Sökning: "European equity markets"
Visar resultat 1 - 5 av 54 uppsatser innehållade orden European equity markets.
1. Pursuit of Excess Returns: Deciphering Performance in European Buyout Funds A Detailed Exploration of Relative Returns and Their Determinants
Master-uppsats, Göteborgs universitet/Graduate SchoolSammanfattning : This paper investigates the relative performance of European buyout funds compared to public markets. Using a sample of mature buyout funds, obtained from European limited partners, with vintages between 1995 and 2013, we find that a European buyout fund, on average, outperforms the STOXX Europe 600 index by 52% over its lifetime. LÄS MER
2. Revisiting the Idiosyncratic Volatility Puzzle and MAX Effect in European Equity Markets
D-uppsats, Handelshögskolan i Stockholm/Institutionen för finansiell ekonomiSammanfattning : In light of traditional financial theory's argument that firm-specific risk should not impact future returns, the findings of the Idiosyncratic Volatility (IVOL) puzzle, as well as the Maximum Daily Returns (MAX) effect, have sparked a vibrant academic debate. Using data from January, 1993, to December, 2022, this paper presents European aggregate and country-level evidence at the intersection between the two asset pricing anomalies. LÄS MER
3. Quantifying the Impact of EU-US "Distressed" Financial Market Integration on European Credit Supply
Master-uppsats, Lunds universitet/Nationalekonomiska institutionenSammanfattning : This paper proposes a new method for quantifying financial integration by adapting Adrian & Brunnermeier (2016)’s ΔCoVaR to conform with standard asset pricing literature (Lewellen & Nagel 2006, Cochrane 2009). We reconcile ΔCoVaR with standard microeconomic theory (Waller & Lewarne 1994) and test for causal relationships with respect to the contagion of US acute financial shocks to the EU’s loan supply. LÄS MER
4. Private Firms with Public Debt: Empirical Findings of First Time Bond Issuers
D-uppsats, Handelshögskolan i Stockholm/Institutionen för finansiell ekonomiSammanfattning : This paper studies inaugural bond issues made by private firms in relation to public equity firms on Western European bond markets. By combining data on security issues and company financial statements, we examine firm and bond characteristics of the respective type of firm. LÄS MER
5. An Efficient Market Study of European CDS and Equity Markets
Master-uppsats, Umeå universitet/FöretagsekonomiSammanfattning : This thesis investigates the price discovery process between the stock and the credit default swap market (CDS). We link the financial theory of efficient markets and the underlying models and conditions involved in CDSs, the stock market and financial crashes. LÄS MER