Essays about: "Claes Kilander"

Found 2 essays containing the words Claes Kilander.

1. 1. The Financialization and Maturation of Commodities Markets

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Claes Kilander; [2014]
   Keywords : Financialization; Commodity Investing; Index Investing;

   Abstract : In this paper I examine the fi nancialization of commodities since the financial crisis by looking at oil price correlation for a set of 24 non-energy commodities. I focus on the impact of index investing by classifying all commodities as either on-index or off -index, depending on their inclusion in a large commodity index. READ MORE

3. 2. Competitive effects of initial public offerings in Sweden

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Claes Kilander; Gustaf Matsson; [2012]
   Keywords : IPO; IPO underpricing; IPO stock return; competitive effects; industry effects;

   Abstract : In this paper we examine the competitive effects of initial public offerings (IPOs) in the Swedish financial markets and find that Swedish firms indeed show negative reactions to the IPOs of competing firms both in terms of stock returns and operating performance. We also attempt to explain the level of underperformance by employing two previously proven determinants of competitive IPO effects (leverage and non-financial advantages such as research intensity) but find that leverage does not explain the level of underperformance and that research intense firms experience a greater decline in operating income growth which is contrary to previous research. READ MORE