Finance Project Reports, Thesis, Financial Management Papers
Country portfolio analysis, a commonly used tool among companies when evaluating potential target markets, only focus on potential sales instead of including cost and risk into the equation. However, some researchers today have become aware of the importance of taking these costs and risks into account. One of these researchers is Pankaj Ghemawat, who has …
Many manufacturing companies expand their production to low cost countries through different types of foreign direct investments in an attempt to reduce costs. Mexico is one of these low cost countries and is becoming a more and more feasible alternative to Swedish companies. The reasons for this lie in different country specific factors such as …
The backdrop of this dissertation is one ubiquitous element of everyday life: the stock market. Traditionally, accounting and stock markets are logically coordinate entities and this thesis analyzes how accounting supports private investors in their role as shareholders – as investors in shares and owners of companies. This analysis is carried out in four independent …
This thesis contributes to the discussion on the importance of accounting information for stock market efficiency. As any analysis of market efficiency depends on the use of adequate risk proxies, the thesis first investigates the ability of commonly used risk factors to explain the cross-sectional variation of Swedish stock returns. The findings suggest that capturing …
Ever since the evolvement of modern macroeconomics, theories without foundation in the Keynesian view, such as Real Business Cycle (RBC) theories, have aimed for recognition.The purpose of this paper is to examine whether the Cross-Section Volatility model (CSV), a RBC-model developed by Laclair Brainard and David Cutler (1993) based on US data, holds and demonstrates …
In this paper, we study systematic risk factors that influence returns in the Russian stock market and investigate how Swedish Russia and Eastern Europe funds have performed and managed their portfolio holdings in an emerging market environment. We find that the Russian stock markets exposure to systematic risk in other emerging markets is high and …