Browsing NHH Brage by Author "Bienz, Carsten Gero"
Now showing items 1-17 of 17
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Acquiring Targets Picked by Private Equity : The Effect of Competitor Identity on Corporate Merger Gains
Haugan, Birk Unhjem (Master thesis, 2021)This paper examines the e↵ect of private equity competition on corporate takeovers. I find that corporate acquirers who compete with financial sponsors outperform those who compete exclusively with other corporate ... -
Bitcoin liquidity in a market microstructure
Mahmood, Mohsin; Nilssen, Martin Nikolai (Master thesis, 2018)This master thesis investigates Bitcoin liquidity in a market microstructure setting and has been divided into two parts. In the first part we examine whether there is any correlation between the results generated by ... -
Corporate investment behavior : an empirical comparison of Norwegian public and private firms
Hjelmeland, Eirik; Moldvær, Kristian Kaldhol (Master thesis, 2015)This thesis examines whether short-termism among Norwegian public firms distorts their investment decisions. We follow the study by Asker, Farre-Mensa and Ljungqvist (2014), using private firms as a counterfactual for ... -
Did Financial Markets React to the Overturning of Roe v. Wade? An Event Study on the U.S. Stock Market’s Response to Legislation Affecting Reproductive Rights
Skaar, Ivar; Buen, Espen (Master thesis, 2022)Abortion has remained a contentious issue across the United States for the better part of the last century. On June 24th, 2022, the Supreme Court overturned Roe v. Wade which had provided constitutional protection of ... -
Diversified vs Specialized Private Equity Funds : A Study of Risk-Adjusted Performance using Insights from Simulations and Empirical Data
Krishnapala, Krishan; Larsen, Henrik Andre (Master thesis, 2023)Private equity funds face constraints on the number and type of investments they can hold due to the time and resources required for counseling activities. This may lead to specialization in a specific industry or region ... -
Does Private Ownership in the Kindergarten Sector Benefit the Children? Empirical Evidence from Norway Does the kindergarten's ownership form impact the quality?
Rougier, Erik Barstad (Master thesis, 2022)This paper investigates whether private ownership in the Norwegian childcare sector benefits children. The paper seeks to do so by investigating whether there are differences in quality between public and private kindergartens, ... -
The effect from accrual earnings management in private equity trade : a studie of the Norwegian private equity market’s investments and divestments
Hjeltnes, Ola K.; Sjøsaasen, Marius L. (Master thesis, 2019)Our paper looks at account manipulation in private companies purchased and sold by private equity funds. We use a proxy for discretionary accrual earnings management to measure the degree of manipulation in accounting data, ... -
The Effect of M&A on Employee Performance : An empirical study on post-MBA employee performance in private Norwegian target companies
Aarbakke, August S.; Aasheim, Adrian (Master thesis, 2023)This paper analyses post-M&A employee performance for private Norwegian target companies using accounting data between 2007 and 2016. We have created an algorithm which identifies ownership changes in firms from accounting ... -
The ESG Effect on IPO Underpricing: A study using textual analysis to explore the effect of ESC disclosure on IPOs first-day returns on Oslo Stock Exchange and Euronext Growth
Wikan, Harald Holm; Skjæveland, Henrik (Master thesis, 2022)This thesis examines the relationship between ESC disclosure and underpricing of IPOs on Oslo Stock Exchange and Euronext Growth. By employing textual analysis methods and an ESC dictionary, we construct a measure of ESC ... -
ESG ratings and stock performance : an empirical investigation of the link between ESG ratings and stock performance of European large cap firms
Wilhelmsen, Erik B.; Woods, Erik (Master thesis, 2021)This thesis investigates the link between ESG ratings and stock performance of European large capitalization firms. Using ESG ratings from three independent providers – Thomson Reuters, Bloomberg and Sustainalytics – we ... -
Initial public offering methods in the Nordic market : a quantitative study of the relative aftermarket performance between fixed price and bookbuilding IPO’s in the Nordic market
Ettesvoll, Frederik; Engebret, Heidar (Master thesis, 2020)The goal of this thesis is to study the relative aftermarket performance of fixed price initial public offerings relative to bookbuilding offerings in the Nordic market and discover whether there are any differences in ... -
The interaction between leverage and cash-balance dynamics : An empirical study of time-series variation in leverage and cash-balance ratios in publicly listed firms in the Nordics
Sikkeland, Oda Johanne; Langdalen, Camilla (Master thesis, 2023)This paper investigates whether time-series variation in leverage can be linked to hypothetical cash-balance squeezes for Nordic firms. The methodology in this paper is based on the article by DeAngelo, H., Concalves, ... -
Portfolio Modelling: Man vs Machine : An empirical study of machine learning efficiency and variable selection in portfolio modelling on the Oslo Stock Exchange
Flon, Nicholas de; Pettersen, Sander Nikolai Berge (Master thesis, 2022)We investigated and compared the performance of machine learning methods in the context of empirical asset pricing. We used seven different algorithms and 83 firm characteristics, comparing the models’ monthly predictive ... -
Private equity og real earnings management : en disiplinerende effekt : en studie av porteføljeselskapene til private equity
Høyfjell, Fay; Tungland, Tine Qun (Master thesis, 2018)I denne masterutredningen benytter vi norske regnskapsdata til å undersøke forekomsten av real earnings management (REM) i porteføljeselskapene til private equity. Ved å benytte propensity score matching, konstrueres et ... -
The effect from accrual earnings management in private equity trade : a study of the Norwegian private equity market’s investments and divestments
Hjeltnes, Ola K.; Sjøsaasen, Marius L. (Master thesis, 2019)Our paper looks at account manipulation in private companies purchased and sold by private equity funds. We use a proxy for discretionary accrual earnings management to measure the degree of manipulation in accounting data, ... -
The effect of corporate sustainability on stock performance : an empirical comparison between European stocks with good and bad ESG performance
Togba, Simon Sveen; Lyng, Espen Ketilsønn (Master thesis, 2018)This thesis investigates the effect of corporate sustainability on financial performance in Europe during the period 2005-2017. We examine whether companies with good ESG performance perform better in the stock market than ... -
The Value of ESG: Evidence from M&As: An Empirical Analysis of ESG in M&As in the OECD from 2010 to 2021
Rui, Bendik; Dramdal, Ole (Master thesis, 2022)This paper investigates whether acquirers are willing to pay a premium for targets with greater environmental, social, and governance (ESG) performance in mergers and acquisitions (M&A). The topic is scarcely investigated, ...