Sökning: "abnormal announcement returns"

Visar resultat 1 - 5 av 216 uppsatser innehållade orden abnormal announcement returns.

1. 1. The Impact of Spin-offs on Shareholder Value : Evidence from the Swedish Market 1991-2022

   Master-uppsats, Uppsala universitet/Företagsekonomiska institutionen

   Författare :Moa Landing; Gustav Swedenborg; [2023]
   Nyckelord :Spin-offs; Corporate restructurings; Abnormal returns; Determinants of abnormal returns;

   Sammanfattning : This thesis uses an event study methodology to investigate the short- and long-term effect on shareholder value from Lex ASEA-approved spin-offs' on the Swedish market between 1991-2022. The impact of spin-offs has been examined by estimating the effects on the parent firm, the spun-off entity, and a value-weighted pro-forma entity. LÄS MER

3. 2. Payment Method and Public Acquiror Returns: Evidence from the U.S. Market for Corporate Control

   C-uppsats, Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Författare :Filip Toncev; [2023]
   Nyckelord :Mergers Acquisitions; Public Acquiror; Payment Method; Financial Stress; Abnormal Return;

   Sammanfattning : This thesis examines the relationship between method of payment, financial stress, and acquiror abnormal returns using a sample of 676 acquisitions by NYSE, NYSE American, and Nasdaq listed non-financial, non-utility firms. In normal market conditions the results are generally consistent with previous findings, with stock acquisitions of private targets generating the highest abnormal returns. LÄS MER

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

   D-uppsats, Handelshögskolan i Stockholm/Institutionen för redovisning och finansiering

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

   Sammanfattning : 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. LÄS MER

5. 4. Marknadens reaktion vid avslutade aktieåterköpsprogram

   Kandidat-uppsats, Uppsala universitet/Företagsekonomiska institutionen

   Författare :Baltzar Loeper; Camarena Ricardo; [2023]
   Nyckelord :Share Buyback Program; Buy-and-Hold Abnormal Return; Abnormal Return; Market Reaction; Market Capitalization; Market-to-Book ratio; Aktieåterköpsprogram; Buy-and-Hold Abnormal Return; Avvikelseavkastning; Marknadsreaktion; Börsvärde; Market-to-Book kvot;

   Sammanfattning : This paper investigates the long-run market effects of open market share repurchase programs, specifically focusing on the influence of firm size (market capitalization) and market-to-book ratio on long-run abnormal returns. The study utilizes data from financial databases, including Nasdaq Stockholm and Eikon, as well as information from initiation announcements and other publicly available documents provided by firms listed on the Stockholm Stock Exchange from 2015 to 2022. LÄS MER

7. 5. Credible Engagements or Empty Promises? A Study of Investors' Reactions to Commitment to the Science-Based Target Initiative

   C-uppsats, Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Författare :Theodor Minnhagen; Alexander Stenberg; [2023]
   Nyckelord :Sustainability; ESG; Science-Based Targets Initiative; Event Study; Abnormal Returns;

   Sammanfattning : This paper seeks to explore the short-term financial implications of a commitment to the Science-Based Targets Initiative (SBTi), a previously sparsely researched topic in financial literature. By employing an event study methodology, the findings point towards a non-conclusive link between a commitment to the SBTi and abnormal returns around the date of commitment. LÄS MER