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Modell I Modell II

Variabel Koeff. t-värde Signifikant Koeff. t-värde Sign.

Konstant 43.7 7.87 Ja 36.5 6.38 Ja

Ln Försäljning - 3.3 -4.27 Ja -2.9 -3.83 Ja Ln Ålder -1.4 -1.98 Ja -0.8 -1.20 Nej Soliditet -20.5 -3.73 Ja -20.9 -4.01 Ja Avkastning på eget kapital 0.1 0.11 Nej 2.7 2.19 Ja

ÖVM Dummyvariabel -1.4 -0.66 Nej

Försäljningstillväxt 2.6 2.76 Ja

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Modell III Modell IV

Variabel Koeff. t-värde Signifikant Koeff. t-värde Sign.

Konstant 39.5 7.56 Ja 39.3 7.37 Ja

Ln Försäljning -3.2 -4.46 Ja -3.2 -4.54 Ja Ln Ålder -1.2 -1.61 Nej -0.8 -0.68 Nej Soliditet -19.8 -3.87 Ja -20.9 -4.01 Ja

AC 2.1 2.38 Ja

AAC Konservativ -1.5 - 0.5 Nej

AAC Aggressiv 7.8 2.29 Ja

Justerat R2 _{värde : 0.38 Justerat R}2 _{Värde : 0.40}

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0.02

Modell V Modell VI

Variabel Koeff. t-värde Signifikant Koeff. t-värde Sign.

Konstant 19.5 2.04 Ja 20 2.05 Ja

Ln Försäljning -1.0 -0.94 Nej -1.1 -0.96 Nej Ln Ålder -1.2 -1.67 Nej -0.9 -0.66 Nej Soliditet -13.6 -2.01 Ja -15.5 -1.50 Nej Avkastning Eget Kapital 7.1 3.07 Ja 6.7 2.7 Ja ÖVM Dummy 3.3 2.28 Ja

AAC 0.6 0.46 Nej

Justerat R2 _{värde : 0.31 Justerat R}2 _{Värde : 0.288}

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Adera Connecta Karlshamns NK Fastigheter SAAB

AffärsstrategernaCyber Com Karo Bio Nobia AB Sardus Alfa Laval AB Carnegie & Co AB KMT NoCom Scan. Online Alfaskop Daydream Software Kungsleden NOTE AB Sectra

Arete Digital Vision Linné Group Novotek Semcon

Arkivator Dimension AB M2S Opcon Sigma

AudioDev AB Eniro AB Malmbergs Orc Software Softronic AU-System Enlight Interactive Mandator Orexo AB Svedbergs Axis AB FB Industri Maxim Pharma. Oriflame Tele1 Europé Ballingslöv AB Fingerprint Cards Mekonomen Partnertech Telelogic BioGaia Framtidsfabriken Mic. Laser Sys. Poolia Telia AB BioInvent int.ABFrango MSC Konsult Prevas Teligent

Biora Hakon Invest MTV Prod. ProAct IT Ticket

Boss Media Hemtex AB Munters Proffice Tradedoubler

Broströms HiQ Naturkompaniet ProfilGruppen Wedins Norden BTS Group AB IAR System Neonet AB PyrosequencingViking Telecom

Castellum Indutrade AB Netwise AB Q-Med Vitrolife

CellPoint Inc Info. Highway NWG ReadSoft

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Utdrag och exempel på minitabutskrifter gällande statistiska tester

Variabeln vinstdeltas inverkan på prissättningen

Descriptive Statistics

Vinstdelta/försäljning 80 bolag

Variable N Mean Median TrMean StDev SE Mean Låg_Delt 27 13,17 9,00 12,59 10,63 2,17 Mellan_D 26 9,92 7,00 9,36 8,28 1,69 Hög_Delt 27 12,13 7,50 11,59 11,00 2,24 Variable Minimum Maximum Q1 Q3

Låg_Delt 1,00 38,00 5,00 19,75 Mellan_D 0,00 32,00 4,00 14,00 Hög_Delt 1,00 35,00 4,00 16,75

Two Sample T-Test and Confidence Interval Vinstdelta.. test mellan hög och låg

Two sample T for Vinst_delta_hög vs Vinstdelta_låg

N Mean StDev SE Mean Vinst_de 27 12,4 10,9 2,2 Vinstdel 27 14,2 11,2 2,3

95% CI for mu Vinst_de - mu Vinstdel: ( -8,2; 4,6)

T-Test mu Vinst_de = mu Vinstdel (vs not =): T = -0,56 P = 0,58 DF = 51 Uppenbarligen kan vi inte förkasta hypotesen att de både kvartilerna har samma genomsnittspris.

Mann-Whitney Confidence Interval and Test

Låg förssäljning höga/låga accruals (tvättad data)

LFHA N = 17 Median = 18,18 LFLA N = 23 Median = 10,21 Point estimate for ETA1-ETA2 is 8,65 95,0 Percent CI for ETA1-ETA2 is (1,42;17,62) W = 338,0

Test of ETA1 = ETA2 vs ETA1 not = ETA2 is significant at 0,0109 Här kan utläsas att företag med låg försäljning kan öka priset genom EM

Mann-Whitney Confidence Interval and Test

HFHA N = 16 Median = 6,92 HFLA N = 24 Median = 5.06 Point estimate for ETA1-ETA2 is 1,30 95,0 Percent CI for ETA1-ETA2 is (-1,98;5,82) W = 284,0

Test of ETA1 = ETA2 vs ETA1 not = ETA2 is significant at 0,4266 Cannot reject at alpha = 0,05