Blar i Fakultet for samfunnsvitenskap (SAM) på forfatter "Reindl, Johann"
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Are green investors fooled? The effect of issuer signaling on investors' decision to invest into sustainability-linked bonds.
Tingvoll, Christian; Tøn, Runar Hunnålvatn (Master thesis, 2023)Sustainability-linked bonds (SLBs) can be used by companies seeking to demonstrate their commitment to environmental improvement (Pears et al., 2023, p.1). However, can investors be confident that issuers signaling their ... -
Are green investors fooled? The effect of issuer signaling on investors' decision to invest into sustainability-linked bonds.
Tingvoll, Christian; Tøn, Runar Hunnålvatn (Master thesis, 2023)Sustainability-linked bonds (SLBs) can be used by companies seeking to demonstrate their commitment to environmental improvement (Pears et al., 2023, p.1). However, can investors be confident that issuers signaling their ... -
Dishonest strategies when issuing debt - A risk-shifting and earnings-management analysis
Rønhaug, Axel Krogh; Skallebakke, Temesgen Andre (Master thesis, 2020)In this thesis we have investigated if firms engage in earnings management prior to issue of debt, and if asset volatility increases after. We used three models to look for earnings management, a cross-sectional model, a ... -
Exploring the futures hedging possibilities for the Norwegian lumber market, using the U.S. market as a proxy. Testing the effectiveness of different minimum variance hedge ratio approaches
Pedersen, Sindre; Sørum, Simen Bolstad (Master thesis, 2022)This paper explores the possibility for a cabin producer to manage lumber price volatility by hedging with futures contracts. Our intention is to explore if the introduction of a futures market for lumber will provide ... -
Have climate changes led to a significant change in the risk premium in weather derivatives? Does climate changes become a more systematic source of risk?
Jensen, Gyda Alexandria (Master thesis, 2020)The purpose of the thesis is to investigate whether the climate changes up until now have had a significant effect on the risk premium in weather derivatives. Weather futures are futures built on weather indices. In this ... -
Have European spinoffs generated long-run abnormal returns? A study of European spinoffs completed between 1990 and 2020
Myhrer Rafoss, Andreas; Hoddø, Øystein (Master thesis, 2021)We investigate the long-run abnormal returns of spun-off companies in Europe through a sample of 265 European spinoffs completed between 1990 and 2020. We find that spinoffs have generated long-run abnormal returns the ... -
How Private Placements of Equity Influence SPAC Returns. An event study of how the relative size of PIPE impacts abnormal SPAC returns
Kittelsen, Eirik; Richmond, Martin James Hansen (Master thesis, 2022)This thesis conducts an event study of how the size of capital raised by special purpose acquisition companies (SPAC) through private investment in public equity (PIPE) affects the performance of SPACs. This is done by ... -
IPO Underpricing in Norway. Testing of existing underpricing theories in the Norwegian stock markets
Børresen, Espen; Hagen, Henrik Skaugseth (Master thesis, 2020)In our thesis we have analysed the pricing for 202 IPOs in Norway from 2003 to 2019. A wellknown phenomenon for IPOs known as underpricing is a trend where IPO stocks are offered at a lower price than what the market ... -
IPOs, regime switching and optimal portfolio allocation
Hemm, Kristoffer (Master thesis, 2020)This thesis studied whether including the information contained in the first day IPO returns can be used to improve forecasts of the performance of financial markets. The S&P 500 index was used as a proxy for the financial ... -
Is there a bubble within ESG stocks on Oslo Stock Exchange? An empirical analysis of the low risk rated ESG stocks in Norway
Doksæter, Emma-Sophie; Bøckmann, Jonas Aarum (Master thesis, 2021)The purpose of this master thesis is to examine whether there is a financial bubble within ESG stocks on Oslo Stock Exchange. To research the thesis question, we apply both a quantitative and a qualitative method. The ... -
Is there a green bubble developing on the Oslo Stock Exchange? Testing for explosive behaviour in green stocks
Moe, Andreas Sørensen; Øversveen, Simen Haug (Master thesis, 2022)Green investment has never been as relevant as it is today. 2020 and 2021 were recordbreaking years for new listings of green companies on the Oslo Stock Exchange and Euronext Growth. The stock prices of green companies ... -
Operational Hedging in a Mean Reverting Environment - A Real Option Approach
Madsen, Stian Mørk; Solberg, Erik Langseter (Master thesis, 2022)This thesis investigates the value of operational hedging in the form of being able to temporarily close the production of silicone. With the use of real option theory, we developed a switching option model that estimates ... -
Real Option Valuation, Optimal Investment in the Pressence of Regime Switching & Mean Reverting Commodity Prices.
Aunan, Adrian; Saim, Harun (Master thesis, 2022)This thesis investigates optimal investment in real options with the presence of regime switching and mean reverting commodity prices. Our aim is to provide a methodology that can address such behaviors in a commodity. ... -
Stock Market Reactions to Sustainability-Linked Debt Announcements - An empirical study of firms listed on major European stock exchanges
Jentoft, Aleksander Stub; Nordby, Christoffer Bernhard (Master thesis, 2023)This thesis analyses the stock market reaction to announcements of sustainability-linked loans and bonds. Our focus is on the European market, where we examine a sample of announcements from publicly listed firms in ... -
Time-varying covariance structures A DCC-GARCH approach to testing the CAPM
Draget, Julian Alexander; Eggen, Øystein Olsen (Master thesis, 2023)This master's thesis examines the implications of applyingtime-varying covariance structures betweenfour majorasset classes in the US economy within the framework of the conditional Capital Asset Pricing Model (CAPM). The ... -
Volatility Forcasting and Portfolio Optimization
Hellesvik, Fredrik Aas (Master thesis, 2021)This thesis investigates the relationship between volatility forecasting and portfolio performance. The aim is to use stylized facts about financial asset returns to improve the accuracy of volatility forecasts and see ...