Sökning: "Closed-end fund discount"

Visar resultat 6 - 10 av 12 uppsatser innehållade orden Closed-end fund discount.

1. 6. 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

3. 7. Investment Companies’ Discount Fluctuation on the Swedish Market : A statistical analysis regarding different micro-   and macroeconomic factors influence on Swedish closed-end funds’ discount

   Magister-uppsats, IHH, Economics, Finance and Statistics

   Författare :Ronnie Cau Nicklasson; Simon Hansson; [2013]
   Nyckelord :Swedish; closed-end fund s ; investment companies; discount; fluctuation; time-invariant characteristics; seasonal effects; CEF; fixed- and random effect model; Hausman test; OLS regression;

   Sammanfattning : Closed-end funds’ (CEF) discount and discount fluctuations have been puzzling researchers for decades. Up to date, there are no multidimensional or cross-sectional variables that have been proved to influence CEFs simultaneously. LÄS MER

4. 8. The Discount Delusion - The Swedish Closed-End Fund Premium Puzzle

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

   Författare :Tommy Chen; Christer Tour; [2013]
   Nyckelord :Closed-End Funds; Discounts; Persistence; Sweden; Efficient Market Hypothesis;

   Sammanfattning : The final piece to the Closed-End Fund Puzzle has long eluded researchers and practitioners alike. Many attempts have been made in order to explain the existence of persistent discounts on their net asset values with varying results that sometimes outright contradict each other. LÄS MER

5. 9. Discounts in Closed-End Funds - A Study on the Swedish Market

   Magister-uppsats, Lunds universitet/Företagsekonomiska institutionen

   Författare :Erik Hagman; Robin Egerot; [2011]
   Nyckelord :CEF; discount; premium; efficient market hypothesis; investor sentiment; Management of enterprises; Företagsledning; management; Business and Economics;

   Sammanfattning : The thesis strives to use previous research as a basis to perform an up-to-date and relevant study about the CEF puzzle on the Stockholm stock exchange. Annual data for the whole population of Swedish CEFs will be studied over the time period 2006-2010. LÄS MER

7. 10. Abnormal Returns in Closed-End Funds: A study on Industrivärden

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

   Författare :Mandus Håkansson; Oscar Skog; [2010]
   Nyckelord :closed-end fund puzzle; abnormal returns; behavioral finance; discount; investor groups;

   Sammanfattning : With a starting point in previous research on the Closed-End Fund Puzzle we look at data on Industrivärden’s portfolio and stock from 1996 to 2009. We find that an investment in Industrivärden has produced annualized excess returns of 3.31 percent above the returns of its holdings for the period 1996 to 2009. LÄS MER