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[{"key": "dc.contributor.advisor", "value": "Raatikainen, Juhani", "language": "", "element": "contributor", "qualifier": "advisor", "schema": "dc"}, {"key": "dc.contributor.author", "value": "Tuomi, Valtteri", "language": "", "element": "contributor", "qualifier": "author", "schema": "dc"}, {"key": "dc.date.accessioned", "value": "2023-05-22T10:27:27Z", "language": null, "element": "date", "qualifier": "accessioned", "schema": "dc"}, {"key": "dc.date.available", "value": "2023-05-22T10:27:27Z", "language": null, "element": "date", "qualifier": "available", "schema": "dc"}, {"key": "dc.date.issued", "value": "2023", "language": "", "element": "date", "qualifier": "issued", "schema": "dc"}, {"key": "dc.identifier.uri", "value": "https://jyx.jyu.fi/handle/123456789/87057", "language": null, "element": "identifier", "qualifier": "uri", "schema": "dc"}, {"key": "dc.description.abstract", "value": "ESG-sijoittaminen on yksi vastuullisen sijoittamisen muoto, jossa painotetaan yritysten ESG-tekij\u00f6it\u00e4 (ymp\u00e4rist\u00f6vastuu, yhteiskunnallinen vastuu ja hyv\u00e4 hallintotapa) sijoitusp\u00e4\u00e4t\u00f6ksiss\u00e4. T\u00e4ss\u00e4 tutkielmassa selvitet\u00e4\u00e4n kirjallisuuskatsauksen ja empiirisen osion avulla ESG-pisteiden ja tarkemmin ottaen ymp\u00e4rist\u00f6vastuupisteiden vaikutusta osakkeiden tuottoon ja riskiin. Aikaisemmassa kirjallisuudessa tulokset ovat olleet varsinkin tuottojen osalta ristiriitaisia. ESG-pisteiden vaikutusta riskiin tutkittaessa aikaisemmat tutkimukset ovat usein l\u00f6yt\u00e4neet riski\u00e4 pienent\u00e4v\u00e4n vaikutuksen. Tutkimuksen empiirisess\u00e4 osiossa k\u00e4ytetty aineisto koostuu S&P 500 Energy -indeksin osakkeiden logaritmisista kuukausituotoista, Refinitivin ymp\u00e4rist\u00f6vastuupisteit\u00e4 (E) ja WTI-raaka\u00f6ljyn hinnasta ja Yhdysvaltojen yhden kuukauden velkakirjan korosta. Tutkimuksen tarkasteluperiodi on 31.12.2002-31.12.2021. Tutkimusmenetelm\u00e4n\u00e4 k\u00e4ytet\u00e4\u00e4n regressioanalyysej\u00e4, joiden avulla voidaan selvitt\u00e4\u00e4 ymp\u00e4rist\u00f6vastuupisteiden vaikutus osaketuottoihin ja riskeihin. Riskin mittarina k\u00e4ytet\u00e4\u00e4n Value-at-\nRisk -lukua, joka kuvaa suurinta mahdollista tappiota kuukauden aikana 99%:n todenn\u00e4k\u00f6isyydell\u00e4.\nTutkimuksen tulosten mukaan ymp\u00e4rist\u00f6vastuupisteill\u00e4 vaikuttaisi olevan negatiivinen vaikutus osaketuottoihin tarkasteluajanjakson aikana. Vastaavasti tarkasteltaessa ymp\u00e4rist\u00f6vastuupisteiden vaikutusta riskiin 11/23 osakkeen kohdalla havaitaan tilastollisesti merkitsev\u00e4 riski\u00e4 suurentava vaikutus, mutta kolmen osakkeen kohdalla my\u00f6s riski\u00e4 pienent\u00e4v\u00e4 vaikutus. Niinp\u00e4 voidaan todeta ymp\u00e4rist\u00f6vastuupisteiden usein lis\u00e4\u00e4v\u00e4n osakkeen h\u00e4nt\u00e4riski\u00e4, mutta on mahdollista, ett\u00e4 joidenkin yritysten kohdalla se my\u00f6s pienent\u00e4\u00e4 h\u00e4nt\u00e4riski\u00e4.", "language": "fi", "element": "description", "qualifier": "abstract", "schema": "dc"}, {"key": "dc.description.provenance", "value": "Submitted by Paivi Vuorio (paelvuor@jyu.fi) on 2023-05-22T10:27:27Z\nNo. of bitstreams: 0", "language": "en", "element": "description", "qualifier": "provenance", "schema": "dc"}, {"key": "dc.description.provenance", "value": "Made available in DSpace on 2023-05-22T10:27:27Z (GMT). No. of bitstreams: 0\n Previous issue date: 2023", "language": "en", "element": "description", "qualifier": "provenance", "schema": "dc"}, {"key": "dc.format.extent", "value": "56", "language": "", "element": "format", "qualifier": "extent", "schema": "dc"}, {"key": "dc.language.iso", "value": "fin", "language": null, "element": "language", "qualifier": "iso", "schema": "dc"}, {"key": "dc.rights", "value": "In Copyright", "language": null, "element": "rights", "qualifier": null, "schema": "dc"}, {"key": "dc.subject.other", "value": "ESG", "language": "", "element": "subject", "qualifier": "other", "schema": "dc"}, {"key": "dc.subject.other", "value": "osaketuotot", "language": "", "element": "subject", "qualifier": "other", "schema": "dc"}, {"key": "dc.subject.other", "value": "Value-at-Risk", "language": "", "element": "subject", "qualifier": "other", "schema": "dc"}, {"key": "dc.title", "value": "Ymp\u00e4rist\u00f6vastuullisuuden vaikutus osakkeiden tuottoon ja riskiin Yhdysvaltojen energiasektorilla", "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-202305223130", "language": "", "element": "identifier", "qualifier": "urn", "schema": "dc"}, {"key": "dc.type.ontasot", "value": "Master\u2019s thesis", "language": "en", "element": "type", "qualifier": "ontasot", "schema": "dc"}, {"key": "dc.type.ontasot", "value": "Pro gradu -tutkielma", "language": "fi", "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.copyright", "value": "\u00a9 The Author(s)", "language": null, "element": "rights", "qualifier": "copyright", "schema": "dc"}, {"key": "dc.rights.accesslevel", "value": "restrictedAccess", "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": "ymp\u00e4rist\u00f6vastuu", "language": null, "element": "subject", "qualifier": "yso", "schema": "dc"}, {"key": "dc.subject.yso", "value": "osakkeet", "language": null, "element": "subject", "qualifier": "yso", "schema": "dc"}, {"key": "dc.subject.yso", "value": "tuotto", "language": null, "element": "subject", "qualifier": "yso", "schema": "dc"}, {"key": "dc.subject.yso", "value": "riskit", "language": null, "element": "subject", "qualifier": "yso", "schema": "dc"}, {"key": "dc.subject.yso", "value": "vastuullisuus", "language": null, "element": "subject", "qualifier": "yso", "schema": "dc"}, {"key": "dc.subject.yso", "value": "riskienhallinta", "language": null, "element": "subject", "qualifier": "yso", "schema": "dc"}, {"key": "dc.rights.url", "value": "https://rightsstatements.org/page/InC/1.0/", "language": null, "element": "rights", "qualifier": "url", "schema": "dc"}, {"key": "dc.rights.accessrights", "value": "The author has not given permission to make the work publicly available electronically. Therefore the material can be read only at the archival workstation at Jyv\u00e4skyl\u00e4 University Library (https://kirjasto.jyu.fi/collections/archival-workstation).", "language": "en", "element": "rights", "qualifier": "accessrights", "schema": "dc"}, {"key": "dc.rights.accessrights", "value": "Tekij\u00e4 ei ole antanut lupaa avoimeen julkaisuun, joten aineisto on luettavissa vain Jyv\u00e4skyl\u00e4n yliopiston kirjaston arkistoty\u00f6semalta. Ks. https://kirjasto.jyu.fi/kokoelmat/arkistotyoasema..", "language": "fi", "element": "rights", "qualifier": "accessrights", "schema": "dc"}]
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