Sökning: "noise trader risk"

Hittade 3 uppsatser innehållade orden noise trader risk.

  1. 1. Does Noise Trader Risk Repel Arbitrageurs? Evidence from Chinese A-H Share Premia

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

    Författare :Qing Zhu; Haihui Li; [2020]
    Nyckelord :noise trader risk; A-H premia; volatility; investor sentiment; limits to arbitrage;

    Sammanfattning : What causes the Chinese A-H share premia puzzle? A-shares enjoy a premium over corresponding H-shares on average by 125%, despite the same rights and dividends. The existing hypotheses such as differential risk, differential demand, liquidity, and asymmetric information cannot successfully account for the great magnitude of inflated A-share prices and are also inconsistent with our sample from 2014-2019. LÄS MER

  3. 2. Examining the Deviation to Net Asset Value for Swedish Listed Property Companies

    Master-uppsats, KTH/Fastigheter och byggande

    Författare :Tomas Shaw; Matilda Wåhlin; [2016]
    Nyckelord :Deviation to NAV; Panel data; Real Estate; Substansrabatt; Substanspremie; Panel data;

    Sammanfattning : Net asset value (NAV) is commonly used to represent the value of a property company. For listed property companies a secondary valuation occurs simultaneously as the company’s stocks are traded on the stock market. LÄS MER

  4. 3. Swedish Investment Companies and Behavioral Determinants of the Relative Valuation to NAV

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

    Författare :Mattias Svensson; Olle Boström; [2015]
    Nyckelord :Swedish investment companies; Closed-end fund discount; Noise traders; Behavioral finance;

    Sammanfattning : The discount to Net Asset Value (NAV) in Swedish investment companies is a phenomenon that has been present for decades. This study aims to explain part of the discount valuation without taking firm-specific characteristics into consideration. Instead, we use several regression models where only market-wide behavioral arguments are used. LÄS MER