15 uppsatser
En studie med facit i hand
The market risk premium is one of the most important parameters in finance. Its value and the ways to calculate a risk premium for the market is a widely debated subject. This thesis examines numerous ways of calculating a risk premium for the Swedish market with regard to how …
… The contractsused are electricity forwards traded at the Nordic electricity market Nord Pool. Animbalance between buyers and sellers can lead to a situation where the forward price notequals the expected spot price. The difference between the forward price and the expectedspot …
En studie av marknadens implicita riskpremie i hög- och lågkonjunktur, samt hur den implicita kapitalkostnaden korrelerar med kapitalkostnaden enligt CAPM
… to CAPM. The low correlation implies that CAPM is not used for pricing the market.
Background: Operating on the stock market is associated with risks. If a particular asset is not traded with the same frequency as the average market asset, this particular asset is exposed to a liquidity risk. It means that the investor might not be able to sell the asset at a …
… for traded companies is basically assessed on information from thefinancial market. Small and non-traded companies are lack of this necessary financialmarket information in order to determine an appropriate equity risk premium and tocompute the cost of capital.In the absence of …
This paper studies the option market’s implied dividend as a predictor of future equity market returns. We introduce this variable in the simple total return framework and discuss some complications of using it as a proxy for the expected dividend. We construct some regressions …
Evidence from Forestry and Paper Industry
… is robust to some control variables (size, profitability, access to financial market, leverage, growth opportunities). We conclude that the hedging premium depends on the types of risks to which the firm is exposed.
… investigates the compensation for risk in the context of the Swedish stock market with a special focus on downside risk. Using daily market data collected from the A-list of the Stockholm Stock Exchange between the years 1983 and 2005 the purpose is to answer the question …
The long-term external financing of a corporation is satisfied through the bond market where issues of index-linked bonds, which are discussed in this thesis, is one alternative. (Finnerty&Emery 2001) An index- linked bond is a debt instrument where the investor is guaranteed …
Vilka förutsättningar finns för en LBO av Cloetta Fazer AB?
… number of LBOs in Sweden has increased during the last years and the current market trend is positive. MostLBOs involves private companies, but a few concerns public corporations on the national share market. In this thesis we will examine the conditions of a LBO of Cloetta …
… be used for a real investor to make risk free gains from the Foreign Exchange market.
… in direct contrast to general consensus in terms of the development of the market risk premium during 2008. Earnings management, which can include management not providing the market with important information, is one of the theories that has been used to explain the behavior of …
en empirisk analys
… related to spreads with shorter maturities. Interest rate volatility, stock-market movements and exchange rate movements appear to have no impact on Swedish swap spreads.
En analytisk studie av premiepensionsspararnas avsaknad av strategier för fondval
… five for each individual. For persons who are not familiar with the financial market, the choice might be difficult. The lions? part of the investors do not seem to have an active strategy. Are the reasons for that the complexity of the system or which factors do influence the …
En explorativ studie av riskpremien för <em>Electricity Price Area Differentials (EPADs)</em>
Uppsatsens explorativa syfte är att utforska samt beskriva riskpremiens storlek och utveckling för de EPADs som handlas för olika elprisområden på den nordiska elmarknaden. Riskpremien har definierats enligt de prissättningsteorier som ursprungligen formulerats av Fama & French …
