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Found 2 essays matching the above criteria.

  1. 1. Listed Property Company Valuation

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Marcus Runström; Ludvig Eksandh; [2022]
    Keywords : Listed Swedish property companies; Closed-end fund puzzle; Noise trader model; NAV premium and discount; Property company valuation;

    Abstract : Among stock market participants, the existence and persistence of deviations between a property company's market capitalization and Net Asset Value are well-recognized. This deviation has a clear link to the premiums and discounts to NAV of closed-end funds, which is referred to as the closed-end fund puzzle in financial economics. READ MORE

  2. 2. The Closed-End Investment Company NAV Deviation Puzzle: What does the Industry Reveal?

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

    Author : Max Odqvist; Jesper Warén; [2017]
    Keywords : NAV; NAV Deviations; Investment Company; Closed-End Fund;

    Abstract : This study of net asset value deviations ("NAV deviations") is conducted with a qualitative method to find explanations for NAV deviations by testing the entrenchment of current theories in Swedish investment companies. The study was conducted through a total of 15 interviews with representatives from investment companies, equity research analysts and fund managers. READ MORE