Blar i Master of Science på emneord "finans finance"
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Agency Problems In Special Purpose Acquisition Companies
(Master thesis, 2022)Special Purpose Acquisition Companies (SPACs) are publicly held shell companies with no operations, formed with the sole purpose of acquiring a single private company. With a sample of 342 SPAC mergers between July 2016 ... -
Are Factor ETFs a Valuable Investment?
(Master thesis, 2022)In this thesis, we study the performance of factor ETFs. We estimate risk-adjusted returns (alpha) using renowned asset pricing models to capture different sources of systematic risk. Moreover, we study whether factor ETFs ... -
Are female-led start-ups in Norway at disadvantage of receiving external finance: A capital structure analysis
(Master thesis, 2022)Gender discrimination has gained a lot of attention more recently when it comes to receiving external finance. Despite Norway ranking third in closing the gender gap, statistics from Nordic countries find that male founded ... -
Asset Allocation in European Equity Markets: A comparison of sector, factor and country investing
(Master thesis, 2022)With the evolution of index-based investing in the past decades, we investigate three investment universes consisting of sector, factor, and country indices in the European equity market. We employ several asset allocation ... -
Asset pricing models in the Nordic Stock Market
(Master thesis, 2022)This thesis investigates the Fama and French asset pricing models on a sample of all firms, green firms, and half-green firms in the Nordic stock market. We find that when fitted to the full sample, the factor models of ... -
Beta Anomalies in Scandinavian Financial Markets
(Master thesis, 2022)In our master thesis, we build upon the works of Pedersen and Frazzini to study the beta anomaly. We first replicate their method for constructing the BAB factors in Norway, Sweden, and Denmark. Then we adjust our ... -
Bid premium in Chinese outbound M&A
(Master thesis, 2013-02-06)In this paper we study whether Chinese firms bid higher on average when involved in outbound mergers and acquisitions, compared to bidders from the rest of the world. We argue that the unique Chinese context due to the ... -
Bitcoin Returns – a Mood Killer?
(Master thesis, 2022)The thesis examines whether cryptocurrency returns may be used to explain sentiment expressed on social media. To do this, we have constructed a unique dataset consisting of posts on Twitter and Reddit mentioning Bitcoin ... -
CDS-Bond Basis: An Empirical Study of European Souereign Credit Spreads
(Master thesis, 2022)We study the eurozone sovereign CDS-bond basis and evaluate the link between the sovereign CDS premiums and the corresponding bond yield spreads. We find statistically significant differences in determinants of sovereign ... -
CEO gender and its impact on profitability, growth and volatility in Norwegian startups
(Master thesis, 2022)Abstract There has been a lot of discussion on CEO gender and its impact on firm performance, growth and volatility. This paper examines whether Norwegian female-led startups financially underperform, grow slower and are ... -
Comparative study of short-run IPO performance in a selection of Euronext countries
(Master thesis, 2022)This thesis investigates the relevance of prevalent underpricing theories on 175 IPOs occurring between 2014-2021 in the Euronext countries of Belgium, France, and the Netherlands. Across all Euronext IPOs, we observe an ... -
Contrarian investment strategies : evidence in China stock market 2002-2011
(Master thesis, 2013-02-15)This master thesis aims to investigate the profitability of momentum and contrarian investment strategies in Chinese “A” share market listed on both the Shanghai Stock Exchange (SSE) and the Shenzhen Stock Exchange (SZSE) ... -
Credit rating updates as a source of new information in the Scandinavian stock market
(Master thesis, 2013-02-08)This thesis investigates the Scandinavian stock market’s response to all credit rating updates on unsecured debt in listed firms given by Standard & Poor’s and Moody’s during the period 2000 to 2010. We use an event study ... -
The Determinants of ESG Ratings in Family Firms : Evidence from the Nordic Market
(Master thesis, 2022)By drawing on a sample of 528 public-traded corporations in the Nordic countries, this thesis explores the determinants of ESG ratings in family firms. We address three important research questions: (1) are family firms ... -
Dispersion in analysts' forecasts and momentum strategies in the Norwegian stock market
(Master thesis, 2013-02-18)Research has shown that stock prices tend to drift in the same direction as revisions in consensus forecasts provided by financial analysts. In this paper we create momentum portfolios by an EPS-earnings revision ratio, ... -
Do Green Forerunners Perform Better? An Empirical Investigation of the Global Shipping Stock Market
(Master thesis, 2022)This thesis studies the relationship between the financial and environmental performance of global tanker and dry bulk shipping stocks between 2016 and 2022. We construct two different green stock portfolios consisting ... -
Does Volatility Timing Enhance Portfolio Performance?
(Master thesis, 2022)In this paper, we replicate the methodology of Moreira and Muir’s “Volatility-Managed Portfolios” (2017). We investigate whether it is possible to benefit from volatility timing in smaller equity markets by testing the ... -
The effect of ESG-performance on M&A premiums : An Empirical Analysis of ESG in M&A’s
(Master thesis, 2022)We conduct a multiple regression on 1,498 M&A transactions from North America and Europe to study the relationship between ESG and M&A premium. Further on, we examine if it exists differences across industries and whether ... -
The Effect of Government Equity Participation on Infrastructure Projects
(Master thesis, 2022)In this paper, we research the effect of government equity participation in infrastructure projects. We find evidence that government intervention contributes to infrastructure projects getting completed with the odds ... -
The Effect of Politics-Policy and ESG Ratings on International Stock Returns
(Master thesis, 2022)First and foremost, our study provides evidence of a relationship between a country’s returns and its Politics-Policy ratings. We document that the univariate spread portfolio that is long on the low politics (policy) ...