Essays about: "Price premium"

Showing result 1 - 5 of 116 essays containing the words Price premium.

  1. 1. A Wolf In Sheep's Clothing, A study about potential closet indexing in the Swedish equity mutual fund industry.

    University essay from

    Author : Philip Dufwa; Johan Johansson; [2020-08-20]
    Keywords : Active Share; Tracking error; Fund activity; Fees; Mutual funds; Closet indexing; Index hugging;

    Abstract : We measure the activity of Swedish domiciled equity mutual funds with Sweden as geographical investment universe, by calculating their active share with respect to major market indices like OMX30 GI and OMX Small Cap TR and retrieving tracking error and r-squared from Bloomberg. Afterwards we calculate the cost to investors by comparing the cost of investing in comparable explicit index funds and the cost of the closet indexers. READ MORE

  2. 2. “Cheap" property holding stocks: Opportunity of a lifetime or too good to be true? - An empirical test of investment strategies based on stock price / EPRA NAV multiples for Swedish property holding stocks.

    University essay from Göteborgs universitet/Graduate School

    Author : David Goldner Yhlen; Erik Tobisson; [2020-07-01]
    Keywords : EPRA; EPRA NAV; NAV; property holding firms; real estate firms; efficient market hypothesis; behavioral finance; deferred tax; fair value accounting; law of one price; IFRS; IAS 40 investment property; portfolio; Value stocks; growth stocks; investment strategy;

    Abstract : MSc in Accounting and Financial Management.... READ MORE

  3. 3. Volatility Curves of Incomplete Markets

    University essay from Göteborgs universitet/Institutionen för matematiska vetenskaper

    Author : Kateryna Chechelnytska; [2020-06-23]
    Keywords : Implied volatility; Incomplete markets; Trinomial option pricing model; Black-Scholes option pricing model; Risk-neutral probability;

    Abstract : The graph of the implied volatility of call options as a function of the strike priceis called volatility curve. If the options market were perfectly described by theBlack-Scholes model, the implied volatility would be independent of the strike priceand thus the volatility curve would be a at horizontal line. READ MORE

  4. 4. Do feed-in tariffs promote environmental efficiency among wind farms? : a two-stage LCA + DEA efficiency case study on 75 Danish wind farms

    University essay from SLU/Dept. of Economics

    Author : Gustav Berglöf; [2020]
    Keywords : DEA; efficiency; environmental efficiency; feed-in tariff; operational efficiency; renewable energy; subsidy; wind power;

    Abstract : It is generally known that wind power has an offsetting effect on emissions by crowding out fossil dependent energy sources. What has not been studied to any further extent is the variability in environmental impacts caused by wind turbine erection and manufacturing. Also, it is not known how economic incentives could affect these impacts. READ MORE

  5. 5. Does Noise Trader Risk Repel Arbitrageurs? Evidence from Chinese A-H Share Premia

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Qing Zhu; Haihui Li; [2020]
    Keywords : noise trader risk; A-H premia; volatility; investor sentiment; limits to arbitrage;

    Abstract : What causes the Chinese A-H share premia puzzle? A-shares enjoy a premium over corresponding H-shares on average by 125%, despite the same rights and dividends. The existing hypotheses such as differential risk, differential demand, liquidity, and asymmetric information cannot successfully account for the great magnitude of inflated A-share prices and are also inconsistent with our sample from 2014-2019. READ MORE