Blar i Student papers på emneord "finans finance finacial economics"
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Adjusted price-dividend ratio and stock returns predictability
(Master thesis, 2014-02-12) -
Capital structure and agency costs for Norwegian private firms
(Master thesis, 2014-02-12)This paper is motivated by the developments of capital structure theory, and the fact that private firms have been modestly researched in this field. The paper examines whether agency costs influence the capital structure ... -
Carbon Risk and Expected Return
(Master thesis, 2022)This thesis examines whether climate risk and carbon emissions can be identified as separate risk factors in European listed equities. We build and extend on the methods of Bolton and Kacperczyk, by applying those methods ... -
CEO Characteristics and Corporate Leverage A Norwegian Perspective
(Master thesis, 2022)We study the relationship between CEO Characteristics and corporate leverage in Norwegian listed companies using an unbalanced panel of 303 firms from 2000 to 2017. To study the relationship, fixed effects regressions and ... -
Coskewness as a driver of excess returns, size premiums and book-to-market effects on emerging and developed markets : an empirical study on Poland and Germany
(Master thesis, 2012-05-09)If asset returns present systematic skewness, then the risk associated with it should be compensated accordingly and this compensation should be identified in the premia of the expected returns. Thus, asset pricing models ... -
Crisis Predictability in the Cross-Section of Political Uncertainty and Stock Returns
(Master thesis, 2022)This paper replicates the global political risk factor discovered by Gala, Pagliardi, & Zenios (2020) and documents additional predictability between political uncertainty and international stock returns by utilizing crisis ... -
Cross-sectional Momentum in the Norwegian Stock Market
(Master thesis, 2022)We document significant ”cross-sectional momentum” profitability in the Norwegian stock market from Q1 1995 to Q2 2022. The past winners portfolio is identified as the main driver of the cross-sectional momentum returns ... -
Currency risk premiums in CEE emerging stock markets
(Master thesis, 2012-05-14)The paper addressees the issue of pricing currency risk as well as the importance of the size of the risk premium. We test the conditional version of an International Capital Asset Pricing Model using a multivariate GARCH ... -
Degree of Active Management and Performance of Storebrand’s ESG-labeled Mutual Funds
(Master thesis, 2022)This thesis investigates whether Storebrand’s ESG labeled mutual funds can outperform their benchmarks, and how likely that is. We analyze five active mutual funds that have high scores on Storebrand’s proprietary ... -
Determinants and Estimation of Risk Premiums in Emerging Markets – Are investors compensated for taking additional risk?
(Master thesis, 2022)This thesis addresses whether investors will be compensated for investing in emerging and frontier markets. Return will be defined as capital gains and dividend yields on three different indexes, while risk will be determined ... -
Do Commodities Lead Stock Market Industries?
(Master thesis, 2022)This paper investigates whether the price changes in commodity futures can predict the stock price movements in US industries. Our estimated risk premia indicate that a large number of commodity futures do lead specific ... -
The Effect of Investor Sentiment on IPO Underpricing - Evidence from the Nordic Market
(Master thesis, 2022)The heavily researched, yet unsolved, IPO underpricing phenomenon has been by investigated by academics for decades and offered multiple explanations as to why it exists. Analysing a sample of 526 IPOs in the Nordic market ... -
The effect on firm performance if the family loses majority or supermajority voting rights
(Master thesis, 2022)This paper uses a unique data set from Norway to investigate how firm performance is affected if the family decides to reduce their ownership stake below the majority, supermajority, or both voting thresholds. Our ... -
Empirical study on flow-performance relationship of Norwegian mutual funds : retail investor versus institutional investor
(Master thesis, 2012-05-11)In this paper we study the relationship between past performance and investor flows of Norwegian mutual funds by using a dataset from February, 2003 to May, 2007. We divide mutual fund investors into two subgroups-retail ... -
Environmental scores and firm cost of debt – A study examining differences across industries and regions of Europe in the context of the EU Taxonomy
(Master thesis, 2022)The increasing interest in firms' ESG activities among investors has led to different attempts of measuring the environmental dimension, recently through the EU Taxonomy. This thesis investigates the impact of the environmental ... -
ESG Performance, Green Bonds, and Yield Spreads - an empirical study of the Norwegian corporate bond market
(Master thesis, 2022)This paper seeks to study the relationship between environmental, social, and governance (ESG) performance, green bonds, and yield spreads in the Norwegian corporate bond market. By imposing a clustering model with fixed ... -
Exercising growth options through seasoned equity offerings : comparative impact on the stock returns of Nordic issuers
(Master thesis, 2012-05-11)The apparent long-run abnormal underperformance of equity issuers has stirred great interest in finance until real (growth) options explanations have been successfully developed and tested on American SEO data in recent ... -
Forecasting crude oil futures volatility
(Master thesis, 2013-02-18)This thesis examines the accuracy of different volatility models in forecasting the volatility of West Texas Intermediate crude oil futures returns. We examine the information content of implied volatility by embedding it ... -
Guanxi, Economic Policy Uncertainty and Corporate Social Responsibility
(Master thesis, 2022)Informal systems can have a significant impact on corporate behavior, and 'Guanxi' is part of the informal system that can have a significant impact on corporate social responsibility. Based on the data of A-share listed ... -
How do long-run performance and underpricing of IPOs differ from private equity-backed, venture capital-backed and non-private equity-backed companies?
(Master thesis, 2022)This paper investigates initial returns from the first-day, first-week, and firstmonth closing price to capture the underpricing of an initial public offering during two different market cycles, namely hot- and cold-issue ...