Advanced Search
MyIDEAS: Login to save this paper or follow this series

Statlig eierskap på Oslo Børs

Contents:

Author Info

Abstract

Vi analyserer hvordan Oslo Børs påvirkes av det direkte statlige eierskapet i norske selskaper. Vi har først sett om det er en ``statsrabatt'' på Oslo Børs. Ved å se på data fra 1989 til 2007 har vi funnet noen indikasjoner på en slik rabatt, en negativ sammenheng mellom lønnsomhet, målt ved Q, og direkte statlig eierandel, men denne sammenhengen var kun signifikant i første del av perioden, 1989--1997. Vi har også sett på den risikojusterte aksjeavkastningen for statens portefølje. Porteføljens alfa (risikojustert meravkastning) var ikke signifikant forskjellig fra null. Vi har til slutt sett på statlig eie og likviditet. Det er noen tegn til at statlig eierskap påvirker likviditet, målt ved spread, negativt i siste del av perioden. Sammenhengen mellom volatilitet og statlig eierskap er ustabil over tid, den skifter fra positiv til negativ.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://www1.uis.no/ansatt/odegaard/uis_wps_econ_fin/uis_wps_2009_25_odegaard.pdf
Download Restriction: no

Bibliographic Info

Paper provided by University of Stavanger in its series UiS Working Papers in Economics and Finance with number 2009/25.

as in new window
Length: 58 pages
Date of creation: 01 Jun 2009
Date of revision:
Publication status: Published in Praktisk Økonomi og Finans, 2009, pages 71-90.
Handle: RePEc:hhs:stavef:2009_025

Contact details of provider:
Postal: University of Stavanger, NO-4036 Stavanger, Norway
Web page: http://www.uis.no/research/economics_and_finance
More information through EDIRC

Related research

Keywords: government equity ownership;

Find related papers by JEL classification:

This paper has been announced in the following NEP Reports:

References

No references listed on IDEAS
You can help add them by filling out this form.

Citations

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:hhs:stavef:2009_025. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Bernt Arne Odegaard).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.