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Found 5 essays matching the above criteria.

1. 1. Tournament behavior of US corporate bond mutual funds: A non-parametric analysis

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Alexander Lötvall; David Eklund; [2016]
   Keywords : Tournament behavior; Risk shifting; Adverse incentives; Corporate bond mutual funds;

   Abstract : This thesis tests the tournament hypothesis on a data set of corporate bond mutual funds. According to the tournament hypothesis portfolios ranked as "losers" at an interim date will increase portfolio volatility to a greater extent than funds ranked as "winners". READ MORE

3. 2. Asset Allocation and a Low Interest Rate Environment

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Filip Holmström; William Lundgren; [2015]
   Keywords : Aggregated mutual fund flows; Risk-shifting; Search for yield; Monetary policy; Risk-taking channel;

   Abstract : This study analyses the effect of an expansionary monetary policy on risk-taking of investors in Sweden. By studying net money flows to mutual funds in Sweden we aim to provide an explanation to what variables affect investors' asset allocation decisions and how asset allocation changes in a low interest rate environment. READ MORE

4. 3. The Effect of Founding Family Ownership on Financial Constraints

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Philip Ahlgren; Daniel Nejman; [2015]
   Keywords : Family Firms; Financial Constraints; Information Asymmetries; Agency Costs;

   Abstract : This paper studies the effect of founding family ownership on financial constraints. We hypothesize that capital markets frictions arising from informational asymmetries and agency conflicts are mitigated by the presence of founding family shareholders, thus rendering lower financial constraints. READ MORE

5. 4. Design of Production Contracts : an examination of the Findus pea production contract

   University essay from SLU/Dept. of Economics

   Author : Åsa Andersson; Frida Thorstensson; [2012]
   Keywords : agricultural production contracts; pricing strategies; production economics; risk shifting;

   Abstract : The Swedish processor Findus contracts approximately 500 pea producers annually to secure the company’s supply of green peas for human consumption. A production contract, which has had roughly the same design for decades, regulates the relation between Findus and the pea producers. Agriculture is typically a risky business. READ MORE

6. 5. Risk Shifting and Mutual Fund Performance: A Swedish Perspective

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Johan Riben; Martin Gustavsson; [2012]
   Keywords : Risk Shifting; Fund Performance; Tracking Error; CAPM; Fama-French;

   Abstract : This thesis examines the performance consequences of risk shifting in mutual funds on the Swedish market between the years 2000-2011. By constructing a risk shifting measure based on tracking error volatility, we conclude that the funds that increase risk the most have experienced better performance than funds which decrease or keep stable risk levels over the sample period. READ MORE