq Stockholm. T-tests was made to see how the debt ratios have changed during the crisis compared to before. Three regressions was also performed, one for each debt-ratio to see the effect the crisis had on the leverage. A dummy variable was created to capture this effect, where the dummy had a value of 0 for the years 2017-2019 and a value of 1 for the years 2020-2022.
The T-test, the regression and tests of assumptions were all made using STATA.The foundation is the most emphatic theories concerning capital structure, the pecking-order, trade-off and market-timing theories. The results showed that the Corona-crisis did have an effect on leverage, however, not the results partly differ from what previous research has shown, which can possibly be a result of how Sweden managed the crisis. (Less)
Please use this url to cite or link to this publication:
author
Montheli, Marcus LU ; Larsson, Erik and Olin, Tim
supervisor
organization
alternative title
Kapitalstrukturens dynamik hos svenska börsnoterade företag under Corona-krisen
course
FEKH89 20241
year
type
M2 - Bachelor Degree
subject
keywords
Capital structure, Corona-crisis, leverage, economic crisis, Sweden
language
Swedish
id
9168772
date added to LUP
2024-07-01 12:50:16
date last changed
2024-07-01 12:50:18
@misc{9168772,
  abstract     = {{The purpose of this study is to examine how the capital structure in swedish listed firms changed during the Corona-crisis. The study focuses on the years 2017-2022 to compare before and during the crisis. The study also uses six control variables to capture changes in capital structure. To compare capital structure, the study uses three types of debt ratios, total, short and long term leverage. The study was conducted by Refinitiv Eikon for sampling financial data from companies listed on Nasdaq Stockholm. T-tests was made to see how the debt ratios have changed during the crisis compared to before. Three regressions was also performed, one for each debt-ratio to see the effect the crisis had on the leverage. A dummy variable was created to capture this effect, where the dummy had a value of 0 for the years 2017-2019 and a value of 1 for the years 2020-2022.
The T-test, the regression and tests of assumptions were all made using STATA.The foundation is the most emphatic theories concerning capital structure, the pecking-order, trade-off and market-timing theories. The results showed that the Corona-crisis did have an effect on leverage, however, not the results partly differ from what previous research has shown, which can possibly be a result of how Sweden managed the crisis.}},
  author       = {{Montheli, Marcus and Larsson, Erik and Olin, Tim}},
  language     = {{swe}},
  note         = {{Student Paper}},
  title        = {{Balansgång i en ny kris?}},
  year         = {{2024}},
}