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Ägarstruktur och preferensaktier: En studie av ägarstruktur och dess påverkan på preferensaktiers volatilitet i svenska börsnoterade bolag
Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies.
Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies.
2019 (Swedish)Independent thesis Basic level (degree of Bachelor), 10 credits / 15 HE creditsStudent thesisAlternative title
Ownership structure and preference shares : A study of ownership structure and its impact on the volatility of preference shares in Swedish listed companies (English)
Abstract [sv]

Under en längre period har preferensaktier varit ovanliga på den svenska marknaden. Aktien blir dock allt vanligare och fler av dessa kommer in på aktiemarknaden. På grund av den ovanliga naturen i preferensaktier på marknaden finns det nästan ingen forskning om dem. Tidigare forskning hävdar att en stor mängd aktieägare och en diversifierad ägarbas leder till lägre volatilitet genom att förbättra prissignalens kvalitet. I denna studie prövas denna hypotes genom att använda svenska ägaruppgifter på börsnoterade preferensaktier. Denna studie undersöker om ägarstruktur har en påverkan på volatilitet. Tidigare forskning har studerat normala aktier, men denna studie undersöker istället om preferensaktier med dess ägarstruktur kan ha påverkan på volatiliteten. I denna studie med undantag av de mer traditionella variablerna såsom antalet ägare, institutionellt ägande och utländskt ägande tas även upp användningen av ägarbredd som en oberoende variabel i relation till volatilitet. Denna studie drar slutsatsen att ägarstrukturen har en påverkan på volatiliteten i preferensaktier.

Abstract [en]

For a long period, preference shares have been unusual in the Swedish market. However, the share is becoming more common and more of these are coming into the stock market. Because of the unusual nature of preference shares on the market, there is almost no research on them. Earlier research argues that many shareholders and a diversified ownership base lead to lower volatility by improving the quality of the price signal. In this paper, this hypothesis is examined by using Swedish ownership data on listed preference shares. Previous research has studied normal shares, but this study is instead investigating whether preference shares with its ownership structure does influence the volatility. In this study, except for the more traditional variables such as the number of owners, institutional ownership and foreign ownership, the use of ownership width is also addressed as an independent variable in relation to volatility. This study conclude that the ownership structure influences the volatility in preference shares.

Place, publisher, year, edition, pages
2019. , p. 29
Keywords [sv]
Preferensaktier; ägarstruktur; investerarbas, volatilitet
National Category
Business Administration
Identifiers
URN: urn:nbn:se:uu:diva-393083OAI: oai:DiVA.org:uu-393083DiVA, id: diva2:1351452
Subject / course
Business Studies
Educational program
Bachelor Programme in Business Studies
Supervisors
Examiners
Available from: 2019-09-20 Created: 2019-09-16 Last updated: 2019-09-20Bibliographically approved

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CiteExportLink to record
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Citation style
  • apa
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