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A short-term contrarian strategy in the Swedish Stock Exchange

One of the most important topics in financial literature is the Efficient Market Hypothesis (EMH). Recent financial research has questioned this hypothesis, and many authors have reached the conclusion that a contrarian strategy creates abnormal positive returns. In other words a strategy profiting buying losers and selling winners. To explain this market behaviour researchers have come up with a

Smoking on the shoulders of giants - An application of the two-part model to Swedish longitudinal data

As the title implies this study builds upon earlier research in the area to obtain an increased understanding of the determinants of smoking. Starting from the household production model (Becker 1965; Grossman 1972), the decisions of smoking participation and intensity of cigarette consumption are estimated in two sets of Two-part Models (2PM). Due to the characteristics of the data – the first th

Partisan Impact on Local Government Spending - The Effects of Party Politics on Municipal Expenditure in Sweden

This essay aims to examine whether there is a partisan influence on local government spending using three different measures, ideology, fragmentation and constellations of government. The ideology measure examines the share of socialists (left-wing parties) in the council. Fragmentation consists of a Herfindahl index which uses information on number of parties in the council and their respective s

The attitudes of SFI-teachers and their importance for the integration of immigrants : A phenomenological study in the context of introductory programmes in Sweden

The aim of this phenomenological study was to explore what role teachers at introductory programmes (SFI-schools) play in the integration of immigrants, how the teachers experience their work and what they feel about the situation in which their students, the immigrants, are. To what extent and in what way do the teachers contribute to facilitating the integration of the immigrant students? The s

An exploration in psychology of culture : a phenomenological study with immigrants in Sweden

We have been inspired by the existing concepts in the field of cultural psychology. With our empirical research we want to explore their eventual relevance in the life-world of immigrants in Malmö, with a phenomenological approach. We have used concepts mainly coming from J.W.Berry's works. He uses concepts like acculturation-strategy, majority/minority culture, and dominant/non-dominant cultu