3,945 research outputs found
Does Community and Environmental Responsibility Affect Firm Risk? Evidence from UK Panel Data 1994-2006
The question of how an individual firmâs environmental performance impacts its firm risk has not been examined in any empirical UK research. Does a company that strives to attain good environmental performance decreases its market risk or is environmental performance just a disadvantageous cost that increases such risk levels for these firms? Answers to this question have important implications for the management of companies and the investment decisions of individuals and institutions. The purpose of this paper is to examine the relationship between corporate environmental performance and firm risk in the British context. Using the largest dataset so far assembled, with Community and Environmental Responsibility (CER) rankings for all rated UK companies between 1994 and 2006, we show that a companyâs environmental performance is inversely related to its systematic financial risk. However, an increase of 1.0 in the CER score is associated with only a 0.02 reduction in firmâs risk and cost of capital
Growth, profits and technological choice: The case of the Lancashire cotton textile industry
Using Lancashire textile industry company case studies and financial records, mainly from the period just before the First World War, the processes of growth and decline are re-examined. These are considered by reference to the nature of Lancashire entrepreneurship and the impact on technological choice. Capital accumulation, associated wealth distributions and the character of Lancashire business organisation were sybiotically linked to the success of the industry before 1914. However, the legacy of that accumulation in later decades, chronic overcapacity, formed a barrier to reconstruction and enhanced the preciptious decline of a once great industry
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Trending now: feminism, sexism, misogyny and postfeminism in British journalism
In the last few years feminism has gained spectacular visibility across media and popular culture. As Sarah Banet-Weiser (2018) observes, âeverywhere you turn, there is an expression of feminism â on a T-shirt, in a movie, in the lyrics of a pop song, in an inspirational instagram post, in an acceptance speechâ. News media have been pivotal to this, not only reporting on feminist campaigns such as slutwalk or metoo, or on feminist demonstrations like the Womenâs marches, but also centering feminism as a topic of discussion â whether substantively in terms of equal pay or sexual violence, or more broadly as something to be routinely asked of politicians, actresses or pop stars. âThe new DO: Calling yourself a feministâ announced Glamour magazine in the US, cementing a wider impression that no interview of a high-profile woman is complete without its subject being asked about their views of or identification with feminism
Quantum gravitational contributions to quantum electrodynamics
Quantum electrodynamics describes the interactions of electrons and photons.
Electric charge (the gauge coupling constant) is energy dependent, and there is
a previous claim that charge is affected by gravity (described by general
relativity) with the implication that the charge is reduced at high energies.
But that claim has been very controversial with the situation inconclusive.
Here I report an analysis (free from earlier controversies) demonstrating that
that quantum gravity corrections to quantum electrodynamics have a quadratic
energy dependence that result in the reduction of the electric charge at high
energies, a result known as asymptotic freedom.Comment: To be published in Nature. 19 pages LaTeX, no figure
Bose-Einstein condensation for interacting scalar fields in curved spacetime
We consider the model of self-interacting complex scalar fields with a rigid
gauge invariance under an arbitrary gauge group . In order to analyze the
phenomenon of Bose-Einstein condensation finite temperature and the possibility
of a finite background charge is included. Different approaches to derive the
relevant high-temperature behaviour of the theory are presented.Comment: 28 pages, LaTe
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