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This thesis explores how transaction costs affect the optimality of hedging when using Black-Scholes option pricing model. Further, a number of models developed to improve the hedging results of Black-Scholes, when accounting for transaction costs, are analysed and compared. To numerically evaluate these strategies, extensive Monte-Carlo simulations are generated and the results of the strategies
Widespread abuse of labour rights, leading to poor working conditions, is a major problem in many developing countries. Pressure from civil society has led international buyers to set up corporate codes of conduct (CoCs) and monitoring mechanisms, in order to ensure that labour rights are respected by their suppliers in these countries. However, research has shown that these efforts have been mode
During the last three decades, there has been a growing interest in the role of Micro and Small Enterprises (MSEs) as engines of economic development and pro-poor growth. In Bolivia, MSEs are the main source of employment but have alarmingly low levels of productivity. Therefore, the purpose of this study was to seek for an explanation of the relevance of MSEs´ growth in the Bolivian context as we
Being a global health concern, unintentional injuries are a burden of the developing world. Using a cross-sectional (survey) design with quantitative analysis of the data collected from 1928 households in Dar es Salaam, Tanzania, this study explored the influence of sex/gender roles, age and household well-being on non-fatal unintentional injuries among children under 18 years old in a low-income
African cooperatives are in the process to adapt to a liberalised economy where they are expected to function as independent business entities. So is also the case in Uganda where the competition on the free market puts pressure on cooperative performance. This thesis asks the question why some cooperatives fail in this context while others succeed and tries to find the answer in the organisationa
The Bunong indigenous minority who live in the North-East of Cambodia have experienced rapid change in the last decade. With the arrival of commercialised society has come the development agenda, which has sought the participation of minorities, but with only limited success. Using Long’s concept of ‘interface analysis’, the purpose of this study is to examine how cultural change has effected Buno
The project “ETT-Modular system for timber transport” investigates the possibilities of making logging shipments more effective, decrease their fuel consumption and road wear without compromising traffic safety. As part of this project a timber vehi-cle, the ETT-vehicle, that pulls four piles of timber, is 30 metres long, and has a gross combination weight of 90 tons, is tested on a distance betwe
Purpose: The purpose of this thesis is to investigate whether the length of the maturity profile of a firm’s debt has any implications for the capital structure. Theoretical perspectives: A deductive approach, using econometric methodology to examine the correlation ( if any) between the selected variables, and the significance (if any) of that correlation. The output of our econometric model is f
In the context of a global surge in attention towards reducing neonatal mortality in developing countries, this study explores how mothers in the Southern Province of Zambia describe their behavior to prevent and care for neonatal illnesses, and how this behavior is related to their beliefs on neonatal illness causation. Using an anthropological approach that is based on Kleinman’s (1980) local He
This study aimed at understanding perceptions of local water users concerning equitable management of small multipurpose reservoirs in Northern Ghana. Furthermore, its aim was to compare these perceptions with the concept of equitable management promoted by development projects, which stress creation of new institutions – Water User Associations (WUA) – for the equitable management to be achieved.
The purpose of this study was to increase the understanding of land grabbing from orphans by investigating the institutions governing orphans’ land rights. The questions that guided the research dealt with the formal and informal institutions governing orphans’ land rights, the major factors affecting orphans’ land rights, and what constitutes a legitimate claim on land for orphans. The field work
Increasing evidence on impacts from climate change an variability, suggests that poor rural communities in semi-arid sub-Saharan Africa need to adapt in order to reduce effects on their livelihoods. In semi-arid areas characterized by high poverty, small reservoirs even though most of them are performing below average, act as important assets that support a wide range of livelihoods. However, in t
This thesis is a case study on community-based water management and increased access to water through rainwater harvesting in rural Jordan. It also considers how women gain benefits through rainwater harvesting and their participation in community-based water management. Based on a holistic framework that merges community-based water management and water demand management, we examined Bayoudah vil
I takt med att organisationer växer hanterar de mer och mer information vilket innebär ett behov av en process, även kallad content life-cycle processen, för att samla in, hantera och publicera information på intranätet. Vidare hjälper content life-cycle processen organisationen att anpassa det man har, med det som anställda vill ha, så att organisationen kan leverera rätt information till rätt p
The overwhelming majority of disputes in Cambodia are handled in the informal justice system through mediation. Commune Councils are a vital component of the informal justice system, and their role as mediators is one of their most time-consuming duties. Currently, there is no national mediation program standardizing this function, resulting in Communes throughout the country performing dispute re
The purpose of this micro-ethnographic study was to bring to light the choices and strategies of poor people in reaction to what they imagined housing policies to be in Nicaragua. The analysis used four of Bourdieu’s concepts which are Habitus, Capital, Field, and Agency and his structuralistic constructivism and interpretivism within a mainly phenomenological approach. Both approaches emphasized
The aim of our study was to examine the relationship between creativity and wellbeing. The material for our study has been gathered through a questionnaire with self-assessment at one of Scandinavia's largest companies in the hotel industry. The questionnaire consisted of The organisational questionnaire (GEFA) and The measurement of wellbeing. In the study 90 questionnaires was distributed in
Latin America has throughout the years been home for different regional integration agreements. The two most recent examples of South American integration blocs are the Andean Community of Nations (CAN) and Mercado Común del Sur (Mercosur). This thesis focuses on the static effects of integration which are caused by the future inclusion of Venezuela, a new member to Mercosur. Moreover, Venezuela’s
Background: The literature reviewed in the context of this master’ programme frequently refers to the enormous and increasing flows of people in the global era (Dicken, 2007; Lechner, 2004; Yeates, 2008); consequently, these flows have different directions and motives and represent diverse types of migration and migrants. As a result, the pivotal point here is the specificity of scientific migrati
Uganda previously had the reputation of being Africa’s food basket, which unfortunately no longer is the case. To mitigate the downwards spiral of soil depletion many organisations, both governmental and non-governmental, introduce land-management systems to farmers, with agroforestry being one example. This study aims to elucidate the importance of the dissemination of information in the context
