All research news from the Department of Business and Management science
`Shipping moves closer to 80 percent of the world’s cargo by volume, making transportation costs a critical economic factor´, says NHH researcher Gabriel M. Fuentes, himself from Panama.
Odin Alnæs' (26) empirical study on inheritance and economic inequality honored at the Department of Business and Management Science.
Øystein Foros and Erling Hjelmeng: Either the Competition Authority does not have the competence to assess the merger because Vy and Flytoget are part of the same group, or else an offense has been committed along the way.
Petter Bjerksund, Arnt Ove Hopland and Guttorm Schjelderup: If we remove the wealth tax, the effective tax is greatly reduced for the rich. For an investor, the tax drops from 21 percent to 15 percent just by assuming that the share capital is unlisted, not listed.
Gunnar S. Eskeland: The debate about cable cutting can cost us a lot.
NHH researchers who have had articles published in internationally high-ranked journals were this week rewarded with publication bonuses.
What does the average Norwegian really know about finance? The answer Emil Kristiansen and Snorre Helno received, surprised them.
Petter Bjerksund and Guttorm Schjelderup: Menon's "summary of knowledge" is tax propaganda. It polarises the debate, undermines NHO's reputation and prevents a tax policy compromise that could give companies stable tax framework conditions.
Ole-Andreas Elvik Næss: Although there are good arguments for the wealth tax to be reduced, there are not as good arguments for the corporation tax to be raised.
The very wealthiest benefit from a far lower effective tax burden compared to those earning slightly less, a new study shows.
Ole Kristian Dyskeland has received an award for the best PhD paper recently presented at a conference. The NHH doctoral student shares the prize with John S. Lilletvedt from UiB.
This week, NoCeT hosted the Conference on Tax Transparency, a gathering of international experts, policymakers, and industry leaders to tackle the global challenge of tax avoidance and evasion.
Petter Bjerksund, Guttorm Schjelderup and Floris T. Zoutman: Menon's tax report for NHO misleads readers. It inflates the importance of wealth tax and sets up calculations that falsely double the effective average tax rate.
The article "Auctioning Long-Term Projects under Financial Constraints" has been published in Review of Economic Studies.
Ole-Andreas Elvik Næss: Founders and small businesses deserve a tax debate that puts innovation at the centre, not a debate where the richest families get to dictate the terms.
Ole-Andreas Elvik Næss: Why are there so few in the public debate who care about tax relief for all?
Petter Bjerksund and Guttorm Schjelderup: It is not a good idea to remove the exemption method. But we can improve shareholder taxation by treating losses and gains from share sales equally, as well as raising the shielding rate.
When the 4th Norwegian Symposium on Tax Accounting gathered in Bergen recently, hosted by NoCeT and NHH, professor and organizer Maximillian Todtenhaupt said the event have fulfilled its purpose of bringing together some of the best researchers globally on tax accounting.
Ole-Andreas Elvik Næss and Magne Mogstad: The time is overdue for a critical review of the exemption method. But it is difficult to get a good debate going when there is NOK 3,100 billion on the opposite side of the debate.
Gunnar S. Eskeland: When profitability assessments are elevated to central offices that think "general", then there will be a rigid societal restructuring. The recipe causes expensive grabbing.
Two NHH researchers were among the winning initiatives selected to receive Engage.EU seed funding to create platforms for knowledge exchange.
`For researchers to make a difference, we need to stay connected to the challenges the industry is facing in the real world´, Professor Haiying Jia says.
If a case of academic misconduct for a PhD candidate can lead to expulsion, it is essentially a dismissal process. In that case, job protection goes out the window.
The government seeks a new law on defense and security procurement to enable Norway to acquire defense materials more quickly.
Gunnar S. Eskeland: The oil revenues have a whiff of both war profit and climate damage. We should probably give more to Ukraine and to climate measures in developing countries.
The article "Optimal platform pricing with multi-sided users: A direct and indirect network approach" has been published in European Journal of Operational Research.
The aviation industry has partnered with NTNU, NHH, Cicero, and Sintef to develop solutions aimed at reducing greenhouse gas emissions from Norwegian air traffic.
Ole-Andreas Elvik Næss: The Conservative Party and NHO want "old ladies with some wealth" to pay wealth tax, while the very richest should be exempt.
Gunnar S. Eskeland: Demands for zero emissions can become emissions cuts' worst enemy. The requirement for emission-free construction sites is a good example – an expensive miss.
`Either you are a beginner or a more seasoned programmer, you are welcome to join´, says host Lars Jaffke.
On Friday 30 August 2024 Cosku Can Orhan will hold a trial lecture on a prescribed topic and defend his thesis for the PhD degree at NHH.
Øystein Foros and Erling J. Hjelmeng: If the collaboration has resulted in higher prices, the customers can claim compensation.
The article "Endogenous Multihoming and Network Effects: PlayStation, Xbox, or Both?" has been published in Management Science.
Gunnar S. Eskeland: Politics must create expectations of private economic profitability from green solutions. It is the state's most important role in the transition.
‘Very motivating’, said Professor Steffen Juranek. He received this year's "Inspirational Teaching Award" and 250.000 NOK.
Guttorm Schjelderup: My NHH colleagues Jøril Mæland and Karin Thorburn want to remove wealth tax and are concerned with distribution. But they do not propose alternative and equally effective proposals for redistribution.
On Monday 27 May 2024 Christian Braathen will hold a trial lecture on a prescribed topic and defend his thesis for the PhD degree at NHH.
The article "Bi-level optimisation of subsidy and capacity investment under competition and uncertainty" has been published in European Journal of Operational Research.
On Tuesday 7 May 2024 Xuan Li will hold a trial lecture on a prescribed topic and defend her thesis for the PhD degree at NHH.
The Tax loop workshop at NHH this week: How to improve taxation of businesses and their owners.
The article "Problem-based scenario generation by decomposing output distributions" has been published in European Journal of Operational Research.
On Monday 6 May 2024 Benjamin Narum will hold a trial lecture on a prescribed topic and defend his thesis for the PhD degree at NHH.
Gabriel Fuentes: Shipping companies face a costly dilemma in the Red Sea. Houthi attacks mean vessels passing through the Suez Canal risk being hit with ballistic missiles. The alternative is to go around the Cape of Good Hope, adding more than 8,000 nautical miles to the journey.
On Friday 26 April 2024 Thomas Lange will hold a trial lecture on a prescribed topic and defend his thesis for the PhD degree at NHH.
The article "How do navy escorts influence piracy risk in East Africa? A Bayesian network approach" has been published in Risk Analysis.
Exemptions from VAT on repairs and second-hand goods have been a hot topic recent years. Now, NHH Professor Jarle Møen joins the committee that will examine VAT reductions for reuse.
Self-employed women underreport their income to the tax authorities more than men do; a new study shows. `We should perhaps reconsider assumed gender differences in this field´, says NHH researcher Julie Brun Bjørkheim.
Gunnar S. Eskeland: Removal of the deck on Statfjord A, of 45,000 tonnes, has been ordered. The lifting ship is ready, but put on hold: There is nowhere to put the deck. The clean-up in the North Sea is becoming problematic.
Jarle Møen: The term zero tax payer should be out of the debate.
Trond Døskeland: Spotting mispricing isn't for everyone; it requires certain benefits. It can be size, a long time horizon, high liquidity, high competence or low costs.
On Monday 12 February 2024 Azam Azad Gholami will hold a trial lecture on a prescribed topic and defend her thesis for the PhD degree at NHH.
NHH researcher and shipping expert Gabriel M. Fuentes is a former officer in the merchant navy with experience in navigating through the Gulf of Aden and the Suez Canal. He closely monitors the crisis in the Red Sea.
On Monday 22 January 2024 Mahnaz Fakhrabadi will hold a trial lecture on a prescribed topic and defend her thesis for the PhD degree at NHH.
14 employees at NHH are paid bonuses, after publication in leading international journals. A top publication results in a cash payment of NOK 120,000.
Øystein Foros and Erling J. Hjelmeng: There is presumably an extra good atmosphere at the publishers' Christmas tables, while there is a critical evaluation of their own misjudgments that is on the menu at the Competition Authority.
The article "The global minimum tax raises more revenues than you think, or much less" has been published in Journal of International Economics.
On Monday 11 December 2023 Kyriaki Tselika will hold a trial lecture on a prescribed topic and defend her thesis for the PhD degree at NHH.
On Tuesday October 3 2023 Atle Haugen will hold a trial lecture on a prescribed topic and defend his thesis for the PhD degree at NHH.
Evelina Gavrilova-Zoutman has been promoted to professor in the field of tax and public economics, and economics of crime.
Gunnar S. Eskeland: Jonas Gahr Støre is braving himself and showing power and muscle with the Melkøya decision - it can be smart. But he may have committed a tactical blunder by not resolving the Fosen tangle first.
Malin Arve, Steffen Juranek, Eirik Sjåholm Knudsen and Vincent Somville have been promoted to full professor at NHH Norwegian School of Economics.
Petter Bjerksund and Guttorm Schjelderup: The real tax rate is 20 percent of the company's profit this year for a typical investor with a large fortune in a wholly owned, unlisted company. It is lower than under the Stoltenberg government.
On Tuesday June 20 2023, Øivind André Strand Aase will hold a trial lecture on a prescribed topic and defend his thesis for the PhD degree at NHH.
The forthcoming Book Law will presumably increase the proportion of the English-language syllabus, also where students and lecturers prefer new Norwegian literature.
Three female NHH researchers kicked off the workshop series Closing the Circle at NHH this week.
Petter Bjerksund and Guttorm Schjelderup: NRK's tax debate is based on meaningless assumptions: All returns in the "Tangens oil fund" go to the "household budget" and must therefore be tax-free. Is the tax really the problem, not the withdrawal?
Petter Bjerksund, Guttorm Schjelderup and Floris T. Zoutman: Total tax on owners and companies in Norway is 13.5 percentage points higher than in the countries with which we should compare ourselves. Norway is on the wrong track.
Øyvind Thomassen: Two companies, Flikk and Flakk, produce electric car chargers and must invest NOK one billion each. Flikk's owner lives in Switzerland, Flakk's owner in Norway. Does Flakk have a disadvantage that prevents profitable growth?
Ten international NHH researchers have gone through a linguistic transformation. ‘They truly are amazing,’ says Kari Johanne Oma, who teaches Norwegian at NHH.
The article "Capital Regulations and the Management of Credit Commitments during Crisis Times" has been published in Review of Finance.
Since FIFA announced the 2026 World Cup is to feature 48 teams organized in 16 three-team groups, a lot of criticism has been raised by fans, media, and researchers.
Gunnar S. Eskeland: If the mills are not to be demolished, it is because the reindeer owners and developers come to an agreement.
`During my career I have met other women who are passionate about what they do, and they have fun doing so. They have made me want to be like them´, Associate Professor at NHH, Malin Arve says.
Gunnar S. Eskeland: The electricity support only so far amounts to half of the amount Norway will give Ukraine over five years. All the worse that it reinforces both energy scarcity and economic inequality.
NHH students Tobias Myrvoll (24) and Peder Undeli (25) wrote their master’s thesis on the price effects of the power cable between Norway and Germany. The Department of Business and Management Science awarded it master's thesis of the year.
NHH researchers Geir Drage Berentsen and Håkon Otneim will use statistics to help the business world adapt to the rapidly changing climate.
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.
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.
