Kandidatuppsatser i finansiell ekonomi: Recent submissions
Visas titlar 81-100 av 135
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Marknadsinflytandets påverkan på aktiens prissynkronicitet
(2019-07-09)This report studies the relationship between firms’ market power and their behavior in the equity market. To examine this relationship, the operating margin and weekly returns for 50 companies listed at the Stockholm ... -
Analys av kredit- och ränterisk över konjunkturcykler - En studie av amerikanska företagsobligationer
(2019-07-09)In recent years, the market for US corporate bonds has recovered from the financial crisis in 2008. Since the credit spread is of great importance to many stakeholders, this thesis has been written with the purpose to ... -
A Study of the Size and Value effect on the Stockholm Stock Exchange - Are there pricing anomalies present on the Stockholm Stock Exchange?
(2019-07-09)This thesis evaluates the financial performance of Swedish small cap stocks over the period 2000-2016. By applying CAPM and the Carhart four-factor model, we find no evidence for a size or a value effect. Furthermore, the ... -
Skillnader mellan kvinnors och mäns riskaversion samt dess påverkan på riskjusterad avkastning - En studie utförd på Avanzas kunder
(2019-07-09)The purpose of this thesis is to study if there are differences in terms of risk and risk adjusted-return on two fictitious portfolios constructed for female and male investors. The thesis investigates the Swedish market ... -
Returns to Swedish Acquirers from Public an Private M&As
(2019-07-09)This paper examines Swedish listed acquirers’ cumulative abnormal returns surrounding the announcement of acquisitions between the period 1998–2018 of both public and private targets. We find that acquirers earn an average ... -
Insynshandel som indikator på övervavkastning
(2019-07-09)The purpose of the thesis is to investigate whether it is possible to predict future excess returns at the Swedish stock market by observing the insiders' aggregate purchase transactions within the company. The study used ... -
SEASONED EQUITY OFFERINGS - Avkastningen på den svenska aktiemarknaden 2004-2016
(2019-07-09)One of the most important tasks of any corporation is the acquirement and accumulation of capital, which can fuel future expansions, finance acquisitions and keep a burgeoning corporation from being stopped at an early ... -
CEO Compensation and Company Performance - Evidence From Sweden
(2019-07-09)Compensation to CEOs has increased dramatically over the past decades. This increase over time raises the question of its justifiability. The direct costs of CEO compensation shall be considered in light of the value added ... -
Högfrekvenshandels Inverkan på den Svenska Aktiemarknadens Volatilitet
(2019-07-08)The focus of this paper is to investigate whether or not high frequency trading affects market volatility. Research on the topic has not been conducted on the Swedish stock market which is the purpose of this thesis. ... -
Determinants of Bidders' Abnormal Returns in Technology Mergers and Acquisitions
(2019-07-08)We study 314 mergers and acquisitions (M&As) of European and American technology firms between 2004 and 2018. Using the standard event study methodology, this paper analyzes the abnormal returns of bidders in the event ... -
Do dark pools affect asset price volatility? A Study of the US Equity Market.
(2019-07-08)Recent years there has been an increased usage of dark pools followed by a rise in interest to study the field. During 2018, 14% of the US equity trading was made in dark pools. It is therefore highly relevant to consider ... -
The impact of ESG score on firm's cost of capital and riskiness
(2019-07-05)This paper investigates the relationship between a firm´s Thomson Reuters ESG score and its weighted average cost of capital & implied credit default swap spread. The research is conducted on the Swedish stock exchanges ... -
Does ETF Ownership Increase Stock Volatility?
(2019-07-05)Exchange Traded Funds (ETFs) are supposed to be priced equal to the net asset value of their underlying stocks, if not, opportunities of arbitrage occur and are quickly corrected by arbitrageurs. When a demand or liquidity ... -
Ethical Fund Performance - A matched pair analysis of the Swedish fund market
(2019-07-05)This thesis investigates the effect of ethics on the performance of Swedish funds over the years 2009-2018. Through the use of environmental, social, and governance (ESG) score, this study distinguishes ethical funds from ... -
Accuracy of Analysts' Earnings Estimates
(2019-07-05)This thesis investigates consensus and individual analyst firm accuracy in forecasts of earnings per share (EPS) for U.S. stocks in 2009–2018. Moreover, we investigate if the analysts’ forecasting predictiveness is affected ... -
Effekten av information vid vinstvarningar - En studie på den svenska aktiemarknaden
(2019-07-05)This thesis investigates how the difference in information affects the firm’s stock prices when the firm announces a profit warning, based on the Swedish stock market during the period 2014-2018. The thesis uses a quantitative ... -
An Empirical Study of CAPM, the Fama-French three-factor and the Fama-French five-factor Model - A Study Performed on the Swedish Stock Market.
(2019-06-26)This thesis aims to add further research about the Fama-French five-factor model and its ability to explain average returns on the Swedish Stock Market. Additionally, the study also investigates and compares the performance ... -
The effects of Environmental, Social and Governance measures on the cross section of stock return, a compensation for risk or mispricing? Evidence from the Swedish stock market
(2018-08-31)There is a lack of uniformity throughout the literature regarding the effects of socially responsible investing. By implementing a Fama-MacBeth style regression with the Fama French three factors and the momentum factor, ... -
ETF OWNERSHIP AND THE VOLATILITY OF U.S. STOCKS
(2018-07-16)This thesis explores the effect ownership by exchange traded funds have on the volatility of their underlying securities. We build upon the research conducted by Ben-David, Franzoni and Moussawi (2017a) and first replicate ...