Blar i BI Open på emneord "financial economics"
Viser treff 21-40 av 102
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Commodity Derivative Usage in U.S. Non-Financial Firms
(Master thesis, 2019)Financial derivatives have been studied and scrutinized in depth since the financial crises in 2007-2009. Derivatives’ effect on firms, in particular firm value, have been studied prior to, during, and post global ... -
Comovement in the Norwegian Stock Market
(Master thesis, 2019)We present the first comprehensive study of excess comovement in the Norwegian stock market, and find that stocks on the OBX index in Norway comove more than their fundamentals would suggest. The comovement is increasing ... -
Currency fundamentals, implied volatility, and FX investment strategies as NOK determinants
(Master thesis, 2019)We study which factors determine the Norwegian krone at the weekly frequency. We show the existence of a relation between the EURNOK depreciation rate and changes in oil prices, implied volatility indices, and the excess ... -
Distinguishing between skill and luck in the returns of Norwegian mutual funds
(Master thesis, 2016)Throughout this thesis we examine the risk adjusted performance of all actively managed Norwegian equity mutual funds, using a comprehensive dataset free of survivorship bias, spanning the period 1983 to 2015. We utilize ... -
Do financial synergies explain corporate spin-offs?
(Master thesis, 2017)This paper investigates the role of financial synergies as precursors of spin-offs. Our sample includes 106 parent firms that spun-off a subsidiary during the period 1983-2015. The results highlight that negative financial ... -
Do hidden liabilities unravel the credit spread puzzle?
(Master thesis, 2017)This work is based on the so-called “Credit Spread Puzzle” phenomenon. It suggests a new way to deal with the phenomenon, namely, the consideration of hidden debt in specific firms’ balance sheets. This information serves ... -
Do Norwegian start-ups and smaller business benefit from being located in an area serviced by a local savings bank?
(Master thesis, 2017)We examine the effect of the Norwegian bank industry consolidation, and consequent decrease in local savings banks, on the survival and growth of small businesses. The analysis uses year-by-year financial information for ... -
Do Sustainable Mutual Funds Offer Protection in Times of Market Instability?
(Master thesis, 2021)Our thesis examines the nancial performance of open-ended mutual funds with a Morningstar Sustainability rating from January 2015 to December 2020. We use four di erent factor models to investigate whether the hypothesis ... -
Does ESG Investments Come at a Cost?
(Master thesis, 2020)This thesis investigates the financial market’s reaction to the implementation of ESG related investment methods. In order to investigate this, we estimated the riskadjusted performance, evaluated and compared a high-rated ... -
Does macro uncertainty affect stock markets?
(Master thesis, 2016)This thesis concerns the topic of uncertainty and its application to economics. Uncertainty is a situation which involves imperfect and/or lack of information necessary for the prediction of future events. In this study, ... -
Does Materiality Matter? Links Between ESG Issues and Firm Performance
(Master thesis, 2020)Using material classifications of sustainability categories, we map industry-specific sustainability indicators into materiality-adjusted firm-level ESG scores in a unique geographical sample of the Nordics and the United ... -
EFFECT OF GENERATIONAL CEO TURNOVERS ON FINANCIAL PERFORMANCE OF PRIVATE NORWEGIAN FAMILY FIRMS IN THE OIL INDUSTRY
(Master thesis, 2020)Using data of private Norwegian family firms in the oil industry, we study the effect of generational CEO turnovers –between 2000 and 2017– on companies’ financial performance. We analyze firm performance by examining ... -
Employment in family firms : a study on Norwegian firms
(Master thesis, 2017)In this master thesis, we investigate whether employees in family firms are better off in bad times than employees in non-family firms by using a sample of Norwegian firms. We focus on implicit contracts that is argued ... -
Enhancement of value strategies using the profitability premium
(Master thesis, 2017)The profitability premium can enhance value strategies. The anomaly is still significant after adding a profitability- (RMW) and investment (CMA) factor to the (Fama & French, 1993, 2015) three factor regression. A ... -
Equal risk contribution adopts time series momentum
(Master thesis, 2017)We study risk based portfolios with an emphasis on equal risk contribution, in a time series momentum setting. The benchmark strategies in which we compare the equal risk contribution includes inverse volatility, minimum ... -
ESG and corporate financial performance: A study on differences across countries and industries in Europe
(Master thesis, 2021)We study the relationship between ESG performance and nancial performance in Europe. We bring new insight to this eld of research by dividing the sample into subsamples based on industry and geographic location to ... -
ESG Disagreement: Determining Factors and Impact on Stock Performance
(Master thesis, 2021)Using a sample of S&P 500 firms in the period 2010-2020. We will first study the rating variation of Environmental, Social, and Governance (ESG) ratings among some of the top prominent agencies. Secondly, we will study ... -
ESG rating and financial performance in the Nordic market
(Master thesis, 2019)Stakeholders’ interest in firms have increased in recent years and ESG rating have become more important. Previous literature has had difficulties concluding on the effect of ESG rating on financial performance. The ESG ... -
Evaluation of stock characteristics on the Norwegian and Romanian stock markets
(Master thesis, 2017)This master thesis evaluates the stock characteristics of two main asset-pricing models in both the Norwegian and Romanian stock markets with the addition of liquidity, momentum, beta and idiosyncratic volatility in order ... -
Family Ownership and Cash Holdings : Empirical Evidence from Norway
(Master thesis, 2016)This master thesis examines the level of cash holdings in Norwegian private firms in the period 2004 to 2014. We compare family firms to non-family firms and explore whether there are differences in their cash holding ...