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Showing result 1 - 5 of 89 essays matching the above criteria.

1. 1. Analysing M&A performance Using CAPM to Evaluate the Acquiror’s systematic risk in investment strategies

   University essay from Blekinge Tekniska Högskola

   Author : Kakwano Rodney; [2024]
   Keywords : mergers and acquisitions systematic risk;

   Abstract : The purpose of this paper is to analyse the acquiror’s post M&A systematic risk using the stock performance evaluation by determining the change in beta (post M&A and Pre-M&A). and further determine the impact and significancy of M&A characteristics from the previous studies that have an explanatory value that may lead to a change in the systematic risk. READ MORE

3. 2. 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

4. 3. CARs In the Driver’s Seat: The Battle Between Capital and Stock Performance

   University essay from Lunds universitet/Nationalekonomiska institutionen

   Author : Léo Fégeant; Alice Beer; [2023]
   Keywords : Capital Adequacy Ratio; Capital Requirements; Stock Returns; Basel-III; Business and Economics;

   Abstract : After the financial crisis of 2008, the Basel Committee on Banking Supervision created the latest Accord for capital requirements: The Basel III Accord. Basel III set higher requirements for both quantity and quality of capital, with the aim to mitigate systemic risk. READ MORE

5. 4. Asset Pricing in Different Periods of Stock Market Volatility : The Varied Effectiveness of Carhart's Four-Factor Model in the Swedish Market

   University essay from Umeå universitet/Företagsekonomi

   Author : Robin Munkhammar; Svensson Hampus; [2023]
   Keywords : Capital Asset Pricing Models; Carhart Four-Factor Model; Swedish Stock Market Volatility;

   Abstract : Investing in the Swedish stock market has over time proven to be an effective way to increase wealth. Nationally speaking, Sweden’s population is also one of the best in the world at investing their savings. Four out of five swedes invest at least some part of their private savings into mutual funds which approximately amounts to 8. READ MORE

6. 5. How Does the Three-factor Model Perform and What Explains its Performance? Empirical tests on Swedish stock portfolios

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

   Author : Daniel Björck; [2023]
   Keywords : Three-factor model; stock returns; Swedish stocks; CAPM; Business and Economics;

   Abstract : In this study the three-factor model of Fama and French (1992; 1993) is evaluated on portfolios of Swedish stocks. Both a cross-section and time series approach are used to evaluate the model. The results show that beta, size, and book-to-market are significant variables in explaining excess returns of Swedish stock portfolios. READ MORE