Essays about: "Arbitrage Pricing Theory"

Showing result 16 - 20 of 20 essays containing the words Arbitrage Pricing Theory.

  1. 16. How the Price of Crude Oil Affects the Swedish Stock Market

    University essay from IHH, Nationalekonomi

    Author : Gustaf Hamilton; Sean Winstanley; [2007]
    Keywords : Crude Oil; Swedish Stock Market; Price Effect;

    Abstract : In late summer 2006 we experienced historically high oil prices, and due to this event we found it appropriate to investigate what influence oil price changes has on the Swedish stock market. The purpose with our research was to see the affect that oil price changes has on the Swedish economy, and if the influence of the oil price is still as strong as it used to be. READ MORE

  3. 17. Equilibrium Pricing in Decentralized Markets: The Case of the Equity Lending Market

    University essay from Handelshögskolan i Stockholm/Institutionen för nationalekonomi

    Author : Stefan Boettrich; [2007]
    Keywords : Decentralized Markets; Financial Economics; Computational Economics; Microeconomics;

    Abstract : A central tenant to Efficient Market Theory is that arbitrage may be engaged in without cost. Research has shown that, in reality, equity markets are subject to numerous imperfections, one of which is short sale constraints. A primary constraint to arbitrage stems from the decentralized nature of the equity lending market. READ MORE

  4. 18. Mergers & Acquisitions : Abnormal returns in the pharmaceutical industry

    University essay from IHH, Nationalekonomi; IHH, Företagsekonomi

    Author : Erik Stålstedt; Jens Eriksson; [2006]
    Keywords : Mergers Acquisitions; Pharmaceutical industry; Shareholders; Arbitrage Pricing Theory; share performance; Pfizer; Bristol-Myers Squibb and GlaxoSmithKline; Arbitrage Pricing Theory; aktieresultat; Pfizer; Bristol-Myers Squibb and GlaxoSmithKline; Sammanslagningar och förvärv; Läkemedelsbranschen; Aktieägare;

    Abstract : Denna uppsats är skriven inom området finansiering och behandlar fenomenet uppköp och företagsförvärv inom läkemedelsbranschen. I uppsatsen undersöker man läkemedelsbranschen och några nyckelaffärer utförda under de senaste fem åren. READ MORE

  5. 19. Crouching Tiger Hidden Success? : A Futurology of the Chinese Stock Market

    University essay from Institutionen för ekonomi och företagande

    Author : Lulu Li; Linda Malmström; [2006]
    Keywords : APT; Chinese stock market; forecast;

    Abstract : This Master’s Degree is a futurology that aims to analyse how the Chinese stock market might develop for a period of ten years, i.e. between the years 2005-2015. Since the future never with certainty can be predicted, scenarios will be presented displaying other possible outcomes. READ MORE

  6. 20. Replication strategies of derivatives under proportional transaction costs - An extension to the Boyle and Vorst model

    University essay from Lunds universitet/Nationalekonomiska institutionen

    Author : Henrik Brunlid; [2005]
    Keywords : transaction costs; replicating portfolio; option pricing; Economics; econometrics; economic theory; economic systems; economic policy; Nationalekonomi; ekonometri; ekonomisk teori; ekonomiska system; ekonomisk politik; Business and Economics;

    Abstract : When we introduce transaction costs the perfect Black and Scholes hedge, consisting of the underlying stock and a risk free asset, becomes infinitely expensive. By loosening the pure arbitrage argument and only considering the expected transaction costs, one can find an upper bound on the price of an option. READ MORE