Browsing Kandidatuppsatser i finansiell ekonomi by Title
Now showing items 23-42 of 160
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Can Vice be Vindicated? Examining a potential value premium in vice stocks using Fama and MacBeth regressions - a comparison across three different factor models
(2018-07-12)In this paper, we examine a 30-year period to find whether vice (defined as operations in the alcohol, tobacco, gambling, adult services, and weapons and defense industries) plays a role in determining returns of individual ... -
CATASTROPHE BONDS - An investment analysis of their performance and diversification benefits
(2017-07-03)This thesis employs total return indices to investigate if catastrophe bonds are zero-beta assets and how they have performed compared to other assets. We conduct time series regressions and conclude that catastrophe bond ... -
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 ... -
Closing the value gap: An Empirical Analysis of Cevian Capital’s Activism in Europe
(2021-06-23)This paper analyses the short- and long-term impact of Cevian Capitals activist investments on 16 public companies in Europe during 2010-2019. Cevian Capital is the largest activist hedge fund in Europe and is characterized ... -
Corporate governance and financial institutions performance
(2023-06-30)The primary aim of this thesis was to examine the relationship between board independence and financial institutions performance, while also examining the moderation effect on the institutional factors of shareholder and ... -
Corporate Social Responsibility and the Equity Markets: A quantitative analysis
(2020-11-12)The purpose of this thesis is to examine the relationship between Corporate Social Responsibility (CSR) disclosure and equity prices in the financial markets. An event study combined with a textual analysis is used to ... -
Credit Spread Changes in the Euro Area - An Empirical Study of the Relationship Between Interest Rates and Credit Spreads in the Euro-denominated Corporate Bond Market
(2017-07-07)The behaviour of credit spreads is of importance for a wide array of stakeholders. We test the relationship between changes in risk-free interest rates and credit spreads in European bond market by running OLS regressions ... -
Cryptocurrency Spillover Effect on Non-Fungible Token Pricing
(2022-08-18)The thesis is designated to understand if the pricing of Non-Fungible Tokens (NFTs) is affected by the volatility present in the cryptocurrency market. NFTs are digital assets such as art, music, videos, and virtual property, ... -
Den eviga kampen mot penningtvätt
(2022-07-01)Penningtvätt är en form av ekonomisk brottslighet med förödande konsekvenser för både samhället och det finansiella systemet. Under de senaste åren har flera av Sveriges största banker varit involverade i penningtvättskandaler ... -
Den växande trenden kring hållbarhetsfonder och dess riskjusterade avkastning
(2022-07-01)Syftet med studien är att undersöka om det finns några skillnader i riskjusterad avkastning mellan indexfonder och ESG-fonder på den svenska fondmarknaden, samt om coronapandemin har påverkat fondtypernas riskjusterade ... -
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 ... -
Disclosure Requirements´Effect on Stock Returns of U.S. Listed Natural Resource Extraction Issuers
(2016-07-06)I examine the changes in firm value that oil, natural gas, and mining firms experience as a result of the implementation of the Cardin-Lugar Amendment into U.S. law. Using the traditional event study methodology I observe ... -
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 ... -
Do ESG investors pay a price for doing good - A matched pair analysis of the Swedish fund market.
(2022-07-11)In this thesis we examine the financial performance of Swedish mutual equity funds. We look at differences between sustainable, defined as ESG, and conventional funds. The financial performance is examined using the Capital ... -
Do the buy it?
(2024-02-05)An increasingly popular tool for firms seeking growth, is to merge with or acquire other firms. So popular that an entire industry of advisers has evolved to provide guidance in the mergers and acquisitions (M&A) process. ... -
Do two heads think better than one? Risk Differences in Gender and Team vs. Single Managed Mutual Equity Funds in Sweden
(2023-06-29)This empirical study examines whether team or single-managed mutual equity funds in the Swedish fund market are more risk-prone conditionally on the management structure during the last five years (2018-2022). Additionally, ... -
DOES BITCOIN MAKE SWEDES SHARP(E)? An empirical study of the effect on riskadjusted return when including Bitcoin in the average Swedish investor´s portfolio
(2018-07-05)Globalization causes domestic markets to become increasingly correlated, making it harder for investors to find instruments for diversification. Bitcoin is a cryptocurrency that has shown spectacular returns and drawn great ... -
Does capital structure affect the valuation of banks?
(2020-08-25)In this paper, we examine the capital structure and other factors affecting the valuation of U.S. banks. The study focuses on the largest publicly traded U.S banks in 2000-2019. To achieve the purpose, a quantitative method ... -
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 ...