Essays about: "stock market efficiency hypothesis"

Showing result 1 - 5 of 77 essays containing the words stock market efficiency hypothesis.

  1. 1. Testing the Adaptive Market Hypothesis on the Swedish Stock Market - Empirical evidence between 1990-2019

    University essay from

    Author : Jacob Allestam; Filip Sjöberg; [2023-06-29]
    Keywords : Adaptive market hypothesis; market efficiency; market conditions; return predictability; trading strategy;

    Abstract : This study examines if the adaptive market hypothesis holds for the Swedish stock market between 1990 and 2019. We use Affärsvärldens Generalindex and test for time-varying return predictability by implementing a variance ratio test and an autocorrelation test. To track how market efficiency evolves over time we use a two-year moving subsample. READ MORE

  3. 2. The granddaddy of underreaction events: Post-earnings announcement drift and information noisiness on the Swedish market

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

    Author : Sofia Berlin; Gustav Sandelin; [2023]
    Keywords : Post-earnings announcement drift; market efficiency; earnings surprises; information noisiness; stock price synchronicity;

    Abstract : This paper aims to answer the question of whether there is an existence of post-earnings announcement drift on the Swedish stock market and to what extent it can be explained by information noisiness. A sample of publicly listed firms on the Swedish stock market from 2002 to 2019 is used and the research design includes four different approaches to estimating earnings surprises which is a crucial step in investigating PEAD. READ MORE

  4. 3. In the Line of Fire: A Study of Market Efficiency in the Context of Wildfires and Stock Market Reactions

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

    Author : Isak Kristoffersson; Markus Lind; [2023]
    Keywords : Climate Disaster Events; Wildfires; Fire Weather Index; Fire Severity Rating; Efficient Market Hypothesis;

    Abstract : Climate research finds that climate change and raising global temperatures increase the risk and severity of wildfires. However, the impact varies substantially based on geographical location and causes a dispersion in wildfire trends. READ MORE

  5. 4. Corporate Social Responsibility and the Stock Market : How were H&M stock prices affected by revelations of greenwashing practices and the following lawsuit?

    University essay from Uppsala universitet/Nationalekonomiska institutionen

    Author : Alma Rosén; Esther Lharidon; [2023]
    Keywords : ;

    Abstract : This thesis investigates the effect of new information regarding lack of corporate social responsibility on stock prices. This investigation is carried out through the analysis of how two different events relating to faulty corporate social responsibility (CSR) affected H&M stock prices. READ MORE

  6. 5. Luck or skills for short sellers

    University essay from Linnéuniversitetet/Institutionen för ekonomistyrning och logistik (ELO)

    Author : Jonathan Nagy; Oscar Gustavsson; [2022]
    Keywords : Short selling; Investment strategy; Behavioral finance; Swedish stock market; Excess return; Large cap; Swedish Financial Authority;

    Abstract : This study has examined the ten most shorted shares belonging to the Swedish Stockholm Stock Exchange's Large Cap list, by following randomly selected financial institutions that have chosen to take short positions. The purpose of the study is to investigate whether it is possible for short sellers to generate an excess return compared to the index OMXS30GI. READ MORE