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[{"key": "dc.contributor.advisor", "value": "Junttila, Juha.", "language": null, "element": "contributor", "qualifier": "advisor", "schema": "dc"}, {"key": "dc.contributor.advisor", "value": "Raatikainen, Juhani.", "language": null, "element": "contributor", "qualifier": "advisor", "schema": "dc"}, {"key": "dc.contributor.author", "value": "Saintola, Markus", "language": null, "element": "contributor", "qualifier": "author", "schema": "dc"}, {"key": "dc.date.accessioned", "value": "2016-06-14T13:07:57Z", "language": null, "element": "date", "qualifier": "accessioned", "schema": "dc"}, {"key": "dc.date.available", "value": "2016-06-14T13:07:57Z", "language": null, "element": "date", "qualifier": "available", "schema": "dc"}, {"key": "dc.date.issued", "value": "2016", "language": null, "element": "date", "qualifier": "issued", "schema": "dc"}, {"key": "dc.identifier.other", "value": "oai:jykdok.linneanet.fi:1544752", "language": null, "element": "identifier", "qualifier": "other", "schema": "dc"}, {"key": "dc.identifier.uri", "value": "https://jyx.jyu.fi/handle/123456789/50306", "language": null, "element": "identifier", "qualifier": "uri", "schema": "dc"}, {"key": "dc.description.abstract", "value": "T\u00e4ss\u00e4 tutkielmassa tarkastellaan finanssikriisin vaikutuksia Yhdysvaltoihin, IsoBritanniaan ja Saksaan sijoittavien osakerahastojen suoriutumiseen vuosina 2001 - 2015.\nTutkimustulokset finanssikriisin vaikutuksesta rahastojen suoriutumiseen ovat\ntoistaiseksi melko v\u00e4h\u00e4isi\u00e4 ja ne kattavat yleens\u00e4 korkeintaan muutaman kriisivuoden.\nSuoriutumisen arviointi perustuu Faman ja Frenchin (2015) viiden faktorin\nhinnoittelumallin alfa-arvon tulkintaan. Tutkielmassa tehdyn tarkastelun perusteella se\non ainakin t\u00e4m\u00e4n aineiston tapauksessa v\u00e4hint\u00e4\u00e4n yht\u00e4 toimiva malli, kuin usein\nrahastotutkimuksessa k\u00e4ytetty Carhartin (1997) nelj\u00e4n faktorin hinnoittelumalli.\n\nSaadut tulokset viittaavat siihen, ett\u00e4 rahastot ovat alisuoriutuneet vuosina 2001 \u2013 2007.\nKriisivuosina 2008 \u2013 2015 rahastot ovat kuitenkin suoriutuneet paremmin, kuin ennen\nkriisi\u00e4. USA- ja UK- rahastot ovat kyenneet jopa ansaitsemaan joillakin ajanjaksoilla\npositiivisia bruttotuottoja. Kuitenkin huomioimalla rahastojen keskim\u00e4\u00e4r\u00e4iset\nkustannukset, voidaan nettotuoton arvioida olevan usein negatiivisia n\u00e4iss\u00e4kin\ntapauksissa. Kuten aiemmassa kirjallisuudessa usein esitet\u00e4\u00e4n, my\u00f6s t\u00e4m\u00e4n tutkielman\ntulosten perusteella voidaan todeta, ett\u00e4 varsinkin vahvasti tuottohakuisen sijoittajan on\nusein vaikea hy\u00f6ty\u00e4 rahastosijoituksestaan. \n\nToisaalta jotkin tutkimukset esitt\u00e4v\u00e4t, ett\u00e4 kriisiaikoina rahastojen rooli voi olla\nsijoittajan n\u00e4k\u00f6kulmasta erityisen suuri. Ajatus perustuu siihen, ett\u00e4 rahastot kykenev\u00e4t\nt\u00e4ll\u00f6in tarjoamaan sijoittajalle kohtuullisen hyvin hajautetun position ilman merkitt\u00e4v\u00e4\u00e4\nalisuoriutumista. T\u00e4ss\u00e4 mieless\u00e4 my\u00f6s t\u00e4ss\u00e4 tutkielmassa tarkastellut, erityisesti USA- ja\nUK- rahastot ovat kyenneet suoriutumaan kohtuullisen hyvin vaikeina markkinaaikoina. Rahastojen tarjoamat hy\u00f6dyt riippuvat siten my\u00f6s sijoittajan tavoitteista.\nTutkielman mukaan n\u00e4ytt\u00e4\u00e4 my\u00f6s silt\u00e4, ett\u00e4 finanssikriisill\u00e4 on useissa tapauksissa ollut\nvaikutusta rahastojen faktorilatauksiin. Lis\u00e4ksi rahastojen tuottojen v\u00e4liset korrelaatiot\nn\u00e4ytt\u00e4v\u00e4t useissa tapauksissa kasvaneen kriisin johdosta.", "language": "fi", "element": "description", "qualifier": "abstract", "schema": "dc"}, {"key": "dc.description.provenance", "value": "Submitted using Plone Publishing form by Markus Saintola (masasain) on 2016-06-14 13:07:57.025635. Form: Pro gradu -lomake (https://kirjasto.jyu.fi/julkaisut/julkaisulomakkeet/pro-gradu-lomake). JyX data: [jyx_publishing-allowed (fi) =True]", "language": "en", "element": "description", "qualifier": "provenance", "schema": "dc"}, {"key": "dc.description.provenance", "value": "Submitted by jyx lomake-julkaisija (jyx-julkaisija.group@korppi.jyu.fi) on 2016-06-14T13:07:57Z\nNo. of bitstreams: 2\nURN:NBN:fi:jyu-201606143077.pdf: 2072757 bytes, checksum: b5911bbcc8b1cd30dd3409f788aeb468 (MD5)\nlicense.html: 4871 bytes, checksum: e765495177960cd0bb7ebb6a477e1007 (MD5)", "language": "en", "element": "description", "qualifier": "provenance", "schema": "dc"}, {"key": "dc.description.provenance", "value": "Made available in DSpace on 2016-06-14T13:07:57Z (GMT). No. of bitstreams: 2\nURN:NBN:fi:jyu-201606143077.pdf: 2072757 bytes, checksum: b5911bbcc8b1cd30dd3409f788aeb468 (MD5)\nlicense.html: 4871 bytes, checksum: e765495177960cd0bb7ebb6a477e1007 (MD5)\n Previous issue date: 2016", "language": "en", "element": "description", "qualifier": "provenance", "schema": "dc"}, {"key": "dc.format.extent", "value": "1 verkkoaineisto (75 sivua)", "language": null, "element": "format", "qualifier": "extent", "schema": "dc"}, {"key": "dc.format.mimetype", "value": "application/pdf", "language": null, "element": "format", "qualifier": "mimetype", "schema": "dc"}, {"key": "dc.language.iso", "value": "fin", "language": null, "element": "language", "qualifier": "iso", "schema": "dc"}, {"key": "dc.rights", "value": "In Copyright", "language": "en", "element": "rights", "qualifier": null, "schema": "dc"}, {"key": "dc.subject.other", "value": "Finanssikriisi", "language": null, "element": "subject", "qualifier": "other", "schema": "dc"}, {"key": "dc.subject.other", "value": "rahasto", "language": null, "element": "subject", "qualifier": "other", "schema": "dc"}, {"key": "dc.subject.other", "value": "suoriutuminen", "language": null, "element": "subject", "qualifier": "other", "schema": "dc"}, {"key": "dc.subject.other", "value": "faktorimalli", "language": null, "element": "subject", "qualifier": "other", "schema": "dc"}, {"key": "dc.subject.other", "value": "alfa", "language": null, "element": "subject", "qualifier": "other", "schema": "dc"}, {"key": "dc.subject.other", "value": "Yhdysvallat", "language": null, "element": "subject", "qualifier": "other", "schema": "dc"}, {"key": "dc.subject.other", "value": "Iso-Britannia", "language": null, "element": "subject", "qualifier": "other", "schema": "dc"}, {"key": "dc.subject.other", "value": "Saksa", "language": null, "element": "subject", "qualifier": "other", "schema": "dc"}, {"key": "dc.title", "value": "Finanssikriisin vaikutus Yhdysvaltoihin, Iso-Britanniaan ja Saksaan sijoittavien osakerahastojen suoriutumiseen", "language": null, "element": "title", "qualifier": null, "schema": "dc"}, {"key": "dc.type", "value": "master thesis", "language": null, "element": "type", "qualifier": null, "schema": "dc"}, {"key": "dc.identifier.urn", "value": "URN:NBN:fi:jyu-201606143077", "language": null, "element": "identifier", "qualifier": "urn", "schema": "dc"}, {"key": "dc.type.ontasot", "value": "Pro gradu -tutkielma", "language": "fi", "element": "type", "qualifier": "ontasot", "schema": "dc"}, {"key": "dc.type.ontasot", "value": "Master\u2019s thesis", "language": "en", "element": "type", "qualifier": "ontasot", "schema": "dc"}, {"key": "dc.contributor.faculty", "value": "Jyv\u00e4skyl\u00e4 University School of Business and Economics", "language": "en", "element": "contributor", "qualifier": "faculty", "schema": "dc"}, {"key": "dc.contributor.faculty", "value": "Jyv\u00e4skyl\u00e4n yliopiston kauppakorkeakoulu", "language": "fi", "element": "contributor", 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"dc.date.updated", "value": "2016-06-14T13:07:58Z", "language": null, "element": "date", "qualifier": "updated", "schema": "dc"}, {"key": "yvv.contractresearch.funding", "value": "0", "language": null, "element": "contractresearch", "qualifier": "funding", "schema": "yvv"}, {"key": "dc.type.coar", "value": "http://purl.org/coar/resource_type/c_bdcc", "language": null, "element": "type", "qualifier": "coar", "schema": "dc"}, {"key": "dc.rights.accesslevel", "value": "openAccess", "language": "fi", "element": "rights", "qualifier": "accesslevel", "schema": "dc"}, {"key": "dc.type.publication", "value": "masterThesis", "language": null, "element": "type", "qualifier": "publication", "schema": "dc"}, {"key": "dc.subject.oppiainekoodi", "value": "2041", "language": null, "element": "subject", "qualifier": "oppiainekoodi", "schema": "dc"}, {"key": "dc.subject.yso", "value": "finanssikriisit", "language": null, "element": "subject", "qualifier": "yso", "schema": "dc"}, {"key": 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