Essays about: "Skogsvik"
Showing result 1 - 5 of 10 essays containing the word Skogsvik.
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1. Nearly four decades later: Is accounting still useful in predicting business failure? Probabilistic business failure prediction on Nordic manufacturing firms
University essay from Handelshögskolan i Stockholm/Institutionen för redovisning och finansieringAbstract : With the aim of examining whether accounting-based failure prediction models still can be used effectively, this thesis investigates how well prediction models classify a modern sample of firms applying IFRS. In doing so, this thesis anchors on the Skogsvik (1987) study and performs a three-step plan. READ MORE
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2. Bankruptcy Risk and Market Rationality During Covid-19: Swedish Evidence
University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi; Handelshögskolan i Stockholm/Institutionen för redovisning och finansieringAbstract : Purpose: To examine the changes in bankruptcy risk that occurred during the beginning of the Covid-19 pandemic for companies listed on Nasdaq Stockholm, and to test market rationality regarding i) the changes in bankruptcy risk, ii) the equity risk premium associated with bankruptcy risk in the 1-year period after the market trough. Method: Bankruptcy risk is estimated with the Skogsvik (1990) model and a bankruptcy risk calibrated Residual Income Valuation model. READ MORE
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3. 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 finansieringAbstract : 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
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4. RIVolutionising Voluntary Disclosure: A Conceptual Study on the Value Relevance of Voluntary Disclosure for Listed Emerging Growth Companies
University essay from Handelshögskolan i Stockholm/Institutionen för redovisning och finansieringAbstract : This study uses a mixed method approach to analyse how voluntary disclosure contributes to conceptually explain the valuation gap between fundamental accounting numbers and the stock market price for Listed Emerging Growth Companies (LEGCs). This is done by taking a deduced valuation model perspective using the Forecast Issues underlying the Residual Income Valuation model as a theoretical lens to analyse voluntary disclosure (Gray & Skogsvik, 2004). READ MORE
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5. Investing on the risk of company bankruptcy
University essay from Handelshögskolan i Stockholm/Institutionen för redovisning och finansieringAbstract : We investigate the risk-return relationship between bankruptcy risk, measured by Skogsvik (1990)'s probability of firm failure ("pfail"), and stock returns on a refined stock sample on Stockholmsbörsen between 2002 and 2017. Using portfolio analysis and cross sectional regressions inspired by Fama-MacBeth (1973), we find lacking evidence to support a distress risk premium. READ MORE
