Sökning: "Deviation to NAV"

Visar resultat 1 - 5 av 6 uppsatser innehållade orden Deviation to NAV.

  1. 1. Listed Property Company Valuation

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

    Författare :Marcus Runström; Ludvig Eksandh; [2022]
    Nyckelord :Listed Swedish property companies; Closed-end fund puzzle; Noise trader model; NAV premium and discount; Property company valuation;

    Sammanfattning : Among stock market participants, the existence and persistence of deviations between a property company's market capitalization and Net Asset Value are well-recognized. This deviation has a clear link to the premiums and discounts to NAV of closed-end funds, which is referred to as the closed-end fund puzzle in financial economics. LÄS MER

  3. 2. Procyclical effects of fair value accounting : A study of Nordic investment property companies

    Magister-uppsats, Högskolan Väst/Avd för företagsekonomi

    Författare :Jonas Andersson; Frank van Dorsselaer; [2021]
    Nyckelord :Fair value accounting; IFRS; investment property; dividends; NAV deviation;

    Sammanfattning : Fair value accounting for investment property has been mandatory in the EU since the adoption of IFRS 13 and has been both heavily criticized and praised. Previous research suggests that there are some inherent issues with fair value accounting for investment property, such as lacking reliability and persistence of reported unrealized earnings. LÄS MER

  4. 3. Vad påverkar värderingen av investmentbolag : En kvantitativ studie om investmentbolagens avvikelser från substansvärdet

    Magister-uppsats, Linköpings universitet/Institutionen för ekonomisk och industriell utveckling

    Författare :Ludwig Belin; Adam Janselius; [2020]
    Nyckelord :Closed-end fund; valuation; NAV discount; NAV premium; herding; Investmentbolag; värdering; substanspremie; substansrabatt; flockbeteende;

    Sammanfattning : Bakgrund: Investmentbolag hanterar kapital och investerar i huvudsak i andra aktiebolag. Ett vanligt tillvägagångssätt när det kommer till att värdera ett investmentbolag är att analysera substansvärdet. LÄS MER

  5. 4. Closed-End Funds and their Net Asset Value over time : A study of the relationship between Swedish closed-end funds' market prices and their underlying assets over a period of time.

    Kandidat-uppsats, Jönköping University/IHH, Nationalekonomi

    Författare :Erik Cederberg; Linus Schnitzer; [2020]
    Nyckelord :Closed-end fund; Net Asset Value; Mean Reversion; Closed-end fund discount; Stock market; Investment strategy; Cointegration; Error Correction;

    Sammanfattning : Closed-end funds (CEFs) are popular investments amongst the Swedish population as they provide diversification to investors and have in many cases historically outperformed the market. In deciding whether to invest in a CEF, the method of valuation differs from classical financial ratios used to value most companies, as the revenue-bringing operations differ significantly. LÄS MER

  7. 5. The Closed-End Investment Company NAV Deviation Puzzle: What does the Industry Reveal?

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

    Författare :Max Odqvist; Jesper Warén; [2017]
    Nyckelord :NAV; NAV Deviations; Investment Company; Closed-End Fund;

    Sammanfattning : This study of net asset value deviations ("NAV deviations") is conducted with a qualitative method to find explanations for NAV deviations by testing the entrenchment of current theories in Swedish investment companies. The study was conducted through a total of 15 interviews with representatives from investment companies, equity research analysts and fund managers. LÄS MER