Sökning: "lottery-type stocks"

Hittade 3 uppsatser innehållade orden lottery-type stocks.

  1. 1. The MAX Effect and Investor Sentiment in Sweden

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

    Författare :Soroush Mojtahedi; Artemy Savin; [2021]
    Nyckelord :MAX Effect; Extreme Returns; Investor Sentiment; Lottery-type Stocks; Stock Return Predictability;

    Sammanfattning : Motivated by existing literature about the effect of maximum daily returns (MAX) on subsequent stock returns and the link between this effect and market sentiment, we investigate the possible effect of MAX on stock performance in Sweden and its relation with market sentiment. Portfolio-level analyses show evidence of MAX negatively affecting returns of stocks listed in Sweden, while firm-level cross-sectional regressions show that MAX has little or no effect on individual stocks' returns. LÄS MER

  3. 2. Plötsligt händer det : En kvantitativ studie om efterfrågan på lotteriaktier i Sverige

    Kandidat-uppsats, Uppsala universitet/Företagsekonomiska institutionen

    Författare :Mattias Ehrenborg; Felix Naeve; [2018]
    Nyckelord :behavioral finance; socioeconomic factors; gambling; lottery-type stocks; county; Swedish stock market; behavioral finance; socioekonomiska faktorer; turspel; lotteriaktier; län; svenska aktiemarknaden;

    Sammanfattning : Tidigare studier i USA har påvisat ett positivt samband mellan individuella investerare som köper lotter och deras benägenhet att köpa aktier med liknande karaktärsdrag. Enligt klassisk finansteori bör inte individuella investerare äga så kallade lotteriaktier då de tenderar att generera negativ avkastning – trots detta äger många individuella investerare lotteriaktier. LÄS MER

  4. 3. The MAX effect and what drives it - Evidence from the Swedish stock market

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

    Författare :Alexander Helmy; Karl Hellgren; [2015]
    Nyckelord :MAX effect; ; lottery-type stocks; cross-sectional return predictability; individual investor purchasing behavior;

    Sammanfattning : Inspired by previous findings on the cross-sectional relationship between extreme positive daily stock returns and subsequent negative returns in the US and euro-zone markets, we search for its presence in the Swedish market. We argue that this effect, known as the MAX effect, is mainly driven by individual investors seeking lottery-like payoffs. LÄS MER