Magic Formula gav på den nordiska marknaden under 15 år en årlig avkastning på 25,81%, jämfört med 30,8% på den amerikanska marknaden. Vår modifierade formel gav en avkastning på 21,9%. Testerna mot CAPM stärker tron på EMHs existens i en svag form

OMX spreads decline from 2001-2006. The average volume and average number of trades / trading frequency increases over this period, whereas the average trade size decreases consistent with greater retail investor activity. Macroeconomic factors such as interest rates, inflation rate and GDP rate do not seem to affect changes in the spreads.

Syftet med detta arbete är att öka kunskapen om huruvida verksamheter behandlar outsourcing av aktiviteter i ekonomi- och redovisningsfunktionen på strategiskt nivå, operativt eller inte alls tar aktiv ställning i frågan. 6 fallverksamheter har valts ut som relevant intervall för att genomföra semistrukturerade intervjuer. Vid intervjuerna har ekonomichefer för respektive verksamhet svarat såsom r

Purpose The purpose of this thesis is to describe and analyze the possibilities for China to create a socio-economic environment whereby the domestic accounting firms can compete with and even challenge the ¡®Big Four¡¯ accounting firms in Chinese auditing market. Methodology The development of Chinese domestic accounting firms is reviewed and analyzed from macro and micro aspects including politi

Syftet med denna uppsats är att utreda om det finns ett samband mellan redovisningskvalité och starkt respektive svagt familjeägande. Eftersom det krävs mer forskning inom området så blir vårt syfte med uppsatsen att bidra till att öka förståelsen kring redovisningskvalité och hur denna påverkas av olika faktorer. Huvudfokus i teorikapitlet ligger på att definiera redovisningskvalité med hjälp av

The aim of this study is to investigate empirically the comparative stability of Islamic and Conventional banks for years 2005-08 to find out which one of them is more stable. We have taken accounting data from 8 countries for 66 banks out of which 26 Islamic and 40 Conventional ones. We performed our quantitative analysis by employing two dependent stability (risk) proxies, four bank level and th

Vårt syfte är att undersöka hur granskningen av hållbarhetsredovisningen ser ut i Sverige idag för att ta reda på varför så få hållbarhetsredovisningar är bestyrkta. Med utgångspunkt i detta önskar vi diskutera hur utvecklingen kan komma att te sig framöver och vilka intressen som ligger bakom eventuella förändringar. Anledningen till varför så få hållbarhetsredovisningar i Sverige är bestyrkta ha

The purpose of the paper is twofold. One is the micro contribution of the accomplishment of identities in situations of complex sales through a constructionist view of the world and the terminology of OI. This will be an attempt to contribute to the research into the formation of identities. To the B2B research field the intended contribution is to gain understanding of how the individuals involve

In this study we seek to examine whether the Swedish firms on SSE with a cross-listing in London or New York exhibit any differences in volatility and liquidity after the listing date. Based on this, we further make an inference regarding the presence of integration between these markets. When examining volatility and liquidity individually, we find no general change in the former but we find a ge

our study purpose is about how to develop a model from Balanced Scorecard to Strategy Map, we chosen Ericsson as our case study. we start with the research of the Ericsson's BSC, then find the problems which existing in BSC. Ana then built the Strategy map from these problems, use the advantages of the Strategy Map to complement BSC.

Problem background: The past few years, banks have gone from only being lenders and borrowers of money to also cover a broad portfolio of offers to customers. Banks today supply their customers with several investment alternatives for the savings capital. It is a fierce competition at the financial market and the employees must continuously keep up to date with all the new information and knowledg

Purpose: We are trying to focus on the modes and processes of accounting standard setting in China in this thesis. By comparative studies with Japanese and French accounting systems, suggestions will be provided to improve Chinese accounting standard setting process. Methodology: The methodologies we used in this thesis are mainly abduction and case studies. The primary data are coming from the of

The research brings the following conclusions: knowledge sharing plays essential role in communicating the need for organizational change; employees need time to identify themselves with the change aspect to become more customer-oriented. Some of the reasons for current discrepancies in Wind lie within unstructured and inconsistent communication, rapidly changing business environment, triggers cre

The paper deals with the influence of the exposition of the sky (expressed by means of a so called sky view factor) on the air temperature in different levels above streets in the city of Malmö, Sweden. It also describes a method of calculating the sky view factor.

In this paper the different factors that are of importance for the iceconditions in the southern part of the Sound are discussed. The factors are: the air temperature, the water temperature, the wind, the current, the salinity, the coastlines and the quantity of ice in the southwestern part of the Baltic Sea. The wind and the current have an influence on the iceconditions, and this is studied more

This paper is a documentation of the storm and the inundation that hit the Murcia-Alicante regions, southeast Spain, in November 1987. It is also a description of the Murcia region from a geographical point of view. Special attention has been payed to the severe erosion i the area and the relations between vegetation cover, climate and erosion in this moisture stressed Mediterranean environment.

This study starts from the historical view of China’s real estate industry formation and development. It is evidenced that there were no real estate industry nor real estate market in China’s long past history. China’s real estate industry was firstly emerging since the early 1980s; its development to a large extent should be attributed to the national Housing System Reform. During the 30 years de

This phenomenological study focuses upon the phenomenon of health tourism and Swedes going to India for Ayurvedic treatments. An emergent design was used in attempt to discover the underlying motive forces for seeking Ayurvedic health-care in India. Five participants volunteered to share their experiences of Ayurvedic treatments by filling out self-reports. The softwares of Sphinx Lexica and MCA M

This thesis analyzes the evolution of integration between equity markets based on a market index and six sector indices for four countries that adopted the EMU in 1999 as well as two countries that did not. The purpose is twofold; first to identify if the integration has increased and secondly try to determine if the EMU has played a part. The estimation window is set to January 1987 to December 2

Goals of this thesis is to investigate how the Foundry Chinese Managers perceive leadership, and how they construct their leadership skills in their daily working environment in that specific foundry context and whether the Chinese leadership is still following the traditional Chinese Culture or they have their own ways to lead. We are using a qualitative/inductive method. We are using already exi