Essays about: "Efficient Market Hypothesis"

Showing result 1 - 5 of 164 essays containing the words Efficient Market Hypothesis.

  1. 1. Achieving higher returns with Piotroski’s F_Score model - An empirical study on the Swedish stock market

    University essay from Lunds universitet/Nationalekonomiska institutionen

    Author : Fabian Brandl Lopez; Viktor Börnfors; [2018]
    Keywords : F_Score; Fundamental investing; Value investing; Abnormal returns; Market efficiency; Business and Economics;

    Abstract : This thesis evaluates the success of a fundamental investing strategy on the Swedish stock market between 2004 and 2016. The main purpose is to examine if the F_Score system developed by Piotroski (2000) could be used to identify winners and losers during aforementioned time frame. READ MORE

  2. 2. High-Frequency Foreign Exchange Rate Behavior on the Arrival of Macroeconomic News - The Impact of Swedish and U.S. News on USD/SEK Returns

    University essay from Lunds universitet/Nationalekonomiska institutionen

    Author : Erik Hjort; [2018]
    Keywords : Macroeconomic News; Foreign Exchange Rate; High-Frequency Data; Expectations; Business and Economics;

    Abstract : This paper studies the high-frequency behavior of the USD/SEK currency pair on the arrival of macroeconomic news emanating from Sweden and the United States. By using exchange rate data sampled at one minute-by-minute quotations and market expectations from the Bloomberg Terminal, the study finds systematic effects of news on exchange rate returns. READ MORE

  3. 3. Presidential election uncertainty and market reaction

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Dongxue Zou; [2018]
    Keywords : presidential election; market efficiency; asset pricing; event study;

    Abstract : Uncertainty Information Hypothesis and Efficient Market Hypothesis suggest that asset prices will react to the uncertain US presidential election outcomes, in terms of both overall market level and individual companies/industries. This paper uses the event study framework to test such effect and finds mixed results. READ MORE

  4. 4. Stock Price Reactions to Negative Profit Warnings : An Event Study

    University essay from Linnéuniversitetet/Institutionen för ekonomistyrning och logistik (ELO); Linnéuniversitetet/Institutionen för ekonomistyrning och logistik (ELO)

    Author : Albin Johansson; Nermin Duracak; [2018]
    Keywords : Profit warning; Efficient Market Hypothesis; Behavioural Finance; Event Study;

    Abstract : The aim of this study is to investigate if individuals reacts rational to the announcement of negative profit warnings in the Swedish stock market. This is done by using an event study approach, investigating the corresponding abnormal returns and cumulative abnormal returns before, during, and after the announcement. READ MORE

  5. 5. The Effect of Open-end Index Revisions - A study of market efficiency on the Swedish Stock Exchange

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Ramil Koria; Johan Karlsson; [2018]
    Keywords : Event study; Abnormal return; Market efficiency; OMX Stockholm Benchmark Index;

    Abstract : This study acknowledges the Swedish stock exchange's alignment with the efficient market hypothesis by analysing the change of constituents of the open-end OMX Stockholm Benchmark Index through an event study. We find evidence of abnormal return at the date of announcement for inclusions and exclusions. READ MORE