Search results for "futures"
showing 10 items of 101 documents
An overview of the service industries' future (priorities: linking past and future)
2011
The innovative future of service industries in detail from any viewpoint or theoretical perspective forms the central subject matter for this special issue. One of the sectors considered to be relevant for favouring the growth of the international economy is the services sector. The relative ease with which services can be implanted in certain activities with notably less capital than that required for most industries, as well as the direct and indirect effects it generates on the job market, are factors that have brought about belief and reliance on this sector to provide a means of growth and a way of recovering from any international economic crisis, and in the future may prove to play a…
Carbon and safe-haven flows
2022
<abstract> <p>This paper explores the role of European Union Allowances (EUAs) as a safe haven for a range of assets and analyses the effect of safe-haven flows on the European carbon futures market. In particular, we demonstrate that EUAs can be considered a refuge against fluctuations in corporate bonds, gold and volatility-related assets in periods of market turmoil. Furthermore, we have shown that extremely bearish and bullish movements in those assets for which the EUA acts as a safe haven induce excess volatility in carbon markets, higher carbon trading volume and larger than normal EUA bid-ask spreads. These findings support the idea that some traders, by considering carb…
Towards sustainable mobility : Transformative scenarios for 2034
2022
Highlights • Increasing the share of walking and cycling is one of the building blocks of sustainable mobility transformation. • We organised an online Delphi survey for 30 walking and cycling experts during the first wave of COVID-19 pandemic. • Disaggregative Delphi analysis is elaborated based on the systemic restructuring of qualitative data. • Transport experts’ views of the future are described in the form of five walking and cycling scenarios up to 2034. • The results can be used for strategic transport planning and policy, and for identifying instruments for walking and cycling promotion in urban areas. Increasing the share of walking and cycling is one of the building blocks of sus…
Pioneers as Peers : How Entrepreneurial Journalists Imagine the Futures of Journalism
2021
The article investigates the futures of journalism that pioneering entrepreneurial journalists anticipate. This comprises the different imaginaries that journalists employ to make sense of journalism’s present potentials, anticipate its possible futures, and inform their decision-making. By analysing semi-structured interviews with Finnish entrepreneurial journalists, the article identifies a peer-to-peer imaginary on which the interviewees draw and construct to anticipate the potential futures of journalism. In this peer-to-peer imaginary, journalism is produced in journalists’ and audiences’ peer networks of affinity and shared interests. The imaginary promises elevated audience engagemen…
Exploring 2040 : Global Trends and International Policies Setting Frames for the Finnish Wood-Based Economy
2022
Global trends influence the approaches and mindset for using natural resources and technological capacities. Participatory scenario methods have proven useful in long-term foresight. However, country-level foresight studies often ignore the broader trends affecting international markets and setting frames for economic development. This study envisions which global trends could occur and how the resulting European policies might affect the Finnish forest sector’s development in 2040. We applied a Futures Wheel approach, where stakeholder groups consisting of policy-, economic- and social sustainability-, technology-, and climate sustainability -experts in the field of forestry and interlinki…
Pricing of electricity futures based on locational price differences : empirical evidence from Finland
2016
Tietyn maantieteellisen alueen kilpailullisilla sähkömarkkinoilla on yleensä viitespot-hinta, joka kuvastaa yleistä hintatasoa tukkumarkkinalla, ja jota käytetään johdannaisten viitehintana. Paikallisten markkinoiden hinnat saattavat kuitenkin poiketa tästä viitehinnasta siirtoyhteyksien rajallisuuden takia. Pohjoismaisilla sähkömarkkinoilla ns. systeemi- ja tarjousalueen aluehinnan väliseltä basis-riskiltä suojaudutaan ns. aluehintaero-johdannaisilla (eng. Electricity Price Area Differential, EPAD). Tutkin tässä pro gradu- työssä Suomen tarjousalueen EPAD-tuotteiden ja vastaavan aluehintaeron yhteyttä. Koska sähkö ei ole varastoitavissa, yleisen näkemyksen mukaan sopiva sähköfutuurien hinn…
Antenarratives in Ongoing Strategic Change : Using the Story Index to Capture Daunting and Optimistic Futures
2018
Strategic organizational change is a complex, future-oriented phenomenon that is critical for any organization. Traditional means of inquiry have struggled with the difficulty of capturing the future; thus, the methods for managing things to come remain scarce. In this chapter, we contribute to managing strategic change, and thereby the future of the organization, by developing the Story Index (SIX) method. The method facilitates a better understanding of how organizational change takes shape in the discursive reality before materializing in concrete terms. SIX is an analytical process combining antenarratives and narrative rationality to reveal the emerging meanings and rationales of chang…
Cultural Interpretations of Global Information? Hindsight Bias after Reading Wikipedia Articles across Cultures
2017
Summary: Hindsight bias is the mistaken belief that an outcome could have been foreseen once it is known. But what happens after learning about an event? Can reading biased media amplify hindsight distortions? And do people from different cultural backgrounds — with different cognitive thinking styles — draw equal conclusions from equal media reports? We report two studies with Wikipedia articles and samples from different cultures (Study 1: Germany, Singapore, USA, Vietnam, Japan, Sweden, N = 446; Study 2: USA, Vietnam, N = 144). Participants read one of two article versions (foresight and hindsight) about the Fukushima Nuclear Plant and estimated the likelihood, inevitability, and foresee…
Theory of storage implications in the European natural gas market
2023
The theory of storage stands that futures prices should be equal to the spot price plus the interest forgone in storing the commodity and the warehousing costs minus the convenience yield on the inventory. In this paper, we test several implications of the theory of storage on the pricing of United Kingdom natural gas futures. We obtain partial evidence for the theory of storage as a complete explanation of the pricing of this futures contract. Explicitly, (i) we obtain evidence to explain convenience yield seasonality with spot price volatility, unexpected demand shocks when supply is tight, inventory variations, and trading activity in the futures markets; (ii) we obtain indirect evidence…
Proteins in Ionic Liquids: Reactions, Applications, and Futures
2019
Biopolymer processing and handling is greatly facilitated by the use of ionic liquids, given the increased solubility, and in some cases, structural stability imparted to these molecules. Focussing on proteins, we highlight here not just the key drivers behind protein-ionic liquid interactions that facilitate these functionalities, but address relevant current and potential applications of protein-ionic liquid interactions, including areas of future interest.