Essays about: "Nils Hübinette"

Found 2 essays containing the words Nils Hübinette.

1. 1. An Alternative Four-Factor Model

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Nils Hübinette; Gustav Jönsson; [2011]
   Keywords : Liquidity; Asset Pricing; Carhart; Anomalies; Investment;

   Abstract : In this paper, we add a liquidity factor to the Chen, Novy-Marx & Zhang (2010) three-factor model, creating an alternative four-factor model. From empirical tests we conclude that the liquidity factor is priced, and that the alternative model is overall better than the Carhart (1997) four-factor model at explaining anomalies, especially standardized unexpected earnings (SUE), financial distress and total accruals. READ MORE

3. 2. Stock Returns on Football Clubs: The Effect of Surprises on the Pitch

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Gustav Jönsson; Nils Hübinette; [2009]
   Keywords : Football club valuation; Sporting results; Share price reactions;

   Abstract : This paper analyzes the impact of match results on stock returns of listed football clubs in England between the season 2000/2001 and March 2009. Based on the efficient market hypothesis and a paper published by Bernanke & Kuttner, the hypothesis is that unanticipated match results should to a larger extent affect abnormal returns than anticipated ones. READ MORE