Research questions: Do surprising disclosures of earnings per share determine price reactions in the corresponding direction as the aspect of the surprise?Is the effect of quarterly reports detectable in the stock price immediately following the date of information disclosure? Purpose: The purpose of the study was to examine the connection between stock prices and quarterly reports among the 30 most actively traded stocks on the Stockholm Stock Exchange. Method: The study was conducted with a deductive approach based on previous research and theories to answer the research questions. Stock data from the 30 most actively traded stocks on the Stockholm Stock Exchange was collected and compared with quarterly reports from the corresponding companies. Conclusion: The research findings confirm corresponding direction between stock price reactions and the aspect of earnings per share surprise. A connection between quarterly reports and stock price was discovered immediately following the date of information disclosure. However, the evidence was unable to be proven statistically and could therefore not be generalized. / Forskningsfrågor: Leder oförväntad EPS (vinst per aktie) till avvikelser i aktiekursen i motsvarande riktning?Är effekten av kvartalsrapporter möjlig att upptäcka i aktiepriset omedelbart efter offentliggörandet av rapporten? Syfte: Syftet med studien är att studera sambandet mellan aktiepriser och kvartalsrapporter hos börsnoterade företag vars aktier tillhör de 30 mest omsatta på Stockholmsbörsen. Metod: Studien grundas på ett deduktivt tillvägagångssätt som baseras på tidigare forskning och teorier i syfte att besvara forskningsfrågorna. Aktiedata från de 30 mest omsatta aktierna på Stockholmsbörsen insamlades och jämfördes med kvartalsrapporter för dem motsvarande företagen. Slutsats: Studien bevisar att oförväntad EPS leder till avvikelser i aktiekursen i motsvarande riktning. Ett samband mellan kvartalsrapporter och aktiepriser upptäcktes omedelbart efter offentliggörandet av rapporten som dock var ej statistiskt signifikant och därmed inte generaliserbar.

This research examines at the effect of corporate social responsibility (CSR) expenditure in two state commercial banks and few other financial institutions that are listed on the CSE in Sri Lanka. The independent variable in this analysis is CSR expenditure, whereas the dependent variable is financial performance. Market- and accounting-based performance metrics (ROA, ROE and EPS) are used to assess the financial performance of the financial institutions. The study's control variables were firm age, firm size, and GDP growth rate. For a duration of Eight years, the researchers gathered secondary data on the financial institutions from 2015 to 2022 by using audited annual reports, which included 13 financial institutions as a sample. The study findings reveal that CSR has a statistically significant impact on financial performance. The correlation analysis demonstrated a statistically significant relationship between CSR expenditure and ROA, ROE, and EPS. The correlation coefficient showed that all of the suggested hypotheses were significant and acceptable. The findings from the regression analysis revealed that CSR expenditure has an impact on the financial institution's ROA, ROE, and EPS. The results and implications can assist Sri Lankan financial institutions in designing their CSR projects to maximize value for the organization, resulting in a win-win situation. In addition, investing in CSR as a non-profit endeavor might help financial institutions meet their social responsibility obligations while also enhancing future intangible revenues and preparing them for market competitiveness. In contrast, CSR investments may improve community development, diversity promotion, and quality of life while treating social challenges including poverty, healthcare, education, and environmental sustainability.

On the surface, Sweden and Denmark are two similar countries, but behind the closed boardroom doors, things look different. These two countries have chosen different approaches to achieving their goals and the diversification within the boards differs markedly. As a result, the study tries to emphasize the differences, and see if it is possible to distinguish different gender effects. The purpose of the study is to investigate the possible effects of gender quotas in corporate governance and the impact women does have on reducing risk in a corporate governance context as well as their connection to R&D investments based on a performance measure of earnings per share. The study has chosen a deductive approach with regards to a cross-sectional design to make it possible to make various comparisons between the collected variables. The hypotheses of the study have been formulated with help of the theories: tokenism, institutional theory, social role theory, resource mobilization theory, resource-based theory, economic growth theory and the theory of the firm. The study finds gender effects for Denmark however cannot conclude if this is an effect of women on the board of directors or a tokenism problem arising due to males’ dominance causing women to be pushed away or men having a different risk appetite. For Sweden no gender effects can be concluded neither for the 3-year or the year-to-year results. This suggests that Swedish companies board of directors have achieved great synergy effects due to institutional and social pressures, however a tokenism problem cannot be ruled out. / Sverige och Danmark är till ytan två lika länder men bakom de stängda styrelsedörrarna så ser det annorlunda ut. Dessa två länder har valt olika tillvägagångssätt för att uppnå sina mål och diversifieringen inom styrelserna skiljer sig markant. Till följd detta försöker studien betona skillnaderna, samt se om det går att urskilja olika könseffekter. Syftet med studien är att undersöka de möjliga effekterna av könskvotering i bolagsstyrning och vilken inverkan kvinnor har på att minska risken i ett bolagsstyrningssammanhang, samt deras koppling till forskning och utvecklings investeringar baserat på prestationsmått på vinst per aktie. Studien har valt ett deduktivt tillvägagångssätt med avseende på en tvärsnittsdesign för att göra det möjligt att göra olika jämförelser mellan de insamlade variablerna. Studiens hypoteser har formulerats med hjälp av teorierna: tokenism, institutionell teori, social rollteori, resursmobiliseringsteori, resursbaserad teori, ekonomisk tillväxtteori och företagets teori. Studien finner könseffekter för Danmark men kan inte dra slutsatsen om detta är en effekt av kvinnor i styrelsen eller ett tokenismproblem som uppstår på grund av mäns dominans som gör att kvinnor trängs undan eller att män möjligen har en annan riskaptit. För Sverige kan inga könseffekter konstateras varken för 3-års- eller årsresultatet. Detta tyder på att den svenska styrelsen har uppnått stora synergieffekter på grund av institutionella och sociala påtryckningar, men ett tokenismproblem kan inte uteslutas.

No description available.

Bakgrund: Antalet aktieägare i Sverige har ökat markant de senaste åren vilket innebär att inflödet av kapital på Stockholmsbörsen ökat markant. De alla investerare strävar efter att åstadkomma är att överprestera marknaden och således har flertalet investeringsstrategier presenterats genom åren. Två av de mest frekvent använda är värde- samt tillväxtstrategin som studerats under flertalet tidsperioder samt på en rad olika marknader. Däremot har tidigare studier genomgående definierat värde- samt tillväxtbolag utifrån värderingsmultiplar och ej beaktat att de båda strategierna möjligtvis kan definieras och identifieras utifrån andra finansiella nyckeltal.  Syfte: Studiens syfte är att analysera huruvida vilken av de två populära investeringsstrategierna värde- respektive tillväxtstrategi som har genererat högst riskjusterad avkastning under perioden 2014–2024.  Metod: För att uppfylla studiens syfte har en kvantitativ forskningsansats med ett deduktivt tillvägagångsätt tillämpats. Två portföljer har konstruerats med årlig rebalansering baserat på de uppsatta kriterierna för värde samt tillväxtbolag. Dessa två portföljer har sammansatts baserat på konsensus erhållet från aktörer på den svenska aktiemarknaden som insamlats med hjälp av intervjuer. De båda portföljerna har sedan utvärderats utifrån årlig och ackumulerad avkastning samt riskjusterade mått i form av Sharpekvot, Treynorkvot och Jensens alpha.  Resultat: Både tillväxt- samt värdeportföljen genererade ackumulerad överavkastning gentemot index, respektive portfölj har även överavkastat index sett till riskjusterade mått över studiens tioåriga tidsperiod. Högst absolut avkastning samt avkastning justerad för risk genererade tillväxtportföljen. / Background: The number of shareholders in Sweden has significantly increased in recent years, leading to a substantial influx in the Stockholm stock market. All investors aim to outperform the market, and as a result, several investment strategies have been proposed over the years. Two of the most frequently used strategies are value and growth strategies, which have been studied across various time periods and markets. However, previous studies have consistently defined value and growth companies based on valuation multiples, without considering that these strategies may also be defined and identified using other financial metrics.  Purpose: The purpose of this study is to analyze which of the two popular investment strategies – value and growth – has generated the highest risk-adjusted returns during the period from 2014 to 2024.  Methodology: To achieve the study’s objective, a quantitative research approach with a deductive methodology has been applied. Two portfolios were constructed with annual rebalancing based on predefined criteria for value and growth companies. These portfolios were assembled based on consensus obtained from stakeholders in the Swedish stock market, collected through interviews. The performance of both portfolios was evaluated in terms of annual and cumulative returns, as well as risk-adjusted measures such as the Sharpe ratio, Treynor ratio, and Jensen’s alpha.  Results: Both the growth and value portfolios generated cumulative excess returns compared to the market index. Furthermore, both portfolios outperformed the index in terms of risk-adjusted measures over the ten-year study period. The growth portfolio exhibited the highest absolute return and risk-adjusted return.

The credit crunch that started the 9th of August 2007 is generally viewed as the most significant crisis to affect the financial markets and the global economy since the 1930s.The UK financial sector was heavily hit by the crisis which resulted in a dry up in lending and left a black hole in the British banks‟ finances. During the last quarter of 2010 the GDP shank unexpectedly with 0.5 percent from the third quarter which created concerns about going back into the recession. Contrarily, for Swedish economy 2010 was an impressing year with an unexpected GDP growth of 7, 3 percent in the last quarter.The purpose of this study is to analyse how the finance crisis has affected the leading banks‟ performance within the two countries and see whether the differences in values can explain the difference in GDP growth during the last quarter of 2010. The analyse is performed through a financial ratio analysis of the different banks.The final results of the research indicates to that the Swedish banks have been more profitable, have had a more secure and higher quality of lending and more capacity to lower cost related to income than the British banks. The more distinctive negative influence is mostly based on the larger amount of credit losses the British banks had to experience which contributed to their significant decrease in earnings per share which created scepticism on the credit market followed by a severe slowdown in consumption and in GDP growth. Since the credit losses never got to same levels in Sweden as in the UK the scepticism of the Swedish banking system did not affect the reduction in credit use and house prises to the same extent and GDP growth could recover back to normal levels sooner than in the UK.