Kapitalstrukturens inverkan på företags lönsamhet och värde: En empirisk studie över svenska börsnoterade fastighetsbolag
Independent thesis Basic level (degree of Bachelor), 10 credits / 15 HE creditsStudent thesis
How capital structure influences corporate performance and value has been in the interest of researchers and scholars for more than half a century, but an answer is yet to be found. The main objective of the present paper is to contribute with data for this cause and hopefully help to clarify this mystery. The method that was used was by analyzing the impact of debt on profitability and market valuation through linear regression. The study examined 17 Swedish property companies listed on Nasdaq OMX Large Mid and Small Cap over a 6 year period (2007-2012). The authors found a slightly negative relationship between debt-to-equity and profitability measured by return on equity (ROE) as well as by return on assets (ROA). However, significance was only found in terms of return on assets. The authors found no relationship between debt-to-equity and market valuation measured by price-to-earnings (P/E) nor price-to-book (P/B).
Place, publisher, year, edition, pages
2014. , 50 p.
Capital structure, debt-to-equity, corporate performance, profitability, value, return on equity, return on assets, price-to-earnings, price-to-book, property companies
Kapitalstruktur, skuldsättningsgrad, företagsprestation, lönsamhet, värde, räntabilitet på eget kapital, räntabilitet på totalt kapital, price-to-earnings, price-to book, fastighetsbolag
IdentifiersURN: urn:nbn:se:sh:diva-24117OAI: oai:DiVA.org:sh-24117DiVA: diva2:725987
Subject / course
UppsokSocial and Behavioural Science, Law
Chun, Ogi, Högskoleadjunkt