Thesis (M. Phil.)--Hong Kong University of Science and Technology, 2003. / Includes bibliographical references (leaves 54-55). Also available in electronic version. Access restricted to campus users.

The study was carried out to examine the effect of economic factors on stock price in a global economy - a case study of the Nigerian stock market. The main objectives of the study was to examine some peculiarities or differences in terms of economic variables that influence stock prices in the Nigerian stock market from those of the global economy. The study makes use of regression analysis and analysis of variance to analyze the secondary data obtained from the Nigerian Stock Market. There are numerous variables that can be identified to determine stock prices in any economy. / Mjeramgatan 2 lag 231 412 76 Göteborg

published_or_final_version / Applied Statistics / Master / Master of Social Sciences

Investors are always searching the market for stocks that are undervalued and that can potentially create value. One way of finding undervalued stocks is to carefully analyze firms’ accounting ratios. Researchers have in the past found evidence that an investment in value stocks, often categorized as low P/E and low P/B ratio stocks, in most cases generates more value than an investment in growth stocks (categorized as high P/E and P/B). However, we found a lack of studies that investigates if this relationship exists on the Swedish market and if it holds true during the financial crisis. This resulted in the following research question:Would a portfolio consisting of value stocks outperform a portfolio consisting of growth stocks on NASDAQ OMX Stockholm?In order to answer the research question a quantitative method with a deductive approach has been applied and historical stock prices and accounting ratios over the time period 2005-2013 have been collected from Thomson Reuters Datastream. Returns were then calculated and portfolios of value and growth stocks were created based on the accounting ratios for every year. The returns where risk-adjusted with the help of the Sharpe-ratio before the Mann-Whitney U test was used in order to see if there is a significant difference between value and growth portfolios.For the price to earnings ratio the risk-adjusted returns of the value portfolio only outperformed the risk-adjusted returns of the growth portfolio two years out of the nine years tested. For the price to book measure the risk-adjusted returns of the growth portfolio outperformed the risk-adjusted value portfolio seven out of nine times.The results of the study seems to indicate that growth stocks outperform value stocks, contrary to much of the previous research that has concluded that value stocks outperform growth stocks. However, our findings were not statistically significant and we could not draw any clear conclusions from our results. The study did contribute with new knowledge however, by increasing the data available for value investing in Sweden and highlighting a need for more studies into smaller stock markets and for a period of financial distress, such as the financial crisis.

This thesis will be concerned with investigating the empirical characteristics of stock returns, forUKfirms which are distinguished by market value. The primary aimof thisworkis to identify whether there are differences between the behaviour of large and small firm retums. A substantial amount of attention has recently focused upon how firm size influences the behaviour of stock returns in US markets, but, the role that firm size might have in determining the behaviour of stock returns in UK markets has received very little attention. The aim of this thesis is to redress this imbalance. The first part of this study will be concerned with showing that the returns of small firms are more predictable than the returns of large firms. The second part of this study will show that the relationship between risk and return depends on firm size. The third and final part of this thesis will show that not only are the mean returns of large and small firms different but that there are also important differences in the conditional variances of large and small firms. In all three parts of this thesis, important differences between the behaviour of large and small firm returns are documented for the first time.

The aim of this research is to identify and compare the determinants for the pricing phenomenon of initial public offerings (IPOs) in the Hong Kong Stock Exchange (HKSE) and Taiwan Stock Exchange (TSE). By comparing and contrasting the similarities and dissimilarities of the determinants, the differences of each exchange can be revealed and offer an opportunity for businesses to explore for their advantages. / Thesis (DBA(DBusinessAdministration))--University of South Australia, 2005.

Thesis (Ph.D.)--Edith Cowan University, 2006. / Submitted to the Faculty of Business and Law. Includes bibliographical references.

Thesis (Ph.D.)--University of Adelaide, School of Chemistry and Physics, Discipline of Physics, 2006. / Includes author's previously published papers. "February 2006" Bibliography: p. [129]-140. Also available in print form.

Dissertation (MBus) -- AUT University, 2009. / Includes bibliographical references. Also held in print (vii., 43 leaves : ill. ; 30 cm.) in the Archive at the City Campus (T 332.632220994 CHE)

Thesis (Ph. D.)--Columbia University, 1943. / Without thesis note. Bibliographical references included in "Footnotes" (p. 123-135).