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Contemporary developments in sustainability governance have enhanced environmental policy and induced comprehensive institutional reforms in several countries. Theoretically, this has also induces a debate on the role of the state for reflexive and ecological sustainability governance. Informed by Eckersley's political theory of the green state, this thesis offer an analysis of the prospects
This paper is focused on two phenomenons that is called excess comovement and financial contagion. The excess comovement is defined as the comovement, or correlation, between normally uncorrelated assets, that can not be explained by economic fundamentals and financial contagion is the occurrence of excess comovement. Excess comovement has been observed on several stock markets by economic researc
The leverage effect is one of two main hypotheses explaining the negative relationship between volatility of returns and return on equity. It states that a decrease in leverage, due for example to rising stock prices, increases the amount of equity which carries the firm volatility and thus decreases the volatility on rates of return. Using 51 companies that have been actively traded on the Stockh
