Essays about: "news announcements"

Showing result 16 - 20 of 27 essays containing the words news announcements.

  1. 16. Post- Credit Announcement Drift- An Empirical Assessment of Credit Rating Announcements and Their Influence on the US Equity Market

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

    Author : Ebba Lilliehöök; Oliver Peldius; [2015]
    Keywords : Post-Credit Announcement Drift; Market Efficiency; Abnormal Returns; Credit Rating Changes; Credit Rating Agencies;

    Abstract : The aim of this study is twofold; (i) to investigate whether credit rating announcements result in a drift in stock prices on the US equity market and, if proven, (ii) how the drift is affected by firm size and the presence of extreme credit rating announcements. Using a sample of 2 922 credit rating announcements, this study examines the long-run stock performance subsequent to credit rating announcements, i. READ MORE

  3. 17. An Empirical Study on Market Response to Corporate Debt Announcements

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Yuan Liu; Yangyang Wang; [2015]
    Keywords : public traded debt; bank loan; debt announcement; abnormal stock return;

    Abstract : James (1987) finds a positive relationship between stock price change and bank loan announcements and a non-positive relationship between stock price change and public traded debt announcements. Other studies also confirm that the stock market prefers bank loan announcement to public debt announcement and find some driving factors for the difference. READ MORE

  4. 18. RETURN PATTERNS PROXIMAL TO CENTRAL BANK RATE DECISION ANNOUNCEMENTS : OMX 30 excess return and monetary policy announcements

    University essay from Stockholms universitet/Finansiering

    Author : Paul Linus Martin Åkerström; [2014]
    Keywords : FOMC announcements; Monetary policy announcement; News shock; Anomaly: Market efficiency; Momentum trading;

    Abstract : In this study, it is determined that excess returns on the OMX 30 are confirmed to rise in anticipation of monetary policy decisions made by the central banks of Sweden and The United States of America. Those findings were manifested at a greater magnitude on the first day prior to the announcements and on a statistically significant level one day prior to monetary policy decisions from the Federal Open Market Committee. READ MORE

  5. 19. Earnings Announcements In The Credit Default Swap Market - An Event Study

    University essay from Uppsala universitet/Företagsekonomiska institutionen

    Author : Martin Johansson; Johanna Nederberg; [2014]
    Keywords : Credit default swaps; European CDS market; Earnings announcements; Earnings surprises; Event study; Market efficiency;

    Abstract : This paper investigates the European CDS markets response to earnings announcements between the years 2011-2013. Through the use of event study methodology, we investigate if the CDS market reacts to earnings news in terms of abnormal spread changes. READ MORE

  6. 20. Measuring Swedish Investor Sentiment and its Effect on Stock Market Response to Earnings News

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

    Author : Samuel Sjöström; Carl Magnus Lindblom; [2013]
    Keywords : Investor sentiment; Earnings response; Swedish capital markets; Efficient market hypothesis; Behavioral finance;

    Abstract : The purpose of this thesis is to examine whether the Swedish stock market reacts differently to earnings announcements during periods of high investor sentiment than during periods of low investor sentiment. We define investor sentiment as investor beliefs about future cash flows or discount rates not supported by prevailing economic and financial fundamentals. READ MORE