Sökning: "Long-Run Underperformance"

Visar resultat 16 - 20 av 26 uppsatser innehållade orden Long-Run Underperformance.

1. 16. Post-SEO Performance in the Recovery Phase of the Financial Crisis

   Magister-uppsats, Lunds universitet/Företagsekonomiska institutionen

   Författare :Richard Östgren; Erik Brunskog; [2015]
   Nyckelord :Seasoned Equity Offering; SEO; Announcement Effects; Long-Run Performance; Event Study; Cumulative Abnormal Return; Market Efficiency; Swedish Stock Markets.; Business and Economics;

   Sammanfattning : This thesis focuses on seasoned equity offerings and aims to examine announcement effects and long-run performance of SEO firms on the Swedish stock exchanges, during the recovery phase of the global financial crisis. Also, an OLS regression is run in order to explain post-SEO performance using the independent variables book-to-market ratio, market capitalization and the firms’ number of SEOs during the time period. LÄS MER

3. 17. The Financial Effects of Going Public on Football Clubs

   Uppsats för yrkesexamina på avancerad nivå, Högskolan i Jönköping/IHH, Economics, Finance and Statistics

   Författare :Gareth Low; Fredrik Karlsson; [2015]
   Nyckelord :IPO; Underperformance; Cumulative Abnormal Returns; Alpha; Football;

   Sammanfattning : In this thesis we analyze the financial performance of Football clubs following an initial public offering (IPO). We conduct several analyses using time series stock data with a focus on finding evidence of long-run underperformance and IPO over/underpricing. To this end, we estimate cumulative abnormal returns (CAR) and Jensen’s Alpha. LÄS MER

4. 18. Long-run Performance of Market-timing IPOs

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

   Författare :Andreas Jallinder; Patrik Essunger; [2014]
   Nyckelord :Performance; IPO; Investor Sentiment; Market-timing;

   Sammanfattning : In this paper we examine the long-term performance of firms that conduct their IPO in periods of high investor sentiment. We use different measures of returns and conclude that the value-weighted risk-adjusted buy-and-hold return is the most appropriate measure to use. LÄS MER

5. 19. Underpricing and Long-Run IPO Performance in Italy, Sweden and United Kingdom: a comparative study from 2006 to 2013

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

   Författare :Davide Ramazzina; [2014]
   Nyckelord :Underpricing; IPO Long-Run Underperformance; Fama-French three-factor model;

   Sammanfattning : In my thesis, I study two IPO anomalies, the underpricing and the long-run underperformance of new listings, from 2006 to 2013, on two peripheral (Sweden and Italy) and on the main European financial market (UK). I also examine the sector specific performances within each market to identify whether some particular industry performed better in one particular market rather than in others. LÄS MER

7. 20. Private Equity-Backed Initial Public Offerings - Share Allocation and Secondary Distribution Overhang

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

   Författare :Johan Danielsson; Eric Gustavsson; [2014]
   Nyckelord :Initial Public Offerings; Private Equity-Backed Initial Public Offerings; Share Allocation; Secondary Distribution; Overhang;

   Sammanfattning : We examine short-run underpricing and long-run performance differences between private equity-backed and non-private equity-backed initial public offerings by evaluating 101 transactions between 2000 and 2014 in the Nordic countries (Sweden, Denmark, Norway and Finland), whereby 45 offerings were private equity-backed. Initially, we explore the mere existence of short-run underpricing and long-run underperformance for all initial public offerings. LÄS MER