• Bitcoin and payment systems 

      Ydstebø, Espen; Sandvoll, Vegard Fosse (Masteroppgave/UIS-HH/2018;, Master thesis, 2018-06-15)
      We study the relationship between Bitcoin and traditional payment systems and the financial sector. The payment systems we will do the study with are Visa, MasterCard, Western Union, American Express and PayPal. We study ...
    • Determinants of oil and gas investments on the Norwegian Continental Shelf 

      Berntsen, Martin A.S; Bøe, Kristine; Jordal, Therese; Molnar, Peter (Journal article; Peer reviewed, 2018-02)
      This paper studies the investment decisions by oil and gas companies operating on the Norwegian Continental Shelf. We account for the heterogeneity across the fields by including field-specific variables, including geological ...
    • Do political risks harm development of oil fields? 

      Bøe, Kristine; Jordal, Therese; Mikula, Stepan; Molnar, Peter (Journal article; Peer reviewed, 2018-01-11)
      We examine the impact of political risks and financial development on investments in the petroleum industry utilizing a unique dataset of investments in individual oil and gas fields around the world. We find that the ...
    • Electrical vehicles in Norway 

      Cader, Fathima (Master thesis, 2021)
      With the increasing importance of environment conservation, there has been an increased focus on electrical vehicles. Electrical vehicles are a growing phenomenon globally and Norway is the country with the highest number ...
    • Event study on changes in capital structure and volatility 

      Petkevic, Kristina; Helleland, Tatyana (Masteroppgave/UIS-SV-HH/2017;, Master thesis, 2017-06-15)
      The authors of this paper test whether the changes in the capital structure and more specifically the changes in Debt to Equity ratio can explain the changes in the implied volatility and realized volatility. In addition, ...
    • Fear of the coronavirus and the stock markets 

      Lyocsa, Stefan; Baumöhl, Eduard; Vyrost, Tomas; Molnar, Peter (Peer reviewed; Journal article, 2020-08)
      Since the outbreak of the COVID-19 pandemic, stock markets around the world have experienced unprecedented declines amid high uncertainty. In this paper, we use Google search volume activity as a gauge of panic and fear. ...
    • Impact of Oil Price Changes on Wage Formation in Norway between 1970 and 2016. A time series analysis of macroeconomic effects. 

      Onyszko, Martyna (Master thesis, 2017-06)
      In this paper, I would like to shed light on the issue as to how the impact of fall in oil demand does affect the Norwegian wage formation in years 1970 to 2016, using a dataset to determine long-term relationships between ...
    • Impact of temperature on clean energy stock returns 

      Strandheim, Tormod; Sanne, Morten (Masteroppgave/UIS-HH/2020;, Master thesis, 2020-07-06)
      This study examines the effect temperature has on stock returns, and whether clean energy stocks respond differently to temperature than the general stock market. The paper focuses on three different indices; a clean energy ...
    • Impact of wind and solar production on electricity prices: Quantile regression approach 

      Do, Linh Phuong Catherine; Lyocsa, Stefan; Molnar, Peter (Peer reviewed; Journal article, 2019-08)
      We study the impact of fuel prices, emission allowances, demand, past prices, wind and solar production on hourly day-ahead electricity prices in Germany over the period from January 2015 until June 2018. Working within a ...
    • Implied Volatility and Rebalancing Timing: Market cycles and the relationship between implied volatility indices and stock index returns. 

      Holst, Niklas; Rønning, Harald (Masteroppgave/UIS-SV-HH/2017;, Master thesis, 2017-06-14)
      This paper studies market timing based upon the level of the VIX and compares VIX based portfolio rotations with modern rebalancing practices. The thesis analyses the outcomes of the different rebalancing and trading ...
    • Leverage Effect in Equity Markets Around the World 

      Horpestad, Jone Byberg; Olsen, Torbjørn Bigseth (Masteroppgave/UIS-SV-HH/2017;, Master thesis, 2017-06)
      Equity indices are known to exhibit an asymmetric leverage effect, meaning that negative returns have a greater impact on volatility than positive returns of the same magnitude. We reevaluate the presence of leverage effect ...
    • Money demand and quality of institutions 

      Skaar, Morten Rossland; Torp, Kim Andre Brynthe (Masteroppgave/UIS-SV-HH/2017;, Master thesis, 2017-06)
      We study which variables can explain the demand for cash across countries. Our study is based on 11 years of data for 45 countries ranging from low income to high income. As expected, we find that GDP per capita is positively ...
    • Oil Price and Equity Markets: Modeling Co-Movement and Conditional Value at Risk 

      Solvang, Jørn; Aarø, Thomas (Masteroppgave/UIS-SV-HH/2017;, Master thesis, 2017-06-13)
      This paper studies the co-movement between oil prices and stock markets during the period 2006 – 2017 utilizing quantile regression. The studied stock indices are AEX, BOVESPA, CAC40, DAX30, EUROSTOXX50, FTSE100, SMI, ...
    • Range-based DCC models for covariance and value-at-risk forecasting 

      Molnar, Peter; Fiszeder, Piotr; Fałdziński, Marcin (Peer reviewed; Journal article, 2019-08)
      The dynamic conditional correlation (DCC) model by Engle (2002) is one of the most popular multivariate volatility models. This model is based solely on closing prices. It has been documented in the literature that the ...
    • Retail investors and the stock market: Evidence from Robinhood online broker 

      Gebory, Ali Josef; Sæbø, Domingo Erlend (Master thesis, 2021)
      We study how is the popularity among Robinhood investors related to stock returns, volatility and trading volume for the companies listed on the New York Stock Exchange. Robinhood is an online broker focused on retail ...
    • Selection factors for behavioral intention regarding electric vehicles in Norway 

      Hussein, Veger; Sværen, Eirik (Masteroppgave/UIS-HH/2020;, Master thesis, 2020-06)
      Norway has acted as a laboratory for electric vehicles. It has taken a leading role in the introduction of electric vehicles and the development of a sustainable electric vehicle market. According to a recent report from ...
    • Sustainability Considerations: Optimizing Vår Energi’s Inventory Strategy. 

      Barbo, Kristina Årsland Køste (Master thesis, 2021)
      Vår Energi, a newly merged oil and gas company, is struggling to align their processes and create a unified inventory strategy. Not only do they need to consider the internal differences but also an industry-wide focus on ...
    • The Forward Premium in the Nord Pool Power Market 

      Haugom, Erik; Hoff, Guttorm Andre; Molnar, Peter; Mortensen, Maria; Westgaard, Sjur (Journal article; Peer reviewed, 2018-03)
      This article investigates the forward premium of futures contracts in the Nordic power market for the time period from January 2004 to December 2013. We find that futures prices are biased predictors of the subsequent spot ...
    • The Impact of Change in Oil Price on Inflation in Norway 

      Osman, Akbar (Masteroppgave/UIS-HH/2018;, Master thesis, 2019-01-17)
      In this thesis, I investigated the effect of oil price fluctuation on consumer price inflation in Norway. I applied the vector autoregression (VAR) model – one of the most popular approach in macroeconomic multivariate ...
    • The potential observation of greenium in the Nordic bond market 

      Hersvik, Ola Magnus; Lie, Mads Angeltveit (Master thesis, 2021)
      Abstract This thesis investigates the impact of investors return on green bonds in the Nordic bond market. We utilize a dataset consisting of 1246 bonds in the Nordic region over the period of January 1, 2014 – December ...