Essays about: "Marcus Undén"

Found 2 essays containing the words Marcus Undén.

1. 1. Would You Rather Laugh with the Sinners than Cry with the Saints?

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Gustav Nilsson; Marcus Undén; [2021]
   Keywords : Sin Stocks; Social Norms; SRI; ESG; Institutional Ownership;

   Abstract : This thesis provides new evidence on social norms' impact on capital markets through the lens of the Swedish stock market and sheds new light on ownership structure, analyst coverage, valuation and financing decisions of vice companies - companies involved in sinful industries, including gambling, tobacco and alcohol - as well as its implication for stock returns. We show that sin stocks are neglected by institutions and have lower sell-side analyst coverage, thus sin stocks indicatively face less liquid equity markets than comparable stocks. READ MORE

3. 2. Banking Relationships and first-day IPO Performance - Evidence from ex-ante pricing of Swedish firms

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Marcus Undén; Christoffer Begander; [2019]
   Keywords : Initial Public Offering; Underpricing; Information Asymmetries; Banking Relationships;

   Abstract : The purpose of this thesis is to investigate how pre-Initial Public Offering (IPO) banking relationships affect the level of underpricing for Swedish firms. By studying a sample of 273 IPOs between 2014 and 2018, no support for a signaling effect that reduces information uncertainty for investors can be concluded since firms with a pre-IPO lending relationship do not experience a lower level of underpricing. READ MORE