Today, companies can take advantage of mass intelligence by making use out ofcrowdsourcing. Crowdsourcing is a business model that uses the power of the collective bythe offer of a problem by means of competitions in various social media. The benefit ofcrowdsourcing is that the company gets more creative and creative solutions to the sameproblem, which would not have been possible if the company solved the problem internally.The larger mass gains an insight into the company, which in return also releases power tothe company's development. The study aims to examine the way in which citizens can beattracted to participate in the development of public transport using crowdsourcing. The studyis based on both qualitative and quantitative approach since the study has a qualitative pilotstudy.

Background: Within real estate companies assets according to IFRS/ IAS 40 should be valued at fair value, to compare with previous valuation criteria according to which real estate should valued at cost. Two models can be used within IAS 40, these are value at cost and fair value. When valued at cost the real estate value in the balance sheet should be specified at cost. The method chosen by the company should be used for all real estate within the company except for the premises used by the company. Purpose: The purpose of the study is to analyse and evaluate how real estate companies experienced the problems that arose when converting to IAS 40, and to analyse the effects on the companies key ratios as a result of the change of accounting method.

Background: A debated subject in today?s society is CEO compensation. Companies which give the CEO compensation mean that it motivates them to maximize the company?s return. The compensations are based on various types of variables, such as financial measures and financial ratio.

Our purpose in this paper is to examine if there is any profitability for a company with a factory in the timber industry to invest in a combined heat and power, CHP. Based on analysis and the results that the paper generates, we will give Derome AB a suggestion on how it is a profitable investment or not to installing in a CHP.By investing in a CHP plant, you can get a high efficiency, which means that companies can use their resources more effectively. The Swedish wood industry has by-products of production that can be used for combustion in their boiler which is an advantage.The essay is a qualitative study where we have a case company, Derome AB. In this company, we interviewed two employees who have knowledge in the study. They have helped us to provide information and data about their business.We chose to use the pay-off- and the net present value method, NPV, to see if there are profitable advantages for the investment.

The purpose of this paper is to study the rules of the bill 2007/08: 136 "Areformed sick-leave process of increased return to work" as related to therehabilitation chain. In the interpretation of the material I have used the ?practicallegal method? and a minor empirical study has been conducted to find out howRegion Skåne and UMAS adjust their activities to the new regulations.The government aims to reduce sick leave and on March 19, 2008,the above mentioned bill was presented to the Riksdag. The bill is a part of thegovernment's package of measures and contains proposals for a revised sick-leaveprocess. The rehabilitation chain is a part of the package and includes actions witha tighter schedule.The employer is still after the new rules playing a central role in thesick-leave process and must through early and continuous contact with theworkers start the rehabilitation process.

Bakgrund: Om tio till tolv år väntas 40 % av Sveriges 500 000 familje- och ägarledda bolag att säljas enligt en uppskattning gjord av PwC år 2012. Många små och medelstora onoterade bolag kommer därför inom den närmaste tiden att behöva värderas inför försäljning. De modeller som används vid företagsvärderingar är i dagsläget inte  anpassade för mindre onoterade bolag och dess företagsspecifika risker varför författarna valde att utföra studien.Syfte: Syftet med studien är att ta fram en praktiskt användbar modell för att skatta ett mindre onoterat bolags avkastningskrav. Modellen ska ta hänsyn till de företagsspecifika risker som är kopplade till mindre onoterade bolag.Metod: Studien bygger på en kvalitativ undersökning där intervjuer med personer som dagligen arbetar med värdering av eller rådgivning för alternativt arbetar inom mindre bolag. Utifrån data insamlad från studiens intervjuer samt teorier kring ämnet har en praktiskt funktionell modell utformats för att stödja företagsvärderares arbete i praktiken.Slutsats: BRACE-modellen (Business Risk Adjusted Cost of Equity) består av två huvudkomponenter, en CAPM-premie som mäter marknadsrisken samt en företagsspecifik riskpremie.

The aim of this study is to investigate the components of religion and spirituality in the specific context of "Fryshuset" ? a multicultural and glocal arena. Against the backdrop of contemporary researchers such as Heelas and Woodhead and their hypothesis about the "spiritual revolution" and a "new spirituality", as well as the postmodern discussion about "the return of God", this study discusses how religious change can be understood in the context of Fryshuset.The theoretical point of departure is taken in a hermeneutical method where Fleck´s theory about "thought-collective" and Gidden´s theory about the "duality of structure" are used in order to understand and describe the dialectical relationship between individual and social structure.The method used in this study is qualitative. The interviews are made of six individuals representing different social projects at Fryshuset.By analyzing the material from the field study through theories on religious change, three areas are identified:"The subjective turn"Religion and spiritualityA Cosmopolitan interpretation of life The result of this study is that the religiosity among the interviewed can be described through Taylor?s understanding of the "subjective turn".

Joint injury (inflammation) or osteoarthritis is the most common cause of poor performance in the athletic horse. Osteoarthritis is the ensuing degeneration of joint cartilage due to inflammation/injury. The single most important factor in the inflammation cascade of joint injuries is interleukin-1 (IL-1). Until recently, these injuries have been treated with products like hyaluronic acid, cortisone and polysulphated glycosaminoglycans (PSGAG). Several studies have not been able to demonstrate a significant difference in the clinical improvement of joint injuries treated with hyaluronic acid or PSGAG and saline.

It generally takes 10 to 12 years for a new drug to hit the market. The pharmaceutical industry invests huge sums in these early stages of research and development. In spite of the rapidly rising research and development expenditures fewer and fewer blockbuster drugs are being developed. Longer lead times and aggressive generic post-patent competition have narrowed the timeframe for the pharmaceutical companies to profit on their investments.In the face of these threats the pharmaceutical industry has developed a battery of strategies to prolong market exclusivity and to maximize return on investment. These emerging strategies are commonly known as Life cycle management (LCM), which actually is more of a concept than a method.

Bakgrund: Tidigare forskning har visat att insynspersoner tenderar att överavkasta påinvesteringar i eget bolag. Det råder dock delade meningar kring varför insynspersonertenderar att överavkasta. Vid genomgång av tidigare studier påträffades ingen kvalitativstudie, varav vi ansåg det vara av intresse att studera fenomenet genom intervjuer medinsynspersoner.Syfte: Uppsatsen syftar till att studera och kartlägga motiven bakom insynspersonersköp- och säljtransaktioner i eget bolag. Med hjälp av tidigare forskning samt en ny infallsvinkeli form av teorier inom behavioural finance analyseras varför insynspersonertenderar att uppnå överavkastning på investeringar i eget bolag.Genomförande: Studien har genomförts med utgångspunkt i åtta intervjuer med insynspersoner.Resultat från tidigare studier på området låg till grund för vilken informationvi med intervjuerna ville uppnå djupare förståelse kring. Den insamlade empirinhar analyserats utifrån empirisk forskning och teorier inom behavioural finance.Slutsats: I studien presenteras en ny hypotes vilken förklarar insynspersoners överavkastningsom en följd av befintlig lagstiftning.

Problem formulation: This paper will examine how the capital structure of firms affects their market valuation by applying the Modigliani-Miller theory on Swedish listed companies in a boom and a recession. The study will examine whether it is possible to draw any conclusions as to whether companies with high debt to equity ratios are valued lower in a recession, in comparison to companies with low debt to equity ratios.Purpose: To empirically test the Modigliani-Miller theory of capital structure in a boom and a recession in order to see if the companies? market value is affected differently depending on whether they have a high or a low debt to equity ratios.Methodology: The essay has a deductive and a quantitative methodological approach. Data analysis was done through a correlation analysis, a regression analysis and a hypothesis testing.Theory: The Modigliani-Miller theory of capital structure with taxes states that companies with a high debt to equity ratios has a higher value. One of the risks with a high level of debt could be that during a financial downturn companies have more difficulty realizing capital and are thus more likely to go bankrupt.Conclusions: The study shows results that are contrary to the Modigliani-Miller's theory; all the correlation analyses between debt to equity ratios and market value are negative.

During the past 20 years, the price of forest estates in Sweden has raised more than the price of timber. The purpose of this study is to investigate if it, despite this development, is possible to buy a forest estate based on economic grounds. Different forest parameters will also be studied to analyse their effect on the profitability. The study is done in cooperation with the company LRF Konsult. Purchase price of 34 forest estates near the coast of Norrbotten, Sweden, has been compared to yield valuation. For the valuation, guidelines from the Swedish author Lantmäteriet was used.

As a part of the fight against the global warming the energy production needs to be more efficient and redirected towards sustainable options. One alternative is cogeneration, which means that electricity and heat is produced in one plant. The purpose with this survey is to examine if there are any commercial available combined heat and power techniques, based on combustion of solid moist biomass, which are suitable to small-scale applications. The technique must be able to produce between 2 and 10 MW thermal and the heat demand is a Swedish district-heating system. When already published reports had been studied, the Organic Rankine Cycle (ORC) was chosen as the most suitable technique.

Syfte: Huvudsyftet med studien är att undersöka om avkastningen på den svenska aktiemarknaden påverkas av terroristattacker. Delsyftet är att vid en eventuell påverkan undersöka om reaktionen skiljer sig mot landet där attacken skett samt hur lång tid det tar för de olika aktiemarknaderna att återhämta sig.Teoretiskt perspektiv: Den teoretiska referensramen utgörs av teorin om den effektiva marknadshypotesen samt behavioral finance med fokus på flockbeteende.Avgränsningar: I studien undersöks åtta olika terroristattacker och dess påverkan på aktiemarknaden i Sverige och landet där attacken skett.Metod: Studien är kvantitativ och använder ett deduktivt angreppssätt. För att besvara frågeställningarna tillämpas en eventstudie där två eventfönster används. Ett eventfönster på en dag och ett längre på elva dagar samt en estimeringsperiod som omfattar 30 dagar. Insamlad data används för att mäta den avvikande avkastningen som eventuellt uppstår efter att en terroristattack ägt rum vilket säger om attacken haft någon påverkan.Slutsatser: Terroristattacker har en påverkan på den svenska aktiemarknaden och i de flesta fall är påverkan negativ.

Real estate financing is one of the key figures for financial success and fundamental to asuccessful business. Funding will come in several different ways, from existing cashflows andassets to new capital requirements which are aimed at different markets.These markets are constantly changing and since the recent financial crisis, there have beenadjustments and austerity measures which led to that the banks have become more restrictive intheir lending.The real estate industry is characterized by both long-term and short-term thinking that ischaracterized by a solid continuity. Our thesis discuss how the demand is in the real estatebusiness and how mature the Swedish market is for junior financingwith focus aroundmezzanine debt and where are we headed in the near future.We've reached out to the key players in the industry on both the buy and sell side of real estatefinancing but also people between lenders and borrowers that handles transaction advice. Tohave been able to implement the analysisa survey and simulation of an investment calculationwas created. This questionnaire was answered by many real estate companies with senior peoplethat had operational positionsmost associated with corporate commitments.