Title: Overreaction on the Swedish stock market Seminar date:2008-01-30 Course:Nek K01- Bachelor Thesis in Economics (15 ETCS) Authors: Advisor:Oskar Herbe and Ludvig Persson Hossein Asgharian Key Words:Overreaction, Anomalies, Market Efficiency, Contrarian investment strategies Purpose:The purpose of this thesis is to test if the overreaction hypothesis as originally described by De Bondt and Thaler is a good explanation model for the Swedish stock market. Further, our intension is to divide the stock market into three segments by company size, in terms of market capitalization, to control for size effects. Method:We have conducted this study by analyzing Swedish stock data in the period of 1989-2007. Within this time span, using overlapping formation periods, we have constructed two types of portfolios, winner portfolios and looser portfolios. The portfolios represent the 30 per cent best performing respectively worst performing stocks in terms of returns.

Scania verkar på en global marknad med tillverkning på flera orter och en förutsättning för att kunna garantera kvalité på de produkter som levereras, oavsett vart de produceras, är ett konsekvent tillämpat standardiserat arbetssätt vid tillverkning och montering. Monteringsbeskrivningar - eller elementblad som de benämns på Scania är en viktig del i att kommunicera detta "standardiserade arbetssätt" över hela företaget och alla desstillverkningsenheter.Det s.k. standardiserade arbetssättet är relativt väl utvecklat mellan de verkstäder som monterar samma typ av huvudkomponenter, men i ett vidare perspektiv så förekommer det mellan olika enheter såväl skillnader i presentation av data i elementblad som arbetsmetoder för att ta fram dem. Det finns därför ett uttalat behov av att standardisera såväl framtagning som presentation av data i elementblad.Syftet med detta examensarbete har varit att utveckla och testa en effektiv arbetsprocess för att tidsätta och ta fram lättförståeliga elementblad med stöd av digitala underlag. Därmed har en koppling mellan processerna för digital provmontering och framtagning av elementblad skapats.

Recording and analyses of superovulation results and fertility records at the nucleus herd Viken The development of different reproductive technologies aim at increasing the number of progeny per individual parent, and in that improving the possibility of genetic progress. One technique, embryo transfer, have facilitated genetic dissemination and shortened the generation interval also in females. Nötcenter Viken is a company that run embryo collection and embryo transfer in the breeds Swedish Red and Swedish Holstein. It is located outside Falköping. Information is continuously gathered about cows tested at the nucleus herd.

Scania intends to introduce a new maintenance program for their rolling fleet. Withthis new program Scania hopes to increase their competiveness and add furthercustomer value. This thesis report is a mapping of the current maintenance program,along with its problematic features. Furthermore the report intends to describe thenew program, Condition Based Maintenance (CBM) and the problems that Scaniamust deal with before they can implement it.The report compiles basic information on how a mapping should be performed.Further on it will describe some of the theories of LEAN and leadership. Which aretwo of the most important features in this thesis work.The work has been performed through visits in different workshops, whereinterviews have taken place.

Ocean Modules Sweden AB is a small business active in the field of underwater technology. Thecompany was contacted by the Swedish Defense Materiel Administration (FMV) in order todevelop a new system that would conform to their specific requirements. Two students at theRoyal Institute of Technology (KTH) were consulted in conjunction of this project in order to aidthe development and conceptual design of the system.The primary users of the system are the divers of the Explosive Ordnance Disposal division (EOD)- a branch of the Swedish Armed Forces. The purpose of the product was to incorporate allnecessary functions required by the EOD divers into one single system. The main functions arecommunication between the surface operator and diver, video recording, still imaging, positioning,navigation and ocean floor mapping with sonar.

Scania utvecklar och tillverkar lastbilar, bussar, industri- och marinmotorer. Största delen av Scania Sverige ligger i Södertälje, där även den mesta utvecklingen av produkterna sker. Företaget är verksamt i ca 100 länder och har 34 000 anställda. Forskning och utveckling består av ca 2 400 anställda. [1]Scania Motormontering Södertälje tillverkar motorer för Scanias europeiska produktion av lastbilar och bussar.

With background in the acknowledgement of the current period of major change in the characteristics of traditional Swedish foreign policy, considering the membership in the European Union, as well as the new contextual scenarios that Sweden has been situated in after the end of the cold war, this thesis aims at scrutinizing the Swedish Foreign Policy from 1991 to 2010. The purpose of the thesis is further to localize continuity and change in the ideas which Sweden has explicitly stated in its foreign policy. Based on the theory of institutionalism, the thesis also aims to bring forward plausible explanations built on the main empirical findings. This has been done by identifying different types of goals and means within realism and liberalism as well as categorizing each theory within three ideal types.The chosen research method has been a qualitative text analysis with focus on an ideational analysis. The material on which the descriptive analysis is based upon is constituted by the annual statements of government policy in parliamentary debates on foreign affairs.The results of the thesis show that the ideas that are related to solidarity, consensus and active foreign policy are constant through the period of examination.

AbstractIn the heart of Paris, you will find Sweden?s only cultural center abroad. Since the early 70?s a wealth of cultural activities has been offered, and every year the center receives more than 100,000 visitors. The center is a branch of the Swedish Institute (Si), a public authority which promotes mutual relationships between Sweden and other countries through culture, education, science and business.

I denna uppsats undersöks hur värderelevansen i nordiska förvaltningsfastighetsbolags redovisning har påverkats i och med införandet av IAS 40,och värdering till verkligt värde den första januari år 2005. Värderelevans mäts i denna studie i styrkan av samvariationen mellan redovisningsposterna eget kapital och resultat och bolagens marknadsvärde.Alla förvaltningsfastighetsbolag som har funnits listade på Nasdaq OMX Nordic small-, mid- och large cap under samtliga av undersökningsåren (2000-2013) ingår i studien. De bolag som har noterats under undersökningsperioden ingår inte i studien, inte heller de bolag som varit registrerade under hela perioden men som bytt företagsinriktning till förvaltningsfastighetsbolag under den undersökta tiden ingår i studien.Den undersökta tidsperioden delas in i tre mindre perioder. En period som representerar läget innan införandet av IAS 40 (år 2000-2004) och två perioder som representerar läget efter (år 2005-2009, år 2010-2013). Studien genomförs med hjälp av multipla regressionsanalyser där de olika perioderna skiljs åt med hjälp av dummy-variabler.Studiens resultat visar att värderelevansen har ökat mellan period 1 och period 2.

The intention of this essay is to study the Swedish General Staff as a learning organisation during the period of 1914-1918 based on the theoretical work developed by the philosopher Bertil Rolf. Previous international research on the Prussian/German General Staff has shown that it is considered to be the first learning organisation in history. The Swedish General Staff was based on the German General Staff model and the focus of this study is to compare the development the tactics in Germany and Sweden regarding defence and attack in trench warfare. The questions are: How were the possibilities for gathering and analysing informa-tion affected by the war? Which conclusions were made for trench warfare in Swedish conditions? What experiences from the war and exercises in Swedish army were implemented in manuals and training?The conclusion of the study is that the Swedish General Staff was functioning as a learning organisation during the WWI through the ability to follow the international development, mainly in the Central Powers, and by modifying the experiences to the prevailing Swedish strategic and tactical conditions.

The purpose of this paper is to study whether or not stock returns increase abnormally over month ends on the Swedish stock exchange. Previous research has proven an international so called ?Turn-of-the-Month? effect where stock returns increase significantly over a few days around month ends. If the effect exists, it is a violation of Fama?s Efficient Market Hypothesis.

Svenska fondsparare intresserar sig alltmer för olika tillväxtmarknader. Årligen investeras sju procent av det svenska fondsparandet i Östeuropafonder, där Ryssland är den största marknaden. Denna studie syftar till att utvärdera Rysslandsfonder som är öppna för svenska småsparare med hjälp av CAPM, samt prestationsmåtten Jensens alfa, Sharpe- och Treynorkvoten. Studien omfattar 12 fonder under perioden 2007-2010 där daglig NAV-kursdata använts. Analysen är uppdelad där studien i period 1 analyserar hela perioden och i period 2 analyserar den andra halvan då 2008 års finanskris börspåverkan har minimerats.

The purpose of the present study is to describe adult second language learners? experiences of mathematics learning from a past and contemporary perspective. What experiences in mathematics do they bring? What does it mean to learn Mathematics through their new language?The study is based on life-world narratives from five second language students with another native language than Swedish. Today they all study at a Swedish folk high school, at upper secondary level and they have previously studied at this level in Mathematics. The result shows that the meeting with the Swedish school and folk high school context is confusing.

Scania står mitt i införandet av ett nytt CAD- och modellarkivsystem. Med införandet av dessa system öppnar sig nya möjligheter att hantera artikelinformation grafiskt som tidigare inte funnits. Med de nya systemen, Catia V5 och Enovia LCA, finns nu möjligheten att inleda processen mot att få 3D-modellen till informationsbärare.Examensarbetet syftar till att utvärdera och kartlägga möjligheterna för 3D-kravsättning med hjälp av FT&A modulen i Catia V5, för att få 3D-modellen som informationsbärare på Scania. FT&A modulen (Functional Tolerancing & Annotation) som utvärderats i arbetet kan bäst beskrivas som en mått- och toleranssättningsmodul för 3D-modellen. I utvärdering undersöktes förutom FT&A kompabiliteten mot Scanias ritningsstandarder, hur FT&A kravsatta modeller kan sparas ner i Enovia.För att få bättre förståelse för hur det dagliga arbetet med ritningar bedrivs på Scania genomfördes en undersökning med Scania medarbetare där nyckelpersoner från selekterade avdelningar intervjuades.

In fisheries, there is a long tradition to use catch data when evaluating changes in the stock and effects from harvesting. It is a common practice to use Catch Per Unit Effort (CPUE) as an index of population size, and several studies have investigated the properties of CPUE in relation to population abundance, spatial distribution and efficiency of gear. In research, catch rate on trap-transects is used as an index of abundance for wildlife species but CPUE is rarely applied as a tool in harvest management.In 1993, more than 60 000 km2 of the state managed mountain range in Sweden was opened to the public for small game hunting, under the responsibility of the county administrative boards in Jämtland, Västerbotten and Norrbotten. The total area is now divided into 332 hunting units (median=73 km2) and an internet based system is used to administer licences and reporting bag statistic. Each hunter has to register the results within two weeks after the hunt.