There are experiential products that through a digital transformation wholly or partially have taken new place in our everyday lives. Just a few years ago, we had music on CDs, movies on tape and books in bookshelves. In Sweden, we are now facing a transformation when the e-book begins to take place alongside the printed book.This paper focuses on what values play a role in the attitude towards ebooks among a selected group of Swedish book bloggers. A qualitative content analysis was performed on blog posts concerning the ebook from twelve different Swedish book blogs. The posts were then coded into categories and values.

The NIPF (Non Industrial Private Forest) owners in Sweden have very differentiated goals and needs with their forest. They have different backgrounds and some of them live at their forest estate while other live in an urban environment, and some are economically dependent on their forest estate while others are not. The heterogeneity among these forest owners creates problems for market actors that want to aim marketing messages to catch their interest. This is the problem background to the task that was provided to us as an investigative masters thesis for us. Their request was a plan for ensuring a successful marketing towards different segments of the NIPF owners. We commenced with a literature study based on market information and previously carried out similar investigations. We summarized the most important market information from the literature and created some hypotheses regarding goals and needs of the NIPF owners.

This paper examines family owned tourism businesses with a special focus on succession. In Nordic countries tourism has been widely promoted and used in rural development as a replacement economy for ?traditional? livelihoods based on rural production. Because the tourism and hospitality industry, especially in rural areas, is dominated by family enterprises, the topic of succession is of great relevance for tourism and tourism destinations. This paper looks at family businesses? special characteristics, challenges and advantages in terms of ownership structure, lifestyle, motivations, employees and destination impact.

Background: The development of the Swedish demography is one of the most important social and economic changes ever in Swedish history. Society as well as business is facing an age chock since almost every other company owner is over 50 years old. The complexity of managing a successful succession is pointed out as a major threat to the Swedish economy by the organization Svenskt Näringsliv.Purpose: The purpose with this master thesis is to identify and analyze critical success factors for a successful succession from a going concern perspective.Research method: By using the strong aspects from the quantitative as well as the qualitative method, high level of order and systematic could be reached, without loosing too much details and depth in this particular research. The empirical data was gathered by a digital survey sent to 3000 companies. The quantitative research was complemented by 6 qualitative interviews to increase depth and reliability.Results: The study shows that there is a great incongruence between the expected problems associated to the succession and the actual outcome.

In many of the world's countries, there is a national organization responsible for marketingthat country as a tourist destination. Through their offices, these organizations work towardsthe creation of effective strategies and a deeper understanding of local markets. Usingqualitative methods such as interviews, observations, and thematic analysis, we managed toinvestigate how the Czech and the German national tourist offices operate, and whatstrategies they are implementing to increase the volume of tourism. The study focused on theanalysis and comparison of the organizations' goals and communication channels.The results show that the investigated tourist boards operate in a similar manner with smalldifferences concerning choice of strategies and communication channels. These discrepanciescan be partly explained by differences in the organization's ownership forms and theconsequences that follow that fact.

Since the end of the Cold War, foreign aid donors have been using political conditionality to promote human rights, democracy and good governance in recipient countries. This phenomenon has been analyzed and criticized, but mainly from a strictly empirical point of view. In this paper, the legitimacy of political conditionality is analyzed through a normative perspective based on the extrinsic value of efficiency. If the political conditions don?t result in a democratic development, including respect of human rights and good governance, they can not be justified.With at theoretical focus on the donors, based on the unequal relationship between donor and recipient, I am examining the donors? possibility and supposed will to use political conditions in development cooperation.

Syfte: Syftet med den här uppsatsen är att undersöka läkemedelsföretag för att sedan jämföra läkemedelsbranschen med stockholmsbörsen för att se hur läkemedelsbranschen påverkats av finanskrisen på slutet av 2000-talet.Metod: Studien bygger på en hypotesprövning och författarna har valt att använda en deduktiv ansats och en kvantitativ datainsamlingsmetod för att samla in data kring läkemedelsaktier.Teori: Studiens analyser bygger på två teoretiska modeller. Den ena är CAPM (Capital Asset Pricing Model) som är en modell som används för att räkna fram avkastningskravet för aktieägarna. Det andra är ett teorem (Modigliani-Millers) avseende kapitalstruktur och som behandlar marknadsvärdet på ettbolag oberoende av finansieringsform eller distribution av utdelningar.Empiri: Jämförelser mellan Stockholmsbörsens generalindex och de fem största läkemedelsbolagen visar på att läkemedelsbolagen delvis följer börsens utveckling. Men över tid så visar sig läkemedelsaktierna vara stabilare och återhämtar sig snabbare än börsen som helhet.Slutsats: Till en början kan man se att finanskrisen har påverkat hela börsen inklusive läkemedelsbranschen. Dock visar en närmare observation av händelsen att läkemedelsaktierna återhämtar sig betydligt fortare och att de totalt sett inte svänger lika mycket..

A1210Teknisk aktieanalys används för att från historiska kursdata försöka förutsäga den framtida kursutvecklingen. Uppsatsens syfte är att undersöka börstrendens inverkan av resultaten för två olika tekniska analysmodeller, glidande medelvärde och Relative Strength Index (RSI). Som dataunderlag används 12 aktier från Stockholmsbörsens A-lista för Mest omsatta aktier mellan 1988-03-01 och 2004-03-01.I studien tillämpas blankning för att oberoende av den rådande trenden ha möjlighet att generera överavkastning. Överavkastningen undersöks genom att riskjustera avkastningen med Capital Asset Pricing Model (CAPM). Vidare belastas varje transaktion med en courtageavgift.Det visar sig att endast köpsignalerna är statistiskt signifikanta.

Currently there is a controversial debate about that we must reduce our impact on the global warming; therefore both the Government and the local authorities have invested heavily in developing renewable energy in Sweden. The major development on the wind power market can be seen as a result of both the technological development and also on the decision that the Government took in 1996, which opened up the wind power market for private parties.This paper has aimed to examine the types of financial innovations that have arisen from the investments and financing of wind power on Gotland, and what these innovations can contribute to the future development of wind power.The problems that this thesis is based on is; what kind of financial innovations have occurred within investment and financing of wind power? How can these innovations contribute to the continued development of wind power on Gotland? The conclusion of this study shows that respondents and participants have defined a number of financial innovations that have emerged. Where some of the innovations only can be seen as incremental since they are based on continuous improvements, while others can be seen as radical as they are completely new for the context in which they operate. The study has also shown that Gotland has a great potential to produce more renewable electricity, but the development is dependent on the new power lines being built, in order to export electricity to the mainland..

The change of control clause is nowadays a well used covenant in the Eurobond market, with the aims to protect bondholders in case of a leveraged buyout. This thesis intend to evaluate whether the change of control clause is a new phenomenon in the Eurobond market today and to estimate what have been the driven force for the popularity of it. The thesis found that the change of control clause already existed before and thus it is not a new phenomenon. Several factors where found though to explain the extended use of the clause today. Starting in 2005 the LBO activity increased rapidly, exposing almost every company to the risk of LBO.

This paper aims to explore the relationship between financial risk and ESG scores in order to assist investors in making investment decisions. We investigate the hypothesis that there is a relationship between the ESG score of a company, and the financial risk in terms of volatility in the relevant company?s share price. The paper is grounded in sustainability reporting and financial risk. With the world facing significant changes and natural disasters, there is an urgent need for action to mitigate environmental impacts to avoid devastating consequences.

Det finns goda skäl att tro att insiders tack vare sin ställning har bättre möjligheter att bedöma den egna verksamheten än utomstående aktörer. Det finns även skäl att tro att insiders, precis som alla andra rationella investerare utnyttjar tillgänglig information i sina privata affärer. Detta utmynnar i uppsatsens frågeställning; förhåller det sig så att personer med insynsställning gör bättre affärer i de egna bolagen än övriga marknadsaktörer? Skulle det visa sig att insiders affärer överlag genererade överavkastning borde det vara en utmärkt investeringsstrategi att replikera deras transaktioner. Den modell som används i studien bygger på en ny metod att jämföra den faktiska avkastningen för en period med avkastningen för samma tidsram som förväntades vid periodens början.

Purpose: The purpose of this thesis is to test for the existence of Capital Structure Arbitrage oppertunities in the equity-credit markets. Methodology: The mispricing of Credit Default Swap contracts are calculated and used as input in an Equity-Credit market trading strategy. The returns are then evaluated with a modified Value-at-Risk simulation. Theoretical perspectives: A Merton-based structural model, CreditGrades, is used for credit pricing and a mispricing-convergence trading-strategy between the credit and equity markets is implemented. Empirical foundation: Daily quotes for the Credit Default Swap spread of 37 European firms were collected for a period of two years, as well as equity-prices for the same period and the previous two years, used for model calibration.

The purpose of this study is to find out the viability in performing final felling in stands with high timber volume or if it´s more profitable to leave these stands to the next owner. Will he or she pay more for the standing stock then the industry? The prices of forest-land have increased significantly over the last couple of years in Sweden and some properties seem to go higher than others. Is this because of higher standing stock volume or can a certain volume/hectare bring a higher price? Maybe a combination of both? This study is based on the the sale-statistics for 2012 from real-estate agency Areal.

Arbetsterapi ämnar möjliggöra utförande av meningsfulla aktiviteter för klienter. Djur ger positiva effekter på människans fysiska, mentala och sociala funktioner som kan öka dennes aktivitetsförmåga, vilket är en förutsättning för aktivitetsutförande. Syftet var att kartlägga forskning kring djur i relation till arbetsterapi samt betydelsen djuren har på individens aktivitetsliv. Metoden var en systematisk litteratursökning som gjordes med 14 valda sökord i sju databaser som slutligen gav 15 artiklar för analys. I resultatet identifierades forskningsområdena djurägarskap och djurterapi.