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Showing result 11 - 15 of 18 essays matching the above criteria.

  1. 11. Market Valuation of Ethics: How Valuation Multiples are Affected by Investors’ Ethical Perception

    University essay from Lunds universitet/Företagsekonomiska institutionen

    Author : Alexander Brake; Simon Sakkestad; [2014]
    Keywords : Valuation; Multiples; Corporate Social Responsibility CSR ; Socially Responsible Investing SRI ; Vice Investing; Business Ethics; Matched Pairs Analysis; Student’s t-Test; log-normal Transformation; Anderson-Darling Normality Test; Trend Analysis; Sin Stocks; Bad Companies; Business and Economics;

    Abstract : Previous research has focused on the correlation between CSR and returns, whilst considerably less efforts have been undertaken to investigate whether CSR affects a company’s valuation. Therefore this paper focus on investigating the correlation between these two variables. READ MORE

  3. 12. Performance of Value-Investing Strategies: Swedish Evidence, 2000-2010

    University essay from Göteborgs universitet/Graduate School

    Author : Johan Eklund; [2012-07-25]
    Keywords : Value-investing; valuation ratios; EBITDA EV; FCFF EV; market irrationality; investor overreaction; investor overconfidence;

    Abstract : The main objective of this study is to provide updated empirical evidence on the risk-return performance of “value-investing” portfolio selection strategies in a survivorship bias controlled setting. We cover non-Financial firms publically traded in Sweden during the time period of July 2000 to June 2010. READ MORE

  4. 13. Alpha analysis - A momentum and performance metrics study of the efficient market hypothesis

    University essay from Lunds universitet/Nationalekonomiska institutionen

    Author : Andreas Nilsson; Mikael Lindberg; [2012]
    Keywords : Momentum; Value strategies; Performance metrics; Abnormal returns; Efficient market hypothesis; Business and Economics;

    Abstract : In this study the efficiency of the Nordic stock markets are tested. The evaluation period is 16 years, between 1995 and 2010. Monthly data on stock returns, D/Y, P/C, P/E, PTBV and EV/EBITDA are used to create six different single sorted portfolios. The portfolio evaluation periods and holding periods are set to six months. READ MORE

  5. 14. Valuation Using Multiples - Accuracy and Error Determinants

    University essay from Lunds universitet/Företagsekonomiska institutionen

    Author : Johan Lillhage; Daniel Ek; [2012]
    Keywords : Valuation; Multiples; Accuracy; Error Determinants; Discounted Cash Flow model; DCF; Market Efficiency Hypothesis; Mispricing; Panel Data; Market to Book ratio; Firm Size; Volatility; R D.; Business and Economics;

    Abstract : The purpose of this thesis is to investigate how accurate multiple valuations are in relation to the DCF. Furthermore, the accuracy of equity and entity multiples will be compared. Finally, we will try to determine the factors underlying the valuation errors. READ MORE

  6. 15. Fundamental Stock Analysis : A study of the fundamental analysis for practical use at the Swedish Stock Exchange

    University essay from IHH, Företagsekonomi

    Author : Peter Eriksson; Nicklas Gustavsson; Tobias Forsberg; [2011]
    Keywords : ;

    Abstract : The interest for stocks and stock-trading has grown tremendously during the  last decade. The challenge for small private investors is how to use and filter  the most relevant information in the stock selection process. READ MORE