Sökning: "Size value Premium"

Visar resultat 1 - 5 av 45 uppsatser innehållade orden Size value Premium.

  1. 1. Unlocking Value from Within Exploring Ownership’s Impact on Discounts to Net Asset Values in the Swedish Real estate market

    Kandidat-uppsats,

    Författare :Victor Colliander; Oscar Sköldberg; [2023-07-10]
    Nyckelord :Discount to NAV; Premium to NAV; Swedish Real Estate Firms; Ownership; Institutional; Performance; Valuation; Law of One Price;

    Sammanfattning : In recent times, the economy has undergone a rapid transformation, characterized by a notable increase in interest rates. As a consequence, real estate firms have been particularly impacted by these changes. This paper aims to investigate whether the type of ownership in a firm can influence the discount to net asset value. LÄS MER

  3. 2. Listed Property Company Valuation

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

    Författare :Marcus Runström; Ludvig Eksandh; [2022]
    Nyckelord :Listed Swedish property companies; Closed-end fund puzzle; Noise trader model; NAV premium and discount; Property company valuation;

    Sammanfattning : Among stock market participants, the existence and persistence of deviations between a property company's market capitalization and Net Asset Value are well-recognized. This deviation has a clear link to the premiums and discounts to NAV of closed-end funds, which is referred to as the closed-end fund puzzle in financial economics. LÄS MER

  4. 3. A New Value Premium : Value Creation in the Swedish stock market

    Kandidat-uppsats, Stockholms universitet/Företagsekonomiska institutionen

    Författare :Lemar Jalili; Samuel Höög; Simon Blank; [2022]
    Nyckelord :ROIC; WACC; ROIC-WACC Spread; Fama and French three-factor model; Asset-pricing models; Value Premium; Factor models; Value creation.;

    Sammanfattning : Value creation in any stock market is a highly discussed topic with an abundant amount of generalized models aiming to predict future returns. Although no such tool exists yet there are, however, acknowledged models from peer-reviewed journals that have received a lot of attention over the years in examining company performance. LÄS MER

  5. 4. Which Factors and Variables could Explain Discounts and Premiums to Net Asset Value in Real Estate Companies?

    Master-uppsats, KTH/Fastighetsföretagande och finansiella system

    Författare :Dawid Mlynarczyk; Filip Mehdipoor; [2022]
    Nyckelord :Discount; Premium; NAV; Listed Real Estate companies; Regression; Substanspremie; Substansrabatt; Substansvärde; Listade Fastighetsbolag; Regression;

    Sammanfattning : There have been previous studies aimed at finding out what factors influence whether a company's shares are trading at a premium or at a discount to its net asset value. Several studies have examined all or large parts of the market but have not at an early stage focused on niche markets. LÄS MER

  7. 5. Performance of Small- and Large-cap stock portfolios- The importance of market anomalies across business cycles

    Master-uppsats, Göteborgs universitet/Graduate School

    Författare :Erik Hulth; [2021-06-30]
    Nyckelord :Stock performance; Market anomalies; Asset pricing; Portfolio sorting techniques; Factor-portfolio sorting techniques; Value effect; Size effect; Momentum effect; Temporal influences; Business cycles; GDP-gap; Single-and Multi- Factor models; CAPM; Fama-French Three-Factor model; Carhart Four-Factor model; Risk-adjusted equity returns; Sharpe Ratio; Jensen´s alpha; NASDAQ OMX and NYSE;

    Sammanfattning : This Master´s thesis investigated the importance of the market anomalies size (market capitalization), value (Book-to-Market ratio) and momentum (lagged short-term momentum) for equity returns of small- and large-cap composite stock portfolios. The study focused on two contrasting stock markets (NASDAQ OMX and NYSE) across domestic business cycles over the time-period 2006 to 2021. LÄS MER