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Individual investors' preferences regarding green bonds : A survey of Swedish investorsKivikoski, Lauri, Sandberg, Robert January 2019 (has links)
Green bonds are a type of bonds that are designated for investment projects that have a positive effect on the environment. Such projects could be preventing climate change by reducing emissions of greenhouse gases, increasing energy-efficiency, or improving waste management. Green bonds have risen considerably in issued volume in recent years. Sweden has been one of the forerunners in this development and the interest towards these products seems to be high among individual Swedish investors. Initially, investors in green bonds have been mainly financial institutions, but there are an increasing number of mutual funds, which are aimed for retail banking customers as well. Previous research in socially responsible investing has not paid attention to green bonds from the perspective of the private, individual investor. This study is aimed to study potential individual green bond investors in Sweden. The purpose of this study was to answer the research question of who the typical Swedish green bond investors are, based on demographic characters. As research sub-questions, the thesis also answered questions regarding perceived risk and return on green bonds, and the effect of environmental attitude and behaviour on potential green bond investments. The study was carried out as an Internet survey by means of a questionnaire directed to Swedish investors. In total, 66 respondents answered the survey, which was analysed by bivariate and multivariate methods. Among the demographic factors, two were found statistically significant, age, and parenthood. In this sample younger investors (age less than 39), were found to prefer investing in green bonds, compared to older investors. Secondly, the fact of being a non-parent turned out to be a distinctive feature of current and potential investors in green bonds. The results regarding the first research sub-question, showed that the individual investors do not perceive green bonds to be more or less risky or give more or less return than comparable conventional bonds. The second research sub-question regarding environmental attitude and behaviour, showed a significant difference between those who showed a strong pro-environmental behaviour, as opposed to those who showed a weaker pro-environmental behaviour. The conclusion about the influence of environmental attitudes was that it did not have an effect on potential green bond investments.
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Barriers for Responsible Investments: Facilitating a Greener Economy : -A Multiple Case Study of Asset Management CompaniesOlausson, Alexander, Essland, Charlie January 2018 (has links)
Purpose – The purpose of this research is to develop and contribute with an improved understanding of socially responsible investing and its barriers within the asset management sector. To accomplish the purpose of this research, four areas have been investigated; sustainability, business models, socially responsible investing, and barriers for socially responsible investing. Method – Since the research aimed to use the existing theory, and at the same time explore and gain understanding within the area of sustainable, or responsible, investments, the research approach had iterative characteristics with theoretical and empirical findings. Therefore, an abductive research approach was chosen. For the gathering of data, a multiple case study was conducted by interviewing people working within asset management companies. For the analysis of the data, constant comparison, multilevel interviews, and thematic analysis were used. Results – First, the results indicate that socially responsible investments have greatly affected the business models for asset management companies, and responsible investments are starting to become more of a hygiene factor than a way of differentiation. Second, the most significant barrier for the increase of responsible investments is preconceptions and lack of knowledge. This barrier is rooted in an underlying issue, that is lack of transparency regarding asset management companies’ investments. Furthermore, the findings indicate that government actions within the market invested in, was not such a grand barrier as presented in the literature. Theoretical contributions – The main theoretical contribution with this research is the identification of the barrier preconceptions and lack of knowledge, as this is not highlighted in the literature, but among the asset management companies it was highly significant. By analyzing the findings with an institutional theory lens, it is an understandable behavior as there are no incentives for change, hence the managerial contributions consist of regulations. Managerial contributions – The practical contributions with this report is the need for reformed regulations in the industry where asset management companies are operating, in order to increase transparency. By seeing the issue through the lens of institutional theory, it is unlikely for self-regulations to happen as the incentives are not great enough. For self-regulation to happen, the agency costs need to surpass the costs for increased responsible investments, as it would generate enough incentives for a change to happen.
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Bullying, Victimisation, Self-Esteem, and Narcissism in AdolescentsDaly, Anthony Leslie, aldaly@tiscali.co.uk January 2006 (has links)
OBJECTIVES: The general aim of this research was to analyse the relationships between bullying (as a distinct form of aggression), victimisation, personal and collective self-esteem, and narcissism in adolescents. Baumeister et al. (1996) refuted the conventionally accepted view that low self-esteem is a cause of violence whereby, for example, those who lack self-esteem may use aggression as a means of dominating others and thereby gaining self-esteem. Instead, it may be that aggression is related to high self-esteem such that individuals with a combination of high levels of both self-esteem and narcissism are more likely to react aggressively to a perceived threat. Design: After a conducting a small pilot study (n = 112), the main study employed a large-scale cross-sectional survey with self-report questionnaires administered to school students during class. METHODS: Participants were drawn from six metropolitan high schools in Adelaide (South Australia), resulting in 1,628 adolescents (665 females & 963 males, aged 12-17 years) completing the survey. The questionnaire battery comprised modified self-report bully and victim versions of the Direct and Indirect Aggression Scales (Bjorkqvist et al., 1992), personal (Rosenberg, 1979) and collective self-esteem (Luhtanen & Crocker, 1992) scales, the Narcissistic Personality Inventory (Raskin & Hall, 1981), and a measure of socially desirable responding (i.e., Impression Management; Paulhus, 1991). RESULTS: A variety of multivariate analyses controlling for socially desirable responses was employed to test and explore hypothesised relationships. Results showed no relationship between age and any form of bullying or victimisation. Boys reported significantly higher mean levels of direct and total bullying and victimisation, whereas girls reported higher levels of indirect bullying and victimisation. Victimisation was negatively correlated with personal self-esteem, and positively correlated with collective self-esteem. In contrast, bullying was positively correlated with personal self-esteem, with no significant relationship found with collective self-esteem. Collective and personal self-esteem did not differentially predict different types of bullying or victimisation. Narcissism was positively correlated with bullying. The predicted interaction between personal self-esteem, narcissism and bullying was evident, although the predicted collective self-esteem interaction was not found. Impression Management (social desirability) was significantly negatively correlated with bullying and, to a lesser extent, with victimisation. CONCLUSION: Research such as this into the possible causes and correlates of aggression and bullying will assist in the design, implementation, and maintenance of effective interventions. For example, as results corresponded with Baumeister et al.'s (1996) assertion in that bullying was related to high self-esteem, interventions that are designed to increase self-esteem might in reality be counterproductive and possibly contribute to an increase in bullying behaviour. Additionally, victims reported higher collective self-esteem than their non-victimised peers, clearly a novel finding worthy of further research. Findings suggested that, rather than running the risk of underreporting of socially undesirable behaviours, self-report methods provide a useful and valid means of measuring prevalence rates and internal states. Rather than underreporting aggressive behaviours, it is likely that respondents were being honest as they did not feel that these behaviours were, in fact, socially undesirable. The present sample reported bullying and victimisation prevalence rates that were comparatively high, despite using relatively conservative criteria, possibly due to an increased awareness of what constitutes bullying as a result of government and school anti-bullying policies and initiatives. The findings generally correspond with and build upon previous research. In addition, a number of the results are novel, providing numerous opportunities for future researchers to further explore and test the relationships between self-esteem, bullying, and victimisation.
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Socially Integrated Drug Users : Between Deviance and NormalityRødner Sznitman, Sharon January 2007 (has links)
<p>The purpose of this thesis is to improve our knowledge of substance users in the normal population. The main concern is with how the meaning of drug use is constructed. To answer this, the thesis draws on different theoretical principles and mixed methods design.</p><p>The thesis is made up of four sub-studies, with interconnected foci. The first three papers are based on a qualitative research project in which 44 socially integrated drug users in Stockholm were interviewed. The fourth paper is a cross-national quantitative analysis of nationally representative student samples.</p><p>The first of the three qualitative papers explores the construction of the informant’s self-identity. The second paper analyses the informant’s perceptions of drug-related risk, whilst the third paper analyses the drug users’ perception of differences between men’s and women’s drug use. The fourth paper sets the detailed analyses of the first three papers in a broader comparative frame, exploring differences in the correlates of drug use, in light of the different levels of drug use in Sweden and Switzerland.</p><p>The thesis reveals that the drug users are striving to be understood as normal integrated citizens of Swedish society. They present themselves as inherently different from drug abusers and the informants’ risk perceptions are based on a modified form of core Swedish cultural ideals of conscientiousness. The informants also waver back and forth when called upon to discuss gender and drug-taking. On the one hand they were explicit about existing differences between men’s and women’s drug use; on the other hand they were quite uncomfortable having to explicitly explain them, as this meant that they needed to draw on conservative gender roles, something which in Swedish society is a strong sign of being politically incorrect. Furthermore, the thesis shows that young drug abstainers and cannabis users are quite similar in regards to conventional social bonds.</p>
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Socially Integrated Drug Users : Between Deviance and NormalityRødner Sznitman, Sharon January 2007 (has links)
The purpose of this thesis is to improve our knowledge of substance users in the normal population. The main concern is with how the meaning of drug use is constructed. To answer this, the thesis draws on different theoretical principles and mixed methods design. The thesis is made up of four sub-studies, with interconnected foci. The first three papers are based on a qualitative research project in which 44 socially integrated drug users in Stockholm were interviewed. The fourth paper is a cross-national quantitative analysis of nationally representative student samples. The first of the three qualitative papers explores the construction of the informant’s self-identity. The second paper analyses the informant’s perceptions of drug-related risk, whilst the third paper analyses the drug users’ perception of differences between men’s and women’s drug use. The fourth paper sets the detailed analyses of the first three papers in a broader comparative frame, exploring differences in the correlates of drug use, in light of the different levels of drug use in Sweden and Switzerland. The thesis reveals that the drug users are striving to be understood as normal integrated citizens of Swedish society. They present themselves as inherently different from drug abusers and the informants’ risk perceptions are based on a modified form of core Swedish cultural ideals of conscientiousness. The informants also waver back and forth when called upon to discuss gender and drug-taking. On the one hand they were explicit about existing differences between men’s and women’s drug use; on the other hand they were quite uncomfortable having to explicitly explain them, as this meant that they needed to draw on conservative gender roles, something which in Swedish society is a strong sign of being politically incorrect. Furthermore, the thesis shows that young drug abstainers and cannabis users are quite similar in regards to conventional social bonds.
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The financial performance of ethical funds : A comparative analysis of the risk-adjusted performance of ethical and non-ethical mutual funds in UKShloma, Elena January 2009 (has links)
The review of the ethical funds literature shows the significant growth of the Socially Responsible Investments (SRI) in the last few decades. The increase of the interest towards SRI indicates that ethical issues have become more essential for the investors. However the number of surveys reveals that financial performance remains of an important concern for the socially responsible investors. Therefore the benchmark analysis of the expected returns and management fees of the ethical mutual funds is chosen as a topic for this thesis research. The risk-adjusted measures are used to analyze and compare the performance of the ethical and non-ethical mutual funds in United Kingdom. The analysis does not indicate the significant difference in the expected returns between the two groups of funds. However this study concludes that on average ethical funds charge higher management fees. Thus investing in ethical funds is more costly but gives about the same returns as investing in conventional funds.
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Building Evalution Tools to Assess the Usability of Primary Care ClinicsHussain, Tahseen 1986- 14 March 2013 (has links)
Primary care clinics play a vital role in the US healthcare system, providing preventative and cost-effective care. New trends in healthcare such as the development of the medical home model for care, the application of electronic medical records (EMRs), the effort to increase access to care, and the need to adhere to the Health Insurance Portability and Accountability Act (HIPAA) will have direct impacts on the work flow and spatial delineation of primary care clinics. To ensure the success of primary care practices, the architectural design of primary care clinics needs to address these changes to satisfy both patients and staff, and to improve efficiency and outcomes of care. There is limited literature on the design usability (efficiency, effectiveness, and user satisfaction) of primary care clinics.
This study developed a set of building usability evaluation tools to collect, analyze and interpret the “usability” of a primary care facility. The study used previous literature as well as a case study primary care clinic in Maryland as a basis to develop these tools.
In the clinic, data were collected through an initial interview with the head nurse, a forty-hour behavioral observation, and a staff survey. A behavioral observation tool and a survey questionnaire were developed for the data collection. For data analysis, JMP Pro 9 software was used to analyze the data collected through behavioral observation and the staff survey.
The literature review developed a “Building Usability Framework” specifically for healthcare design. A data analysis tool, the “Usability Matrix” was created to integrate and understand the analyzed data within the Building Usability Framework.
Integrating the analyzed data from the case study within the Usability Matrix, a primary care clinic usability evaluation survey was developed at the end of the study. This survey along with the behavioral observation tool and design analysis tools were compiled together to produce the “Building Usability Evaluation Tool-Kit for Primary Care Clinics.” This tool-kit can be used by architects and researchers interested in designing and analyzing “usable” primary care clinics.
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Sustainable Investment performance: investor's ethical dilemma : A comparative study of the US, UK and Eurozone sustainable and conventional indicesRocchia, Bénédicte, Béchet, Léo January 2011 (has links)
No description available.
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Robot learners: interactive instance-based learning with social robotsPark, Hae Won 08 June 2015 (has links)
On one hand, academic and industrial researchers have been developing and deploying robots that are used as educational tutors, mediators, and motivational tools. On the other hand, an increasing amount of interest has been placed on non-expert users being able to program robots intuitively, which has led to promising research efforts in the fields of machine learning and human-robot interaction. This dissertation focuses on bridging the gap between the two subfields of robotics to provide personalized experience for the users during educational, entertainment, and therapeutic sessions with social robots. In order to make the interaction continuously engaging, the workspace shared between the user and the robot should provide personalized contexts for interaction while the robot learns to participate in new tasks that arise.
This dissertation aims to solve the task-learning problem using an instance-based framework that stores human demonstrations as task instances. These instances are retrieved when confronted with a similar task in which the system generates predictions of task behaviors based on prior solutions. The main issues associated with the instance-based approach, i.e., knowledge encoding and acquisition, are addressed in this dissertation research using interactive methods of machine learning. This approach, further referred to as interactive instance-based learning (IIBL), utilizes the keywords people use to convey task knowledge to others to formulate task instances. The key features suggested by the human teacher are extracted during the demonstrations of the task. Regression approaches have been developed in this dissertation to model similarities between cases for instance retrieval including multivariate linear regression and sensitivity analysis using neural networks. The learning performance of the IIBL methods were then evaluated while participants engaged in various block stacking and inserting scenarios and tasks on a touchscreen tablet with a humanoid robot Darwin.
In regard to end-users programming robots, the main benefit of the IIBL framework is that the approach fully utilizes the explanatory behavior of the instance-based method which makes the learning process transparent to the human teacher. Such an environment not only encourages the user to produce better demonstrations, but also prompts the user to intervene at the moment a new instance is needed. It was shown through user studies that participants naturally adapt their teaching behavior to the robot learner's progress and adjust the timing and the number of demonstrations. It was also observed that the human-robot teaching and learning scenarios facilitate the emergence of various social behaviors from participants. Encouraging social interaction is often an objective of the task especially with children with cognitive disabilities, and a pilot study with children with autism spectrum disorder revealed promising results comparable to the typically developing group.
Finally, this dissertation investigated the necessity of renewable context for prolonged interaction with robot companions. Providing personalized tasks that match each individual's preferences and developmental stages enhances the quality of the user experience with robot learners. Confronted with the limitations of the physical workspace, this research proposes utilizing commercially available touchscreen smart devices as a shared platform for engaging the user in educational, entertainment, and therapeutic tasks with the robot learners.
To summarize, this dissertation attempts to defend the thesis statement that a robot learner that utilizes an IIBL approach improves the performance and efficiency of general task learning, and when combined with the state-of-the-art mobile technology that provides personalized context for interaction, enhances the user's experience for prolonged engagement of the task.
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The relationship between Machiavellianism, social goals and social aggressionGriesemer, Sarah Ricord 14 February 2012 (has links)
Social aggression -- the use of covert forms of aggression such as betrayal, gossip, and rumor-spreading -- has only recently been the focus of research and is not yet well understood. This study hypothesizes that the tactics of socially aggressive children are consistent with the social manipulations of Machiavelli. Niccolo Machiaveli wrote extensively on the coercive techniques he used to gain power, achieve his goals, and defend his country (e.g. Machiavelli, 1513/1968). Christie and Geis (1970), inspired by Machiaveli, began researching a form of social manipulation that they term Machiavellianism. While the similarities in characteristics of Machiavellian and socially aggressive children seem to indicate that they may share behavioral strategies and social goals, there is no research to date that compares these children. Additionally, since little research has examined the goals of social aggression in relational conflict situations this study used a quantitative measure of social goals in order to better understand the purpose of a child's behavior. / text
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