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In this paper we compute long-term stock return expectations (across the business cycle) for individual firms using information backed out from the credit derivatives market. Our methodology builds on previous theoretical results in the literature on stock return expectations and, empirically, we demonstrate a close relationship between credit-implied stock return expectations and future realized
Any new technology and any form of contact between cultures will necessarily lead to change. ICTs are in this sense far from unique. However, ICTs have rapidly come to occupy a prominent position our societies, and are shaping the lives of young people in ways that we could not have imagined only a decade ago. These technologies allow almost immediate access to a wealth of knowledge and knowhow, a
Recension av Martin W. Winkler, Arminius the Liberator. Myth and Ideology
Artikeln redogör för en intervjustudie som gjordes med 15 internationella studenter på ett mastersprogram med inriktning mot hållbar utveckling, där undervisningen ägt rum på engelska. Studenterna frågades i individuella intervjuer på engelska hur de ansåg att stora översvämningar kunde förebyggas. En intentional-expressiv dialogstruktur anpassades till att innefatta frågor om hur nyckeluttryck i
Based on the multi-currency LIBOR Market Model, this paper constructs a hybrid commodity interest rate market model with a stochastic local volatility function allowing the model to simultaneously fit the implied volatility surfaces of commodity and interest rate options. Since liquid market prices are only available for options on commodity futures, rather than forwards, a convexity correction fo
We analyze the impacts of changing dry season length and intensity on vegetation productivity and biomass. Our results show a wetness asymmetry in dry ecosystems, with dry seasons becoming drier and wet seasons becoming wetter, likely caused by climate change. The increasingly intense dry seasons were consistently correlated with a decreasing trend in net primary productivity (NPP) and biomass fro
Recent evidence shows that warm semi-arid ecosystems are playing a disproportionate role in the interannual variability and greening trend of the global carbon cycle given their mean lower productivity when compared with other biomes (Ahlström et al. 2015 Science, 348, 895). Using multiple observations (land-atmosphere fluxes, biomass, streamflow and remotely sensed vegetation cover) and two state
The present study was undertaken in the frame of the research programme Language Use and Individual Learning at the Department of Education at Lund University, using the intentional-expressive dialogue format developed within this programme. The dialogue format was adjusted to study language use and understanding in a multilingual and interdisciplinary higher education context, by including questi
short story by May Telmissani
PurposeThe paper aims to provide a conceptual map of how to mediate between sustainability theory and practice in higher education and how disciplinary divides can be bridged. It further looks at issues linked to knowledge views and drivers for institutional change that affect opportunities for whole institution development promoting action preparedness.Design/methodology/approachTaking its point
In Sweden, tutoring in the mother tongue is a special support measure primarily intended for newly arrived students to facilitate their transition into the Swedish school system. Tutoring is premised on the collaboration between the class teacher, responsible for subject-related expertise, and the tutor, who contributes with knowledge of the student’s mother tongue and previous context of studies.
Libraries are critical learning spaces and may play a significant role in intercultural education initiatives, particularly in Sweden where the national curriculum ascribes central functions to libraries for learning activities. Unfortunately, the ways in which teachers and librarians may collaborate to leverage mutual resources is not fully understood. This article uses Pirjo Lahdenperä’s model o
L’article discute des pratiques d’engagement et de développement de littératies menées par un réseau debibliothèques scolaires et publique intégrées, dans un quartier urbain multiethnique en Suède. La discussion traite enparticulier les modalités de collaboration avec l’école, les familles, les associations, les centres de loisirs et autres acteursdu quartier, ainsi que les stratégies mises en pla
Oxidation of HSO3- in aqueous solution has been studied in the presence of vanadium(V), chromium(III) and chromium(VI). Based on spectrophotometric kinetics data and product analysis it is concluded that the autoxidation rate of sulfur(IV) in slightly acidic solution is unaffected by the presence of vanadium(V) and chromium(III). Chromate(VI), on the other hand, oxidizes sulfur(IV) in a direct red
