Essays about: "US equity markets"

Showing result 1 - 5 of 49 essays containing the words US equity markets.

1. 1. Accounting for the Measurement Bias: A Study of Market Efficiency in the United States and the Relevance of Extensive Fundamental Analysis in Equity Valuation

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

   Author : Erik Bergmark; Hugo Freudenthal; [2023]
   Keywords : Accounting valuation bias; Fundamental analysis; Horizon Value; Market mispricing; Residual income valuation;

   Abstract : This thesis investigates abnormal returns over the period 1983-2021 from an investment strategy that is based on public accounting information. Investment positions are taken in US manufacturing firms and are held for 36 months using a self-financing (hedged) portfolio. READ MORE

3. 2. Quantifying the Impact of EU-US "Distressed" Financial Market Integration on European Credit Supply

   University essay from Lunds universitet/Nationalekonomiska institutionen

   Author : Ioannis Tzoumas; [2023]
   Keywords : ΔCoVaR; Loans; Credit; Risk; Integration; Business and Economics;

   Abstract : This paper proposes a new method for quantifying financial integration by adapting Adrian & Brunnermeier (2016)’s ΔCoVaR to conform with standard asset pricing literature (Lewellen & Nagel 2006, Cochrane 2009). We reconcile ΔCoVaR with standard microeconomic theory (Waller & Lewarne 1994) and test for causal relationships with respect to the contagion of US acute financial shocks to the EU’s loan supply. READ MORE

4. 3. Portfolio Diversification with Commodities : From a Swedish Perspective

   University essay from Linköpings universitet/Nationalekonomi; Linköpings universitet/Filosofiska fakulteten

   Author : Simon Derenkow; Max Walméus; [2022]
   Keywords : Commodities; DCC-GARCH; OMXSPI; Inflation; Correlation; Diversification; Modern Portfolio Theory;

   Abstract : This paper investigates the diversification characteristics of commodities in relation to the Swedish equity index OMXSPI. Much of the previous literature concludes that gold and oil possess diversification or hedging properties against the US equity markets. READ MORE

5. 4. Long-term IPO performance on the Swedish stock market : An event study on Swedish Initial Public Offerings

   University essay from Linnéuniversitetet/Institutionen för ekonomistyrning och logistik (ELO)

   Author : Filip Lööf; Jakob Åkerlund; [2022]
   Keywords : Initial Public Offerings; IPO; Information asymmetry; Behavioral finance; Long-term performance; Abnormal returns;

   Abstract : Context The number of Initial Public Offerings on the Swedish market has increasedrapidly over the last decade, reporting over 100 IPOs only in 2021. Although theincrease has been extraordinary, the majority of the IPO performance researchhas been conducted on larger markets such as the US, Germany, and China. READ MORE

6. 5. Is the Federal Reserve Causing Funds to Underperform? A causal machine learning analysis

   University essay from Lunds universitet/Statistiska institutionen; Lunds universitet/Nationalekonomiska institutionen

   Author : Willian Trindade Leite; Oliver Serenhov; [2022]
   Keywords : Causal inference; actively managed funds; passively managed funds; gradient boosting; double machine learning; Business and Economics;

   Abstract : Macroeconomic conditions heavily influence financial markets, and the leading corpus of theory in the field lays out some general principles observed by investors and asset managers alike. However, while the theory is sound, it is hard to measure how much effect these conditions have. READ MORE