Essays about: "Daniel Gardtman"

Found 1 essay containing the words Daniel Gardtman.

  1. 1. The Risk-Free Rate’s Impact on Stock Returns with Representative Fund Managers

    University essay from Lunds universitet/Företagsekonomiska institutionen

    Author : Daniel Gardtman; Simon Svensson; [2013]
    Keywords : Asset Pricing; Agency Problem; Fund Managers; Risk-Free Rate; Risk Aversion; Stock Returns; Business and Economics;

    Abstract : In this thesis, the risk-free rate’s impact on stock market excess returns was examined. Firstly, theoretical arguments were made for that a low risk-free rate might lower the excess return on the stock market, since this increases the incentive for fund managers to increase variance of returns. READ MORE