Essays about: "Insider ownership"

Showing result 16 - 20 of 23 essays containing the words Insider ownership.

1. 16. Corporate cash holdings: An empirical study of ownership identities on the Swedish market.

   University essay from Lunds universitet/Företagsekonomiska institutionen

   Author : James Persson; Erik Hedman; [2014]
   Keywords : Controlling owner; Ownership identity; Cash holdings; Family owner; Insider owner; Institutional owner; Business and Economics;

   Abstract : Purpose: The main purpose of this study is to investigate whether different ownership identities has any effect on the levels of cash amongst firms listed on the Stockholm Stock Exchange (SSE) main markets. The examined types of owners are family owners, insider owners and institutional owners. READ MORE

3. 17. Firm Financing and Accounting Discretion: A study of income smoothing in Sweden

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

   Author : Emil Ericson; Erik Rasmusson; [2014]
   Keywords : Income Smoothing; Earnings Smoothing; Accounting Discretion; Trade Credit; Insider Ownership;

   Abstract : Income smoothing is the reduction of inter-temporal variation in earnings. A smooth earnings path has been documented as an important consideration for managers. This study investigates the relationship between a firm's sources of financing and the use of accounting discretion for income smoothing. READ MORE

4. 18. Post-Earnings-Announcement Drift and Investor Sophistication: Employing buy-side, sell-side and inside proxies in a Swedish setting

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

   Author : Hjalmar Kågerman; Erik Orbring Svensson; [2014]
   Keywords : post-earnings-announcement drift; investor sophistication; institutional ownership; analyst experience; insider trading;

   Abstract : This paper studies the post-earnings-announcement drift and its connection to investor sophistication in Sweden over a time period ranging from 2004 to 2013. Using a sample of 215 stocks, it is first hypothesized and shown that a portfolio long (short) in shares with positive (negative) earnings announcement returns yields economically and statistically significant cumulative abnormal returns over a 60-day holding period. READ MORE

5. 19. Getting the inside track: The effect of CEO ownership and wealth on insider trading returns

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Julian Greilich; Nils Härtel; [2014]
   Keywords : Insider trading; Market efficiency; Trading strategy; Managerial ownership; Personal wealth;

   Abstract : This paper analyzes the market reaction to insider transactions by CEOs in Swedish companies and if a CEO's ownership in her company, wealth and magnitude of change in shareholding have an effect on the market reaction. Moreover, we analyze how outside investors can benefit from mimicking CEOs' insider transactions. We present five major findings. READ MORE

6. 20. Insider Trading and Analyst Coverage: Testing the crowding out hypothesis and its implications on market efficiency

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Peder Albert; Rebecka Axelsson Wadman; [2008]
   Keywords : Insider trading; market efficiency; analyst coverage; ZIP;

   Abstract : In this paper we study the relationship between insider trading and analyst coverage and test the hypothesis that insiders crowd out analysts in order to examine the effects of insider trading on market efficiency. The study is based on insider transactions taking place on the OMX Stockholm Stock Exchange between 1997 and 2007 and the impact of insider trading on analyst coverage is tested at the firm-wide level through zero-inflated Poisson (ZIP) and Tobit regressions including analyst coverage as the dependant variable and insider trading as an explanatory variable. READ MORE