Sökning: "Determinants of abnormal returns"

Visar resultat 1 - 5 av 14 uppsatser innehållade orden Determinants of abnormal 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. To Merge or Not to Merge: The Shareholder Perspective on M&As

    Magister-uppsats, Lunds universitet/Nationalekonomiska institutionen

    Författare :Gustaf Sandelin; Serge Terzian; [2023]
    Nyckelord :Mergers and acquisitions; determinants of value creation; event studies; European manufacturing industry.; Business and Economics;

    Sammanfattning : This study examines if abnormal return occurs in conjunction with merger announcements in the short-term and compares it with the compounded one-year buy-and-hold abnormal return in the long-interval for European manufacturing firms. In the final sample, the short-term study consisted of 209 firms, while the long-term incorporated 207, both during a sample period of 20 years. LÄS MER

  4. 3. Green Debt Financing : Examining Investors’ Reactions to Green Bond Announcements in Europe

    Master-uppsats, Uppsala universitet/Företagsekonomiska institutionen

    Författare :Lena Hussmann; Filip Simonsson; [2022]
    Nyckelord :Green Bond; ESG; Socially Responsible Investments; Climate Bond Initiative; European Green Bond Market; Signalling Theory;

    Sammanfattning : This paper examines what effects announcements of green bond issuances have on publicly traded firms’ stock prices in Europe. Signalling theory is used in line with suggestions from previous research to investigate potential abnormal returns. LÄS MER

  5. 4. Playing Poker without Looking at the Cards—Does it Even Matter?

    Kandidat-uppsats, Göteborgs universitet/Institutionen för nationalekonomi med statistik

    Författare :Erik Hillestad Andréasson; Gustav Blomdahl; [2021-07-06]
    Nyckelord :Special Purpose Acquisition Company; SPAC; Stock Performance; Performance Determinant; Management characteristic; C-Suite; Gender Diversity; Scope;

    Sammanfattning : In 2020, the recent boom of Special Purpose Acquisition Companies (SPACs) resulted in this financial vehicle overtaking traditional IPOs as the leading firm structure for taking companies public. The dormant structure of SPACs forces investors to primarily rely on the management team to find value-creating acqui-sitions. LÄS MER

  7. 5. Avgörande faktorer för abnormal avkastning vid aktiesplit. 

    Kandidat-uppsats, Göteborgs universitet/Institutionen för nationalekonomi med statistik

    Författare :Enok Gartvall; Carl Landahl; [2021-02-05]
    Nyckelord :;

    Sammanfattning : This thesis studies how stock splits on the Nasdaq Composite Index between 2001-2019 affect the abnormal returns around the announcement day. Furthermore, it also examines which factors may explain the abnormal returns. Four hypotheses are constructed and then tested by using an event study and a regression model. LÄS MER