Search results

Agency cost of free cash flow is the most detrimental cost to a firm as it can engage firm in the misuse of capital or over-diversification, and could be so tremendous that deprives all the benefits of diversification, generates diversification discount, and destroys firm value. Corporate governance is a mechanism to safeguard the agency problems, hence, plays an important role to reduce value-des

Purpose: This study aims at determining the financial characteristics of takeover targets in the food industry operating in the European Union. By using the logit model, the researchers intend to identify firm targeting behavior that might explain corporate takeover decisions of food and beverage companies in 1999 to 2008 period. Theoretical framework: The theory is based on explaining the motives

Syftet med denna studie är att med hjälp av retorikteori skapa ökad förståelse för och kunskap om charterbolags kommersiella miljökommunikation. Studien har som utgångspunkt att det retoriska synsättet skärper vårt kritiska tänkande och kan bidra med relevant kunskap om hur vår tids serviceföretag utövar kommersiell retorisk strategi. Denna kunskap har relevans för turistforskning och för service

Utgångspunkten till denna uppsats är att det dels föreligger ett utomvetenskapligt behov av en studie av just detta slag, eftersom media rapporterar kring algblomningar som ett hot mot turism och turister. Dessutom baseras vår studie på ett inomvetenskapligt behov, bestående av kunskapsluckor kring hur turistbeteende påverkas av andra klimatförändringseffekter utöver temperaturförändringar, samt k

I dagens byggande ställs det ständigt krav på kortare byggtider, lägre byggkostnader och en hög och jämn kvalitet. Dessa krav har gjort att byggföretagen ständigt söker nya förbättrade material och byggnadsmetoder. Att använda sig av ett prefabricerat takelement skulle kunna innebära ett tidseffektiviserande samtidigt som man bibehåller kvalitén i byggnaden. Syftet med arbetet är att ta fram en pr

Nivå: Magisteruppsats Institution: Campus Helsingborg, Lunds universitet Författare: Malin Furumalm, Sara Rydberg Handledare: Carl R Hellberg, Filippa Säwe Problemdiskussion: Generation Y kännetecknas som kräsna och svårflörtade konsumenter. Varje dag utsätts de för ett enormt informationsflöde, de är uppväxta med teknik, och de besitter effektivitetsfördelar när det gäller att ta beslut. Hur ska

Uppsatsens syfte är att undersöka utrikesrepresentationens roll i den svenska underrättelseproduktionen- och konsumtionen åren 1920-1921. Med hjälp av underrättelsecykeln som analytiskt instrument studeras primärmaterial ur UD:s arkiv som behandlar "bolsjevikfrågan". Tidigare forskning har tämligen tydligt kartlagt den svenska underrättelsefloran under perioden, men det har existerat en

In the recent years Kyrgyzstan has witnessed a significant flow of internal migration. Searching for a better life Kyrgyz internal migrants are heading for the capital city of Bishkek. The city however does not offer multitude opportunities and is often closed for migrants. Various obstacles diminish chances of migrants to successfully integrate in the city and lead to social exclusion. Through ap

Merger and acquisition deals are one of the most important events corporations engage in. After completing mergers the most essential task for executives would be maintaining joint revenue growth in order to provide the deal’s success. So, customers’ reaction to M&As is a crucial factor for the achievement of goals through M&A. The main purpose of this thesis is to study how customers reac

Purpose: We attempt to fill a void in the research field of determinants of non-executive director compensation of the most actively traded companies in Sweden. Methodology: We are using a deductive and quantitative approach with a multiple regression to analyze our data and through that, serve our purpose. Theoretical perspective: Agency theory, Optimal Contracting theory, Stewardship theory, Man

Large, mature firms with lower asset volatility are found to be less influenced by cash ratios during the business cycle while the stock returns of all other firms are highly influenced. A positive relationship is established between the cash-ratio and stock performance, but no specific benefit of cash during downturns can be established for the entire sample. Favoured by cash in downturns are fir

Abstract Title: Where are we? – A case study of Asian women leadership development at A.P. Moller - Maersk Group Seminar Date: June 4th, 2010 Course: Masters Thesis in Business Administration, Programme in Managing People, Knowledge and Change, 15 University Credit Points (15 ECTS) Authors: Na Yu & Kyung rim Son. Supervisor: Saara Taalas Key Words: Talent management, Leadership development, Mo

The main purpose of this work is to investigate whether the price of catastrophe bonds would be significantly affected if a dummy variable reflecting the change in the catastrophe bond structure is incorporated into the reviewed pricing models. The theoretical framework includes modern theories related to catastrophe bonds, the catastrophe bonds market development and several existing catastrophe

The aims of this thesis are to explore the process of (dis) identification considering its influence in securing and enhancing self-identity in the agricultural organization context through patterns of working behaviors. This research underscores negative and positive aspects of professional discourses that influence interpretative manners among organizational members. This study takes hermeneutic

Purpose: The purpose of our thesis is to test theories surrounding the drivers of M&A; of their occurrence, size and affect, and from that derive their applicability on the European internet gambling industry. Methodology: This thesis uses deductive methods in which it tests theories with hypotheses by quantitative measures. Financial data have been gathered of companies in the internet gambli

This thesis examines the effect of past acquisition experience, industry momentum, past acquisition performance, CEO change, joint ventures and cancelled transactions on the likelihood and performance of subsequent cross-border acquisitions made by Swedish listed companies. We investigate learning effects for acquiring companies by using an organizational learning theory framework and use logit re

Abstract Title: Does hedging of macroeconomic risk affect corporate credit ratings? - An empirical investigation on the role of hedging of macroeconomic risk by the use of derivatives in determining corporate credit ratings. Seminar date: June 7th 2010. Course: BUSM36 Degree Project in Corporate and Financial Management, 15 ECTS-credits. Authors: David Möller, Daniel Terike. Advisor: Lars Oxelheim

Purpose: This thesis aims to develop conceptual implications from interpretation of theories and case study on cross border M&As conducted by firms from emerging market with focus on the perspectives of motivation, integration and performance. Methodology: This thesis is developed through a descriptive case study on two related cases from emerging markets. Detailed implications are derived fro

If one were to study Management Consultancy, they could be spoilt for choices on what to research on. Bombarded by several images of imperviousness, merky business practices , shady deals, compromise, self service, competitive morality and many other forms of euphemisms, the researchers, would see these notions, appear loud and resplendent, especially when, ‘seen through’ client consultant relatio