Changes in the influence of board characterisitcs on corporate results due to the recent global financial crisis

The main purpose of this study is to analyse the changes caused by the global financial crisis on the influence of board characteristics on corporate results, in terms of corporate performance, corporate risk-taking, and earnings management. Sample comprises S&P 500 listed firms during 2002-2008. This study reveals that the environmental conditions call for different behaviour from directors to fulfil their responsibilities and suggests changes in normative and voluntary guidelines for improving good practices in the boardroom.

Evaluation of the influence of the ADH3 ILE349VAL polymorphism in the frequency of genotoxicity biomarkers in workers exposed to formaldehyde and tobacco smoking

Formaldehyde (FA) is a colourless gas widely used in the industry and hospitals as an aqueous solution, formalin. It is extremely reactive and induces various genotoxic effects in proliferating cultured mammalian cells. Tobacco smoke has been epidemiologically associated to a higher risk of development of cancer, especially in the oral cavity, larynx and lungs, as these are places of direct contact with many carcinogenic tobacco’s compounds. Genetic polymorphisms in enzymes involved in the metabolism are very important and can make changes in the individual susceptibility to disease. Alcohol dehydrogenase class 3 (ADH3), also known as formaldehyde dehydrogenase dependent of glutathione, is the major enzyme involved in the formaldehyde oxidation, especially in the buccal mucosa. The polymorphism in study is a substitution of an isoleucine for a valine in codon 349. The cytokinesis-blocked micronucleus assay (CBMN) in human lymphocytes is one of the most commonly used methods for measuring DNA damage, namely the detection of micronucleus, nucleoplasmic bridges, and nuclear buds, classified as genotoxicity biomarkers.

The 1531 Lisbon Earthquake: A Tsunami In the Tagus Estuary?

On 26 January 1531, a strong-magnitude earthquake heavily impacted Lisbon downtown. Immediately after the earthquake, the eyewitnesses reported large waves in the Tagus estuary, mainly north of the city and along the northern bank of the river. Descriptions include large impacts on ships anchored in the estuary and even morphological changes in the riverbed. We present a synthesis of the available information concerning both the earthquake and the water disturbance as a basis for the discussion of the probable tectonic source and the magnitude of the associated river oscillations. We hypothesize that the initial disturbance of the water can be attributed to the coseismic deformation of the estuary riverbed, and we use a nonlinear shallow water model to simulate the tsunami propagation and inundation. We show that the Vila Franca de Xira fault is the most probable source of the 1531 event. The largest inundation effects of the model correlate well with the historical descriptions: the impact is relevant in the inner Tagus estuary, but inundation in downtown Lisbon is small.