This study explores whether environmental, social and governance (ESG) issues affect the monetary value of a company.The samples used in this study have been taken from the Johannesburg Stock Exchange (JSE) in South Africa. Since 2010, JSE have been categorizing companies using the King Code III criteria to establish a Socially Responsible Investment index (SRI index). Companies that fulfill the required number of criteria are classified as 'best performers' using the SRI index.  In this study the monetary value of a random sample of 'best performers' has been compared to the monetary value of a random sample of companies without an SRI index evaluation.This study found that companies without a SRI index have a higher unique risk, which means a lower stock price with a higher Dividend yield. Companies with an SRI index evaluation have a lower unique risk, which means a higher stock price and lower Dividend yield. In conclusion, this study shows that SRI adjusted companies have an enhanced monetary value in comparison to non- SRI adjusted companies..

Background: In newspaper articles, we can nowadays read headlines as"Stop the robbing!"and"They pay extra tax through rent". A column in Göteborgsposten describes enormous amounts of money, pouring between municipal companies. Numerous of local newspapers have started to pay attention to their municipal companies and the transfer of profits from municipal housing enterprises and electric power companies. What are upsetting these journalists then? Both Hyresgästföreningen (The Swedish tenants? association) and Boverket (The Swedish National Housing Board) indicate that the fiscal purpose of transactions within the group no longer is primary for municipalities.

This thesis will through the use of various approaches determine the key drivers for Dividend payouts for A-listed Swedish firm. The time frame reaches from 1997 to 2003 an the thesis covers 48 companies..

This thesis is developed by Posten Åland AB in order to simplify the work of agency staff when distributing mail in rural areas. In my thesis I have developed an application to help automotive mail dispensers. The need for such an application exists, especially during the summer but at other times when ordinary Dividend cannot run his route. With the help of a PDA and a GPS the mail dispenser should see where the next stop is and what is to be delivered thereThere already was a directory of mailboxes and the addressees and the coordinates of the mailboxes. Using this, I will implement functionality to retrieve a specific route and plot those coordinates on the map..

The recent turbulence in the financial markets has contributed to the banks becoming more restrictive to lend to real estate financing. Deleveraging in Europe's banking sector has also contributed to banks reducing their leverage and increasing capital adequacy to meet the new requirements. Loan-to-value ratios in real estate loans have fallen while banks' interest margins have increased, which has made property investors to look for alternative sources of funding in the capital markets. The two most interesting forms of financing for real estate right now is bonds and preferred shares as they fit property companies that generate stable and predictable cash flows. A bond is an interest-bearing debenture certifying that the purchaser has lent money to the company that issued the bond.

Purpose: The purpose of this essay is to apply "Discount Dividend model" and "Discounted Cash Flow model" in reality during periods of economic boom alternatively recession.Method: A quantitative research method as well as secondary data and data collection method is used. This data consists of the company?s annual reports. Totally, 20 companies of different sizes under diverse economic conditions are involved in this data.Conclusion: After reviewing the companies? calculations, it is noted that the both models that are used reflect better stock-exchange rate during an economic recession..

Uppsatsen undersöker om det finns ett samband mellan företags aktieutdelningar och investeringsverksamhet. Urvalet för studien är de 30 största företagen noterade på Nasdaq OMX Stockholm för perioden 2000-2012. Företagen har valts med hänsyn till börsvärde i syfte att utröna eventuella skillnader för företagsstorlek samt branschtillhörighet. Studien finner negativa signifikanta samband mellan utdelningsandelen och investeringsverksamheten för studiens små företag samt för företag inom industrisektorn..

Syfte: Vi ämnar med uppsatsen att undersöka om det råder en skillnad i avkastning mellan portföljer indelade efter kriterier som kännetecknar värde samt tillväxtaktier. Studien genomförs specifikt på svenska marknaden och portföljernas avkastning skall utvärderas utifrån en årlig buy and hold strategi. Vi ämnar även utvärdera om något av urvalskriterierna (Price to book, Price to earnings och Dividend yield) i de polära strategierna är mer framgångsrikt än de andra under perioden 1996 till 2007 ochvilken/vilka faktorer som kan vara avgörande för framgången..

BakgrundAntalet svenskar som sparar i aktier har på 20 år mer än fördubblats. Värderingsmetoderna har genom tiderna förändrats. Kassaflödesvärdering dominerar för tillfället tillvägagångssätten att värdera företag/aktier. Det debatteras huruvida kassaflödesvärdering är en pålitlig metod eller ej. Det finns flera kassaflödesmodeller att välja bland.

Syftet med uppsatsen är att jämföra utdelning mellan olika företag i samma bransch på Stockholmsbörsen. Vi vill studera om det är möjligt att härleda företags utdelning till vilken bransch de befinner sig i. Genom att studera korrelationen mellan utdelning och branschtillhörighet studerar vi sambandet mellan dessa variabler. Genom vår regressionsanalys har vi har kunnat påvisa ett samband mellan utdelning och branschtillhörighet för ett flertal branscher under de undersökta åren. Samtidigt ger regressionen en svag förklaringsgrad, vilket tyder på att det finns ytterliggare faktorer som påverkar utdelningen..

Since 1928 the Swedish accounting and taxation has been closely linked by law which today as the European Union works with its harmonisation of the European accounting systems brings up difficulties. The Union strives to integrate the countries different ways of accounting in order to make it easier to use and understand foreign information. The Swedish connection between accounting and taxation means that a harmonisation would change the whole system as its known today. The purpose with this study is to examine what the link between the two means and how a decoupling would affect Swedish accounting and auditing. We also want to examine how the Swedish taxation office, who currently uses the accounting as a ground for taxation, could guarantee the quality of the declaration without a proper underpinning. The study shows that a decoupling could lead to an increase in quality on swedish accounting and that the administration would become more difficult to handle. The risk of Dividend of untaxed profits is not seen as a problem in this context.

Since 1928 the Swedish accounting and taxation has been closely linked by law which today as the European Union works with its harmonisation of the European accounting systems brings up difficulties. The Union strives to integrate the countries different ways of accounting in order to make it easier to use and understand foreign information. The Swedish connection between accounting and taxation means that a harmonisation would change the whole system as its known today. The purpose with this study is to examine what the link between the two means and how a decoupling would affect Swedish accounting and auditing. We also want to examine how the Swedish taxation office, who currently uses the accounting as a ground for taxation, could guarantee the quality of the declaration without a proper underpinning. The study shows that a decoupling could lead to an increase in quality on swedish accounting and that the administration would become more difficult to handle. The risk of Dividend of untaxed profits is not seen as a problem in this context.

Since 1928 the Swedish accounting and taxation has been closely linked by law which today as the European Union works with its harmonisation of the European accounting systems brings up difficulties. The Union strives to integrate the countries different ways of accounting in order to make it easier to use and understand foreign information. The Swedish connection between accounting and taxation means that a harmonisation would change the whole system as its known today. The purpose with this study is to examine what the link between the two means and how a decoupling would affect Swedish accounting and auditing. We also want to examine how the Swedish taxation office, who currently uses the accounting as a ground for taxation, could guarantee the quality of the declaration without a proper underpinning. The study shows that a decoupling could lead to an increase in quality on swedish accounting and that the administration would become more difficult to handle. The risk of Dividend of untaxed profits is not seen as a problem in this context.

Common wisdom dictates that because payment of Dividends decreases funds available for investment, a high payout ratio is to be associated with low earnings growth. This notion has been challenged in recent years by empirical research that has found a positive relationship between payout ratio and future earnings growth, both on the aggregated market level and the company level in different countries. This study investigated the aforementioned relationship on the Swedish market by statistically analyzing future earnings growth as a function of payout ratio on a large sample of publicly listed companies over the period 1980 to 2011. The results are in line with those found in previous research and indicate that companies with high Dividend payout ratio tend to experience strong future earnings growth. The results are robust to the presence of mean reversion, the use of an alternative accounting measure of earnings, non-symmetrical earnings growth cycles and alternative practices for dealing with outliers..

Följande studie analyserar utdelningspolitiken hos familjeföretag under åren 2004-2014. Studien är uppdelad i två steg. Första steget syftar till att svara på frågan om familjeföretag har en högre utdelningsnivå än icke-familjeföretag. Steg två undersöker huruvida ett aktivt ägande påverkar utdelningarna hos familjeföretag. Studien baseras på en totalundersökning av företag som under våren 2015 var noterade på Nasdaq OMX Stockholms Large-, Mid- och Small-Cap.