Search results for "taloudelliset kriisit"
showing 10 items of 20 documents
Velka on totaalinen sosiaalinen fakta
2015
Maailmantaloudessa kriisistä on tullut uusi normaalitila. 1990-luvun lopun Aasian ja Etelä-Amerikan taantumien logiikka toistuu 2000-luvulla Yhdysvalloissa ja vanhalla mantereella. Nämä kaikki kriisit ovat kehkeytyneet finanssitalouden keskeisimmän elementin, velan, logiikan mukaan. Velka ei ole kuitenkaan yksinomaan taloudellinen ilmiö. Pikemminkin se on valtasuhde, joka selittää esimerkiksi julkista keskustelua sosiaaliturvasta ja jäsentää ihmisten ajallisuutta. nonPeerReviewed
Economic Degrowth and the Collapse of Institutional Order: Theory and Propositions
2022
Integrating insights from new institutional economics and studies on the collapse of past empires, we sketch a process model that links economic degrowth to the collapse of institutional orders. Our thought experiment starts from emphasizing the importance of institutions and enforcement mechanisms in maintaining a sufficient level of economic activity to sustain public costs. We flip this established logic and elucidate the negative role of economic degrowth in the weakening of the public sector’s ability to enforce institutional rules. Internal and external shocks further shake the stability of the institutional order and, at some point, individuals’ belief in institutional rules and nor…
Do commodity assets hedge uncertainties? What we learn from the recent turbulence period?
2022
AbstractThis study analyses the impact of different uncertainties on commodity markets to assess commodity markets' hedging or safe-haven properties. Using time-varying dynamic conditional correlation and wavelet-based Quantile-on-Quantile regression models, our findings show that, both before and during the COVID-19 crisis, soybeans and clean energy stocks offer strong safe-haven opportunities against cryptocurrency price uncertainty and geopolitical risks (GPR). Soybean markets weakly hedge cryptocurrency policy uncertainty, US economic policy uncertainty, and crude oil volatility. In addition, GSCI commodity and crude oil also offer a weak safe-haven property against cryptocurrency uncer…
Emerging Market Contagion Under Geopolitical Uncertainty
2019
We find that 10 emerging stock markets have high risk of contagion on the regional level but lower spillover with respect to the global markets, implying a potential for diversification benefits between emerging and global markets. Regional market integration seems to have been caused by trade integration, which has a policy implication for trade agreements’ systemic risk effects. We find that the geopolitical risk has no impact on either the return, or volatility spillovers. However, the general stock market risk (VIX) is connected to individual market volatilities, while the oil market is largely receiving the spillovers from the other markets. peerReviewed
Longitudinal approach to publicly held and privately owned family businesses : a financial analysis
2013
The main aim of this thesis is to examine the consequences of the 2007 financial crisis for family and non-family businesses and identify and understand what makes businesses sustainable and profitable even during bad macro-economic conditions. This financial crisis was one of the most significant since the Wall Street Crash of 1929. I will analyze selected companies’ financial statements before, during, and after 2007 financial crisis. My goal is to outline the advantages and disadvantages of family and non-family companies, and moreover, to see which ownership structure weathered the financial crisis better. The analysis in this paper is based on two companies’ financial statements compar…
Tillväxt och demokrati : om ekonomins politiska långtidseffekter
2018
Euroopan talouskriisi, koettu hyvinvointi ja sosiaalinen pääoma
2015
Tutkimuksessa tarkastellaan ihmisten kokemassa hyvinvoinnissa tapahtuneita muutoksia Euroopan talouskriisin aikana. Lisäksi tarkastellaan hyvinvointiin yhteydessä olevia tekijöitä ja erityisesti sosiaalisen pääoman vaikutusta. Tavoitteena on myös arvioida tässä käytettävän mittarin yhteiskuntapoliittista relevanssia. Tutkimuksen aineistona toimivat edustavat kyselyaineistot kymmenestä Euroopan maasta vuosilta 2006, 2010 ja 2012. Aineisto on kahden vuoden välein tehtävä kysely ja sen avulla pyritään selvittämään eurooppalaisten asenteita ja arvostuksia. Keskeinen vertailu tapahtuu vuoden 2006 ja 2012 välillä. Analyysit toteutetaan lineaarisen regression, kaksisuuntaisen varianssianalyysin ja…
Social Justice and Financial Capitalism: Some Notions on Risks, Hierarchies, and Value
2018
The recurring financial crises and intensive financialisation force a reconsideration of theories of justice. This article analyses financial capitalism as an ideal-type. In ideal-typical financial capitalism, risks and positions of vulnerability take a pronounced role in the determination of social positions. Risks also come in a specific ontological form. Further, the analysis extends to the production of value in financial capitalism and its relation to a particular logic of determining social positions. The article discusses, how should theories of justice be updated to accommodate this particular ontology of risks. This requires also making a distinction between explicit and implicit p…
Changes in Young Europeans’ Values During the Global Financial Crisis
2019
We investigate the impact of the global financial crisis (GFC) on the personal values of youth and young adults (age 16–35 years) from 16 European countries. Using time series cross-sectional data from seven waves (2002–2014) of the European Social Survey, we examined (1) whether the GFC led to value shifts between cohorts of young people and (2) whether welfare state provision moderate the expected value shifts. Multilevel analyses showed that, following the GFC, the importance of security, tradition, benevolence, and, to a lesser extent, conformity values increased. In contrast, hedonism, self-direction, and stimulation values decreased. In line with our moderation hypothesis, power, and…