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Article
Publication date: 21 November 2023

Mustafa Kevser, Mert Baran Tunçel, Samet Gürsoy and Feyyaz Zeren

This study aims to examine the effect of environmental, social and corporate governance (ESG) scores on stock markets for the period from February 2018 to December 2022 for G7…

Abstract

Purpose

This study aims to examine the effect of environmental, social and corporate governance (ESG) scores on stock markets for the period from February 2018 to December 2022 for G7 countries. Even though ESG is an established area of investigation, prior research has paid inadequate attention to the nexus of ESG scores and stock markets in G7 (Germany, USA, UK, Italy, France, Japan and Canada) countries.

Design/methodology/approach

This study covers G7 countries and uses a data set, which includes ESG scores and stock market returns from reporting channels including financial websites, and international indexes, between February 2018 and December 2022. Cross-section dependency and homogeneity tests were used with Konya (2006) panel causality test to investigate the relations of ESG scores and stock markets, and the research also conducted a separate analysis for each sub-dimension. Homogeneity/heterogeneity tests were also carried out in the research.

Findings

The findings suggest that causality from ESG scores to stock market (DAX) was determined only for Germany. Accordingly, it is understood that German companies have started to implement corporate social responsibility and ESG practices in their management strategies and reporting. These findings offer important implications for those who are considering investing in G7 countries, whether or not to consider ESG scores.

Originality/value

In this context, the research contributes to the existing literature on the relationships between ESG scores and stock markets, which are seen as a vital tool to meet the expectations of stakeholders.

Details

Journal of Global Responsibility, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 2041-2568

Keywords

Book part
Publication date: 20 April 2023

Samet Zenginoğlu

The European Union (EU) is one of the most notable examples of economic cooperation and integration in international politics. However, it is difficult to argue that a similar…

Abstract

The European Union (EU) is one of the most notable examples of economic cooperation and integration in international politics. However, it is difficult to argue that a similar stance prevails in politics and security. Although the EU made various advances and took institutional steps, particularly in the fields of defense and security during the Cold War, it acted on North Atlantic Treaty Organization's axis/with North Atlantic Treaty Organization throughout this period. During the post-Cold War period, the EU made concerted efforts to develop more independent defense and security policies. A similar determination, however, was not seen in terms of the reflections of these activities in practice. The diversity of the EU's issues, on the one hand, and the periodic divergence of interests between Atlanticist and Europeanist countries, on the other hand, posed barriers to acting on a single platform. At the same time, the United Kingdom's exit from the EU has resulted in the establishment of new defense and security balances. Nonetheless, the EU's efforts to develop an autonomous security policy persist. Among these initiatives is Permanent Structured Cooperation, which has recently been noted. Although debates on the effects of North Atlantic Treaty Organization's existence in the twenty-first century in their own context reflect a separate dimension, it does not appear plausible to foresee that the EU will have a wholly separate security perspective from North Atlantic Treaty Organization in the near future. Taking into account the relevant general framework, this study discusses the historical backdrop of the EU's security and defense strategy, new developments in the post-Cold War period, and projections for the future of transatlantic relations.

Article
Publication date: 13 March 2017

Lei Xue, Changyin Sun and Fang Yu

The paper aims to build the connections between game theory and the resource allocation problem with general uncertainty. It proposes modeling the distributed resource allocation…

Abstract

Purpose

The paper aims to build the connections between game theory and the resource allocation problem with general uncertainty. It proposes modeling the distributed resource allocation problem by Bayesian game. During this paper, three basic kinds of uncertainties are discussed. Therefore, the purpose of this paper is to build the connections between game theory and the resource allocation problem with general uncertainty.

Design/methodology/approach

In this paper, the Bayesian game is proposed for modeling the resource allocation problem with uncertainty. The basic game theoretical model contains three parts: agents, utility function, and decision-making process. Therefore, the probabilistic weighted Shapley value (WSV) is applied to design the utility function of the agents. For achieving the Bayesian Nash equilibrium point, the rational learning method is introduced for optimizing the decision-making process of the agents.

Findings

The paper provides empirical insights about how the game theoretical model deals with the resource allocation problem uncertainty. A probabilistic WSV function was proposed to design the utility function of agents. Moreover, the rational learning was used to optimize the decision-making process of agents for achieving Bayesian Nash equilibrium point. By comparing with the models with full information, the simulation results illustrated the effectiveness of the Bayesian game theoretical methods for the resource allocation problem under uncertainty.

Originality/value

This paper designs a Bayesian theoretical model for the resource allocation problem under uncertainty. The relationships between the Bayesian game and the resource allocation problem are discussed.

Details

International Journal of Intelligent Computing and Cybernetics, vol. 10 no. 1
Type: Research Article
ISSN: 1756-378X

Keywords

Article
Publication date: 1 December 2001

Jaroslav Mackerle

Gives a bibliographical review of the finite element meshing and remeshing from the theoretical as well as practical points of view. Topics such as adaptive techniques for meshing…

1898

Abstract

Gives a bibliographical review of the finite element meshing and remeshing from the theoretical as well as practical points of view. Topics such as adaptive techniques for meshing and remeshing, parallel processing in the finite element modelling, etc. are also included. The bibliography at the end of this paper contains 1,727 references to papers, conference proceedings and theses/dissertations dealing with presented subjects that were published between 1990 and 2001.

Details

Engineering Computations, vol. 18 no. 8
Type: Research Article
ISSN: 0264-4401

Keywords

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