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Illikviditetsrabatter- En estimering av illikviditetsrabatter på den svenska aktiemarknaden

Olsson Storckenfeldt, Emelie LU ; Gårdemyr, Viktor LU ; Thurow, Nicholas LU and Källholm, Jacob LU (2015) FEKH89 20151
Department of Business Administration
Abstract
Abstract
Title: Illiquidity discounts – An estimation of illiquidity discounts on the Swedish stock market
Seminar date: 4-5/6 2015
Course: FEKH89, bachelor thesis in finance, 15 ECTS
Authors: Viktor Gårdemyr, Jacob Källholm, Emelie Storckenfeldt och Nicholas Thurow
Advisor: Sara Lundqvist
Keywords: illiquidity discount, estimation, Swedish markets, industry, bid ask spread
Purpose: The purpose of this thesis is to estimate illiquidity discounts through the bid-ask spread on
the Swedish stock markets, as well as investigate how the discount varies between industries.
Method: The thesis is subdivided in a qualitative part, where we have conducted interviews and
researched previous studies and theses to gain knowledge into ways of... (More)
Abstract
Title: Illiquidity discounts – An estimation of illiquidity discounts on the Swedish stock market
Seminar date: 4-5/6 2015
Course: FEKH89, bachelor thesis in finance, 15 ECTS
Authors: Viktor Gårdemyr, Jacob Källholm, Emelie Storckenfeldt och Nicholas Thurow
Advisor: Sara Lundqvist
Keywords: illiquidity discount, estimation, Swedish markets, industry, bid ask spread
Purpose: The purpose of this thesis is to estimate illiquidity discounts through the bid-ask spread on
the Swedish stock markets, as well as investigate how the discount varies between industries.
Method: The thesis is subdivided in a qualitative part, where we have conducted interviews and
researched previous studies and theses to gain knowledge into ways of estimating the illiquidity
discount. The quantitative part is a statistical estimation of the illiquidity discount with data
processing done in SPSS, Excel and Numbers.
Theory: Practitioners in real business life use in earlier studies as well as the estimation process
through the bid ask-spead. The theory presented comes from textbooks, studies and theses and
describes what illiquidity is, what affects its size as well as how it is possible to estimate the illiquidity
discount.
Empirical data: Quantitative data has been fetched from various databases online and been
processed in SPSS, Excel and Numbers with regards to market, industry, spread and stock price.
Qualitative data comes from research of previous material within the subject as well as from
conducting interviews.
Results: We have been able to prove a statistical significant difference in the relative spead, and
thereby the illiquidity discount, on the different markets, but unable to prove a statistical significant
difference between different industries. (Less)
Please use this url to cite or link to this publication:
author
Olsson Storckenfeldt, Emelie LU ; Gårdemyr, Viktor LU ; Thurow, Nicholas LU and Källholm, Jacob LU
supervisor
organization
course
FEKH89 20151
year
type
M2 - Bachelor Degree
subject
keywords
illiquidity discount, estimation, Swedish markets, industry, bid ask spread
language
Swedish
id
7760022
date added to LUP
2015-09-15 16:26:41
date last changed
2015-09-15 16:26:41
@misc{7760022,
  abstract     = {Abstract
Title: Illiquidity discounts – An estimation of illiquidity discounts on the Swedish stock market
Seminar date: 4-5/6 2015
Course: FEKH89, bachelor thesis in finance, 15 ECTS
Authors: Viktor Gårdemyr, Jacob Källholm, Emelie Storckenfeldt och Nicholas Thurow
Advisor: Sara Lundqvist
Keywords: illiquidity discount, estimation, Swedish markets, industry, bid ask spread
Purpose: The purpose of this thesis is to estimate illiquidity discounts through the bid-ask spread on
the Swedish stock markets, as well as investigate how the discount varies between industries.
Method: The thesis is subdivided in a qualitative part, where we have conducted interviews and
researched previous studies and theses to gain knowledge into ways of estimating the illiquidity
discount. The quantitative part is a statistical estimation of the illiquidity discount with data
processing done in SPSS, Excel and Numbers.
Theory: Practitioners in real business life use in earlier studies as well as the estimation process
through the bid ask-spead. The theory presented comes from textbooks, studies and theses and
describes what illiquidity is, what affects its size as well as how it is possible to estimate the illiquidity
discount.
Empirical data: Quantitative data has been fetched from various databases online and been
processed in SPSS, Excel and Numbers with regards to market, industry, spread and stock price.
Qualitative data comes from research of previous material within the subject as well as from
conducting interviews.
Results: We have been able to prove a statistical significant difference in the relative spead, and
thereby the illiquidity discount, on the different markets, but unable to prove a statistical significant
difference between different industries.},
  author       = {Olsson Storckenfeldt, Emelie and Gårdemyr, Viktor and Thurow, Nicholas and Källholm, Jacob},
  keyword      = {illiquidity discount,estimation,Swedish markets,industry,bid ask spread},
  language     = {swe},
  note         = {Student Paper},
  title        = {Illikviditetsrabatter- En estimering av illikviditetsrabatter på den svenska aktiemarknaden},
  year         = {2015},
}