Blar i Arbeidsnotater / Working Papers på forfatter "Nordal, Kjell Bjørn"
-
Banks’ Optimal Implementation Strategies for a Risk Sensitive Regulatory Capital Rule: A Real Options and Signalling Approach
Nordal, Kjell Bjørn (Working Papers;12/2006, Working paper, 2006)I evaluate a bank's incentives to implement a risk sensitive regulatory capital rule and to invest in improved risk measurement. The decision making is analyzed within a real options framework where optimal policies are ... -
Mean Reversion in Profitability for Non-Listed Firms
Nordal, Kjell Bjørn; Næs, Randi (Working Papers;29/2009, Working paper, 2009)The presence of mean reversion in profitability at the firm level is important for valuation and prediction of growth and earnings. We investigate the mean reversion in accounting profitability for Norwegian non-listed ... -
The Relationship Between Bankruptcy Risk and Growth for Non-Listed Firms
Nordal, Kjell Bjørn; Næs, Randi (Working Papers;31/2010, Working paper, 2010)We investigate the relationship between bankruptcy risk and expected future sales growth for Norwegian non-listed firms for the period 1988-2007. We find that firms with high bankruptcy risk also have high expected future ...