Sökning: "illiquidity premium"

Visar resultat 6 - 10 av 19 uppsatser innehållade orden illiquidity premium.

  1. 6. En omtvistad premie - En studie av likviditetspremien på Stockholmsbörsen

    Kandidat-uppsats, Lunds universitet/Företagsekonomiska institutionen

    Författare :Helena Schennings; Ludwig Berglund; Linnéa Abrahamsson Svensson; [2019]
    Nyckelord :Likviditetspremie; Illikviditet; Likviditetsmått; Klienteleffekt; Flight-to-liquidity; Effektiva marknader; Stockholmsbörsen; Business and Economics;

    Sammanfattning : Studien syftar till att besvara frågan huruvida en signifikant likviditetspremie kan påvisas på Stockholmsbörsens small-, mid- och large-cap-listor för varje enskilt år under tidsperioden 2005 till och med 2015. Med utgångspunkt i resultaten ämnar studien bidra med en bedömning av huruvida investerare kompenseras för illikviditet på Stockholmsbörsen. LÄS MER

  3. 7. Alterations in the Liquidity Premium as an Effect of Exchange Traded Funds : A Study Performed on Nasdaq Composite between 1997 and 2016

    Master-uppsats, Högskolan i Jönköping/IHH, Företagsekonomi

    Författare :Axel Andersson; Emanuel Svanberg; [2018]
    Nyckelord :Liquidity Premium; Characteristic Liquidity; Systematic Liquidity; Indexation; Exchange Traded Funds; Fama-MacBeth Regression;

    Sammanfattning : Investors have historically demanded a return premium for taking on the risk of illiquidity both in terms of characteristic and systematic liquidity risk. Recent research have presented results suggesting that the liquidity premium is diminishing. LÄS MER

  4. 8. To Have or Not to Have? The Impact of Financial Targets on the Cost of Capital

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

    Författare :Erika Madebrink; Linda Shi; [2016]
    Nyckelord :Equity cost of capital; Estimation risk; Financial targets; Liquidity risk; Voluntary information disclosure;

    Sammanfattning : We study the effect of communicating long-term financial targets, but not the attainment of them, on the equity cost of capital. We examine the effect targets have on risk factors in an augmented Fama and French model, where illiquidity is added as a risk factor, and find that dividend, profitability and leverage targets decrease the cost of capital through the market risk premium and SMB risk factors. LÄS MER

  5. 9. Inflation Risk Premium in the Swedish Bond Market

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

    Författare :Viktor Berggren; Domantas Lubys; [2016]
    Nyckelord :inflation risk premium; liquidity risk premium; expected inflation; inflation-linked bonds;

    Sammanfattning : The purpose of this study is to investigate the dynamics of the inflation risk premium in the Swedish bond market using nominal and inflation-linked bond yields. We apply a no-arbitrage method extracting real yields from nominal and inflation-linked yields taking the three-month indexation lag inherent in Swedish bond yields into account. LÄS MER

  7. 10. Valuation - The issue of illiquidity : A qualitative retake on illiquidity discounts in the context of private company valuation on the Swedish market

    Kandidat-uppsats, Umeå universitet/Företagsekonomi

    Författare :Viktor Fredlund; Andreas Tollerup; [2015]
    Nyckelord :PCD; Private company discount; illiquidity discount; DLOM; valuation; likviditetsrabatt; private company; illiquidity; company valuation; illikviditetsrabatt; företagsvärdering; privat företag; värdering; illikviditet;

    Sammanfattning : A private company lacks a direct observable market value and several situations may require a practitioner to compute the value of a private company. Since most of the valuation methods in use are based on data derived from the public stock markets certain adjustments may be appropriate when valuing a private company. LÄS MER