Previous studies in mutual funds were focused mainly on the US market. The general belief is that mutual funds in average cannot outperform the market. We decided to test this theory in the less studied markets of equity funds in Sweden and Germany. Another controversial point is Continue reading →

Credit rating systems are complex processes and involve mainly two parties; a company and a bank. The complexity of a relationship between a company and a bank lies in the fact that a company usually has access to more information about the company than the bank. Hence, an auditor acts as Continue reading →

In order to explain how to fulfill the purpose of investigating what makes similar companies adapt different risk report communication strategies in the Nordic banking industry, the research design, method and practical execution will be Continue reading →

The study investigates the role of networks and connectedness on CEO and director labor market outcomes. I develop new measures of Continue reading →

PURPOSE:

The main purpose of this research is to determine the consumer level approach of brand equity in Continue reading →

This study examines the impact of working capital management on cash holdings of Continue reading →

This project aims to add empirical evidence to the corporate finance literature by looking at two main financing issues, namely firms’ payout policies and capital structure decisions, in the context of Continue reading →

Background: Growth oriented entrepreneurial businesses need funding for the development of their idea, technology, product etc. However, for the businesses in the very earliest stages of development, access to Continue reading →

Essay 1, Constrained Capacity and Equilibrium Forward Premia in Electricity Markets, develops a refinement of the equilibrium electricity pricing model in Bessembinder and Lemmon. The refined model explicitly accounts for Continue reading →

Over the past twenty years, write-offs have grown in popularity. With the increased usage of write-offs, it is becoming more important to understand the mechanisms behind why companies take Continue reading →

The first essay provides theory concerning the risk-taking incentives of microfinance borrowers in varying cases: individual liability, group liability without social sanctions, and group liability with social sanctions.

The results provide insight into how a community’s social capital and a country’s credit rights interact to induce recipients of microfinance programs to take Continue reading →

Worldwide, the wind has been changing in the finance sector in general and banking-investment sector in particular. Such a panorama teaches us that now, is the time of cooperation rather than a competition, now it’s a time of convergence rather than cutting each other’s neck over customers and markets, now it’s a time of consolidation rather than antagonism.

Curing the fatal disease requires the doses of small pills; impressive thoughts come out from the small brain, similarly, India requires prominence of small and medium enterprises for curing its problem of low economic Continue reading →

Disinvestment is the action of an organization or government of selling or liquidating an asset or subsidiary.

EVOLUTION OF DISINVESTMENT POLICY:

It has been decided that Government would disinvest up to 20 per cent of its equity in selected public sector undertakings, in favour of mutual funds and Continue reading →

Working capital management refers to the administration of all aspects of current assets, namely cash, marketable securities, debtors and stock (inventories) and current liabilities. The financial manager must determine levels and composition of current assets. He must see that right sources are tapped to finance current assets, and that current liabilities are paid Continue reading →