AS LHV Groupi börsiteadete mõju aktsiahinnale aastatel 2019-2023
Laen...
Kuupäev
2025
Kättesaadav alates
05.09.2025
Autorid
Ajakirja pealkiri
Ajakirja ISSN
Köite pealkiri
Kirjastaja
Eesti Maaülikool
Abstrakt
LHV Groupi börsiteadete mõju aktsiahinnale on aktuaalne teema seoses investorite infokäitumise ja finantsturgude efektiivsuse küsimustega. Probleemi seostatakse varasemate uurimustega, mis käsitlevad ettevõtete avalikustatava info mõju väärtpaberite hindadele. Töö eesmärk oli analüüsida LHV Groupi börsiteadete mõju aktsiahinnale aastatel 2019–2023. Analüüs oli statistiline võrdlus, kus kasutati igapäevaseid aktsiahindu ja ettevõtte börsiteateid, mida võrreldi tähtsamate avalikustamiste kuupäevadega.
Tulemused näitasid, et mitmed börsiteated, nagu näiteks majandusaasta aruanded ja dividendiettepanekud mõjutasid aktsiahinda positiivselt, kuid mõju ei olnud pikaaegne ega ulatuslik. Leiti, et aktsia hind reageeris mõningatel juhtudel kiiresti, mis viitab efektiivse turu teooria kehtivusele, kuid samal ajal ilmnes ka käitumuslikke tegureid, nagu investorite ootused ja tajuinfo mõju. Tulemusi saab rakendada investeerimisstrateegiate kujundamisel ning need pakuvad lähtekohta edasistele uuringutele Eesti väärtpaberituru infotöötluse teemal.
The impact of LHV Group's stock exchange announcements on share prices is a relevant topic in the context of investor information behavior and questions of financial market efficiency. The issue is linked to previous studies that examine the effect of publicly disclosed company information on securities prices. The objective of the thesis was to analyze the impact of LHV Group's stock exchange announcements on its share price from 2019 to 2023. The analysis involved a statistical comparison using daily stock prices and the company's stock exchange announcements, which were matched against the dates of major disclosures. The results indicated that several announcements, such as annual reports and dividend proposals, had a positive impact on the share price. However, this impact was neither long-lasting nor extensive. It was found that in some cases, the share price reacted quickly, indicating the relevance of the efficient market hypothesis, while at the same time, behavioral factors such as investor expectations and the influence of perceived information were also evident. The findings can be applied in the development of investment strategies and provide a basis for further research on information processing in the Estonian securities market.
The impact of LHV Group's stock exchange announcements on share prices is a relevant topic in the context of investor information behavior and questions of financial market efficiency. The issue is linked to previous studies that examine the effect of publicly disclosed company information on securities prices. The objective of the thesis was to analyze the impact of LHV Group's stock exchange announcements on its share price from 2019 to 2023. The analysis involved a statistical comparison using daily stock prices and the company's stock exchange announcements, which were matched against the dates of major disclosures. The results indicated that several announcements, such as annual reports and dividend proposals, had a positive impact on the share price. However, this impact was neither long-lasting nor extensive. It was found that in some cases, the share price reacted quickly, indicating the relevance of the efficient market hypothesis, while at the same time, behavioral factors such as investor expectations and the influence of perceived information were also evident. The findings can be applied in the development of investment strategies and provide a basis for further research on information processing in the Estonian securities market.
Kirjeldus
Bakalaureusetöö
Maamajandusliku ettevõtluse ja finantsjuhtimise õppekaval
Märksõnad
bakalaureusetööd, aktsia, investor, dividend, börs