Change search
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf
Drömmen om att segra över marknaden: En jämförelsestudie mellan aktierekommendationer och insidertransaktioner som portföljstrategi
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.
2010 (Swedish)Independent thesis Advanced level (degree of Master (One Year)), 10 credits / 15 HE creditsStudent thesis
Abstract [en]

The purpose of this paper is to compare two different portfolio strategies consisting of insider transactions and stock recommendations and examine whether they posses any information advantage.  The portfolios are balanced once every three-, six- and twelve- months in the period of 2007-2009. Our results show a pattern for these investment strategies. The portfolio consisting of insider transactions generates a positive return in equity in a negative market environment and the opposite reaction in a positive environment. The result for the portfolio consisting of stock recommendations show a positive return of equity in positive environment and the opposite effect in negative environment. The pattern that has been observed can be classified as an anomaly. Therefore, we conclude that the market cannot be classified as efficient in a short term perspective. This anomaly is short-lived which indicates that the market is efficient in a long term perspective.   

Place, publisher, year, edition, pages
2010. , p. 50
National Category
Business Administration
Identifiers
URN: urn:nbn:se:uu:diva-126634OAI: oai:DiVA.org:uu-126634DiVA, id: diva2:325724
Uppsok
Social and Behavioural Science, Law
Supervisors
Available from: 2010-06-21 Created: 2010-06-19 Last updated: 2010-06-21Bibliographically approved

Open Access in DiVA

fulltext(1053 kB)415 downloads
File information
File name FULLTEXT01.pdfFile size 1053 kBChecksum SHA-512
fd0aff71de1a9a574ec73491dfceadb9089f00db552a795265531562a1ec596bba949bdc6503cc34d30a1045d2dd988ed9ac19363c62f72755073982ec5a111a
Type fulltextMimetype application/pdf

By organisation
Department of Business Studies
Business Administration

Search outside of DiVA

GoogleGoogle Scholar
Total: 415 downloads
The number of downloads is the sum of all downloads of full texts. It may include eg previous versions that are now no longer available

urn-nbn

Altmetric score

urn-nbn
Total: 679 hits
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf