In line with Sloan (1996) but on European data (STOXX 600) we are investigating whether stock prices reflect information about future earnings contained in the accrual and cash flow components. The extent to which current earnings performance persists into the future earnings performance is shown to depend on the relative magnitudes of the cash and accrual components of current earnings. Moreover, we still find a significant positive excess return (Jensen?s alpha and size-adjusted return) by replicating Sloans (1996) hedge portfolio by taking a long position in the stock of firms reporting relatively low levels of accruals and a short position in the stock of firms reporting relatively high levels of accruals. However, we find no evidence of negative excess returns for companies with relatively high accruals, this somewhat lower the total excess returns for all the portfolios.

With this research we aim to examine foster parents and social workers perceptions about the relationship between foster parents and the foster child?s biological parents and their perceptions about the support to the foster parents in the contact with the child?s biological parents. The research will provide a deeper understanding of the actors? perceptions and explain possible differences in their opinions. This study has a qualitative approach and contains eight semi-structured interviews with foster parents and social workers in a smaller town in the south of Sweden.

1900-talets sista fyra decennier innebar stora förändringar för kyrkorna i såväl globalt som lokalt perspektiv. Två rörelser inom kristenheten spelade stor roll för utvecklingen: den ekumeniska rörelsen och den karismatiska rörelsen. Mötet mellan de etablerade kyrkorna och framför allt den karismatiska förnyelserörelsen var inte enkelt. Tonläget mellan dem var tidvis högt. Under 1980- och 90-talen skadades relationer mellan både människor och organisationer vid sådana möten.