Graduate School: Recent submissions
Visas titlar 261-280 av 1955
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Return of the SPAC
(2021-06-30)Past empirical research on Special Purpose Acquisition Companies has demonstrated long-term negative returns following the merger due to the flawed structure, mainly attributed to incomplete information. This paper examines ... -
Enhanced Risk-Adjusted Returns Through Momentum Adaptations - Analysis on Momentum Strategies in the Nordic Stock Market
(2021-06-30)Momentum strategies where one buys past winners and sells past losers are one of the most persistent stock market anomalies, showcasing abnormal returns across different markets, asset classes and time periods. Nevertheless, ... -
Determinants of the Payment Methods in Mergers and Acquisitions
(2021-06-30)The aim of this thesis is to investigate the determinants of mergers and acquisitions method of payment in the US in the 2003-2019 period. The relationships between firm and deal characteristics as well as macroeconomic ... -
Q-factor Investment Approach: Evidence from the Swedish Equity Market
(2021-06-30)Four easily measured factors: market, size, investment, and pro tability together con- stitute the empirical q-factor model. The combination of factors have previously shown to largely capture the cross-sectional variation ... -
The impact of mandatory non-financial disclosure and ESG score on financial performance and firm-risk- An empirical study of the Nordic market
(2021-06-30)This research investigates the impact of mandatory non-financial disclosure and ESG score on financial performance and firm-risk using a panel of 278 Nordic companies covering the time period 2014-2019. Using a ... -
Board of Director ‘Skin in the Game’ and Firm Performance
(2021-06-30)This paper investigates the relationship between the non-executive directors’ ‘skin in the game’ and firm performance. How to best assure impartial corporate governance to limit the distance between shareholders and ... -
Overreaction in Bitcoin before and during COVID-19
(2021-06-30)In recent years, Bitcoin has attracted a lot of interest from the media, academics and investors, but there is still skepticism and a lack of knowledge about how this cryptocurrency performed in the years leading up to and ... -
- How Limited Partners define and evaluate risk in Private Equity
(2021-06-30)Limited Partners (LPs) have a limited liability in the Limited Partnership Agreement (LPA) when investing into Private Equity (PE). However, due to their limited liability, LPs face different risks and have to manage and ... -
Performance of Small- and Large-cap stock portfolios- The importance of market anomalies across business cycles
(2021-06-30)This Master´s thesis investigated the importance of the market anomalies size (market capitalization), value (Book-to-Market ratio) and momentum (lagged short-term momentum) for equity returns of small- and large-cap ... -
ESG INTEGRATION: ESG SCORE MOMENTUM FACTOR AS ASSET CHARACTERISTIC AND OPTIMAL PARAMETRIC PORTFOLIO - AN EMPIRICAL RESULT OF THE US STOCK MARKET.
(2021-06-30)Sustainable finance has become the rising concern of the global markets. The term ESG investment has been discussed in many international forums. The number of ESG investment assets and ESG investment products is increasing ... -
Are ESG investments a sustainable investing strategy?
(2021-06-30)Sustainable investments are rapidly growing, and screening of Environmental, Social, and Governance (ESG) scores is a popular method to assess sustainable companies. With the increased usage of this method, the question ... -
The impact of ESG during COVID-19- A quantitative study targeting ESG and stock returns on the Swedish stock market during COVID-19 Adem
(2021-06-30)In this thesis, we study whether ESG has a positive effect on stock performance during COVID- 19, based on a sample of 153 listed firms in the Swedish stock market. We follow a Best-in- Class ESG screening strategy and ... -
Post-MiFID II: Dark Pool Bans and Regulatory E ects on Lit Market Quality
(2021-06-30)Over recent years, increasing popularity of non-transparent trading venues known as dark pools have spurred widespread controversy and debate; in particular regarding their impact on lit market conditions. Following ... -
The announcement effect of green bond issuers on their listed share price
(2021-06-30)In a low carbon economy transition, Green bond market represents one of the main tools to switch towards an ESG investment approach. This study focuses its attention on the Green Bond market in Europe, in particular it ... -
Wealth effects associated with spin-offs: Empirical evidence from the Nordics
(2021-06-30)This study focuses on the abnormal returns associated with spin-offs in the Nordics. The sample consists of 84 completed spin-offs between 2000 and 2020. Similar to the vast majority of previous studies, a significant ... -
DO GENDER QUOTAS PRODUCE SPILLOVER EFFECTS? EMPIRICAL EVIDENCE FROM ITALIAN MUNICIPALITIES
(2021-06-30)This paper analyses the spillover effects of gender quotas on women's involvement in politics and the labour market. It uses a rich data set that provides information on all the Italian municipalities characteristics and ... -
Markups in the Chinese Economy - And the difference between State-Owned Enterprises and Private Publicly Listed Firms
(2021-06-30)The paper examines the markup levels in the Chinese economy to estimate the level of competition present in the economy and the differences between publicly listed firms and the state-owned enterprises. The markups are ... -
Targeting the Poor Secondary Students for Stipend: Identifying the Gap between Policy and Implementation
(2021-06-30)Well-designed and efficient poverty-based targeting methods are necessary for effectively identifying the poor households in poverty eradicating programs. This study investigates the ex-post implementation process and ... -
The Effect of Credit Rating Announcements on the GICS Market Sectors
(2021-06-30)The purpose of this paper is to test the effect on the GICS sectors stock returns found on the S&P 500 from credit rating announcements provided by Standard & Poor’s and Moody’s through an event study spanning from 2000 ... -
Common risk factors in the cross-section of cryptocurrency returns An empirical study on different types of cryptocurrency anomalies: size, momentum, volatility and trend
(2021-06-30)This paper identifies three common risk factors in the returns on cryptocurrencies. The three common risk factors are the market factor, size factor, and momentum factor. Investigating a collection of 461 cryptocurrencies, ...