Blar i SAM - Handelshøyskolen på forfatter "Fjesme, Sturla Lyngnes"
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British IPO directors, 1891-1911
Fjesme, Sturla Lyngnes; Galpin, Neal; Moore, Lyndon (Business History;, Journal article; Peer reviewed, 2019-05-24)Company directors in Victorian Britain have a somewhat dubious reputation. There are claims that directors had little business experience with the directorships obtained mainly via social connections. However, a little ... -
Foreign Market Portfolio Concentration and Performance
Fjesme, Sturla Lyngnes (Financial Management;Volume 49, Issue 1, Spring 2020, Journal article; Peer reviewed, 2019-02-06)Using security holdings of 49,857 foreign investors on the Oslo Stock Exchange (OSE), I test whether concentrated investment strategies in international markets result in excess risk‐adjusted returns. I find that investors ... -
Hvem er smartest på Oslo Børs?
Fjesme, Sturla Lyngnes (Praktisk økonomi og finans;Årg. 35, 2/2019, Journal article; Peer reviewed, 2019-06-03)I den senere tid er det fremsatt mange påstander i norske medier om at investorer burde plassere pengene sine i velldiversifiserte indeksfond da det ikke er mulig å slå markedsporteføljen allikevel (passive investeringer); ... -
Informed trading by non-financial companies
Fjesme, Sturla Lyngnes (Applied Economics Letters;Volume 27, 2020 - Issue 3, Journal article; Peer reviewed, 2019-05-12)It is well documented in the finance literature how share prices go up when companies increase dividend payouts. The long-term trend, however, is that more companies now retain excess cash rather than paying dividends. In ... -
Retail investor experience, asset learning, and portfolio risk-adjusted returns
Fjesme, Sturla Lyngnes (Finance Research Letters;, Journal article; Peer reviewed, 2019-10-13)It is well documented in the finance literature that retail investors (households) underperform on a risk-adjusted basis when trading in securities markets. More recently, however, there is growing evidence that some retail ... -
The world cup in football and the US IPO market
Fjesme, Sturla Lyngnes; Lv, Jin Roc; Shekhar, Chander (Journal of Corporate Finance;, Peer reviewed; Journal article, 2023)We document that US IPOs that take place during a world cup in football (soccer), compared to IPOs before or after, exhibit 9% lower underpricing and 6% lower price adjustment. IPOs during world cups receive less attention ...