Graduate School: Recent submissions
Now showing items 141-160 of 1955
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Master’s Thesis in Finance Short-term SPAC Performance- Empirical Evidence on Pre-merger SPAC Performance
(2022-06-29)The paper aims to shed light on the topic surrounding short-term SPAC performance. The primary focus is on whether two of the most prominent events in a SPACs lifecycle, merger announcement and merger completion, show ... -
Hedging inflation in Sweden- An analysis of gold, stocks, and real estates inflation hedging capability.
(2022-06-29)The recent increase in inflation has made the discussion of inflation hedging a top priority for academics, portfolio managers and investors. In this study, we analyse which asset class out of gold, stocks, and real ... -
Navigating in the ESG score jungle- A cross-sectional approach to determine the ESG risk factor
(2022-06-29)This thesis examines the relationship between ESG scores and yearly excess return between 2010 and 2020 on the S&P 500 Index. With a solid theoretical background regarding investor preferences, we ask whether investors ... -
The benefits of optimized portfolios- An empirical comparison between optimized portfolios and benchmarks
(2022-06-29)Uncertainty about the future is an everlasting part of investing. This study aims at testing the historical performance out-of-sample for optimized portfolios and if the performance was superior to benchmarks. 11 different ... -
THE IMPACT OF POLITICAL RISK AND LOBBYING ON THE COST OF EQUITY CAPITAL
(2022-06-29)We research how political risk impact the cost of equity capital for individual firms. Using a new measure for political risk we are able to investigate this on a firm level. We hypothesize and find that there is a ... -
Forecasting monthly LME Copper returns
(2022-06-29)We evaluate if monthly LOCADY returns on the London Metal Exchange can be accurately predicted one, two and three months ahead. In total ten models are constructed using time-varying parameters and bandwidth optimization. ... -
Stock or Cash? Explaining the Payment Method Choice of M&As and the Effect on Performance on the European Developed Markets
(2022-06-29)We investigate what factors determine the choice of the payment method when choosing between payment of stocks or cash during an acquisition or merger. Furthermore, we examine how that choice of payment method affects ... -
Portfolio Performance Analysis: Combining Cryptocurrencies with Traditional Assets
(2022-06-29)This paper investigates the role of cryptocurrencies in enhancing the performance of portfolios constructed with traditional assets. Therefore, my thesis wants to ascertain if investors should consider adding cryptocurrencies ... -
Stockholm Stock Exchange and Environmental Rating – A Multifactor Analysis
(2022-06-29)The thesis investigates if investors can generate positive abnormal performance by investing in Environmental high-rated stocks on the Stockholm stock exchange based on three screening strategies; positive, negative and ... -
Factor Investing and ESG Integration in Regime-switching Models- An Empirical Study on ESG Factor Integration Using Infinite Hidden Markov Models
(2022-06-29)ESG investing is an active area of interest, both for the investment and academic communities. However, research is inconclusive on the financial benefits of integrating ESG factors in portfolio construction. In this ... -
THE (NON) IMPORTANCE OF CEO OWNERSHIP? AN AGENCY THEORETIC PERSPECTIVE ON M&A
(2022-06-29)For decades, corporate acquisitions and subsequent shareholder returns have been studied, only to yield ambivalent results at best. As global M&A volumes have recently reached multi-trillion dollar levels, understanding ... -
Empirical investigation on the performance of a feed-forward artificial neural network on the Nordic stock markets
(2022-06-29)In this paper, the authors have made an empirical investigation on the performance of a feed-forward artificial neural network (ANN) on the four main Nordic stock markets, Sweden, Norway, Denmark, and Finland. First, a ... -
Parametric portfolio policies with ESG -There is no cost
(2022-06-29)We propose an investment strategy with the potential for investors to gain a stronger environmental, social, and corporate governance (ESG) profile without a negative impact on performance. Specifically, we study the ... -
The Relationship Between Idiosyncratic Volatility and Portfolio Return within Swedish Stock Markets.
(2022-06-29)Main results suggest there is a statistically and economically significant positive relationship between idiosyncratic volatility and portfolio return within the Swedish stock markets. This relationship is detected despite ... -
Title: Does Bitcoin hedge inflation risk? A multivariate time series analysis
(2022-06-29)This thesis investigates whether Bitcoin can be considered a valuable hedge against inflation risk. The research examines the relationship between Bitcoin and inflation, the two variables' forecast ability, and how an ... -
High-Frequency Market Reactions to Unscheduled Stock-Speci c News- An Empirical Analysis of the Intraday Market Dynamics of the Stockholm Stock Exchange
(2022-06-29)This study examines the e ect of unscheduled stock-speci c news on stock char- acteristics of the Swedish stock market and evaluates the opportunity of con- structing a news trading strategy. It especially focuses on ... -
Good investments? An investigation into the shortand long-term returns on the Swedish MTFs.
(2022-06-29)Multilateral trading facilities (MTFs) are fairly new and rapidly growing secondary tier stock exchanges. This thesis investigate the short- and long-term stock returns for all companies which have ever listed on a Swedish ... -
Internal Carbon Pricing AN EXPLORATORY CASE STUDY ON THE IMPLEMENTATION OF AN INTERNAL CARBON PRICE IN A MULTINATIONAL ENTERPRISE
(2022-06-29)Climate change is often considered a market failure in the field of economics as the risks and costs are not reflected in the market price. Many scientists and actors in the field therefore argue that the cost must be ... -
Predicting bankruptcies in Swedish manufacturing firms A comparison between traditional statistical and machine learning methods
(2022-06-29)The purposeofthispaperistoexaminewhetherwecanpredictbankruptciesinSwedish industrial andmanufacturingSMEsbeforetheyoccur.Toconductthepredictionsweuse a traditionalstatisticalmodel,multiplediscriminantanalysis(MDA)andam ... -
Changing Work Pattern in Companies in the Context of Covid-19 Pandemic
(2022-06-28)This study is about investigation of the practices of two organisations/companies in terms of remote working within the context of the covid 19 pandemic. The study thus explored how the companies facilitated and enabled ...