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..

Wildlife contributes with many benefits to humans but also brings economic costs. From being eradicated in Scandinavia the grey wolf (Canis lupus) is returning to South-Western Sweden and people are not used to its presence. In Scandinavia carnivores have to co-occur with humans in a landscape used for many different interests. Consequences of wolf establishments are e.g. competition for moose, depredation on sheep and attacks on hunting dogs.

The object of this essay was to illustrate and analyse what determines that a contract treatment investigation for a drug addict is initiated and what factors influence the investigation itself, from the probation service officer's perspective.We selected the following two questions:- What does the probation service officer see as being the deciding factor for a contract treatment investigation to be initiated?- What questions appear in a contract treatment investigation and how do they influence the investigation, according to the probation service officer?To find answers to these questions we conducted interviews with 11 probation service officers, during November and December 2005, at three different locations across Skåne. We decided to use the qualitative method for collecting the data we needed.In our essay we came to the conclusion that the will and motivation of the client is a deciding factor whether or not a contract treatment investigation is to be initiated. An important collaborator in this process is the social services. According to the probation service officers, many of the problems that may appear in the co-operation are due to the tough economic constraints experienced by the social services.

The aim with this study was to examine what it is that govern the way that municipalities develop the non-institutional care for youth. An extensive development of non-institutional care for children is a visible trend in municipal social service and probable reasons for this development are, among other things, research that show inadequate results of the institution care and economy. Our main questions at issue were how the municipalities argue the priorities that have been done within their youth care services with regard to the non-institutional care and how they reason considering this? Furthermore we asked why the municipalities have chosen to develop their non-institutional care for youth the way they have and on what grounds they make their choices? This study consists of eight qualitative interviews with politicians and employees in four different municipals along with analysis of relevant documents. We have found that what governs the way that municipalities develop the non-institutional care for youth has to do with that the municipalities found it vital to find alternative solutions to the expensive and ineffective institutional care, that they comprehend that the quality of non-institutional care are higher then of the institutional care and that the non- institutional care is seen as more effective with regards to economic results and achieved treatment results.

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 purpose of this study was to examine whether the degree of discipline in social services may be the reason why more children are evicted in one municipality in Stockholm, compared to another. Since our purpose was to study the degree of discipline in social services work with eviction cases where children are concerned, discipline is therefore a central part of the study. The interest in the subject arose from our prior understanding that social services approach to discipline may affect the extent of evictions. In order to answer the study?s question at issue, a qualitative interview was conducted to create an understanding of the discipline and a vignette study was conducted to compare the social workers assessments in two municipalities in Stockholm, Högstad and Lågby.

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..

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 globalization of political and economic processes is a growing moral concern for theologians and political philosophers alike. My thesis aims to outline, analyze, and compare church studies of globalization with global theories of justice.To do this, I draw upon recent studies of globalization made by the World Council of Churches (WCC) and the Lutheran World Federation (LWF). The WCC and LWF are two global reaching church organizations. They have a common aim of uniting churches for ecumenical dialogue and are involved in social, economic, political, and ecological questions. The WCC and LWF analyze globalization by applying biblical and theological principles from the Christian tradition.

This essay has a purpose of looking at Swedish independent labels in the music industry and how they communicate with their market through social networks on the internet. There have not been much research about this in the past and we hope to contribute with knowledge to the area. In mind we had the changing music industry, an evolution of the internet and viral marketing communication.To answer our research question we decided to conduct three interviews with people who worked at independent labels and had market communication as their area ofresponsibility. The three independent labels in our study were based in Sweden, except for one that is based in London, England as well as Stockholm, Sweden. We selected the independent labels based on their tendency to work with marketing communication in the social networks on the internet.

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..

Swedish clubfootball of today involves more money than ever before. This developmentdepends on the higher interest for football in Sweden which generates more revenues fromaudience and TV-contracts, which leads to more money from sponsors and an increasingmarket for selling souvenirs. Despite the fact that the increasing interest has generated morerevenues, we can still see reports in the media about economic problems in some clubs. Whatis the reason for this? Do the clubs have the ability and knowledge about economic controlthat it takes to run such a business as the clubfootball in Sweden has become?Purpose: The purpose of this study is to examine the economic control in a number of clubsplaying in the two Premier Divisons of the Swedish Football League.

Antidumpning är ett aktuellt ämne som ökat i omfattning under senare tid och som sedermera påverkar handelsflödet mellan länder i världen. I denna uppsats skildras EU:s antidumpningspolitik, från anmälan om dumpning till slutgiltiga åtgärder, problem och tänkbara effekter. Vidare kartläggs EU:s antidumpningsåtgärder mot asiatiska cykelproducenter samt vilka effekter dessa resulterar i. De länder som ingår i undersökningen är Kina, Taiwan, Vietnam, Indonesien, Malaysia och Thailand. Resultatet överensstämmer med de antaganden om importminskning, handelsomfördelning och prisökningar som tidigare forskning kommit fram till även om de inte är generellt applicerbara på alla länder i undersökningen då stora variationer förekommer..