Blar i Master of Science på emneord "finans"
Viser treff 61-80 av 410
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Cross-Asset Analysis The Impact of Value and Momentum Strategies
(Master thesis, 2023)This thesis performs a comprehensive analysis of momentum and value strategies across four asset classes, identifying a consistent decline in momentum returns relative to historical performance. The study demonstrates ... -
The Cross-Industrial Carbon Risi! Premium
(Master thesis, 2023)This thesis investigates the presence of a carbon risk premium in stock returns from 2003 to 2022 of 8,996 companies across 66 countries. We show that firms with higher carbon emissions earn higher returns while controlling ... -
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 ... -
Currency Hedging in Emerging Markets
(Master thesis, 2019)We study the effectiveness of currency hedging in emerging markets, focusing on portfolio performance employing both a minimum variance and a unitary hedging strategy. The perception is that the currency in emerging ... -
Currency Risk and the Government Pension Fund Global
(Master thesis, 2018)The Government Pension Fund Global (GPFG) in Norway is a sovereign wealth fund with an international portfolio only invested in foreign securities. This paper aims to evaluate the currency exposure of the fund and assess ... -
Debt Specialization In The Nordic
(Master thesis, 2023)This paper presents a comprehensive comparative analysis of the Nordic public debt market and the U.S. public debt market. By examining key firm characteristics that help explain trends in debt specialization, we provide ... -
Development of electricity price hedging with futures
(Master thesis, 2023)Given the recent volatility of electricity prices, this thesis aims to determine if the findings on electricity price hedging using futures are consistent with previous research. This paper will study the effectiveness ... -
Direct Lenders and the Impact of COVID-19
(Master thesis, 2023)This study explores how the COVID-19 shock affected direct lending in the U.S. Using a set of hand-collected data on direct lenders such as business development companies (BDCs) we apply a difference-in-differences model ... -
Direct Residential Real Estate in Oslo, Risk, Return and Comparison to the Equity Markets
(Master thesis, 2021)This thesis studies the nominal- and risk-adjusted returns from direct residential real estate investments in Oslo, for different dwelling types and areas, and compare with returns offered by OSEFX. We develop a hedonic ... -
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 ... -
Diversification benefits of listed infrastructure
(Master thesis, 2017)According to the infrastructure investment narrative, infrastructure is less exposed to business cycles and less affected by short term events, implying a potential diversification benefit in a mixed asset portfolio. ... -
Do acquiring firms gain from takeovers? : empirical evidence from the Norwegian stock market
(Master thesis, 2014-02-10)The objective of this thesis is to study the economic effect when acquiring firms announce takeovers in the Norwegian stock market. We find that bidders experience a positive abnormal announcement return of 2.16% on ... -
Do Acquiring Firms Gain from Takeovers? Empirical evidence from the Norwegian stock market with a focus on the payment method
(Master thesis, 2019)The objective of this thesis is to examine the economic effect when announcing a takeover in the Norwegian stock market. The research investigates acquisition announcements between 2009 – 2018, where the goal is to see ... -
Do Analysts' Price Targets Change Stock Prices? The Impact of Price Targets on Stocks with Different Characteristics.
(Master thesis, 2018)This thesis analyzes the impact of financial analysts’ price targets on stock prices. According to the efficient market hypothesis, all information should be incorporated in the stock price, meaning that financial analysts’ ... -
Do Family-Owned Firms Perform Better than Non-Family-Owned Firms?
(Master thesis, 2018)This thesis examines the performance of family-owned and non-family-owned firms in Norway from 2000-2015. The performance differences are compared using return on assets (ROA) as the indicator of firm performance. The ... -
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 following celebrity investors earn abnormal returns? : A study from Oslo Stock Exchange (OSE)
(Master thesis, 2017)The main purpose of this thesis is to study the possibility of earning abnormal returns by following celebrity investor transactions. It could appear through the media that there is a general consensus that 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 Insiders know best? : A study of reported insider trades in the Norwegian and Swedish Stock Market.
(Master thesis, 2018)In this thesis we investigate insider trading on Oslo and Stockholm stock market. We analyze 2515 insider trades in Norway from 21.09.2010 - 20.12.2017 and 3825 trades in Sweden from 01.01.2014 - 09.02.2017. To observe ... -
Do Institutions Put Their Money Where Their Mouths Are? Empirical evidence from analysts' stock recommendations, their firms' ex-ante holding and ex-post trading
(Master thesis, 2023)I empirically study the relationship between analysts' stock recommendations and their affiliated institutions' ex-ante holding and ex-post trading. I use data of 1,014,720 stock recommendations issued by analysts from 80 ...