Essays about: "BHAR"

Showing result 1 - 5 of 35 essays containing the word BHAR.

1. 1. Underpricing and short-term returns - An empirical study on Initial public offerings in the Nordics

   University essay from

   Author : Carl Viktorsson; Albin Västertun; [2023-07-03]
   Keywords : Initial public offering; Stock performance; Underpricing;

   Abstract : 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 Buy-and-hold abnormal returns (BHAR) as the dependent variable, and Market-adjusted abnormal returns (MAAR) as the variable of interest, accompanied by a few control variables. READ MORE

3. 2. Swedish Acquisitions With A Long-Term Perspective. Comparing the Performance of Single and Serial Acquirers.

   University essay from Lunds universitet/Nationalekonomiska institutionen

   Author : Fanny Aleksandra Hulmi; Alessia Lovato; [2023]
   Keywords : M A; acquisitions; serial acquirers; long-term performance; BHAR.; Business and Economics;

   Abstract : This study examines the long-term post-acquisition performance of acquirers, both serial and single, in Sweden within a time frame spanning from 2000 to 2022. The post-acquisition performance is evaluated using a long-term event study, employing the Buy-and-Hold Abnormal Returns (BHAR) methodology. READ MORE

4. 3. Unveiling Value Dynamics: A Comparative Analysis of Underpricing and Long-Term Performance Among PE-Backed, VC-Backed, and Non-Backed IPOs in the Swedish Market

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Markus Tingvall; Jing Ni; [2023]
   Keywords : Initial Public Offering; Private Equity; Venture Capital; Underpricing; Long-term performance;

   Abstract : This research investigates initial underpricing and subsequent long-term aftermarket performance of private equity-backed, venture capital-backed and non-backed initial public offerings (IPOs) in the Swedish market. With a sample of 401 IPOs from January 2011 to December 2021 on the Nasdaq Stockholm and Nordic Growth Market, the study delves into the distinctive firm and IPO characteristics of the three categories. READ MORE

5. 4. Unlocking Shareholder Value : A Study of Mergers and Acquisitions in Sweden

   University essay from Uppsala universitet/Företagsekonomiska institutionen

   Author : Adam Becker; Ludvig Engström; [2023]
   Keywords : mergers and acquisitions; event study; signalling theory; agency theory; strategic fit; cumulative abnormal returns; buy-and-hold abnormal returns; short-term stock performance; long-term stock performance;

   Abstract : This thesis examines whether mergers and acquisitions (M&A), ranging from 2009 to 2020, are value-generating for acquiring shareholders in the short-term and long-term of companies listed on the Stockholm Stock Exchange. A cohesive and integrated theoretical framework is formed in which six firm-specific and deal-specific variables are hypothesized to have varying impacts on both short- and long-term stock performance for acquiring shareholders. READ MORE

6. 5. Long-term performance and Method of Payment: A study of the Nordic Mergers and Acquisitions Market

   University essay from Lunds universitet/Företagsekonomiska institutionen

   Author : Jonathan Svensson; Zied Boudabbous; [2023]
   Keywords : M A; BHAR; Method of Payment; The Nordic Region; Financial Constraints.; Business and Economics;

   Abstract : Purpose: The purpose of this study is to test how Nordic acquirers perform post M&A deals and to what extent the Method of Payment affects this performance. An additional analysis is also conducted where the above is tested, conditional on the financial constraints of the acquirer. READ MORE