Home About Browse Search

Hägg, Malin, 2009. Belåning av aktier : har riskerna underskattats?. First cycle, G2E. Uppsala: SLU, Dept. of Economics



Investors’ use borrowing as a way to profit from leverage advantages in their portfolios.
When investors borrow with their securities as safety for the loan and the value of the
securities decrease the investor can get a portfolio with more credit than what is covered by
the value of the securities and risk huge losses. To what extent an investor is allowed to
borrow with his portfolio as safety depends on the bank or broker and varies between the
providers. By studying available material and in addition to that making an empirical study I
attempt to find out the reason for the varying degrees of leverage possibilities between the
brokers and how the degree of maximum borrowing on the securities are decided. The
findings show that decision of leverage degree on a security is made after first making a
quantitative analysis of the stocks volatility and liquidity and thereafter make a qualitative
analysis of the company. What I think should be of more focus is the portfolios combination
of securities and how diversification changes the portfolios risk.

Main title:Belåning av aktier
Subtitle:har riskerna underskattats?
Authors:Hägg, Malin
Series:Thesis / SLU, Department of Economics
Volume/Sequential designation:568
Year of Publication:2009
Level and depth descriptor:First cycle, G2E
Student's programme affiliation:NK005 Economics and Management - Bachelor's Programme, 180.0hp
Supervising department:(NL, NJ) > Dept. of Economics
Keywords:Leverage, Lending, Volatility, Risk, Securities
Permanent URL:
Subject. Use of subject categories until 2023-04-30.:Economics and management
Deposited On:11 Nov 2009 09:39
Metadata Last Modified:20 Apr 2012 14:10

Repository Staff Only: item control page


Downloads per year (since September 2012)

View more statistics