Browsing NHH Brage by Author "Bakke, Einar"
Now showing items 1-4 of 4
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Income-linked loan contracts in a Norwegian perspective : case : Norwegian State Education Loan Fund (NSELF)
Bakke, Einar (Master thesis, 2006)This thesis approaches the Norwegian State Education Loan Funds repayment scheme for student loans. I light of a more digitized Norway it is reasonable to assess more sophisticated approaches to student loan repayment. ... -
Investing in peer-to-peer lending : risk and return : an empirical analysis of the risk-return relationship in the crowdlending market
Hjermann, Peder Solberg; Jørgensen, Espen Dyve (Master thesis, 2016)This paper applies credit-risk pricing theory from literature on bonds to price loans in the peerto-peer (P2P) lending market. The purpose is to study the risk-adjusted return for investors investing in P2P loans. ... -
Partial Adjustment to Public Information in the Pricing of IPOs
Bakke, Einar; Leite, Tore E.; Thorburn, Karin S. (Working paper, 2016-01)Extant literature shows that IPO first-day returns are correlated with market returns preceding the issue. We propose a new explanation for this puzzling predictability by adding a public signal to Benveniste and Spindt ... -
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 ...