Sökning: "Accounting-Based Valuation"

Visar resultat 1 - 5 av 13 uppsatser innehållade orden Accounting-Based Valuation.

1. 1. The Missing Ingredient: How to improve value investing in the information age

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

   Författare :Robin Grawe; Kjell Thomsen; [2023]
   Nyckelord :Value investing; Fama-French; Intangible Assets; Accounting-based valuation;

   Sammanfattning : This thesis aims to inform a value investing strategy in specific niches of European firms by adjusting the book-to-market (B/M) ratio for intangible assets. An increase in intangible assets' importance for corporate value creation coupled with a lack of amendments to their accounting treatment has led to debates on the value relevance and accuracy of accounting information, including the B/M ratio used to derive value premiums. LÄS MER

3. 2. Komponentmetoden : En studie som berör tillämpningen av redovisning i komponenter utifrån fastighetsförvaltande bolag

   Kandidat-uppsats, Linnéuniversitetet/Institutionen för management (MAN)

   Författare :Isac Almén; Frida Olausson; Martin Sonesson; [2023]
   Nyckelord :Component accounting; component method; component depreciation; componentization; K3; BFNAR 2012:1 ; component valuation; real estate accounting; property accounting; real estate industry; Komponentredovisning; komponentmetoden; komponentavskrivning; komponentansats; K3; BFNAR 2012:1 ; komponentvärdering; fastighetsredovisning; fastighetsbranschen;

   Sammanfattning : Komponentmetoden berör den bokföringsmässiga hanteringen av materiella anläggningstillgångar. I många avseenden kan dessa bestå av olika delar förknippade med olika förbrukningstakt och nyttjandeperioder. LÄS MER

4. 3. Accounting for the Measurement Bias: A Study of Market Efficiency in the United States and the Relevance of Extensive Fundamental Analysis in Equity Valuation

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

   Författare :Erik Bergmark; Hugo Freudenthal; [2023]
   Nyckelord :Accounting valuation bias; Fundamental analysis; Horizon Value; Market mispricing; Residual income valuation;

   Sammanfattning : This thesis investigates abnormal returns over the period 1983-2021 from an investment strategy that is based on public accounting information. Investment positions are taken in US manufacturing firms and are held for 36 months using a self-financing (hedged) portfolio. LÄS MER

5. 4. Improving Pricing Accuracy of the Abnormal Earnings Growth Model - Does a Fade-Away Factor Do the Trick?

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

   Författare :Frederik Uwe Sell; Reka Ondrusek; [2022]
   Nyckelord :Equity valuation; Accounting-based valuation; Abnormal earnings; Pricing accuracy;

   Sammanfattning : In this thesis, we examine whether the pricing accuracy of the parsimonious AEG model can be improved when industry-specific fade-away factors of AEG are acknowledged in the model. In order to answer this question, the study uses three different methods, namely a simple linear regression, a graph analysis, and a calculation of implied fade-away factors, to derive industry-specific patterns. LÄS MER

7. 5. Bankruptcy Risk and Market Rationality During Covid-19: Swedish Evidence

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

   Författare :Leo Allebeck; Andre Lagerkvist; [2021]
   Nyckelord :Bankruptcy risk; Market rationality; Covid-19; Residual income valuation; Accounting based bankruptcy prediction;

   Sammanfattning : Purpose: To examine the changes in bankruptcy risk that occurred during the beginning of the Covid-19 pandemic for companies listed on Nasdaq Stockholm, and to test market rationality regarding i) the changes in bankruptcy risk, ii) the equity risk premium associated with bankruptcy risk in the 1-year period after the market trough. Method: Bankruptcy risk is estimated with the Skogsvik (1990) model and a bankruptcy risk calibrated Residual Income Valuation model. LÄS MER