Essays about: "Abnormal Liquidity"

Showing result 16 - 20 of 28 essays containing the words Abnormal Liquidity.

  1. 16. Post- Credit Announcement Drift- An Empirical Assessment of Credit Rating Announcements and Their Influence on the US Equity Market

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

    Author : Ebba Lilliehöök; Oliver Peldius; [2015]
    Keywords : Post-Credit Announcement Drift; Market Efficiency; Abnormal Returns; Credit Rating Changes; Credit Rating Agencies;

    Abstract : The aim of this study is twofold; (i) to investigate whether credit rating announcements result in a drift in stock prices on the US equity market and, if proven, (ii) how the drift is affected by firm size and the presence of extreme credit rating announcements. Using a sample of 2 922 credit rating announcements, this study examines the long-run stock performance subsequent to credit rating announcements, i. READ MORE

  3. 17. Private Benefits of Control in the Technology, Media and Telecommunication Sector

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Giovanni Fantini; [2014]
    Keywords : Private Benefits of Control; TMT; Structural Breaks; Factor Model;

    Abstract : Recent literature suggests that private benefits of control are higher in the media industry than else where, as, at least inderctly, the controlling shareholders of a media company have the power to direct information. But with the explosion of the New Media, which established a new way of sharing communication&information, the landscape of the industry has been clearly revoluzionaized. READ MORE

  4. 18. The Index Effect in an Isolated Environment - A Review of the Market Cap Segment Changes on the Nordic Exchanges

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : David Persson; Jacob Wiström; [2013]
    Keywords : index effect; index changes; awareness hypothesis; information cost hypothesis; liquidity hypothesis;

    Abstract : Since 2006, the NASDAQ OMX Nordic Exchanges are divided into three segments based on market capitalization: Small-, Mid- and Large Cap. This paper examines the up- and downgrades between these segments in the framework of the index effect, that is, abnormal returns in connection with index inclusions or exclusions. READ MORE

  5. 19. Risk and Uncertainty in Banking Sector -A study of the Post-Earnings Announcement Drift in European banks - Did the market reflect the banks' exposure to risk before the magnitude of the financial crisis was a fact?

    University essay from Göteborgs universitet/Företagsekonomiska institutionen

    Author : Moa Börjesson; Elin Johansson; [2012-06-14]
    Keywords : Post-Earnings Announcement Drift; risk; uncertainty; banking sector; credit loss; liquidity; auditors’ role.;

    Abstract : Background and Problem When the financial crisis started in 2007, the attention was directed towards the risks that the banking sector was exposed to. The information asymmetry between the banks and the market caused uncertainty for the investors, and this uncertainty had to be taken into consideration for investment decisions and would affect the asset pricing (Bird & Yeung, 2012). READ MORE

  6. 20. Can Google Search Volume Data Help Predict Future Stock Measures?

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Caroline Lundström; Hampus Nestius Svensson; [2012]
    Keywords : Google Insights Search Volume Index; Investor Attention; Abnormal return;

    Abstract : We hypothesise that search volume data from large search engines, such as Google, can be used to predict higher stock returns, higher liquidity and higher volatility. To test the validity of our hypothesis, we empirically test the relation be-tween the public Search Volume Indices provided by Google Inc. READ MORE