Browsing Master Thesis by Subject "financial economics"
Now showing items 1-20 of 622
-
The 2015 Paris Climate Agreement and stock market performance : An empirical analysis of the stock market reaction across different industries in Europe and the United States
(Master thesis, 2023)Aggregated market behavior: We used cumulative average abnormal returns (CAARs) to analyze the aggregated market behavior. There were negative average abnormal returns (AARs) in the days leading up to the announcement and ... -
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 ... -
Accounting for diverse greenhouse gases in the environmental balance sheet : How to account for CO2 and CH4 using different emission metrics
(Master thesis, 2023)The ongoing challenges of global warming and climate change emphasize the importance of reliable and concrete sustainability reporting. Continuous rise in greenhouse gas emissions should hold a significant place in such ... -
An accounting-based profitability analysis of deploying offshore wind at Sørlige Nordsjø II: A new North Sea adventure or a renewable energy fallacy?
(Master thesis, 2022)Offshore wind has received a great amount of attention the last decade, with industry initiatives underpinning development across nations. European offshore wind auction strike prices have decreased drastically, indicating ... -
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 Mutual Fund Performance: Pandemic vs Financial Crisis : A study of Norwegian active mutual funds’ ability to create excess return during uncertain times.
(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
(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 ... -
All Quiet on the Market Front : A stock market analysis of the Ukraine-Russia War 2022
(Master thesis, 2023)This thesis examines the stock market reaction to changes in the public's perception of the likelihood of a conflict in an approach to find evidence for the "war puzzle" theorem by Brune et al. (2015). We use time series ... -
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 ...