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Bård Misund

Professor

Avdeling for samfunnsøkonomi og finans
EOJ 230
Bio

Profile

Valuation and risk are the overriding themes for Misund’s research. He has published nearly 30 articles in peer-reviewed scientific journals, as well as numerous op-eds and letters to the editor, on topics such as valuation of energy and commodity companies, risk and risk management of commodities, and the pricing of complex projects and assets. One strand of research examines how firm’s market values are affected by financial and operational information reported by energy and commodity industry companies. Another line of research investigates the behavior of energy and commodity spot and futures prices, and how they impact companies’ market values and stock returns. Since commodity industries are characterized by a high level of risk, this work entails dynamic estimation of volatility, correlation and volatility spillovers, as well as identifying risk management strategies to deal with market risk (e.g. optimal hedging strategies). A third research area studies how investment strategies of commodity companies impact stock valuations. The fourth and final research thread deals with the taxation of commodity companies, and the impact of taxation on valuations.

 

Expertise

Bård has more than 15 years of industry experience from the energy sector, and from other commodities industries such as seafood. His areas of expertise include:

·Valuation of complex investment projects (incl. real options)

·Business and Equity valuation

·Financial Statement analysis

·Analysis of commodity price behaviour and risk

·Risk management (hedging) commodity price risk

·Taxation in commodity markets

 

Background

After completing his PhD in Industrial Economics at the University of Stavanger, Bård started as a Senior Economist in Equinor ASA (formerly Statoil ASA) working on the valuation of investment projects and long term sales contracts. He was promoted to a Leading Advisor after 2 years, and a Specialist (advisor) in Valuation after 4 years. His job was to advise analysts and management on valuation of complexities in project and business valuation, as well as energy derivatives and assets with embedded flexibility.

 

Prior to joining Equinor, Bård worked in other commodities industries (incl. seafood), building competence in asset valuation, financial analysis, financing, mergers and acquisition, and IPO's.

 

Teaching interests

·Valuation

·Financial Statement Analysis

·Derivatives and Risk Management

·Investments

 

Research areas

·Business and project valuation

·Value-relevance of oil and gas company financial information

·Market valuation of oil and gas companies

·Taxation in Commodities industries (resource rent taxation, petroleum taxation)

·Risk factors affecting the return on oil and gas companies stocks

·Commodity price behavior (cointegration, spot-forward relationship, price discovery, volatility modeling)

·Energy and commodity derivatives

 

Research groups

I belong to the following research groups:

1. UiS EREE – Research Group for Energy, Resource and Environmental Economics (UiS EREE)

2. UiS Energy Finance – Research Group for Energy Finance at the University of Stavanger Business School

3. Capital Market Research in Accounting

4. Finance Group at UiS Business School (UiS Finance)

 

Research funding

My research is funded by the Research Council of Norway (RCN) and Fiskeri- og havbruksnæringens Forskningsfinansiering (FHF). FHF is 100% owned by the Norwegian Ministry of Industry and Fisheries.

 

Keywords: Valuation, Finance, Financial Statement Analysis, Derivatives, Options, Futures, Forward Contracts, Real Options, Hedging, Risk Management, Gas Storage, Swing Options, Tolling Agreements, Oil and Gas, Atlantic Salmon, Salmon Farming, Commodity Markets, Oil Prices, Gas Prices, Electricity Prices, Salmon Prices, Aquaculture, Volatility, Correlation, Cointegration, Risk Premium, Convenience Yield, GARCH.

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Publications
  • Vitenskapelige publikasjoner
    • Asche, Frank; Misund, Bård; Tveterås, Ragnar

      (2020)

      Determinants of variation in aquaculture profits

      Social Science Research Network

      ISSN 1556-5068.

    • Tveterås, Ragnar; Misund, Bård

      (2020)

      Sustainable growth, resource rent and taxes in aquaculture

      Social Science Research Network

      ISSN 1556-5068.

    • Misund, Bård; Osmundsen, Petter

      (2019)

      Oil and gas investments: effect of oil price fluctuations

      IAEE International Conference

      ISSN 1559-792X.

    • Misund, Bård

      (2018)

      Volatilitet i laksemarkedet

      Samfunnsøkonomen

      ISSN 1890-5250.

      Volum 132.

      Hefte 2.

      s.41-54.

    • Misund, Bård

      (2018)

      Common and fundamental risk factors in shareholder returns of Norwegian salmon producing companies

      Journal of Commodity Markets

      ISSN 2405-8513.

      Volum 12.

      s.19-30.

      DOI: 10.1016/j.jcomm.2017.12.007

    • Misund, Bård

      (2018)

      Volatility Spillovers In The UK Natural Gas Market

      IAEE International Conference

      ISSN 1559-792X.

    • Asche, Frank; Misund, Bård; Oglend, Atle

      (2018)

      The case and cause of salmon price volatility

      Marine Resource Economics

      ISSN 0738-1360.

      Volum 34.

      Hefte 1.

      s.23-38.

      DOI: 10.1086/701195

    • Misund, Bård

      (2018)

      Exploration vs. acquisition of oil and gas reserves: Effect on stock returns

      Cogent Economics & Finance

      ISSN 2332-2039.

      Volum 6.

      Hefte 1.

      s.1-18.

      DOI: 10.1080/23322039.2018.1443368

    • Misund, Bård; Sikveland, Marius

      (2018)

      Takeover likelihood in the oil and gas industry: firm-specific, macroeconomic or industry-specific causes?

      Journal of Energy Markets

      ISSN 1756-3607.

      Volum 11.

      Hefte 1.

      s.1-19.

      DOI: 10.21314/JEM.2018.170

    • Misund, Bård; Nygård, Rune

      (2018)

      Big Fish: The valuation of the world's largest salmon farming companies

      Marine Resource Economics

      ISSN 0738-1360.

      Volum 33.

      Hefte 3.

      s.245-261.

      DOI: 10.1086/698447

    • Misund, Bård; Øglend, Atle; Pincinato, Ruth Beatriz

      (2017)

      The Rise of Fish Oil: from Feed to Human Nutritional Supplement

      Aquaculture Economics & Management

      ISSN 1365-7305.

      Volum 21.

      Hefte 2.

      s.185-210.

      DOI: 10.1080/13657305.2017.1284942

    • Misund, Bård

      (2017)

      Accounting Method Choice and Market Valuation in the Extractive Industries

      Cogent Economics & Finance

      ISSN 2332-2039.

      Volum 5.

      Hefte 1.

      s.1-14.

      DOI: 10.1080/23322039.2017.1408944

    • Misund, Bård

      (2017)

      Reserves Replacement and Oil and Gas Company Shareholder Returns

      IAEE International Conference

      ISSN 1559-792X.

      DOI: 10.21314/jem.2017.167

    • Misund, Bård

      (2017)

      Financial ratios and prediction on corporate bankruptcy in the Atlantic salmon industry

      Aquaculture Economics & Management

      ISSN 1365-7305.

      Volum 21.

      Hefte 2.

      s.241-260.

      DOI: 10.1080/13657305.2016.1180646

    • Misund, Bård; Mohn, Klaus; Sikveland, Marius

      (2017)

      Exploration risk in international oil and gas shareholder returns

      Journal of Energy Markets

      ISSN 1756-3607.

      Volum 10.

      Hefte 4.

      s.1-22.

      DOI: 10.21314/JEM.2017.167

    • Misund, Bård; Osmundsen, Petter

      (2017)

      Valuation of proved vs. probable oil and gas reserves

      Cogent Economics & Finance

      ISSN 2332-2039.

      Volum 5.

      Hefte 1.

      DOI: 10.1080/23322039.2017.1385443

    • Misund, Bård; Osmundsen, Petter

      (2016)

      Probable Oil & Gas Reserves: Effect on Returns

      IAEE International Conference

      ISSN 1559-792X.

      DOI: 10.1080/23322039.2018.1443368

    • Asche, Frank; Misund, Bård; Øglend, Atle

      (2016)

      The Spot-Forward Relationship in the Atlantic Salmon Market

      Aquaculture Economics & Management

      ISSN 1365-7305.

      Volum 20.

      Hefte 2.

      s.222-234.

      DOI: 10.1080/13657305.2016.1156192

    • Asche, Frank; Misund, Bård; Øglend, Atle

      (2016)

      Determinants of the Atlantic salmon futures risk premium

      Journal of Commodity Markets

      ISSN 2405-8513.

      Volum 2.

      Hefte 1.

      s.6-17.

      DOI: 10.1016/j.jcomm.2016.07.001

    • Misund, Bård; Øglend, Atle

      (2016)

      Supply and demand determinants of natural gas price volatility in the U.K.: A vector autoregression approach

      Energy

      ISSN 0360-5442.

      Volum 111.

      Hefte September.

      s.178-189.

      DOI: 10.1016/j.energy.2016.05.124

    • Misund, Bård

      (2016)

      Valuation of salmon farming companies

      Aquaculture Economics & Management

      ISSN 1365-7305.

      Volum 22.

      Hefte 1.

      s.94-111.

      DOI: 10.1080/13657305.2016.1228712

    • Asche, Frank; Misund, Bård

      (2016)

      Who's a major? A novel approach to peer group selection: Empirical evidence from oil and gas companies

      Cogent Economics & Finance

      ISSN 2332-2039.

      Volum 4.

      DOI: 10.1080/23322039.2016.1264538

    • Misund, Bård

      (2016)

      Vertical integration and value-relevance: Empirical evidence from oil and gas producers

      Cogent Economics & Finance

      ISSN 2332-2039.

      Volum 4:1264107.

      DOI: 10.1080/23322039.2016.1264107

    • Misund, Bård

      (2016)

      Verdirelevansen av å rapportere biologiske eiendeler til virkelig verdi. En studie av norske lakseoppdrettselskaper

      Praktisk økonomi & finans

      ISSN 1501-0074.

      Volum 32 [i.e. 33].

      Hefte 4.

      s.437-451.

      DOI: 10.18261/issn.1504-2871-2016-04-12

    • Misund, Bård; Asche, Frank

      (2016)

      Hedging efficiency of Atlantic salmon futures

      Aquaculture Economics & Management

      ISSN 1365-7305.

      Volum 20.

      Hefte 4.

      s.368-381.

      DOI: 10.1080/13657305.2016.1212123

    • Misund, Bård; Øglend, Atle

      (2015)

      The Effect of Supply and Demand Shocks on the U.K. Natural Gas Price Volatility

      IAEE International Conference

      ISSN 1559-792X.

      DOI: 10.1016/j.energy.2016.05.124

    • Misund, Bård; Osmundsen, Petter; Sikveland, Marius

      (2015)

      International oil company valuation: the effect of accounting method and vertical integration

      Petroleum Accounting and Financial Management

      ISSN 1554-2904.

      Volum 34.

      Hefte 1.

      s.1-20.

    • Misund, Bård; Osmundsen, Petter

      (2015)

      The value-relevance of accounting figures in the oil & gas industry: cash flow or accruals?

      Petroleum Accounting and Financial Management

      ISSN 1554-2904.

      Volum 34.

      Hefte 2.

      s.90-110.

    • Misund, Bård; Osmundsen, Petter; Sikveland, Marius

      (2014)

      VERTICAL INTEGRATION AND VALUATION OF INTERNATIONAL OIL COMPANIES

      IAEE International Conference

      ISSN 1559-792X.

      DOI: 10.2139/ssrn.2508478

    • Asche, Frank; Misund, Bård; Sikveland, Marius

      (2013)

      The relationship between spot and contract gas prices in Europe

      Energy Economics

      ISSN 0140-9883.

      Volum 38.

      s.212-217.

      DOI: 10.1016/j.eneco.2013.02.010

    • Mohn, Klaus; Misund, Bård

      (2011)

      Shifting sentiments in firm investment: an application to the oil industry

      Applied Financial Economics

      ISSN 0960-3107.

      Volum 21.

      Hefte 7.

      DOI: 10.1080/09603107.2010.534060

    • Mohn, Klaus; Misund, Bård

      (2009)

      Investment and uncertainty in the international oil and gas industry

      Energy Economics

      ISSN 0140-9883.

      Volum 31.

      Hefte 2.

      s.240-248.

      DOI: 10.1016/j.eneco.2008.10.001

    • Misund, Bård; Asche, Frank; Osmundsen, Petter

      (2008)

      Industry Upheaval and Valuation: Empirical Evidence from the International Oil and Gas Industry

      International Journal of Accounting

      ISSN 0020-7063.

      Volum 43.

      Hefte 4.

      s.398-424.

      DOI: 10.1016/j.intacc.2008.09.007

    • Kretzschmar, G.L.; Misund, Bård; Hatherly, D.

      (2007)

      Market risks and oilfield ownership - Refining oil and gas disclosures

      Energy Policy

      ISSN 0301-4215.

      Volum 35.

      s.5909-5917.

    • Asche, Frank; Misund, Bård

      (2007)

      Value relevance and peer group selection

      IAEE International Conference

      ISSN 1559-792X.

    • Mohn, Klaus; Misund, Bård

      (2007)

      Investment and Uncertainty in the International Oil and Gas Industry

      IAEE International Conference

      ISSN 1559-792X.

    • Osmundsen, Petter; Mohn, Klaus; Asche, Frank; Misund, Bård

      (2007)

      Is oil supply choked by financial market pressures?

      Energy Policy

      ISSN 0301-4215.

      Volum 35.

      Hefte 1.

      s.467-474.

    • Misund, Bård; Osmundsen, Petter; Asche, Frank

      (2006)

      The Pricing of International Oil and Gas Companies 1990-2003 - A Structural Shift in the Equity Valuation P

      IAEE International Conference

      ISSN 1559-792X.

    • Osmundsen, Petter; Asche, Frank; Misund, Bård; Mohn, Klaus

      (2006)

      Valuation of international oil companies

      Energy Journal

      ISSN 0195-6574.

      Volum 27.

      s.49-64.

    • Osmundsen, Petter; Asche, Frank; Misund, Bård; Mohn, Klaus

      (2005)

      High oil prices, a non-OPEC capacity game

      IAEE International Conference

      ISSN 1559-792X.

    • Misund, Bård; Osmundsen, Petter; Asche, Frank

      (2005)

      The Value-Relevance of Accounting Figures in the International Oil and Gas Industry - Cash flows or Accruals?

      IAEE International Conference

      ISSN 1559-792X.

  • Bøker og kapitler
    • Blomgren, Atle; Fjelldal, Øystein Martin; Tveterås, Ragnar; Misund, Bård; Quale, Christian; Kårtveit, Bård

      (2019)

      Kartlegging av investeringer i fiskeri og fangst, akvakultur og fiskeindustri, 1970 – 2019

    • Misund, Bård; Martens, Søren; Nyrud, Thomas; Dreyer, Bent

      (2018)

      A contract market in the first-hand trade of wild-caught fish

      Hefte 9/2018.

    • Kårbø, Tom Erling; Misund, Bård

      (2016)

      An empirical study of the spot-forward relationship and the hedging efficiency of the Atlantic salmon market

      Universitetet i Stavanger

    • Lade, Ragne Myrhol; Misund, Bård

      (2016)

      Market Efficiency in the Crude Oil Futures Market - an Empirical Study after the Shale Oil Revolution

      Universitetet i Stavanger

    • Bjerklund, Simen; Helland, Fredrik; Misund, Bård

      (2016)

      Currency hedging in the Norwegian seafood industry

      Universitetet i Stavanger

    • Mæland, Rune Hopsdal; Skimmeland, Eirik Wathne; Misund, Bård

      (2016)

      Verdsettelse av Bakkafrost ASA

      Universitetet i Stavanger

    • Carr, Jan Egil; Halaas, Per Haakon; Misund, Bård

      (2016)

      Verdsettelse av Lerøy Seafood Group ASA

      Universitetet i Stavanger

    • Aslam, Atif Mahmood; Faizullah, Parwize; Misund, Bård

      (2015)

      Value relevance of oil and gas producers and oil service companies in Norway

      Universitetet i Stavanger

    • Hansen, Thor Alexander Landa; Sørholt, Jon Magne; Misund, Bård

      (2015)

      The effects of weather and storage shocks on the natural gas price in the U.K.

      Universitetet i Stavanger

    • Keretsman, Olena; Misund, Bård

      (2015)

      An empirical study of the spot-forward relationship for natural gas and crude oil markets

      Universitetet i Stavanger

    • Misund, Bård; Nguyen, Tony

      (2014)

      Risk management of bunker oil price fluctuations using forward and futures

      Universitetet i Stavanger

    • Alsvik, Øyvind; Strand, Kari Barkved; Misund, Bård

      (2014)

      The spot-forward relationship in gas markets - an empirical study of the Title Transfer Facility and Zeebrugge Hub prices

      Universitetet i Stavanger

    • Misund, Bård; Tjentland, Tore Sæbø

      (2014)

      Financial risk management in the aluminium industry

      Universitetet i Stavanger

    • Fjermestad, Anders; Misund, Bård

      (2012)

      The perfect hedge and how to account for it - the swap from IAS 39 to IFRS 9

      Universitetet i Stavanger

    • Anundsen, Kjetil; Misund, Bård

      (2012)

      An analysis of Competentia's foreign currency exposure and potential strategies

      Universitetet i Stavanger

    • Helgerud, Ane; Misund, Bård

      (2012)

      An analysis of structured products before and after the implementation of the MiFID directive

      Universitetet i Stavanger

    • Søvik, Lene; Sømme, Tore; Misund, Bård

      (2011)

      Fundamental analysis and valuation of Renewable Energy Corporation ASA

      Universitetet i Stavanger

    • Voll, Christer; Huseby, Tom-Andre; Misund, Bård

      (2011)

      Valuation of Seadrill Limited - Is there a John Fredriksen premium in the stock market?

      Universitetet i Stavanger

    • Ims, Lucas Alexander; Misund, Bård

      (2011)

      Initial Public Offerings and subsequent stabilization

      Universitetet i Stavanger

    • Setane, Hanne; Misund, Bård; Haukås, Harald

      (2010)

      Risk and performance measurement of stock portfolios - gain-loss versus mean-variance

      Universitetet i Stavanger

    • Arvesen, Espen; Lien, Ada Klever; Misund, Bård

      (2010)

      Performance evaluation of ethical mutual funds - a comparis between ethical and conventional mutual funds marketed and sold in Norway

      Universitetet i Stavanger

    • Rugland, Ole Kristian; Olsen, Idar; Misund, Bård

      (2010)

      Currency exposure of Skanem AS

      Universitetet i Stavanger

    • Tørneng, Ingvild Fatnes; Misund, Bård

      (2009)

      A comparison of three different price assessments on gasoil - Platts, Argus and ICE

      Universitetet i Stavanger

    • Haaland, Venke Furre; Kommedal, Bente; Misund, Bård

      (2009)

      Does hedging currency exposure affect company valuation? An empirical analysis of Norwegian export companies

      Universitetet i Stavanger

    • Jimenez, Agustin F.; Misund, Bård

      (2009)

      A study of performance - for Norwegian equity funds for the period 2001-2008

      Universitetet i Stavanger

    • Misund, Bård; Svensen-Sandberg, Vanja A.

      (2009)

      Probable oil and gas reserves: Do they influence oil companies' market value

      Universitetet i Stavanger

    • Rorgemoen, Tone Skolås; Misund, Bård

      (2009)

      To buy or to be bought, that is the question: An empirical analysis of merger and acquisition activity in the oil and gas sector

      Universitetet i Stavanger

    • Prytz, Ida Texmo; Misund, Bård

      (2009)

      Valuation of oil and gas companies: The value relevance of oil and gas reserves, PSA vs concession agreements

      Universitetet i Stavanger

    • OPOFTE, Sonja; Misund, Bård

      (2009)

      Measuring and evaluating financial risk exposure for energy companies

      Universitetet i Stavanger

    • Kangas, Riku; Misund, Bård

      (2008)

      Valuation of Sevan Marine ASA: What is the fair value of the Sevan Marine ASA stock?

      Universitetet i Stavanger

    • Falkgjerdet, Ellinor; Misund, Bård

      (2008)

      Does hedging increase firm value? Evidence from the shipping industry

      Universitetet i Stavanger

    • Rønneberg, Kathrine; Misund, Bård

      (2008)

      Comparison of three different methods for estimating Value at Risk

      Universitetet i Stavanger

    • Sevheim, Kjetil; Misund, Bård

      (2008)

      Risk management in the shipping industry: Comparison of freight rates and commodity prices

      Universitetet i Stavanger

    • Ydstebø, Linda; Misund, Bård

      (2008)

      The impact of deregulation in energy markets on the spark spread

      Universitetet i Stavanger

    • Braut, Helene Ottesen; Misund, Bård

      (2008)

      Valuation: purchasing strategy based on companies' fundamental value

      Universitetet i Stavanger

    • Olsen, Arild Neraas; Misund, Bård

      (2008)

      Valuation and uncertainty - a real options analysis: A better alternative of a supplement to traditional valuation methods?

      Universitetet i Stavanger

    • Misund, Bård; Osmundsen, Petter; Asche, Frank

      (2007)

      Valuation of oil and gas companies

      Universitetet i Stavanger

    • Misund, Bård; Lillestøl, Jostein Kåre

      (2004)

      Kredittrisiko i oppdrett

    • Osmundsen, Petter; Asche, Frank; Misund, Bård; Mohn, Klaus

      (2004)

      Valuation and Investment Behaviour in the Petroleum Industry

      Hefte 142.

    • Poléo, Antonio B.S.; Voie, Øyvind Albert; Misund, Bård; Bjørnstad, Helge E; Johnsen, Arnt Magne

      (1997)

      Miljøgifter - Kilder, biotilgjengelighet og toksiske effekter

    • Misund, Bård; Jobling, Malcolm; Taranger, Geir Lasse

      (1996)

      Effekter av sulting, intervallforing og lysmanipulering på slaktekvalitet hos atlantisk laks Salmo Salar L

  • Formidling
    • Tveterås, Ragnar; Guttormsen, Atle; Misund, Bård

      (2020)

      Kan regulere oss ut av krisen

      Dagens næringsliv

      ISSN 0803-9372.

      Volum 131.

      Hefte 111.

      s.37-37.

    • Misund, Bård; Tveterås, Ragnar

      (2020)

      Balansert forslag om lakseskatt

      Fiskeribladet

      ISSN 0805-5289.

      Volum 13.

    • Misund, Bård; Tveterås, Ragnar

      (2020)

      Endringer i oljeskatten kan dempe fallet

      Stavanger Aftenblad

      ISSN 0804-8991.

      DOI: www.aftenbladet.no/meninger/debatt/i/dOX9Wq/endringer-i-oljeskatten-kan-dempe-falle

    • Misund, Bård; Tveterås, Ragnar

      (2020)

      Balansert forslag om lakseskatt

      IntraFish Media AS

      DOI: www.intrafish.no/kommentarer/balansert-forslag-om-lakseskatt/2-1-813148

    • Misund, Bård; Guttormsen, Atle; Tveterås, Ragnar

      (2020)

      Finansteori kan forklare hvorfor de største oppdrettsselskapene tidvis betaler høye utbytter

      IntraFish Media AS

      DOI: www.intrafish.no/kommentarer/finansteori-kan-forklare-hvorfor-de-storste-oppdrettsselskapene-tidvis-betaler-hoye-utbytter/2-1-822520

    • Tveterås, Ragnar; Misund, Bård

      (2020)

      Gavepakke til laksemilliardærer eller leverandørindustrien?

      Stavanger Aftenblad

      ISSN 0804-8991.

      DOI: www.aftenbladet.no/meninger/debatt/i/b5V1g5/gavepakke-til-laksemilliardrer-eller-leverandrindustrien

    • Tveterås, Ragnar; Guttormsen, Atle; Misund, Bård

      (2020)

      Bærekraft handler om avveininger

      Dagens næringsliv

      ISSN 0803-9372.

      DOI: www.dn.no/innlegg/innlegg-barekraft-handler-om-avveininger/2-1-814465

    • Misund, Bård

      (2019)

      Er lukkede anlegg fremtiden for bærekraftig havbruk?

    • Misund, Bård

      (2019)

      Særskatt i havbruksnæringen: Det er bare tiden og veien igjen

      iLaks.no

    • Misund, Bård

      (2019)

      Tror ikke næringen kunne forhindret en periodisert grunnrenteskatt

      iLaks.no

    • Misund, Bård

      (2019)

      Lakseskatt - konsekvenser for investeringer

    • Misund, B�rd

      (2019)

      https://www.intrafish.no/nyheter/1707327/eu-aksjon-kan-vaere-utlost-av-rykter

      IntraFish Media AS

    • Misund, Bård

      (2019)

      Usikker fremtid for lakseoppdrett i Norge

      IntraFish Media AS

    • Misund, Bård

      (2019)

      Fremtidens sjømatnæring - bærekraftig vekst eller stagnasjon?

      Fiskeribladet

      ISSN 0805-5289.

    • Tveterås, Ragnar; Misund, Bård; Osmundsen, Petter; Folkvord, Benn

      (2019)

      Framtidens skatteregime for havbruksnæringen

    • Tveterås, Ragnar; Misund, Bård; Osmundsen, Petter; Folkvord, Benn

      (2019)

      Mulige konsekvenser ved innføring av særskatt på havbruk

    • Misund, Bård

      (2019)

      Om å skite i eget reir

      Vesteraalens Avis

    • Tveterås, Ragnar; Misund, Bård

      (2019)

      Høyere kostnader på land enn vellykket drift i sjø

      Kyst.no

    • Misund, Bård

      (2019)

      Misvisende om investeringer i havbruk

      nordnorskdebatt.no

    • Misund, Bård

      (2019)

      Misvisende om investeringer i havbruk - Nationen

      Nationen

      ISSN 0805-3782.

    • Misund, Bård

      (2019)

      - Misvisende om investeringer i havbruk fra Ørebech

      Fiskeribladet

      ISSN 0805-5289.

    • Tveterås, Ragnar; Misund, Bård

      (2019)

      Bærekraftig vekst for flere

      Norsk Fiskeoppdrett

      ISSN 0332-7132.

      Volum 44.

      Hefte 1.

      s.50-53.

    • Misund, Bård

      (2019)

      Reflekterer forwardkurven til Fish Pool markedets forventninger om lakseprisen?

      iLaks.no

    • Tveterås, Ragnar; Misund, Bård

      (2019)

      Sustainable growth, resource rent and taxes in aquaculture

    • Misund, Bård

      (2019)

      Fiskebæsj-skam

      Dagbladet

      ISSN 0805-3766.

    • Misund, Bård; Tveterås, Ragnar; Blomgren, Atle; Fjelldal, Øystein Martin; Quale, Christian

      (2019)

      Betydelige investeringer i utviklingstillatelser

      Norsk Fiskeoppdrett

      ISSN 0332-7132.

      Volum 8.

      s.144-147.

    • Misund, Bård

      (2019)

      Fiskeoppdrettere kan få høyere skatt

      Stavanger Aftenblad

      ISSN 0804-8991.

    • Blomgren, Atle; Fjelldal, Øystein Martin; Misund, Bård; Quale, Christian; Tveterås, Ragnar

      (2019)

      Store investeringer i havbruksnæringen

      Norsk Fiskeoppdrett

      ISSN 0332-7132.

      Volum 8.

      s.148-153.

    • Misund, Bård

      (2018)

      Reviewer assignment Journal of Commodity Markets (3)

    • Misund, Bård

      (2018)

      Er lukkede oppdrettsanlegg svaret på miljøproblemer og fiskevelferd, og hva med lønnsomheten?

      Stavanger Aftenblad

      ISSN 0804-8991.

    • Misund, Bård

      (2018)

      Dette bestemmer avkastningen til de børsnoterte lakseselskapene

      Kyst.no

    • Misund, Bård

      (2018)

      Havbruksnæringen står overfor noen sentrale veivalg

      Sysla

    • Misund, Bård

      (2018)

      Volatility Spillovers In The UK Natural Gas Market

    • Nyrud, Thomas; Dreyer, Bent; Misund, Bård

      (2018)

      Kontraktsmarked i førstehåndsomsetningen av villfisk – Muligheter og barrierer

    • Nyrud, Thomas; Dreyer, Bent; Misund, Bård

      (2018)

      Establishing future contracts in the Norwegian fish trade

    • Misund, Bård

      (2018)

      Nye markeder med fiskesalg på kontrakt?

    • Misund, Bård

      (2018)

      Reviewer report Aquaculture Economics & management (2)

    • Nygård, Rune; Misund, Bård

      (2018)

      Big Fish: Valuation of the world's largest salmon farming companies

    • Misund, Bård

      (2018)

      Lite gjennomtenkt av MDG

      iLaks.no

    • Misund, Bård

      (2018)

      Hvis en mener det er en grunnrente i oppdrett av laks, er nok denne måten å innhente den på en veldig effektiv måte

      iLaks.no

    • Misund, Bård; Tveterås, Ragnar

      (2018)

      DN mener: Når all avkastning av felles naturressurser havner i private lommer, er det noe som er galt

    • Misund, Bård

      (2018)

      Lovundlaks satser halv milliard på videre vekst: – Vi må tørre å satse

      Dagens næringsliv

      ISSN 0803-9372.

    • Asche, Frank; Misund, Bård; Oglend, Atle

      (2018)

      Varsko her! Sykliske priser!

      Kyst.no

    • Misund, Bård; Tveterås, Ragnar

      (2018)

      Professor om grunnrentebeskatning: – For høy skatt kan presse næringen over på landbasert oppdrett eller mot andre land

    • Misund, Bård

      (2018)

      Empiriske analyser av førstehåndsomsetningen av fisk

    • Asche, Frank; Misund, Bård; Oglend, Atle

      (2018)

      Varsko her!

      Norsk Fiskeoppdrett

      ISSN 0332-7132.

      Volum 5.

      s.8-9.

    • Misund, Bård; Tveterås, Ragnar

      (2018)

      Tror skatt på oppdrett kan føre til utflagging

    • Misund, Bård

      (2018)

      Reviewer report Energy (3)

    • Misund, Bård; Tveterås, Ragnar

      (2018)

      Skatt og miljøkrav kan kvele havbruket

      Dagens næringsliv

      ISSN 0803-9372.

    • Misund, Bård

      (2018)

      Reviewer report (Aquaculture Economics & Management)

    • Misund, Bård; Tveterås, Ragnar

      (2018)

      En høyt skattet laks

      Dagens næringsliv

      ISSN 0803-9372.

    • Misund, Bård; Osmundsen, Petter

      (2018)

      The rollercoaster ride of oil and gas investments

    • Misund, Bård; Tveterås, Ragnar

      (2018)

      En høyt skattet laks

      IntraFish Media AS

    • Misund, Bård; Tveterås, Ragnar

      (2018)

      To tax or not to tax, that is the question

      iLaks.no

    • Misund, Bård

      (2018)

      Hvordan påvirker grunnrenteeskatningen oppdrettsnæringens vekstutsikter?

    • Misund, Bård

      (2018)

      Advarer om skummel laksepris

      Dagens næringsliv

      ISSN 0803-9372.

    • Misund, Bård; Tveterås, Ragnar

      (2018)

      Lusevarsling – grunnlaget for neste generasjon lusebekjempelse

      iLaks.no

    • Misund, Bård; Tveterås, Ragnar

      (2018)

      Er lukkede anlegg det eneste alternativet for Tromsø?

      nordnorskdebatt.no

    • Tveterås, Ragnar; Misund, Bård; Fitjar, Rune Dahl

      (2018)

      Urban skattejakt kan utarme distriktene

      Dagens næringsliv

      ISSN 0803-9372.

    • Misund, Bård

      (2018)

      Universitetet og havet

      Stavanger Aftenblad

      ISSN 0804-8991.

    • Misund, Bård

      (2018)

      Reviewer report Energy Journal (5)

    • Misund, Bård

      (2018)

      Reviewer assignment Marine Resource Economics (2)

    • Misund, Bård

      (2018)

      Lukkede anlegg har fortsatt en vei å gå

      Stavanger Aftenblad

      ISSN 0804-8991.

    • Misund, Bård

      (2018)

      Reviewer assignment Energy Policy (3)

    • Misund, Bård

      (2018)

      Ønsker Naturvernforbundet å avvikle næringen?

      Stavanger Aftenblad

      ISSN 0804-8991.

    • Misund, Bård

      (2017)

      Reserves Replacement and Oil and Gas Company Shareholder Returns

    • Misund, Bård

      (2017)

      Reviewer report Aquaculture Econonomics & Management

    • Misund, Bård

      (2017)

      Langsiktige kontrakter i råvaremarkeder

    • Misund, Bård

      (2017)

      Volatility spillover in salmon aquaculture markets

    • Misund, Bård

      (2017)

      Evaluation of oil & gas firms’ financial performance: cash flows vs. accounting earnings

    • Misund, Bård

      (2017)

      Fish Pool-priser - fantasi eller virkelighet?

      iLaks.no

    • Misund, Bård

      (2017)

      Reviewer report Energy Journal

    • Misund, Bård

      (2017)

      Review report for Energy

    • Misund, Bård

      (2017)

      Reviewer report Journal of Commodity Markets

    • Misund, Bård

      (2017)

      Reviewer report Energy Journal (2)

    • Misund, Bård

      (2017)

      Reviewer report Journal of Commodity Markets (2)

    • Misund, Bård

      (2017)

      Hva er verdien på en konsesjon?

      IntraFish Media AS

    • Misund, Bård

      (2017)

      The Value- Relevance of Accounting Data: Cash flows vs Earnings

    • Misund, Bård

      (2017)

      Arealavgift til besvær?

      iLaks.no

    • Misund, Bård; Oglend, Atle

      (2017)

      Ikke glem volatiliteten

    • Misund, Bård

      (2017)

      Reviewer report Energy

    • Misund, Bård; Oglend, Atle

      (2017)

      Achtung! Achtung!

      IntraFish Media AS

    • Misund, Bård; Tveterås, Ragnar; Asche, Frank

      (2017)

      Hvem tar risikoen?

      iLaks.no

    • Misund, Bård; Tveterås, Ragnar

      (2017)

      Ressursrente i lakseoppdrett?

      Dagens næringsliv

      ISSN 0803-9372.

      s.34-34.

    • Misund, Bård

      (2017)

      Reviewer report Marine Resource Economics

    • Misund, Bård

      (2017)

      Reviewer report Journal of Banking and Finance

    • Misund, Bård

      (2017)

      Suksesskriterier for kontraktsmarkeder

    • Misund, Bård; Nygård, Rune

      (2017)

      «Big Fish»: Valuation of the world’s largest salmon farming companies

      UiS Working Papers in Economics and Finance

      Volum 11.

    • Misund, Bård

      (2016)

      Common and Fundamental Risk Factors in Shareholder Returns of Norwegian Salmon Producing Companies

      UiS Working Papers in Economics and Finance

      Volum 2016.

      Hefte 17.

    • Asche, Frank; Misund, Bård; Øglend, Atle

      (2016)

      Fish Pool priser - Hva forteller de oss fremtidige laksepriser?

      Norsk Fiskeoppdrett

      ISSN 0332-7132.

      Volum 2016.

      Hefte 8.

      s.74-77.

    • Misund, Bård

      (2016)

      Oppdrett og omdømme

      iLaks.no

    • Misund, Bård

      (2016)

      Reviewer assignment Energy Economics

    • Misund, Bård

      (2016)

      Determinants of Fish Pool futures convenience yield

    • Misund, Bård

      (2016)

      Reviewer assignment Aquaculture Economics & Management

    • Misund, Bård

      (2016)

      Reviewer assignment COGENT Social Sciences

    • Misund, Bård; Osmundsen, Petter

      (2016)

      Probable Oil & Gas Reserves: Effect on Returns

    • Misund, Bård

      (2016)

      Reviewer assignment COGENT Business and Management

    • Misund, Bård

      (2016)

      Reviewer assignment COGENT Economics and Finance

    • Misund, Bård; Asche, Frank

      (2015)

      Who's a major? A novel approach to peer group selection: Empirical evidence from oil and gas companies

      UiS Working Papers in Economics and Finance

    • Misund, Bård

      (2015)

      Reviewer assignment The Energy Journal

    • Misund, Bård

      (2015)

      Reserves Replacement and Oil and Gas Company Shareholder returns

      UiS Working Papers in Economics and Finance

    • Misund, Bård; Øglend, Atle

      (2015)

      Supply and Demand Determinants of Natural Gas Price Volatility in the U.K.: A Vector Autoregression Approach

      UiS Working Papers in Economics and Finance

    • Asche, Frank; Misund, Bård; Øglend, Atle

      (2015)

      The Spot-Forward Relationship in the Atlantic Salmon Market

      UiS Working Papers in Economics and Finance

    • Asche, Frank; Misund, Bård; Øglend, Atle

      (2015)

      Production Risk and the Futures Price Risk Premium?

      UiS Working Papers in Economics and Finance

    • Asche, Frank; Misund, Bård; Øglend, Atle

      (2015)

      The spot-forward relationship in Atlantic salmon forward prices

    • Misund, Bård; Øglend, Atle

      (2015)

      U.K. Natural gas volatility

    • Asche, Frank; Misund, Bård

      (2015)

      Hedging Efficiency of Atlantic Salmon Futures

      UiS Working Papers in Economics and Finance

    • Misund, Bård; Osmundsen, Petter

      (2015)

      Probable Oil and Gas Reserves and Shareholder Returns: The Impact of Shale Gas

      UiS Working Papers in Economics and Finance

    • Misund, Bård

      (2015)

      Reviewer assignment Energy Economics

    • Misund, Bård

      (2015)

      Vertical Integration and Value Relevance: Empirical Evidence from Oil and Gas Producers

      UiS Working Papers in Economics and Finance

    • Misund, Bård

      (2015)

      Accounting for Oil and Gas Exploration Activities: A Triumph of Economics over Politics

      UiS Working Papers in Economics and Finance

    • Misund, Bård

      (2015)

      Financial Ratios and Prediction on Corporate Bankruptcy in the Atlantic Salmon Industry

      UiS Working Papers in Economics and Finance

    • Mohn, Klaus; Misund, Bård

      (2014)

      Exploration risk in oil and gas shareholder returns

    • Mohn, Klaus; Misund, Bård

      (2014)

      Exploration risk in oil and gas shareholder returns

    • Misund, Bård; Osmundsen, Petter; Sikveland, Marius

      (2014)

      Vertical Integration and the value relevance of accounting information from international oil and gas companies

    • Misund, Bård; Mohn, Klaus

      (2014)

      Exploration Risk in Oil & Gas Shareholder Returns

      UiS Working Papers in Economics and Finance

    • Misund, Bård

      (2009)

      Peer Review: Energy Policy (1)

    • Misund, Bård

      (2009)

      Verdsetting av fleksibilitet: trading av gasslager

    • Misund, Bård

      (2009)

      Peer review: Energy Policy (2)

    • Misund, Bård

      (2008)

      Verdsetting av undergrunnslager for gass

    • Misund, Bård

      (2007)

      Verdsetting av internasjonale oljeselskaper - verdirelevans

    • Misund, Bård; Asche, Frank

      (2007)

      Who's a Major? A novel approach to peer group selection: Empirical evidence from oil and gas companies

    • Misund, Bård

      (2007)

      Valuation of international oil companies

    • Mohn, Klaus; Misund, Bård

      (2007)

      Uncertainty in Oil and Gas Investment

    • Mohn, Klaus; Misund, Bård

      (2007)

      Investment and Uncertainty in the International Oil and Gas Industry

    • Misund, Bård

      (2006)

      læring og næring

    • Misund, Bård

      (2006)

      Finansielle nøkkeltall og verdsetting av integrerte oljeselskaper

    • Misund, Bård

      (2006)

      Option pricing and oil markets

    • Misund, Bård; Osmundsen, Petter; Asche, Frank

      (2006)

      The pricing of international oil and gas companies 1990-2003 - a structural shift in the equity valuation process

    • Misund, Bård

      (2005)

      Oljepris og oljeselskapers nøkkeltall

      Rogalands Avis

    • Asche, Frank; Osmundsen, Petter; Misund, Bård

      (2005)

      The value-relevance of accounting figures in the international oil and gas industry

    • Guttormsen, Atle G.; Asche, Frank; Misund, Bård

      (2005)

      EUs safeguardtiltak og lønnsomheten i norsk laksenæring

      Norsk Fiskeoppdrett

      ISSN 0332-7132.

      Volum 30.

      Hefte 3.

      s.22-23.

    • Osmundsen, Petter; Asche, Frank; Misund, Bård; Mohn, Klaus

      (2005)

      Valuation of International Oil Companies - Size Matters

    • Asche, Frank; Osmundsen, Petter; Misund, Bård; Mohn, Klaus

      (2005)

      High Oil Prices: A Non-OPEC Capacity Game

    • Misund, Bård

      (2004)

      Verdsetting av oljeselskaper

    • Misund, Bård

      (1996)

      Slaktekvalitet hos laks

    • Misund, Bård

      (1995)

      Kvalitet hos laks

      Norsk Fiskeoppdrett

      ISSN 0332-7132.

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      (2019)

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