Essays about: "distress risk premium"

Found 5 essays containing the words distress risk premium.

  1. 1. Caring for migrant women affected by sexual and gender-based violence: Experiences of healthcare providers in Europe and North America : A meta-synthesis

    University essay from Uppsala universitet/Internationell mödra- och barnhälsovård (IMCH)

    Author : Thea Liljeroos; [2019]
    Keywords : Migration; Gender-based violence; Sexual violence; Healthcare provider perceptions;

    Abstract : Introduction: Sexual and gender-based violence (SGBV) is a violation against human rights with severe implications for the health of women globally. Migrant women may be exposed to a heightened risk of SGBV as well as obstacles that impair their ability to respond to violence and access care. READ MORE

  3. 2. Risky Business - Modelling Distress on the Swedish Market

    University essay from Lunds universitet/Nationalekonomiska institutionen

    Author : Johanna Hallstedt; Kajsa Öström; [2018]
    Keywords : Distress risk; credit ratings; ordered probit model; distress risk premium; Nasdaq Stockholm; Business and Economics;

    Abstract : Financial distress is costly for a company and affects many stakeholders. Although models of distress and default have been constructed and developed by researchers for a long time, a model adapted to the unique characteristics of the Swedish market is still missing. READ MORE

  4. 3. Investing on the risk of company bankruptcy

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

    Author : Jan Wocalewski; Simon Bergman; [2017]
    Keywords : Skogsvik 1990 s pfail; Distress risk anomaly; CAPM; Portfolio analysis; Cross sectional regressions;

    Abstract : We investigate the risk-return relationship between bankruptcy risk, measured by Skogsvik (1990)'s probability of firm failure ("pfail"), and stock returns on a refined stock sample on Stockholmsbörsen between 2002 and 2017. Using portfolio analysis and cross sectional regressions inspired by Fama-MacBeth (1973), we find lacking evidence to support a distress risk premium. READ MORE

  5. 4. Distress Risk - Quality or Junk? Nordic evidence on the ability of distress risk to explain variations in stock returns

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

    Author : Parham Abuhamzeh; Axel Malgerud; [2015]
    Keywords : Distress Anomaly; Probability of Failure; Cross Section; Asset Pricing Models; Stock Price Reaction;

    Abstract : The risk-return paradigm suggests there should be a positive association between distress risk (i.e. the probability of firm failure) and subsequent excess stock returns. However, we present puzzling evidence suggesting investors are not compensated for taking on additional distress risk. READ MORE

  6. 5. The Relationship between Expected Returns and Financial Distress Risk. Implication for Corporate Valuation

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Jan Seitz; Vilma Raisyte; [2013]
    Keywords : Financial Distress; Implied Cost of Equity; CAPM; Altman Z-Score; Distance-to-Default;

    Abstract : Using portfolio and regression analysis, this study examines the expected returns of European companies for the period 2000-2011 with respect to financial distress risk in order to provide practical implications for corporate valuation. The relationship between realized returns and financial distress risk is found to be negative, in line with the financial distress risk anomaly acknowledged in the existing literature. READ MORE