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Found 2 essays matching the above criteria.

1. 1. Do LBO Motives Differ Between Large and Small Firms?

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

   Author : Keiward Pham; Kristina Saudargaite; [2013]
   Keywords : Takeover prediction; public-to-private; leveraged buyouts; buyout motives; private equity;

   Abstract : Authors of previous takeover prediction models treat small and large takeover targets as one homogenous group. Our empirical results show that treating large and small LBOs as one homogenous group leads to misleading takeover prediction results and low prediction power. READ MORE

3. 2. Discounts in closed-end investment trusts, a source of abnormal returns?: A study on the British market 2000-2009

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

   Author : Karl Säfvelin; Keiward Pham; [2010]
   Keywords : investment trusts; closed-end funds; premium; discount; abnormal returns;

   Abstract : We investigate if the ratio of net asset value to market value (discount if market value is lower than net asset value, premium if market value is higher than net asset value) is a factor driving abnormal returns in British investment trusts companies (ITC). We control for other factors commonly thought to predict returns above the Capital Asset Pricing Model but still find the size of the contribution from a discount on abnormal returns to be quite substantial. READ MORE