Sökning: "Discount to Nav"

Visar resultat 1 - 5 av 16 uppsatser innehållade orden Discount to Nav.

1. 1. Unlocking Value from Within Exploring Ownership’s Impact on Discounts to Net Asset Values in the Swedish Real estate market

   Kandidat-uppsats,

   Författare :Victor Colliander; Oscar Sköldberg; [2023-07-10]
   Nyckelord :Discount to NAV; Premium to NAV; Swedish Real Estate Firms; Ownership; Institutional; Performance; Valuation; Law of One Price;

   Sammanfattning : In recent times, the economy has undergone a rapid transformation, characterized by a notable increase in interest rates. As a consequence, real estate firms have been particularly impacted by these changes. This paper aims to investigate whether the type of ownership in a firm can influence the discount to net asset value. LÄS MER

3. 2. Unveiling the Cause of NAV-Discounts of Swedish Closed-End Funds

   Master-uppsats, Göteborgs universitet/Graduate School

   Författare :Eleonor Harrysson; Joel Johansson; [2022-06-30]
   Nyckelord :Closed-end funds; NAV-discount; non-public holdings; portfolio concentration; ownership concentration; dividend yield; past performance; PCSE; panel data study;

   Sammanfattning : Closed-end funds (CEF) have long been a crucial intermediary in the Swedish financial market by providing relatively inexpensive investment opportunities through their portfolio of public and non-public securities. Interestingly, although CEFs worldwide have been traded at a value below the cumulative value of their underlying portfolio, i.e. LÄS MER

4. 3. 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

5. 4. Which Factors and Variables could Explain Discounts and Premiums to Net Asset Value in Real Estate Companies?

   Master-uppsats, KTH/Fastighetsföretagande och finansiella system

   Författare :Dawid Mlynarczyk; Filip Mehdipoor; [2022]
   Nyckelord :Discount; Premium; NAV; Listed Real Estate companies; Regression; Substanspremie; Substansrabatt; Substansvärde; Listade Fastighetsbolag; Regression;

   Sammanfattning : There have been previous studies aimed at finding out what factors influence whether a company's shares are trading at a premium or at a discount to its net asset value. Several studies have examined all or large parts of the market but have not at an early stage focused on niche markets. LÄS MER

7. 5. “Cheap" property holding stocks: Opportunity of a lifetime or too good to be true? - An empirical test of investment strategies based on stock price / EPRA NAV multiples for Swedish property holding stocks.

   Master-uppsats, Göteborgs universitet/Graduate School

   Författare :David Goldner Yhlen; Erik Tobisson; [2020-07-01]
   Nyckelord :EPRA; EPRA NAV; NAV; property holding firms; real estate firms; efficient market hypothesis; behavioral finance; deferred tax; fair value accounting; law of one price; IFRS; IAS 40 investment property; portfolio; Value stocks; growth stocks; investment strategy;

   Sammanfattning : This thesis tests the reliability of EPRA NAV (European Public Real estate Association Net Asset Value) as a measure for stock prices in property holding firms. The law of one price dictates that the price of a listed asset should equal the price of a private asset, however, this is not the case for property holding firms as the stock prices deviate from the EPRA NAV. LÄS MER