Essays about: "determinant of stock return"

Showing result 1 - 5 of 7 essays containing the words determinant of stock return.

  1. 1. Patience, a New Variable in the IPO-Puzzle? : A quantitative study on whether an early IPO negatively affects aftermarket performance

    University essay from Umeå universitet/Företagsekonomi

    Author : Viktor Hansson; Viktor Renström; [2022]
    Keywords : Initial Public Offering; Sweden; Aftermarket Performance; BHAR; Monthly Abnormal Return; Private Equity; Long-run Event Study;

    Abstract : The Swedish market has over the past couple of years seen a large increase in companies going public through an IPO. At the same time the capital on the private equity market is increasing for each year which enables companies to stay private longer. Our research focuses on two main areas. READ MORE

  3. 2. The long-term effects of CAPEX, R&D and acquisition expenditure on stock returns

    University essay from Göteborgs universitet/Graduate School

    Author : Oskar Berglund; Mattias Ivermark; [2018-07-04]
    Keywords : R D; CAPEX; Acquisitions; Fama-French; Four factor model; Stock returns;

    Abstract : We regress R&D expenditures, CAPEX and the cash-flow of acquisition on a quarterly basis on the stock market excess return of stocks included in the Russel 3000 index. Acquisitions are statistically significant in a model which includes the current and the lagged period as a part of a composite model with R&D and CAPEX. READ MORE

  4. 3. Novel insights into stock returns of the US pharmaceutical industry - An exploration of factors predicting success

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Richard Ågren; Mikael Kozyra; [2016]
    Keywords : pharmaceutical industry; stock return; research and development; firm characteristics;

    Abstract : The pharmaceutical industry comprises companies researching, developing and producing pharmaceutical drugs. The industry differs in many aspects from other sectors due to high reliability on investments in research and development (R&D). Innovation is thus a key feature of the industry and the driving force of success and determinant of growth. READ MORE

  5. 4. Asset Allocation and a Low Interest Rate Environment

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Filip Holmström; William Lundgren; [2015]
    Keywords : Aggregated mutual fund flows; Risk-shifting; Search for yield; Monetary policy; Risk-taking channel;

    Abstract : This study analyses the effect of an expansionary monetary policy on risk-taking of investors in Sweden. By studying net money flows to mutual funds in Sweden we aim to provide an explanation to what variables affect investors' asset allocation decisions and how asset allocation changes in a low interest rate environment. READ MORE

  6. 5. Two sides of the same coin?

    University essay from Lunds universitet/Företagsekonomiska institutionen

    Author : Anton Hansson; Theodor Östlund; [2015]
    Keywords : Mergers; Acquisitions; Event Study; BHAR; ROA; Operating Performance; Regression analysis; Business and Economics;

    Abstract : Purpose: This study’s purpose is to study the long term effects of M&A and to examine whether stock price is the only determinant of post-merger performance or if operating performance can be used as an additional determinant. How underlying variables impact these measures are also part of this study´s purpose. READ MORE