Essays about: "Stock Crash."

Showing result 21 - 25 of 29 essays containing the words Stock Crash..

  1. 21. Heading towards the Tipping Point? A Swedish study on tax-avoiding activities and future stock crash risk

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

    Author : Sorena Amini; Kristoffer Ottosson; [2017]
    Keywords : Agency Theory; Tax Avoidance; Crash Risk; OMXS30;

    Abstract : Using a sample consisting of Sweden's most traded stocks for the period 1999-2015, this paper provides robust evidence that long-run corporate tax avoidance increases the risk of future firm-specific stock price crashes. The findings are consistent with the agency view that the complex and opaque characteristics of tax-avoiding activities provide managers with a powerful toolkit for covering and rationalising opportunistic behaviour. READ MORE

  3. 22. Mispricing in Financial Turbulence, A study of mispricing in public Nordic real estate companies in the 21st century

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

    Author : Emil Christoffersson; Gustaf Engellau; [2015]
    Keywords : Real Estate; Mispricing; Fundamental Valuation; Value Relevance; PVED;

    Abstract : By using the present value of expected dividends model, reversed engineering and the market capitalizations of 14 public Nordic real estate companies between the years 2000-2009, the study examines the reasonableness of the implied return on equity in steady state. The results show that following the stock crash of 2000 the level of implied return on equity in steady state is below reasonable levels, whereas the period leading up to the financial crisis displays levels above historical precedents. READ MORE

  4. 23. Macroeconomic Forces and Their Effects on the Swedish Banking Sector

    University essay from Göteborgs universitet/Institutionen för nationalekonomi med statistik

    Author : Oscar Larsson; Marcus Johansson Prakt; [2013-03-20]
    Keywords : ;

    Abstract : After the bankruptcy of Lehman Brothers in September 2008 international capital markets trembled of uncertainty and investors did not know where the markets were heading. The market turmoil also had an impact on Sweden and especially on the banking sector due to the interdependence of international financial markets. READ MORE

  5. 24. RND estimation stability with respect to methodology : A study on the EURO STOXX 50 index around the September 2008 stock market crash

    University essay from KTH/Matematisk statistik

    Author : Misha Wolynski; [2013]
    Keywords : ;

    Abstract : The aim of this study is to investigate whether implied RND functions are stable with respect to the choice of estimation methodology and whether the stability is affected by the stock market crash of September 15 2008. In order to do so, I estimate RND functions for the EURO STOXX 50 equity index using two different methods, namely the fully parametric two-lognormal method and a curve-fitting method based on the approach proposed by Shimko (1993). READ MORE

  6. 25. Risk neutral densities and the September 2008 stock market crash: A study on European data

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Misha Wolynski; Martin Theimer; [2011]
    Keywords : Risk neutral density RND ; Implied volatility; September 2008 stock market crash; Late-2000s financial crisis;

    Abstract : In this paper, we aim to determine whether the options market predicted the stock market crash of September 15 2008 or reacted to it. In order to do so, we study volatility smiles and RND functions for the EURO STOXX 50 equity index. READ MORE