This study investigates a method for identifying human capital and its effect on company valuation. We devise a measure for the efficiency of human capital based on the personnel cost. We include all companies listed in the financial and industry sector on Nasdaq OMX Stockholm in an attempt to examine human capital and its effect on firm valuation. Our results indicate that a higher efficiency of human capital has a positive effect on return on assets. However, we find that our measure can be interpreted in two ways; either as a firm?s level of human capital efficiency or its dependency on human capital, to achieve its net sales and revenue.

AbstractTitle: How has IAS 38 affected accounting in small and large companies?A study of the differences in the accounting of financial ratios between small and large companies.Authors: Jasmine Choudrey & Rana QadriMain Course: Business EconomicsThe aim of this study is to make a comparative examination between small and large companies in Sweden and to analyse how accounting of intangible assets has been affected or changed due to the introduction of the new accounting recommendations and IAS 38.Main theory: There are no theories available on these type of researches due to the fact that the introduction of the IFRS is relatively new. Instead the essay discusses facts about the financial ratios and IFRS as a starting point for the study.Method: The examination will be a combination of both quantitative and qualitative techniques. The quantitative part will be based on statistics and financial ratios from the different companies annual reports. These financial ratios will be analyzed by performing a confidence interval.

The management of assets in organisations today can be a challenging task and optimising their usage is critical to ensure maximum profit. For rental businesses offering tangible products efficient management of movable assets are an essential part of the business strategy. The main purpose of this study is to investigate how asset management and asset information management can be carried out in rental businesses and in what ways information technology can support it. By doing a literature review combined with a case study where three rental businesses and their use of information technology were examined we could identify several important aspects regarding asset information management. The results we have found is that rental businesses with a high degree of digitization in existing asset information management systems are able to rationalize existing work processes, which in some ways changes the roles of employees.

Uppsatsen Ingenjörkompaniets förändring från NBG-08 till NBG-11 ? En myt eller sanning? behandlar ingenjörkompaniet under Nordic Battlegroup-08 respektive Nordic Battlegroup-11. Uppsatsens skildrar de skillnader vilka fanns på respektive kompani avseende organisationen, materiel och utrustning samt de krav och uppgifter vilka kompaniet hade. Detta har genomförts med en komparation mellan de respektive kompanierna.Syftet med uppsatsen är att se vilken inverkan tidigare organisationer har på framställandet av en ny organisation under respektive Nordic Battlegroup. I detta fallet ingenjörkompaniet under respektive Nordic Battlegroup.En komparation mellan de två olika kompanierna innefattande tre av de grundläggande förmågorna verkan, rörlighet och uthållighet har genomförts kopplat mot två av krigsföringsförmågorna, konceptuella- och fysiska förmågorna.Resultatet av studien visar att slutsatser kopplade till i huvudsak brister kring kommunikationen mellan respektive ingenjörkompani där inget eller mycket begränsat erfarenhetsutbyte genomförts mellan dessa.

The first of January 2005 all companies listed on a stock exchange within the European Unionhad to implement International Financial Accounting Standards (IFRS) in their annual report.But is this regulation for the good or worse and does the benefits outweigh the cost? The goalwith the regulation is to make it easier for investors, shareholders and other stakeholders tomake financial decisions, compare domestic as well as international companies at the samecondition. One of the differences with the introduction of the new regulation is IFRS 3 thathandles business combination and how goodwill and intangible assets from the acquiredcompany should be accounted for. The objectives of our dissertation is to identify those listedcompanies that have made one or more acquisition between the years 2005 to 2006 andmeasure their level of disclosure concerning goodwill and intangible assets through theacquisition. We concluded trough the results that positive accounting theory and systemorientated theory didn?t explain all the verities in the companies? disclosures.

The purpose with this study is to investigate funds that are environmentally friendly. Environment issues has become a large subject that affects all aspects in today?s society.  It is a global issue which has affected the awareness of environmentally friendly products and its benefits for the environment.How has this awareness affected the financial market?  In this study the authors have looked at six environmentally sound funds and six energy funds to answer the question if it´s better to have your money in traditional energy or in renewable energy.This study is made in an quantitative way, the data has been gathered from the internet database Morningstar. The energy funds have had its biggest assets in companies dealing with oil, and the environmentally sound funds have had its biggest assets in renewable energy. Bye looking at the different funds rate of return and relating that to risk managing theories of Sharpe and Treynor, the authors compared the two types of funds.During the period that was looked at during this study ( third quarter of 2007 until third quarter 2010) the energy funds outperformed the environmentally sound funds in every aspect. .

Syftet med denna uppsats är att ge läsaren en förklaring till varför två stridande förband inom Försvarsmakten (FM) nyttjar olika indelning på gruppnivå. Uppsatsen skall dessutom redovisa fördelar och nackdelar som förekommer med respektive indelning. Ämnet till uppsatsen uppstod på grund av en strävan från Försvarsmakten att kunna nyttja behovssammansatta stridsgrupper. FM fastställer order och kommandon, försöker likställa vapensystem och utbud av ammunition och i övrigt använda samma materiel i syfte att förenkla fördelning och logistik av all materiel. Trots denna strävan förekommer det olika indelning på gruppnivå.

Since year 2005 the accounting has changed for public companies because of the new international standards, IFRS. IFRS 3 provides a single international accounting treatment for acquisitions and has broadened the definition of intangible assets. By IFRS 3 goodwill is defined as the excess of the cost of acquisition and is separated from intangible assets. Now goodwill must be annually tested by an impairment test. There are many valuation issues to considerate when it comes to deciding the value of goodwill.

Försvarsmaktens förändring genom reformarbetet mot ett insatt insatsförsvar, har lett till ett fokus mot delvis nya uppgifter. Expeditionära operationer är en sådan uppgift, som innebär förändrade krav och förmågor på materiel och personal. Problemet, som uppsatsen vill belysa, är att vid planering och genomförande är taktiska uppgifter i operationsområdet dimensionerande i för hög grad. På det viset läggs inte tillräcklig kraft på hur förbandet ska komma på plats och hur bäst förutsättningar för uthållighet ska säkerställas över tiden. Det är därför angeläget att en noggrann analys genomförs i planläggningsskedet, så att egna kritiska sårbarheter kan identifieras.Syftet med uppsatsen är att undersöka vilka kritiska sårbarheter som är tydligast ur ett logistiskt perspektiv, vid en vald expeditionär operation.

Uppsatsen syftar till att ge en bild av hur den ryska Östersjömarinen har förändrats sen Kalla krigets slut. För att skapa en överskådlig och konkret bild för läsaren har tre parametrar belysts dessa är uppgifter, resurser och materiel. En avgränsning i tid har gjorts då jag avser rikta in min analys på tre årtal, 1992, 2000 och 2007 dock har en mindre historisk invisning gjorts. Uppsatsens frågeställningar är: Hur har Östersjömarinens uppgifter, resurser och uppgifter förändrats sen Kalla krigets slut?    Östersjömarinen var som störst i slutet på Kalla kriget.

Background: The Stop rule for buying in property was introduced through 1976 years legislation and its formemost purpose was to prevent companies to acquire property that was useless for the company. Assets such as cars, boats and arts were of current interest. At the same time as this stop rule was introduced, another stop rule was also introduced and this was meant to work to forbid the partner to buy property from the close company to a price that would lead to sell at loss for the company. After a government decision (1999:2000, Abolished Stop rules) the close company is no longer living under this restriction since these two stop rules have been abolished since January 2001. Purpose: The purpose of this thesis is to investigate which criteria are the basis to judge whether the assets is to consider as useful or not for the close company.

Assessment of impacts on nature and reindeer husbandry by the considered mountain road between Borgafjäll and Saxnäs- Swedish National Road and Transport Research Institutes method for assessment of damage to heritage assetsThere are plans regarding the building of a new road from Borgafjäll/Båtas to Saxnäs, and two road alternatives have been presented. The road has been localized to an area which is protected as a nature reserve and listed as a Nature 2000 area. This report aims to determine the effects on the Nature 2000 area and reindeer husbandry, and to be a source of knowledge for future environmental impact assessment in that project. In order to assess the impact on nature values and reindeer husbandry a method from the Swedish National Road and Transport Research Institute (VTI) has been used. A literature review has been made to prescribe the effects and consequences.

This paper deals with Iraqis in the Swedish labour market. The main goal was to point out on positive aspects of the Swedish labour market integration. Previous studies were mostly problem oriented on immigrants? situation in finding a job, especially when related to immigrant from non-European countries. Instead this study is focused on the more positive aspects.

Background: It is necessary for a company to hold some unique and irreplicable competitive advantage in order to be able to succeed in a market. In a market where public procurement is an important part the competitive advantages will be characterized by the fact that some of the participants on the market are public organizations and that their actions as for procurement fall under the legislation LOU. The characteristics of competitive advantage also depend on and change with continuous changes on a market. Purpose: The purpose of this thesis is to study the competitive advantages that are presenton a current market characterized by public procurement and how these are created. The purposes is also to based on the trends on the market today study and predict the nature of the competitive advantage on the market in the future as well as the changes that we think will occur on the relevant market.

Asset management in insurance companies differs from conventional asset management to the extent that respect has to be taken to both assets and the commitments the insurance company has towards its customers. A model that has proven to fit well regarding the matching of assets and liabilities is the Asset Liability Management Model (ALM model). In addition to the matching in the balance sheet, the ALM model can be used in a company's work with strategic portfolio allocation by applying it as a basis for analyzing investment strategies with expected risk and return. From this, the ALM model also becomes relevant for calculating key figures according to the legal framework Solvens II which includes laws and regulations regarding the demands on economical strength (solvens) of insurance companies.Hence, the goal of this masters thesis has been to, on behalf of Bliwa Livförsäkring, create an ALM model to support the asset management department of Bliwa in their work with defining a credible way of analyzing the future risk and return of Bliwa's asset portfolio and insurance undertakings.The ALM model generally consist of four submodels, the scenario model, the liability model, the asset model and the company model, where the scenario model often is named as the core of the ALM model. The course of action has been to develop these submodels individually, with focus on the scenario model.