Essays about: "Valuation factor"

Showing result 21 - 25 of 54 essays containing the words Valuation factor.

  1. 21. Fundamental Valuation and Abnormal Returns: An Empirical Comparison of Fundamental Valuation Models

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

    Author : Carl Johansson; Gustav Lengholt; [2017]
    Keywords : Fundamental valuation; Value premium; Dividend discount model; Residual income valuation model; Abnormal earnings growth model;

    Abstract : This paper empirically compares three different fundamental valuation models - AEG, DDM and RIV - by examining the models' abilities to predict future abnormal returns. Previous research on the comparison of fundamental valuation models assumes that the market is efficient in the semi-strong form and therefore focuses on the models' abilities to predict stock prices at the valuation date. READ MORE

  3. 22. TESTING THE CAPM AND THE FAMA-FRENCH 3-FACTOR MODEL ON U.S. HIGH-TECH STOCKS

    University essay from Lunds universitet/Nationalekonomiska institutionen

    Author : Ville Kari; Steffen Gausselmann; [2017]
    Keywords : CAPM; Fama-French Three-Factor Model; U.S. high-tech stocks; Business and Economics;

    Abstract : This master’s thesis tests the capital asset pricing model (CAPM) and the Fama-French 3-factor model (FF3FM) for the U.S. high-tech industry. For a total sample of 120 U. READ MORE

  4. 23. Sensitivity to Target Leverage Deviation and its Effect on Speed of Adjustment - A Study of Capital Structure Adjustments in a Nordic Context

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

    Author : Björn Hedman; Hannes Lüning; [2016]
    Keywords : Target leverage deviation; speed of adjustment; cost of equity; sensitivity; bank-based economy;

    Abstract : In this paper, we study whether cost of equity is sensitive to deviations from target leverage and if this sensitivity is an explanatory factor for firms' speed of adjustment (SOA) towards an optimal capital structure. Further, we explore if access to bond markets could influence SOA. READ MORE

  5. 24. Stochastic Modeling of Electricity Prices and the Impact on Balancing Power Investments

    University essay from KTH/Industriell ekonomi och organisation (Inst.)

    Author : Richard Ruthberg; Sebastian Wogenius; [2016]
    Keywords : Energy investment; investment valuation; renewable energy production; electricity price modeling; long-term; combined heat and power; CHP; balancing power; intermittent renewable energy modeling; Pilipovic model; multi-factor model; sinusoidal regression; Ornstein-Uhlenbeck estimation; electricity price duration prediction; Nord Pool; Sweden electricity market; future energy systems; phasing out nuclear power; energy policy.;

    Abstract : Introducing more intermittent renewable energy sources in the energy system makes the role of balancing power more important. Furthermore, an increased infeed from intermittent renewable energy sources also has the effect of creating lower and more volatile electricity prices. READ MORE

  6. 25. Quantifying terrain factor using GIS applications for real estate property valuation

    University essay from Lunds universitet/Institutionen för naturgeografi och ekosystemvetenskap

    Author : Dahlia Mudzaffar Ali; [2016]
    Keywords : digital elevation model DEM ; GIS; geography; physical geography; property valuation; Earth and Environmental Sciences;

    Abstract : This thesis studies the use of GIS applications to derive adjustment figures for the terrain factor in property valuation tasks. It aims at suggesting a quantitative approach alternative to evaluate the terrain factor as opposed to traditional methods and current industry practices where terrain is qualitatively judged based on visual observation at site and subjected to individual opinion. READ MORE