Sökning: "Vilma Raisyte"

Hittade 1 uppsats innehållade orden Vilma Raisyte.

  1. 1. The Relationship between Expected Returns and Financial Distress Risk. Implication for Corporate Valuation

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

    Författare :Jan Seitz; Vilma Raisyte; [2013]
    Nyckelord :Financial Distress; Implied Cost of Equity; CAPM; Altman Z-Score; Distance-to-Default;

    Sammanfattning : Using portfolio and regression analysis, this study examines the expected returns of European companies for the period 2000-2011 with respect to financial distress risk in order to provide practical implications for corporate valuation. The relationship between realized returns and financial distress risk is found to be negative, in line with the financial distress risk anomaly acknowledged in the existing literature. LÄS MER