1,721,608 research outputs found
Is the European Union (EU) Sustainable Finance Disclosure Regulation (SFDR) effective in shaping sustainability objectives? An analysis of investment funds' behaviour
Full text linkThis paper investigates how investment funds behave in line with European Union (EU)'s Sustainable Finance Disclosure Regulation (SFDR). The SFDR requires investment funds to take a clear position with respect to sustainability objectives, aiming at addressing the threats of greenwashing. However, we still do not know whether investment funds are managed accordingly. We frame our study within the organizational category theory, using Morningstar Direct data to analyze the category of investment funds declaring sustainability objectives - SFDR Article 9- and a control group with no sustainability objectives - SFDR Article 6. We assess how investment managers are financially incentivized to achieve either sustainability or financial objectives. The analysis evidences unexpected results: investment funds that self-select into opposite categories have incentives to behave similarly from both the financial and sustainability perspectives. Our results show that European investment funds hardly distinguish the attributes of sustainability meanings across opposite categories, reflecting category fuzziness
Platinum-based versus non-platinum-based chemotherapy in advanced non-small-cell lung cancer: Does cisplatin versus carboplatin make a difference?
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Going Beyond Counting First Authors in Author Co-citation Analysis
Full text linkThe present study examines one of the fundamental aspects of author co-citation analysis (ACA) - the way co-citation
counts are defined. Co-citation counting provides the data on which all subsequent statistical analyses and mappings
are based, and we compare ACA results based on two different types of co-citation counting - the traditional type that
only counts the first one among a cited work's authors on the one hand and a non-traditional type that takes into
account the first 5 authors of a cited work on the other hand. Results indicate that the picture produced through this non-traditional author co-citation counting contains more coherent author groups and is therefore considerably clearer. However, this picture represents fewer specialties in the research field being studied than that produced through the traditional first-author co-citation counting when the same number of top-ranked authors is selected and analyzed. Reasons for these effects are discussed
Investors’ aspirations toward social impact: A portfolio-based analysis
Full text linkIn the last ten years, we have witnessed a proliferation of investors claiming blended value strategies, i.e., pursuing both economic and social returns in their investments. Aside from this rush for self-selecting in a blended value finance context, we still do not know to what extent the investors’ claims actually reflect investment decisions. Evidence suggests that, in some cases, such investors tend to maximize the social performance over the financial performance; in some others, the effect is reverted, but literature currently lacks studies aligning the analysis of the investment decisions with the investment portfolios. Yet, it is still unclear whether blended value investment decisions are enacted as a result of investors’ deliberate strategies and what influences this relationship. In this paper we tackle this issue, analyzing the extent to which investors’ finance firms pursuing goals aligned with their strategic aspirations. Specifically, adopting a Fractional Logistic Regression model, we test the effect of investors’ aspirations toward social impact on the extent to which their investees (i.e., the portfolio of firms in which they invest) pursue social returns. Results suggest the existence of a positive and significant investor–portfolio alignment effect (i.e., the higher the investors’ aspirations toward social impact, the higher the number of investees with higher social aspirations). Yet, this effect is influenced by contingencies at both investor and portfolio levels. Investors with strong aspirations toward social impact that: (i) invest in countries with high levels of social inequality, and (ii) are located in countries that support social progress and maximize, in their portfolios, the presence of businesses pursuing social impact. We discuss implications for future researchers, policymakers and practitioners
Raccontare la valutazione sommativa. Strategie per rendere formativo il voto
No full textThe summative assessment is known, mainly in the upper secondaryschool, as the grade that the teachers give after an oral, written or practicalexamination. Sometimes, the teachers talk and debate with the pupils,sometimes the pupils are only informed without underlining any formativeaspects. If the teachers tell and discuss the summative assessment with thepupils, they can activate several formative values which can remain latentand hidden. This situation can rise misunderstandings and the assessmentcannot trigger metacognitive and self-reflective processes. This experimen-tal study was aimed at verifying that the organization of modalities ofgrade’s communication among teachers, pupils and parents can foster andenhance a better comprehension of the assessment and start meaningfulformative processes
EU financial regulations and social impact measurement practices: A comprehensive framework on finance for sustainable development
Full text linkSustainability is becoming the main character of the financial industry in Europe, especially after the Sustainable Finance Disclosure Regulation (SFDR) 2019/2088, which came into force on March 10th, 2021. However, despite the top-down indications for disclosing and reporting sustainability practices provided by this new policy, financial actors still lack a comprehensive framework on how to track and measure their social and environmental contributions within the perimeter of this novel institutional context. This paper discusses the implications for financial actors brought by the SDFR and builds a conceptual link with social impact measurement practices. In particular, the article provides a comprehensive framework that identifies strategic approaches and measurement tools for financial actors for building a more sustainable finance, that is a finance focused on the purest dimension of blended value and more attentive to sustainable development
Thermal-structural analysis of a square solar sail
Full text linkThe aim of this work is to improve an efficient methodology, recently developed to study the structural response of a classical square solar sails in free flight, under the action of the solar radiation pressure. The new approach models the effect of thermal loads acting on the sail's reflective surface. In particular, a square solar sail with a side length of 20m at 1au distance from the Sun is analyzed for different values of incidence and clock angles. The thermal-structural analyses are carried out under the assumption that the stress-displacement solution depends on the temperature field, but there is no inverse dependency. The thermal loads, for some attitude conditions, are shown to have remarkable effects on the sail deformation
Biomonitoraggio costiero nel mare Adriatico con particolare riguardo alla comparsa di mucillagini e di microalghe tossiche
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