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When we introduce transaction costs the perfect Black and Scholes hedge, consisting of the underlying stock and a risk free asset, becomes infinitely expensive. By loosening the pure arbitrage argument and only considering the expected transaction costs, one can find an upper bound on the price of an option. In this essay this is done by using a framework presented by Leland (1985) and Boyle and V

Studien fokuserar kring ämnet implementering av en teknisk plattform inom en organisation. Syftet med uppsatsen är att beskriva och analysera vilka problem som kan uppstå vid införandet av en teknisk plattform inom en verksamhet samt varför dessa problem uppstår. För att besvara frågeställningen genomfördes en kvalitativ fallstudie av ett projekt inom Region Skåne där fokus låg på att implementera

Fighting poverty is the overall goal of the Millennium Development Goals (MDG). Africa has highest percent of poor people in the world and in order to achieve the MDGs poverty and development trends must take a new turn in almost all African countries. The overall objective with this study is to analyse and discuss why financial markets work inefficiently in developing countries and hence fail to

I AD representeras arbetsmarknadens huvudorganisationer av så kallade intresseledamöter. När AD prövar ett mål om etnisk diskriminering har domstolen en så kallad allmän sammansättning. I en allmän sammansättning deltar tre ledamöter som inte kan anses företräda arbetsgivar- eller arbetstagarintressen och fyra intresseledamöter. Det har ett flertal gånger riktats kritik mot AD:s intresseledamöter

This study evaluate the emerging international rice market by looking at supply and demand, price formation and development, and the extensive protection provided for rice on both national, bilateral and multilateral levels. The findings of this study are that rice is seen as a political good in many Asian countries due to its big impact on economy, society and political stability. Rice production

Foreseeing future changes in economic activity is of up most importance to a wide array of actors. The time lag in the presentation of official GDP statistics means that to somewhat accurately capture a tendency of where the business cycle is heading one need turn to qualitative sentiment indicators such as Purchasing Managers’ Index (PMI) and official sentiment indicators for valuable clues. This

American depositary receipts

Syftet med den här uppsatsen är att undersöka valda delar av Allmänna bestämmelser, AB. AB är en avtalsbilaga till det centrala huvudavtalet mellan parterna inom den kommunala och landstingskommunala sektorn. I uppsatsen undersöks AB:s regler om arbetsskyldighet, förflyttning och avstängningar. Resultatet visar att arbetsskyldigheten kan sägas vara mer begränsad inom den kommunala och landstingsko

Uppsatsen sammanfattar nationalekonomiska teorier kring fair trade och, för teorierna, relevant empiri. Störst vikt läggs vid fair trades prismekanism och vilka effekter samt bieffekter den innebär. Teorikapitlet består i princip av fyra delar; Premiens konsekvenser i effektivitetshänseende. Rational choice, om incitamenten att delta i fair trade. Därefter en handelsteoretisk jämförelse mellan fri

Abstract: Syfte: Är att se vad det finansiella systemet betyder för den ekonomiska tillväxten och varför det var skillnad mellan de jämförda länderna, Canada, Japan och Sverige under Golden Age perioden 1950-73. Har studerat BNP-tal, kapitaltillgång, kreditgivning och ekonomisk politik, samt storleken på befolkningen och des's ökning, för att på detta sätt bättre belysa BNP-talet's storlek

This essay discusses fiscal policymaking in Lithuania as a member state in the European Union and in the European Monetary Union. More specifically, looking at official forecasts of the development of some economical and fiscal variables made by Lithuanian authorities and the European Commission for 2005-2008 and simulating business cycles in 2009-2030, it is concluded that it would be thoughtful

The purpose of this essay is to acquire variables that explain and may be used as a base for wage estimation in the private sector in Sweden. The factors that are assumed to have an impact on wage estimation are based on earlier Swedish and international studies. Business survey data, which is based upon monthly questions to firms in various sectors of the Swedish economy posed by the Swedish Nati

The aim of this study is to examine whether Saudi Arabia has suffered from Dutch Disease or not, and to examine how Saudi Arabia has managed symptoms related to Dutch Disease. Initially, the theory of Dutch Disease and different policy suggestions for Dutch Disease management are presented as a framework for the study. The results show that Saudi has depended heavily on its oil revenues and has ex

The aim of this thesis is to analyse the most common economic effects of countries pursuing trade facilitation. Trade flows are constrained by non-tariff barriers and through trade facilitation these barriers can be decreased. We will study the effects of trade facilitation from a theoretical perspective and evaluate a number of empirical studies. Several different trade barriers will be identifie

This paper investigates the effect of the introduction of the Swedish OMXS 30 Index Futures Market on the volatility of the OMXS 30 Index Spot Market. The futures market was introduced in April 1987 and this paper will use the ARCH family of models to test if spot market volatility increased, decreased, or stayed the same in the period after the futures were introduced. A discussion of previous th

I de flesta sammanhang som rör organisationsstrukturer höjs idag projektarbetet och projektorganisationen till skyarna. Fler och fler företag väljer att arbeta i projektform. I de företag där det förekommer projektarbeten utses en ledare till varje projekt som tillsammans med projektmedlemmarna är ett lag som ska arbeta för att projektets mål ska nås, men det är projektledaren som bär det huvudsak

By using the Private Equity Intelligence Ltd database, including more than 3300 private equity funds with IRR data and several fund characteristics, I develop a regression model based on both continuously scaled explanatory variables - vintage year, fund size and market returns - as well as three sets of dummy variables - GP location (US or Non-US), fund type (7 different types) and market conditi

We have two aims with this thesis. The first aim is to describe CFD as a financial instrument in detail by highlighting its potentials and disadvantages. The second aim is to try to find the optimal real margin for each of the underlying stocks. We have adopted an inductive approach, combined with a quantitative method. We have worked with data and tried to come up to conclusions from the results

Since the beginning of the twenty-first century, China has captivated global attention due to its astonishing economic growth. This development has resulted in an enormous growth in foreign direct investments, as well as the country’s new role as economic super power. When joining the World Trade Organization in 2001, China agreed to adhere to the minimum requirements of the organization’s several

Background: It has long been argued that decision support systems are used to simplify and support businesses. The creators of the Balanced Scorecard, Kaplan and Norton, have developed their own software application to facilitate and create a support to organizational strategy work. The application is called the Executive Strategy Manager (ESM) and is an online application aimed at helping organiz