Essays about: "announcement effect"

Showing result 16 - 20 of 138 essays containing the words announcement effect.

1. 16. An Assessment of the Riksbank’s Corporate Bond Purchase Program on the Yield Spread and Firm’s Debt Structure

   University essay from Lunds universitet/Nationalekonomiska institutionen

   Author : Najmeh Hajimirza; Nichawan Thamrongsak; [2022]
   Keywords : Quantitative easing; Corporate bond purchase program; Yield spread; Debt structure; Intention-to-treat; Treatment-on-treated; Business and Economics;

   Abstract : We study the effect of Riksbank’s corporate bond purchase program on the yield spread of bonds and firm-level debt structure. We find evidence that the Riksbank’s corporate quantitative easing announcement reduces the yield spread of eligible bonds compared to the non-eligible bonds. READ MORE

3. 17. Do spin-offs create shareholder value? The Nordic context

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

   Author : Holger Heed; Niklas Blidholm Svensson; [2022]
   Keywords : Corporate restructuring; Spin-off; Announcement effect; Abnormal return;

   Abstract : This thesis investigates the magnitude- and determinant factors of the short-term abnormal returns upon announcing voluntary corporate spin-offs. The sample consists of 88 completed Nordic spin-off transactions, announced between 2001 and 2021. READ MORE

4. 18. Investors’ Value Perception of Green and Brown Bond Issuances

   University essay from Lunds universitet/Nationalekonomiska institutionen

   Author : Eric Werleus; Harald Johansson; [2022]
   Keywords : Green bonds; EU-taxonomy; Event study; Cumulative Abnormal Returns; Business and Economics;

   Abstract : The purpose of this study is to investigate if the equity markets react more positively to the issuance announcement of a green bond compared to the issuance announcement of a brown bond and if the introduction of the EU taxonomy has had an effect on the announcement effects. The study contributes to the existing literature by using an updated sample of 511 bonds from 61 issuers stemming from countries within the EU and testing if investor behavior regarding the announcement effect has changed after introducing the EU taxonomy. READ MORE

5. 19. Green Debt Financing : Examining Investors’ Reactions to Green Bond Announcements in Europe

   University essay from Uppsala universitet/Företagsekonomiska institutionen

   Author : Lena Hussmann; Filip Simonsson; [2022]
   Keywords : Green Bond; ESG; Socially Responsible Investments; Climate Bond Initiative; European Green Bond Market; Signalling Theory;

   Abstract : This paper examines what effects announcements of green bond issuances have on publicly traded firms’ stock prices in Europe. Signalling theory is used in line with suggestions from previous research to investigate potential abnormal returns. READ MORE

6. 20. Liquidity Providing: Study on liquidity providing in the Nordic stock markets

   University essay from Lunds universitet/Nationalekonomiska institutionen

   Author : Julius Bengt Leif Karlsson; Carl Victor Malmström; [2022]
   Keywords : Liquidity Providing; Nordic Stock Exchange; Financial Service; Market Maker; Business and Economics;

   Abstract : Risk and return go hand in hand, and one way for a firm to mitigate existing and potential investors' risk in a stock is to employ a financial service; liquidity providing. The value of liquidity provision has become relevant as market uncertainties and shocks in the market create disturbances. READ MORE