Blar i Department of Finance på tittel
Viser treff 30-49 av 54
-
Hedging without sweat : a genetic programming approach
(Working paper;2013:5, Working paper, 2013)Hedging in the presence of transaction costs leads to complex op- timization problems. These problems typically lack closed-form so- lutions, and their implementation relies on numerical methods that provide hedging ... -
Hedging without sweat: a genetic programming approach
(Journal article; Peer reviewed, 2013-06-26)Hedging in the presence of transaction costs leads to complex optimization problems. These problems typically lack closed-form solutions, and their implementation relies on numerical methods that provide hedging strategies ... -
Herding in Smart-Beta Investment Products
(Journal article; Peer reviewed, 2019)We highlight herding of investors as one major risk factor that is typically ignored in statistical approaches to portfolio modelling and risk management. Our survey focuses on smart-beta investing where such methods and ... -
High Yield Bonds or Junk Bonds?
(Master thesis, 2016)The objective of this thesis is to calculate the returns in the Norwegian high yield bond market between 2005 and 2015. To further strengthen our results, we attempt to find and measure explanatory factors for the differences ... -
Home Equity-Based Borrowing and Corporate Financing : Evidence from Norwegian Private Firms
(Working paper, 2023)Home equity-based borrowing has been blamed in the literature for causing financial instability (e.g., Mian and Sufi, 2011). In this study, we examine the bright side of home equity-based borrowing. Using Norwegian ... -
Innovasjon og innovasjonskonkurranser
(Journal article; Peer reviewed, 2014)Bedrifter og offentlige virksomheter bruker i økende grad innovasjonskonkurranser til å løse teknologiske utfordringer og fremme nye produkter og tjenester. Gjennom en innovasjonskonkurranse inviterer oppdragsgiver uavhengige ... -
Innovation, competition, and investment timing
(Working paper;2013:3, Working paper, 2013)In our model multiple innovators compete against each other by submitting investment proposals to an investor. The investor chooses the least expensive proposal and when to invest in it. Innovators have to provide costly ... -
Learning by Failing, or Failing to Learn?
(Master thesis, 2016)This thesis investigates the effects on company performance of employing a CEO with bankruptcy experience. Bankruptcy experience refers to that the incumbent CEO has previously filed for bankruptcy as CEO in another ... -
Liquidity in covered bond markets : How liquid is the Norwegian secondary market?
(Master thesis, 2014)In this paper, we study the liquidity in the Norwegian secondary covered bond market, in comparison to other Scandinavian covered and government bond markets. We have gathered data on trades and bonds in the markets ... -
Nedtrapping : en fornuftig løsning for pensjonssparere?
(Master thesis, 2017)I masterutredningen har vi sett nærmere på innskuddspensjon og hvilke produkter som tilbys i dette markedet. Selv om innskuddspensjon er et relativt nytt produkt i norsk sammenheng, har det allerede vært flere ulike ... -
Partial Adjustment to Public Information in the Pricing of IPOs
(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 ... -
Passiv forvaltning av obligasjoner i det norske markedet : en simulering av passiv indeksforvaltning basert på Nordic Bond Pricing sin «Regular Market Index» for 2015-2016
(Master thesis, 2017)Passiv forvaltning har til nå vært lite benyttet i det norske obligasjonsmarkedet. I utlandet, og særlig i det amerikanske markedet, er det derimot en økende andel obligasjoner som blir forvaltet passivt. I USA forventes ... -
Pensjon i privat sektor : er innskuddsordningen god nok?
(Master thesis, 2014)Utredningen undersøker hvorvidt dagens kombinasjon av alderspensjon fra folketrygden og tjenestepensjon i form av innskuddspensjon er i stand til å gi god nok pensjon, beregnet både med og uten avtalefestet pensjon (AFP). ... -
Post IPO performance of private equity backed entities: empirical evidence of the Nordic market
(Master thesis, 2012)Initial public offering of private equity backed entities has been a remarkably popular topic among financial scholars. The allure of growth potential and sophisticated corporate structures has gain private equity backed ... -
Predicting default in the Norwegian High Yield bond market : a study of defaults in the years 2006-2013
(Master thesis, 2013)This thesis studies determinants of defaults experienced in the Norwegian High Yield bond market from 2006 to 2013. This is done by finding defaulted issuers from the bonds registered in the Norwegian Trustees database ... -
Private equity buyouts in Norway : inferring company valuations from public financial statements, and an analysis of the Norwegan buyout market
(Master thesis, 2013)This thesis presents a framework to infer prices paid for companies from public financial statements. It shows that prices and valuations can be estimated accurately, as long as the buyout is done using common stock and ... -
Private Equity Zombie Funds : performance and fund characteristics : An empirical analysis of the global private equity market
(Master thesis, 2015)This thesis investigates performance and other characteristics of zombie funds in the global private equity market using a dataset from Preqin. Our sample comprises a total of 4 204 private equity funds with vintage years ... -
Private equity-backed firms' performance post IPO : an empirical study of private equity- and venture capital funds' ability to facilitate abnormal returns at the Norwegian stock market
(Master thesis, 2013)We assess whether underpricing and long-long performance of Norwegian IPOs differs across private equity-backed and non-backed firms. Our sample consists of 67 backed firms and 298 non-backed firms, floated in the period ... -
The effect of covered bonds : high encumbrance in banks : a game changer for senior unsecured debt investors?
(Master thesis, 2013)This study examines the effect covered bonds have on the senior bondholders. We discuss how this new funding method is affecting the banks' balances and to which extent the senior bonds credit spread is influenced by ... -
The Specialization Effect in Private Equity : an empirical analysis
(Master thesis, 2014)The objective of this thesis is primarily to document the effects of specialization on the success of private equity(PE) funds through an empirical approach. We ex- amine the relationship between a PE-fund's degree of ...