Essays about: "Long-run abnormal returns"

Showing result 1 - 5 of 35 essays containing the words Long-run abnormal returns.

  1. 1. The granddaddy of underreaction events: Post-earnings announcement drift and information noisiness on the Swedish market

    University essay from Handelshögskolan i Stockholm/Institutionen för redovisning och finansiering

    Author : Sofia Berlin; Gustav Sandelin; [2023]
    Keywords : Post-earnings announcement drift; market efficiency; earnings surprises; information noisiness; stock price synchronicity;

    Abstract : This paper aims to answer the question of whether there is an existence of post-earnings announcement drift on the Swedish stock market and to what extent it can be explained by information noisiness. A sample of publicly listed firms on the Swedish stock market from 2002 to 2019 is used and the research design includes four different approaches to estimating earnings surprises which is a crucial step in investigating PEAD. 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. Spinning Gold: Unraveling the Secrets of Value Creation from Spin-offs

    University essay from Handelshögskolan i Stockholm/Institutionen för marknadsföring och strategi

    Author : Andreas Groth; Fabian Bevanda; [2023]
    Keywords : Spin-Offs; Corporate Focus Hypothesis; Optimal Leverage Hypothesis;

    Abstract : This thesis explores the dynamics of value creation in American corporate spin-offs between 1995-2019 from the dual perspectives of the corporate focus and optimal leverage hypotheses. The research employs a comprehensive dataset of 164 cases, examining the impacts of spin-offs on long-term abnormal stock returns and both unadjusted and industry-adjusted operating performance. READ MORE

  5. 4. Does the bond market fully reflect the value of intangibles?

    University essay from Handelshögskolan i Stockholm/Institutionen för redovisning och finansiering

    Author : Anton Alm; Filippa Stridh; [2022]
    Keywords : Event study; Bonds; Intangibles; Human capital; Employee satisfaction;

    Abstract : This paper examines how the bond market reflects the value of an intangible, more specifically the value of employee satisfaction. Prior research has found support for a mispricing of information on employee satisfaction in the equity market. READ MORE

  6. 5. Long-term IPO performance on the Swedish stock market : An event study on Swedish Initial Public Offerings

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

    Author : Filip Lööf; Jakob Åkerlund; [2022]
    Keywords : Initial Public Offerings; IPO; Information asymmetry; Behavioral finance; Long-term performance; Abnormal returns;

    Abstract : Context The number of Initial Public Offerings on the Swedish market has increasedrapidly over the last decade, reporting over 100 IPOs only in 2021. Although theincrease has been extraordinary, the majority of the IPO performance researchhas been conducted on larger markets such as the US, Germany, and China. READ MORE