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Privata småsparares påverkan på Aktieprisvolatilitet: En empirisk studie av smallcap-bolag
Kristianstad University, Faculty of Business.
Kristianstad University, Faculty of Business.
2018 (Swedish)Independent thesis Basic level (degree of Bachelor), 10 credits / 15 HE creditsStudent thesisAlternative title
The Impact of the small private investor on stock volatility : An empirical study of OMX Stockholm Small Cap companies (English)
Abstract [sv]

Inom den utförda studien har både finansiell data och information kring ägarstruktur gällande företag på svenska OMX Stockholm Small-Cap listan använts för att undersöka ifall andelen privata småsparare har en signifikant påverkan på volatiliteten. Volatilitet har en väsentlig roll när det kommer till aktiehandel och tidigare teorier pekar på att det finns ett flertal variabler som ligger bakom volatiliteten, småägare är en av dessa variabler. Utifrån regressionsanalysen kan andelen privata småsparare påvisas ha en signifikant påverkan på volatiliteten. Det framkom även utifrån resultaten att bolagens resultat dividerat med deras totala tillgångar var ett mått som påverkade volatiliteten. Flera variabler som enligt tidigare teori bör ha verkan på volatiliteten kunde inte påvisas att överensstämma med den här uppsatsens forskning som till exempel institutionella ägares påverkan.

Abstract [en]

In the following study both financial and ownership data have been gathered regarding companies listed on the Swedish OMX Stockholm Small-cap list to determine whether the fraction of small private investors have an significant impact on volatility. The reason is because volatility has a central role within the stock market making it an important variable. Previous theories suggest that a number of different variables that affect the volatility, where small private investors are one of them. Our regression model proves that the fraction of small private investors indeed have a significant effect on volatility. Our results also suggest that the company’s earnings divided by its total assets is a variable which alters the volatility. Multiple variables which were suggested by theories to have an impact on volatility could not be proven to be true, one of these variables were institutional owners.

Place, publisher, year, edition, pages
2018. , p. 45
Keywords [en]
Volatility, Individual investor, Stocks, Institutional owners, Foreign owners, Private owners, Noise-traiding
Keywords [sv]
Volatilitet, Småsparare, Aktier, Institutionella ägare, Utländska ägare, Privata ägare, Noise-trading
National Category
Economics and Business
Identifiers
URN: urn:nbn:se:hkr:diva-20110OAI: oai:DiVA.org:hkr-20110DiVA, id: diva2:1371160
Subject / course
Banking and financing
Educational program
Degree of Bachelor of Science in Business and Economics
Presentation
2018-07-09, 2018-07-09, Högskolan Kristianstad, Kristianstad, 11:14 (Swedish)
Supervisors
Examiners
Available from: 2019-11-19 Created: 2019-11-19 Last updated: 2019-11-19Bibliographically approved

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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
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  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
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  • asciidoc
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