Bakgrund och problem: Sverige är ett av de mest hållbarhets medvetna länderna i världen (Robecosam, 2021) med ett stort antal företag som prioriterar och rapporterar CSR-aktiviteter. Med det i åtanke är CSR ett växande intressant ämne vilket är ett omdiskuterat inom akademisk forskning, framförallt vilken effekt den har för företag som implementerar det. Vi valde att utforska vidare på detta i Sverige i förväntan av att se ett samband med förbättrat ekonomiskt resultat för de företag som engagerar sig i CSR.Syfte och bidrag: Föreliggande studie har syftet att undersöka vilken påverkan corporate social responsibility (CSR) har på corporate financial performance (CFP) hos svenska börsnoterade små- och medelstora företag under år 2019. Det forskningen är tänkt att bidra till är ökad förståelse för CSR och vilken betydelse det har för företag som implementerar det. De som kan dra nytta av den informationen är investerare, forskare och företag.Metod: Det valda metodvalet var multipel linjär regression med 1 oberoende variabel, vilket representerar CSR, och 3 kontrollvariabler. Den oberoende variabeln som användes var ESG. De kontrollvariabler som användes var kapitalstruktur, företagsstorlek och ålder. De valda beroende variabler var Return on equity (ROE), Return on assets (ROA) och Tobins Q vilket representerade finansiell prestation (CFP).Slutsats: Föreliggande studiens slutsats var att metodvalet visade sig vara insignifikant och därför kunde inte syftet visa om CSR påverkar CFP positivt. Det rekommenderas därför att använda andra metodval vid undersökning av CSR-CFP relationen hos små- och medelstora företag (SME) i framtida studier. / Background and problems: Sweden is one of the most sustainability-conscious countries in the world (Robecosam, 2021) with a large number of companies prioritizing and reporting CSR activities. With that in mind, CSR is a growing topic of interest which is debated within academic research, especially the effect it has on companies that implement it. We chose to explore this further in Sweden in the expectation of seeing a connection with improved financial results for the companies that engage in CSR.Purpose and contribution: The purpose of this study is to investigate the impact corporate social responsibility (CSR) has on corporate financial performance (CFP) in Swedish listed SMEs during the year 2019. What the research is intended to contribute to, is increased understanding of CSR and what significance it has for companies that implement it. Those who can benefit from the findings of this research paper are investors, researchers and companies.Method: The choice of method was a multiple linear regression with 1 independent variable, that represented CSR, and 4 control variables. The variables used were ESG as the independent variable. For control variables, capital structure, company size and age were used. The selected dependent variables were return on equity (ROE), return on assets (ROA) and tobin's Q which represented corporate financial performance (CFP).Conclusion: The conclusion of the present study was that the choice of method was found to be insignificant and therefore the aim of showing that CSR affects CFP positively could not be confirmed. It is recommended to use other methodological choices when examining CSR-CFP from small- and medium sized enterprises (SME) in future studies.

Titel: Är det lönsamt att investera i hållbarhet?   Nivå: Examensarbete på grundnivå (kandidatexamen) i ämnet företagsekonomi   Författare: Haben Ablelom Gebremeskel   Handledare: Jan Svanberg   Datum: 2024 – Mars   Syfte: Företag i dagens samhälle befinner sig i en allt mer påträngande situation där de måste arbeta hållbart eller bedriva verksamhet på ett hållbart sätt, och detta har blivit centralt sedan flera år tillbaka. I och med att hållbarhet blir allt mer viktig och finansiella sektorn spelar en viktig roll för länders samhällsekonomier började forskningsvärlden undersöka sambandet mellan ESG-betyg och företagens finansiella prestationer. Mycket av den tidigare forskning har presenterat varierande och motstridiga resultat. Till följd av detta undersöker denna studie sambandet mellan finansiella sektorns finansiella prestationer och ESG-betyg. Studiens syfte är att undersöka samt analysera om det finns ett samband mellan företagets ESG-betyg och finansiell prestation inom den europeiska finanssektorn.   Metod: Studien använder sig av en kvantitativ metod som tillämpar en deduktiv ansats. Den sekundärdata som använts har hämtats ifrån Refinitiv Eikon. Studiens urval består av 160 finansbolag som verkar i 23 olika länder inom den europeiska kontinenten, dessa företag har analyserats under en tidsperiod på 3 år. Studiens data har analyserats med hjälp av bivariat-, univariat- och multivariat analys.   Resultat och slutsats: Resultatet visade inte på något signifikant samband mellan ESG-betyg och finansiella prestationer, men inte heller mellan S-betyget samt G-betyget och finansiella prestationer. Resultatet visade ett signifikant positivt samband mellan den enskilda dimensionen E-betyget och ROA. Utifrån legitimitet- och intressentteorins antaganden stärker företag som engagerar sig i just miljöfrågor sitt legitimitet och förtroende hos företagets intressenter och i samhället.   Examensarbetets bidrag: Denna studie bidrar med en uppdaterad analys angående sambandet mellan hållbarhetsrapportering och finanssektorns finansiella prestationer. Studiens resultat bidrar med nyttig information för finanssektorns samtliga intressenter. Utifrån studiens resultat kan det konstateras att investerare, intressenter och bolag som engagerar sig i just miljöfrågor får en tydlig förklaring då studie fann ett signifikant samband mellan miljöaspekten och företagets finansiella prestationer, resterande resultat visar att europeiska finanssektorn är fortsatt till intresse för forskningsvärld.   Förslag till framtida forskning: Ytterligare undersökningar bör göras gällande relationen mellan ESG-betyg och finanssektorns finansiella prestationer, ett förslag till framtida forskning är att inkludera ytterligare variabler som står i förhållande till studerade ämnet. Detta kan göras genom att använda sig av olika databaser som publicerar företagens ESG-betyg, på så sätt kan antalet av både beroende och oberoende variabler få en ökning vilket ökar studiens trovärdighet.

Šio darbo tikslas buvo išstudijuoti elninių žvėrių (briedžių, tauriųjų elnių ir europinių stirnų) gausumą 2009-2010 m. žiemojimo periodu Kuršėnų urėdijos miškuose ir palyginti skirtingų miškų gautus rezultatus. Tyrimai atlikti 18 miškų, naudojant McCain netiesioginę elninių žvėrių apskaitą pagal jų paliekamus ekskrementus bei Aldous medžių pažeidimo metodą. Pagal atliktus tyrimus, vidutinis elninių žvėrių tankumas Kuršėnų urėdijos miškuose 2009-2010 m. žiemojimo periodu buvo 14, 7 individų tūkstančiui hektarų. Briedžių tankumas tirtame regione buvo du kartus didesnis, lyginant su vidutiniu briedžių tankumu visoje Lietuvos teritorijoje, tauriųjų elnių – labai panašus, o stirnų buvo dvigubai mažesnis. Taigi, tirtuose miškuose yra gausu stambiųjų elninių, tačiau jie konkuruoja su stirnomis. Vidutinis briedžių ir tauriųjų elnių tankumas tirtuose miškuose atitinka ekologinį ir ūkiškai leistiną elninių žvėrių gausumą Lietuvos miškams, o stirnų yra du kartus mažesnis, tačiau, atsižvelgiant į mitybinę konkurenciją, taurusis elnias laikomas pagrindine elninių žvėrių rūšimi tirtoje vietovėje, tad pagrindinis dėmesys turėtų būti skiriamas jo populiacijų gausinimui. Elniniai žvėrys pagal mitybos specializaciją renkasi skirtingus biotopus. Didžiausias briedžių gausumas nustatytas krūmynuose, tauriųjų elnių – pievose, o europinių stirnų – dirbamų laukų biotopuose. Vidutinis dendrofloros panaudojimo pašarams intensyvumas Kuršėnų urėdijos miškuose buvo 18,5 %, bet netgi didžiausi pažeidimai... [toliau žr. visą tekstą] / The aim of this study was to find out the density of cervids during wintering period in Kušėnai forests and to compare gathered data with density in different forest. The research have been conducted in 18 forests, using McCain indirect record by excrement and Aldous trees damage method. Studies have shown that the average density of cervids in surveyed areas is 14.7 individuals per thousand hectares. Moose density in this region is twice higher than average moose density in whole Lithuania, red deer – very similar, roe deer density is half lower. Therefore, explored forests is rich of large ungulate mammals, but they compete with roe deers. The average abundance of red deer and moose satisfies commercially and ecologicaly acceptable ones, also roe deer density is more than two times smaller, bur in aspect of the competition diet, red deer is considered to be the main cervid species in studied forests, so more attention should be paid to increase their population. Cervids by specificity of their species in different forests choose similar biotopes. The highest abundance of moose were in scrubs, red deer – in meadows, roe deer – in cultivated fields. The average of tree damage in stydy areas is 18.5 percent, but even the highest nutrient load does not exceed the recommended rate (30–40 %), so there is no danger to natural forest regeneration.

Die Verdaulichkeit langsam abbaubarer Pflanzenbestandteile (Cellulose) steigt mit zunehmender Partikelverweilzeit im Vormagen von Wiederkäuern. Die Ingestaverweilzeit im Magen-Darm-Kanal ist abhängig von der Größe der Fermentationskammern, der Nahrungsaufnahme, vom Speichelfluß und von der selektiven Retention von Futterpartikeln. Die mittlere Retentionszeit (MRT) von Flüssigkeit und Partikeln müßte sich zwischen den Tierarten unterscheiden und saisonbedingt in Abhängigkeit von der Qualitüt und des Angebotes der Nahrung verändern. Mit der Messung der Ingestapassage an Rehen als Konzentratselektierer im Vergleich zu Mufflons als Grasfresser werden Faktoren der Anpassung an das jahreszeitlich wechselnde Nahrungsangebot dieser verschiedenen Wildtierarten untersucht. Voraussetzung für die Durchführung der Versuche war die Handaufzucht von sechs Rehkitzen und fünf Mufflonlämmern. Den Tieren wurde zum dorsalen Pansensack eine Vormagenkanüle implantiert. Die Haltung der Tiere erfolgte in Gehegen mit natürlicher Vegetation. Den Rehen und Mufflons wurden über die Vormagenfistel ein Marker für Flüssigkeit (Co-EDTA) und ein Marker für Partikel (Chrom-markiertes Heu) verabreicht. Anschließend wurde 5 Tage regelmäßig alle 3 bis 4 h Kot gesammelt. Die Co-/Cr-Konzentrationen der mit Schwefelsäure aufbereiteten Proben wurden atomabsorptionsspektrometrisch gemessen. Die Berechnung der Retentionszeiten der Flüssigkeit und Partikel im Gastro-Intestinal-Trakt (GIT) und im Ruminoretikulum (RR) erfolgte nach Thielemans et al. (1978), nach Grovum und Williams (1973) und Lechner-Doll (1990). Derartige Untersuchungen wurden erstmals unter annähernd natürlichen Bedingungen vergleichend an Rehen und Mufflons durchgeführt. Die Gesamtverweildauer von Flüssigkeit und Partikeln im Gastro-Intestinal-Trakt war beim Reh (MRTFlüss.GIT = 18,1 ± 2,4 h, MRTPart.GIT = 23,6 ± 3,8 h) im gesamten Jahresverlauf kürzer als beim Mufflon (MRTFlüss.GIT = 22,5 ± 3,9 h, MRTPart.GIT = 36,0 ± 4,2 h). Die Partikelverweilzeit im Ruminoretikulum beim Reh betrug MRTPart.RR =13,9 ± 3,1 h und beim Mufflon MRTPart.RR = 24,8 ± 3,0 h. Flüssigkeit verweilte im Ruminoretikulum beim Reh MRTFlüss. RR = 8,0 ± 1,0 h und beim Mufflon MRTFlüss.RR = 11,5 ± 2,0 h. Bei beiden Tierarten waren die Retentionszeiten der Ingesta im Gastro-Intestinal-Trakt erheblichen jahreszeitlichen Schwankungen unterworfen. Sie waren im Herbst bei erhöhter Nahrungsaufnahme verkürzt und im Winter durch eine Reduzierung des Stoffwechsels und der Aufnahme von Pflanzen mit geringerer Verdaulichkeit verlängert. Rehe haben im Gegensatz zu Mufflons einen relativ kleinen Vormagen, weite Verzögerungsstrukturen und einen hohen Speichelfluß, was die kurze Ingestaverweildauer verursachen kann. Aufgrund der kurzen Verweilzeit der Partikel im Ruminoretikulum haben Rehe schlechtere Voraussetzungen für die Verwertung von cellulosehaltigen Pflanzen. Beim Mufflon hingegen schaffen lange Verweilzeiten von Nahrungspartikeln im Ruminoretikulum immer günstige Bedingungen für die Einbeziehung der Cellulose in die energetische Nutzung. Die sich saisonal verändernden Retentionszeiten der Ingesta im Gastro-Intestinal-Trakt machen die Anpassungsfähigkeit beider Tierarten an das jahreszeitlich wechselnde Nahrungsangebot deutlich. / The digestibility of slowly fermentable/digestible plant material (cellulose) increases with increasing particle retention time in the forestomach of ruminants. The retention time in the gastro-intestinal-tract depends on the size of the fermentation chambers, the food intake, the saliva flow and the selective retention of food particles. The mean retention time (MRT) of fluid and particles should differ between ruminant species and, according to differences in food quality and availability, between seasons. By measuring the ingesta passage rate of roe deer, a concentrate selector, in comparison with mouflon, a grass and roughage eater, adaptation factors of these different species to the seasonally changing forage supply were investigated. A prerequisite for the trials was the hand-rearing of six roe deer fawns and five mouflon lambs. Rumen fistulas were implanted in all adult animals leading to the dorsal ruminal chamber. The animals were kept in adequate enclosures with natural vegetation. A fluid (Co-EDTA) and a particle (Cr-mordanted fibre) marker were applied to roe deer and mouflons via the rumen fistula. After marker application, faecal samples were collected every 3 to 4 hours for 5 days. Faecal samples were prepared with sulphuric acid and the Co- and Cr-concentrations were measured by atomic absorption spectrophotometry. The retention time of fluid and particle phase in the gastro-intestinal-tract and in the ruminoreticulum were calculated according to Thielemans et al. (1978), Grovum und Williams (1973) und Lechner-Doll (1990). Such investigations were carried out for the first time under natural conditions comparing roe deer and mouflons. The total retention time of fluid and particles in the gastro-intestinal-tract was for roe deer (MRTfluid GIT = 18,1 ± 2,4 h, MRTpart.GIT = 23,6 ± 3,8 h) shorter than for mouflon (MRTfluid GIT = 22,5 ± 3,9 h, MRTpart.GIT = 36,0 ± 4,2 h ) during the whole year. The retention time of particles in the ruminoreticulum was for roe deer MRTpart.RR = 13,9 ± 3,1 h and for mouflon MRTpart.RR = 24,8 ± 3,0 h. Fluid remained in the ruminoreticulum of roe deer for MRTfluid RR = 8,0 ± 1,0 h and of mouflon for MRTfluid RR = 11,5 ± 2,0 h. For both species, the ingesta retention time in the gastro-intestinal-tract showed significant seasonal fluctuations. They were shorter during autumn, when the animals showed an increased food intake, and longer in winter due to a reduction in both metabolic rate and ingestion of forage of low digestibility. Roe deer, in contrast to mouflon, have a ruminoreticulum characterized by relatively small size and large openings. This anatomy of the ruminoreticulum and the high saliva flow may be the reasons for the short ingesta retention time in the gastro-intestinal-tract of roe deer. Due to the short retention time of particles in the ruminoreticulum roe deer are more limited in their capacity to digest cellulose-containing plants. However longer retention time of food particles in the ruminoreticulum of mouflon provides favourable conditions for cellulose fermentation in all seasons. The seasonally variable ingesta retention time in the gastro-intestinal-tract are an expression of the adaptability of both species to the seasonally fluctuating food supply.

<p>Increasingly wildlife managers and land managers are challenged to maintain the viability and connectivity among large mammal populations. Thus, it is important that effective highway crossings are identified and optimized with respect to construction cost, facilitation of ungulate movements, and ability to reduce wildlife-vehicle collisions. The use of exclusion fencing to reduce ungulate-vehicle collisions is commonly installed along Swedish highways. However, exclusion fences may pose a threat to the viability of wildlife populations because they serve as barriers to individual movements and may limit accessibility to resources. Various types of wildlife crossings intended to reduce road-kills and increase habitat connectivity across fenced highways have been constructed throughout the world. Previous studies have evaluated the importance of structure design and size for many ungulate species, but few studies involved moose (Alces alces) which is the target species for most large ungulate mitigations in Sweden. The results of the studies are intended to facilitate the development of wildlife crossings and conventional road passages to meet ungulate demands.</p><p>We monitored moose fitted with GPS radio collars and characterized their space and habitat use patterns in southwestern Sweden. Moose had seasonal differences in habitat selection within their home range, and generally preferred clear-cuts and early successional forest, boreal forest, and glades, but avoided agricultural areas and open water. We used infrared remote cameras, track surveys, and GPS telemetry to monitor the use of wildlife crossings and conventional road passages by moose and roe deer (Capreolus capreolus). The upgrading of a non-fenced road to a fenced highway with three wildlife crossings decreased the moose movements across the highway by 67-89 %. Overpass use by moose and roe deer declined with increased traffic volume on the highway and both species walked during periods of low highway traffic volumes and shifted to trotting as traffic intensity increased. Low rates of human disturbances and proximity to forest edges increased use of highway underpasses by roe deer. Moose used large underpasses to a higher degree than small.</p>

Increasingly wildlife managers and land managers are challenged to maintain the viability and connectivity among large mammal populations. Thus, it is important that effective highway crossings are identified and optimized with respect to construction cost, facilitation of ungulate movements, and ability to reduce wildlife-vehicle collisions. The use of exclusion fencing to reduce ungulate-vehicle collisions is commonly installed along Swedish highways. However, exclusion fences may pose a threat to the viability of wildlife populations because they serve as barriers to individual movements and may limit accessibility to resources. Various types of wildlife crossings intended to reduce road-kills and increase habitat connectivity across fenced highways have been constructed throughout the world. Previous studies have evaluated the importance of structure design and size for many ungulate species, but few studies involved moose (Alces alces) which is the target species for most large ungulate mitigations in Sweden. The results of the studies are intended to facilitate the development of wildlife crossings and conventional road passages to meet ungulate demands. We monitored moose fitted with GPS radio collars and characterized their space and habitat use patterns in southwestern Sweden. Moose had seasonal differences in habitat selection within their home range, and generally preferred clear-cuts and early successional forest, boreal forest, and glades, but avoided agricultural areas and open water. We used infrared remote cameras, track surveys, and GPS telemetry to monitor the use of wildlife crossings and conventional road passages by moose and roe deer (Capreolus capreolus). The upgrading of a non-fenced road to a fenced highway with three wildlife crossings decreased the moose movements across the highway by 67-89 %. Overpass use by moose and roe deer declined with increased traffic volume on the highway and both species walked during periods of low highway traffic volumes and shifted to trotting as traffic intensity increased. Low rates of human disturbances and proximity to forest edges increased use of highway underpasses by roe deer. Moose used large underpasses to a higher degree than small.

On considère des méthodes de Galerkin stochastiques pour des systèmes hyperboliques faisant intervenir des données en entrée incertaines de lois de distribution connues paramétrées par des variables aléatoires. On s'intéresse à des problèmes où un choc apparaît presque sûrement en temps fini. Dans ce cas, la solution peut développer des discontinuités dans les domaines spatial et stochastique. On utilise un schéma de Volumes Finis pour la discrétisation spatiale et une projection de Galerkin basée sur une approximation polynomiale par morceaux pour la discrétisation stochastique. On propose un solveur de type Roe avec correcteur entropique pour le système de Galerkin, utilisant une technique originale pour approcher la valeur absolue de la matrice de Roe et une adaptation du correcteur entropique de Dubois et Mehlmann. La méthode proposée reste coûteuse car une discrétisation stochastique très fine est nécessaire pour représenter la solution au voisinage des discontinuités. Il est donc nécessaire de faire appel à des stratégies adaptatives. Comme les discontinuités sont localisées en espace et évoluent en temps, on propose des représentations stochastiques dépendant de l'espace et du temps. On formule cette méthodologie dans un contexte multi-résolution basé sur le concept d'arbres binaires pour décrire la discrétisation stochastique. Les étapes d'enrichissement et d'élagage adaptatifs sont réalisées en utilisant des critères d'analyse multi-résolution. Dans le cas multidimensionnel, une anisotropie de la procédure adaptative est proposée. La méthodologie est évaluée sur le système des équations d'Euler dans un tube à choc et sur l'équation de Burgers en une et deux dimensions stochastiques

In the thesis work, a code to solve the two dimensional compressible Euler equations for external flows around arbitrary geometries have been developed. A Cartesianmesh generator is incorporated to the solver. Hence the pre-processing can be performed together with the solution within a single code. The code is written in the C++ programming language and its object oriented capabilities have been exploited to save memory in the data structure developed. The Cartesian mesh is formed by dividing squares successively into its four quadrants. The main advantage of using this type of a mesh is the ability to generate meshes around geometries of arbitrary complexity quickly and to adapt the mesh easily based on the solution. The main disadvantage of this method is that the treatment of the cells that are cut by the geometry. For the solution procedure Roe&rsquo / s method as well as flux vector splitting methods are used for the flux evaluation. The flux vector splitting schemes used are van Leer, AUSM, AUSMD and AUSMV methods. Time discretization is performed using a multi-stage method. To increase the accuracy least squares reconstruction is employed. The code is validated by performing calculations around a NACA0012 airfoil profile. The effect of reconstruction is demonstrated by plotting the pressure coefficient on the airfoil. The distribution obtained using reconstruction is very close to the experimental one while there is a considerable deviation for the case without reconstruction. Also the shock capturing capabilities of different methods have been investigated. In addition the performance of each method is analyzed for flow around an NLR 7301 airfoil with a flap.

The aim of this study is to develop a code that is capable of solving three-dimensional compressible flows which are viscous and turbulent, and parallelization of this code. Purpose of parallelization is to obtain a computational efficiency in time respect which enables the solution of complex flow problems in reasonable computational times. In the first part of the study, which is the development of a three-dimensional Navier-Stokes solver for turbulent flows, first step is to develop a two-dimensional Euler code using Roe flux difference splitting method. This is followed by addition of sub programs involving calculation of viscous fluxes. Third step involves implementation of Baldwin-Lomax turbulence model to the code. Finally, the Euler code is generalized to three-dimensions. At every step, code validation is done by comparing numerical results with theoretical, experimental or other numerical results, and adequate consistency between these results is obtained. In the second part, which is the parallelization of the developed code, two-dimensional code is parallelized by using Message Passing Interface (MPI), and important improvements in computational times are obtained.

The purpose of this master thesis is to compare the company ContiTrade Services s.r.o. with its competitors between the years 2011 and 2014 by creating a ranking of selected tyre services. This thesis is divided into a practical section and a theoretical section. In the theoretical section are shown basic terms related to the intercompany comparison, the principles of the strategic tool Balanced Scorecard, the chosen indicators for the ranking and the methods of creating a rank within the intercompany comparison. In the practical section a spread (ROE - re), ROE, ROA, ROS, a turnover, a net profit, the amount of subsidiaries, the amount of services, an increase of tangible assets and labour costs are the basis for creating a ranking. These indicators are divided into four section according to the strategic tool Balanced Scorecard. There has been also created a complex ranking between the years 2011 and 2014 based on the above listed indicators.