Essays about: "Erik Ahl"

Found 2 essays containing the words Erik Ahl.

1. 1. Cornerstone Investor Allocation in Initial Public Offerings:Empirical Evidence from the Nordics

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

   Author : Erik Ahl; Shervin Sameni; [2017]
   Keywords : Nordic IPOs; Underpricing; Money left on the table; Cornerstone investors;

   Abstract : The 2014-2016 Nordic hot issue IPO market raised a record SEK 156 billion. 37% of which were raised through the newly emerged mechanism of cornerstone investors, where large portions of new issues are allocated pre-IPO. READ MORE

3. 2. Equity Research Analyst Bias in Stock Recommendations

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Erik Ahl; Filip Hedin; [2014]
   Keywords : stock recommendations; recommendation bias; market efficiency; equity research;

   Abstract : We acknowledge the lack of empirical studies of equity research analysts' ability to generate abnormal returns on the Swedish stock market and the global absence of studies measuring performance throughout complete recommendation periods. A unique sample of 705 equity research analyst recommendations from 2004 to 2013 from leading Swedish investment banks ABG Sundal Collier, Carnegie, Nordea and SEB on the OMXS30 constituent stocks are studied in order to investigate whether analysts have better long-run predictive abilities in their sell relative to their buy recommendations. READ MORE