1,240 research outputs found
L’impatto dei fattori ESG sui portafogli azionari: un’analisi sui mercati di Europa, Giappone e Stati Uniti
No full textL’obiettivo della presente analisi è di veri!care se l’inclusione dei fattori ESG,
in una logica di divisione geogra!ca (Europa, Giappone e Stati Uniti), consenta
di conseguire migliori performance sui mercati azionari, come evidenziato
in lavori precedenti (Cheng, Ioannou e Serafeim 2014, Dimson, Karakas e Li
2015, Friede, Busch e Bassen 2015 Ielasi, Ceccherini e Zito 2020). Sono stati
confrontati alcuni indici azionari (EuroStoxx 600, S&P 500, Topix 500) e l’ESG
Sustainalytics score, cercando di: i) valutare l’impatto ESG sui mercati in
un orizzonte temporale medio/lungo (5 anni); ii) esaminare le conseguenze sui
mercati dell’imposizione alle imprese europee di grandi dimensioni della rendicontazione
non !nanziaria, contenente informazioni sulla performance ambientale
e sociale, avvenuta nel 2018 (3 anni); iii) analizzare l’e"etto pandemico sui
mercati, ove è presente il fattore ESG, (1 anno).I risultati ottenuti mostrano che nel periodo esaminato i portafogli con il
miglior “ESG Sustainalytics score” (primo quartile dell’indice geogra!co di appartenenza)
hanno ottenuto un maggior rendimento cumulato e un valore più
alto dell’Indice di Sharpe.!e impact of ESG Factors on Equity Portfolios: an analysis of European,
Japanese and American Stock Markets – Abstract
!e aim of this analysis is to verify if the inclusion of ESG factors, in relation to
geographical sectors (Europe, Japan and US), allows a better investment performance
in the stock markets, as shown by prior literature (Cheng, Ioannou e Serafeim 2014,
Dimson, Karakas e Li 2015, Friede, Busch e Bassen 2015, Ielasi, Ceccherini e Zito
2020). We have compared the stock indexes EuroStoxx 600, S&P 500, Topix 500
and the ESG Sustainalytics score, in order to: i) estimate the impact of factor investing ESG in the medium and long term (5 years); ii) examine the consequences of
new regulation on non-"nancial information regarding environmental and social
performances, applied from 2018 (3 years); iii) analyze the pandemic e#ect on Stock
Markets, where ESG factor investing can be found (1 year). Our results show that in
the examined period, portfolios with the highest ESG Sustainanlytics score (the "rst
quartile of geographic sector) have achieved a greater cumulated yield and a higher
Sharpe Ratio value
Danno e riduzione in pristino nella legislazione ambientale
No full textL'art.18 della legge 8 luglio 1986,n.349 prevede che il giudice ordinario disponga il ripristino dello stato dei luoghi a spese del responsabile. La scelta del legislatore ha l'esigenza pratica di apprestare di fronte alla lesione dei beni ambientali una modalità di risarcimento che tende al ripristino della situazione precedente
Recent and Abrupt Increase in Forest Harvested Area over Europe Detected from Space
No full text<p>This repository includes the Google Earth Engine (GEE) and R code associated to the following paper:</p>
<p><strong>Ceccherini G., G. Duveiller, G. Grassi, G. Lemoine, V. Avitabile, A. Cescatti.</strong> Recent and Abrupt Increase in Forest Harvested Area over Europe Detected from Space</p>
Nannipieri, P., Ascher, J., Ceccherini, M.T., Landi, L., Pietramellara, G. & Renella, G. 2003. Microbial diversity and soil functions. European Journal of Soil Science, 54, 655–670.: Reflections by P. Nannipieri, J. Ascher-Jenull, M. T. Ceccherini, L. Giagnoni, G. Pietramellara & G. Renella
No full textOur review of 2003 discussed the meaning of both microbial diversity and microbial activity at the dawn of the ‘soil omics’ era. It focused on problems with the methods to determine them and on the main ways that soil functions depend on microbial processes. Between 2003 and 2016, the molecular techniques applied in the study of soil microbial diversity have improved markedly. Sequencing techniques today provide accurate estimates of microbial diversity in soil, whereas determining the expression of microbial genes as synthesized proteins is still problematic (Renella et al., 2014a). The assumption was and still is that with a fuller understanding of microbial diversity we might be able to control some soil functions. This is a fallacy because soil functions depend on microbial activity and not only on microbial diversity. A better understanding of the link between microbial diversity and microbial activity might be obtained by an integration of molecular and classical techniques. Sequencing techniques have confirmed the primary role of soil properties in shaping soil microbial diversity and the redundancy of species involved in soil processes such as the mineralization of organic C. Future research should improve techniques for the characterization of soil proteomics, promote the combination of classical and molecular approaches, promote hypothesis‐ more than technology‐driven research and propose molecular markers as indicators of soil quality, for example, the gene copy/gene expression or gene/enzyme activity ratios
Ripensare i limiti. La pubblicità nella moda fra manifestazione del pensiero e libertà imprenditoriale
No full textThe article tries to offer several arguments as whether the advertisement activity can be protected by the freedom of expression rather than the freedom of trade. There are valid arguments in support of either side of this issue. Traditionally both Italy and other European states have shared the vision that advertisement is an essential part of business activity and hence it can not aspire to the analogous level of protection guaranteed by freedom of expression. However scholarship and several relevant courts have changed their approach. They emphasize other outlines of commercial speech like informational aims or artistic elements which can involve it in the freedom of expression. A case in point can be the jurisprudence of the U.S. Supreme court but even that of the Strasbourg Court can be crucial and helpful
Las sentencias de la Corte de Estrasburgo en materia de uniones homosexuales
No full textThe article is focused on the case Oliari and the aim of the author is to point out how the international judicial activism can be useful in order to solve legislative omissions
“Gas Medium Ionization and Harmonic Wavelength Tunability by High-Order Harmonic Generation with Ultrashort Laser Pulses”
No full text- …
