Browsing NHH Brage by Author "Raff, Konrad"
Now showing items 1-17 of 17
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Bank capital management: an examination of loan loss provisions under regulatory pressure : an empirical study of the Nordic banking sector
Fagernes, Lars Magnus; Nygård, Ida Eilertsen (Master thesis, 2016)We study whether and how capital regulation affects banks’ loan loss provisions. Using handpicked data on 46 Nordic banks, we find that banks use discretion to reduce loan loss provisions for regulatory capital management ... -
Board characteristics & peer peformance in CEO turnover decisions : the effect of board characteristics on the impact of peerinduced returns in cases of forced CEO turnover
Anis, Saad Bin; Larsen, Sindre (Master thesis, 2018)We show that certain characteristics of the board of directors make it more prone to consider industry or peer-induced returns when making decisions to fire or retain the CEO. The board may hold the CEO responsible for ... -
Capital Structure in The Nordics : An empirical cross-country analysis on determinants of capital structure in listed, non-financial firms from 2007 to 2022
Falke, Andreas; Rimestad, Fabian Filip (Master thesis, 2023)We examine determinants of capital structure by analyzing the financing decisions of listed, non-financial firms in Denmark, Sweden, Norway, and Finland from 2007 to 2022. At an aggregate level, firm leverage is fairly ... -
CEO ownership and stock market performance : an empirical study on companies listed on Oslo Stock Exchange from 2010-2016
Frydenberg, Kristian Magnus; Neegaard, Andreas Skancke (Master thesis, 2018)In this thesis, we examine the impact on stock market performance for companies on Oslo Stock Exchange in which the CEO voluntarily owns a significant fraction of the firm’s equity. We discuss the findings based on two ... -
Corporate Spin-offs : An empirical study of shareholder value creation through corporate spin-offs on the Nordic stock exchanges
Rieber, Sebastian; Flaa, Sigurd (Master thesis, 2021)In this thesis we examine short- and long-term shareholder value creation associated with Nordic corporate spin-offs from January 1, 1998 to July 31, 2021. We perform an event study on a sample of 119 spin-off announcements. ... -
Determinants of Capital Structure: A Cross-Country Analysis : An empirical analysis on determinants of capital structure in listed firms across the G7 countries
Berge, Haavard Martin (Master thesis, 2023)This study aims to investigate how firms operating in different institutional, regulatory, economic and cultural settings determine their capital structure in the period 2012 to 2019. As previous research commonly limits ... -
Domestic vs Cross-Border M&A in the Nordics : An empirical study of value creation, distribution, and the cross-border effect on shareholders wealth
Ellingsen, Erlend Aspelund Matre; Åsheim, Joakim Heien (Master thesis, 2023)This thesis investigates cross-border wealth effects in Nordic mergers and acquisitions (M&As), utilizing short-run event study methodology on a sample of 276 transactions from 2003 to 2023. This investigation is performed ... -
The Effect of CEO Equity Incentives on Payout Policy : An emperical analysis of the relationship between CEO equity incentives and payout decisions by firms listed on Oslo Stock Exchange from 2015-2020.
Bergland, Anders; Sællmann, August (Master thesis, 2021)In this thesis, we have studied the role of CEO equity incentives in a payout decision, with a focus on agency cost, among firms listed on the Oslo Stock Exchange from 2015 to 2020. Firstly, we investigated the relationship ... -
ESG and stock market performance : An Empirical Study of the Link between ESG Performance and Stock Performance of Scandinavian Companies
Ismaili, Omar Båfjord; Kjøsnes, Adrian Ekroll (Master thesis, 2021)This thesis investigates the relationship between environmental, social, and corporate governance (ESG) performance and stock performance in Scandinavia between 2011-2020. We analyze the difference in stock performance ... -
The Influence of Monetary Policy on Bank Profitability : A Study of Scandinavian and Central European Banks
Eide, Petter; Nissen, Lasse (Master thesis, 2023)In this thesis, we find support for the notion that interest rate hikes improve bank profitability. Our results imply that monetary policy might have had a more profound impact on bank profitability from 2021 onwards ... -
The Initial Market Choice : An empirical study of firm characteristics that influence the choice of market in Norway
Bjærum, Daniel Kristoffer; Reksen, Elias Nash (Master thesis, 2021)There is a broad consensus in the literature that firms primarily list on junior markets due to the more stringent listing requirements on main markets. However, 83 out of the 143 firms that listed on the Norwegian junior ... -
Market Reactions to ESG News : How do negative firm specific ESG news affect the market value of public companies in Europe and the US?
Prestby, Tobias; Moen, Malin (Master thesis, 2023)In this master thesis, we examine how negative ESG news specific to individual firms impact the market value of publicly traded companies in the US and Europe over a short term period. We assess news events of 329 listed ... -
Market Reactions to Insider Trading and Repurchases: An Empirical Study Measuring Abnormal Returns on the Oslo Stock Exchange
Drakos, Viktor Vasilios; Mikalsen, Magnus Myre (Master thesis, 2022)This thesis investigates capital market efficiency by investigating market reactions to insider trading and repurchase announcements on the Oslo Stock Exchange, both separately and conjointly. Previous research has ... -
The (R)Evolution of Financing the Green Transition : An empirical study on green innovation efforts and how investors can accelerate the clean energy transition
Clausen, Celine; Paulsen, Hedda Louise (Master thesis, 2021)The purpose of the thesis is to investigate whether the current momentum of responsible investment approaches, hereunder the increasing adoption of excluding energy firms from investment portfolios, is the most efficient ... -
Race to Return: An Event Study of Race Performance and Share Price Reactions
Høyland, Mats Tveit; Høien, Torgrim Norland (Master thesis, 2022)This thesis investigates the relationship between race performance in Formula One and the immediate stock price reaction of the companies involved. Using event study and regression analysis, we examine the effect of race ... -
The Relationship between Financial Leverage and Stock Returns : An Empirical Study
Tangen-Pedersen, Magnus Næss; Jacobsen, Espen Bergset (Master thesis, 2022)This thesis investigates how financial leverage affects equity returns across sectors on US stocks. Theory relevant to the subject suggests a positive relationship, while empirical studies have given contradictory results, ... -
The effect of Norwegian state ownership: an empirical case study on the effect of the Norwegian privatization scheme on abnormal return and systematic risk
Bratfos, Stig; Kringlebu, Thomas Kallum (Master thesis, 2015)The purpose of this thesis is to analyse the effect of state ownership on abnormal return and systematic risk in Norwegian state-owned firms on the Oslo Stock Exchange in the period 1999- 2015. This master thesis provides ...