Essays about: "book-to-price"
Found 3 essays containing the word book-to-price.
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1. Return Differences on the Swedish Stock Market When Incorporating Different Value-Factors
University essay from Göteborgs universitet/Graduate SchoolAbstract : In this paper, we investigate the predictability in stocks return on the Swedish equity market between 2006 and 2017. Answering the question, what is the differences in using Fama-French three-factor model when applying different constructed portfolios? Previous literature examines this topic on the American stock market. READ MORE
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2. Value versus Growth on OMXS and Asymmetric Responses to Earnings Surprises
University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomiAbstract : Numerous studies have been conducted worldwide mapping differences in stock returns based on value versus growth characteristics. This paper examines whether there are differences in quarterly returns between value and growth stocks on OMX Stockholm (OMXS) 2004-2014. READ MORE
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3. Decomposing the Book-to-Price Effect: Leverage and Stock Returns
University essay from Handelshögskolan i Stockholm/Institutionen för redovisning och finansieringAbstract : The starting point for this thesis is a decomposition of book-to-price (B/P) into an enterprise-book-to-price component (that pertains to the firms operations and supposedly reflects operating risk) and a leverage component (assumed to capture financial risk), laid out by Penman et al (2007). Using Swedish data, we show that the leverage component of B/P is negatively associated with future stock returns, conditional upon enterprise-book-to-price. READ MORE
