Search results for "BE 501"
showing 10 items of 351 documents
True performance of market timing with simple moving average
2014
Masteroppgave i økonomi og administrasjon – Universitetet i Agder 2014 In this paper we investigate the performance of the market timing strategy basedon Simple Moving Average (SMA), looking at its performance when tested both inand out-of-sample. We examine whether or not its popularity is a result of theinherent flaws of in-sample testing or if its based on actual superiority. We find thatthe SMA strategy outperforms the market only when tested in-sample, and thatthere are too many uncertain factors to be able to conclude that it is effective whentested out-of-sample. As such, we do not find evidence of the SMA strategyconflicting with the efficient market hypothesis.
Corporate social responsibility in the supply chain : an assessment of Norwegian textile companies' motivation, use of standards and external services
2013
Masteroppgave i økonomi og administrasjon - Universitetet i Agder 200 Corporate social responsibility (CSR) has since the last 60 years developed and increased its importance within companies. Within companies CSR can be used as a strategy. The literature of CSR is limited but existing theories have different viewpoints of CSR and how it should be used by companies in business. Today companies’ motivation and use of different standards related to CSR is an important and much debated theme in media and organizations. This thesis discovers how different companies within the clothing industry are motivated for their CSR and what kind of standards they have implemented. In this study case studi…
Website localization towards the Norwegian market : an analysis of American firm´s websites
2011
Masteroppgave i økonomi og administrasjon - Universitetet i Agder 2011 - Masteroppgave i informasjonssystemer- Universitetet i Agder 2011 This study is the first involving international firms and the localization of firms' websites for a Norwegian audience. In order to give the reader a better understanding of the topic, we first conducted a literature review where we identified five key themes related to website localization: standardization versus localization, localization website design characteristics, website localization measurement and cultural depictions in websites. The research method used in this thesis is a quantitative analysis of data collected via the content analysis of web…
Developing a supplier performance analysis model : case study: Aker MH supplier performance
2012
Masteroppgave i økonomi og administrasjon - Universitetet i Agder 2012 This master thesis focuses on the use Data Envelopment Analysis (DEA) for measuring supplier performance. Goal of the study is to apply a mathematical model for supplier performance measurement which would be able to handle multi-criteria. To test the model in practice, cooperation was established with case study firm (Aker Maritime Hydraulics), which is providing drilling engineering solutions to Oil & Gas industry. Proposing the model for measuring performance of existing suppliers not only demonstrates how DEA can be applied, but also sets the grounds for supplier performance improvement process in a case study firm. …
Corporate governance and determinants that explain CEO compensation in Indonesia
2011
Masteroppgave i økonomi og administrasjon - Universitetet i Agder 2011 This thesis examines determinants that can help explain CEO remuneration in an Asian emerging market, focusing on Indonesia. Our sample consists of 46 Indonesian stock listed companies, and we use data from recently expanded rules on disclosure to analyze the level and structure of compensation for the CEO - domestically known as the president director. Looking at corporate governance arrangements, firm performance, and CEO characteristics, our empirical evidence reveals a significant positive relationship between firm size and CEO pay. No further significant relationships are found between CEO compensation and our remai…
Determinants of CEO compensation in Pakistan from 2007 to 2009
2010
Masteroppgave i økonomi og administrasjon - Universitetet i Agder 2010 Most studies of the determinants of executive compensation are based on the experience of developed countries. This paper examines the relationship between firm size, firm performance and board composition on CEO compensation, in the context of an emerging and developing economy of Pakistan. Data for 83 listed firms from Lahore stock exchange, Pakistan has been used for 2007 to 2009. The findings show that firm size is one of the major determining factors of CEO compensation rather than performance. A family recruited CEO has a negative and significant effect upon the CEO compensation. In this study we also look at a num…
The impact of job satisfaction on perceived desirability of leaving : a study in cable manufacturing organizations in Sri Lanka
2011
Masteroppgave i økonomi og administrasjon - Universitetet i Agder 2011 The job satisfaction level is a key determinant for the employees’ leaving or retention decisions. The satisfied employees have a tendency to stay in the organization while the dissatisfied employees have a greater tendency to leave the organization. The research study on impact of job satisfaction on perceived desirability of leaving was conducted by selecting the executive level employees in cable manufacturing industry in Sri Lanka. The main objective of this study was to examine the impact of job satisfaction on perceived desirability of leaving. This was split into three sub objectives as; to examine the type of rel…
The Black-Litterman model
2013
Masteroppgave i økonomi og administrasjon - Universitetet i Agder 2013 The Markowitz model has two problematic tendencies; unintuitive portfolios and portfolios with high transaction costs. The Black-Litterman model was made as an improvement of the Markowitz model. It uses a Bayesian approach to combine the views of the investor with the equilibrium portfolio. The main purpose of the model is to create intuitive portfolios and limit the transaction costs. With the computer power available today, the implementation of mathematical models are an important issue. Using the programming language R, I will in this thesis look at possible ways of implementing the Black-Litterman model. Todays inv…
The performance of Value-at-Risk models on the OBX index
2013
Masteroppgave i økonomi og administrasjon - Universitetet i Agder 2013 The measuring of risk has become one of the main fields in finance during the last two decades. Value-at-Risk (VaR) has become one of the most important risk measures and is widely used for numerous applications. This thesis compares different approaches to VaR based on traditional methods such as Historical Simulation, Moving Average and Exponentially Weighted Moving Average as well as advanced approaches based on GARCH models. Comparison is done on the OBX index return data, which is the main benchmark index on the Oslo Stock Exchange. The performance of the different VaR models is evaluated with out of sample backtest…
Work rhythm, flow and success in a project : a case study research
2013
Masteroppgave i økonomi og administrasjon - Universitetet i Agder 2013 Organisations and individuals are shaped and influenced by their environment and interaction with others in a conscious or unconscious manner. Due to increased competitiveness, organisations need to be aware of elements in their environment and how these can affect operations and outcomes. Rhythms in organisations and the employee’s work rhythms are considered to influence flow and the achieved level of success in organisations. This thesis aims to investigate factors setting the work rhythms for organisations and individuals, and to study whether work rhythms influence flow and level of success. Our research question wa…