Sökning: "illiquidity premium"

Visar resultat 16 - 19 av 19 uppsatser innehållade orden illiquidity premium.

  1. 16. Asset-Specific and Systematic Liquidity on the Swedish Stock Market

    Magister-uppsats, Lunds universitet/Nationalekonomiska institutionen

    Författare :Tetiana Dzhumurat; Veronika Lunina; [2010]
    Nyckelord :systematic liquidity; characteristic liquidity; asset pricing; Fama-French model; Business and Economics;

    Sammanfattning : This essay studies the effect of liquidity on stock returns on the Swedish stock market. Liquidity is addressed both as a market risk factor and an asset characteristics. We use the relative bid-ask spread as a proxy for liquidity level. LÄS MER

  3. 17. Swedish and Swiss Implementation of IAS 40:: Does Culture Matter?

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

    Författare :Emma Nilsson; Moa Svensson; [2009]
    Nyckelord :IAS 40; culture; risk premium; decision usefulness; fair value;

    Sammanfattning : When fair value accounting was introduced in 2005 it was, and still is, controversial, and accused leaving greater room for subjectivity in the valuation. The aim of this paper is to investigate if culture, via a greater or lesser extent of emphasis on conservatism on the accounting value level, is to influence accounting practice in the fair value valuation when marking-to-model investment property according to IAS 40. LÄS MER

  4. 18. Lower boundary violations and market efficiency: Evidence from the Swedish subscription rights market

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

    Författare :Ola Bennerholm; Maxim Berglund; [2007]
    Nyckelord :Market efficiency; Subscription rights; Warrants; Liquidity Premium; Sweden;

    Sammanfattning : The purpose of this thesis is to study the market efficiency of the Swedish market for subscription rights between 1993 and 2006. Very few studies have examined the market for rights issues and no study has attempted to provide explanations for market inefficiency evidence of these markets. LÄS MER

  5. 19. An illiquidity premium in stock returns? - Evidence from the Stockholm Stock Exchange

    D-uppsats, Göteborgs universitet/Graduate Business School

    Författare :Petra Gerwin; [2006]
    Nyckelord :words: liquidity; illiquidity; implicit trading costs; bid-ask spread; asset pricing models; CAPM; beta; small company effect; cross-sectional regressions; pooling timeseries and cross-sectional data;

    Sammanfattning : Asset pricing models generally do not take into account differences across securities in trading costs or liquidity. Yet, in the recent past, numerous studies have found evidence of an illiquidity premium in stock returns on the US stock markets. LÄS MER