Search for dissertations about: "investor base"

Found 3 swedish dissertations containing the words investor base.

  2. 1. Information and financial markets

    Author : Stefan Anchev; Jörgen Hellström; Rickard Olsson; Juha-Pekka Kallunki; Umeå universitet; []
    Keywords : SAMHÄLLSVETENSKAP; SOCIAL SCIENCES; Information; dissemination of information; production of private information; information disadvantage; investor base; stock return anomalies; stock price informativeness; quantity of firm disclosure; less sophisticated individual investors;

    Abstract : The results in this thesis are consistent with the hypotheses that: 1) the incomplete dissemination of information across investors helps in explaining the occurrence and the persistence of cross-sectional stock return anomalies, 2) the properties of the investor base of a stock have implications for the informativeness of the stock's price and 3) a greater quantity of firm disclosure places less sophisticated investors at an information disadvantage. Overall, the thesis provides new empirical evidence about the role of information in financial markets. READ MORE

  4. 2. Essays in empirical corporate finance and portfolio choice

    Author : Andriy Bodnaruk; Handelshögskolan i Stockholm; []
    Keywords : SAMHÄLLSVETENSKAP; SOCIAL SCIENCES;

    Abstract : 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. READ MORE

  5. 3. Essays on Takeovers and Executive Compensation

    Author : Van Diem Nguyen; Göteborgs universitet; []
    Keywords : SAMHÄLLSVETENSKAP; SOCIAL SCIENCES; Takeovers; takeover premium; takeover gains; gain division; executive compensation; corporate governance; ownership; foundation;

    Abstract : Paper 1. The non-US premium discount in global takeovers This paper examines takeover premia around the world and documents a significant discount in bid offers to target firms outside the US. Controlling for deal-level premium determinants, the non-US discount approximates seven percent of the target pre-deal stock price. READ MORE