Sökning: "abnormal returns"

Visar resultat 1 - 5 av 15 avhandlingar innehållade orden abnormal returns.

  1. 1. Essays on Corporate Finance and Asset Pricing

    Författare :Jon Frank; Mikael Bask; Lars Forsberg; Dušan Isakov; Uppsala universitet; []
    Nyckelord :SAMHÄLLSVETENSKAP; SOCIAL SCIENCES; Corporate Finance; Asset Pricing; Founding family firms; Firm performance; Firm financing; Firm investments; Stock returns; Stock-bond correlation;

    Sammanfattning : Essay 1 (with Mattias Hamberg): We study the performance of family firms with large controlling owners using unique hand-collected Swedish data; and consistent with previous studies, we find that founding family firms perform significantly better than other firms. The data allows us to also identify firms with long term non-founding owners (LTNFOs). LÄS MER

  3. 2. Economic Implications of Corporate Social Responsibility and Responsible Investments

    Författare :Cristiana Manescu; Göteborgs universitet; []
    Nyckelord :SAMHÄLLSVETENSKAP; SOCIAL SCIENCES; Corporate Social Responsibility; Strategic CSR; Socially Responsible Investments; Sustainability; Firm Profitability; Stock Returns; Statistical Learning Techniques; Variable Selection; Smooth Splines; Regression Trees; Data Envelopment Analysis; Difference-GMM; Risk-Factor Test; Market Efficiency; Control Functions Approach.;

    Sammanfattning : Paper 1 (with Catalin Starica): This study conducts an in-depth analysis of the association between a unique ten-dimensional set of Corporate Social Responsibility (CSR) scores and firm profitability, as measured by Return on Assets (ROA). We find that non-linear (semi or non-parametric) regression methods bring important improvements in explaining profitability relative to a classical linear approach. LÄS MER

  4. 3. The Effects of Credit Rating and Watchlist Announcements on the U.S. Corporate Bond Market

    Författare :Alberto Crosta; Handelshögskolan i Stockholm; []
    Nyckelord :SAMHÄLLSVETENSKAP; SOCIAL SCIENCES;

    Sammanfattning : I examine the effects of contemporaneous credit rating and watchlist announcements on the over-the-counter U.S. corporate bond market. I find significant negative daily abnormal returns (-2. LÄS MER

  5. 4. Essays on Mergers and Acquisitions and Event Studies

    Författare :Mohammad Irani; Lars Nordén; Rickard Sandberg; Neslihan Ozkan; Stockholms universitet; []
    Nyckelord :SAMHÄLLSVETENSKAP; SOCIAL SCIENCES; mergers and acquisitions; event study; prediction; payment method; conditional CAPM; time-varying parameters; structural change methodology; variance; covariance; företagsekonomi; Business Administration;

    Sammanfattning : This dissertation consists of three studies on the anticipation of mergers and acquisitions (M&As) and its impact on takeover event studies. Article I investigates whether the market can anticipate both takeovers and their payment forms prior to their announcement dates. LÄS MER

  7. 5. Essays in empirical corporate finance and portfolio choice

    Författare :Andriy Bodnaruk; Handelshögskolan i Stockholm; []
    Nyckelord :SAMHÄLLSVETENSKAP; SOCIAL SCIENCES;

    Sammanfattning : One of the main tenets of finance is diversification. Investors choose their portfolios so as to diversify away their idiosyncratic risk. In four essays included into this dissertation the implications of less than perfect diversification on investors’ performance and asset pricing are investigated. LÄS MER