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  • 1.
    Altaf, Saadia
    et al.
    Högskolan i Skövde, Institutionen för teknik och samhälle.
    Cospormac, Ghenadie
    Högskolan i Skövde, Institutionen för teknik och samhälle.
    Demutualization of stock exchanges: A case study : London Stock Exchange and Hong Kong Stock Exchange2009Självständigt arbete på avancerad nivå (magisterexamen), 10 poäng / 15 hpStudentuppsats (Examensarbete)
    Abstract [en]

    The focus of this study is to evaluate the impact of corporate ownership structure on the overall performance of stock exchanges. This study distinguishes in particular mutual versus demutualized ownership. London Stock Exchange and Hong Kong Stock Exchange are chosen as study cases, because London Stock Exchange is one of the world leading stock exchanges and Hong Kong Stock Exchange is definitely one of the most important emerging market stock exchanges. That is why the results obtained by comparing these two stock exchanges could serve as good indicator in understanding the effects of demutualization process on the whole stock exchange sector and retain the subtle differences in micro-behavior of the stock exchanges undergone the same transformation.

    In this paper the simple descriptive statistics is used as the method of analysis, in association to a profound review of the literature in this area. The data illuminate the fact that demutualized stock exchanges hold a stronger operating performance and a better performance in term of shareholder’s return than mutual exchanges. The result is generally in line with the basic theories in the area of corporate governance and empirical studies in this specific area like Aggarwal (2006), Mendiola and O’Hara (2003) and Hart and Moore (1996).

  • 2.
    Bilgiç, Emrah
    Högskolan i Skövde, Institutionen för teknik och samhälle.
    Causal relationship between Foreign Direct Investment and Economic Growth in Turkey2007Självständigt arbete på avancerad nivå (magisterexamen), 10 poäng / 15 hpStudentuppsats
    Abstract [en]

    Although there is a considerable evidence on the link between Foreign Direct Investment (FDI) and economic growth in developing countries, the causal relationship of these two variables still remains an important question. This study attempts to examine the possible causal relationship between FDI and economic growth in Turkey, during the period 1992 (Quarter 2) – 2006 (Quarter 3). We employed the Johansen Cointegration and Granger Causality tests for detecting the long run or short run causality. Our results showed that there is no long run relationship between the variables, which led us to search the causality in the short run. However we couldn’t find any evidence for a causality running from FDI to economic growth or economic growth to FDI in Turkey.

  • 3.
    Buryla, Eliza
    Högskolan i Skövde, Institutionen för teknik och samhälle.
    Relation between Accounting Choices, Book Values and Stock Prices2008Självständigt arbete på avancerad nivå (magisterexamen), 10 poäng / 15 hpStudentuppsats
    Abstract [en]

    This study examines the relationship between stock prices and accounting figures, primarily the book value of equity and earnings, as well as the market perception of accounting choices implemented by

    companies. Market event studies from late sixties have initiated numerous of researches, and the majority of contemporary results were consistent with strong belief in the market efficiency theory. The

    book value of equity and earnings have been proved to have the highest explanatory power of future stock prices. Other accounting-related issues, like inventory methods or accounting for business combination, were proven to have reliable impact on the stock prices. Moreover, the cash flow implications triggered by the accounting change are not an indispensable condition to influence the stock price level. Although a great body of research has treated the relationship between accounting

    choices and stock prices, a clear-cut mechanism is not well specified. The evidence is inconsistent, and the consequences of accounting change are difficult to measure. However, the accounting figures

    included in financial statements remain the most important measure of the companies’ performance. Due to the economic and technical progress, which considerably modified the structure of companies

    and the environment in which they operate, further studies are advisable in order to maintain the reliability of accounting figures on significant level.

  • 4.
    Emadione, Coline Sume
    Högskolan i Skövde, Institutionen för teknik och samhälle.
    Foreign Exchange Exposure and Management: Case study of two large Multinationals2009Självständigt arbete på avancerad nivå (magisterexamen), 10 poäng / 15 hpStudentuppsats (Examensarbete)
    Abstract [en]

    With instability in financial markets and currency values, particularly the U.S dollar following the global financial crises, this paper seeks to examine how two large multinational firms conduct their currency risk management policies. Attention is paid to observe any discrepancies between what the firms do and what academic literature recommends.

    Both firms actively manage all three forms of currency exposures with particularly higher involvements in economic exposure management in contrast to some academic literature. However one of the firms, Trelleborg AB does not manage its profit and lose translation exchange risk originating from translation of income statements of its subsidiaries. Even though most academics do not recommend management of translation exposure because it purportedly has no cash flow implications for the firm, findings here as shown in both case studies indicate that at least some  multinationals manage translation exposure possibly because doing so reduces their stakeholder's perceived risk.

  • 5.
    Emadione, Coline Sume
    Högskolan i Skövde, Institutionen för teknik och samhälle.
    Foreign Exchange Exposure and Management:Case study of two large Multinationals2009Självständigt arbete på avancerad nivå (magisterexamen), 10 poäng / 15 hpStudentuppsats (Examensarbete)
  • 6.
    Fred Tambong, Takoeta
    Högskolan i Skövde, Institutionen för teknik och samhälle.
    The impact of the intensity of firm's intangible assets on the volatility of their stock prices2008Självständigt arbete på avancerad nivå (magisterexamen), 10 poäng / 15 hpStudentuppsats (Examensarbete)
    Abstract [en]

    The volatility of share prices is an important variable in most asset pricing models and option pricing formulas.Valuation of volatility of share prices have become a major challenge with the development of the knowledge-driven economy as evidence suggest that not all elements of company wealth are physical in nature.

    The purpose of this project entitled “The intensity of the firm’s intangible asset on the volatility of their stock price” is to check if the intensity of intangible assets in a firm’s balance sheet affects the volatility of their stock price. A brief overview of intangible assets is also included in this study.

    An OLS regression was run and the results of the entire data set gives a negative correlation between intensity of intangible assets and volatility of stock prices probably due to the fact that the volatility of the firm share prices are driven by uncertainty and expectation of future growth. An industry-grouping regression was carried out, the results shows that for basic pharmaceuticals there is a positive correlation between the intensity of intangible assets and their price volatility while the other three industry groups produce a negative correlation.

    The study relies on secondary data of randomly selected fourty (40) publicly traded companies in Europe from four different industry groupings namely: manufacture of basic pharmaceuticals, manufacture of food products and beverages, information technology and manufacture of basic metals.

  • 7.
    Grek, Jenny
    Högskolan i Skövde, Institutionen för teknik och samhälle.
    The effect of smoking and drinking on wages in Sweden2007Självständigt arbete på avancerad nivå (magisterexamen), 10 poäng / 15 hpStudentuppsats
    Abstract [en]

    The aim of this thesis is to study the effect of smoking and drinking on wages in Sweden. The data used in this study is the Swedish Level-of-living survey (LNU) from 1991. A multinomial logit model and the marginal effects from the estimated model are used to study the effect of smoking and drinking on wages in Sweden. The empirical results conclude that medium drinking increases the probability of having a high income, i.e. there is a positive significant relationship between medium drinking and wages in Sweden. Also concluded from the empirical results is that there is not a significant relationship between smoking and wages in Sweden.

  • 8.
    Gustavsson, Mikael
    et al.
    Högskolan i Skövde, Institutionen för handel och företagande.
    Lundström, Oscar
    Högskolan i Skövde, Institutionen för handel och företagande.
    Strategier vid rekrytering av nyckelroller inom små- och medelstora företag2019Självständigt arbete på grundnivå (kandidatexamen), 10 poäng / 15 hpStudentuppsats (Examensarbete)
    Abstract [sv]

    Bakgrund: Små- och medelstora företag (SME) är motorn inom den europeiska ekonomin och står idag för 9 av 10 företag. SME är beroende av att deras nyckelroller innehavs av kompetent personal så att företaget kan fortsätta att utvecklas. För att lyckas rekrytera personer med den behövda kompetensen krävs det att företaget använder sig av olika strategier. En interaktion mellan HR och marknadsföring kan leda till en implementering av framgångsrika strategier kring anställning av en nyckelroll till SME. Syfte: Syftet med arbetet är att undersöka hur små- och medelstora företag går tillväga kring rekrytering av nyckelroller samt om de använder några av de tidigare nämnda strategierna. Arbetets resultat kommer bli intressant för små och medelstora företag då de kan använda resultatet som riktlinjer under en rekryteringsprocess av en nyckelroll. Metod: Författarna i studien har valt att utgå från en deduktiv metod. Den empiriska undersökningen utfördes i form av en kvalitativ studie där författarna till studien intervjuade sex företag. Resultat/Slutsats: Författarna av studien fann att det egentligen var två huvudsakliga strategier kring rekrytering av nyckelroller hos de intervjuade företagen. Outsourcing var den ena medans den andra strategin var ganska otydlig. Alla plockade delar ur marknadsmixen, främst när det handlade om annonseringen men tillvägagångssättet tycktes mer ha att göra med individen som hade rollen som ansvarig för rekrytering. Vissa provade bara genom att annonsera via sociala medier och branschtidningar, etc. medans andra hade egna sociala kontaktnät som de headhuntade inom. Författarna till studien drar slutsatsen att då det handlar om små- och medelstora företag så är HR-avdelningen oftast inte så omfattande och nyrekryteringar till nyckelroller sker mer sällan

  • 9.
    Hacker, R. Scott
    et al.
    Jönköping Int Business Sch, Dept Econ, Jönköping, Sweden.
    Hatemi-J., Abdulnasser
    Högskolan i Skövde, Institutionen för teknik och samhälle.
    Optimal lag-length choice in stable and unstable VAR models under situations of homoscedasticity and ARCH2008Ingår i: Journal of Applied Statistics, ISSN 0266-4763, E-ISSN 1360-0532, Vol. 35, nr 6, s. 601-615Artikel i tidskrift (Refereegranskat)
    Abstract [en]

    The performance of different information criteria - namely Akaike, corrected Akaike (AICC), Schwarz-Bayesian (SBC), and Hannan-Quinn - is investigated so as to choose the optimal lag length in stable and unstable vector autoregressive (VAR) models both when autoregressive conditional heteroscedasticity (ARCH) is present and when it is not. The investigation covers both large and small sample sizes. The Monte Carlo simulation results show that SBC has relatively better performance in lag-choice accuracy in many situations. It is also generally the least sensitive to ARCH regardless of stability or instability of the VAR model, especially in large sample sizes. These appealing properties of SBC make it the optimal criterion for choosing lag length in many situations, especially in the case of financial data, which are usually characterized by occasional periods of high volatility. SBC also has the best forecasting abilities in the majority of situations in which we vary sample size, stability, variance structure (ARCH or not), and forecast horizon (one period or five). frequently, AICC also has good lag-choosing and forecasting properties. However, when ARCH is present, the five-period forecast performance of all criteria in all situations worsens.

  • 10.
    Hatemi-J, Abdulnasser
    Högskolan i Skövde, Institutionen för teknik och samhälle. Department of Business and Management, University of Kurdistan-Hawler.
    Forecasting properties of a new method to determine optimal lag order in stable and unstable VAR models2008Ingår i: Applied Economics Letters, ISSN 1350-4851, E-ISSN 1466-4291, Vol. 15, nr 4, s. 239-243Artikel i tidskrift (Refereegranskat)
    Abstract [en]

    This simulation study investigates the forecasting performance of a new information criterion suggested by Hatemi-J (2003) to pick the optimal lag length in the stable and unstable vector autregression (VAR) models. The conducted Monte Carlo experiments reveal that this information criterion is successful in selecting the optimal lag order in the VAR model when the main aim is to draw ex-ante (forecasting) inference regardless if the VAR model is stable or not. In addition, the simulations indicate that this information criterion is robust to autoregressive conditional heteroskedasticity effects.

  • 11.
    Hatemi-J, Abdulnasser
    et al.
    Högskolan i Skövde, Institutionen för teknik och samhälle.
    Hacker, R. Scott
    Jönköping International Business School, Jönköping, Sweden.
    Capital mobility in Sweden: a time-varying parameter approach2007Ingår i: Applied Economics Letters, ISSN 1350-4851, E-ISSN 1466-4291, Vol. 14, nr 15, s. 1115-1118Artikel i tidskrift (Refereegranskat)
    Abstract [en]

    This article investigates the degree of capital mobility in Sweden during 1993 to 2004 using quarterly data. A time varying parameter model is estimated by the Kalman filter, and it shows that the relationship between investment as share in gross domestic product (GDP) and saving as share in GDP is much less than one (within the interval of 0.25-0.35), indicating substantial capital mobility. However, since the coefficient in each period is statistically different from zero, capital is still not perfectly mobile. Nevertheless, capital mobility seems to have increased until 1995 when Sweden became a member of EU and after membership there seems to be no significant increase in capital mobility.

  • 12.
    Hatemi-J, Abdulnasser
    et al.
    Högskolan i Skövde, Institutionen för teknik och samhälle.
    Morgan, Bryan
    Department of Accounting, Finance and Economics, Griffith Business School, Griffith University, Brisbane, QLD 9726, Australia.
    Liberalized emerging markets and the world economy: testing for increased integration with time-varying volatility2007Ingår i: Applied Financial Economics, ISSN 0960-3107, E-ISSN 1466-4305, Vol. 17, nr 15, s. 1245-1250Artikel i tidskrift (Refereegranskat)
    Abstract [en]

    Due to increasing globalization and its potential benefits, many emerging markets have introduced capital liberalization policies to attract much needed foreign direct investment. The objective of this article is to empirically investigate whether the conducted deregulation policies resulted in greater integration of emerging financial markets with the world market. For this purpose, a novel method introduced by Hatemi-J and Hacker (2005) is utilized to calculate the parameters as well as to test the significance of these parameters. This method is shown to be robust to nonnormality and time-varying volatility that usually characterize financial data and therefore it can provide more accurate inference compared to other methods. We find that only four of 17 emerging markets have become more integrated with the world market after implementing the liberalization policy.

  • 13.
    Homoródi, Réka
    et al.
    Högskolan i Skövde, Institutionen för teknik och samhälle.
    Osmólska, Katarzyna
    Högskolan i Skövde, Institutionen för teknik och samhälle.
    An analysis of the relationship between Carbon-Dioxide Emissions and Gross Domestic Product For 139 countries within the time period 1985-20042009Självständigt arbete på avancerad nivå (magisterexamen), 10 poäng / 15 hpStudentuppsats (Examensarbete)
    Abstract [en]

     

    The purpose of this dissertation would be to find the relationship between CO2 emission and GDP. We found that in case of the majority of countries the CO2 emission is related to national income and follows an inverted-U shaped curve. In our analysis we used the regression technique on 139 countries within the time period 1985-2004 to model and analyze the mentioned relationship and define the variables, that describe it. As it will be proved, Environmental Kuznets Curve validate the model and our hypothesis confirm other researches, therefore the inverse-u relationship proves to be correct.

     

  • 14.
    Iordanova, Tzveta
    Högskolan i Skövde, Institutionen för teknik och samhälle.
    Evaluation of single and three factor CAPM based on Monte Carlo Simulation2007Självständigt arbete på avancerad nivå (magisterexamen), 10 poäng / 15 hpStudentuppsats
    Abstract [en]

    The aim of this master thesis was to examine whether the noticed effect of Black Monday October 1987 on stock market volatility has also influenced the predictive power of the single factor CAPM and the Fama French three factor CAPM, in order to conclude whether the models are less effective after the stock market crash. I have used an OLS regression analysis and a Monte Carlo Simulation technique. I have applied these techniques on 12 industry portfolios with US data to draw a conclusion whether the predictability of the single and three factor model has changed after October 1987. My research confirms that the single factor CAPM performs better before October 1987 and also found evidences that support the same hypothesis of Black Monday effect on the predictive power of the Fama French three factor model.

  • 15.
    Isotamm, Annika
    Högskolan i Skövde, Institutionen för teknik och samhälle.
    Gender differences in commuting: Study with Swedish data2008Självständigt arbete på grundnivå (kandidatexamen), 20 poäng / 30 hpStudentuppsats
    Abstract [en]

    Commuting is becoming more and more important in every day life in the world of complex labour markets. If for hundred years ago most workers lived less than one hour walking distance from their workplace, then today they commute daily outside the cities and villages they live. Often is it a trade off between unemployment and employment. The subject of this thesis is to investigate if there are differences in female and male commuting behaviour. Especially it studies to what extent their spatial interaction is affected by variables such as labour in origin municipality, jobs in destination municipality and the distance between these two. Gravity models are used, and six different versions are estimated. The commuting data used in thesis comes from SCB (Statistics Sweden) and data about travel time collected by the Swedish Road Administration. Commuting data includes 1 003 771 people in Sweden who commute to a job located in another municipality than he or she was settled. The results imply that men are less sensitive to distance between two locations. Moreover, the amount of labour in origin and the amount of jobs in destination have higher effect on male commuting.

  • 16.
    Javed, Arshad
    et al.
    Högskolan i Skövde, Institutionen för teknik och samhälle.
    Iqbal, Azhar
    Högskolan i Skövde, Institutionen för teknik och samhälle.
    Swedish Mutual Funds Performance 2000-20072008Självständigt arbete på avancerad nivå (magisterexamen), 10 poäng / 15 hpStudentuppsats
    Abstract [en]

    Mutual funds are the common name for the open-end investment companies. This is the dominant investment company today, accounting for roughly 90% of investment comply assets. Assets under management in the mutual fund industry in United States surpassed $ 12.068 trillion by the end of April 2008 .

    Mutual funds performance is one of the most frequently studied topics in investment area in most countries. The reason for this popularity is availability of data and the importance of mutual funds as vehicles for investment in stock market for both individual and institutions. Since mutual funds have become popular the research has also started to include the ways of finding the right mutual funds. Although the price shares and the income from them may go down as well as up but choosing the right mutual funds can have considerable effects on investors ending wealth. The thesis examines the past performance of mutual funds as a criterion for investors' future choices. In particular, it examines if mutual funds which invested in the Swedish stock market. Swedish funds assets have passed the trillion kronor mark in March 2005, and it is rapidly increasing. We started our analysis by the funds attributes influenced the returns. In our study hypotheses are the fund characteristics i.e. popularity growth cost and management variables are included. These attributes are most frequently used by finance academies to simple and multiple regression analysis is used to test these hypotheses. We do not find any strong evidence that the past performance is a guide to future performance. As most of the results studies, our results may be subject to survivorship bias, because we have included only 33 funds in our sample during the last eight years 2000-2007.

    Mostly data is collected from Morningstar Sweden, the Swedish Investment fund association and secondary data from some of the mutual funds annual reports .We analyze the data for last eight years from 2000-01-01 to 2007-12-31 and the funds which are invested mostly in Swedish securities.

    Before and during our thesis different research studies and financial articles were studied relevant to our research thesis. Our research study results shows that the attributes which have some impact on mutual funds returns are risk, fund size, age, fund turnover and management tenure. The results indicate that the hypothesized relationship between mutual funds performance and the explanatory variables are generally upheld. The study provides a comprehensive examination of recent Swedish mutual funds performance by analyzing the funds returns and funds attributes affecting the funds performance and an effort to link performance to funds specific characteristics.

  • 17.
    Johansen, Malin
    et al.
    Högskolan i Skövde, Institutionen för teknik och samhälle.
    Nilsson, Carola
    Högskolan i Skövde, Institutionen för teknik och samhälle.
    Microfinance and poverty alleviation: A case study of Grameen Bank and BRAC2007Självständigt arbete på grundnivå (kandidatexamen), 10 poäng / 15 hpStudentuppsats
    Abstract [en]

    Microfinance and micro credits are concepts that are used frequently when talking about poverty reducing actions. This paper is a case study of the poverty alleviation impacts of microfinance institutions and it contrasts the effects of Grameen Bank and Bangladesh Rural Advancement Committee (BRAC) operating in Bangladesh. The case study examines the organisations effects in the 21st century since most of the reports have compared the effects in the past not reflecting on future conditions. The questions at issue are if Grameen Bank and BRAC can affect the poverty status of its members in a positive way and if there is a positive effect, which of the approaches are the best to use? To analyse the non monetary dimension, concepts such as health and education has been used as indicators for poverty reduction and the monetary indicator used is income through employment. Simultaneously economic models and concepts have been considered throughout the paper.

    The findings of this case study implied that both organisations have positive effects on reducing poverty among its members, but BRAC has the broadest view seeing to all factors investigated and therefore its approach is the best to use. Nevertheless, as previous studies have implied sustainability and cost-effectiveness within the microfinance programme is important for the long-run poverty reduction. Evaluating the economic performance of the two organisations Grameen Bank is more efficient in using its resources than BRAC, but Grameen Bank show a decreasing rate of efficiency while BRAC is improving significantly. With this in consideration BRAC is still showing the best poverty reducing result for its members today, but if the organisation does not find a way to improve its economical performance its actions will not be sustainable in the long run.

  • 18.
    Lindström, Thomas
    et al.
    Högskolan i Skövde, Institutionen för teknik och samhälle.
    Stenkvist, Cecilia
    Högskolan i Skövde, Institutionen för teknik och samhälle.
    Finns det möjlighet till arbitrage på VINX30 aktieindexoptioner?: en empirisk undersökning2008Självständigt arbete på grundnivå (kandidatexamen), 10 poäng / 15 hpStudentuppsats
    Abstract [sv]

    Optioner är ett instrument som investerare kan använda för att spekulera i framtida upp-eller nedgångar på olika tillgångar. Om dessa optioner är felprissatta finns det möjlighet att göra riskfria vinster med hjälp av Stolls köp-säljparitet. Tidigare studier visar att marknaden inte alltid är effektiv i sin prissättning av aktieindexoptioner och att det därigenom finns möjlighet till arbitrage. Denna studie undersöker huruvida marknaden är effektiv i sin prissättning av VINX30 aktieindexoptioner, d.v.s. finns det möjlighet till arbitrag på VINX30 aktieindexoptioner?

  • 19.
    Ljungström, Divesh
    Högskolan i Skövde, Institutionen för teknik och samhälle.
    B-Values: Risk Calculation for Axfood and Volvo Bottom up beta approach vs. CAPM beta2007Självständigt arbete på grundnivå (kandidatexamen), 10 poäng / 15 hpStudentuppsats
    Abstract [en]

    The aim of this thesis is to study the risk for two Swedish companies, Axfood and Volvo. To test the required return on equity, a bottom-up beta approach and a CAPM regression beta are used. This thesis concludes that the bottom-up beta gives a truer reflection and a more updated beta value than a CAPM regression beta on the firm’s current business mix, the CAPM beta takes only the past stock prices into consideration. The empirical results for Volvo conclude that the levered bottom-up beta is 1.09 and the CAPM β is 0.52 for Volvo. The empirical results for Axfood which is categorized as consumer goods sector implies that the levered bottom-up beta is 0.87 while the CAPM regression beta is 0.29.

  • 20.
    Mendoza Osorio, Gerardo
    Högskolan i Skövde, Institutionen för teknik och samhälle.
    Foreign Direct Investment and Economic Growth in México: An Empirical Analysis2008Självständigt arbete på avancerad nivå (magisterexamen), 10 poäng / 15 hpStudentuppsats
    Abstract [en]

    Trade openness, market size, transparency, ease of doing business, location advantagesand low levels of corruption and country risk are the main determinants that attractForeign Direct Investment into a host country. FDI inflows in México have increasedremarkably since 1994 when the North America Free Trade Agreement (NAFTA) cameinto effect. Using multiple regression analysis in order to measure the impact of FDI onGDP; the Empirical results showed that a one percent increase in FDI leads on average toan increase of 0.08 percent in GDP which clearly reflects a positive but neither animportant nor a substantial impact of FDI on economic growth in México as it would beexpected. Time series data analysis for the period 1980-2007 has been tested for UnitRoot by applying the Dickey-Fuller (DF) test. Each time series after the first differencebecomes stationary and therefore it might be a causal relationship among the variables.However, FDI will not have a real impact on the society unless there is an effective stockof Human Capital capable of learning and absorbing the know-how to work successfullywith the technology that Multinational Corporations bring into the host country with theirinvestment. The challenge for the Mexican Government is to create structural reformssuch as the deregulation of energy and oil sector for private investment that will lead toconstantly higher flows of FDI. In the medium term this will then be reflected in thesociety in terms of poverty reduction and development of its population.

  • 21.
    Ngang, Joseph Bayiah
    Högskolan i Skövde, Institutionen för teknik och samhälle.
    The Impact of Foreign Aid on Economic Growth and Economic Development in Cameroon2008Självständigt arbete på avancerad nivå (magisterexamen), 10 poäng / 15 hpStudentuppsats
    Abstract [en]

    The role of foreign aid in promoting economic growth and improving the social welfare of people has been the subject of much debate among development specialists, researchers, aid donors as well as recipients in general and Cameroon in particular. In spite of this, there are only few empirical studies that investigate the contributions of foreign aid to economic growth and development in Cameroon. This study explores the impact of foreign aid to economic growth and development in Cameroon using descriptive statistics for data that spans from 1997 to 2006. The results show that foreign aid significantly contributes to the current level of economic growth but has no significant contribution to economic development. The findings imply that Cameroon could enhance its economic development by effectively managing funds from aid and by strategically strengthening anti-corruption measures.

    The rest of the work is organized as follows: Chapter one consist of an introduction, chapter two is the literature review, chapter three constitute the research methodology, chapter four is the data presentation and analyses, chapter five summary of findings and recommendations and lastly chapter six conclusions,

  • 22.
    Okhiria, Onosewalu
    et al.
    Högskolan i Skövde, Institutionen för teknik och samhälle.
    Saliu, Taofeek
    Högskolan i Skövde, Institutionen för teknik och samhälle.
    Exchange rate variation and inflation in Nigeria ( 1970 - 2007 )2008Självständigt arbete på avancerad nivå (magisterexamen), 10 poäng / 15 hpStudentuppsats
    Abstract [en]

    This study examines the impact of exchange rate on inflation in Nigeria economy between 1970 and 2007. We analyzed the trend of inflation and exchange rate in the last 38 years by evaluating the relationship between government expenditure, money supply, Oil revenue, exchange rate and inflation as the dependent variables. We adopted the Augmented Dickey- Fuller to carry out the unit root test and co integration with Johansen test.

    Our result shows that the individual variables are integrated order one, that is a unit root exist. This means that each variable tends to follow a random walk. On the other hand, inflation rate, exchange rate, oil revenue, government spending and money supply are co integrated. This revealed a strong relationship among the variables though inflation rate and exchange rate show no long term relationship, but short term relationship seems to exist between them.

  • 23.
    Olguin Alvarez, Erik
    et al.
    Högskolan i Skövde, Institutionen för teknik och samhälle.
    Sabah, Fred
    Högskolan i Skövde, Institutionen för teknik och samhälle.
    The influence of financial markets and institutions on the economical growth. (The interest rate spread) Chile and Taiwan2008Självständigt arbete på grundnivå (kandidatexamen), 10 poäng / 15 hpStudentuppsats
    Abstract [en]

    The purpose of this thesis is to examine the role of financial markets and institutions on the economical growth of a developing country. The IRS (interest rate spread) is used as the main tool, to examine Chile and Taiwan regarding their economical growth between 1988 and 2007. The reason Taiwan and Chile have been chosen is due to vast differences in the geographical location, and even divergence in political and economical system of these countries.

    The research method that has been chosen for this thesis is a quantitative method. The economic theory is mainly based on secondary data. The method of data presentation and analysis are manly descriptive even though the layout of the thesis is more of an explanation research. The carculations are made with the statictical computer program SPSS. The results of the study are expressed mathematically and in sets of tables. In order to determinate the correlation between IRS and macroeconomic factors and the correlation between IRS and Economy growth, the magnitude and trend of the IRS is analysed from 1988 to 2007. To test the hypothesis, the OLS regression and panel data model is used.

    The theoretical part is the base of the empirical part. The theoretical part is needed in order to understand and later on analyze the results from research on Chile and Taiwan. Different aspects of economical growth are defined to make it easier to understand and follow the thesis thoroughly. The financial markets and institutions are discussed very shortly. To understand the growth theory, Solow growth model is discussed, which is one of the most important models concerning the economical growth.

    The empirical part of the thesis is dealing with the test of IRS against some macro economical factors such as; costumer price index (CPI), Exchange Rate (EX), Export Volume (EXP) and Money Supply (MO) of two different countries; Taiwan and Chile. The study provides evidence of the correlation between interest rate spread and the macroeconomical factors. The result shows that the correlation between interest rate spread and the macroeconomics factors vary from country to country. This mainly depends on the difference in political situation, the different economic and political policies of various goverments, the high inflation rates and the market structure of the countries. The value of the coefficients gives the magnitude of adjustment in the event that the systems move out of equilibrium. It also provides some evidence that there is a significant relationship between interst rate spread and economical growth. The test results show clearly that in order to gain a sustainable development and economical growth the financial markets must perform well.

  • 24.
    Olsson, Michael
    Högskolan i Skövde, Institutionen för handel och företagande. Högskolan i Skövde, Forskningsspecialiseringen Framtidens Företagande.
    Functional regions in gravity models and accessibility measures2016Ingår i: Moravian Geographical Reports, ISSN 1210-8812, Vol. 24, nr 2, s. 60-70, artikel-id 011Artikel i tidskrift (Refereegranskat)
    Abstract [en]

    Accessibility measures are useful for studies in Economic Geography. For example, accessibility to potential customers can be used in a study of firm behaviour. In such a study, it would be relevant to consider where potential customers live. This can be accomplished by splitting the accessibility measure into three parts: accessibility within the municipality, in other municipalities within the functional region, and in other regions. Many studies have proved this to be a very useful way to incorporate the spatial structure of the economy into economic studies. This paper deals with the issue of finding the distance-friction parameters needed to calculate such accessibility measures. There is a particular distance-friction parameter for interaction within the municipality, between municipalities within the functional region, and between regions. One way to find the distance-friction parameters is to solve a constrained gravity model, in which the functional regions are used as constraints. Both the models and the optimisation procedures in matrix form, and the Matlab programs used in the research are presented. The spatial constraints are gradually introduced into the models, which empowers the researcher to make such adjustments on their own. The data set used is available for downloading, and the reader can then try the models before creating a data set of their own

  • 25.
    Olsson, Michael
    Högskolan i Skövde, Institutionen för teknik och samhälle.
    Matching in the labour market: modelling spatial aspects of the Swedish unemployment benefit rules2009Ingår i: The annals of regional science, ISSN 0570-1864, E-ISSN 1432-0592, Vol. 43, nr 2, s. 345-363Artikel i tidskrift (Refereegranskat)
    Abstract [en]

    In this paper, some consequences of the Swedish unemployment benefit rules are studied. This is achieved by introducing geographical mobility into a labour market matching model. Jobseekers and vacancies are unevenly distributed across space. Therefore, both the probability that a jobseeker will find a job and the probability that a vacancy is filled during a period vary across locations. Moreover, these differences are followed by spatial differences in both the duration of unemployment and vacancy times. It is shown that the potential of geographical mobility to increase the number of matches is limited in a labour market with few or many vacancies per jobseeker. In these labour markets, mobility mostly affects which jobseekers find a job during a period. In a relatively better balanced labour market, the number of matches could be increased by additional mobility.

  • 26.
    Olsson, Michael
    Högskolan i Skövde, Institutionen för teknik och samhälle.
    Unemployment insurance and the flow of knowledge2008Ingår i: Uddevalla Symposium Tenth Anniversary 2007: Institutions for Knowledge Generation and Knowledge Flows - Building Innovative Capabilities for Regions, University west , 2008, s. 609-618Konferensbidrag (Refereegranskat)
  • 27.
    Olsson, Michael
    et al.
    Högskolan i Skövde, Institutionen för teknik och samhälle.
    Andersson, Martin
    Högskolan i Skövde, Institutionen för teknik och samhälle.
    Modelling International Trade: A study of the EU Common Market and Transport Economies2008Ingår i: Mölle 2008, The Tenth Annual SNEE European Integration Conference, SNEE , 2008, s. 11 sidor-Konferensbidrag (Refereegranskat)
    Abstract [en]

    In this paper, Swedish export is investigated, and data for export value and the number of firms that export is analysed. The main purpose is to compare constrained gravity models to gravity models without constraints. It is shown that constrained gravity models represent the export data in a relatively better way. The EU common market and transport economies are introduced into versions of the constrained gravity model, and the results show that the model fits the data even better.

  • 28.
    Orhun, Eda
    et al.
    Högskolan i Skövde, Institutionen för teknik och samhälle.
    Grubjesic, Blanka
    Högskolan i Skövde, Institutionen för teknik och samhälle.
    Value at Risk (VaR) Method: An Application for Swedish National Pension Funds (AP1, AP2, AP3) by Using Parametric Model2007Självständigt arbete på avancerad nivå (magisterexamen), 20 poäng / 30 hpStudentuppsats
    Abstract [en]

    Value at Risk (VaR) approach has been extensively used by investment and commercial banks since its development by JP Morgan in 1990s. As time passes, it has become interesting to investigate whether VaR could be used also by other financial intermediaries like pension funds and insurance companies. The aim of this paper is to outline Value at Risk (VaR) methodology by giving more emphasis on parametric approach which is used for empirical section and to investigate the applicability and usefulness of VaR in pension funds. After providing theoretical framework for VaR approach, the paper continues with pension fund systems in general and especially highlights AP funds of Swedish National pension fund system by trying to show why VaR could be an invaluable risk management tool for these funds together with other traditional risk measures used. Based on this given theoretical frame, a practical application of VaR –parametric or covariance/variance method- is executed on 50 biggest investments in the fixed income and equity portfolios of three selected Swedish national pension funds – AP1, AP2 and AP3. Results of one day VaR (DEAR) estimations on 30/12/2005 for each fund have been presented and it is aimed to show the additional information that could be obtained by using VaR and which is not always apparent from other risk measures employed by funds. According to the two traditional risk measures which are active risk and Sharpe ratio; AP2 and AP3 lie in the same risk level for 2005 which can create a contradiction by considering their different returns. On the other hand, obtained DEAR estimates show their different risk exposures even with the 50 biggest investments employed. The results give a matching relationship between return of funds and DEAR estimates meaning that; the fund with the highest return has the highest DEAR value and the fund with the lowest return has the lowest DEAR value; which is consistent with the main rule- “higher risk, higher return”. Thus, we can conclude that VaR could be applied additionally to get a better picture about real risk exposures and also to get valuable information on expected possible loss together with other traditional risk measures used.

    Key words: Value at Risk, DEAR, Pension funds, Risk management, Swedish pension plan, AP1, AP2, AP3

  • 29.
    Sapkota, Narayan
    et al.
    Högskolan i Skövde, Institutionen för teknik och samhälle.
    Khatri, Suman
    Högskolan i Skövde, Institutionen för teknik och samhälle.
    Aryal, Rabi
    Högskolan i Skövde, Institutionen för teknik och samhälle.
    Financial Institutions and Economic Growth: The case of Nepal2008Självständigt arbete på avancerad nivå (magisterexamen), 10 poäng / 15 hpStudentuppsats (Examensarbete)
    Abstract [en]

    Financial Institutions have been regarded to be the core area of economic development. However, Nepal could not achieve satisfactory level of economic development and growth due to Maoists war (1996-2006) and the political instability. The increase in size and number of commercial banks are limited only in the urban areas so that banking services are not accessible to the general public.

    This paper examines interaction between financial development and economic growth in Nepal employing correlation analysis, regression analysis, financial ratios and other related theories.

    As we found that financial institutions have grown rapidly which has implication in overall economy of the nation. The economic indicators such as GDP, GDP per capita, loan assets of commercial banks, investment, deposit, number of commercial banks, and inflation rate from fiscal year 2001 to 2007 are used for the analysis of this study.

    The relevant ratios of commercial banks such as deposit, investment, and profitability are found to be in increasing trend. The growth rate of GDP/capita is however volatile in the study period, the regression result of Deposit/GDP is weakly significant under the study period {(0,06)*}. The investment growth rate is not significant at all possibly due to the time lag of the effect of investment on the economic development.

    Furthermore, correlation between Growth rate of GDP and deposit/GDP (ρ=0.49). The Growth rate of GDP and investment over GDP is positive related with a correlation coefficient of 0.82. This has confirmed our beliefs in the set out of the thesis.

  • 30.
    Sarajlic, Dijana
    et al.
    Högskolan i Skövde, Institutionen för teknik och samhälle.
    Bjuke, Emelie
    Högskolan i Skövde, Institutionen för teknik och samhälle.
    Vilka möjliga faktorer ligger bakom individernas varierande pensionsålder?2007Självständigt arbete på grundnivå (kandidatexamen), 20 poäng / 30 hpStudentuppsats
    Abstract [en]

    Fewer and fewer people from the age of 60 and upward are still in the working life according to a working survey from Central Bureau of Statistics. Only one of twenty can consider retiring after an age of 65. According to another survey that National Insurance Administration put through year 2000, just about 40 % of the working population desires to finish working before an age of 65. This trend towards lower seceding age seems to continue. There are number of factors that seem for lower retirement age and others for a higher retirement age that we prove in our study. One regression analysis applies to prove some contingent relations between these factors, such as: gender, education, blue or white collar worker, previously monthly earnings, years of working, marital status, and also variety of working environment such as: hectic, uncomfortable and noisy. This survey is also using a probitanalysis to see if there is a difference in the result from the regressionanalysis. The study is limited on variables because HUS-database is a small database and lacks some of the desired test variables. Regression results indicates both significant and none significant relations. The study started with 12 test variables and 214 individuals but only 5 of them variables proved some relations with the retirement age. The final regression model declares 45 % of the changes in retirement age. The sample has limited us slightly but it gives us how ever one miniature reality picture. The probitanalysis didn’t give us a right miniature reality picture because used data didn’t fit probit.

  • 31.
    Schuller, Bernd-Joachim
    Högskolan i Skövde, Institutionen för teknik och samhälle.
    Globalization and competitiveness of nations: The Baltic States2008Ingår i: Proceedings from the International Scientific Conference: Economics and Management, Kaunas University of Technology, Faculty of Economics & Management , 2008, s. 673-678Konferensbidrag (Refereegranskat)
  • 32.
    Schuller, Bernd-Joachim
    et al.
    Högskolan i Skövde, Institutionen för teknik och samhälle.
    Lidbom, Marie
    Competitiveness of Nations in the Global Economy. Is Europe Internationally Competitive?2009Ingår i: The International Scientific Conference - Economics and Management 2009, Kaunas University of Technology , 2009, s. 934-939Konferensbidrag (Refereegranskat)
    Abstract [en]

    The Lisbon Agenda from 2000 aims to make the European Union the most competitive economy in the world in 2010. This paper discusses the concept of international competitiveness of nations. While journalists and politicians believe that it is important for a country to be competitive, economist have often a different opinion. The World Economic Forum (WEF) presents two indices: the Global Competitiveness Index (GCI) and the Business Competitiveness Index (BCI). While Europe and the EU on average seem to be not very competitive, several of the European countries are internationally highly ranked. For the WEF a consequence of competitiveness is high standard of living. The paper shows that several of the European countries belong to the ones with the highest living standard in the world. In the sample, 40 European and 4 non-european countries are included. Finally, it could be shown that the correlation coefficients between the rankings of GCI, BCI and living standards are high and positive.

  • 33.
    Schuller, Bernd-Joachim
    et al.
    Högskolan i Skövde, Institutionen för teknik och samhälle.
    Lidbom, Marie
    The Enlargement of the EU since 2000 - Economic Aspects and Challanges2009Ingår i: The 11th Annual SNEE European Integration Conference: European Integration in Swedish Economic Research, SNEE , 2009Konferensbidrag (Refereegranskat)
    Abstract [en]

    To become a member of the European Union, certain conditions have to be fulfilled. First of all, a country has to apply for membership. Furthermore, the country must geographically be situated in Europe, though there is some space of discussion (Cyprus, Turkey, and some territories and countries outside Europe). Finally the country has to meet the Copenhagen criteria (stability of institutions, functioning market economy, ability to take on the obligations of membership). Since 2004, new members of the EU even have to join the Economic and Monetary Union, when they fulfil the Maastricht criteria (low inflation and long-run interest rates, low public deficits and debts, stable exchange rates and independent national central bank). The purpose of this paper is to investigate some economic aspects and challenges of the enlargement of the EU since 2000. Even possible future enlargements will be discussed. Among the economic aspects the size, internationalisation and globalisation will be discussed mostly in macroeconomic terms. Furthermore, the question of Europe's international competitiveness and the Lisbon agenda from 2000 will be treated. The time perspective regarding the economic development in the past is approximately the years from 2000 to 2007, i.e. the actual development in 2008 and 2009 will not be dealt with. Finally, the question will be asked, whether past and future enlargements lead to a stronger or weaker European Union

  • 34.
    Stein, Christine
    Högskolan i Skövde, Institutionen för teknik och samhälle.
    The Renminbi Challenge: Is a Revaluation of the Chinese Currency a Wise Step Forward?2007Självständigt arbete på avancerad nivå (magisterexamen), 10 poäng / 15 hpStudentuppsats
    Abstract [en]

    The aim of this paper is to investigate if a revaluation of the Chinese renminbi is in China’s interest and whether or not a renminbi revaluation can contribute to correct the US current account deficit. For that purpose, advantages and disadvantages of a revaluation for China are discussed. Furthermore, the fundamental causes of the US current account deficit are analysed to evaluate to what extent a renminbi revaluation can correct this imbalance. The discussion is based on previous research in this area. The main result is that a revaluation of the Chinese renminbi is primarily beneficial for China. Additionally it is found that the fundamental causes of the US current account deficit are domestic macroeconomic conditions and not China’s exchange rate policy. Nevertheless, a renminbi revaluation can help to support to correct the imbalance situation. As evidence is found that a revaluation is beneficial for China, it is further analysed how the revaluation should be practically obtained. The basic result is that the renminbi revaluation should be initiated by more exchange rate flexibility rather than by a one-step appreciation.

  • 35.
    Takang, Felix Achou
    et al.
    Högskolan i Skövde, Institutionen för teknik och samhälle.
    Ntui, Claudine Tenguh
    Högskolan i Skövde, Institutionen för teknik och samhälle.
    Bank performance and credit risk management2008Självständigt arbete på avancerad nivå (magisterexamen), 10 poäng / 15 hpStudentuppsats
    Abstract [en]

    Banking is topic, practice, business or profession almost as old as the very existence of man, but literarily it can be rooted deep back the days of the Renaissance (by the Florentine Bankers). It has sprouted from the very primitive Stone-age banking, through the Victorian-age to the technology-driven Google-age banking, encompassing automatic teller machines (ATMs), credit and debit cards, correspondent and internet banking. Credit risk has always been a vicinity of concern not only to bankers but to all in the business world because the risks of a trading partner not fulfilling his obligations in full on due date can seriously jeopardize the affaires of the other partner.

    The axle of this study is to have a clearer picture of how banks manage their credit risk. In this light, the study in its first section gives a background to the study and the second part is a detailed literature review on banking and credit risk management tools and assessment models. The third part of this study is on hypothesis testing and use is made of a simple regression model. This leads us to conclude in the last section that banks with good credit risk management policies have a lower loan default rate and relatively higher interest income.

  • 36.
    Tchape Tchapi, Pierre Douglas
    et al.
    Högskolan i Skövde, Institutionen för teknik och samhälle.
    Rosenfeld, Elina
    Högskolan i Skövde, Institutionen för teknik och samhälle.
    Environmental Concerns and Banking Sector in Sweden2008Självständigt arbete på avancerad nivå (magisterexamen), 10 poäng / 15 hpStudentuppsats
    Abstract [en]

    This study concentrates on two questions – “Should banks take environmental concerns?”and “What is the attitude of Swedish banks towards sustainability?” The theory related to environmental concerns in the financial sector is presented and further on the empirical data

    describing the situation within the Swedish banking sector is discussed. The empirical data was collected with the aid of a semi-structured interview and offers a real-life example of actions and attitudes of two case banks in Sweden – SEB and Handelsbanken. The aim of this paper is not restricted to presenting and discussing the collected theoretical and empirical data but also to involve the reader in the environmental way of thinking. This text is based on

    the idea that banks are liable for the indirect impact on the environment and need to acknowledge that some borrowers involve in environmentally harmful businesses. The research method used for this study is of a qualitative nature, more precisely it is an exploratory research which aims to explain. The semi-structured interview used to study the attitudes of the chosen Swedish case banks, was composed of two types of questions – closed- and open-ended. Special characteristics of a semi-structured interview are the prompts and probes in its structure. These are the approaches to guide the respondent to reach broader coverage and greater depth in his/her answers.

    Through the interview results, it became evident that the environmental issues have gained certain visibility within the Swedish banking sector. The given answers pointed towards the impression that maintaining a sound corporate image is the prior concern of a bank and

    indicated that banking sector in Sweden undergoes external pressure to pursue environmentally friendly activities. It is clear that banks play a major role by financing the continuous damage to our planet, and it is comforting to know the banking sector is undergoing the pressure of becoming more involved in sustainable development. The

    conclusions and the empirical evidence presented in this study are hoped to give a simplified view on environmental concerns within banking sector.

  • 37.
    Wang, Zhiyuan
    Högskolan i Skövde, Institutionen för teknik och samhälle.
    Study the relationship between real exchange rate and interest rate differential – United States and Sweden2007Självständigt arbete på avancerad nivå (magisterexamen), 10 poäng / 15 hpStudentuppsats
    Abstract [en]

    This paper uses co-integration method and error-correction model to re-examine the relationship between real exchange rate and expected interest rate differentials, including cumulated current account balance, over floating exchange rate periods. As indicated by the dynamic model, I find that there is a long run relationship among the variables using Johansen co-integration method. Final conclusion is that the empirical evidence is provided to show that our error-correction model leads to a good real exchange rate forecast.

  • 38.
    Wickerath, Susanne
    Högskolan i Skövde, Institutionen för teknik och samhälle.
    Definitions of an intangible asset: in context with HGB, IFRS and US-GAAP2008Självständigt arbete på grundnivå (kandidatexamen), 15 poäng / 22,5 hpStudentuppsats
    Abstract [en]

     

     

    This Bachelor thesis deals with the definition of Intangible Assets in the context of

    financial reporting. The purpose is to integrate intangible assets into the balance

    sheet. After a thorough analysis of the ongoing research shows that there is general

    consensus concerning intellectual property, and general confusion concerning

    knowledge, information and organization capital. Some have what it takes to enter

    balance sheets, while others still lack a holistic concept that is generally accepted

    and fulfils the demand of accounting. Neither of them is reported according to the

    presently available and established knowledge. This thesis shows that a prerequisite

    for an improved reporting is the consequential extension of accounting principles for

    intangible assets. The fact that the term “intangible asset” became a gathering of all

    possible intangible phenomena demands counter-actions. One of its reasons is the

    demand for the measurement of relative performances of intangible assets. This

    thesis shows that reporting absolute figures for intangible assets does not stand in

    contrast with this, but can deliver the necessary data set for a holistic analysis that

    also deals with intangible assets.

     

     

  • 39.
    Xiao, Shengting
    et al.
    Högskolan i Skövde, Institutionen för teknik och samhälle.
    Zhang, Jingyu
    Högskolan i Skövde, Institutionen för teknik och samhälle.
    Research on Agricultural Insurance Modes in China2007Självständigt arbete på avancerad nivå (magisterexamen), 10 poäng / 15 hpStudentuppsats
    Abstract [en]

    The agriculture is the basic industry of national economy, and as it has the characteristic of feebleness, its development requires the safeguard and support of many kinds of mechanisms. The agricultural insurance has a great significance for avoiding the risk during agricultural production and promoting the rural economy. But at present the demand and supplies of the agricultural insurance are both dispirited, and the status quo of development is not very atisfactory in China. Therefore, develop Chinese agricultural insurance is significant and urgent all the time.

    Although Chinese government has done a lot of innovations and experiments in some places, the agricultural insurance market is still dead-alive in China. This thesis constructs the research from the point of the present situation of the agricultural insurance, studies and compares the data of agricultural insurance modes in Shanghai, Xinjiang and Heilongjiang in the way of using the real diagnosis, thus to propose the new viewpoint on the mode of the agricultural insurance’s present stage which is used to anticipate the future of the agricultural insurance in the end.

  • 40.
    Yue, Xiabin
    et al.
    Högskolan i Skövde, Institutionen för teknik och samhälle.
    Xing, Bo
    Högskolan i Skövde, Institutionen för teknik och samhälle.
    The impact of R&D intensity on the volatility of stock price: A study of the Swedish Market during year 1997-20052007Självständigt arbete på avancerad nivå (magisterexamen), 10 poäng / 15 hpStudentuppsats
    Abstract [en]

    This thesis investigates the theoretical and empirical relationships between a firm’s R&D investment intensity and the systematic risk of its common stock in Sweden. This is done by examining 38 Swedish firms between 1997 and 2005. An overlapping set of 5-year window is chosen to apply to calculate the variables of the samples.

    In this thesis, three factors are introduced as a proxy of main constituents of systematic risk: intrinsic business risk, degree of financial leverage and degree of operating leverage. And we use these three constituents to analysis the relationship between R&D investment and systematic risk.

    The results from Monte Carlos simulations and correlation analysis of our sample show that, in Sweden, firms with higher R&D intensity do face higher stock price volatility in the stock market. At the same time, we attempt to test the relationship among R&D and systematic risk’s three constituents, but find that R&D intensive firms have more financial leverage which is opposite to our expect, which might due to the shortage of data and limitation of our sample selection, and R&D intensive firms do not have obvious relations directly with intrinsic business risk, degree of financial leverage or degree of operating leverage.

  • 41.
    Zhang, Qiongyan
    Högskolan i Skövde, Institutionen för teknik och samhälle.
    The Consumption Function of Luxury Goods2009Självständigt arbete på avancerad nivå (magisterexamen), 10 poäng / 15 hpStudentuppsats (Examensarbete)
    Abstract [en]

    The goal of this thesis will be to formulate an economic model that exposes the relationship between consumption of luxury goods and selected factors which includes advertising, disposable income, interest rate, price index and stock premium.

    By building the Multiple Linear Regressions model to formulate the consumption function and using the Ordinary Least Squares (OLS) as the method, it becomes apparent that advertising, disposable income and the previous quarter´s disposable income are the major variables to affect luxury good consumption, of all the factors. Furthermore, the previous quarter´s disposable income has a slightly higher effect than the current one on luxury consumption. Similar studies, which focus on luxury items, have proposed models that test a single or a few variables at a time, and others that concentrate on durable goods have a wide range of variables to examine. I attempt to combine both in my model to test luxury consumption with a wide range of variables.

  • 42.
    Åhnborg Petrushenko, Diana
    Högskolan i Skövde.
    Vilka makroekonomiska faktorer styr köp av kapitalvaror?: en teoretisk och empirisk studie av faktorer som påverkar hushållens val av nybilsinköp.2008Självständigt arbete på grundnivå (kandidatexamen), 10 poäng / 15 hpStudentuppsats
    Abstract [en]

    I detta projektarbete kommer följande att behandlas;

    Efter en definition och begreppsförklarande inledande del presenteras en teoretisk genomgång av konsumtionsteori med en mer specifik vinkling mot teorier om kapitalvaror. Därefter kommer en empirisk studie där faktorer som behandlats i teoridelen tas upp som beroendevariabler för efterfrågan på kapitalvaran bil. Slutsatserna som dras är att räntenivån påverkar bilinköp mest, troligen för att kreditkostnaderna utgör en allt större del av hushållens disponibla inkomster. Dessutom bekräftas det att inkomsten fluktuerar mer än konsumtionen och detta gäller också för hushållens konsumtion av nya bilar.

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