Purpose: The main purpose of the thesis is to examine the profitability of Momentum Strategies on the Nordic stock markets. This will provide insight and contribute to the debate on efficient markets. Finding profitable Momentum Strategies will provide strong evidence of inefficiency in the market. A secondary purpose is to examine factors which might cause or impact the profitability of the Momentum Strategy. We will look closely at the relationship between the profitability and factors such as risk (CAPM-beta), market capitalization, trading volume and seasonality.

Bakgrund: Börsen ger en möjlighet för företag att erhålla kapital och för placerare atttillgodogöra sig avkastning. Personer med insyn i det egna företaget, så kalladeinsiders, kan dock i egenskap av sin position inneha kurspåverkande information somövriga aktörer på marknaden inte har möjlighet att ta del av. Tidigare forskning harpåvisat att insiders utnyttjar denna informationsasymmetri för att på så sätt tillgodogörasig överavkastning.Syfte: Syftet med studien är att undersöka om insiders kan tillgodogöra sigöveravkastning genom handel med aktier på Nasdaq OMX. Vidare ämnar studienutröna eventuella skillnader i överavkastning beroende på företagsstorlek,transaktionsstorlek samt tidsperiod.Metod: I denna studie har en kvantitativ forskningsstrategi i form av en eventstudietillämpats. Studien har en deduktiv ansats och undersöker insidertransaktioner från 90företag på stockholmsbörsen under tidsperioden 2006-01-01 till 2011-12-31.

Denna rapport handlar om hur företaget Parera AB ska kunna integrera tre olika system till en supportportal för deras tjänst Fjärrdrift. Tjänsten Fjärrdrift går ut på att kunder erbjuds fjärrsupport och driftövervakning av deras IT-miljöer. Uppgiften gick ut på att Parera ville kunna delge information till sina kunder rörande tjänstens innehåll och status på kundernas IT-miljöer, samt göra det möjligt för kunderna att sköta sina supportärenden på en och samma plats. För att genomföra detta behövdes en undersökning av de tre systemens funktioner och API:er göras samt ett förslag på lämplig plattform för implementationen tas fram. Ett delmål i arbetet var att undersöka huruvida Parera kunde erhålla något mervärde av att migrera sitt kundhanteringssystem till molnet istället för att stå för driften själva.Arbetet gick ut på att testa de olika systemen i daglig användning och utvärdera vilken information som skulle behövas för att kunna integrera systemen, samt hur respektive systems API:er kunde nås.

Fattigdom, underutvecklat jordbruk, infrastruktur och dåliga politiska strukturer ät idag vardag inom världens fattigaste länder. Många bilder vi ser från världens fattiga länder idag speglar ofta ett sådant samhälle. Det finns flera orsaker till detta och de är ibland många och komplicerade, främst beror det på fattigdom, brist på utbildning, hälsovård för barn, torka och översvämningar löper om vartannat, inhemska politiska konflikter, brist på rent vatten samt sjukdomar som HIV/AIDS. Ländernas behov av import, export och bistånd är en viktig faktor som inte får lämnas åt sidan och detta arbete kommer att handla mycket om just det. Ett av de stora problemen som länderna har är de exportproblem med sina egna producerade livsmedel som de inte får ut på USA: s och den europeiska marknaden.Världen blir mer globaliserad och länder integreras genom handel med varor och tjänster, genom migration, finansiella flöden och genom utbyte av idéer och kunskap.

Many watersheds have lost stocks of migrating fish species because of the development of hydroelectric plants and other fragmenting barriers. The remaining stocks of migrating Atlantic salmon (Salmo salar) and brown trout (Salmo trutta) in River Klarälven, Sweden are five times smaller compared to one hundred years ago. A fish-trap at the hydroelectric plant in Forshaga has been vital for the continued existence of the stocks. This is the first hydroelectric plant of eight, blocking the way to the spawning grounds. Spawners are collected in the trap for both hatchery and transport by truck upstream and past seven more hydroelectric plants to the spawning grounds, where they are released for possible natural reproduction.

Suspensory ligament injuries are a common cause of lameness among sport horses. These injuries are expensive due to slow healing, extensive convalescence and high risk of recurrence. The prognosis has been reported to be everything from good to guarded depending on the size of the lesion and the location within the suspensory ligament. The purpose of this study was to determine how different factors such as age, use, and location of the lesion are associated with the final outcome after a suspensory ligament injury. Material: Hospital records of 27 horses treated for suspensory ligament injuries at SLU equine hospital in Skara, Sweden, between January 2002 and July 2003 were examined retrospectively.

An increasing number of heat pump producers have developed heat pumps that can be connected to solar panels. In this thesis we have examined the possibilities of connecting solar panels to existing ground source- and geothermal heat pumps that has not been adapted to solar panels. During the work process, a prototype plant has been built to compare our theory with the practical results and with our designed sizing tool. The work has rendered in knowledge that will be used to build a sun module that can be easily connect to the existing heat pump system. The existing heat pump, our test plant, has been supplemented by an advanced storage tank used to allow different operating modes.

The Swedish healthcare system is characterized by lack of resources and extensive hospital queues. In order to counter these difficulties the Lund University Hospital have introduced Lean Healthcare to the hospital organization. The purpose of this scientific paper is to study the relationship between the implementation of Lean Healthcare and the experienced motivation among the staff. This essay thereby intends to impart knowledge, which could be used on future implementations of Lean Healthcare at other hospitals. In order to fulfil the purpose of this essay a case study have been conducted at two wards at the Lund University Hospital in which qualitative research interviews have been the method chosen in order to gather data.

In the future the Swedish pension system will face major problems. With an increasing aging population combined with a decreasing share of working population the financing of the pension system is becoming a bigger problem than previously predicted. This means the individual himself will have a bigger responsibility to invest money for their future retirement. It has been shown that a large proportion of the people who invests for their future pension have neither the interest nor the time to actively invest their pension capital. To make it easier for those who invest for their retirement, some Swedish banks have created so-called generation funds.

Syftet med min studie var att belysa och jämföra språkpolitiken i Sverige ochTyskland med särskilt fokus på styrdokument som gäller språkundervisning avnyanlända vuxna invandrare. Frågeställningarna som studien skulle besvara varföljande: Vad är det som anges i den nationella lagstiftningen om den enskildestillgång till språk både vad gäller modersmål och andra språk? Hur organiserasundervisningen i andraspråk för vuxna nyanlända i Sverige respektive Tyskland?Vilka likheter och skillnader finns mellan Tyskland och Sverige vad gällerorganisation av andraspråksutbildning för nyanlända vuxna?Jag använde mig av en kvalitativ metod, där materialurvalet bestod av tyska ochsvenska lagtexter inom relevant område.Resultatet visade att Sveriges språklag garanterar den enskildes tillgång till språk bådevad gäller modersmål och annat språk än modersmål. Tyskland saknar språklag, somtyder på att Tyskland inte känner behovet av att reglera det tyska språket i förhållandetill andra språk. Tyska är ett starkt språk inom ett nationellt och internationelltsammanhang.

Perfluoroalkyl substances (PFASs) are ubiquitous in the environment today and they have been detected even in remote areas such as the Arctic. PFASs can be transported by the atmosphere and ocean currents but the transport mechanism is not fully understood. PFASs may be harmful to organisms due to their persistence in the environment, bio-accumulation potential and toxicity. Studies have shown that PFASs can cause adverse effects on the metabolism as well as the endocrine- and reproduction systems in organisms. In this study, PFASs were investigated in glaucous gull (Larus hyperboreus) (n=5) and black guillemot (Cepphus grylle) (n=4) from Svalbard.

The classic view of trout (Salmo trutta) life history is that trout begins its life in freshwater, migrates to the ocean after about 1-4 years and then returns to freshwater to spawn. As trout fry have been caught at the mouth of the River Emån, near the Baltic Sea, researchers have speculated that some trout emigrate during their first year of life. The purpose of this study was to describe the variation in the length of time trout reside in freshwater before they migrate to the ocean for the first time. Another purpose was to investigate whether it was possible to discern where and how long the fish spent in freshwater and saltwater during different parts of their lives. Between 2007 and 2009, 23 adult trout were captured in the River Emån in southeastern Sweden.

The OMX-case entailed considerable uncertainty about the relationship between tax treaties and Swedish domestic law. Previous approaches to handle rule conflict between them was put out of action for the first time when an internal rule took precedence over tax treaties. The Greece-case came a few years later where there were hopes that it would be decided in plenary session to return to the view that prevailed before the OMX-case, which did not happen. Instead the Supreme Administrative Court ruled that the tax treaties shall in principle be given preference, but that in exceptional situations tax treaties can be infringed to an internal rule's benefit, so called tax treaty override. Such procedure is acceptable if the legislature gives "clear expression" of the intention of a certain type of income is to be taxed in Sweden, or that a particular new rule applies regardless of the provisions in tax treaties.The purpose of this thesis is to analyze the supreme administrative courts management of rule collision between domestic law and tax treaties in the Greece-case.

On 1 January 2005, IFRS (International Financial Reporting Standards)was mandatory for all listed companies within the European Union. The introduction is to create a transparent and consistent reporting. Mainly to provide companies, investors and financiers the same access to world capital markets. Since the introduction of IFRS, the goodwill value is determined by annual impairment tests. If an impairment of goodwill is a fact the goodwill decreases in value.

Today, the definition of literature has changed. Walter J. Ong talks about the secondary spoken language that has surfaced as a result of new technical innovations to our writing tools. This also transforms our attitude towards literature and we can see a return to literature based on verbal characteristics. According to Hans Hertel the verbal renaissance reflects a modern man need to come closer to each other and create togetherness.