Management Articles

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The Store – The Physical Place of Branding

The market of consumer goods has become saturated and in the superfluous range of goods it is necessary to be able to differentiate your products from the competitors’. To facilitate this, many products and services are attributed with additional qualities, such as feelings, status and personality traits. These attributes are included in the abstract concept …

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Pricing of liquidity: Study of the Stockholm Stock Exchange 1901-1919

This paper studies the importance of liquidity in determining security returns. The study is conducted on the Stockholm Stock Exchange, 1901-1919, a market which at the time suffered from low market turnover. We find out-of-sample effects that liquidity levels are significant determinants of returns. Securities with lower liquidity levels earn, on average, higher returns than …

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Tax Treaties and EC Law: Development, Problems and Solutions

Introduction : One of the major problems faced in international taxation is that of double taxation. Double taxation arises when the same asset, financial transaction or income is taxed twice or more due to different states’ overlapping tax jurisdictions and conflicting tax laws. A prime example is a taxpayer who lives in one state but …

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Work Environment Stressors – The link between employees’ well-being and job performance?

Background: Employees are the human capital which contributes to the success and development of a company to a great extent. Thus, these days, companies do not see them only as factors of production from the classical perspective, but have started to value them as stakeholders and partners with whom long-term goals are achieved together.Problem Discussion …

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Survival mixture models for credit risk analysis

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 …

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Regional House Price Differentials: Factors that Influence the Choice of Location

Introduction : Why do we live where we live? Is it a coincident, family tradition or a deliberate choice? Perhaps the choice is not entirely free, but rather affected by forces such as working opportunities and the possibility to attract household resources.The free choice is hence restricted by economic funds.Many times we just cannot afford …

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Effects of Stock Market Liquidity on Growth Project Report

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 …

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