What factors aect the Oslo Stock Exchange?

This paper analyzes return patterns and determinants at the Oslo Stock Ex-change (OSE) in the period 1980{2006. We nd that a three-factor model con-taining the market, a size factor and a liquidity factor provides a reasonable t forthe cross-section of Norwegian stock returns. As expected, oil prices signicantlyaect cash ows of most industry sectors at the OSE. Oil is, however, not a pricedrisk factor in the Norwegian stock market...

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Year of publication:	2009-11-01
Authors:	Næs, Randi ; Skjeltorp, Johannes A. ; Ødegaard, Bernt Arne
Institutions:	Universitetet <Stavanger> / School of Business Administration
Subject:	Preisbildung \| pricing \| Modell \| Kursfeststellung \| Momentenmethode

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Extent:	494592 bytes 61 p. application/pdf
Series:	Universitetet i Stavanger - School of Business Administration - Publications UiS Working Papers in Economics and Finance ; 33/2009
Type of publication:	Book / Working Paper
Language:	English
Classification:	E44 - Financial Markets and the Macroeconomy ; G12 - Asset Pricing ; Corporate finance and investment policy. General ; Management of financial services: stock exchange and bank management science (including saving banks) ; Individual Working Papers, Preprints ; Norway
Source:	USB Cologne (business full texts)

Persistent link: https://www.econbiz.de/10009305197