• Accounting Method Choice and Market Valuation in the Extractive Industries 

      Misund, Bård (Journal article; Peer reviewed, 2017-11)
      For more than 40 years, oil and gas companies have been able to choose between two competing methods for accounting for exploration activities. The implication is that two otherwise identical companies can report substantially ...
    • Accounting Method Choice and Market Valuation in the Extractive Industries 

      Misund, Bård (Journal article; Peer reviewed, 2017-11)
      For more than 40 years, oil and gas companies have been able to choose between two competing methods for accounting for exploration activities. The implication is that two otherwise identical companies can report substantially ...
    • Currency hedging in the Norwegian seafood industry 

      Helland, Fredrik; Bjerkelund, Simen (Masteroppgave/UIS-SV-HH/2016;, Master thesis, 2016-06-14)
      This paper examines the effect of currency hedging on the financial results, stock prices and firm value on ten seafood companies listed on the Oslo Stock Exchange. Running Monte Carlo simulations on a firm’s financial ...
    • Exploration vs. acquisition of oil and gas reserves: Effect on stock returns 

      Misund, Bård (Journal article; Peer reviewed, 2018-02-21)
      This paper examines how oil and gas companies’ reserves growth affects their share price returns. In particular we examine three issues affecting the relation between reserves changes and oil and gas firm returns. First, ...
    • Havbruksforvaltning mot 2030 – faglig sluttrapport 

      Robertsen, Roy; Mikkelsen, Eirik Inge; Karlsen, Kine Mari; Solås, Ann-Magnhild; Hersoug, Bjørn; Tveterås, Ragnar; Misund, Bård; Dahl, Irene Vanja; Osmundsen, Tonje Cecilie; Sørgård, Bjørn (Nofima rapportserie;, Research report, 2020)
      Prosjektet var organisert med fire delprosjekter, på hhv. produksjon, arealforvaltning, samarbeid og scenarioer med tanke på utviklingen fram mot 2030. • I 2030 bør samfunnet ha etablert andre reguleringsmekanismer på ...
    • Hedging efficiency of Atlantic salmon futures 

      Misund, Bård; Asche, Frank (Journal article; Peer reviewed, 2016-08)
      This article examines the hedging properties of Atlantic salmon futures. Hedging is important because it allows for mitigation of the risk of adverse price changes in the spot market. We examine the hedging efficiency of ...
    • Investment behaviour in the international oil and gas industry : essays in empirical petroleum economics 

      Mohn, Klaus (PhD thesis UiS;51, Doctoral thesis, 2008)
      High growth and welfare aspirations will require massive energy investment in the years ahead of us, especially in the non-OECD area. With more than 60 per cent of primary energy supply, oil and natural gas play a dominant ...
    • Supply and demand determinants of natural gas price volatility in the U.K.: A vector autoregression approach 

      Misund, Bård; Øglend, Atle (Journal article; Peer reviewed, 2016-06)
      Since 2008, the U.K. natural gas market has witnessed a marked drop in volatility. This fall has coincided with specific events in oil and gas sector such as the onset of the U.S. “shale gas revolution” and the subsequent ...
    • Valuation of proved vs. probable oil and gas reserves 

      Misund, Bård; Osmundsen, Petter (Journal article; Peer reviewed, 2017-09)
      Oil and gas reserves are the most important assets of oil and gas companies. A source of confusion for investors in oil companies, is that reserves quantities and values are uncertain estimates. Reserves are typically ...
    • Verdirelevansen av å rapportere biologiske eiendeler til virkelig verdi. En studie av norske lakseoppdrettselskaper 

      Misund, Bård (Journal article; Peer reviewed, 2016)
      Fra 2005 har børsnoterte oppdrettsselskaper regnskapsført levende fisk i sjø til virkelig verdi i henhold til IAS 41. Det kan virke som at oppdrettere har begrenset tiltro til biomassejusteringene til virkelig verdi, ...
    • Verdsettelse av Bakkafrost ASA 

      Mæland, Rune Hopsdal; Skimmeland, Eirik Wathne (Masteroppgave/UIS-SV-HH/2016;, Master thesis, 2016-06-08)
      Hensikten med denne masterutredelsen er å verdsette det færøyske lakseoppdrettsselskapet Bakkafrost ASA den 31.03.2016. Det estimeres en aksjeverdi som sammenlignes mot aksjeprisen i markedet, og på bakgrunn av den presenteres ...
    • Verdsettelse av Lerøy Seafood Group ASA 

      Carr, Jan Egil; Halaas, Per Haakon (Masteroppgave/UIS-SV-HH/2016;, Master thesis, 2016-06-13)
      Formålet med denne utredningen er å finne ut om Lerøy Seafood Group ASAs aksje er rett priset. Det er tatt utgangspunkt i aksjeprisen per 01.03.2016, som var på NOK 372. Det er utført både en fundamental verdsettelse av ...
    • Vertical integration and value-relevance: Empirical evidence from oil and gas producers 

      Misund, Bård (Journal article; Peer reviewed, 2016-12)
      Oil and gas exploration companies (E and Ps) exhibit large variations in earnings due to volatile oil and gas prices. Furthermore, their primary asset, oil and gas reserves, is accumulated through highly risky exploration ...
    • Who’s a major? A novel approach to peer group selection: Empirical evidence from oil and gas companies 

      Misund, Bård; Asche, Frank (Journal article; Peer reviewed, 2016-12)
      This study presents a novel approach to selecting comparable companies in equity valuation. While valuation multiples is probably the most common valuation method in practice, discounted cash flow and residual income ...