Sökning: "Daniel Gardtman"

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  1. 1. The Risk-Free Rate’s Impact on Stock Returns with Representative Fund Managers

    Magister-uppsats, Lunds universitet/Företagsekonomiska institutionen

    Författare :Daniel Gardtman; Simon Svensson; [2013]
    Nyckelord :Asset Pricing; Agency Problem; Fund Managers; Risk-Free Rate; Risk Aversion; Stock Returns; Business and Economics;

    Sammanfattning : In this thesis, the risk-free rate’s impact on stock market excess returns was examined. Firstly, theoretical arguments were made for that a low risk-free rate might lower the excess return on the stock market, since this increases the incentive for fund managers to increase variance of returns. LÄS MER