Essays about: "Average cumulative abnormal return"
Showing result 1 - 5 of 38 essays containing the words Average cumulative abnormal return.
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1. Does size matter? Analysis of stock price reaction to green bonds announcements
University essay fromAbstract : The recent large growth in the green bond market has been shown in previous studies to yield abnormal returns as the market value of the stock reacts to the announcement of green bond issuance. This study uses a sample of 90 observations, of which 61 are from the Swedish market and the remaining 29 from the American market. READ MORE
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2. Wealth effects associated with spin-offs: Empirical evidence from the Nordics
University essay from Göteborgs universitet/Graduate SchoolAbstract : This study focuses on the abnormal returns associated with spin-offs in the Nordics. The sample consists of 84 completed spin-offs between 2000 and 2020. Similar to the vast majority of previous studies, a significant three-day cumulative average abnormal return around the announcement date is documented, showing abnormal returns of 3.03%. READ MORE
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3. Abnormal returns for IPOs on the Swedish stock exchange
University essay fromAbstract : 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
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4. Spin-off Impact on Shareholder Wealth: A worldwide study on market reactions to spin-off announcements
University essay fromAbstract : This thesis investigate the spin-off wealth effect and its determinant factors for spin-offs announced in the period 2000-2019. The sample is distributed over three regions; Europe, Asia-Pacific, and the US, with 103, 248 and 164 sample transactions, respectively. READ MORE
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5. SWEDISH BIDDER´S PERFORMANCE FROM TAKEOVERS - A quantitative event study comparing domestic and cross-border targets
University essay from Göteborgs universitet/Företagsekonomiska institutionenAbstract : We examine Swedish bidder’s shareholder return on a takeover announcement based on a short-period event study. Further, the bidder return is examined based on whether the target is domestic or cross-border. READ MORE