This assignment investigates the decisions that were made by Norway's Finance Minister Siv Jensen and Prime Minister Erna Solberg in 2016 to withdraw money from the Government Pension Fund Global in order to compensate for a governmental budget deficit. The starting point will be a brief overview over Norway’s economic situation and a look into the structure and the investment strategy of the oil fund.
The analysis of the decision to plunge into the fund is based on the Principal-Agent Theory and the Consumption-Saving Decision and therefore these theories are explained further on. The political decision is then analysed based on these theories, and outcomes of alternative decisions are depicted.
Table of Contents
I. Executive Summary
III. List of Figures
IV. List of Abbreviations
1 Introduction
2 Problem Definition
3 Objectives
4 Methodology
5 Main Part
5.1 A Brief Overview of Norway
5.2 Facts About the Oil Fund
5.2.1 About, Governance, History
5.2.2 Facts, Investments
5.2.3 Market Value and Inflow/ Withdrawal
5.3 Principal-Agent Theory
5.3.1 Basic Idea of Asymmetric Information and Trust
5.3.2 The Consumption-Saving Decision
5.4 Analysis of Political Decisions
6 Results
7 Conclusion
Appendices
I. ITM
i. Human Resource Management
ii. Marketing
iii. Corporate Finance
iv. Strategic Corporate Management
v. Business Law
vi. Soft Skills & Leadership Qualities
vii. Research Methods
viii. Management Decision Making
ix. Business Ethics and Sustainability
Bibliography
Analog
Digital
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