Essays about: "Equity cost of capital"

Showing result 1 - 5 of 37 essays containing the words Equity cost of capital.

  1. 1. Equity valuation and the incorporation of investment risk: insights from sell-side analysts

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

    Author : Tobias Bengtsson; Daniel Nylund; [2018]
    Keywords : Investment risk; Sell-side equity analysts; Equity Valuation; Analyst behavior;

    Abstract : This thesis explores how sell-side equity analysts incorporate investment risk into their valuations and analyses of common stocks. Interviews have been conducted with 20 Swedish analysts from 13 different institutions with the intention of gaining a deeper understanding of their behavior and thought processes. READ MORE

  2. 2. Growth of Housing Prices : A Study on The Implications for Costof Equity in Sweden

    University essay from Uppsala universitet/Företagsekonomiska institutionen; Uppsala universitet/Företagsekonomiska institutionen

    Author : Joakim Thunell; Davor Blazevic; [2018]
    Keywords : ;

    Abstract : This study aims to investigate whether growing housing prices in Sweden have an effect on costof equity for Swedish firms. Stemming from prior research linking growing housing prices tolower degree of risk aversion for households, we hypothesize a negative relationship betweengrowth of housing prices and cost of equity capital. READ MORE

  3. 3. The Persistent Measurement Biases

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

    Author : Hans Liang; [2018]
    Keywords : Equity Valuation; Linear Information Models; Accounting-Based Valuation; Conservative Accounting;

    Abstract : Despite recent advancements in the field of accounting-based valuation, the challenges in linking forecasts of residual income levels to past financial statements; and simultaneously considering the effects of conservatism in the accounting, remain. This paper describes the exploration of an equity valuation model that adheres to a linear information model as conceptualised by Ohlson (1995), and Feltham and Ohlson (1995) in the forecasts of earnings, which is parsimonious and individual for each firm. READ MORE

  4. 4. Evaluating Private Equity Returns from the Investor Perspective - are Limited Partners Getting Carried Away?

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Julia Hederstierna; Richard Sabrie; [2017]
    Keywords : Private Equity; Performance; PME; Public Markets; Direct Alpha;

    Abstract : In this study, we evaluate the performance of close to 900 buyout and venture capital funds from 1979 to 2008. Returns are measured using traditional performance measures, the internal rate of return and the investment multiple, as well as four different Public Market Equivalent measures, which compares private equity fund returns to the returns of corresponding investments in a publicly traded index. READ MORE

  5. 5. Sensitivity to Target Leverage Deviation and its Effect on Speed of Adjustment - A Study of Capital Structure Adjustments in a Nordic Context

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

    Author : Björn Hedman; Hannes Lüning; [2017]
    Keywords : Target leverage deviation; speed of adjustment; cost of equity; sensitivity; bank-based economy;

    Abstract : In this paper, we study whether cost of equity is sensitive to deviations from target leverage and if this sensitivity is an explanatory factor for firms' speed of adjustment (SOA) towards an optimal capital structure. Further, we explore if access to bond markets could influence SOA. READ MORE