Essays about: "Markus Elmgärde"

Found 1 essay containing the words Markus Elmgärde.

  1. 1. Financial statement information and abnormal stock returns : a test of increased market efficiency over time in the Swedish stock market

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

    Author : David Axelsson; Markus Elmgärde; [2021]
    Keywords : Financial statement analysis; Fundamental valuation; Abnormal returns; Market mispricing;

    Abstract : This study revisits the question of whether publicly available financial statement information can be used to generate abnormal returns. The study tests the hypothesis that the Swedish stock market has become increasingly efficient over time with respect to publicly available financial statement information, suggested by Skogsvik and Skogsvik (2010), by applying their investment strategy, combining the estimated probability of an increase in mid-term ROE with the implied market expectations for future mid-term ROE estimated from a RIV-model. READ MORE