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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 forward price and the expectedspot price is referred to as the market risk premium. This is the extra premium that marketparticipants are willing to pay to offset risk. Vattenfall’s production portfolio is one of thelargest in the Nordic region and the lack of liquidity at …
an empirical application on Swedish data
… importance which can explain the low particiapation rate. A higher perceived risk in organic farming with respect to yield and price is frequently brought up as a potential explanation within a qualitative framework. If farm income risk is higher in organic farming than …
En studie om premiepensionsvalet
… has a quantitative character. Furthermore three active portfolios in different risk categories have been chosen. These portfolios are compared with the AP7 Premium Savings Fund’s returns. The thesis is deductive because it is using existing financial theories to do empirical …
En studie av marknadens implicita riskpremie i hög- och lågkonjunktur, samt hur den implicita kapitalkostnaden korrelerar med kapitalkostnaden enligt CAPM
… Capital Asset Pricing Model. Previous studies are in conflict of whether the risk premium changes considerably over time or not. Furthermore, the risk premium estimated by CAPM tends to be fairly stable. In this study, reverse engineering of the cost of capital implied by …
… that the theory’s shortcomings can be explained through the existence of a Risk Premium. The purpose of this study is thus to examine whether or not such a premium exists and analyse if it is possible to explain the limitations of the parity with the aid of specific factors. The …
teori och empiri
… sammanställer en del av litteraturdiskussionen som finns på området samt empiriskt testar C-CAPM på svensk data. Fenomenet equity premium puzzle innebär att överavkastningen på aktier är så stor att det inte stämmer med den ekonomiska teorin. Enligt teorin beror C-CAPMs …
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 …
… financialmarket information in order to determine an appropriate equity risk premium and tocompute the cost of capital.In the absence of financial information necessary for an external investor, it is difficult toevaluate a non-traded company with the Capital Asset Pricing model …
… seek to answer if airlines can affect their probability to default by using Risk Management. During the period 2003 ? 2006 there existed a value premium for airlines that hedged their expected future consumption of jet fuel. This premium has, over the 4 year period, on average …
Evidence from Forestry and Paper Industry
… rate and exchange rate. However, there is no clear support for value-added risk management hypothesis in the case of producers of commodities. Moreover, according to Shrand and Unal (1997), there are two types of risks, core business risks (or core risk) and homogeneous risks …
… about long-horizon forecastability. We also find that traditional proxies of risk premium (volatility risk premium, credit spreads and interest rate term-spread) improve the explanatory power of implied dividend growth, and that they have very high explanatory power themselves.
This paper 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 …
… this implies that the issuer of an index-linked bond assumes an inflation risk. Purpose: The purpose of this thesis is to describe and examine corporate motives for choosing index-linked bonds as way of financing their business. Realization: Primary data was collected through …
ger ett aktivt val en högre pension?
… beräkningar som har gjorts. Beräkningarna bygger på hårddata, i form av historiska fondvärden, och studien är därmed kvantitativ. Tidigare undersökningar och beräkningar används för att styrka uppsatsen, som i och med detta är en sekundäranalys. Den placeringsstrategi som visade …
