Search results for "VDP::Social science: 200::Economics: 210"
showing 10 items of 469 documents
Trade, financial openness and dual banking economies: Evidence from GCC Region
2021
Abstract The recent wave of liberalization in Gulf Cooperation Council (GCC) countries has opened up a debate on the role of Islamic finance in the financial development of an economy. Using a comprehensive dataset of 43 Islamic and 49 conventional banks for the period 2007–2015, in this paper, we investigate the impact of trade and financial openness on financial development in the GCC region. We find that trade and financial openness have a positive effect on the profitability of both banking systems, while the interaction term of openness is negative for the profitability of Islamic banks. Moreover, trade and financial openness affect Islamic banks differently than conventional banks. No…
The economic impact of future increase in tropical cyclones in Japan
2009
Published version of an article from the journal:Natural Hazards. Also available from SpringerLink: http://dx.doi.org/10.1007/s11069-010-9522-9 This article estimates the non-first-order economic loss in Japan due to a future increase in tropical cyclones. One possible effect of global warming could be the increase in intensity of tropical cyclones. Using historical storm tracks between the years 1978 and 2007 and altering their intensities due to this potential increase in their intensity, this paper calculates the future potential regional GDP loss in a certain area that is affected by tropical cyclones. Most of the literature is concerned with physical damage and the loss of lives due to…
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 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…
Hvilke faktorer har påvirket boligprisutviklingen i Norge i perioden 1967-2012?
2014
Masteroppgave i økonomi og administrasjon – Universitetet i Agder 2014 Hensikten med denne oppgaven var å se på hvilke faktorer som har påvirket boligprisutviklingen i perioden 1967-2012. Vi har funnet åtte ulike faktorer som vi antar kan ha vært med på å påvirke prisen. Oppgaven baserer seg på generell etterspørselsteori, boligmarkedets virkemåte og den historiske utviklingen til boligprisen. På bakgrunn av teorien ble det fremstilt åtte ulikehypoteser. Hvor hver av hypotesene tar for seg en variabel. Med utgangspunkt i denne teorien har vi utledet ulike regresjonsmodeller. Vi gjennomførte deulike regresjonsanalysene hvor vi fant ut at den dobbellogaritmiske regresjonen passet best for vår…
En eksplorativ undersøkelse av realopsjoner i eiendoms- og byggeprosjekter
2013
Masteroppgave i økonomi og administrasjon - Universitetet i Agder 2013 Temaet for masteroppgaven er realopsjoner i eiendoms- og byggebransjen. Realopsjoner er en rett, men ingen plikt til å utsette, ekspandere og skrinlegge et prosjekt. Poenget med realopsjoner er å verdsette fleksibilitet som kan implementeres i prosjektet. En tradisjonell nåverdimodell, som i dag er den mest vanlige metoden for å verdsette prosjekter, kan ikke verdsette denne fleksibiliteten. Det foreligger lite litteraturen om realopsjoner innen byggebransjen, så oppgaven er i den forstand en eksplorativ undersøkelse av mulighetene som foreligger for en større bruk av realopsjoner inne eiendoms- og byggebransjen. Kapitel…
Kildesortering i NorgesGruppen - KING II - en studie av implementeringen : kommunikasjon og ledelsesutfordringer i store organisasjoner
2013
Masteroppgave i økonomi og administrasjon - Universitetet i Agder 2013 2018-07-01