Sökning: "Premia"

Visar resultat 1 - 5 av 39 uppsatser innehållade ordet Premia.

  1. 1. Does Noise Trader Risk Repel Arbitrageurs? Evidence from Chinese A-H Share Premia

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

    Författare :Qing Zhu; Haihui Li; [2020]
    Nyckelord :noise trader risk; A-H premia; volatility; investor sentiment; limits to arbitrage;

    Sammanfattning : What causes the Chinese A-H share premia puzzle? A-shares enjoy a premium over corresponding H-shares on average by 125%, despite the same rights and dividends. The existing hypotheses such as differential risk, differential demand, liquidity, and asymmetric information cannot successfully account for the great magnitude of inflated A-share prices and are also inconsistent with our sample from 2014-2019. LÄS MER

  2. 2. No Place like Home: Work from Home Ability and the Impact of the COVID-19 Pandemic on Asset Prices Across European Countries

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

    Författare :Valentin Brase; Niklas Hoborn; [2020]
    Nyckelord :Asset Pricing; Social Distancing; Work from Home; COVID-19; European Stock Markets;

    Sammanfattning : Social distancing during the COVID-19 pandemic has given rise to Work from Home (WfH). This paper explains why the WfH-ability of firms could entail a return differential between industries with high and low WfH-abilities (WfH-differential). LÄS MER

  3. 3. Does mispricing explain returns following addition to the S&P 500?

    Magister-uppsats, Lunds universitet/Nationalekonomiska institutionen

    Författare :Giacomo Reghelin; James Alexander Nunn; [2020]
    Nyckelord :Index premium; S P 500; Mispricing; Market efficiency; Business and Economics;

    Sammanfattning : This study investigates the relationships between mispricing and returns following addition to the S&P 500. We find evidence that the index premium is demand-driven, resulting in mispricing that is subsequently exploited by rational investors. We find that index premia are temporary, undergoing a full reversal within 20 days. LÄS MER

  4. 4. Illiquidity and Stock Returns: Evidence from the 2007-2016 Period on the Stockholm Stock Exchange

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

    Författare :Andrea Risberg; Maximilian Linder; [2019]
    Nyckelord :Illiquidity; Bid-Ask Spread; Asset Pricing; Stockholm Stock Exchange;

    Sammanfattning : In this thesis, we study whether stock specific liquidity help explain stock return variations on the Stockholm Stock Exchange in Sweden over the years 2007-2016 by regressing excess stock return on liquidity, market excess returns, size and value variables. Furthermore, we investigate whether illiquidity premia have differed during the global financial crisis of 2007-2008, compared to four following two-year periods. LÄS MER

  5. 5. Gränslösa Premier

    Kandidat-uppsats, Lunds universitet/Företagsekonomiska institutionen

    Författare :Casper Bergh; Dragomir Veselinov Petrov; Per Pertoft; [2019]
    Nyckelord :Business and Economics;

    Sammanfattning : Examensarbetets titel: Gränslösa Budpremier Seminariedatum: 17-januari- 2019 Ämne/Kurs: FEKH89, Examensarbete i finansiering på kandidatnivå, 15 högskolepoäng Författare: Casper Bergh, Dragomir Petrov, Per Pertoft Handledare: Anamaria Cociorva Nyckelord: Budpremie; Gränsöverskridande; Företagsförvärv, Storbritannien, Multiple regression Syfte: Syftet med studien är att undersöka eventuella skillnader i budpremien mellan inhemska och gränsöverskridande förvärv. Vidare ämnar studien undersöka vad som driver denna potentiella skillnad med hjälp av ytterligare två variabler specifikt för gränsöverskridande förvärv. LÄS MER