Advanced search

Showing result 1 - 5 of 27 essays matching the above criteria.

1. 1. Unlocking Shareholder Value : A Study of Mergers and Acquisitions in Sweden

   University essay from Uppsala universitet/Företagsekonomiska institutionen

   Author : Adam Becker; Ludvig Engström; [2023]
   Keywords : mergers and acquisitions; event study; signalling theory; agency theory; strategic fit; cumulative abnormal returns; buy-and-hold abnormal returns; short-term stock performance; long-term stock performance;

   Abstract : This thesis examines whether mergers and acquisitions (M&A), ranging from 2009 to 2020, are value-generating for acquiring shareholders in the short-term and long-term of companies listed on the Stockholm Stock Exchange. A cohesive and integrated theoretical framework is formed in which six firm-specific and deal-specific variables are hypothesized to have varying impacts on both short- and long-term stock performance for acquiring shareholders. READ MORE

3. 2. Residual Momentum and Volatility – Managed Portfolios : A Study on the Swedish Equity Market

   University essay from KTH/Fastighetsföretagande och finansiella system

   Author : Erik Huss; Mario Ishak; [2022]
   Keywords : Residual Momentum; Volatility Management; Asset Pricing; Volatility Scaling; Momentum; Transaction Costs; Idiosynkratiskt Momentum; Riskstrategier; Tillgångsprissättning; Momentum; Transaktionskostnader;

   Abstract : In this paper, we present empirical results from the Swedish equity market when testingdifferent strategies aiming at enhancing the performance of a momentum strategy, over a timeperiod from 2000 to 2021. Similar to research conducted on other markets, we find theexistence of a momentum premium on the Swedish equity market, but with a return that is fattailed and negatively skewed. READ MORE

4. 3. Mergers and Acquisitions - Motives, Success factors, Due diligence & the Integration phase : A qualitative study concucted on three listed Swedish companies

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

   Author : Olle Jansson; Victor Ericsson; [2022]
   Keywords : Mergers and Acquisitions; due diligence; integration; integration strategy; M A process;

   Abstract : Background: In year 2021 M&A deals accounted for 5.1 trillion US dollars which crushed the last record of 4.1 trillion US dollars. The strategy of creating shareholder value by acquiring, merging or through other restructuring activities is accelerating at an increasing pace. READ MORE

5. 4. An empirical analysis of M&A bidders' profitability: the impact of financial and sovereign debt crises

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Mirko Battini; [2021]
   Keywords : M A; Bidders profitability; Nordics; Italy; crises;

   Abstract : Expert often wonder what is the best time to announce an M&A. It is well known that M&A bidders usually register a negative stock performance at the transaction announcement. This study aims to investigate if the bidders' performance improves when the M&A is announced during a crisis period. READ MORE

6. 5. Momentum and Trend in Sweden: Enhancing profits and limiting downside risk by using indicators from different time horizons

   University essay from Göteborgs universitet/Graduate School

   Author : Alan Dari Lindahl; Jan Wiki; [2020-07-07]
   Keywords : momentum; momentum crash; echo; trend; moving averages; cross-section; downside risks; predictability; factor models; turnover; transaction costs;

   Abstract : Although being one of the most robust anomalies ever discovered, the momentum factor occasionally suffer big losses during market recessions periods. We apply and compare different factor models, and find that when sorting the momentum factor on prior 2-6 months it earns a higher average monthly return compared to the common sorting on prior 2-12 months. READ MORE