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Diversifying the Swedish Market Portfolio

According to the Capital Asset Pricing Model (CAPM), the cost of equity estimates are a function of the systematic risk relative to the market portfolio. The market portfolio is a non-observable portfolio containing all investible assets in the world. CAPM is a well-established model in practice. However, most practitioners use an equity-only proxy to calculate the estimated cost of equity. In thi

The Moderating Effect of Absorptive Capacity upon Related and Unrelated Variety vis-a-vis Regional Growth - The Case of Swedish Regions

Empirical evidence for the growth effects of the concepts of related- and unrelated variety have been inconclusive since the introduction in 2007. This thesis contributes to the field by suggesting how the concepts of related- and unrelated variety may be moderated by the absorptive capacity found in a region. Absorptive capacity is suggested to work as a diffusion mechanism in relation to related