Blar i Thesis på emneord "financial economics"
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A comparative analysis of listed and unlisted real estate investments : a Norwegian perspective
(Master thesis, 2018)This master thesis examines the performance of listed and unlisted real estate investments in Norway over the past eleven years, and tests whether real estate stocks in Norway are predominantly driven by the progress of ... -
A contemporary study of safe haven currencies
(Master thesis, 2016)This thesis provides contemporary insight into the safe haven phenomenon. We separately examine three characteristic periods; the years 2001 to 2007, 2007 to 2010, and 2010 to 2016. Our focus is to examine currency ... -
A contrarian investment strategy for equity fund selection
(Master thesis, 2016-03-30)The following thesis examines the existence of contrarian profits in the Norwegian equity fund market. Three different pricing models are used to determine if a contrarian strategy is able to create abnormal returns in ... -
A fundamental analysis of customer/supplier relationships : Cohen & Frazzini (2008) : a profitability problem?
(Master thesis, 2014)This thesis looks at the fundamental differences between customers and suppliers in relation to Cohen & Frazzini (2008) and investigates whether profitability could be a significant factor affecting their customer momentum ... -
A new pricing model for the real estate market in Rogaland based on the pricing model by Jacobsen and Naug
(Master thesis, 2017)This Master’s thesis in Financial Economics marks the end of our education at the Norwegian School of Economics. It has been an instructive, challenging and exciting process. We would like to thank our supervisor, Associate ... -
A race to the bottom? : a game-theoretic approach to monetary policy interdependence
(Master thesis, 2017)The recent low interest regime of most central banks in the world raises several questions. First, it appears that the interest rates may have been too low during periods of recessions. Second, the key policy rates seem ... -
A replication of "What will it do for my EPS?" : a straightforward but powerful motive for mergers
(Master thesis, 2015)The purpose of this paper is to investigate the possibility of predicting what firms ultimately become targets in a merger and acquisition transaction, by replicating the results of Garvey, Milbourn & Xie in “What Will It ... -
A supply side perspective on the historical short term co-movement of output and prices in Norway : empirical evidence and implications for monetary policy
(Master thesis, 2019)This thesis explains how inflation targeting as an objective for monetary policy, to some extent, relies upon the inflation rate reflecting output cycles in the short-term. It also explains how this assumption does not ... -
Acquiring Targets Picked by Private Equity : The Effect of Competitor Identity on Corporate Merger Gains
(Master thesis, 2021)This paper examines the e↵ect of private equity competition on corporate takeovers. I find that corporate acquirers who compete with financial sponsors outperform those who compete exclusively with other corporate ... -
Active Fund Performance : A meta analysis on active fund performance , the value of active funds in crisis and the active share measurement
(Master thesis, 2021)I present in this meta-analysis a comprehensive analysis of active fund management. The master thesis is done using both the ‘conventional view’ of active fund management based upon research by Carhart (1997) complemented ... -
Active versus passive investing in emerging markets : an empirical study of the relationship between mutual fund performance and the degree of active fund management in emerging markets
(Master thesis, 2019)The debate whether active funds add value compared to passive funds has mostly been limited to developed markets. In this study, we use a panel dataset to investigate whether emerging markets mutual funds’ performance ... -
Activist Hedge Funds : The Characteristics and Determinants of Abnormal Returns in Activist Hedge Fund Targets – an Event Study
(Master thesis, 2014)This thesis is a comprehensive study of the activist hedge fund phenomenon, with particular emphasis on target firm and return characteristics. The utilized sample include 3065 activist interventions in U.S. publicly ... -
Adverse selection in iBuyer business models : A study of adverse selection in the use of automated valuation models for iBuyers
(Master thesis, 2021)The purpose of this thesis is to examine how adverse selection can affect the average resale profits for iBuyers, and how simple strategic purchasing rules can help limit this potential problem. The rise of instant buyer ... -
Aftermarket performance of Norwegian initial public offerings
(Master thesis, 2012)The objective of this thesis is to examine whether the aftermarket performance of Norwegian initial public offerings (IPOs) is consistent with market efficiency. Previous studies state that market efficiency can be disrupted ... -
Allocation to private equity among Nordic Investors
(Master thesis, 2009)Do Nordic investors allocate an optimal share of their portfolios to private equity? This study argues that they do, but there are many aspects that have to be considered that cannot be perfectly modelled. By finding an ... -
An assessment of optimal investment decision for emission control compliance for Odfjell SE : comparison of traditional DCF valuation and Real Option valuation as decision tools
(Master thesis, 2015)Increased focus on emission from the shipping sector has enforced new stringent regulations for the international maritime industry. Ship owners are forced to innovate and respond to the new regulations in a cost effective ... -
An assessment of the claimed renminbi misalignment through the application of the Penn effect model
(Master thesis, 2014)In this thesis we explore the claimed renminbi misalignment through the application of the Penn effect model. The Penn effect model estimates equilibrium exchange rates by exploiting the empirical relation between real ... -
Analysis of Autocallable Notes Who reap the benefits? The issuer, facilitator, distributor, or the investor?
(Master thesis, 2021)Autocallable structured products are complex instruments incorporating features and conditions that make them difficult to assess for potential investors. Despite this, they have become one of the most popular structured ... -
An analysis of energy prices and market efficiency at Nord Pool
(Master thesis, 2010)The main objective of this thesis consists of two parts, an analysis of special characteristics of electricity prices at Nord pool and an assessment of how market efficiency1 has changed as the market matured. The analysis ... -
Analytical VaR for Nord Pool electricity derivatives : an adjusted riskmetrics approach
(Master thesis, 2010)VaR has emerged as the industry standard for risk reporting, applicable for virtually all corporations which are exposed towards market prices, but is especially relevant for banks and other speculative parties which are ...