During the last few decades, economists have become interested in the wine industry and several of them have focused on the determinants of price. One characteristic that has been identified as an important determinant is expert wine ratings. Much of the previous research on this topic has focused on relating expert grades to the retail price of wine. Using proprietary data, this paper will test whether these grades influence retail prices as well as retailer profits and wholesale pricing. By analyzing an individual wholesale firm in South Florida and their distribution network, this paper determines the effect expert ratings have on these dependent variables. Empirical evidence confirms that expert ratings have a positive effect on wholesale and retail wine prices and that they exhibit a parallel influence on retailer profits. This thesis aims to contribute new information to aid both the end consumers purchasing decisions as well as busi-ness pricing strategies.

Although teacher and parent informants often are used to gather information regarding adolescents* emotional and behavioral functioning, research has suggested that agreement among these raters and adolescents* self-ratings tends to be low to moderate. Given that friends typically play an important role in the lives of adolescents, the present study sought to determine the relative agreement amongst adolescent self-reports and those of their friends as well as factors that might impact this agreement. In particular, a sample of 207 culturally diverse high school students were matched based on perceived friendship closeness and asked to provide ratings of their own emotional and behavioral problems as well as that of an identified friend. Additionally, adolescents provided information regarding their friendship quality, previous exposure to psychopathology in others, and social competence as well as their endorsements for etiological attributions for friends* behavior. Results revealed that adolescent self-ratings and those of their friends demonstrate high levels of agreement for both internalizing and externalizing problems. Further, raters* emotional and behavioral problems were related inconsistently to rating agreement, whereas friendship quality and other rater characteristics (i.e., previous exposure, social competence) did not demonstrate a relationship. Additionally, friends tended to provide explanations for behavior problems that varied according to the type of behavior observed. Specifically, adolescents were more likely to provide explanations that were external in nature for internalizing symptoms, whereas explanations for externalizing symptoms were both internal and external. Overall, this study provided additional support for the utility of friend informants when ratings of adolescents* emotional and behavioral problems are needed.

The current study applies a newly proposed mechanical combination method along with four traditional mechanical combination methods to assessment center scoring. These comparisons were made for two job levels (Fire Lieutenant and Fire Captain). The study further assesses the level of adverse impact for the various methods at three cut-off scores. Results indicated that the new contingency-based scoring method was successfully implemented in the assessment center. Results were mixed regarding whether the contingencies developed for the two job levels were different. Further, results indicated that although the various combination methods were highly correlated as expected, there were clear distinctions in the decisions made based on the different combination methods. Specifically, the various combination methods resulted in different candidates comprising the qualifying cut-off ranks. Finally, results showed that the contingency-based method had less adverse impact overall when compared to the other four methods. Future research is proposed in addition to a discussion of the limitations of the study. The main limitation was a lack of criterion data.

The determinants that affect the financial performance of an insurance company are complicated due to the intangible nature of insurance products and the lack of transparency in the market. Consequently, the financial performance of insurance companies is important to various stakeholders such as policyholders, insurance intermediaries and policymakers. This study aims to investigate the determinants of financial performance of insurance companies based on their financial strength rating performance. The empirical data are drawn from A.M. Best Insurance Report Online: Non- US Database. The sample consists of 57 insurers in the United Kingdom over the period of 2006 to 2010. The analyses include eight firm-specific variables, which are leverage, profitability, liquidity, size, reinsurance, growth, type of business and organisational form. Rating transition matrices and regression models are employed in this study. Rating transition analysis demonstrates a significant degree of rating changes, as reflected in the rating fluctuations. Based on the empirical results, this study establishes that profitability, liquidity, size and organisational form are statistically significant determinants of financial performance of insurance companies in the United Kingdom. This study recommends an alternative to measure the size of an insurance company, which is based on the gross premium written. In addition, this study provides insights into the effects of the global financial crisis on the financial performance of the insurance companies. / Ministry of Education of Malaysia; Universiti Utara Malaysia

The study has identified a lack of research that has studied the value of sustainability reports for private investors in Sweden. Existing research has mostly been conducted from the perspective of companies and institutional investors, hence there is a gap that needs to be studied.  The purpose of the study is to gain a better understanding of the incentives that lead to sustainable investments for Swedish private investors. Furthermore, the study aims to investigate how sustainability reports and ESG ratings are assessed as sources of information in an investment decision.  Firstly, it presents the research that has already been done in this area and then proceeds to present the GRI framework. Finally, Planned Behavior theory and Individual decision process theory are presented.  A qualitative method in the form of semi-structured interviews was conducted with 9 private investors who have read sustainability reports in the past and priorities sustainability in their investments. The respondents were selected through the researchers' social media and were interviewed either physically or remotely.  The result shows that the respondents receive sustainability information from different sources depending on their attitude towards the information source, which is based on previous experiences, level of knowledge, preference of asset type and level of commitment. Respondents choose sustainable options due to two factors: 1) good long-term returns and 2) strong values. Sustainability reports are used due to two factors: 1) demand for detailed information and 2) the perception that sustainability reporting leads to increased responsibility for companies. However, the respondents find shortcomings in the reports, especially in terms of clarity and reliability.  These shortcomings can be partly explained by respondent’s lack of understanding of information as well as companies' attempts to hide underperformance and emphasize positive news. Finally, ESG ratings are mainly used because respondents seek information that is easy to obtain and easy to understand. As was established in relation to sustainability reports, past experiences are also decisive here in the perception of ESG ratings. The respondents who use only ESG ratings have previously had positive experiences such as social confirmation from their surroundings, which then creates the positive attitude towards ESG ratings.  Both sustainability reports and ESG ratings have their advantages and disadvantages, which affects the usability of it among the respondents. The study argues that it is previous experiences that particularly create a specific attitude that give birth to repeated use of information sources as a basis for investment decisions for the respective respondent.

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