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Title: Overreaction on the Swedish stock market Seminar date: 2008-01-30 Course: Nek K01- Bachelor Thesis in Economics (15 ETCS) Authors: Advisor: Oskar Herbe and Ludvig Persson Hossein Asgharian Key Words: Overreaction, Anomalies, Market Efficiency, Contrarian investment strategies Purpose: The purpose of this thesis is to test if the overreaction hypothesis as originally described by De Bondt an
Abstract One of the essential conditions of the co-operating within the EU is that homogeneous conditions of competition prevail within the entire common market. The competition policy in the EU should guarantee that the competition is not distorted in a way that would prevent or create difficulties for the free mobility of goods and services between the member countries. The policy of competition
Sammanfattning Den här uppsatsen behandlar den höga organisationsgraden som vi har i Sverige idag. Huvudsyftet är att ge ett svar på varför organisationsgraden är så hög. Syftet är också att undersöka hur fackföreningsrörelsen kommer att utvecklas i framtiden. Uppsatsen inleds med en redogörelse av faktorer som bidragit till den höga organisationsgrad vi åtnjuter idag. Fackföreningarnas struktur b
Abstract The purpose of the study is to examine if the use of state aid in the EU have increased or decreased and especially the use of state aid to support the manufacturing sector. The development of total state aid in relation to GDP and sectoral distribution of total aid are studied. So is state aid to the manufacturing sector and its different objectives and forms, since this sector is grante
Utländska direktinvesteringar tillskrivs en allt större betydelse för ekonomisk tillväxt och de flesta länder vidtar åtgärder för att öka andelen inkommande direktinvesteringar. Samtidigt har det varit svårt att få fram empiriskt förankrade resultat som stärker dessa antaganden. Syftet med följande uppsats är att utreda om, och i så fall genom vilka kanaler, ekonomin påverkas av inkommande direkti
In the last decades intra-industry trade (IIT) got a lot of attention in economic research. In 1975 Grubel & Lloyd presented a way of measuring IIT, this method is used even today. Later researchers found out that IIT can be disentangled into vertical and horizontal IIT. To calculate vertical and horizontal IIT unit-values are used. In this paper I want to test different ways of measuring, IIT
This thesis gives an introduction to securitization in general and the tranching of collateralized debt obligations in particular. It does this by using a firm-value model to simulate the underlying portfolio via monte-carlo simulations. The simulations in turn give a loss-distribution from which the various tranchings of the CDO’s are derived. To get an understanding of the influence of different
This thesis is about returns to schooling for Mexican immigrants to the United States. The United States became the home of many immigrants. There is an evidence that large amount of immigrants in USA are from Mexico. They are among both oldest and newest inhabitants of the nation. Mexican immigrants and their descendants now make-up a significant portion of the US population and have become one o
De ständigt stigande energipriserna har enligt intervjuade mäklare fått ägare av småhus att bli allt mer uppmärksamma på fastighetens driftskostnader. Eftersom uppvärmningskostnaderna är störst av driftskostnaderna faller fokus på uppvärmningssystemen då det i slutändan är de som bestämmer bränslekostnaderna. Ett byte av uppvärmningssystem är relativt kostsamt och man kan därför anta att småhusäga
International migration is a way to find work and support family members for many people in developing countries where income opportunities are few. The number of female migrants have grown and women migrate increasingly as main providers for their families or as heads of households. This thesis uses qualitative analysis to explore the migration process by comparing the reasons behind the migratio
Sweden is a member of the European Union since 1995. The European Union issues directives that cover different areas. Member states must implement these directives into their national legislation. The European council issued in 1993 a directive that took action on the organization of working time, also known as the working time directive. The full name is: Council directive 93/104/EC of 23 Novembe
I examine the impact of several determinants on foreign direct investments (FDI) by conducting a regional analysis with a particular focus on Belarus. I estimate a panel data model for 16 Central and Eastern European and ex-Soviet Union member countries in a cross-country framework over the 2002 to 2006 time period. The determinants chosen for the empirical model represent macro-economic and trade
Uppsatsen ser till vad som sker med inflationen och produktionsgapet (skillnaden mellan den faktiska produktionen och den potentiella produktionen) när en centralbank blir självständigare genom att Rogoff-konservatism införs. Första delen av uppsatsen avhandlar två modeller inom detta monetära ämne och huvudfokus ligger på den nykeynesianska modellen. Efter en redogörelse för modellens uppbyggnad
Denna uppsats behandlar vilka negativa konsekvenser som kan uppstå vid outsourcing av digitala tjänster i en service-oriented architecture (SOA) miljö. Uppsatsen behandlar endast negativa konsekvenser i relation till kontrollen över den information som existerar i de tjänster och i de affärsprocesser som utgörs av tjänster som outsourcas. Syftet och resultatet av uppsatsen är en punktlista som pre
Den strukturella arbetslösheten har legat på 2% under hela perioden 1940-1990. Även efter lågkonjunkturen i början på 1980-talet gick den tillbaka till denna nivå. Dock ökade långtidsarbetslösheten, vilket tyder på att många av de personer som blev arbetslösa under lågkonjunkturen hade problem att ta sig tillbaka in på arbetsmarknaden, trots ökad efterfrågan. Efter 1990-talskrisen ökade både den s
This thesis gives a contribution to strategy-proof social choice theory, in which one investigates to what extent there exist voting procedures that never can be manipulated in the sense that some voter by misrepresentation of his preferences can change the outcome of the voting and obtain an alternative he prefers to that honest voting would give. When exactly one element should be elected from a
This thesis looks at the difference between the legal protection in law and the legal protection in reality when a small company working with international trade comes in contact with seller's breach of contract. The thesis uses a case taken from a company with over 30 years experience trading with China and looks at the legal protection available along with the different possibilities of disp
The World Health Organization rapports general low adherence to medical treatments in long term therapies among developed countries. The aim of this study was to analyse the individual variation in drug adherence to long term use. A set of individual data with people interviewed in year 2004/2005 was created from the Swedish Survey of Living Conditions and the Pharmaceutical Registry. The data set
The end of the Multi-Fiber Agreement in January 2005 meant that quantitative restrictions within the textile and clothing industry were to be abolished. Quantitative restrictions had been used on the export of goods from low-wage countries which threatened producers in developed countries. With the end of the MFA the world market is significantly more accessible for textile and clothing producers
The purpose of this essay is to test for significance between TED- spread and four different macrovariables, housing prices, Federal funds rate, Asset Backes Securities and mortgage volume. Multiple regression has been used to search for significance between the dependent and the four independent variables. Our data consist of quarterly reports from January 1998 to June 2008. Our conclusion is tha
