Ändra sökning
RefereraExporteraLänk till posten
Permanent länk

Direktlänk
Referera
Referensformat
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Annat format
Fler format
Språk
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Annat språk
Fler språk
Utmatningsformat
  • html
  • text
  • asciidoc
  • rtf
A study of value investment strategies based on dividend yield, price-to-earnings and price-to-book ratios in Swedish stock market
Högskolan i Jönköping, Internationella Handelshögskolan.
Högskolan i Jönköping, Internationella Handelshögskolan.
2018 (Engelska)Självständigt arbete på avancerad nivå (magisterexamen), 10 poäng / 15 hpStudentuppsats (Examensarbete)
Abstract [en]

As the existence of value premium has been showed in previous studies, this paper focuses on studying strategies for capitalizing this value premium in Swedish stock market. This paper studies the possible gains and risks of value investing strategies constructed with dividend yield, price-to-earnings (P/E) and price-to-book (P/B) ratios in Swedish stock market during 2006-2016.The findings show that the studied value portfolios offered abnormal returns during the studied time-period. Moreover, value stocks performed better than growth stocks when dividend yield and P/B-ratio were used as criteria. However, the paper could not confirm the same effect in P/E-ratio as high P/E tended to work better than low P/E. Out of the studied ratios, the best risk-adjusted returns were received from companies with the lowest P/B-ratios.The findings in this paper also indicate that including more ratio-based criteria in to an investment strategy does not offer more risk-adjusted returns.

Ort, förlag, år, upplaga, sidor
2018. , s. 35
Nyckelord [en]
Value investing, dividend yield, price - to - earnings ratio, price - to - book ratio
Nationell ämneskategori
Företagsekonomi
Identifikatorer
URN: urn:nbn:se:hj:diva-40688ISRN: JU-IHH-FÖA-2-20180696OAI: oai:DiVA.org:hj-40688DiVA, id: diva2:1222141
Ämne / kurs
IHH, Företagsekonomi
Handledare
Examinatorer
Tillgänglig från: 2018-06-28 Skapad: 2018-06-21 Senast uppdaterad: 2018-06-28Bibliografiskt granskad

Open Access i DiVA

fulltext(756 kB)233 nedladdningar
Filinformation
Filnamn FULLTEXT01.pdfFilstorlek 756 kBChecksumma SHA-512
368802b004aa13dea3221cbf8449df275769708fc23ed8b39442fd85ba2791c4a576864d962d4d8f6bdbbebab13ead91fd6b7926091ad41960912ee09da583e8
Typ fulltextMimetyp application/pdf

Av organisationen
Internationella Handelshögskolan
Företagsekonomi

Sök vidare utanför DiVA

GoogleGoogle Scholar
Totalt: 233 nedladdningar
Antalet nedladdningar är summan av nedladdningar för alla fulltexter. Det kan inkludera t.ex tidigare versioner som nu inte längre är tillgängliga.

urn-nbn

Altmetricpoäng

urn-nbn
Totalt: 575 träffar
RefereraExporteraLänk till posten
Permanent länk

Direktlänk
Referera
Referensformat
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Annat format
Fler format
Språk
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Annat språk
Fler språk
Utmatningsformat
  • html
  • text
  • asciidoc
  • rtf