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You searched for subject:(Swedish Stock Exchange). Showing records 1 – 3 of 3 total matches.

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1. Eliassen, Oliver. Making Smart Money : An Evaluation of Fundamental Smart Beta Investment Strategies.

Degree: Economics, 2017, Uppsala University

In recent decades, many investors have abandoned hopes of achieving above market returns through active management, and consigned themselves to passive investing in the form of market capitalization based portfolios. Using Swedish stock exchange data from 2002-2016, this thesis investigates if there is a way to harmonize the strengths of active management, yielding potential above market returns, and passive index investing, implying lower fees and transparency. Based on observations from 275 companies, analysed through market model regressions, the results suggest that fundamentally invested value and quality portfolios create an alpha of 1-2 percent quarterly relative the market capitalization benchmark portfolio. Moreover, the results constitute basis for performing real investments, as they take into consideration the transaction costs implied by portfolio turnover. Furthermore, the findings of greater risk-adjusted returns through fundamentally weighted portfolios stand in opposition to the efficient market hypothesis. 

Subjects/Keywords: Alpha; Abnormal Returns; Smart Beta; Fundamental Indexation; Market Model; Value Investing; Swedish Stock Exchange; Economics; Nationalekonomi

…constituents of the main Swedish stock exchange, specifically Nasdaq Stockholm. While the Swedish… …companies of Swedish stock exchange. Annual data is available from 1982, but using annual data… …a priori unknowable way from actual returns for investors from the Swedish stock exchange… …to invest in the Swedish stock market. 8 9 These factors included book value, cash flow… …stock exchange is not theoretically ample as a proxy for the market return in financial models… 

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APA · Chicago · MLA · Vancouver · CSE | Export to Zotero / EndNote / Reference Manager

APA (6th Edition):

Eliassen, O. (2017). Making Smart Money : An Evaluation of Fundamental Smart Beta Investment Strategies. (Thesis). Uppsala University. Retrieved from http://urn.kb.se/resolve?urn=urn:nbn:se:uu:diva-325919

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Chicago Manual of Style (16th Edition):

Eliassen, Oliver. “Making Smart Money : An Evaluation of Fundamental Smart Beta Investment Strategies.” 2017. Thesis, Uppsala University. Accessed January 22, 2020. http://urn.kb.se/resolve?urn=urn:nbn:se:uu:diva-325919.

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

MLA Handbook (7th Edition):

Eliassen, Oliver. “Making Smart Money : An Evaluation of Fundamental Smart Beta Investment Strategies.” 2017. Web. 22 Jan 2020.

Vancouver:

Eliassen O. Making Smart Money : An Evaluation of Fundamental Smart Beta Investment Strategies. [Internet] [Thesis]. Uppsala University; 2017. [cited 2020 Jan 22]. Available from: http://urn.kb.se/resolve?urn=urn:nbn:se:uu:diva-325919.

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Council of Science Editors:

Eliassen O. Making Smart Money : An Evaluation of Fundamental Smart Beta Investment Strategies. [Thesis]. Uppsala University; 2017. Available from: http://urn.kb.se/resolve?urn=urn:nbn:se:uu:diva-325919

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

2. Merdi, Pawel. Anomalies in ex right day of rights offers : (Evidence from the Swedish Stock Market).

Degree: 2012, , School of Management

The purpose of this thesis is to study the anomalies around the ex-right day of right issue. Evidence suggests that the equity price is not always adjusted according to the Theoretical ex-right price (TERP) around ex-right date and therefore creates large arbitrage opportunities. In an international perspective very few studies have been conducted on this area and to make attempt to provide explanations for market inefficiency of these markets. This study comprises an investigation of rights issues carried out on the Stockholm Stock Exchange during the period of 2009 and 2011, counting 45 rights offerings on the Large, Mid and Small Cap lists. The study is based on quantitative nature and is derived with an event study and a hypothesis testing. Collected data were analysed during an event window of nine days with ex-right date set as the event day and an estimation window of 100 days. Common Efficient Market Hypothesis (EMH) has been utilized to study the market efficiency around the ex-right date to explain the behaviour. Findings in this paper tell us that the excess return that has been observed can tactically be utilized by an observant investor to save money in a right issue that is commonly associated with diminishing returns for the investor..

Subjects/Keywords: Right Issues; Rights Offer; Ex-right day; Record date; Efficient Market Hypothesis (EMH); Theoretical Ex-right Price (TERP); Event Study; Abnormal Returns; Swedish Stock Exchange; Seasonal Equity offerings (SEO); Subscription Rights

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APA · Chicago · MLA · Vancouver · CSE | Export to Zotero / EndNote / Reference Manager

APA (6th Edition):

Merdi, P. (2012). Anomalies in ex right day of rights offers : (Evidence from the Swedish Stock Market). (Thesis). , School of Management. Retrieved from http://urn.kb.se/resolve?urn=urn:nbn:se:bth-4209

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Chicago Manual of Style (16th Edition):

Merdi, Pawel. “Anomalies in ex right day of rights offers : (Evidence from the Swedish Stock Market).” 2012. Thesis, , School of Management. Accessed January 22, 2020. http://urn.kb.se/resolve?urn=urn:nbn:se:bth-4209.

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

MLA Handbook (7th Edition):

Merdi, Pawel. “Anomalies in ex right day of rights offers : (Evidence from the Swedish Stock Market).” 2012. Web. 22 Jan 2020.

Vancouver:

Merdi P. Anomalies in ex right day of rights offers : (Evidence from the Swedish Stock Market). [Internet] [Thesis]. , School of Management; 2012. [cited 2020 Jan 22]. Available from: http://urn.kb.se/resolve?urn=urn:nbn:se:bth-4209.

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Council of Science Editors:

Merdi P. Anomalies in ex right day of rights offers : (Evidence from the Swedish Stock Market). [Thesis]. , School of Management; 2012. Available from: http://urn.kb.se/resolve?urn=urn:nbn:se:bth-4209

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation


Jönköping University

3. Bengtsson, Åsa. The Swedish Code of Corporate Governance : An analysis of the Changes of Information Provided in Companies' Annual Reports.

Degree: Accounting and Finance, 2007, Jönköping University

In society today large corporations are striving to regain the trust, which has been lost dur-ing the many accounting scandals that occurred lately. As a response to minimize the con-flicts countries have introduced codes of corporate governance. It is common knowledge that a company’s stakeholders and shareholders have different knowledge and interest in the company and the annual report is the agent’s main communication channel towards the principals. The Swedish code of corporate governance was implemented in July 2005 in an attempt to reduce the information gap between the managers of the company and the own-ers. The purpose of this thesis is to examine if and how the Swedish code of corporate govern-ance has affected the content in annual reports in Sweden. We will evaluate and explain why listed companies have changed the information provided in their annual reports from the year 2001 prior to the codes existence, during the code’s implementation in year 2005, and after the implementation in 2006. A deductive method created our research model, which was used as a tool to gather the empirical findings. Agency Theory, Institutional Theory and the Swedish code constitute the foundation for our evaluation of 65 companies’ annual reports from three individual years. Once our research model was created, an explorative and inductive method was used analyse and interpret the empirical findings. Our conclusion is that corporate governance information in annual reports has increased, and the implementation of the Swedish code of corporate governance has affected the in-formation provided to the shareholders. Between 2001 and 2005 a rapid growth in infor-mation can be view, while only minor improvement can be found between 2005 and 2006. The Swedish code has been successful in its implementation as stakeholders and share-holders have received more information from the annual reports. However, we are ques-tioning the Swedish code for its extensive dimensions. Some areas of the Swedish code are provided with sufficient guidelines, while others would bring with it improved information to the shareholders by more detailed instructions. Many of the investigated companies have had their corporate governance information reviewed by an external auditor in 2005 and it is unexpected to see that this has been excluded in 2006. The examined companies provide information regarding many of the Swedish code’s rules, but we found the information re-lated to internal control, managing director and attendance at the general meeting insuffi-cient.

Subjects/Keywords: Corporate Governance; Swedish Code; Agency Theory; Institutional Theory; Information; Annual Reports; Stockholm Stock Exchange; Large Cap; Business and economics; Ekonomi

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APA · Chicago · MLA · Vancouver · CSE | Export to Zotero / EndNote / Reference Manager

APA (6th Edition):

Bengtsson, . (2007). The Swedish Code of Corporate Governance : An analysis of the Changes of Information Provided in Companies' Annual Reports. (Thesis). Jönköping University. Retrieved from http://urn.kb.se/resolve?urn=urn:nbn:se:hj:diva-936

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Chicago Manual of Style (16th Edition):

Bengtsson, Åsa. “The Swedish Code of Corporate Governance : An analysis of the Changes of Information Provided in Companies' Annual Reports.” 2007. Thesis, Jönköping University. Accessed January 22, 2020. http://urn.kb.se/resolve?urn=urn:nbn:se:hj:diva-936.

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

MLA Handbook (7th Edition):

Bengtsson, Åsa. “The Swedish Code of Corporate Governance : An analysis of the Changes of Information Provided in Companies' Annual Reports.” 2007. Web. 22 Jan 2020.

Vancouver:

Bengtsson . The Swedish Code of Corporate Governance : An analysis of the Changes of Information Provided in Companies' Annual Reports. [Internet] [Thesis]. Jönköping University; 2007. [cited 2020 Jan 22]. Available from: http://urn.kb.se/resolve?urn=urn:nbn:se:hj:diva-936.

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Council of Science Editors:

Bengtsson . The Swedish Code of Corporate Governance : An analysis of the Changes of Information Provided in Companies' Annual Reports. [Thesis]. Jönköping University; 2007. Available from: http://urn.kb.se/resolve?urn=urn:nbn:se:hj:diva-936

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

.