Essays about: "valuation"

Showing result 1 - 5 of 640 essays containing the word valuation.

  1. 1. Profit Expectations of Startups in the Nordics

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

    Author : Ian Clark; Junehee Han; [2021]
    Keywords : Fundamental valuation; implied return on equity; profit expectations; residual income valuation; startups;

    Abstract : This paper investigates the reasonableness of the expected returns on equity for startups in the Nordics. With a sample of 109 companies listed in Sweden, Norway, Finland, and Denmark, we deduce the market's expected profitability represented by the implied return on equity from a Residual Income Valuation (RIV) model through reverse engineering. READ MORE

  2. 2. Market Reactions to Stock Recommendations in Business Media: An Event Study on Publications by Börsplus

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

    Author : Lucas Häggström; [2021]
    Keywords : Efficient Market Hypothesis; Price Pressure Hypothesis; Information Hypothesis; Business Media; Stock Recommendations;

    Abstract : The aim of this thesis was to further the understanding of how business media affects stock markets. That was achieved by studying market reactions to the publication of stock recommendations by Börsplus on the Swedish stock market during the minutes and days following the publication of the recommendations. READ MORE

  3. 3. Value Relevance of Environmental, Social, and Governance (ESG) Performance: Evidence from the Nordics

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Cheuk Hee Cheung; [2021]
    Keywords : Equity Valuation; Environmental Performance; Social Performance; Governance Performance; Financial Accounting;

    Abstract : This study looks at the value relevance of ESG performance factors in Nordic companies during the period 2014 to 2018. Data are collected from the Resility Nordic Compass Sustainable Economics Datasets, Finbas and S&P Capital IQ. Relationships of market value of Nordic companies and corporate ESG performance are explored. READ MORE

  4. 4. Deep learning exotic derivatives

    University essay from Uppsala universitet/Avdelningen för systemteknik

    Author : Gunnlaugur Geirsson; [2021]
    Keywords : deep learning; neural networks; derivative pricing; automatic differentiation; Monte Carlo; transfer learning; structured products; risk sensitivities; valuation; autocalls;

    Abstract : Monte Carlo methods in derivative pricing are computationally expensive, in particular for evaluating models partial derivatives with regard to inputs. This research proposes the use of deep learning to approximate such valuation models for highly exotic derivatives, using automatic differentiation to evaluate input sensitivities. READ MORE

  5. 5. Moving beyond a narrow definition of value investing

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Alexander Neuschmid; [2021]
    Keywords : Value investing; Asset pricing; Fundamental analysis; Profitability persistence;

    Abstract : This study shows that the information content of valuation ratios can be highly dissimilar. It presents a value measure that outperforms book-to-market not only in terms of the abnormal returns a zero-cost portfolio formed on this sorting variable generates relative to factor models, but also in terms of its ability to capture firms with a high level of profitability and a strong profitability persistence. READ MORE