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Leder höga utdelningsförändringar till överavkastning? En empirisk studie på Stockholmsbörsens Large Cap-lista

Elliot, Fredrik LU and Perman, Oscar LU (2014) NEKH01 20141
Department of Economics
Abstract (Swedish)
The purpose of the thesis is to examine if it is possible to earn excess returns
with a certain strategy at the Stockholm Stock Exchange. More in depth, our strategy observes
whether or not there is a signalling effect of raising the dividends. We used two portfolios,
one that implies that the signalling effect of raising dividends will have a direct positive effect
of the stock the up-coming year, and one that implies that there is an inertia in the signalling
effect which will have an effect the year after the up-coming year. We found quite positive
results and support for our strategy but further studies would be necessary to find some more
conclusive results.
Please use this url to cite or link to this publication:
author
Elliot, Fredrik LU and Perman, Oscar LU
supervisor
organization
course
NEKH01 20141
year
type
M2 - Bachelor Degree
subject
keywords
Treynors Index, Sharpekvot, Jensens Alfa, överavkastning, effektiva marknader, Utdelningsförändring
language
Swedish
id
4499460
date added to LUP
2014-06-23 22:12:42
date last changed
2014-06-23 22:12:42
@misc{4499460,
  abstract     = {{The purpose of the thesis is to examine if it is possible to earn excess returns
with a certain strategy at the Stockholm Stock Exchange. More in depth, our strategy observes
whether or not there is a signalling effect of raising the dividends. We used two portfolios,
one that implies that the signalling effect of raising dividends will have a direct positive effect
of the stock the up-coming year, and one that implies that there is an inertia in the signalling
effect which will have an effect the year after the up-coming year. We found quite positive
results and support for our strategy but further studies would be necessary to find some more
conclusive results.}},
  author       = {{Elliot, Fredrik and Perman, Oscar}},
  language     = {{swe}},
  note         = {{Student Paper}},
  title        = {{Leder höga utdelningsförändringar till överavkastning? En empirisk studie på Stockholmsbörsens Large Cap-lista}},
  year         = {{2014}},
}