254 resultados para Conservatism


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Index tracking is an investment approach where the primary objective is to keep portfolio return as close as possible to a target index without purchasing all index components. The main purpose is to minimize the tracking error between the returns of the selected portfolio and a benchmark. In this paper, quadratic as well as linear models are presented for minimizing the tracking error. The uncertainty is considered in the input data using a tractable robust framework that controls the level of conservatism while maintaining linearity. The linearity of the proposed robust optimization models allows a simple implementation of an ordinary optimization software package to find the optimal robust solution. The proposed model of this paper employs Morgan Stanley Capital International Index as the target index and the results are reported for six national indices including Japan, the USA, the UK, Germany, Switzerland and France. The performance of the proposed models is evaluated using several financial criteria e.g. information ratio, market ratio, Sharpe ratio and Treynor ratio. The preliminary results demonstrate that the proposed model lowers the amount of tracking error while raising values of portfolio performance measures.

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Tuure Junnila, PhD (1910-1999) was one of Finland's most renowned conservative politicians of the post-war period. Junnila is remembered primarily as a persistent opponent of Urho Kekkonen, a long-term Member of Parliament, a conspicuous opposition member and a prolific political writer. Junnila's ideologies and political views were conservative, and he is one of the most outstanding figures in the history of the National Coalition Party. Junnila also made an extensive career outside of politics, first as an economist and then as an executive of Finland's leading commercial bank Kansallis-Osake-Pankki. The Young Conservative is a partial biography written using traditional historical research methods, which examines Junnila's personal history and his activity in public life up to 1956. The study begins by investigating Junnila's background through his childhood, school years, university studies and early professional career. It also looks at Junnila's work as an economist and practical banker. Particular attention is paid to Junnila's political work, constantly focusing on the following five often overlapping areas: (1) economic policy, (2) domestic policy, (3) foreign and security policy, (4) Junnila and Urho Kekkonen, (5) Junnila, the Coalition Party and Finnish conservatism. In his economic policy, Junnila emphasised the importance of economic stability, opposed socialisation and the growth of public expenditure, defended the free market system and private entrepreneurship, and demanded tax cuts. This policy was very popular within the Coalition Party during the early 1950s, making Junnila the leading conservative economic politician of the time. In terms of domestic policy, Junnila demanded as early as the 1940s that a "third force" should be established in Finland to counterbalance the agrarian and labour parties by uniting conservative and liberal ideologies under the same roof. Foreign and security policy is the area of Junnila's political activity which is most clearly situated after the mid-1950s. However, Junnila's early speeches and writings already show a striving towards the unconditional neutrality modelled by Switzerland and Sweden and a strong emphasis on Finland's right to internal self-determination. Junnila, as did the Coalition Party as a whole, adopted a consistently critical approach towards Urho Kekkonen between 1951 and 1956, but this attitude was not as bluntly negative and all-round antagonistic as many previous studies have implied. Junnila was one of the leading Finnish conservatives of the early 1950s and in all essence his views were analogous to the general alignment of the Coalition Party at the time: conservative in ideology and general policy, and liberal in economic policy.

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This dissertation explores the role of the German minister to Helsinki, Wipert von Blücher (1883-1963), within the German-Finnish relations of the late 1930s and the Second World War. Blücher was a key figure – and certainly one of the constants – within German Finland policy and the complex international diplomacy surrounding Finland. Despite representing Hitler’s Germany, he was not a National Socialist in the narrower sense of the term, but a conservative civil servant in the Wilhelmine tradition of the German foreign service. Along with a significant number of career diplomats, Blücher attempted to restrict National Socialist influence on the exercise of German foreign policy, whilst successfully negotiating a modus vivendi with the new regime. The study of his political biography in the Third Reich hence provides a highly representative example of how the traditional élites of Germany were caught in an cycle of conformity and, albeit tacit, opposition. Above all, however, the biographical study of Blücher and his behaviour offers an hitherto unexplored approach to the history of the German-Finnish relations. His unusually long tenure in Helsinki covered the period leading up to the so-called Winter War, which left Blücher severely distraught by Berlin’s effectively pro-Soviet neutrality and brought him close to resigning his post. It further extended to the German-Finnish rapprochement of 1940/41 and the military cooperation of both countries from mid-1941 to 1944. Throughout, Blücher developed a diverse and ambitious set of policy schemes, largely rooted in the tradition of Wilhelmine foreign policy. In their moderation and commonsensical realism, his designs – indeed his entire conception of foreign policy – clashed with the foreign political and ideological premises of the National Socialist regime. In its theoretical grounding, the analysis of Blücher’s political schemes is built on the concept of alternative policy and indebted to A.J.P. Taylor’s definition of dissent in foreign policy. It furthermore rests upon the assumption, introduced by Wolfgang Michalka, that National Socialist foreign policy was dominated by a plurality of rival conceptions, players, and institutions competing for Hitler’s favour (‘Konzeptionen-Pluralismus’). Although primarily a study in the history of international relations, my research has substantially benefited from more recent developments within cultural history, particularly research on nobility and élites, and the renewed focus on autobiography and conceptions of the self. On an abstract level, the thesis touches upon some of the basic components of German politics, political culture, and foreign policy in the first half of the 20th century: national belonging and conflicting loyalties, self-perception and representation, élites and their management of power, the modern history of German conservatism, the nature and practice of diplomacy, and, finally, the intricate relationship between the ethics of the professional civil service and absolute moral principles. Against this backdrop, the examination of Blücher’s role both within Finnish politics and the foreign policy of the Third Reich highlights the biographical dimension of the German-Finnish relationships, while fathoming the determinants of individual human agency in the process.

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Road traffic accidents are a large problem everywhere in the world. However, regional differences in traffic safety between countries are considerable. For example, traffic safety records are much worse in Southern Europe and the Middle East than in Northern and Western Europe. Despite the large regional differences in traffic safety, factors contributing to different accident risk figures in different countries and regions have remained largely unstudied. The general aim of this study was to investigate regional differences in traffic safety between Southern European/Middle Eastern (i.e., Greece, Iran, Turkey) and Northern/Western European (i.e., Finland, Great Britain, The Netherlands) countries and to identify factors related to these differences. We conducted seven sub-studies in which I applied a traffic culture framework, including a multi-level approach, to traffic safety. We used aggregated level data (national statistics), surveys among drivers, and data on traffic accidents and fatalities in the analyses. In the first study, we investigated the influence of macro level factors (i.e., economic, societal, and cultural) on traffic safety across countries. The results showed that a high GNP per capita and conservatism correlated with a low number of traffic fatalities, whereas a high degree of uncertainty avoidance, neuroticism, and egalitarianism correlated with a high number of traffic fatalities. In the second, third, and fourth studies, we examined whether the conceptualisation of road user characteristics (i.e., driver behaviour and performance) varied across traffic cultures and how these factors determined overall safety, and the differences between countries in traffic safety. The results showed that the factorial agreement for driver behaviour (i.e., aggressive driving) and performance (i.e., safety skills) was unsatisfactory in Greece, Iran, and Turkey, where the lack of social tolerance and interpersonal aggressive violations seem to be important characteristics of driving. In addition, we found that driver behaviour (i.e., aggressive violations and errors) mediated the relationship between culture/country and accidents. Besides, drivers from "dangerous" Southern European countries and Iran scored higher on aggressive violations and errors than did drivers from "safe" Northern European countries. However, "speeding" appeared to be a "pan-cultural" problem in traffic. Similarly, aggressive driving seems largely depend on road users' interactions and drivers' interpretation (i.e., cognitive biases) of the behaviour of others in every country involved in the study. Moreover, in all countries, a risky general driving style was mostly related to being young and male. The results of the fifth and sixth studies showed that among young Turkish drivers, gender stereotypes (i.e., masculinity and femininity) greatly influence driver behaviour and performance. Feminine drivers were safety-oriented whereas masculine drivers were skill-oriented and risky drivers. Since everyday driving tasks involve not only erroneous (i.e., risky or dangerous driving) or correct performance (i.e., normal habitual driving), but also "positive" driver behaviours, we developed a reliable scale for measuring "positive" driver behaviours among Turkish drivers in the seventh study. Consequently, I revised Reason's model [Reason, J. T., 1990. Human error. Cambridge University Press: New York] of aberrant driver behaviour to represent a general driving style, including all possible intentional behaviours in traffic while evaluating the differences between countries in traffic safety. The results emphasise the importance of economic, societal and cultural factors, general driving style and skills, which are related to exposure, cognitive biases as well as age, sex, and gender, in differences between countries in traffic safety.

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Modern Christian theology has been at pain with the schism between the Bible and theology, and between biblical studies and systematic theology. Brevard Springs Childs is one of biblical scholars who attempt to dismiss this “iron curtain” separating the two disciplines. The present thesis aims at analyzing Childs’ concept of theological exegesis in the canonical context. In the present study I employ the method of systematic analysis. The thesis consists of seven chapters. Introduction is the first chapter. The second chapter attempts to find out the most important elements which exercise influence on Childs’ methodology of biblical theology by sketching his academic development during his career. The third chapter attempts to deal with the crucial question why and how the concept of the canon is so important for Childs’ methodology of biblical theology. In chapter four I analyze why and how Childs is dissatisfied with historical-critical scholarship and I point out the differences and similarities between his canonical approach and historical criticism. The fifth chapter attempts at discussing Childs’ central concepts of theological exegesis by investigating whether a Christocentric approach is an appropriate way of creating a unified biblical theology. In the sixth chapter I present a critical evaluation and methodological reflection of Childs’ theological exegesis in the canonical context. The final chapter sums up the key points of Childs’ methodology of biblical theology. The basic results of this thesis are as follows: First, the fundamental elements of Childs’ theological thinking are rooted in Reformed theological tradition and in modern theological neo-orthodoxy and in its most prominent theologian, Karl Barth. The American Biblical Theological Movement and the controversy between Protestant liberalism and conservatism in the modern American context cultivate his theological sensitivity and position. Second, Childs attempts to dismiss negative influences of the historical-critical method by establishing canon-based theological exegesis leading into confessional biblical theology. Childs employs terminology such as canonical intentionality, the wholeness of the canon, the canon as the most appropriate context for doing a biblical theology, and the continuity of the two Testaments, in order to put into effect his canonical program. Childs demonstrates forcefully the inadequacies of the historical-critical method in creating biblical theology in biblical hermeneutics, doctrinal theology, and pastoral practice. His canonical approach endeavors to establish and create post-critical Christian biblical theology, and works within the traditional framework of faith seeking understanding. Third, Childs’ biblical theology has a double task: descriptive and constructive, the former connects biblical theology with exegesis, the later with dogmatic theology. He attempts to use a comprehensive model, which combines a thematic investigation of the essential theological contents of the Bible with a systematic analysis of the contents of the Christian faith. Childs also attempts to unite Old Testament theology and New Testament theology into one unified biblical theology. Fourth, some problematic points of Childs’ thinking need to be mentioned. For instance, his emphasis on the final form of the text of the biblical canon is highly controversial, yet Childs firmly believes in it, he even regards it as the corner stone of his biblical theology. The relationship between the canon and the doctrine of biblical inspiration is weak. He does not clearly define whether Scripture is God’s word or whether it only “witnesses” to it. Childs’ concepts of “the word of God” and “divine revelation” remain unclear, and their ontological status is ambiguous. Childs’ theological exegesis in the canonical context is a new attempt in the modern history of Christian theology. It expresses his sincere effort to create a path for doing biblical theology. Certainly, it was just a modest beginning of a long process.

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This contribution deals with social and political aspects affecting cultural life in Jalisco (Mexico), during the last forty years. It is, especially, a critical view on the regional deterioration of experimental music, analysing ethnic, religion, gender and other social components in one of the culturally foremost states of Mexico.

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The subgenus Geckoella, the only ground-dwelling radiation within Cyrtodactylus, closely overlaps in distribution with brookii group Hemidactylus in peninsular India and Sri Lanka. Both groups have Oligocene origins, the latter with over thrice as many described species. The striking difference in species richness led us to believe that Geckoella diversity is underestimated, and we sampled for Geckoella across peninsular India. A multi-locus phylogeny reveals Geckoella diversity is hugely underestimated, with at least seven undescribed species, doubling previously known richness. Strikingly, the new species correspond to cryptic lineages within described Indian species (complexes); a number of these endemic lineages from the hills of peninsular India outside the Western Ghats, highlighting the undocumented diversity of the Indian dry zone. The Geckoella phylogeny demonstrates deep splits between the Indian species and Sri Lankan G. triedrus, and between Indian dry and wet zone clades, dating back to the late Oligocene. Geckoella and brookii group Hemidactylus show contrasting diversification patterns. Geckoella shows signals of niche conservatism and appears to have retained its ancestral forest habitat. The late Miocene burst in speciation in Geckoella may be linked to the expansion of rain forests during the mid-Miocene climatic optimum and subsequent fragmentation with increasing late Miocene aridification. (C) 2014 Elsevier Inc. All rights reserved.

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Reliable estimates for the maximum available uplift resistance from the backfill soil are essential to prevent upheaval buckling of buried pipelines. The current design code DNV RP F110 does not offer guidance on how to predict the uplift resistance when the cover:pipe diameter (H/D) ratio is less than 2. Hence the current industry practice is to discount the shear contribution from uplift resitance for design scenarios with H/D ratios less than 1. The necessity of this extra conservatism is assessed through a series of full-scale and centrifuge tests, 21 in total, at the Schofield Centre, University of Cambridge. Backfill types include saturated loose sand, saturated dense sand and dry gravel. Data revealed that the Vertical Slip Surface Model remains applicable for design scenarios in loose sand, dense sand and gravel with H/D ratios less than 1, and that there is no evidence that the contribution from shear should be ignored at these low H/D ratios. For uplift events in gravel, the shear component seems reliable if the cover is more than 1-2 times the average particle size (D50), and more research effort is currenty being carried out to verify this conclusion. Strain analysis from the Particle Image Velocimetry (PIV) technique proves that the Vertical Slip Surface Model is a good representation of the true uplift deformation mechanism in loose sand at H/D ratios between 0.5 and 3.5. At very low H/D ratios (H/D < 0.5), the deformation mechanism is more wedge-like, but the increased contribution from soil weight is likely to be compensated by the reduced shear contributions. Hence the design equation based on the Vertical Slip Surface Model still produces good estimates for the maximum available uplift resistance. The evolution of shear strain field from PIV analysis provides useful insight into how uplift resistance is mobilized as the uplift event progresses. Copyright 2010, Offshore Technology Conference.

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Nesta pesquisa procuramos avaliar a repercussão do Projeto e se os princípios da gestão democrática estão de fato sendo colocado em prática e identificar como os gestores que concluíram a especialização em Gestão Pública, através Programa de Capacitação a Distância para Gestores Escolares (PROGESTÃO), no Rio de Janeiro, estão fazendo uso de conceitos trabalhados em curso, tais como o processo de democratização e de socialização e a gestão democrática. Utilizando entrevistas estruturadas foram analisados os discursos produzidos pelos entrevistados: diretores, coordenador e tutor com o objetivo de avaliar a repercussão do Progestão e se os princípios da gestão democrática estão de fato sendo postos em prática. Abordamos a questão da gestão democrática no atual contexto educacional e os fundamentos conceituais e políticos para a formação de gestores escolares Progestão. Consideramos que os processos de formação de gestores precisam ser consolidados para que enfim a atitude democrática possa ser adotada no trabalho realizado no interior da escola. Acreditamos também que outros estudos que versem sobre os assuntos tratados nesta dissertação sejam realizados, pois existem os conflitos (nem sempre admitidos) entre o conservadorismo administrativo com cunho empresarial e a gestão democrática entre os gestores.

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This thesis studies decision making under uncertainty and how economic agents respond to information. The classic model of subjective expected utility and Bayesian updating is often at odds with empirical and experimental results; people exhibit systematic biases in information processing and often exhibit aversion to ambiguity. The aim of this work is to develop simple models that capture observed biases and study their economic implications.

In the first chapter I present an axiomatic model of cognitive dissonance, in which an agent's response to information explicitly depends upon past actions. I introduce novel behavioral axioms and derive a representation in which beliefs are directionally updated. The agent twists the information and overweights states in which his past actions provide a higher payoff. I then characterize two special cases of the representation. In the first case, the agent distorts the likelihood ratio of two states by a function of the utility values of the previous action in those states. In the second case, the agent's posterior beliefs are a convex combination of the Bayesian belief and the one which maximizes the conditional value of the previous action. Within the second case a unique parameter captures the agent's sensitivity to dissonance, and I characterize a way to compare sensitivity to dissonance between individuals. Lastly, I develop several simple applications and show that cognitive dissonance contributes to the equity premium and price volatility, asymmetric reaction to news, and belief polarization.

The second chapter characterizes a decision maker with sticky beliefs. That is, a decision maker who does not update enough in response to information, where enough means as a Bayesian decision maker would. This chapter provides axiomatic foundations for sticky beliefs by weakening the standard axioms of dynamic consistency and consequentialism. I derive a representation in which updated beliefs are a convex combination of the prior and the Bayesian posterior. A unique parameter captures the weight on the prior and is interpreted as the agent's measure of belief stickiness or conservatism bias. This parameter is endogenously identified from preferences and is easily elicited from experimental data.

The third chapter deals with updating in the face of ambiguity, using the framework of Gilboa and Schmeidler. There is no consensus on the correct way way to update a set of priors. Current methods either do not allow a decision maker to make an inference about her priors or require an extreme level of inference. In this chapter I propose and axiomatize a general model of updating a set of priors. A decision maker who updates her beliefs in accordance with the model can be thought of as one that chooses a threshold that is used to determine whether a prior is plausible, given some observation. She retains the plausible priors and applies Bayes' rule. This model includes generalized Bayesian updating and maximum likelihood updating as special cases.

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O aumento da complexidade das operações, assim como do tamanho das organizações, face ao fortalecimento da economia e do mercado acionário, tem motivado uma considerável expansão na importância das informações geradas pela Contabilidade. Porém, muito se discute sobre o verdadeiro valor da informação contábil para seus diversos usuários. Essa discussão, em muitos casos, está baseada na fidedignidade das demonstrações financeiras em relação à realidade econômica das empresas. Uma das grandes críticas feitas a Contabilidade é a de ser conservadora em relação aos critérios utilizados na apuração do resultado econômico. Como conseqüência, suas informações não refletiriam a realidade econômica das empresas. Some-se a isso o fato de que, ao longo dos anos, a Contabilidade vem incorporando novos critérios que a estariam tornando ainda mais conservadora. Este problema é de suma importância, pois levanta a questão da comparabilidade das demonstrações contábeis ao longo dos anos. Este trabalho, usando uma amostra de 106 empresas de capital aberto negociadas na BM&FBOVESPA, a partir da utilização dos modelos de Acumulação de Accruals, proposto por Givoly e Hayn (2000), e de Oportunidade Assimétrica nos Lucros, proposto por Basu (1997), para mensuração do conservadorismo, conclui pela aceitação da hipótese de que há um aumento do Conservadorismo reportado nas demonstrações financeiras ao longo do período analisado, compreendido entre 1995 e 2010.

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O presente estudo tem como objeto de análise a direção social da ação dos assistentes sociais inseridos no projeto Agência de Famílias, que é desenvolvido pelo Banco da Providência. Por meio de nosso estudo pretendemos verificar se as ações realizadas pelos assistentes sociais em tal projeto contribuem para a reprodução da dominação capitalista meramente, uma vez que auxiliam no processo de reprodução da força de trabalho, evidenciando a promoção/legitimação da conformidade, ou se buscam a garantia dos direitos dos usuários, captando a contradição e promovendo formas e estratégias profissionais que viabilizem a resistência a tal dominação. Além disso, pretendemos perceber se pela forma inconsistente da captação das contradições inerentes à realidade social e institucional, os profissionais têm ações caracterizadas pela ambiguidade. Para tanto, foi necessário perceber a direção social da ação desse profissional, ou seja, o significado dessa ação, sua direção ético-política; se ocorre e em que medida é possível ocorrer a materialização dos atuais princípios ético-políticos do Serviço Social brasileiro no cotidiano do trabalho profissional. Isto por que, considerando o conservadorismo que nos parece caracterizar a instituição, entendemos que pode haver distinção entre os objetivos institucionais e profissionais e, que também há uma significativa tensão entre o atual Projeto Ético-Político do Serviço Social brasileiro e o fazer profissional, devido às novas configurações da sociedade capitalista, mediadas pela ideologia neoliberal, que se reportam cada vez mais ao (neo)conservadorismo profissional. A pesquisa foi realizada por meio de entrevistas com os profissionais e, como dito, objetivou enfatizar a compreensão da direção social, do significado e das implicações do fazer profissional dos assistentes sociais inseridos no projeto Agência de Famílias. Os dados analisados também são fruto das observações de campo realizadas no espaço ocupacional dos assistentes sociais entrevistados e, também, dos documentos, fichas e relatórios institucionais. A análise é baseada nos objetivos propostos pelo estudo, tomando como referencial o materialismo histórico e dialético, elaborado por Marx.

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Por um longo período o modelo de assistência em odontologia adotado no país se voltava apenas para um grupo etário da população as crianças e ainda se caracterizava pelo não conservadorismo, com um alto número de extrações, já que não existia uma estrutura que possibilitasse o acesso a outros níveis de atenção. Fato este reverberado pela ausência de políticas específicas de saúde bucal na esfera federal, até que em 2004 surge a Política Nacional de Saúde Bucal - Programa Brasil Sorridente. As diretrizes da política propõem a ampliação do acesso a todas as faixas etárias e o atendimento integral em todos os níveis, incentivando estados e municípios a criarem os Centros de Especialidades Odontológicos (CEO), que funcionariam como unidades de referência de média complexidade para as equipes de saúde bucal, oferecendo procedimentos mais complexos e conclusivos complementares aos realizados na atenção básica. O presente estudo analisa essa política de incentivo financeiro federal procurando identificar os elementos que possam ter contribuído ou dificultado a implantação dos CEO nos municípios do Estado do Rio de Janeiro no período de outubro de 2004 até dezembro de 2008. A análise foi baseada em documentos oficiais e entrevistas com atores relevantes para a compreensão das disputas deste processo.

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Esse trabalho teve origem numa monografia de conclusão de curso de graduação em psicologia, e parte da constatação de que atualmente, nos grandes centros urbanos, o grupo de mulheres financeiramente independentes sem um companheiro é cada vez mais numeroso, tornando-se muito presente no nosso cotidiano e na mídia. A pesquisa teve como objetivo descrever, analisar e discutir a representação social da mulher solteira construída por 210 mulheres, com idades entre 20 e 49 anos, habitantes da cidade do Rio de Janeiro. A coleta de dados foi realizada pela aplicação individual de um questionário às participantes da pesquisa. O questionário consistiu na solicitação de tarefas de evocação, em seu contexto normal e de substituição, além de perguntas fechadas e abertas, e da obtenção de dados de caracterização sociodemográfica. Os dados coletados por meio da evocação livre foram processados com auxílio do softwareEvoc e analisados de acordo com a abordagem estrutural das representações sociais, segundo a qual os conteúdos cognitivos de uma representação se organizam em dois sistemas internos: um sistema central, também chamado de núcleo central, e um sistema periférico. A análise do questionário envolveu tratamentos estatísticos descritivos das respostas às perguntas fechadas e abertas, tendo sido estas últimas submetidas a um processo prévio de categorização temática. A representação da mulher com 30 anos ou mais, solteira e sem filhos, construída pelas mulheres em geral, é fortemente marcada por elementos contraditórios, mas sem deixar de caracterizar a mulher contemporânea. O conteúdo representacional evidencia uma dimensão imagética muito influenciada pela mídia, e expressa o sentimento de autonomia, refletindo o atual momento da mulher. Esse perfil de mulher, apesar de corresponder a uma mulher que rompe com o seu papel tradicional na sociedade e que tem um poder de escolha, ainda incorpora a imagem de encalhada, o que pode indicar a persistência de um grande conservadorismo por parte das próprias mulheres.