Browsing NHH Brage by Title
Now showing items 6260-6279 of 8219
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Risk and return in yield curve arbitrage : a survey of the USD and EUR interest rate swap markets
(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 ... -
Risk arbitrage in the Nordics
(Master thesis, 2018)This paper examines the existence of risk arbitrage in the Nordic market. The study includes 182 public cash offers from 2007 to 2016, and three differently weighted risk arbitrage portfolios consisting of Norwegian, ... -
Risk Assessment Comparison in Developing Offshore Markets : Brazil and Angola : A Risk Assessment Framework for Companies exploring the Pre-salt Business Opportunities
(Master thesis, 2014)This dissertation was written in the context of the pre - salt findings and the consequential business opportunities that these discoveries represented for the of fshore industry. The authors, throughout their Master ... -
Risk aversion in the large and in the small
(Discussion paper;2011:12, Working paper, 2011-06)Estimates of agents' risk aversion differ between market studies and experimental studies. We demonstrate that the estimates can be reconciled through consistent treatment of agents' tendency for narrow framing, regarding ... -
The risk components of liquidity
(Discussion paper, Working paper, 2008-03)Does liquidity risk differ depending on our choice of liquidity proxy? Unlike literature that considers common liquidity variation, we focus on identifying different components of liquidity, statistically and economically, ... -
Risk disclosure in the annual reports of public companies
(Master thesis, 2015)The management discussion and analysis section of a company’s annual report could be seen as an advertisement for the company. Here, management has the opportunity to communicate with stakeholders, such as investors and ... -
Risk exchange as a market or production game
(Working paper, Working paper, 2007-09)Risk exchange is considered here as a cooperative game with transferable utility. The set-up fits markets for insurance, securities and contingent endowments. When convoluted payoff is concave at the aggregate endowment, ... -
Risk management in the crude oil market : market efficiency and hedging strategies
(Master thesis, 2010)This thesis aims to explore two main issues. First we study crude oil prices in view of weak-form efficiency. Thereupon we look into different hedging strategies that could be used to stabilize income in a market with high ... -
The risk sharing effects of social security and the stochastic properties of income growth
(Discussion paper, Working paper, 2003-05)Time-series analyses suggest that income shocks are fairly persistent. This has implications for the intergenerational risk-sharing effects of pay-as-you- go (paygo) social security programs. By means of a simple stochastic ... -
The risk sharing effects of social security and the stochastic properties of income growth
(Report, Research report, 2002-12)Time-series analyses of output and productivity data suggest that shocks are fairly persistent. This has implications for the intergenerational risk-sharing effects of pay-as-you-go (paygo) social security programs. By ... -
Risk Taking and Fiscal Smoothing with Sovereign Wealth Funds in Advanced Economies
(Journal article, 2019)In an economy with a sovereign wealth fund (SWF), the government may draw on the fund to supplement other government revenues. If the fund is invested in risky assets, this introduces a new stochastic element into the ... -
Risk taking in selection contests
(Discussion paper, Working paper, 2000-11)We study selection contests in which the strategic variable is degree of risk rather than amount of effort. The selection efficiency of such contests is examined. We show that the selection efficiency of a contest may be ... -
Risk-adjusted index for private equity evaluation based of predictive firm characteristics : An empirical study of the public firms taken private by financials buyers from 1997 to 2017 in the U.S.
(Master thesis, 2018)The objective of this thesis is to assess if there is a risk-adjusted index which could give a better understanding of the opportunity cost for private equity investments. Private equity has become a more professional ... -
Risks and returns of ship operators
(Master thesis, 2015)This thesis aims to shed some light on the risks and returns of asset-light ship operators, who are in the business of executing voyages mainly through chartered vessels, by applying principles from basic maritime economics ... -
Risky business: the impact of the economic crisis of 2008 on renewable energy investments in Canada and Norway
(Master thesis, 2009)The economic crisis of 2008 brought uncertainty to all markets. As credit markets experienced growing constraints on liquidity, debt financing became increasingly difficult to find. This had a greater impact on some ... -
Robust growth determinants
(Discussion paper, Working paper, 2011-02) -
Robust Information Aggregation Through Voting
(DP SAM;12/2019, Working paper, 2019-06-10)Numerous theoretical studies have shown that information aggregation through voting is fragile. We consider a model of information aggregation with vote-contingent payoffs and generically characterize voting behavior in ... -
Robust likviditetsstyring : en sammelikning av Den europeiske sentralbank og Norges Bank
(Master thesis, 2013)I denne utredningen har vi sammenliknet likviditetsstyringen til Den europeiske sentralbank (ECB) og Norges Bank. Vi drøfter de to systemene, samt analyserer systemenes påvirkning på korte og l ... -
ROCE/WACC og meravkastning : anerkjenner og belønner aksjemarkedet verdiskapning riktig?
(Master thesis, 2013)Formålet med denne masterutredningen har vært å undersøke om markedet priser verdiskapning riktig og dermed om markedet er effisient. Tilnærmingen til verdiskapning er gjort ved å se på ROCE/WACC. Problemstillingen for ... -
The role and functions of head offices : towards increased complexity?
(Working paper, Working paper, 2003)There is a shortage of studies of what a head office is actually doing. In this paper we offer new insight into the operations of head offices by outlining three core functions; the strategy role, the co-ordination role ...