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Abstract Syfte:Att med resultat baserade på World Value Surveys undersökningar, studera de postmoderna värderingarnas betydelse för befolkningars aggregerade beteenden och dess eventuella konsekvenser för politiken. Inledningsvis redogörs för problematiken kring postmoderna värderingar från ett politiskt-teoretiskt perspektiv. Därefter genomförs en teoriprövning med hjälp av regressionsanalyser för att se i hur hög grad värderingar samvarierar med utvalda beteendemönster, vilka kan tänkas vara signifikanta för befolkningar med postmoderna värderingar. Frågeställningar:Finns samband mellan graden av postmoderna värderingar befolkningar har, och följande fyra beteendemönster? 1. Hushållsskuld i förhållande till inkomst. 2. Andel enpersonshushåll.  3. Antal skönhetsoperationer.  4. Påverkan på miljön i form av globalt fotavtryck.  Finns eventuella samband kvar med kontroll för BNP/Capita? Resultat:Studien visar förhållandevis höga korrelationsgrader mellan värderingar och flera beteendemönster. Med kontroll för varandra, har dock BNP/Capita ofta en högre korrelationsgrad. Ingenting tyder på att befolkningar med postmoderna värderingar tar en större praktisk hänsyn till miljön än andra länders befolkningar, även med kontroll för BNP/Capita.

Value-based management (VBM) is a business philosophy and management system for competing effectively in the global marketplace, based upon the inherent value, dignity and empowerment of each person particularly each employee, customer and supplier. Although VBM has been implemented in an organisation, the difficulty remains that the employees/workers do not necessarily understand the mechanics of VBM, or their actions in value creation. The main objective of this study is to determine if the employees/workers of the mining organisation understand the basic concepts of VBM, where it has been implemented and to determine whether or not VBM has been successfully implemented within a mining organisation. This was done by collecting data using a standardised questionnaire distributed among the mining company‟s employees. The results from the study indicated that VBM in general was successfully implemented but that lower lever employees is less informed on certain aspects of VBM. / MBA, North-West University, Potchefstroom Campus, 2014

My main aim is to contribute to the exploration of the nature of the epistemic state of understanding. It seems that the most productive way in which this might be done is by (i) investigating what sort of conditions must be fulfilled in order for one to understand, and (ii) comparing understanding’s place in certain contemporary debates to the place that knowledge has in those debates. Regarding conditions for understanding, I will argue that there are two types of understanding that are most relevant to epistemology—objectual understanding and atomistic understanding. I will contend that atomistic understanding is entirely factive while objectual understanding is moderately factive, that objectual understanding admits of degrees, that both types involve some sort of grasp of explanatory relations, that both possess a measure of luck immunity, and that both are cognitive achievements with instrumental, teleological, contributory and (crucially) final value. It must be stressed that the general accounts of both types of understanding that I attempt to provide are not supposed to be exhaustive sets of necessary and sufficient conditions—I remain particularly open to the possibility that there are further necessary conditions that are as yet undiscovered, especially for objectual understanding. Regarding understanding’s place in contemporary debates, it is perplexing that existing work does not capitalise on the thought that treating understanding in conjunction with many of the most prominent issues in recent epistemology is a worthwhile project that could yield interesting and important results. I will summarise understanding's potential significance for a number of these topics, looking at all of the following (in varying degrees of detail): factivity, coherentism, norms of assertion, the transmission of epistemic properties, epistemic luck, the nature of cognitive achievement, and epistemic value. This last topic is one that I think is particularly important to an investigation into understanding, because it is quite plausible that there is a particularly strong revisionist theory of epistemic value focused on understanding. Such a view would be one on which knowledge is not finally valuable, but one by way of which we could nonetheless explain why we might pre-theoretically think that knowledge is finally valuable. Since revisionist views often involve a claim that we should think of a different, closely related epistemic state as distinctively valuable, it is natural to consider understanding as a prime candidate for the focus of such a theory.

Renneboog et al (2008) argue that it remains to be seen whether corporate social responsibility (CSR) can be priced. In light of this, this thesis tests the performance and market valuation of CSR indicators by using a comprehensive set of KLD indicators. Chapter Three of this thesis examines the effect of CSR on financial performance by incorporating CSR into the investment process. As no clear break point is found for the normalised KLD score, the net KLD score is used as an alternative portfolio metric. In addition, most KLD indicators are found to have insignificant alphas for the high-scoring, low-scoring, and long-short portfolios—meaning that investors do not earn abnormal returns through a long-short strategy. Moreover, insignificant alphas are recorded for most of the indicators under the best-in-class approach—meaning that the application of industry classification does not affect results. Finally, both the conditional Ferson and Schadt (1996) model and conditional three-factor model are used as robustness checks, with most indicators having insignificant alphas for these conditional models. As such, the results imply that there is neither outperformance nor underperformance when using portfolios formed with CSR scores; however, there are significant differences in factor loadings between high-scoring and low-scoring CSR portfolios. Chapter Four uses a framework consistent with the Peasnell (1982) and Ohlson (1995) model to examine whether CSR is reflected in share prices. The CSR indicator is treated as the “other information” variable, and the association between CSR and market price is estimated by controlling for book value of equity, net income and dividends. Although the market is found to value different KLD indicators differently, most of the indicators are found to have positive impact on market value (except for corporate governance and human rights). R&D and advertising expenditure are both added to the valuation model for robustness checking purposes. Some of the CSR indicators—and especially for the case of environment—are not valued during the earlier stages, but become increasingly valued over time. The ten industries are also found to have varying effects on market valuation. In summary, high-scoring CSR firms display higher valuations than low-scoring CSR firms, and thus it can be concluded that a socially responsible agenda does not conflict with maximising shareholder value. Since most of the CSR indicators in Chapter Four lead to positive market price valuations, Chapter Five aims to disaggregate the value effect into the separate components of ROE ratio, the implied cost of capital (ICC) and growth rate. Three different methodologies are used to test the relationship between CSR, ICC and the long-run growth rate. The relationship between CSR and growth rate is positive with all of the methodologies. However, the different methodologies return differing results for the relationship between CSR and ICC, which may be due to the different assumptions made by each approach. Furthermore, it suggests that long-run growth rate differences in general may be more important than ICC differences. Finally, most KLD indicators are found to have significantly higher P/V and ROE1 ratios for the high-scoring CSR portfolios than for the low-scoring CSR portfolios.

The use of the p-value in determination of statistical significance—and by extension in decision making—is widely taught and frequently used.  It is not, however, without limitations, and its use as a primary marker of a worthwhile conclusion has recently come under increased scrutiny.  This paper attempts to explain some lesser-known properties of the p-value, including its distribution under the null and alternative hypotheses, and to clearly present its limitations and some straightforward alternatives.