42 uppsatser · sida 1 av 3
En utopi eller en hållbar investeringsstrategi?
… issue with different angles has been whether stockrecommendations generate abnormal returns or not? Earlier research on this issue havehowever mostly been based on the American stock market. According to us, not enoughnational research has been done on whether stock …
This study aims at examining if abnormal returns have existed on theSwedish stock market surrounding the ex-dividend period between the years2002 and 2006. The ex-dividend period that is studied is the ex-dividend dayplus the following five days. The stocks that have been …
… concerning a company is instantly reflected in its stock price, implying that abnormal stock returns cannot be systematically achieved in an efficient market. The purpose of this study is to examine the occurrence of abnormal stock returns following trading halts on the …
En jämförande studie mellan Sverige och Kina
… effect. The problem formulation takes the following approach: Is there abnormal returns at the announcement of share repurchases in the Stockholm stock exchange and the Hong Kong stock exchange. The following sub questions will further be explored: Are there differences between …
Ett mått på andelen privat information i förhållande till publik information
… stocks, where individual participants regularly have the possibility to earn abnormal returns at the expense of others. Although Sweden, Germany and the United States continually keep developing the insider trading regulation, research shows that insiders? still have the ability …
En eventstudie av sambandet mellan personalnedskärningar och aktiepriser under perioden 2008-2012
Purpose: The purpose of this thesis is to investigate whether abnormal stock returns could be identified as a result of a layoff announcement during weak economy. Method: An event study methodology. Theory: Efficient market hypothesis, signal theory. Empirical results …
The purpose of the study is to investigate whether insiders generate an abnormal return compared with other investors on the Swedish Stock Market. This abnormal return is defined as the cumulative average abnormal return (CAAR). The other purpose is to investigate whether it …
The purpose of our study is to find out if insiders in Sweden generate abnormal earnings through insider trades. We want to pinpoint the cause for abnormal earnings by dividing transactions after company market value, size of the trade and type of insider. A quantitative …
En eventstudie om riksdagsvalens effekter på Stockholmsbörsen
… conclusions: The conclusion of the analysis is that there was a significant abnormal return at the time of the general elections of 2002 and 2006, and that it was negative for both years. The deviation of the abnormal returns was smaller at the time of the general election in …
… of a suggestion regarding issuance of special dividends or redemptions. The abnormal returns were estimated for two samples with the market adjusted returns model, one including special dividend announcing firms and the other redemption announcing firms. The signalling …
En event study på publiceringen av bolagsstyrningsrapporter enligt Svensk kod för bolagsstyrning
… whole sample of companies. Companies publishing audited reports found positive Abnormal Returns, but without significance. Negative abnormal returns were found on the 1% significance-level for companies not presenting audited reports. No significant results were found for the …
En eventstudie om kursutvecklingen vid offentliggörandet av ett förvärv
… research whether an announcement of an acquisition generates positive/negative abnormal short-term return towards the buying company’s shareholders. The secondary purpose is to research whether any differences could be due to selected factors: firm size and industry. Method: The …
En studie av aktierekommendationers kurspåverkan över tid
… made by journalists generate returns above the expected returns, hence abnormal returns. Further we examine the hypothesis that the market should be more efficient today. The study contrasts the periods 1991-1995 and 2003-2007. The results conclude that stock recommendations …
Ett ex ante test för de svenska, amerikanska samt japansk aktiemarknaderna
… the stock market is not fully efficient andthat it is possible to generate abnormal return is Benjamin Graham. Graham isone of the legends on Wall Street and he has shown that by using few variablesbased on public information, one can manage to beat the market over longer …
En utvärdering av en portföljvalsstrategi på Stockholmsbörsen mellan 2004 och 2012
… Pricing Model (CAPM), followed by a regression analysis to see if possible abnormal returns could be considered to be statistically significant for the examined time period. The results of our study indicate that the P/E effect is not present on the Swedish Stock Exchange during …
