Essays about: "winner s curse"

Showing result 1 - 5 of 6 essays containing the words winner s curse.

  1. 1. Abnormal returns for IPOs on the Swedish stock exchange

    University essay from

    Author : Björn Landelius; David Molin; [2021-06-28]
    Keywords : IPO; Underpricing; Event Study; Multivariate Regression; Efficient Market Hypothesis; Winner s Curse;

    Abstract : We examine the occurrence of underpricing and short-term performance of a sample of 216 Swedish IPOs between 2017-2021. The theories used are the Efficient Market Hypothesis, Underpricing, Information asymmetry which contains both the Principal Agent Theory and the Signaling Theory, and beyond that, the Winner’s curse. READ MORE

  3. 2. Football franchise pricing – Finding the right valuation method while factoring in potential investment motivations

    University essay from Göteborgs universitet/Graduate School

    Author : Yan Felten; [2018-07-04]
    Keywords : Sport economy; Sport finance; Football economy; Football club valuation; Value drivers; Intrinsic value; Relative valuation; Price index; Investment motivation; Pricing rationales;

    Abstract : Sports franchises are mostly privately held businesses whose financial data does generally not match the quality standards of conventional businesses as they are not subject to audit and other accounting regulations. In this context, it remains unclear how investors proceed in order to find reliable franchise value estimates since a valuation method standard has yet to be established in this field. READ MORE

  4. 3. Underpricing and actual return in IPOs

    University essay from

    Author : Gustav Lundberg; Leon Nagy; [2017-08-18]
    Keywords : ;

    Abstract : In IPOs, both the firm and its underwriter might have incentives to underprice the shares. This has caused a perception that investing in IPOs is an easy way to achieve abnormal returns. READ MORE

  5. 4. Do IPOs create profitable opportunities for retail investors? : a quantitative study on the Nordic markets

    University essay from Företagsekonomi

    Author : Mohamed Shihab; Fredrik Bubere; [2012]
    Keywords : ;

    Abstract : The purpose of this study was to investigate if retail investors have profitable opportunities in the Nordic markets. We want to contribute with up-to-date research to help retail investors make a better investment choice in the Nordic markets. READ MORE

  6. 5. Is Operating Cash Flow a Contributing Factor to IPO Underpricing? - A Study of all IPOs conducted on the Stockholm Stock Exchange from 1995-2010

    University essay from Göteborgs universitet/Företagsekonomiska institutionen

    Author : Victor Bodin; Christian Samuelsson; [2010-06-30]
    Keywords : ;

    Abstract : Problem There is a substantial amount of research indicating that IPO underpricing exists. Consequently, researchers and market participants are spending vast amounts of time with the intention of identifying the underlying reasons for the existence of underpricing. READ MORE