| fullrecord |
[{"key": "dc.contributor.advisor", "value": "Raatikainen, Juhani", "language": "", "element": "contributor", "qualifier": "advisor", "schema": "dc"}, {"key": "dc.contributor.author", "value": "Rinne, Emilia", "language": "", "element": "contributor", "qualifier": "author", "schema": "dc"}, {"key": "dc.date.accessioned", "value": "2021-04-21T05:53:27Z", "language": null, "element": "date", "qualifier": "accessioned", "schema": "dc"}, {"key": "dc.date.available", "value": "2021-04-21T05:53:27Z", "language": null, "element": "date", "qualifier": "available", "schema": "dc"}, {"key": "dc.date.issued", "value": "2021", "language": "", "element": "date", "qualifier": "issued", "schema": "dc"}, {"key": "dc.identifier.uri", "value": "https://jyx.jyu.fi/handle/123456789/75143", "language": null, "element": "identifier", "qualifier": "uri", "schema": "dc"}, {"key": "dc.description.abstract", "value": "Vastuullinen sijoittaminen on ei-taloudellisten tekij\u00f6iden sis\u00e4llytt\u00e4mist\u00e4 sijoitusp\u00e4\u00e4t\u00f6ksentekoprosessiin. Vastuullinen sijoittaminen t\u00e4ydent\u00e4\u00e4 tavanomaista sijoitusportfolion optimointia ottamalla huomioon ymp\u00e4rist\u00f6\u00f6n, sosiaaliseen vastuuseen ja hyv\u00e4\u00e4n hallintotapaan liittyv\u00e4t tekij\u00e4t eli ESG-tekij\u00e4t (engl. environmental, social and governance criteria). ESG-rahastojen menestyst\u00e4 on tutkittu paljon erilaisin menetelmin ja tulokset ovat olleet ristiriitaisia. Empiirist\u00e4 evidenssi\u00e4 on l\u00f6ydetty sek\u00e4 puolesta ett\u00e4 vastaan. Kaikki tutkimukset eiv\u00e4t havainneet empiirist\u00e4 evidenssi\u00e4 vain puolesta tai vastaan. Osassa tutkimuksista vastuulliset rahastot tuottivat tavanomaisia rahasto-ja enemm\u00e4n markkinakriisien aikana, mutta muina ajanjaksoina tavanomaiset rahastot tuottivat vastuullisia rahastoja enemm\u00e4n.\n\nT\u00e4ss\u00e4 pro gradu -tutkielmassa esitell\u00e4\u00e4n useita aikaisempia tutkimuksia ja vertaillaan tutkimusten tuloksia. Tutkielman empiirisess\u00e4 osiossa tutkitaan ESG-rahastojen me-nestyst\u00e4 Yhdysvalloissa tarkasteluajanjaksolla kes\u00e4kuusta 2007 lokakuuhun 2020. Ai-neisto sis\u00e4lsi kaikki Morningstar-tietokannasta l\u00f6ytyv\u00e4t ESG-rahastot, jotka sijoittavat v\u00e4hint\u00e4\u00e4n 90 % salkustaan Yhdysvaltojen osakemarkkinoille ja joita myyd\u00e4\u00e4n Yhdysvalloissa. Tutkimusmenetelm\u00e4n\u00e4 k\u00e4ytet\u00e4\u00e4n Carhartin nelj\u00e4n faktorin mallia ja bootstrap-menetelm\u00e4\u00e4, joilla estimoidaan ESG-rahastojen menestyst\u00e4. Bootstrap-testill\u00e4 testataan lis\u00e4ksi sit\u00e4, onko menestyksen taustalla tuuri vai taito. \n\nTutkimustulokset osoittavat, ett\u00e4 koko tarkasteluajanjaksolla ja tavanomaisina ajanjaksoina l\u00e4hes kaikkien rahastojen menestys on ollut huonoa ja huonon menestyksen taustalla on ollut rahastonhoitajan taito. Kriisiajanjaksoina rahastot menestyiv\u00e4t paremmin kuin muina ajanjaksoina ja tuurilla havaittiin olevan huomattavasti suurempi rooli rahastojen menestyksess\u00e4 verrattuna muihin tarkasteluajanjaksoihin.", "language": "fi", "element": "description", "qualifier": "abstract", "schema": "dc"}, {"key": "dc.description.provenance", "value": "Submitted by Paivi Vuorio (paelvuor@jyu.fi) on 2021-04-21T05:53:27Z\nNo. of bitstreams: 0", "language": "en", "element": "description", "qualifier": "provenance", "schema": "dc"}, {"key": "dc.description.provenance", "value": "Made available in DSpace on 2021-04-21T05:53:27Z (GMT). No. of bitstreams: 0\n Previous issue date: 2021", "language": "en", "element": "description", "qualifier": "provenance", "schema": "dc"}, {"key": "dc.format.extent", "value": "64", "language": "", "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": "vastuullinen sijoittaminen", "language": "", "element": "subject", "qualifier": "other", "schema": "dc"}, {"key": "dc.subject.other", "value": "ESG-rahasto", "language": "", "element": "subject", "qualifier": "other", "schema": "dc"}, {"key": "dc.subject.other", "value": "bootstrap-testi", "language": "", "element": "subject", "qualifier": "other", "schema": "dc"}, {"key": "dc.title", "value": "ESG-rahastojen menestys Yhdysvaltojen osakemarkkinoilla", "language": "", "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-202104212442", "language": "", "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", "qualifier": "faculty", "schema": "dc"}, {"key": "dc.contributor.department", "value": "Taloustieteet", "language": "fi", "element": "contributor", "qualifier": "department", "schema": "dc"}, {"key": "dc.contributor.department", "value": "Business and Economics", "language": "en", "element": "contributor", "qualifier": "department", "schema": "dc"}, {"key": "dc.contributor.organization", "value": "Jyv\u00e4skyl\u00e4n yliopisto", "language": "fi", "element": "contributor", "qualifier": "organization", "schema": "dc"}, {"key": "dc.contributor.organization", "value": "University of Jyv\u00e4skyl\u00e4", "language": "en", "element": "contributor", "qualifier": "organization", "schema": "dc"}, {"key": "dc.subject.discipline", "value": "Taloustiede", "language": "fi", "element": "subject", "qualifier": "discipline", "schema": "dc"}, {"key": "dc.subject.discipline", "value": "Economics", "language": "en", "element": "subject", "qualifier": "discipline", "schema": "dc"}, {"key": "yvv.contractresearch.funding", "value": "0", "language": "", "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": null, "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": "", "element": "subject", "qualifier": "oppiainekoodi", "schema": "dc"}, {"key": "dc.subject.yso", "value": "rahastot", "language": null, "element": "subject", "qualifier": "yso", "schema": "dc"}, {"key": "dc.subject.yso", "value": "sijoitusrahastot", "language": null, "element": "subject", "qualifier": "yso", "schema": "dc"}, {"key": "dc.subject.yso", "value": "sijoitukset", "language": null, "element": "subject", "qualifier": "yso", "schema": "dc"}, {"key": "dc.subject.yso", "value": "sijoitustoiminta", "language": null, "element": "subject", "qualifier": "yso", "schema": "dc"}, {"key": "dc.subject.yso", "value": "menestyminen", "language": null, "element": "subject", "qualifier": "yso", "schema": "dc"}, {"key": "dc.subject.yso", "value": "sijoitus", "language": null, "element": "subject", "qualifier": "yso", "schema": "dc"}, {"key": "dc.format.content", "value": "fulltext", "language": null, "element": "format", "qualifier": "content", "schema": "dc"}, {"key": "dc.rights.url", "value": "https://rightsstatements.org/page/InC/1.0/", "language": null, "element": "rights", "qualifier": "url", "schema": "dc"}, {"key": "dc.type.okm", "value": "G2", "language": null, "element": "type", "qualifier": "okm", "schema": "dc"}]
|