541 research outputs found
The Relationship of the Institutionalized Juvenile Delinquent’s Self-Concept to reading Achievement and IQ
The literature has suggested that delinquents are characterized by a reading disability and a negative self-concept. The problem was to determine if there was a significant correlation between the measured self- concept and reading achievement, self-concept and IQ, and reading achievement and IQ of Institutionalized Juvenile Delinquents. A secondary purpose of the study was to determine if there was a significant difference between the self-concept of the present sample and the self-concept of the standardization sample used in the Piers-Harris Self-Concept Scale
Does climate transition investments pay off? An empirical analysis of active Nordic funds and performance effects of exposure to carbon transition risk
Sustainable finance and investment strategies have received increasing attention the
previous years. In this thesis, we investigate the performance effects of carbon transition
risk exposure in Nordic mutual funds. The analysis is restricted to 655 funds between the
period from March 2017 to September 2022. We provide evidence that carbon transition
risk does not independently impact the risk-adjusted performance in Nordic mutual funds.
This result is inconsistent with existing literature on the topic where expanding carbon
transition risk has a negative impact on performance.
Furthermore, we conduct a portfolio analysis where we investigate the impact of active
management on performance within high and low carbon risk environments. Including
this perspective does not change the result, and we conclude that the carbon risk does
not impact risk-adjusted performance in our sample. As we find that carbon risk is
closely related to volatility and systematic risk, we hypothesize that carbon risk are
increasingly accounted for by financial risk. This could explain why our findings deviate
from the literature, as indirectly changing financial risk would not change the risk-adjusted
performance. The decreasing performance of growth stocks due to rising interest rates
could also eliminate the excess risk-adjusted return of low carbon risk funds.nhhma
SIMEN. Studies of industry, environment and energy towards 2000
This paper describes an attempt to analyze the question of how to control air pollution, without hampering further economic growth. The analytical framework is a macroeconomic planning model, extended with a submodel for air pollution. Taxes on petroleum products for heating and transportation purposes are substantially increased, with the aim of stabilizing Norwegian emissions of CO2 and simultaneously decrease the emissions of SO2 and NOS . This policy change is analyzed under the restriction of balanced government budgets. The increase in revenue from the taxation of petroleum products, is counteracted by an equivalent reduction in taxes or wage income. On average this leaves production costs and competitiveness unchanged and contributes to a more efficient use of the labour force and energy
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