Essays about: "book value of equity"

Showing result 16 - 20 of 40 essays containing the words book value of equity.

1. 16. The Swedish equity market: Anomalies and pricing contributions using portfolio sorting techniques

   University essay from Göteborgs universitet/Graduate School

   Author : Max Hulth; Gustav Nilsson; [2018-07-04]
   Keywords : Asset pricing; Anomalies; Portfolio sorting; CAPM; Fama French three-factor model; Carhart four-factor model;

   Abstract : The Capital Asset Pricing Model (CAPM) is a widely used tool to describe the risk-return relationship for stocks. Several studies focusing on asset pricing have during the last decades indicated that the one-factor model CAPM is associated with limitations to explain the cross-sectional and time variation in expected stock returns. READ MORE

3. 17. Systemic risk and the market-to-book value of banks' equity

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Florian Moritz Meier; Yuqing Meng; [2018]
   Keywords : Banks; Financial Crisis; Government Guarantees; Market-to-book Value; Risk;

   Abstract : The goal of this thesis is to investigate whether market participants considered possible government guarantees when valuing banks' equity before the recent financial crisis and to what extent the market value of banks' equity is useful to estimate their exposure to systemic risk. Using a theoretical approach, we first present our argument that anticipated government guarantees in case of a systemic breakdown lead to financing costs of debt being independent from a bank's exposure to systemic risk. READ MORE

4. 18. Brand Equity and Share Value: The Moderating Impact of Managerial Ability

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

   Author : Love Berggren; Anna Widemar; [2018]
   Keywords : Brand Equity; Share Value; Managerial Ability; Interbrand Ltd.;

   Abstract : This study investigates the value relevance of brand value estimates provided by Interbrand Ltd. in their Best Global Brands list over the years 2000 to 2016 and the moderating impact of managerial ability on this relationship. READ MORE

5. 19. Why would firms choose dividends over share repurchases?

   University essay from Lunds universitet/Nationalekonomiska institutionen

   Author : Emma Jansson; Chonnikarn Janesiripanich; [2018]
   Keywords : Dividend; Share repurchase; Firm value; Panel data; Business and Economics;

   Abstract : This study investigates the relationship between the two different payout policies, dividends and share repurchases, and firm value in the Swedish market. We aim to clarify how the lack of difference in taxation of dividends and capital gains in Sweden affects investors’ preferences for different payout policies and whether a certain payout policy incentivizes investor to pay extra for a firm that applies this policy. READ MORE

6. 20. What determines the differences in idiosyncratic volatility between Swedish firms and comparable European firms?

   University essay from Lunds universitet/Nationalekonomiska institutionen

   Author : Jesper Swanson; Linus Lindberg; [2018]
   Keywords : Total volatility; systematic volatility; idiosyncratic volatility; Fama-French three-factor model; propensity score matching; Business and Economics;

   Abstract : Firms’ stock return volatility varies across countries, and the factors driving the volatility can contribute both positively and negatively to economic growth. We show that across 3,673 firms during the time interval 2001 to 2016, stocks of Swedish firms have on average lower volatility compared to stocks of foreign European firms of similar size, age, and market-to-book value. READ MORE