• norsk
    • English
  • norsk 
    • norsk
    • English
  • Logg inn
Vis innførsel 
  •   Hjem
  • Handelshøyskolen BI
  • Student papers
  • Master of Science
  • Vis innførsel
  •   Hjem
  • Handelshøyskolen BI
  • Student papers
  • Master of Science
  • Vis innførsel
JavaScript is disabled for your browser. Some features of this site may not work without it.

THE LIQUIDITY CRISIS IN 2008 : A case study of how the financial crisis, in 2008, influenced the liquidity management in Norwegian companies. In cooperation with: Statkraft AS, Orkla ASA, Telia Norge AS and Equinor ASA

Muneer, Madhia Maihak; Hasani, Fiola
Master thesis
Thumbnail
Åpne
2039315.pdf (3.809Mb)
Preliminary-Master-Thesis-Report.pdf (1.233Mb)
Permanent lenke
http://hdl.handle.net/11250/2578525
Utgivelsesdato
2018
Metadata
Vis full innførsel
Samlinger
  • Master of Science [1116]
Sammendrag
The economy of the United States of America experienced a longer period of

growth and optimism around the millennium. Increased confidence in the

financial markets led to low risk aversion by the investors, while the increase

grew in line with the rising house prices. In 2008 the bubble exploded, the money

market froze and the world stood above one of the most chaotic financial periods

since the 1930s. The crisis also affected the markets in Norway; therefore, it is

appropriate to study the impact of the financial crisis on the liquidity management

of the Norwegian companies. It is this financial area that is largely reflected in the

research literature. To study how the financial crisis in 2008 has affected the

liquidity management in the Norwegian companies, we have conducted a case

study with four Norwegian companies. We chose to use interviews as method in

our case study. In this way, we have gained experiences about the impact of the

financial crisis on the companies' liquidity funds, financing, risk assessments and

changes in how the liquidity management takes place in practice.

The case study has revealed several factors that increased the focus of the

Norwegian companies after the financial crisis. The analysis shows that the

companies experienced more uncertainty compared to the banks, which were

considered less solid during the crisis. This resulted in a desire to reduce the bank

exposure and diversify the loan sources, and utilizing the internal capital to an

even greater extent. Several of the companies initiated projects of the working

capital to free up internal capital. The data collection revealed that the companies

wanted to secure a buffer in case the markets in Norway were shut down. For this

reason, several of the companies increased their facilities in the banks as an added

security. In this way, the study emphasizes the importance of credit facilities as

sources of capital from the banks in crisis such as the financial crisis in 2008.
Beskrivelse
Masteroppgave(MSc) in Master of Science in Business, Finance - Handelshøyskolen BI, 2018
Utgiver
Handelshøyskolen BI

Kontakt oss | Gi tilbakemelding

Personvernerklæring
DSpace software copyright © 2002-2019  DuraSpace

Levert av  Unit
 

 

Bla i

Hele arkivetDelarkiv og samlingerUtgivelsesdatoForfattereTitlerEmneordDokumenttyperTidsskrifterDenne samlingenUtgivelsesdatoForfattereTitlerEmneordDokumenttyperTidsskrifter

Min side

Logg inn

Statistikk

Besøksstatistikk

Kontakt oss | Gi tilbakemelding

Personvernerklæring
DSpace software copyright © 2002-2019  DuraSpace

Levert av  Unit