Blar i Master Thesis på forfatter "Yuferova, Darya"
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Active Mutual Fund Performance: Pandemic vs Financial Crisis : A study of Norwegian active mutual funds’ ability to create excess return during uncertain times.
Lende, Haakon; Abrahamsen, Thomas (Master thesis, 2022)The covid-19 pandemic had significant effect on economies and markets all over the world. Therefore, there is high interest in findings around the matter. There is, however, limited research of fund performance during ... -
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
Boganes, Henning; Olesen, Alexander Vium (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 ... -
An empirical analysis of the unbiasedness hypothesis
Dale, Fredrik; Ulvund, Sindre (Master thesis, 2018)This thesis has two main aims, split into two parts. The aim of the first part is to see if the unbiasedness hypothesis holds for some of the world’s most liquid currency pairs. The objective is to gather new data on ... -
Assessment of international equity investment connectedness : portfolio diversification with respect to institutional and non-institutional investors
Galinskaitė, Agnė (Master thesis, 2018)International equity flows increased approximately five times from 2001 to 2016. Therefore, stock market connectedness is increasing over time. It is necessary to assess international equity investment structure not only ... -
The Day-of-the-Week effect at Oslo stock exchange : examining the presence of, and explanations for, the Day-of -the-Week effect in Norway from 2000 to 2019
Flostrand, Håvard; Fløgstad, Eirik (Master thesis, 2020)We study the Day-of-the-Week effect in the Norwegian securities market from 2000 to 2019, in which we examine whether daily returns are lower on Monday and higher on Friday than the other days of the week. We find evidence ... -
Does fossil fuel divestment contribute to the clean energy transition? : an event study on fossil fuel divestment announcements
Erichsen, Kristian; Rhatigan, Alison Mariko (Master thesis, 2021)This thesis aims to assess whether fossil fuel divestment announcements of institutions have a financial impact on the energy transition, by utilizing event study methodology to measure abnormal returns and trading volume ... -
Exchange rate risk compensation in international ETFs
Apeland, Mathias; Pettersen, Morten Jensen (Master thesis, 2018)We study exchange rate risk compensation in international ETFs from the perspective of a U.S. investor by using the Dollar and Carry currency risk factors. We find that U.S. investors are compensated for taking currency ... -
Exploring the Impact of First-Time ESG Rating on Stock Price Informativeness and Liquidity : A Comparative Study of Rated and Non-Rated Firms 1n the US Stock Market
Tazo, Jonas; Grabovac, Haris (Master thesis, 2023)This thesis examines whether being covered by a ESG rating agency translates into moreinformative stock prices in the US stock market, and whether this enhancement of stock price informativeness impacts the stock liquidity ... -
Founder-CEOs and stock market performance in the Nordic region : an empirical study conducted on publicly listed companies in the Nordic region during the period from 2008 to 2020
Sjøvold, Ole-Petter (Master thesis, 2020)About nine per cent of the publicly listed companies in the Nordic region are managed by one of its founders. These companies are different from others in terms of firm valuation and to some extent, stock market performance. ... -
Green Bond Issuance Frequency and Corporate Cost of Capital
Gahramanov, Elvin; Suruj, Mesbah Uddin (Master thesis, 2023)This thesis examines the controversial cost-of-capital advantage of green bonds over conventional bonds in the green bond market. While anecdotal evidence suggested a cheaper cost of capital for green bonds, previous ... -
The impact of socially responsible investments on sinful firms: An empirical analysis of the UN Principles of Responsible Investment and sin stocks
Tariq, Adeel Mohammad; Gudbrandsen, Haakon Olsen (Master thesis, 2022)We study the effects of the United Nations Principles of Responsible Investment (UN-PRI) on sinful firms, in which we examine whether monthly returns and the Environmental, Social and Corporate Governance (ESG) performance ... -
Industries and the cash conversion cycle effect : an empirical investigation of industries as the driver of the return spread
Hagevik, Kristoffer Ø.; Røst, Andreas S. (Master thesis, 2019)This thesis investigates whether there is a cash conversion cycle (CCC) effect in the industry component of stock returns. Using a panel of U.S. stock returns from July 1976 to December 2015, we find that a zero-investment ... -
Liquidity Following MiFID II estimating the effect of research unbundling on norwegian small and mid-cap stocks
Utkilen, Henriette; Wakeford-Wesmann, Synne (Master thesis, 2019)MiFID II was implemented in 2018 and requires that cost of research products is unbundled commission fees. An anticipated consequence of the” inducement rule” is reduced coverage of small-and mid-cap stocks. In light of ... -
Market reactions to legal insider trading on Oslo stock exchange marketplaces
Bøe, Axel Kveim; Dahl, Thea Aurora (Master thesis, 2020)This paper investigates market reactions to legal insider trades on the Oslo Stock Exchange and analyses whether being listed on the sub-marketplace Merkur Market causes abnormal returns and turnover from insider ... -
Momentum in Nordic Stock Returns : Industry Effects and Possible Strategy Improvements
Andresen, Eirik Osberg (Master thesis, 2021)This thesis documents a strong momentum effect in the Nordic stock market that does not seem to be explained by traditional risk factors or industry effects, in contrast to the findings of Moskowitz and Grinblatt (1999). ... -
The Performance of Acquiring Firms in the Nordic Market : Return Characteristics of Single, Traditional, and Programmatic Acquirers
Lie, Thomas; Martinsen, Markus (Master thesis, 2022)This dissertation examines the short- and long-term performance of acquiring firms in the Nordic market from 2006 to 2021. We divide acquirers into three groups and evaluate their performance relative to each other and ... -
Riding the yield curve : is it beneficial on a risk-adjusted basis? : exploration of the Norwegian fixed income market
Lund-Kristensen, Amund; Rogers, Henrik (Master thesis, 2020)In this paper, we examine if riding the yield curve strategy in the Norwegian fixed income market is beneficial on a risk-adjusted basis. The strategy is based on purchasing an instrument longer than the investor’s holding ... -
The impact of leverage on firm performance : an empirical study of non-financial listed companies in Norway
Ali, Raja Bilal; Arshad, Shajah (Master thesis, 2019)We study the impact of leverage on firm performance in the post-financial crisis period using a sample of non-financial listed companies in Norway. Based on various capital structure literature we expect a positive effect ...