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dc.contributor.authorBjørkman, Fredrik
dc.contributor.authorForina, Francesco Paolo
dc.date.accessioned2018-01-12T08:48:51Z
dc.date.available2018-01-12T08:48:51Z
dc.date.issued2017
dc.identifier.urihttp://hdl.handle.net/11250/2477117
dc.descriptionMasteroppgave(MSc) in Master of Science in Business, Finance - Handelshøyskolen BI, 2017nb_NO
dc.description.abstractThe scope of this master thesis is to understand what drives the decision by American firms to raise capital through initial public offerings. In particular we assess whether American technology firms try to time the IPO market when they decide to raise capital by testing the market timing theory of capital structure. Our findings do not provide significant evidence to support the theory, however tech firms show a stronger tendency to attempt to time markets compared to the overall sample. We conclude that market timing, as defined by Alti (2006), is not the only motivation driving financing decisions of high-tech companies.nb_NO
dc.language.isoengnb_NO
dc.publisherBI Norwegian Business Schoolnb_NO
dc.subjectfinancenb_NO
dc.subjectfinancial economicsnb_NO
dc.subjectfinansnb_NO
dc.titleCapital structure and ipo market timing in the U.S. high-tech industrynb_NO
dc.typeMaster thesisnb_NO


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