Browsing Norges Handelshøyskole by Title
Now showing items 8158-8177 of 8599
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The value of tactical and strategic CSR during crises of trust : evidence from the great recession
(Master thesis, 2019)In 2017, Lins, Servaes and Tamayo found that firms’ level of CSR activities affected firm performance during the 2008, 2009 financial crisis positively. In this master’s thesis, I aim to analyze the relationship on a more ... -
The value of tax shields IS equal to the present value of tax shields
(Discussion paper, Working paper, 2005-07)Fernandez (2004b) argues that the present value effect of the tax saving on debt cannot be calculated as simply the present value of the tax shields associated with interest. This contradicts standard results in the ... -
The value of timecharter optionality in the drybulk market
(Peer reviewed; Journal article, 2020)Using an optimization model on a network with stochastic travel times we estimate the value of flexible worldwide redelivery compared to the more constrained Atlantic ocean option. We evaluate the value of the redelivery ... -
The Value Relevance of Accounting in R&D-Intensive Firms: A qualitative study of accounting relevance in R&D-intensive firms and what information is conisdered relevant by CFOs
(Master thesis, 2022)This master thesis aims to investigate how relevant accounting is for R&D-intensive businesses, and what information is or could be used to compensate for the reduced relevance over the years. There is a wide agreement ... -
The value relevance of financial information
(Master thesis, 2011) -
The value relevance of financial reporting on the Oslo Stock Exchange
(Working paper, Working paper, 2004-07)This paper focuses on the value relevance of accounting numbers in Norway over the period 1968–2002. This period covers a number of large, and distinct, changes in Norwegian accounting practice, which so far has culminated ... -
The value relevance of financial reporting on the Oslo Stock Exchange over the period 1964-2003
(Discussion paper, Working paper, 2005)This article focuses on the value relevance of financial statements in Norway over the 40-year period from 1964 to 2003. Since Norwegian generally accepted accounting principles are based on an earnings-oriented conceptual ... -
Value Relevance of Foreign Currency Accounts: A study of US publicly listed firms value relevance with foreign currency transaction and translation factors
(Master thesis, 2022)Foreign currency risk has become an increasing concern for multinational companies, due to the expansion of business geographical scope and increased volatility of foreign exchange rates. The robustness of firm foreign ... -
Value relevant ESG scores and superior performance : when is a high ESG score indicative of better financial performance?
(Master thesis, 2021)Purpose - The objective of this thesis is to develop a methodology that will enable investors to differentiate between two types of companies: those with high performance on ESG issues that have the potential to significantly ... -
Value strategies : do stocks with low prices relative to fundamental measures of value outperform the market?
(Master thesis, 2015)This paper investigates weak-form market efficiency of the U.S. equity market by identifying market anomalies related to value strategies for portfolios formed on price-earnings, price-dividends, price-cash flow and ... -
The value-relevance of accounting figures in the international oil and gas industry : cash flows or accruals?
(Working paper, Working paper, 2005-08)Analysts often rely on a given set of accounting figures for evaluating the financial performance and relative valuation of oil and gas exploration companies. However, the relative importance of these various measures in ... -
The value-relevance of adopting IFRS : evidence from 145 NGAAP restatements
(Discussion paper, Working paper, 2008-10)Firms listed on stock exchanges within the European Economic Area are required to report consolidated financial statements according to IFRS from 2005. The firms that adopted IFRS in 2005 were also required to restate their ... -
The values of relative risk aversion and prudence : a context-free interpretation
(Working paper, Working paper, 2009-02)In this paper we apply to multiplicative lotteries the idea of preference for “harm disaggregation” that was used for additive lotteries in order to interpret the signs of successive derivatives of a utility function. In ... -
Valuing the Debt Tax Shield
(Discussion paper, Working paper, 2007)The tax shield from debt represents a significant proportion of total value for many companies, projects, and transactions. Accurate valuation of the debt tax shield is of more importance than ever as leverage is now ... -
Valutaeksponering og norsk industridød : en empirisk studie av sysselsetting i Telemark og Møre og Romsdal
(Arbeidsnotat;47/12, Working paper, 2012-12)Med bakgrunn i dagens høye kronekurs vil denne studien undersøke virkningen den reelle kronekursen har på sysselsetting og industridød i Telemark og Møre og Romsdal. Analysen tar utgangspunkt i perioden 1996 til 2004 med ... -
Valutakriser i et globalt perspektiv : en analyse av 90-tallets valutakriser i Mexico, Sør-Korea, Russland og Brasil
(Master thesis, 2006)Utredningen drøfter 90-tallets valutakriser i Mexico, Sør-Korea, Russland og Brasil i et globalt perspektiv. Valutakrisene forsøkes kategorisert i henhold til en generasjonsmodell. Det teoretiske rammeverket består for ... -
Valutakursmodell for den norske kronen : empirisk modellering av NOK/EUR-kursen basert på fundamentalfaktorer
(Master thesis, 2010)Utredningen presenterer valutakursmodeller for norske kroner mot euro; én modell som søker å gi informasjon om tidligere bevegelser i valutakursen, én modell som predikerer endringer i valutakursen, samt langtidsløsningen ... -
Valutakursmodellering av den norske kronen : en empirisk analyse av kronens fundamentale drivere i tidsperioden 2001-2020
(Master thesis, 2020)I denne utredningen undersøker vi om kronekursen ligger på sitt fundamentale nivå i tidsperioden 2017-2020, basert på en estimeringsperiode fra april 2001 til januar 2020. Vi benytter enkel økonometrisk metode til å ... -
Valutakursmodellering av den norske kronen : en undersøkelse av informasjonsinnholdet i NOK/SEK-kursen
(Master thesis, 2009)Denne utredningen undersøker informasjonsinnholdet i å modellere kronekursen mot en liten valuta som den svenske, sammenlignet med modeller av større kronekursmål som norske kroner mot euro eller konkurransekursindeksen. ... -
Valutakursmodellering av kronekursen : en empirisk analyse av valutahandelsstatistikkens nytteverdi
(Master thesis, 2017)Makrovariablers svake evne til å forklare valutakurs har skapt et vakuum i valutakursteorien. I oppgaven undersøkes derfor Norges Banks offentlige valutastatistikks evne til å forklare kronekursen, samt dens predikeringsevne ...