Essays in corporate finance

1) Capital structure changes predicted to cause either a corporate debt tax shield effect or a wealth redistribution effect are associated with security price changes

The DCF model discounts free cash flow, meaning the cash flow available to all investors – equity holders, debt holders and any other non-equity investors (Koller et

Table 3 reports gross public debts (in percent of GDP) for Sweden, Finland and Denmark. Unfortunately, net debt numbers are not available. The increase in the debt share from 1990

Starting from 1992, SNDO engaged external debt managers together with their internal managers to actively manage foreign currency debt with the aims to (1) diversify the

By allowing investors more control equity can be used to finance assets with limited redeployability, whereas debt would imply higher financing costs and potentially loss

On another matter, even though Sudan is not currently servicing its external debt obligations, it could not possibly avail financial resources to meet necessary spending

Several mutations that cause pyridoxine-responsive epilepsy lead to accumulation of reactive compounds: α-aminoadipic semialdehyde and P6C in ALDH7A1 and MOCS2 mutations (20,

Even though the level of debt has not risen as much among younger households in relative terms, the risk associated with loans is higher, since debt has grown faster than the value