Finance Project Reports, Thesis, Financial Management Papers
One shortcoming in the existing models for credit scoring is the assumption that all borrowers are at-risk, i.e. they must default in the long run. With this assumption, the models’ performance gets skewed in the sense that the probability of default for “good” borrowers is overestimated. To overcome this problem, the long-term survival mixture model …
Historically, it has been difficult to obtain solid data on stock market liquidity for large parts of the world. In recent years, however, the availability of data has improved, but does still have troubles with concentrations to recent years and to relatively wealthy countries. Thus, samples based on balance between industrialized and developing countries may …
The recognition of financial stability as a central public policy objective has led to a growing number of central banks publishing Financial Stability Reports (FSRs). In this study, FSRs published by Bank of England and Sveriges Riksbank are assessed, compared and areas of potential improvement are identified. The main conclusions are that Bank of England …
The paper studies the volume and share price effects on stocks added to a domestic as well as an overseas market index. Contrary to the vast majority of previous research, we document a mildly negative impact on stock prices, particularly for Swedish stocks added to overseas indices. Attempts to explain this finding, by linking it …
We analyze the bidder announcement returns and operating performance on relatively large acquisitions undertaken by Nordic public firms during the years 1998-2003. We find bidder announcement returns to have increased by a median 1.46%. Operating performance, on the other hand, has decreased by a median 2.13% compared to peers. We do not find any positive …
Project Portfolio Management is a tool for effective resource allocation, for the selection of those projects with the highest potential to become tomorrow’s new product and service winners. The accurate implementation of project portfolio methodology is ultimately linked to sound innovation management practices. This paper aims to research a financial firm, ABN AMRO, to uncover …
In order to grow, a company has to invest in many assets such as personnel, equipment and information. This investment stage is often very costly for the company, and the cash flow from the revenue-generating entities are seldom enough to finance all the new investments . To be able to finance these investments, the company …
Introduction : Corporate bonds issued by companies as an instrument that can be used to keep the company’s cost of debt down on the primary market. Those bonds can be bought by anyone and then sold on the secondary market, just like stocks or any other security. The bondholder is entitled to receive a certain …
Background and problem discussion: We believe it is of high interest studying potential problems with costing industrial services based on the fact that literature have stated that manufacturing are moving towards becoming more service oriented, but at the same time literature is rather limited in terms of discussing costing of services. Based on this discussion …
Show that the value stock premium is the key determinant of the fundamental index premium observed in Swedish empirical data and why fundamental indices tend to display superior performance metrics such as high Sharpe ratios. In sharp contrast with the pioneering research by Robert Arnott and all past Swedish research, I find hardly any evidence …