Essays about: "noise trader risk"

Found 3 essays containing the words noise trader risk.

  1. 1. Does Noise Trader Risk Repel Arbitrageurs? Evidence from Chinese A-H Share Premia

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Qing Zhu; Haihui Li; [2020]
    Keywords : noise trader risk; A-H premia; volatility; investor sentiment; limits to arbitrage;

    Abstract : What causes the Chinese A-H share premia puzzle? A-shares enjoy a premium over corresponding H-shares on average by 125%, despite the same rights and dividends. The existing hypotheses such as differential risk, differential demand, liquidity, and asymmetric information cannot successfully account for the great magnitude of inflated A-share prices and are also inconsistent with our sample from 2014-2019. READ MORE

  3. 2. Examining the Deviation to Net Asset Value for Swedish Listed Property Companies

    University essay from KTH/Fastigheter och byggande

    Author : Tomas Shaw; Matilda Wåhlin; [2016]
    Keywords : Deviation to NAV; Panel data; Real Estate; Substansrabatt; Substanspremie; Panel data;

    Abstract : Net asset value (NAV) is commonly used to represent the value of a property company. For listed property companies a secondary valuation occurs simultaneously as the company’s stocks are traded on the stock market. READ MORE

  4. 3. Swedish Investment Companies and Behavioral Determinants of the Relative Valuation to NAV

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Mattias Svensson; Olle Boström; [2015]
    Keywords : Swedish investment companies; Closed-end fund discount; Noise traders; Behavioral finance;

    Abstract : The discount to Net Asset Value (NAV) in Swedish investment companies is a phenomenon that has been present for decades. This study aims to explain part of the discount valuation without taking firm-specific characteristics into consideration. Instead, we use several regression models where only market-wide behavioral arguments are used. READ MORE