We propose and investigate a valuation model for the income of selling tradeable green certificates (TGCs) in the Swedish-Norwegian market, formulated as a singular stochastic control problem. Our model takes into account the production rate of renewable energy from a "typical" plant, the...

This paper considers the functions of risk reporting to the board of directors among a sample of Norwegian power companies and banks. The concept of enterprise risk management is being promoted by legislators and is an emerging topic among practitioners and in the academic literature. There...

This paper studies the impact of expected transport accessibility improvement on house prices. We identify the effect exploiting a quasi-natural experiment created by the approval and construction of the Ryfast tunnel system in Rogaland, Norway, which shortened the travelling time to the...

In this paper we study Norwegian rights issues with focus on the announcement effects of raising seasoned equity. The abnormal returns at announcement in Norway are around −8% to −10% for rights issues, and this is much higher than what is found in other countries. The average book-to-market...