Sökning: "Jan Wocalewski"

Hittade 2 uppsatser innehållade orden Jan Wocalewski.

1. 1. Profit-driven vs. purpose-driven? A study of the prevalence and implications of foundation ownership

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

   Författare :Jan Wocalewski; Jesper Björkman; [2019]
   Nyckelord :Foundation-owned Firms; Corporate Governance; Agency Theory; Intrinsic Motives;

   Sammanfattning : Examining the Stockholm Stock Exchange between 1999-2017, we find that foundation-owned firms on average stand for about 50 percent of the total market capitalization and 15 percent of the total number of firms, illustrating the large prevalence and implications foundations have on the Swedish business society. We identify four different categories of foundations; Family, Non-Family, Employee, and Government foundations, where the first is the largest regarding both total firms and total market capitalization. LÄS MER

3. 2. Investing on the risk of company bankruptcy

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

   Författare :Jan Wocalewski; Simon Bergman; [2017]
   Nyckelord :Skogsvik 1990 s pfail; Distress risk anomaly; CAPM; Portfolio analysis; Cross sectional regressions;

   Sammanfattning : We investigate the risk-return relationship between bankruptcy risk, measured by Skogsvik (1990)'s probability of firm failure ("pfail"), and stock returns on a refined stock sample on Stockholmsbörsen between 2002 and 2017. Using portfolio analysis and cross sectional regressions inspired by Fama-MacBeth (1973), we find lacking evidence to support a distress risk premium. LÄS MER