Browsing NHH Brage by Subject "finance"
Now showing items 1-20 of 233
-
A five factor approach to the low volatility anomaly : an empirical study of the Norwegian stock market
(Master thesis, 2018)In this thesis, we construct the Fama-French five-factor model (2015a) for the Norwegian stock market in order to examine the existence of the low volatility anomaly. We estimate risk as idiosyncratic volatility relative ... -
A fundamental tax reform in Norway : a comparison of the allowance for corporate equity system and the comprehensive business income tax system in a Norwegian setting
(Master thesis, 2014)This thesis seeks to answer what are the main distortions in the Norwegian tax system and to determine which of the ACE or CBIT systems that best could replace the current system. First, the thesis considers the current ... -
A study of moral motivation in paternalistic behavior : a study of how two variations of information asymmetry affect the willingness to make paternalistic decisions
(Master thesis, 2017)The purpose of this thesis is to study moral motivation in hard paternalistic interferences, and further contribute to the understanding of the nature behind paternalistic behavior. Based on the evidence that people are ... -
A study of the Norwegian Stock Market, 1961-1989 : characteristics of the Oslo Stock Exchange and an empirical analysis of the price-book anomaly
(Master thesis, 2018)This thesis analyzes characteristics of the Oslo Stock Exchange (OSE) in the time period 1961-1989. Furthermore, this thesis extends the literature concerning the research on the P/B anomaly in the Norwegian stock market ... -
Adopting robotics in downstream financial services : a study investigating bank customers' readiness, and potential barriers to adopt robotics technology
(Master thesis, 2016)The financial sector is experiencing great challenges as the world enters the fourth industrial revolution. Changing customer preferences and new companies venturing into the financial sector are forcing banks to shift ... -
Aftermarket liquidity and performance of initial public offerings : evidence from Oslo Stock Exchange
(Master thesis, 2019)This thesis investigates abnormal returns in initial public offerings (IPOs) at the Oslo Stock Exchange during the time period of 2007 to 2018. By utilising four liquidity measures, we aim to identify the relationships ... -
The air passenger tax : an empirical analysis of the effect of the air passengers tax on air-traffic volumes for domestic routes in Norway
(Master thesis, 2020)This master’s thesis seeks to analyse the effect of the Air Passenger Tax, introduced by the Norwegian government in 2016 on all flights departing a Norwegian airport. The future of the Air Passenger Tax is of current ... -
An analysis of the long-term and dynamic effects of the US money market fund reform on NIBOR
(Master thesis, 2017)NIBOR, the Norwegian Interbank Offered Rate, is an important reference rate for financial products in the Norwegian market. It has also become of increasing interest as conventional monetary policy tools have become less ... -
An empirical analysis of futures pricing in the Nordic electricity market
(Master thesis, 2016-09-02)The aim of this paper is to study the pricing of futures contracts relative to expected future spot prices in the Nordic electricity market. Data set of 1–6 weeks ahead weekly and 1–6 months ahead monthly futures is used ... -
An empirical analysis of the effect of key policy rate changes on the unbiasedness hypothesis
(Master thesis, 2018)Interest rate parity is one of the most important theory in international finance which determines the relationship between the exchange rate and interest rates of two countries. However, there are many empirical findings ... -
An empirical analysis of the local weathers’ effect on dwelling prices
(Master thesis, 2019)Intuition and psychological evidence predict that pleasant weather is associated with an upbeat mood, and empirical research demonstrates that mood influences decision-making. This thesis investigates the effect of local ... -
An empirical analysis of the unbiasedness hypothesis
(Master thesis, 2018)This thesis has two main aims, split into two parts. The aim of the first part is to see if the unbiasedness hypothesis holds for some of the world’s most liquid currency pairs. The objective is to gather new data on ... -
Analysing Fund Flow in the European Sustainable Mutual Fund Market : An Empirical Analysis of Sustainability-rated European Listed Mutual Funds before and after the Covid-19 recession
(Master thesis, 2022)We analyse the effect of the Morningstar Sustainability Rating on fund flow in the European mutual fund market. The Covid-19 recession in March 2020 was a pivot for the industry, and we look at one-year periods before ... -
Analysis of contrarian strategies on risk dimension
(Master thesis, 2018)The concept of value strategies outperforming glamour strategies have been dominating in finance literature, but the reason is still contentious. In this thesis, we are replicating the LSV paper and in addition to that, ... -
Are avocados the blood diamonds of Mexico? : an empirical study on how increasing demand for Mexican avocados is related to cartel violence
(Master thesis, 2020)Has the increasing demand for Mexican avocados caused an escalation of violence between Mexican cartels? I theorize that the cartels enter growing licit industries to diversify their revenue stream from the drug trade. ... -
Are income tax preferences a moral or a selfish choice? : an experimental approach
(Master thesis, 2013)An understanding of personal preferences and attitudes is crucial in order to design an income tax system that people find fair. We have examined, by means of an economic experiment, how selfishness, risk preferences and ... -
Artificial Intelligence and Nord Pool’s intraday electricity market Elbas : a demonstration and pragmatic evaluation of employing deep learning for price prediction : using extensive market data and spatio-temporal weather forecasts
(Master thesis, 2018)This thesis demonstrates the use of deep learning for automating hourly price forecasts in continuous intraday electricity markets, using various types of neural networks on comprehensive sequential market data and ... -
Assessment of international equity investment connectedness : portfolio diversification with respect to institutional and non-institutional investors
(Master thesis, 2018)International equity flows increased approximately five times from 2001 to 2016. Therefore, stock market connectedness is increasing over time. It is necessary to assess international equity investment structure not only ... -
Bankruptcy prediction : static logit and discrete hazard models incorporating macoreconomic dependencies and industry effects
(Master thesis, 2015)In this thesis, we present firm default prediction models based on firm financial statements and macroeconomic variables. We seek to develop reliable models to forecast out-of-sample default probability, and we are ... -
Basel III - Financial stability at the Expense of innovation and economic growth? : An Analysis of the Possible Effects Basel III have on Access to Funding for Small and Medium Sized Enterprises, Entrepreneurs and Economic Growth
(Master thesis, 2014)This thesis investigates the impact of intro ducing the Basel III banking regulations. Specifically how it affects access to funding for innovative SMEs and entrepreneurs. Access to funding for these ent erprises is ...