Blar i BI Open på emneord "financial economics"
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A Behavioristic Study on Overreaction and Underreaction : When and Why Does it Occur?
(Master thesis, 2016)The following thesis is a study of two related concepts known as “Overreaction” and “Underreaction”. Overreaction and underreaction, both of which have been offered by behaviorists as possible explanations to asset ... -
A Merton Approach to Predicting Defaults Amongst Public Firms in Norway
(Master thesis, 2016)The primary objective of this thesis is to investigate how well Merton’s corporate debt model performs in predicting defaults amongst public firms in Norway. The study concludes that the model performs adequately in ... -
A stochastic freight rate approach to valuation of crude tanker companies
(Master thesis, 2017)This thesis aims to develop a stochastic valuation model for the shipping industry, incorporating an Ornstein-Uhlenbeck process by capturing the meanreverting dynamics of freight rates. It examines the theoretical ... -
A Study of Corporate Bond Liquidity
(Master thesis, 2016)In this paper we study the liquidity of the Norwegian corporate bond market. We utilize a methodology closely related to the one developed by Dick-Nielsen, Feldhütter, and Lando (2012), and find that the spread contribution ... -
A study of hedging at the firm level in u.s. oil and gas exploration firms
(Master thesis, 2017)This paper studies the hedging activities of 98 U.S. oil and gas exploration rms between 2004 and 2015. We investigate the following three hypothesis; (1) to what extent does hedging a ect rms' stock price exposure ... -
A study of the volatility in the dry bulk market
(Master thesis, 2017)This thesis aims to measure and analyze the volatility of the dry bulk freight spot market. Empirical research is conducted by using samples of daily observations from 1985 to 2016. We find the return series are stationary ... -
A time-varying performance analysis of norwegian mutual funds
(Master thesis, 2017)We wish to enrichen the debate on whether actively managed mutual funds can earn excess returns to justify the fees carried by their investors. An important question to answer is whether mutual funds are able to earn ... -
Active Share and Performance of Norwegian Equity Funds
(Master thesis, 2019)We measure the degree of active management in Norwegian equity mutual funds and investigate how it relates to fund performance in the period 2007-2018. Our measures of active management are active share and tracking ... -
An empirical analysis of the risk premium in the crude oil futures market
(Master thesis, 2019)This paper investigates the unbiasedness of the crude oil futures price in two time periods: 1986-2019 and 2006-2019. The unbiasedness of the futures price is examined using linear regression in an in-sample setting and ... -
An estimate of the financial value added of the Norwegian Petroleum Fund mechanism
(Master thesis, 2019)In this thesis, we quantify the financial valued added from re-allocating oil and gas resources into a globally diversified financial portfolio. We do this by introducing an alternative approach to management of the oil ... -
The Behavioural Implications of Passive Robo-Advising on Personal Savings - Evidence from Kron AS
(Master thesis, 2020)The political shift and technological development since the 2008 financial crisis have shaped a new era, taking financial wealth management to robo-advisory (RA). This thesis studies the behavioural implications of a ... -
Biotech IPOs: a study on the determinants of stock performance
(Master thesis, 2020)This thesis investigates the short-run and long-run performance of 459 Biotech IPOs issued between 1991 and 2016 in the United States, by analyzing determinants such as the underwriter's prestige, the syndicate involved, ... -
Board diversity and financial performance: evidence from Norway
(Master thesis, 2017)This paper contributes to the growing body of research examining the link between gender diversity in decision-making organs and financial performance. Board diversity has been a hot topic in recent years, and a substantial ... -
Breaking down anomalies: comparative analysis of the q-factor and fama-french five-factor model performance
(Master thesis, 2017)The continuous development of the asset pricing supplies investors and researchers with the new empirical models and it might get challenging to pick one to use. This thesis provides an empirical comparison of the Fama-French ... -
Can a trading strategy based on predictions from a nonlinear support vector machine outperform a passive investor holding the S&P500 index?
(Master thesis, 2019)In this empirical research, we compare the forecasting performance of a supervised Support Vector Machine technique to a passive buy-and-hold strategy on the S&P500 index. By introducing two investment strategies, we ... -
Can commodity prices predict exchange rates in developed commodity-exporting economies?
(Master thesis, 2017)In this paper, we study the exchange rate behavior of the commodity exporting economies Canada, Norway, Australia, and New Zealand, by testing the relationship to commodity prices and macroeconomic fundamentals. We find ... -
Can sustainability criteria enhance returns and reduce risk on stocks?
(Master thesis, 2017)This thesis investigates whether sustainability criteria can be used to enhance return and reduce risk on stocks. This is done through conducting an empirical analysis on European stocks from 2007-2016, with the purpose ... -
Cape vs the fed model: comparative analysis of the out-of-sample performance in predicting future stock returns
(Master thesis, 2017)The goal of this thesis is to compare the out-of-sample performance in predicting future stock returns of the Fed model and Shiller's cyclically adjusted price-to-earnings ratio (CAPE). The two models are also augmented with ... -
Capital structure and ipo market timing in the U.S. high-tech industry
(Master thesis, 2017)The scope of this master thesis is to understand what drives the decision by American firms to raise capital through initial public offerings. In particular we assess whether American technology firms try to time the IPO ... -
Cash flow permanence and payout policy in the Norwegian market
(Master thesis, 2017)We investigate the relationship between cash flow shocks, its permanence and its link to payout policy for publicly listed firms in Norway. We reject the “permanence hypothesis” suggested by Guay and Harford (2000) ...