Performance of Nordic Sin Stocks
Abstract
This thesis investigates the performance of Nordic sin stocks between 2005 and 2022. We study the risk adjusted returns of sin stocks and compare them against returns from comparable stocks. We apply various risk adjustment methods to the CAPM framework as well as the Fama Macbeth method in order to investigate the hypothesized existence of a sin stock premium. We conclude that there is no evidence of sin stocks having sup
Description
Masteroppgave(MSc) in Master of Science in Business, Finance - Handelshøyskolen BI, 2023