Syfte: Syftet med denna uppsats är att undersöka hur utvalda bolags aktieavkastning inom branscherna flyg, fordon samt olja reagerar vid signifikanta oljeprisförändringar.Teoretiskt perspektiv: Den teoretiska referensramen utgörs av den effektiva marknadshypotesen samt Behavioural Finance med undergrenarna prospect theory, herd behaviour och overconfidence.Metod: Studien utgår ifrån ett deduktivt inslag med en kvantitativ studie. Undersökningen utgörs av sex eventstudier som datainsamlingsmetod samt en intervju som applikation på det kvantitativa resultatet. Urvalskriterium består av tio bolag inom respektive bransch med en rangordning utefter högst omsättning samt företag med en koppling till svenskt näringsliv med högst omsättning.Empiri: Empirin presenteras utifrån diagram och tabeller över de utförda eventstudierna. Diagrammen syftar till att redovisa den avvikande avkastningen för respektive bolag. Tabellerna ger en redogörelse över eventuellt samband mellan respektive bransch och oljeprisförändringarna.Slutsats: Flygbolagen uppvisade samband med oljepriset vid fyra utav sex eventen.

The aim of this study was to gain a better understanding of resource schools 1 as a human services organization and institution, based on teachers and principals? perspectives. The purpose of resource schools is to provide the students tools and resources to enable them to return to the regular school within two years. The study also aims to examine more closely how this objective applies to the studied resource schools in the studied municipality, as well as highlighting the success factors and barriers that exist to achieve the goal. Previous studies show that this kind of differential practice tends to become a permanent solution.

Research issue: The transition from Basel II to Basel III becomes consuming for banks, financially. But Basel III should be profitably for financial market economy. Risks in the financial world is very complex. Is Basel III is sufficient to manage risk and future crisesPurpose: The purpose of this paper is to examine the application of Basel II and the transition to Basel III in Sweden with the banking system in focus.Method: The study has a qualitative research methodology for the collection of empirical data. The study is based on interviews with four large banks of Sweden (Swedbank, SEB, Nordea, Handelsbanken) and with Finansinspektionen.

Investerare har olika preferenser gällande utdelningspolitik. För att de ska kunna förutspå vilka företag som bäst överensstämmer med deras preferenser är det intressant att undersöka om det finns några utmärkande faktorer hos företag som använder sig av utdelningar jämfört med de företag som inte använder sig av utdelningar. För denna undersökning har svenska börsnoterade företag från Small-, Mid- och Large Cap på Nasdaq OMX Stockholm undersökts för faktorerna; ålder, storlek, soliditet, Return on Assets samt bransch. Resultatet visade att äldre, större och mer lönsamma företag med hög ROA med större sannolikhet betalar utdelningar. Soliditeten visade sig vara lägre för företag som använder sig av utdelningar, dock kunde ingen signifikant skillnad urskiljas för denna variabel.

The aim of this study was to examine how women in a voluntary organization, KRIS (C.R.I.S. Criminals' Return Into Society) express their experience of help and support from voluntary and professional organized social work. This was an empirically based study with, qualitative approach. The methods of data collection were unstructured interviews and participant observation.The central question was which importance KRIS possible may have in the process of the women's return into society from involvement in crime and drug abuse. What can KRIS offer that the professional organization can't?The findings were that mutuality, mutual aid or mutual help based on shared experiences is hard to replace with support from professional organized social work.

Relationen mellan publik media och kapitalmarknader är ett område som studerats under en lång period. Åsikter har väckts om att massmedia är en viktig faktor vid förståelsen av finansiella marknader då media har förmågan att ge upphov till irrationella reaktioner. Utifrån detta har en kritik mot massmedia växt fram som menar att media inte förmedlar viktig information. En del studier visar emellertid att en lättare åtkomst till ny information leder till att priser på finansiella marknader kan justeras mer effektivt.Syftet med denna studie är att förklara hur den historiska mediabevakningen som föregår en aktierekommendation påverkar hela aktiemarknadens aktörer genom att studera den överavkastning som föregår och efterföljer rekommendationen ifråga. Undersökningen har baserats på rekommendationer gällande svenska aktier som är börsnoterade på Large-, Mid- och Small-Cap listorna på Nasdaq OMX Nordic Stockholm under en period som sträcker sig över två år.

Sweden is a world leader in listed private equity and ranked fifth in the world in market capitalization. The sector is attracting increasing interest from the investment community. However, the private equity industry in Sweden has historically poor reputation and is criticized for creating value through high leverage, multiple riding and severe cuts. This study analyzes value creation drivers in buyouts from the perspective of the private equity firm using a dataset of 15 realized buyouts by private equity firms listed on NASDAQ OMX Nordic Stockholm. The methodology used separates the value contribution of leverage on the private equity firm's return from internal operational improvements and external variations in transaction multiples.

Purpose: The purpose of this study has been to investigate whether Frennberg & Hanssons earlier study of anomalies still are correct, and if these are valid for certain sectors. Methodology: In an effort to find seasonal patterns on the Swedish exchange market, we have used the average daily returns. By using these patterns we have created investment strategies which have then been tested over a 10 year period. We also used t-tests to verify our results. Conclusions: We have been able to prove a change in the seasonal patterns that Frennberg & Hansson presented in their study.

The standard housing of farmed mink provides little opportunities for them to behave naturally and abnormal behaviours such as stereotypic behaviour and tail biting may occur. To prevent abnormal behaviours animals in captivity are often provided with different kinds of enrichments. The aim of this study was to investigate what kind of enrichment farmed mink use when they have several kinds to choose from and to observe if abnormal behaviours can be decreased with a larger cage and a more multifaceted environment. Totally 20 silver blue, 10 months old female mink were kept in traditional cages (80x30x40 cm) for 7 days and in larger cages (195x80x40 cm) with several types of enrichments for 7 days. The enrichments were wire net- and wooden shelves, wire net- and plastic cylinders, water bath, plastic ropes, branches, straw and tennis balls. One-zero scan sampling on behaviour and choice of place were performed during 3 hours and 20 minutes prior to feeding during 7 days per treatment in April 2004.

The purpose of this essay is to investigate how people can return from a marginalized position and become a part of society. Also how a model for returning from a marginalized position should be formed. The intention is to make a contribution to those in society that are helping people to return from marginalized positions. The survey is based on 5 thematic qualitative interviews on individuals that have returned from homelessness, criminality, drug abuse and prostitution. The main results of the investigation are that those who took part in it started their role exit with a turning point.

Den här uppsatsen kommer att behandla frågorna: Hur har Skandinaviska Enskilda Bankens fonder; Sverigefond, Europafond, USA Indexfond respektive East Capital?s Rysslandfond utvecklats de senaste sju åren, med avseende på risk och avkastning? Vilken fond har presterat bäst respektive sämst? Ger fonderna med högre risk högre avkastning över tiden? Hur har fonderna presterat jämfört med valt marknadsindex?Syftet med uppsatsen är att undersöka hur fonderna har utvecklats åren 2003-2010 och analysera hur fonderna har presterat under perioden. Avkastning och risk är två fundamentala begrepp för uppsatsen ochde olika teorierna som studien grundas på är teorin om det principiella sambandet mellan risk och avkastning, samt Kapitalmarknads-teorin.För att utvärdera de olika fonderna används utvärderingsmåtten Sharpekvot samt Modigliani-Modigliani.Som jämförelseindex används SIX Return Index och som riskfri ränta används en sjuårig statsobligation från 2003.Uppsatsen har en positivistisk utgångspunk och är en kvantitativ och deduktiv ansats. Rådata har erhållits från SEB?s hemsida där historiska fondvärden för alla berörda fonder finns samlade.

This paper investigates whether the traditional accrual based trading strategy first documented by Sloan (1996) can be refined using fundamental analysis. Specifically, this is done by implementing the composite signal F_SCORE introduced by Piotroski (2000) to identify financially strong or weak firms. We find that by applying both investment models simultaneously, in a model we call P_KOMB, the mean market-adjusted return earned by an investor exploiting the accrual anomaly can be increased by 14.8% annually. This is achieved by taking a long position in strong firms (as defined by the composite signal) in the lowest accrual portfolio, while an offsetting short position is taken in weak firms in the highest accrual portfolio, repeated annually between 1997 and 2007. Consistent with prior studies, positive market-adjusted returns can be attained through assessment of accruals as well as key value drivers found in historical financial data.

In the last decades the Swedish labor market has been characterized by a stereotype perception on women?s role and position on the market. The perception speaks of the characteristics of female leadership as being less qualified causing the gaps between the two genders to transform into a gender segregated society. The historically slow progress has limited the career opportunities for women to reach top management. However the increasing discussions during the 21st century on how to reduce the gender differences in the labor market has made it more acceptable with women on higher positions.

People in Sweden have more and more dogs in their care, and several of these dogs are kept in kennels in back yards for various reasons. According to Swedish animal welfare legislations the need for social contact for dogs has to be met. However, there are few details presented on how to meet the need and when it can be considered satisfied. Does the dog need human contact to fulfill the need, or is the company of other dogs enough? This study aims to specify what can be acceptable when it comes to fulfilling dogs? social needs in accordance with the Swedish animal welfare legislation.

To invest money in funds is increasing rapidly in popularity and one of the biggest reasons is that banks are offering a greater range of funds. Information about funds is always easy to find and it is easy to invest money in a fund because the bank takes care of all the management of the fund.The essay examines two funds from two different countries with an aim to choose the one with best potential yield. The first fund is entirely invested in North America and the second fund invests in Asia, with most of its possessions in companies from China. Both these funds invest in wellknown companies in respective region. The essay is limited to compare these funds with data from 2005 to 2009.Information was collected from Morningstar and Avanza Bank for the quantitative examination.