title: The influence of maritime freight cost tail risk on publicly traded transport companies

authors: Akyildirim, Erdinc

abstract: This study examines the influence of maritime freight cost tail risk events on transportation-related stock market prices. Our findings reveal a significant asymmetry: extreme negative movements in these indices have a disproportionately large adverse impact on stock returns compared to extreme positive movements. As these indices serve as barometers of global economic health, sharp declines signal contractions in global demand, fuelling investor apprehension. These concerns outweigh the potential benefits of lower input costs for most firms. We also uncover substantial heterogeneity amongst stock responses. Notably, owing to their perceived higher risk, smaller firms and those with ESG controversies are more severely impacted by these negative tail-risk events. Further, we also find that strong ESG commitments are sometimes beneficial during negative tail risk events, but not always. We attribute the observed detrimental effects of strong ESG commitments to heightened investor concern about the additional operational costs and regulatory compliance required to meet these commitments during challenging market conditions. Our results suggest companies take proactive steps to address investor concerns about the cost of ESG commitments. By doing so, companies can ensure that their pursuit of sustainability and responsibility does not conflict with their financial objectives and market resilience.

text: The influence of maritime freight cost tail risk on publicly traded transport companies This study examines the influence of maritime freight cost tail risk events on transportation-related stock market prices. Our findings reveal a significant asymmetry: extreme negative movements in these indices have a disproportionately large adverse impact on stock returns compared to extreme positive movements. As these indices serve as barometers of global economic health, sharp declines signal contractions in global demand, fuelling investor apprehension. These concerns outweigh the potential benefits of lower input costs for most firms. We also uncover substantial heterogeneity amongst stock responses. Notably, owing to their perceived higher risk, smaller firms and those with ESG controversies are more severely impacted by these negative tail-risk events. Further, we also find that strong ESG commitments are sometimes beneficial during negative tail risk events, but not always. We attribute the observed detrimental effects of strong ESG commitments to heightened investor concern about the additional operational costs and regulatory compliance required to meet these commitments during challenging market conditions. Our results suggest companies take proactive steps to address investor concerns about the cost of ESG commitments. By doing so, companies can ensure that their pursuit of sustainability and responsibility does not conflict with their financial objectives and market resilience.

year: 2025

title: Fake webs, real results: Artificial spiderwebs for eDNA collection

authors: McGaughran, Angela

subjects: artificial spiderwebs

abstract: Environmental DNA (eDNA)-based detection is a valuable biomonitoring tool that is well-developed for water, soil, and scat substrates. Emergent research is focusing on air as a new substrate, including opportunistically collected natural spiderwebs which may have negative impacts on local spider diversity. Here, we design novel artificial spiderwebs and compare their effectiveness with natural spiderwebs and aquatic eDNA approaches for biomonitoring of terrestrial taxa. A total of 33 eDNA samples (18 water, 6 natural spiderwebs, 9 artificial spiderwebs) were collected from a rural property in Palmerston North (Aotearoa New Zealand). Three amplicons (COI, 16S, and ITS) were sequenced for each sample to evaluate the performance of each collection method for detecting invertebrates, vertebrates, and plant/algal taxa. The 16S amplicon performed best in terms of sequencing output and consistency, as well as species accumulation curves, with the COI dataset performing worst for all eDNA collection methods. Alpha diversity varied by amplicon and collection method in both value and consistency among samples, with 16S and ITS retrieving higher diversity for water samples and both artificial and natural webs outperforming water in fungal COI diversity recovery. Ordination plots showed clear differences in sample similarity across biomes, with all three amplicons showing differentiation between water and either web type. However, specialist species were recovered by each of the two web types, with artificial webs consistently recovering more unique diversity than natural webs. Our results suggest that artificial spiderwebs could be a promising new method in the eDNA biomonitoring toolbox, providing biodiversity data that complements water-based collections and, depending on the research question, may serve as a sufficient proxy for natural spiderweb studies.

text: Fake webs, real results: Artificial spiderwebs for eDNA collection Environmental DNA (eDNA)-based detection is a valuable biomonitoring tool that is well-developed for water, soil, and scat substrates. Emergent research is focusing on air as a new substrate, including opportunistically collected natural spiderwebs which may have negative impacts on local spider diversity. Here, we design novel artificial spiderwebs and compare their effectiveness with natural spiderwebs and aquatic eDNA approaches for biomonitoring of terrestrial taxa. A total of 33 eDNA samples (18 water, 6 natural spiderwebs, 9 artificial spiderwebs) were collected from a rural property in Palmerston North (Aotearoa New Zealand). Three amplicons (COI, 16S, and ITS) were sequenced for each sample to evaluate the performance of each collection method for detecting invertebrates, vertebrates, and plant/algal taxa. The 16S amplicon performed best in terms of sequencing output and consistency, as well as species accumulation curves, with the COI dataset performing worst for all eDNA collection methods. Alpha diversity varied by amplicon and collection method in both value and consistency among samples, with 16S and ITS retrieving higher diversity for water samples and both artificial and natural webs outperforming water in fungal COI diversity recovery. Ordination plots showed clear differences in sample similarity across biomes, with all three amplicons showing differentiation between water and either web type. However, specialist species were recovered by each of the two web types, with artificial webs consistently recovering more unique diversity than natural webs. Our results suggest that artificial spiderwebs could be a promising new method in the eDNA biomonitoring toolbox, providing biodiversity data that complements water-based collections and, depending on the research question, may serve as a sufficient proxy for natural spiderweb studies.

year: 2025-11

title: Maori Flourishing in a Fast Changing World - Inaugural Professorial Address

authors: Nikora, Linda Waimarie

subjects: Indigenous psychology; Maori flourishing; social identity; social and emotional wellbeing

abstract: A strong sense of who one is and that one’s life matters is vital to health and wellbeing. Without meaning and belonging many people, families and communities lie open to the risk of mental illness, addiction, transience, criminality, suicide and so on. In a rapidly changing social and technological environment where being Maori is enacted in the face of a dominant Pakeha majority, and in an increasingly diverse Maori world, staying well is an important challenge that we cannot underestimate or take for granted. There are many unwellness forces upon Maori in this fast changing world. Some are obvious and readily felt, others not so easy to apprehend or explain. Surveying almost 30 years of research, Professor Nikora will examine some of these unwellness forces and responses Maori make within the broader quest to remain indigenous and to flourish.

text: Maori Flourishing in a Fast Changing World - Inaugural Professorial Address A strong sense of who one is and that one’s life matters is vital to health and wellbeing. Without meaning and belonging many people, families and communities lie open to the risk of mental illness, addiction, transience, criminality, suicide and so on. In a rapidly changing social and technological environment where being Maori is enacted in the face of a dominant Pakeha majority, and in an increasingly diverse Maori world, staying well is an important challenge that we cannot underestimate or take for granted. There are many unwellness forces upon Maori in this fast changing world. Some are obvious and readily felt, others not so easy to apprehend or explain. Surveying almost 30 years of research, Professor Nikora will examine some of these unwellness forces and responses Maori make within the broader quest to remain indigenous and to flourish.

year: 2015-11-17