Essays about: "market valuation market-to-book ratio"

Showing result 1 - 5 of 6 essays containing the words market valuation market-to-book ratio.

  1. 1. Dressed for success when entering the Swedish market : Changes and composition of the board of directors in IPO companies and the effect on firm valuation

    University essay from Uppsala universitet/Företagsekonomiska institutionen

    Author : Erik Staaf; Joel Gotthardsson; [2022]
    Keywords : IPO; Valuation; Corporate Governance; Board of Directors; Agency Theory;

    Abstract : The initial public offering (IPO) of a company is characterized by uncertainty, and a large body of research has focused primarily on underpricing. This study takes a different approach by examining the changes and composition of the board of directors in IPO companies and the effect on market valuation measured by the market-to-book ratio. READ MORE

  3. 2. Stock Valuation, Dividends and Learning Through Age: how learning about a firm and its dividend policy affects its valuation

    University essay from Lunds universitet/Nationalekonomiska institutionen

    Author : Yousef Kaddoura; Marius Rrapushaj; [2018]
    Keywords : Market-to-Book Ratio; Firm value; Learning effects; Dividends; Uncertainty; Over optimism; Fama-MacBeth.; Business and Economics;

    Abstract : This paper looks into how learning about firms and their dividend policy affects their valuation, while comparing the results between North American and German firms. Learning is observed through the age of a firm,where the market-to-book ratio (M/B) is predicted to decline over a firm’s lifespan. READ MORE

  4. 3. Controversial Industries: does it pay to ignore social norms?

    University essay from Uppsala universitet/Företagsekonomiska institutionen

    Author : M.R.T.M. van Nuenen; [2018]
    Keywords : Sin stocks; Controversial Industries; Social norms; Fama-French Five-Factor Model; Carhart Model; Bet against Beta factor;

    Abstract : This paper investigates the impact of social norms on the performance and valuation of “controversial stocks”- publicly traded companies involved in the production of Adult Entertainment, Alcohol, Gambling, Nuclear Energy, Tobacco, Uranium, and Weapons. Their performance and valuation is directly compared with compare non-controversial stocks. READ MORE

  5. 4. Investors’ Pursuit of Positive Skewness in Stock Returns. An empirical study of the Skewness effect on market-to-book ratio

    University essay from Göteborgs universitet/Graduate School

    Author : Amir Omed; Jiayin Song; [2014-07-23]
    Keywords : ;

    Abstract : This paper finds that higher positive skewness in stocks’ return distribution may lead to higher valuation in terms of market-to-book ratio. In addition, we find that this relationship was not affected by the recent financial crisis in 2008. These inferences remain qualitatively unchanged subject to robustness testing. READ MORE

  6. 5. Valuation Using Multiples - Accuracy and Error Determinants

    University essay from Lunds universitet/Företagsekonomiska institutionen

    Author : Johan Lillhage; Daniel Ek; [2012]
    Keywords : Valuation; Multiples; Accuracy; Error Determinants; Discounted Cash Flow model; DCF; Market Efficiency Hypothesis; Mispricing; Panel Data; Market to Book ratio; Firm Size; Volatility; R D.; Business and Economics;

    Abstract : The purpose of this thesis is to investigate how accurate multiple valuations are in relation to the DCF. Furthermore, the accuracy of equity and entity multiples will be compared. Finally, we will try to determine the factors underlying the valuation errors. READ MORE