On Tuesday 21 February 2023 Gabriel Fuentes Lezcano will hold a trial lecture on a prescribed topic and defend his thesis for the PhD degree at NHH.
All research news from the Department of Business and Management science
Haiying Jia was recently appointed full professor at NHH. She is an expert on shipping and finance. During her PhD in UK, she worked as an investment analyst in London.
Øystein Foros and Frode Steen: Food prices skyrocket in February and July. It is normal, but the jumps were extra large last year.
On Thursday February 9 2023 Rasmus Noss Bang will hold a trial lecture on a prescribed topic and defend his thesis for the PhD degree at NHH.
Øyvind Thomassen: Sam Bankman-Fried and FTX are an extreme case, but the problem is far greater: Investors who are not afraid of being deceived should think again.
Petter Bjerksund and Guttorm Schjelderup: It creates a dynasty effect where wealth accumulates among the few.
Ola Kvaløy, Jarle Møen and Ragnar Torvik: The Norwegian Tax Commission is proposing a reform that will make it more worthwhile to work, especially for those with fairly low wages or high wages.
Gunnar S. Eskeland: Marketing Norwegian gas as "reliable" means that we must show understanding when our customers experience times of crisis. Støre should travel to Brussels and make Norway a leading and generous partner in the energy crisis.
On Thursday 12 January 2023 André Wattø Sjuve will hold a trial lecture on a prescribed topic and defend his thesis for the PhD degree at NHH.
Last week the EU Court Justice made a striking decision. The court says that a 2018 directive intended to mandate the collection and exchange of information about cross-border tax arrangements, violates the lawyer-client confidentiality.
Andreas Olden: If the Norwegian Tax Administration sends out a behavior oriented letter, we can almost count the impact in terms of the difference in kroner and øre that comes in as tax money after the letters.
Currently, tax transparency ranks high on governments’ agenda as being one of the key policy tools to reduce tax avoidance and evasion. This week NHH and SNF arranged a conference on tax transparency.
Gunnar S. Eskeland: The oil tax package is the story of a state which, in miserable, nocturnal proceedings on additional taxes, cannot take care of itself, but gives away the people's money to special interests, apparently without getting anything in return.
European Commission’s Marie Skłodowska-Curie Action has funded the research project TAXFAIR that aims to provide a knowledge-based framework for governments and policymakers around the world to implement an effective system for the automatic exchange of information.
Petter Bjerksund and Guttorm Schjelderup: The high-price tax will give us less clean power in both the short and long term. It is a textbook example of how a tax should not be launched.
The article "Balanced Scorecards: A Relational Contract Approach" has been published in Journal of Accounting Research.
Gunnar S. Eskeland: Experience, intuition and analysis indicate that tax relief will lead to investment and an increase in supply - also of renewable energy. So why propose tax increases both in general and for renewable energy now?
The article "Responsible Investment and Stock Market Shocks: Short-Term Insurance without Persistence" has been published in British Journal of Management.
Petter Bjerksund and Guttorm Schjelderup: The fixed price scheme has now got a loophole which makes it most profitable for the power producers to offer fixed price agreements to the customers who need it the least.
Øyvind Thomassen: It is not the level of household debt that will cause the next financial crisis.
«NHH Shipping Conference – LeaderShip» is coming up. Now, they announce the line-up of more than 15 top speakers from the business and academia.
The article "Energy Storage Operation and Electricity Market Design: On the Market Power of Monopolistic Storage Operators" has been published in European Journal of Operational Research.
Petter Bjerksund and Guttorm Schjelderup: The power producers' description of reality and arguments characterize the government's proposal for changes in power taxation. The proposal may have unintended effects that weaken competition and the power market itself.
The article "Withholding Taxes, Compliance Cost, and Foreign Portfolio Investment" has been published in Accounting Review.
Gunnar S. Eskeland: In Europe, maximum prices, rationing or export restrictions do not produce more energy - it produces more pain. But it may be better to make a partnership less binding than to see it break down.
Christian Braathen: Artificial intelligence is the solution to the lack of labor - if data quality is addressed. Organizations must prioritize data quality, be less concerned with "big data" and more concerned with good data.
Gunnar S. Eskeland: The population's demand to get their share of the gains from higher power prices is both natural and healthy.
NHH lecturers and statisticians Geir Drage Berentsen and Håkon Otneim employed a new approach to teaching during the pandemic. They’ve now received the Inspirational Teaching Award and the sum of NOK 250,000 to share between them.
On Friday 17 June 2022 Andreas Olden will hold a trial lecture on a prescribed topic and defend his thesis for the PhD degree at NHH.
The Tax commission of Høyre, the Norwegian Conservative Party, visited NHH on 20 May.
On Friday 10 June 2022 Nahid Rezaeinia will hold a trial lecture on a prescribed topic and defend her thesis for the PhD degree at NHH.
Øystein Foros and Erling J. Hjelmeng: The Norwegian Competition Authority speaks loudly against politicians' proposals for new rules on price differences in the grocery industry. But again, politicians seem more balanced and curious than the competition authorities.
Gunnar S. Eskeland: In any case, the Norwegian people are left with the bill - or the damage - after the clean-up in the North Sea, so we must handle the risk well: It can be sloppy, and we can miss out on value creation and reuse.
`With a future job in finance, this course is highly relevant´, says master's student Daniel Botten (25).
On Tuesday 26 April 2022 Ritvana Rrukaj will hold a trial lecture on a prescribed topic and defend her thesis for the PhD degree at NHH.
Gunnar S. Eskeland: You have to be careful with what you wish for: You can get it. We will not be left out when the world's energy use is challenged and changed.
Øyvind Bøhren and Per Ivar Gjærum: The new foreign cables turn upside down discussions about climate gains. Do we understand the dilemma?
Mohammed Mardan has been promoted to professor in the field of Business Economics.
Gunnar S. Eskeland: When we may become terribly rich in war and energy change in Europe: Maybe we should be a little ahead and prepared for the reactions we may encounter?
Gunnar S. Eskeland: If Norway were to be the country in Europe that rejects climate tariffs, many would get a good laugh, for example the USA, China and Brazil - and Groucho Marx.
Øystein Foros and Erling J. Hjelmeng: The Bar Association is organizing a boycott of the Supreme Court. With that, it can itself come into conflict with the law - the competition law. The Supreme Court of the United States has stamped a similar boycott as an cartel business.
Gunnar S. Eskeland: Profitability is improving, and wind turbines are becoming more and better, if cables keep the electricity market open.
Øyvind Thomassen: Expansive monetary policy does not provide higher prices or demand when the public does not want to loan for consumption.
Trond Døskeland: The Oil Fund's active return is positive, but it is small - NOK 170 billion since 1998, according to the analysis we have done for the Ministry of Finance.
Christian Braathen: Entrepreneurs often need financing to avoid having an additional job, outside the start-up company. On the other hand, investors demand that entrepreneurs work only with the start-up company before they finance.
Roar Ådland, among others, fiercely criticizes the International Maritime Organization for its Annual Efficiency Ratio (AER), the key measure to define how ships fare when the Carbon Efficiency Indicator (CII) starts in just over a year.
Øyvind Thomassen: The central banks are involved in a poker game where they have bluffed at least since the financial crisis. And they dare not do anything but raise in each round.
Embla Jansen and Stine-Mari Stavik are the winners of the ISACA Norway Chapters award for best master's thesis. They have examined how the stock market reacted to 42 of the world's largest hacks.
On Friday 17 December 2021 Andreas Ørpetveit will hold a trial lecture on a prescribed topic and defend his thesis for the PhD degree at NHH.
Lars Skaugen Strømholm and Raag August Sandal Rolfsen are the winners of the Best Master Thesis Award at the Department of Business and Management Science for 2021.
Gunnar S. Eskeland: Households and companies should get a share of the increase in value of Norwegian hydropower. Here is a suggestion for calculating the amount we should all get transferred to our accounts in winters like this.
Øyvind Thomassen: If house prices ever fall considerably that will lead to an economic decline. Will the government save highly leveraged homeowners?
Christian Braathen: Foundership contributes to extrem personal growth, but there is a dark side of the picture.
Øyvind Thomassen: Wealth tax is not significant when it comes to financing of new projects. The exception is small firms that have to finance investments with own funds.
Øyvind Thomassen: The extremely expansive monetary policy causes that income is mainly determined by how much you already have. The risk is that the support of the market economy disintegrates.
Øyvind Bøhren, Per Ivar Gjærum and Torkel Hasle: Our analysis shows disappointing emissions, that solar energy is unprofitable for society (and mostly also for the private owner), and misleading marketing.
Malin Arve: Government procurement is now meant to promote environment, innovation and technological development. But sufficient budgets and high competence is necessary, otherwise we could end up with poor and more expensive procurement.
The article "The tax-efficient use of debt in multinational corporations" has been published in Journal of Corporate Finance.
Øyvind Thomassen: The US central bank has, since March last year, printed new dollar bills worth more than three Norwegian oil funds, money they have spent on buying securities. Has that blown up the capacity in the economy and created lasting, troublesome inflation?
Associate professor Malin Arve has been appointed to an expert committee tasked with looking at how rules and reporting duties can be simplified. This could save businesses both time and money.
Øyvind Thomassen: Investment in new business activity may just as well be made with employment income as with a company's profit.
Jarle Møen: A country that does not have a living national technical language will not be able to conduct a well-informed public debate.
Øyvind Thomassen: It is contractors with good ideas, good noses and power of implementation that are lacking, not the capitalists money.
Arnt Ove Hopland and Aksel Mjøs: It is better with "English only" that "Norwegian only" if we have to choose.
Øyvind Thomassen: The Conservative Party should be the natural choice for all of us who believe in a Norwegian version of capitalism. Instead it has become the party supporting big capitalists.
Gunnar S. Eskeland: When we buy power we can let the water reservoirs be filled up, and in that way move low-priced power to more valuable moments - or to battery production. It would be a complete waste not to do so.
Øyvind Thomassen: It is always the rich people, those with the biggest possessions of shares and property, who are saved by the central banks.
Øyvind Thomassen: A new Norwegian Parliament, where the central point has shifted towards the centre and the left, has a unique opportunity to pass a progressive wealth tax that should have a far broader appeal among voters than the current wealth tax.
Knut K. Aase and Petter Bjerksund: The optimal spending rate from the fund is significantly less than the fund’s expected real rate of return. The optimal spending rate ensures that the fund will last “forever”, but spending the expected return (following the fiscal rule, "handlingsregelen") will deplete the fund with probability one.
Petter Bjerksund and Guttorm Schjelderup: Research does not support the statement that wealth tax makes Norwegian investors less willing to own firms.
The article "Cross-border effects of R&D tax incentives" has been published in Research Policy.
The article "Cancer and Portfolio Choice: Evidence from Norwegian Register Data" has been published in Review of Finance.
Guttorm Schjelderup and Kristine Sævold: Nicolai Tangen's way to organize his fortune and business may be read as a classic, aggressive, tax planning structure. It is stirring that The central bank of Norway does not see that this is a possible perspective.
Øystein Foros: This will only change if the price difference becomes so big that ecological-conscious customers stop buying ecological.
Gunnar S. Eskeland: New, green solutions must not be slowed down by established firms and tehcnologies' alliances and cooperation. Future development has none or weak owners and no political ties.
Christian Braathen: Even though conversion and green shift is important, it is not enough. We also have to make better use of today's resources.
The containerized shipping industry has been essential to global commerce for its low shipping costs. However, high freight rates are starting to have an impact on consumer goods. Roar Ådland is interviewed on this by The Maritime Executive.
The article "Keep it in house or sell it abroad? A framework to evaluate fairness" has been published in European Journal of Operational Research.
Petter Bjerksund: If the employee it to be treated like a founder, the new tax proposal for employee options should be supplemented.
A new expert committee will evaluate Norwegian power supply and the electricity grid. NHH Professor Mette H Bjørndal is appointed member of the expert group.
On Wednesday 16 June 2021 Somayeh Rahimi Alangi will hold a trial lecture on a prescribed topic and defend her thesis for the PhD degree at NHH.
`Early imposition of full international travel restrictions appears to have reduced the growth in per capita cases and fatalities associated with COVID-19 in Nordic countries in 2020´, Professor Stein Ivar Steinshamn says.
Øystein Foros and Erling J. Hjelmeng: UEFA's Sopranos-like methods to stop the new competitor goes against the competition rules of the European Union.
Gunnar S. Eskeland: The world and Norway are making gross errors in the climate politics when it comes to the treatment of farming and forests. For Norway this opens up an important potential in the primary industries' farming and aquaculture.
`Because of the relatively quick solution, the incident is not likely to have a long-term effect on the shipping industry´, says NHH Professor Roar Ådland to Al-Ahram Weekly.
Did you miss out on the NHH mini conference on financial secrecy 24 March? The conference was digital and you now can watch the video and listen to experts discussing if financial institutions are capable of detecting criminal activity, as required by the regulations.
The article "Good mine, bad mine: Natural resource heterogeneity and Dutch disease in Indonesia" has been published in Journal of International Economics.
The article "The locally Gaussian partial correlation" has been published in Journal of Business & Economic Statistics.
Tax evasion, bribery and fraud can be part of apparently legitimate business. Are the financial institutions capable of detecting criminal activity, as required by the regulations?
Master's degree students Andreas Vestre and Kristian Wøien Stø felt there was a lack of quantitative research on the effect of working from home. Their data analysis indicates that many make more efficient use of their working hours when working from home.
The article "International taxation and productivity effects of M&As" has been published in Journal of International Economics.
Our PhD student Benjamin Narum is the 2019 - 2020 recipient of the NORS Best Master Thesis in Operations Research.
Gunnar S. Eskeland: Investments in "green" funds and companies – Scatec Solar, Tesla – has resulted in amazing returns, and some think that so it will be in the future as well. It would be a pity if they are proven right.
Head of NoCeT, Guttorm Schjelderup, was among the speakers in a big Norad webinar on illegal capital flight.
Mario Guajardo was recently awarded a diploma in the final of 2020 Daniel H. Wagner Prize for his paper «Scheduling the Main Professional Soccer League of Argentina»
The article "When Risk Perception Gets in the Way: Probability Weighting and Underprevention" has been published in Operations Research.
It will take a significant carbon levy, which more than doubles current fuel prices, to sufficiently push shipping's green transition in the way Norwegian and Danish shipowners call for, Roar Ådland tells ShippingWatch.
Petter Bjerksund: Has the Labour Party thought that, once again, it should be profitable to convert earned income into capital income? Or does the party intend to increase the dividend tax by 2,3 percentage points?
Jarle Møen: Small firms are, in many cases, taxed more favourably than houses. Will even more favourable taxes on "working capital" really lead to more jobs?
Malin Arve and Eirik Gaard Kristiansen: Perhaps everybody has not considered that they actually have taken part in an auction.