Browsing Kandidatuppsatser i finansiell ekonomi by Title
Now showing items 136-155 of 160
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Testing the Adaptive Market Hypothesis on the Swedish Stock Market - Empirical evidence between 1990-2019
(2023-06-29)This study examines if the adaptive market hypothesis holds for the Swedish stock market between 1990 and 2019. We use Affärsvärldens Generalindex and test for time-varying return predictability by implementing a variance ... -
The Carry Trade: From 1990 to 2020
(2020-06-30)This thesis examines the carry trade movements from 1990 to 2020. The purpose is to evaluate how an actively managed carry trade has behaved during different market conditions. There are two carry portfolios constructed, ... -
The determinants of capital structure- In the light of a financial crisis
(2020-07-06)This thesis investigates how the 2008 financial crisis affected the determinants of capital structure of Real Estate Investment Trusts. The crisis brought both regulatory and behavioral changes and we examined how these ... -
The Effect of Bond Convexity in Abnormal Volatility
(2016-07-06)According to earlier empirical studies, convexity in the U.S. treasury market is arbitrage-free priced. This paper study whether the arbitrage-free pricing of convexity held even in the financial crisis and the volatile ... -
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, ... -
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 ... -
The Impact of Interest Changes on Housing Prices
(2020-07-06)The study examines the relationship of interest rates and housing prices. It does so for Sweden as a nation as well as the cities Stockholm and Gothenburg. The interaction of housing prices and interest rates is examined ... -
The influence of EPS and DPS on share price movements in Nordic tenbaggers
(2021-06-28)This study investigates the influence of earnings per share (EPS) and dividend per share (DPS) on the share price movements of tenbaggers in the Nordic region. The term tenbagger was first coined by the famous investor ... -
The Relationship Between Environmental, Social and Governance Factors and Firm Performance. A Study Performed on the Swedish Stock Market
(2018-07-05)This thesis investigates the relationship between environmental, social and governance (ESG) factors and firm performance on the Swedish stock market over the years 2013-2017. Using the traditional Carhart’s four-factor ... -
Underpricing and actual return in IPOs
(2017-08-18)In IPOs, both the firm and its underwriter might have incentives to underprice the shares. This has caused a perception that investing in IPOs is an easy way to achieve abnormal returns. According to an article published ... -
Underpricing and short-term returns - An empirical study on Initial public offerings in the Nordics
(2023-07-03)The study examines the effect underpricing has on short-term returns for 291 Initial public offerings in Denmark, Finland, Norway and Sweden. To test for this, two different OLS-regressions have been developed with ... -
UNDERPRICING IN COLD AND HOT ISSUE MARKETS: Testing the Changing Risk Composition Hypothesis on the Swedish IPO Market.
(2017-06-30)This paper aims to investigate the difference in average first-day return on initial public offerings (IPOs) between the “cold issue” market of 2010-2013 and the “hot issue” market of 2014-2016 on the Swedish IPO market. ... -
Underpricing of Venture Capital-Backed IPOs
(2020-06-29)This thesis researched the effect of Venture Capital ownership on underpricing in IPOs. We conducted OLS-regressions on two data samples consisting of IPOs in the Nordics between 2009 and 2019. Two samples were collected, ... -
Unlocking Value from Within Exploring Ownership’s Impact on Discounts to Net Asset Values in the Swedish Real estate market
(2023-07-10)In recent times, the economy has undergone a rapid transformation, characterized by a notable increase in interest rates. As a consequence, real estate firms have been particularly impacted by these changes. This paper ... -
Using sentiment analysis on Reddit to predict stock returns
(2022-07-01)This thesis explores if sentiment analysis can be utilized to predict meme stock returns by analyzing social media activity on the Reddit forum WallStreetBets. We further look at how meme stocks differ from non-meme stocks ... -
The value of a good deed; ESG-scores and returns in the Nordic stock markets
(2023-11-07)This paper seeks to answer which effect ESG-scores have on risk-adjusted returns for stocks listed on Nordic stock markets. To answer this, we create five null hypotheses and use unequal variance t-tests to determine if ... -
Värderingsmetodernas relevans i omstruktureringen mot hållbarhet på den svenska fondmarknaden
(2022-07-11)The relevance of valuation methods in the restructuring towards sustainability in the Swedish equity fund market. What analysis methods do Swedish fund managers use and what influences their investment decisions when ... -
VC Investment Decisions: Hunches, Metrics, or Coin Flips?
(2023-06-30)Venture capitalists (VCs) face a complex decision-making process when selecting startups to invest in. This qualitative single case study aims to highlight the factors VCs take into account and how their decisions vary ... -
Venture Capital-backing pre-IPO and Long-run Stock Performance
(2021-06-22)This study aims to examine the effects that venture capital-backing has on companies that recently went public. The study examines three specific parts; a general stock return increasing signal of venture capital-backing, ... -
Volatility Forecasting - A comparative study of different forecasting models.
(2023-06-29)This study evaluates the out-of-sample forecasting performance of different volatility mod- els. When applied to XACT OMXS30, we use GARCH(1,1), EGARCH(1,1), and t- GAS(1,1) to forecast squared daily returns while Realized ...