Sökning: "Efficient market anomaly"

Visar resultat 21 - 25 av 39 uppsatser innehållade orden Efficient market anomaly.

  1. 21. Post Earnings Announcement Drift in Sweden : Evidence and application of theories in Behavioural Finance

    Magister-uppsats, IHH, Företagsekonomi

    Författare :Fredrik Magnusson; [2012]
    Nyckelord :Post Earnings Announcement Drift; Behavioral Finance; Efficient Markets; Analyst Forecast Error;

    Sammanfattning : The post earnings announcement drift is a market anomaly causing a firms cumulative abnormal returns to drift in the direction of an earnings surprise. By measuring quarterly earnings surprises using two measures. The first based upon a times series prediction and the other based upon on analyst forecast errors. LÄS MER

  3. 22. Value Investment Strategy : Robustness test and application of Piotroski’s model in 4 different markets

    Magister-uppsats, Handelshögskolan vid Umeå universitet (USBE)

    Författare :Patrick Jiang; Robin Moén; [2012]
    Nyckelord :Piotroski; Value Investment; Efficient market Hypothesis;

    Sammanfattning : Background A common goal for many investors is to beat the market. However, only a few are able to do so consistently over a long time. The random walk theory and the efficient market hypothesis are two widely accepted theories that state that it should not be possible to consistently generate abnormal returns in an efficient market. LÄS MER

  4. 23. Investor distraction during the Swedish summer and stock market under-reaction to companies’ earnings releases

    Master-uppsats, Företagsekonomiska institutionen

    Författare :Alyssa Guscott; My Bach; [2011]
    Nyckelord :investor distraction; investor inattention; Post Earnings Announcement Drift; PEAD; under-reaction; earnings surprise; SUE; summer; seasonal effects; buy and hold abnormal returns; abnormal returns; BHAR;

    Sammanfattning : This paper investigates whether greater investor distraction on the Swedish stock market during the summer months of June, July and August leads to a more pronounced post earnings announcement drift (PEAD) effect, during the ten year period between 2000 and 2009. PEAD is an anomaly whereby the information contained in earnings announcements is not immediately or completely incorporated into stock prices, in the cases where the announcement contains an ‘earnings surprise’. LÄS MER

  5. 24. The contemporaneity of the "January effect" : A study of the seasonal anomaly "January Effect" in Sweden

    Kandidat-uppsats, Handelshögskolan vid Umeå universitet

    Författare :Fredrik Sangberg; [2011]
    Nyckelord :Market efficient hypothesis; Efficient market anomaly; Seasonal anomaly; January effect;

    Sammanfattning : An inefficient market refers to the fact that a stock price deviate from the true value. Such an market inefficiency is the “January effect”. The “January effect” is the phenomenon were the stock market performs better in January than in any other month. LÄS MER

  7. 25. EV/EBITDA : är det supermultipeln som kan generera överavkastning?

    Magister-uppsats, Institutionen för ekonomisk och industriell utveckling; Filosofiska fakulteten

    Författare :Sandra Karlsson; Anna-Maria Najafi; [2011]
    Nyckelord :EV EBITDA; Investment strategy; EMH; anomaly; relative valuation; EV EBITDA; investeringsstrategi; EMH; anomali; relativvärdering;

    Sammanfattning : Bakgrund: Effektiva marknadshypotesen innebär att det inte går att utnyttja systematiska avvikelser på marknaden. Trots det finns det etablerade investeringsstrategier som investerare använder sig av för att generera överavkastning. LÄS MER