PurposeThe purpose of this paper is to assess whether the overreaction found in ?Does the Stock Market Overreact?? by DeBondt and Thaler still persists today, and by equivalence test if a trading strategy based upon these assumptions would generate abnormal returns. MethodThe research has been carried out by studies of the stocks that for a prior period of one year has over or underperformed their benchmark. The stocks used in my study are all part of S&P500 index, and the period of study runs from three to five overlapping years over the last twenty years. ResultsMy tests indicate that the type of overreaction proposed by DeBondt & Thaler still is present, at least considering the stocks that during the formation period were winners..

Parallel imports often lead to lowered prices and is therefore regarded as good from a consumer's point of view. From a business'point of view this is not always the case. When do parallel imports occur? Is it possible to prevent parallel imports to protect an introduction of a product in another member state? The purpose of this thesis is to present situations where parallel imports occur and to see if it is compatible with competition law to prevent parallel imports. Furthermore I will analyse the future development after the group exemption of vertical restraints enters into force in June 2000.

Abstract This master thesis is a result of the work thas was done for my entry in the international architectural competition Urban spaces and urban life in Ørestad South, that was announced by Ørestadselskabet on the 31st of October 2006. The project work lasted from early November until the deadline on 14th of February. In addition to the proposal that was handed in, the master thesis consists of a number of reflections about the work that was done and design work in general. The proposal is an answer to a not that evident task. One would expect that the assigment was clearly defined in the brief of the competition like this. And so it seems to do but to define the real assignment and join your own aims to it from such an extensive brief can be quite time consuming. Why do architects participate and what is an architectural competition? How does the brief affect the choices and statements made by the entrants? What is a square? What is the strategy that leads to a convincing concept? The role and use of a concept in the design process.

This thesis is about university spin-offs and the competition in high technology industries. In the light of efforts to increase the competitiveness of the European Union, an effective transfer of cutting edge technology from universities to the industry plays an important role. University spin-offs, start-ups founded to exploit academic inventions, are likely to face considerable market entry barriers. This is among other reasons due to high capital requirements for further technology development and lack of complementary resources. With a combination of relevant literature and empirical investigation, commercialisation of technologies within spin-offs is investigated and analysed.

I denna uppsats har förhållandet mellan statligt kapital, humankapital och ekonomisktillväxt undersökts genom en utvidgning av Lucas modellen. I utvidgningen specificeras hur statligt kapital har en positiv effekt i teknologin för utbildning och en negativ effekt i teknologin för privat produktion. Utvidgningen sker genom att staten fördelar sitt kapital mellan offentlig konsumtion i produktionssektorn och investeringar i utbildningssektorn. Produktionsteknologierna antas sedan bero på kvoten mellan genomsnittligt humankapital och andelen statligt kapital i respektive sektor..

The aim of this thesis is to investigate the procurement of maintenance at SvK. Byunderstanding the process that has led to the current procurement strategy; providesuggestions to how the procurement of maintenance can be improved to ensure thequality of future maintenance of the national grid.A god client can be associated with a number of qualities, ?acquisition competence?.Vinnova describes acquisition competence as the ability to plan, formulate,communicate and monitor. Different businesses and industries have different needsand opportunities and operate in different economic structures which requireadjustments in their acquisition competence. A number of areas have been identified,called areas of focus, where clients can adjust their competences to their markets.The areas of focus are competition, competence/quality, control and communication.By defining the need of acquisition competence for SvK and identifying problems, anumber of suggested strategies have been proposed.

During Sweden's economic crisis in the early 1990s a governmental committe of prominent economic and political experts were gathered to produce an analysis of and suggestions to the solution of that crisis. The committe produced a report that became widely commented in the media and in parliment. The report anc the reception of it gives us insights in how the boundaries between social science and politics are created an how new fields of expertise is added to a science. This thesis uses a constructivist approach to explore how the techniques of the economic science were made into credible means of knowöedge production outside of the field where it traditionally holds epistemological authority. Working from the assumption that language does things to the objects that it describes I claim that the episode investigated in this thesis was shaped by the committee's ability to define the economic crissi and thus making it into a knowable object.

Today adjustments on the pricing of internal transactions between multinational enterprises can lead to economic double taxation for the involved companies. This circumstance will result in an obstacle for private enterprising on the international market. Rules regarding corresponding adjustments and the mutual agreement procedure, that is used to eliminate economic double taxation, are today not sufficient tools to achieve this purpose. Consequently, changes regarding these rules should be implemented.The main reason for why economic double taxation is not put right is the competent authorities? inability to reach a suitable solution for the dispute.

Den här uppsatsen undersöker om IMF, genom sitt agerande under den finansiella krisen i Indonesien 1997-1998 gav upphov till moral hazard. Problemet analyseras dels kvalitativt genom att titta närmare på de förväntningar som IMF hade på den indonesiska staten och jämföra dessa med den faktiska utgången. Den kvantitativa analysen baserar sig på den monetära betalningsbalansteorin. Genom att observera förändringar i den inhemska kreditexpansionen mäts huruvida den indonesiska penningpolitiken var expansiv eller åtstramande. Såväl den kvalitativa som den kvantitativa analysen visar att IMF bidrog till att moral hazard uppstod..

Detta arbete syftar till att ta reda på om svenska fondförvaltare har förmågan att prognostisera aktiemarknadens framtida rörelser samt utvärdera vilken betydelse tidsperioden för avkastningsdata har i en sådan undersökning. En empirisk analys av 30 Sverigefonder med två statistiska modeller med dagliga och månatliga avkastningsdata ger dock inga stöd till att svenska fondförvaltare som grupp har denna förmåga. Från analysen visas det även att valet av statistisk modell och tidsperiod för dataobservationerna påverkar resultatet. För den svenska marknaden ger månatlig data mer trovärdiga resultat än daglig data, vilket avviker från tidigare amerikanska studier..

In this bachelor thesis my main purpose is to examine the ethical legitimacy of economic sanctions, by assessing the humanitarian consequences this type of actions create. I will do this by a closer examination of the two historic cases of South Africa and Haiti. The humanitarian consequences will then be measured against my chosen theories, to help answer my main questions. The theories I have been working with is the broader interpretation of the just-war theory; the just-sanctions theory, and two major metaethical theories.The result I found after the finished examination of the chosen cases, are that economic sanctions and morality doesn?t necessarily match.

The Swedish telecommunication market was prior to the official deregulation 1975 characterized by Telia?s former monopoly position. This thesis studies how the deregulation of the market, and the thereby increasing competition, has affected Telia and how it has influenced Telia?s marketing strategies.The theoretical framework, from which the conclusions will be made, is a combination of the theory about strategic learning behaviours by Slater et al, and Grönroos? theory about a marketing continuum. The empirical work material is the result from two interviews with former key figures at Telia, and a briefing of Telia?s annual report between the years 1993 and 2006.Research findings indicate that Telia has gone from being product oriented with a strong technical focus, to becoming gradually more market oriented with competition orientation but foremost customer orientation as their most distinguished learning behaviours.

Bachelor essay in political science by Linus Johansson, fall of 2006?Aid and corruption: How do aid donors handle the corrupt regimes??.Supervisor: Jan Olsson.The purpose of this essay is to describe the aid relation between donors and corruptgovernments, to find out whether donors reckon on the problems with implementation of aidto corrupt governments when they decree their aid policy. There are a lot of different ways toimplement the economic aid that are being used by the donors today, and this essay will try toexemplify the different methods of implementing the economic aid. To elucidate the relationbetween donors and corrupt regimes, the essay analyzes three themes: the first two questionsare about the policies used by the donors, and the third question are used to shed light on theactual implementation of aid to corrupt governments. The three themes are: i) Different aidpolicies used by the donors ii) Do donors use particular policies against corrupt regimes? iii)Do corrupt regimes receive less foreign aid? This study stresses the fact that donors do notact like a group unit in the matter of development assistance policy, instead they act inseveral separate groups, this may complicate the endeavour of making economic aid effective.The conclusion of the essay is that corrupt governments are treated the same way that lesscorruptedgovernment are, nothing today indicates that donors would give less economic aidto the corrupt regimes.

The purpose with this study is that examine if the contingency factors as sort of market and competition can affect the companies, which means of control they apply..

Många ekonomiskt intresserade människor tror fortfarande att de finansiella marknaderna är effektiva såsom Fama:s (1970) hypotes om effektiva marknader förutspår. Insikten om att insatta nationalekonomer idag har en helt annan uppfattning och att forskningen mer och mer visar på en annan bild, har dock svårt att spridas.I denna uppsats ges en grundlig beskrivning av var forskningen står idag. Dessutom görs en empirisk momentumstudie på den svenska aktiemarknaden, vilket visar sig bli ännu ett bevis på att marknaderna inte alltid är så effektiva som det påstås. Resultatet bekräftar att man genom att köpa tidigare vinnare kan tjäna riskjusterad överavkastning på de finansiella marknaderna..