0 antall prosjekter

FINANSMARK-Finansmarkedet

Securitization and the Stability of the Market for Liquidity - Market Stress and the Flow of Funds

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Tildelt: kr 1,2 mill.

Prosjektperiode: 2008-2010

Sted: Vestland

FINANSMARK-Finansmarkedet

Corporate Governance Before There was Corporate Law

What would a company's corporate governance structure look like in the absence of corporate law? Despite the attention given to corporate governance, we know relatively little about what an optimal corporate governance structure should look like, or wheth er laws regulating corporate governance m...

Tildelt: kr 1,0 mill.

Prosjektperiode: 2008-2011

Sted: Oslo

FINANSMARK-Finansmarkedet

Extremes and Diversification

Why is understanding extreme events important for individuals? A major reason is that it allows us to protect our property and jobs. The objective of our research is to provide an analysis of the effects of extreme events on household finance and investor diversification. We plan to approach th...

Tildelt: kr 1,9 mill.

Prosjektperiode: 2008-2010

Sted: Rogaland

FINANSMARK-Finansmarkedet

Volatility in exchange rate data: statistical analyses and economic interpretations

This project takes as its starting point new theory for stochastic volatility models for financial data based on non-Gaussian (Ornstein-Uhlenbeck) diffusion processes. The project aims to contribute to the ongoing research activity in two ways: (i) to dev elop new methods and software for inferen...

Tildelt: kr 1,4 mill.

Prosjektperiode: 2008-2010

Sted: Oslo

FINANSMARK-Finansmarkedet

The Liquidity of the Oslo Stock Exchange

In this project we propose to analyze the liquidity of the Oslo Stock Exchange from 1980 to today. Using a variety of liquidity measures that can be calculated from relatively low frequency data, such as daily, we will show how liquidity has evolved at th e OSE in the period. Preliminary research...

Tildelt: kr 0,20 mill.

Prosjektperiode: 2008-2008

Sted: Oslo

FINANSMARK-Finansmarkedet

Macroeconomic news, monetary policy and the role of financial markets

This project addresses the effect of macroeconomic news, such as announcements about monetary policy, on asset prices, as well as the reverse causation, namely how shocks in asset prices influence monetary policy. We expect there to be substantial interde pendence between monetary policy and asse...

Tildelt: kr 0,82 mill.

Prosjektperiode: 2007-2010

Sted: Oslo

FINANSMARK-Finansmarkedet

Asset Management and Myopic Loss Aversion

Myopic loss aversion (MLA) combines the hypothesis that individuals tend to evaluate long-term investments according to their short-term returns, with the hypothesis that they weigh losses more heavily than gains. Recent experimental tests suggest that in dividuals actually exhibit behaviour cons...

Tildelt: kr 1,3 mill.

Prosjektperiode: 2007-2010

Sted: Rogaland

FINANSMARK-Finansmarkedet

Finansielle råvaremarkeder i Norge; er det en mulighet for futuresmarkeder for oppdrettslaks og andre fiskeråvarer.

I Norge pågår nå arbeid med å etablere finansielle futureskontrakter, basert på atlantisk laks som underliggende prisbestemmende aktivum. Minst tre norske interessegrupper har fra 2004 forsøkt å etablere finansielle råvaremarkeder med utgangspunkt i nors k produsert oppdrettslaks, som i all hove...

Tildelt: kr 0,46 mill.

Prosjektperiode: 2007-2009

Sted: Troms - Romsa - Tromssa

FINANSMARK-Finansmarkedet

Corporate Risk Management in Small Norwegian Firms

Owners of small firms have, in general, tied most of their wealth to one firm. Hence, in terms of motives for risk management, owners and managers could have more in common in small and medium sized firms than in large public companies. Still, there has b een little research on the use of risk ma...

Tildelt: kr 1,9 mill.

Prosjektperiode: 2007-2010

Sted: Oslo

FINANSMARK-Finansmarkedet

Communication of financial information

An essential issue in finance is how information about a firm is conveyed to investors. While a considerable amount of financial reporting is mandatory (e.g., quarterly statements, annual reports, etc.), managers may retain some discretion in their report ing. Opportunities for discretion arise b...

Tildelt: kr 0,50 mill.

Prosjektperiode: 2007-2009

Sted: Vestland

FINANSMARK-Finansmarkedet

An empirical study of the financing choices of Norwegian companies.

The project will seek to obtain an improved understanding of how Norwegian companies, focusing on private companies, finance themselves. We will test known capital structure theories on very complete and relevant data and also utilise the benefits of the Norwegian framework. The latter in partic...

Tildelt: kr 0,42 mill.

Prosjektperiode: 2006-2008

Sted: Vestland

FINANSMARK-Finansmarkedet

Portfolio choices of Norwegian investors

In spite of a vast theoretical and empirical literature on financial market prices, comparatively little is known about the portfolio choices of individual investors. This project aims to gain substantial new insights on this topic by analyzing transactio ns and returns of individual investors at...

Tildelt: kr 0,91 mill.

Prosjektperiode: 2006-2013

Sted: Vestland

FINANSMARK-Finansmarkedet

Futures market manipulations in deregulated electricity markets

The characteristics of electricity production and consumption make electricity markets highly susceptible to the exercise of unilateral market power. However, it is a recognized view that a well-functioning financial power market will contribute to a comp etitive price level in the associated who...

Tildelt: kr 0,53 mill.

Prosjektperiode: 2005-2008

Sted: Møre og Romsdal

FINANSMARK-Finansmarkedet

Robustness and evaluation of monetary policy

The thread running through the project is the analysis of the determination of the short interest rate in the interbank market by the central bank. It is both associated with how the central bank ought to set interest rates to maximize economic welfare an d how they empirically set interest rates...

Tildelt: kr 1,0 mill.

Prosjektperiode: 2005-2009

Sted: Oslo

FINANSMARK-Finansmarkedet

Liquidity problems, financing constraints and investment decisions: A theoretical modelling with application to Norway

The issues to be studied are closely related to the literature on the links between real economic activity, such as investment, and the financial sector, which argues that financial market imperfections introduce inefficiencies that can have significant r eal effects on an economy. This project ...

Tildelt: kr 2,6 mill.

Prosjektperiode: 2005-2009

Sted: Oslo

FINANSMARK-Finansmarkedet

Tilretteleggeransvar - Verdipapirforetaks erstatningsansvar ved tilretteleggelese av kapitalforhøyelser i aksje- og allmennaksjeselskaper

Prosjektet vil bli samlet i én avhandling beståend tre hoveddeler. Første hoveddel inneholder en nærmere belysning av rettsreglene som regulerer tilretteleggers ansvarsgrunnlag. Dette vil være et ansvar utenfor kontrakt, men med nokså sterke kontraktsli knende elementer. Ansvaret vil også gjeld...

Tildelt: kr 0,14 mill.

Prosjektperiode: 2005-2007

Sted: Oslo