Kostnad för eget kapital i svenska börsbolag: Vilken betydelse har ägandet?
Independent thesis Advanced level (degree of Master (One Year)), 20 credits / 30 HE creditsStudent thesis
The last few decades largeincreases in institutional and foreign ownershipin Swedish listed companies have created a concernthat the traditionalSwedish ownership model are disappearing.With increasing globalizationand ever morecapital-intensive markets, so have great owners forced to admitcapital fuelled institutionaland foreign investors into their companies. By from an agency theoryperspective examine how different ownershiptypes and ownershipconstellations affects the cost ofequity, we want to see if there is reason for concern. Is the change in ownership structure affecting theSwedish listed firms?
Our results show that the owneridentity or ownership constellations don’t affect the cost of equity that much.The only owner-identity that shows a significant correlation with the cost ofequity is the institutions and they relate to a lower cost of equity. Theresults show that companies with two controlling shareholders relates to lowercost of equity which can show that ownership structure affects the cost. Theresult points against the only previous study made in this field in Sweden.
Place, publisher, year, edition, pages
2011. , 99 p.
IdentifiersURN: urn:nbn:se:lnu:diva-12077OAI: oai:DiVA.org:lnu-12077DiVA: diva2:420642
Subject / course
Business Administration - Other
Business Administration and Economics Programme, 240 credits
UppsokSocial and Behavioural Science, Law
Stafsudd, Anna, Director of Ph.D
Collin, Sven-Olof, Professor