Browsing NHH Brage by Author "Thorburn, Karin S."
Now showing items 21-38 of 38
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Performance of stocks after repair issues : An empirical analysis of the stock performance of firms undergoing repair issues on the Oslo Stock Exchange : Evidence from 2012-2022
Medhus, Anders Lysklett; Eide, Lars Moen (Master thesis, 2023)In recent years, private placements have emerged as the preferred method of raising equity on the Oslo Stock Exchange (OSE). Private placements have a discriminatory character, and dilutes the non-participating shareholders. ... -
Predicting takeover targets on Oslo stock exchange : an extension to the prediction literature on the Norwegian M&A market
Traa, Haavard Meyer; Tønsberg, Magnus (Master thesis, 2021)The purpose of this research is to extend the previous literature on prediction of takeover targets on Oslo Stock Exchange. We aim to improve the prediction model developed by Khan and Myrholt (2018) by introducing new ... -
Predicting Norwegian takeover targets : an empirical analysis of the Norwegian M&A market
Khan, Naveed; Myrholt, Thomas (Master thesis, 2018)The prediction of takeover targets has been covered in several studies. However, it tends to be the same major stock exchanges that are subject to analysis. Based on 153 Norwegian public targets from 1995 to 2012, ... -
Predicting success in early-stage venture capital investment
Falck, Hans Jacques Lindahl (Master thesis, 2019)In this thesis, I examine predictors of early-stage success (ESS) for early-stage venture capital (ESVC) investments, observable at the point of initial investment. I use a self-collected sample of 30 Norwegian portfolio ... -
Private Placements: Is it really a Norwegian Phenomenon? An empirical study of private placements on Euronext Oslo and Nasdaq Stockholm’s main list during the period 2017 to 2022
Ellingstad, Trygve Bruvik; Kjemhus, Lars Christian (Master thesis, 2023)This thesis is split into two main sections. The first part investigates seasoned equity offerings (SEOs) on Euronext Oslo and Nasdaq Stockholm’s main list during the period 2017 to 2022, as well as characteristics of ... -
Public information and IPO underpricing
Bakke, Einar; Leite, Tore; Thorburn, Karin S. (Discussion paper, Working paper, 2010-08)We analyze the effect of public information on rational investors' incentives to reveal private information during the bookbuilding process and their demand for allocations in the IPO. Our model generates several new ... -
The stock market reaction to private placement announcements : An empirical study of private placements on the Oslo Stock Exchange during the time period 2012 to 2020
Egbele, Marcel Oseremen; Rygg, Lars Arne (Master thesis, 2021)During the last decades, private placements have become the preferred approach for issuing equity on the Oslo Stock Exchange (OSE), despite its discriminatory nature. With a sample consisting of 95 events (private placements) ... -
Strategic vs. financial acquirers : an empirical study of differences in premium payments and target company preferences between strategic and financial acquirers in M&A
Jæger, Katerina; Ramsnes, Ole Berge (Master thesis, 2019)This master thesis examines differences in the takeover strategies between strategic and financial buyers. By using SEC merger filings, we study the phase of transactions that occur before deals are made public. The ... -
Survival of the Fittest? An empirical analysis of spillover effects following M&A announcements in the Norwegian stock market
Lyse, Emil Ingvaldsen; Stryken, Sondre C. (Master thesis, 2023)This thesis aims to add to the difficult issue of announcement returns in rivals of acquisition targets. As existing M&A literature has predominantly focused on the acquirer, the target, and the merged entity, much remains ... -
The boardroom quota: Spillover effects on the corporate executive committee: An event study of Norway’s boardroom quota and its spillover effects on the gender wage gap and female representation in the corporate executive committee
Flaa, Ingvild (Master thesis, 2016)In 2006, Norway introduced a boardroom quota requiring a minimum of 40 percent of each gender in the boardroom of public limited liability companies (ASA). Companies were given until January 2008 to comply. This paper ... -
The effect of ownership concentration on deal probability in corporate takeovers : an empirical study of ownership concentration, with new evidence consistent with the free-rider proposition
Lien, Jonas Bru; Vugdalic, Suad (Master thesis, 2017)The main purpose of this thesis is to empirically examine the relationship between the target firm’s ownership concentration and deal probability, conditional on a bid having been made. To examine this relationship in a ... -
The material effects of CEO compensation : an empirical study of CEO compensation-effects and their relation to company fundamentals and turnover
Vangdal, Fredrik (Master thesis, 2018)This thesis suggests that CEOs take actions to increase the short-term share price to improve conditions for equity sales and maximize their payout upon vesting. Vesting equity, my measure of short-term incentive, seems ... -
The resolution of norwegian companies in financial distress: an empirical study examining the efficiency of Norwegian restructuring alternatives
Skudal, Hans Eivind; Vartdal, Kristoffer (Master thesis, 2017)This thesis examines the relative success of the Norwegian bankruptcy legislation with reference to similar mechanisms in Sweden and the U.S. Based on the total population of financially distressed Norwegian companies ... -
The stock market reaction to joint venture announcements : an empirical study of companies listed on Nordic stock exchanges
Harstad, Bjørnar Løvli; Scherman, Viktor Ose (Master thesis, 2018)This thesis examines how the stock market reacts to joint venture announcements by firms listed on Nordic stock exchanges. We performed an event study on a sample of 988 joint venture announcements by 280 firms from January ... -
The wealth effects of M&A in emerging markets : an empirical study of value creation and value distribition, and new evidence on the relationship between corruption and target pre-annoucement stock price runup
Skarpås, Eirik; Stenseng, Dag (Master thesis, 2016)The takeover literature appears to lack comprehensive studies on the shareholder wealth effects of mergers and acquisitions (M&A) in emerging markets (EMs). In this thesis, using a sample consisting of 542 initial takeover ... -
Toeholds and fire-sales in bankruptcy auctions
Eckbo, B. Espen; Thorburn, Karin S. (Discussion paper, Working paper, 2000-11)We study the role of distressed bank debt in affecting the outcome of Swedish bankruptcy auctions. The auction determines the going-concern premium, i.e., the premium over the piecemeal liquidation value to be paid for the ... -
Tvangsinnløsning av minoritetsaksjonærer – hva er virkelig verdi? : Rettens (manglende) vektlegging av aksjekurs ved fastsettelse av innløsningssummen i tvangsinnløsningssaker
Sødal, Frida; Valheim, Guro (Master thesis, 2021)Denne studien undersøker norsk retts vektlegging av aksjekurs ved fastsettelse av innløsningssummen i tvangsinnløsningssaker. Vi utfører dokumentstudie av samtlige rettsavgjørelser etter 2003, og gir vi en helhetlig ... -
Valuation effects of Norway's board gender-quota law revisited
Eckbo, B. Espen; Nygaard, Knut; Thorburn, Karin S. (Peer reviewed; Journal article, 2021)