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Reporäntan och dess påverkan på svenska bankers aktiekurser: En eventstudie
Södertörn University, School of Social Sciences.
Södertörn University, School of Social Sciences.
2015 (Swedish)Independent thesis Basic level (degree of Bachelor), 10 credits / 15 HE creditsStudent thesisAlternative title
The discount rate and its impact on the stock prices of Swedish banks : An event study (English)
Abstract [sv]

Syfte: Uppsatsen syfte är att klargöra och analysera reporäntans ränteförändringars påverkan på aktiekurserna för samtliga svenska banker i large cap på Stockholmsbörsen.

Metod: Kvantitativa händelsestudier har gjorts med deduktiv forskningsansats på fyra företag, samtliga noterade på Stockholmsbörsen. Den onormala avkastningen för de undersökta aktiekurserna har beräknats en dag före till en dag efter samtliga realiseringar av reporänteförändringar som skett mellan åren 2004 till 2015. 

Teori: Den teoretiska referensramen för studien består av den effektiva marknadshypotesen och överreaktionshypotesen.

Slutsatser: Studien har påvisat att det råder signifikant samband mellan ränteförändringar och de studerade aktiernas avkastning vid realisering av ränteförändringarna.

Abstract [en]

Purpose: The purpose of this thesis is to clarify and analyze the changes in the discount rate and its impact on stock prices of all Swedish listed banks in large cap on the Stockholm stock exchange.

Methodology: Quantitative event studies has been done with deductive research approach on four companies, all listed on the Stockholm Stock Exchange. The abnormal returns for the examined stock prices have been calculated one day before to one day after all the realizations of the changes in the discount rate that occurred between year 2004 to 2015.

Theory: The theoretical framework in this study consists of The Effective Market Hypothesis and The Overreaction Hypothesis.

Conclusions: The study has shown that there is a significant correlation between the changes in the discount rate and the equity returns of the studied stocks.

Place, publisher, year, edition, pages
2015. , 47 p.
Keyword [en]
Share price, stock market, bank, event study, discount rate, Stockholm stock exchange, Sweden
Keyword [sv]
Aktiekurs, aktiemarknad, bank, händelsestudie, reporänta, Stockholmsbörsen, Sverige
National Category
Business Administration
URN: urn:nbn:se:sh:diva-27910OAI: diva2:839562
Subject / course
Business Studies
Social and Behavioural Science, Law
Available from: 2015-07-03 Created: 2015-07-03 Last updated: 2015-08-17Bibliographically approved

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