The impacts of leadership in the quality of municipal public services: case study of a portuguese municipal council

[EN]The present research work, based on some of the components of the Common Assessment Framework, sets to analyse the influence held by leadership in specific factors that constitute the organisational climate, and also the impact that these factors have on the quality of municipal public services. For the purposes of this study, we propose Likert’s exploitative autocratic and participative leadership styles to explain the genesis, structure and workflow. As far as the organisational climate is concerned, the variables used are motivation, satisfaction, empowerment, conflict and stress. The main conclusions that arose was that a participative leader confers higher relevance to the quality of service, through motivation, satisfaction, empowerment and human resources positive results, than an exploitative autocratic leader. Performed contributions are based on the empiric research hereby presented, and new research guidelines are proposed. The research methodology used was qualitative, based on the case study.

Systematic liquidity: commonality and inter-temporal variation in the Portuguese stock market

[EN] The aim of this paper is to study systematic liquidity at the Euronext Lisbon Stock Exchange. The motivation for this research is provided by the growing interest in financial literature about stock liquidity and the implications of commonality in liquidity for asset pricing since it could represent a source of non-diversifiable risk. Namely, it is analysed whether there exist common factors that drive the variation in individual stock liquidity and the causes of the inter-temporal variation of aggregate liquidity. Monthly data for the period between January 1988 and December 2011 is used to compute some of the most used proxies for liquidity: bid-ask spreads, turnover rate, trading volume, proportion of zero returns and the illiquidity ratio. Following Chordia et al. (2000) methodology, some evidence of commonality in liquidity is found in the Portuguese stock market when the proportion of zero returns is used as a measure of liquidity. In relation to the factors that drive the inter-temporal variation of the Portuguese stock market liquidity, the results obtained within a VAR framework suggest that changes in real economy activity, monetary policy (proxied by changes in monetary aggregate M1) and stock market returns play an important role as determinants of commonality in liquidity.

“Aditz bakarraren” teoria XIX. mendeko euskal gramatikagintzan

Joseba A. Lakarra & José Ignacio Hualde, arg., Studies in Basque and Historical Linguistics in memoriam of R. L. Trask - R. L. Trasken oroitzapenetan ikerketak Euskalaritzaz eta Hizkuntzalaritza Historikoaz

Un inédito de Orixe : el contenido espiritual de la España nacionalista (1938)

[ES] Estudio y edición de un texto desconocido de Orixe en el que, a partir de un episodio autobiográfico —la delación de la que fue objeto en mayo de 1938 y su consiguiente huida al otro lado de la frontera—, trata de mostrar la falsedad del catolicismo de los sublevados en 1936 y la superioridad moral de los nacionalistas vascos. Este nuevo ensayo de Orixe aporta algunas precisiones sobre su biografía pero, sobre todo, constituye un texto único en su bibliografía —próximo, sin embargo, a algunos pasajes de Quiton arrebarekin— en la medida en que recoge una reflexión extensa y sistemática sobre una cuestión entonces crucial para el nacionalismo vasco.

Petrarca y las primeras ediciones de Terencio

[ES] De entre las ediciones de Terencio publicadas en las primeras décadas de la imprenta, las de Vindelino de Espira son las que muestran una mayor voluntad filológica y, sin duda, las que ofrecen un texto más correcto. Estas ediciones dependen del texto terenciano reconstruido por Petrarca: concretamente, IGI 9408 desciende de una fase textual anterior a la que queda fijada en 1358 y responde además a algunos de los criterios propugnados por Petrarca en la Vita Terrentii; IGI 9409, por su parte, depende —parcialmente— del texto de 1358 y muestra indicios de haber sufrido la influencia de otro ejemplar de Petrarca. En fin, la presencia de la Vita Terrentii en la transmisión impresa de Terencio es una muestra más de la vigencia de la filología terencia de Petrarca durante aquellos años.

Judgmental-analytical procedures for adapting tests: Adaptation to Spanish of the Reasoning Tests Battery

Adapting a test between cultures or languages requires taking into account legal, linguistic, metric, and use-related considerations. Significantly more attention has been paid to the methodological aspects involved in the study of metric equivalence than to judgmental-analytical procedures prior to the empirical confirmation stage. However, considering the latter is crucial in the adaptation process. Along these lines, this paper seeks to describe and focus on the relevance of the previous stages, thereby offering a systematization process that comprises ten sections. This approach contributes to ensuring the construction of a test adapted and equivalent in as much as possible to the original. This process is exemplified by means of a Spanish language adaptation of a cognitive test originally designed in Portuguese for the Portuguese population, the Reasoning Test Battery. Copyright (C) 2013, Konrad Lorenz University Foundation. Published by Elsevier Espana, S.L.U.