Thesis (M.B.A.)--University of Hong Kong, 1982.

Thesis (M.B.A.)--University of Hong Kong, 1982. / Also available in print.

Hårdare krav ställs på leveranssäkerheten i de svenska elnätet. Kraven har ställts som följd av att flertal stormar och oväder har orsakat väldigt långa avbrott historiskt sett i Sverige. Det är nu olagligt att ha ett avbrott längre än 24 timmar. För att nå upp till kraven som ställs på leveranssäkerhet behöver nätföretag investera i sina befintliga nät. Generellt sett sker investering i att byta ut luftledning mot jordkabel. Fortum äger en 12 kV-linje i ett område lokaliserat nordöst om Charlottenberg som är drabbad av avbrott och har hög genomsnittlig ålder. Ett mer tillförlitligt elnät måste upprättas. I den här rapporten ges ett nätförslag som skulle leda till en förbättrad leveranssäkerhet och ökad tillförlitlighet. / Swedish legislation regarding network reliability has changed after the historic storm named Gudrun. It is now a violation to have interruptions in the distribution of electricity lasting longer than 24 hours. To reach needed reliability in the network, companies that distribute electricity need to invest in their existing grids. The general investment performed is exchanging overhead-lines to underground cables. Fortum is the owner of a 12 kV rural power-line, located northeast of Charlottenberg, Sweden. This power-line has interruptions and an overall high age. A more reliable network has to be planned. In this report, an alternative network is proposed, that would lead to improved reliability in the network.

This master thesis deals with causes and some of the main instituonal answers to the financial crisis of 2007-2009. The thesis also ppresents a brief historical overview of US financial crisis. The main aim of the first chapter is to decide whether the US historical crisis have something in common. The answer is that the past crisis really share something and the difference is rather in historical circumstances. The second chapter is dedicated to some of the financial crisis causes such as Community Reinvestment Act,Gramm Leach Bliley Act, Commodity Futures Modernization Act and also to the role of moral hazard. This thesis is of a firm belief that the only aspect that can be blamed is the phenomenon of moral hazard. The last chapter is focused on the main instituonal answers to the crisis. Dodd-Frank Act, Volcker rule, reorganization of derivative market, some of the changes in rating agencies regulation and also BASEL III consequences for capital requirements are all under the radar.

This thesis explains how ETF (Exchange Traded Fund) works and contains a comparative analysis of selected mutual funds (distributed in Czech Republic) net returns with comparable ETF funds investing into same equity category -- USA, World, European and emerging markets equities. The objective of the thesis is to find out if ETF funds can offer better net returns to the investor than common mutual funds.

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The thesis analyses the investment development path (IDP) of CEE countries and discusses their movement to its later stages, which is conditioned by in- crease in outward foreign direct investment (FDI). Providing evidence on data until 2012, it enables to test the impact of global financial crisis on the validity of IDP and the stages reached by particular CEE countries. Moreover, the thesis explores the effect of inward reinvestment of earnings on the ability to move to later stages through the relationship with outward FDI, which has not been tested in the literature yet. The thesis on a cross-sectional basis shows that: a) CEE countries follow IDP; however, when using subsamples, it holds only for more developed ones; b) contrary to literature before crisis, CEE countries did not reach the third stage of IDP, which suggests that crisis could have caused movement back along their IDP; c) reinvestment of earnings positively influ- ences outward FDI. According to the latter, countries with high reinvestment of earnings and inward FDI stock are identified and is concluded that they are likely to enter the third stage of IDP. However, further research is needed as also other determinants are relevant for outward FDI, not only reinvestment of earnings.