Browsing Department of Business and Management Science by Title
Now showing items 374-393 of 830
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Job Loss and Regional Mobility
(Discussion paper;03/15, Working paper, 2015-01-19)It is well documented that displaced workers suffer severe earnings losses, but not why this is so. One reason may be that workers are unable or unwilling to move to regions with better employment opportunities. We study ... -
Jump dynamics : the equity premium and the risk-free rate puzzles
(Discussion paper, Working paper, 2004-06)The paper develops a consumption based equilibrium model, focusing on the risk premium and the risk-free interest rate. We derive testable expressions for these quantities, and confront these with sample estimates for the ... -
Kanaløyene: et paradis for norske private equity-fond? : En kvalitativ analyse av hvorfor norske private equity-fond lokaliseres på Kanaløyene
(Master thesis, 2014)Formålet med denne avhandlingen er å identifisere driverne bak valget av fondsjurisdiksjon i den norske private equity-bransjen. Mer konkret redegjør avhandlingen for valget mellom Norge og Kanaløyene. Avhandlingens ... -
Konkurranse i det norske annonsemarkedet : når ulike skattevilkår skaper konkurranseskjevhet : en case-studie av Facebook og Schibsted
(Master thesis, 2016)Den digitale økonomiens fremtreden har bidratt til stor mobilitet og fleksibilitet i den globale økonomien (Berg-Rolnes, 2016). Dette gir økte muligheter for flernasjonale selskaper til å konkurrere på andre skattevilkår ... -
Korrupsjon i offentlige anskaffelser : en studie av revisors begrensninger belyst av økonomisk litteratur
(Master thesis, 2016-09-02)I denne oppgaven undersøker jeg revisors begrensninger i å avdekke korrupsjon i offentlige anskaffelser. Jeg beskriver anskaffelsesprosessen og revisors prosedyrer i offentlig revisjon. Utgangspunktet for forståelsen av ... -
Kyle equilibrium under random price pressure
(Peer reviewed; Journal article, 2019)We study the equilibrium in the model proposed by Kyle (Econometrica 53(6):1315–1335, 1985) and extended to the continuous-time setting by Back (Rev Financ Stud 5(3):387–409, 1992). The novelty of this paper is that we ... -
Labor Market Effects of COVID-19 in Sweden and its Neighbors: Evidence from Novel Administrative Data
(Discussion paper;8/20, Working paper, 2020-07-24)This paper studies the labor market effects of non-pharmaceutical interventions (NPIs) to combat the COVID-19 pandemic. We focus on the Nordic countries which showed one of the highest variations in NPIs despite having ... -
Land-for-land rapportering i Norge : casestudier av land-for-land rapportene til Norsk Hydro, DNO og Statoil
(Master thesis, 2015)Forskrift om land-for-land rapportering ble nylig innført i Norge med virkning fra 1.januar 2014. Land-for-land rapportering innebærer at flernasjonale selskaper skal rapportere utvalgte nøkkeltall i de landene de har ... -
Leadership in Climate Policy: Is there a case for Early Unilateral Unconditional Emission Reductions?
(Discussion paper;06/13, Working paper, 2013-06)One may misread economic theory on climate policy to provide a warning against unilateral mitigation. While important lessons are drawn from ‘global problems require global solutions’, these say little about what to do ... -
Learning to face stochastic demand
(Discussion paper, Working paper, 2000-09)We consider repeated interaction among several producers of a homogenous, divisible good, traded at a common market. Demand is uncertain, and its law is unknown. We explore an adaptive scheme leading such producers over ... -
Lederutviklingsprogram som virkemiddel for utvikling av kunnskapsdeling i norske multinasjonale selskaper
(Journal article; Peer reviewed, 2010)Norske bedrifters oppkjøp av virksomheter utenfor Norge er i økende grad kunnskapsdrevet. Dette betyr at en ønsker å øke bedriftens verdiskaping gjennom å ta i bruk kunnskap fra eller overføre kunnskap til de oppkjøpte ... -
Level dependent annuities : defaults of multiple degrees
(Discussion paper, Working paper, 2008-03)Motivated by the risk of stopped debt coupon payments from a leveraged company in financial distress, we value a level dependent annuity contract where the annuity rate depends on the value of an underlying asset-process. ... -
Leverage, liquidity and long-run IPO returns
(Discussion paper, Working paper, 2000-02)It is well known that IPO stocks on average substantially underperform (over 3-5 years) non-IPO stocks matched on firm size. With a large sample of Nasdaq IPOs, this paper presents systematic evidence that IPO stocks are ... -
The life and career of Karl H. Borch
(Discussion paper, Working paper, 2003) -
Life insurance and pension contracts I : the time additive life cycle model
(Discussion paper;13/14, Working paper, 2014-03)We analyze optimal consumption in the life cycle model by intro- ducing life and pension insurance contracts. The model contains a credit market with biometric risk, and market risk via risky securi- ties. This idealized ... -
Limits to arbitrage when market participation is restricted
(Discussion paper, Working paper, 2003-11)There is an extensive literature claiming that it is often difficult to make use of arbitrage opportunities in financial markets. This paper provides a new reason why existing arbitrage opportunities might not be seized. ... -
Liquidity constraints and entrepreneurial performance
(Discussion paper, Working paper, 2007-09)If entrepreneurs are liquidity constrained and cannot borrow to operate on an efficient scale, those with more personal wealth should do better than those with less wealth. We investigate this hypothesis using a unique ... -
Liquidity risk, leverage and long-run IPO returns
(Discussion paper, Working paper, 2002-07)We examine the risk-return characteristics of a rolling portfolio investment strategy where more than 6,300 Nasdaq IPO stocks are bought and held for up to five years over the 1973-2000 period. The puzzling low average ... -
Log-normal creaming and the likelihood of discovering additional giant petroleum fields
(Discussion paper;3/16, Working paper, 2016-01-27)This paper considers sampling proportional to expected size from a partly unknown distribution. The applied context is the exploration for undiscovered resources, like oil accumulations in different deposits, where the ... -
Long dated life insurance and pension contracts
(Discussion paper, Working paper, 2011-05)