Essays about: "risk-return relationship"

Showing result 1 - 5 of 27 essays containing the words risk-return relationship.

  1. 1. Employee representation on the board of directors and its implications on corporate risk- A quantitative study on diverging stakeholder preferences

    University essay from Göteborgs universitet/Graduate School

    Author : Filip Engelholm; Lukas Nyström; [2022-06-30]
    Keywords : Board level employee representation; Codetermination; Risk preferences; Stakeholder incentives; Agency conflict; Corporate governance;

    Abstract : This study investigates how board-level employee representation (BLER) impacts the risk profile of a firm. More specifically, it investigates whether the binary presence of employees in the board room, or the relative ratio of votes allocated to employees, leads to reduced total, idiosyncratic, or systematic risk. READ MORE

  3. 2. GP stakes in Private Equity: An Empirical Analysis of Minority Stakes in Private Equity Firms

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Jonatan Gustafsson; Erik Fogelström; [2020]
    Keywords : GP Stakes; Minority Stakes; Private Equity; Agency Conflicts; Difference-in-Differences;

    Abstract : This study examines the phenomenon of minority stakes in Private Equity firms ("GP stakes") and specifically the motives behind such deals and their fund-level impact on target firms. We use a unique dataset on GP stake deals between 1988-2020 to empirically analyze the motivations behind GP stakes using logit regressions and their fund level impact using a Difference-in- Differences (DiD) approach with fixed effects. READ MORE

  4. 3. Momentum Returns in Different Market Climates: Evidence from the Pakistani Stock Market

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Ludvig Övergaard; Sebastian Benic; [2019]
    Keywords : Momentum Returns; Pakistani Stock Market; Market Climates; Dual Beta;

    Abstract : In our study, we investigate the risk-return relationship under different market-climates for the momentum strategy on the Pakistan stock exchange (PSX) between February 1999 and February 2019. We test three strategies with different formation/holding-periods; 3/3, 6/6 and 12/3. We use a single-factor model (CAPM) to analyze these relationships. READ MORE

  5. 4. Caring About Carbon: An Analysis of the Carbon Risk-Return Relationship in the European Market

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Alexandra Gluckman; [2019]
    Keywords : Carbon Risk; Emissions; Risk Premium; Expected Returns;

    Abstract : As the awareness of climate change grows, so does the pressure to shift to a low-emission society. This has given rise to the concept of carbon risk, which is the risk of economic consequences companies face as a result of their emissions. READ MORE

  6. 5. The Swedish equity market: Anomalies and pricing contributions using portfolio sorting techniques

    University essay from Göteborgs universitet/Graduate School

    Author : Max Hulth; Gustav Nilsson; [2018-07-04]
    Keywords : Asset pricing; Anomalies; Portfolio sorting; CAPM; Fama French three-factor model; Carhart four-factor model;

    Abstract : The Capital Asset Pricing Model (CAPM) is a widely used tool to describe the risk-return relationship for stocks. Several studies focusing on asset pricing have during the last decades indicated that the one-factor model CAPM is associated with limitations to explain the cross-sectional and time variation in expected stock returns. READ MORE