Browsing NHH Brage by Author "Bjerksund, Petter"
Now showing items 21-40 of 43
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Konsekvenser av etisk screening i investeringsbeslutninger : en prestasjonsanalyse av etisk screenede indekser
Pedersen, Martin; Rasmussen, Ingve (Master thesis, 2017)Formålet med masterutredningen er todelt. Et mål er å vurdere om investorer som benytter etisk screening oppnår lavere risikojustert avkastning enn investorer som ikke har tilsvarende begrensninger. Etisk screening ... -
Kunsten å skape penger i den moderne økonomien : hvor mye tjener pengeutstedende sektor på å skape penger? En studie av kontopenger og digitale sentralbankpenger i Norge
Geber, Magne (Master thesis, 2019)Bankene står i en særstilling fordi de kan skape sin egen finansiering ved å utvide balansen sin på begge sider gjennom nye utlån – de kan skape nye penger. Samtidig utreder Norges Bank mulighetene for å innføre digitale ... -
Lønnsomhet i den norske IT-konsulentbransjen :en studie av lønnsomhetsfaktorer blant Norges største IT-konsulentselskap
Berli, Haakon Lunden; Hundhammer, Anders (Master thesis, 2020)Den norske IT-konsulentbransjen har doblet sin omsetning de siste ti årene, sterkt drevet av en økende digitalisering av samfunnet. Samtidig ser vi også at mennesker og selskaper blir mer og mer avhengige av digitale ... -
Managing Flexible Load Contracts: Two simple strategies
Bjerksund, Petter; Myksvoll, Bjarte; Stensland, Gunnar (Discussion paper, Working paper, 2006-11)A flexible load contract is a type of swing option where the holder has the right to receive a given quantity of electricity within a specified period, at a fixed maximum effect (delivery rate). The contract is flexible, ... -
The optimal spending rate versus the expected real return of a sovereign wealth fund
Aase, Knut K.; Bjerksund, Petter (Discussion paper;1/21, Working paper, 2021-02-04)We consider a sovereign wealth fund that invests broadly in the international financial markets. The influx to the fund has stopped. We adopt the life cycle model and demonstrate that the optimal spending rate from the ... -
Planting the SEEDS : backtesting the Graham–Munger investment style for 2006–2020
Hellweger, Lisa (Master thesis, 2021)Despite having many critics disputing value investing’s relevance today, several of the world’s best value investors continue to deliver market-beating results almost every year. This thesis attempts to participate in ... -
Predicting Credit Spread Dynamics in the Norwegian Corporate Bond Market : An empirical analysis of High Yield and Investment Grade bonds in the Period 2014-2022
Nedrebø, Birk Rugland; Tesfagaber, Michael F. (Master thesis, 2023)This thesis examines the credit spread dynamics between High Yield (HY) and Investment Grade (IG) bonds in the Norwegian corporate bond market. The sample consists of monthly pricing data for 37 distinct bonds spanning ... -
The profitability of the reverse mortgage : a profitability analysis of the Norwegian reverse mortgage from a lender’s perspective
Olsen, Mariel Renå; Sageidet, Nora Therese (Master thesis, 2020)The Norwegian population is getting older, and future generations are expected to receive less pension than generations before them. However, many seniors have large savings tied up in home equity, which can be released ... -
Profitable Robot Strategies in Pari‐Mutuel Betting
Bjerksund, Petter; Stensland, Gunnar (Discussion paper;6/17, Working paper, 2017-04-07)We have collected odds and results from 7 474 horse races in Norway and Sweden for a period of approximately 1.5 years. Based on the odds from the win game, we construct a profitable betting strategy for the corresponding ... -
Risk and return in yield curve arbitrage : a survey of the USD and EUR interest rate swap markets
Ager-Wick, Brage; Luong, Ngan (Master thesis, 2020)This thesis extends the research of Duarte, Longstaff and Yu (2007) by looking at the risk and return characteristics of yield curve arbitrage. Like in Duarte et al., return indexes are created by implementing a particular ... -
Sammenhengen mellom futuresprisen på laks og aksjekursen til oppdrettsselskapene på Oslo Børs : en empirisk analyse av laksefutures og aksjekursen til norske oppdrettsselskap
Røssland, Marie; Skudal, Lena Elizabeth Heimtun (Master thesis, 2017)Denne oppgaven omhandler sammenhengen mellom futuresprisen og aksjeprisen til oppdrettsselskapene på Oslo Børs. Laks er en av Norges største eksportvarer, og en industri hvor Norge peker seg ut som en av verdens ledende ... -
Should Investors Trust Morningstar Ratings? An empirical study on Morningstar ratings ability to predict future performance using evidence from mutual funds in the U.S.
Herbas, Diego Gerardo Molina; Setsaas, Anna Oline Bruun (Master thesis, 2023)This thesis studies the ability Morningstar ratings have to predict future performance, particularly if funds that are top rated tend to outperform the worst rated funds. Our study is focused on the U.S large-cap mutual ... -
Skattemotivert internprising i flernasjonale selskaper med hovedfokus på immaterielle eiendeler: en case-studie av Accenture
Evensen, Ane Strømstad; Hundseid, Elizabeth Evje (Master thesis, 2015)Fremveksten av flernasjonale selskaper og graden av konserninterne transaksjoner har gjort internprising til et av de viktigste internasjonale skattespørsmålene. Flernasjonale selskaper sin bruk av skatteparadisselskaper ... -
Stock market reactions to firm-specific ESG news : an empirical analysis of the effect of positive and negative firmspecific ESG news on stock market returns and trading volume at the Oslo Stock Exchange
Øzkurt, Emine; Pedersen, Karoline (Master thesis, 2021)This empirical analysis investigates the effect of firm-specific ESG news on daily stock returns and trading volume in the period 2010-2020, and seek to examine whether non-financial ESG news is valuable for investors. We ... -
Stock Market Reactions to Lockdown Announcements : An Empirical Event Study Measuring Abnormal Returns on Oslo Stock Exchange during the COVID-19 Pandemic
Kilen, Lars Oskar Groos; Uruthiran, Dinogen (Master thesis, 2022)Our study investigates the effect of COVID-19 lockdown announcements on the Norwegian stock market, using the event study methodology over multiple events to measure abnormal returns for the OBX Total Return Index and a ... -
Suksesshonorar i aktiv forvaltning : en empirisk analyse av resultatbasert kostnadsstruktur i aktiv forvaltning, ex post og ex ante
Giæver, Øystein Feet; Vik, Erlend André (Master thesis, 2019)Formålet med denne masterutredningen er å avgjøre om DNB sin introduksjon av ny andelsklasse med resultatbasert honorarstruktur vil gjøre aktiv forvaltning billigere for andelseier. Utredningen er todelt, hvor vi i første ... -
The optimal extraction rate versus the expected real return of a sovereign wealth fund: Some simulations
Aase, Knut K.; Bjerksund, Petter (Discussion paper;7/19, Working paper, 2019-09-06)With reference to funds established for the benefits of the public at large, a university endowment, or other similar sovereign wealth fund, we demonstrate that the optimal extraction rate from the fund is significantly ... -
Time-series and cross-sectional price momentum : an empirical study at the Oslo stock exchange
Nygaard, Vidar Kogstad (Master thesis, 2016)This thesis investigates the effects of a simple time-series momentum overlay either as a stand-alone approach or in combination with cross-sectional price momentum strategies from the period 1985 to 2015 at the Oslo Stock ... -
Valuation and Risk Management in the Norwegian Electricity Market
Bjerksund, Petter; Rasmussen, Heine; Stensland, Gunnar (Journal article; Peer reviewed, 2010)The purpose of this paper is twofold: Firstly, we analyse the option value approximation of traded options in the presence of a volatility term structure. The options are identified as: (a) “European” (written on the forward ... -
Valuation and risk management in the Norwegian electricity market
Bjerksund, Petter; Rasmussen, Heine; Stensland, Gunnar (Discussion paper, Working paper, 2000)The purpose of this paper is two-fold: Firstly, we analyze option value approximation of traded options in the presence of a volatility term structure. The options are identified as: "European" (written on the forward price ...