CTT, the mail going public

The main purpose of this case-study is to analyse CTT’s privatisation process, a previously Government-owned firm, which went public in 2013, under the terms of the adjustment program agreed between Portugal, the European institutions (ECB and European Commission) and the IMF. The emphasis will be placed on the IPO process, but also on the company itself (its history, current situation and prospects for its new phase, as a publicly listed company). This piece of work aims to evaluate the different alternatives for the privatisation of the company along with the respective implications, as well as the outcome of the actual decision taken by the Portuguese Government. One key aspect of the case is also to understand the importance that the privatisation of the Royal Mail, which can be seen as a peer of the Portuguese company, in the unfolding of the process and in the choice of the privatisation model. The case intends to show how the British process influenced the subsequent option of the Portuguese entities to sell CTT through an IPO, instead of a trade sale. All in all, the overall objective of this case-study is to analyse CTT’s successful sale process, which created the first Portuguese company with 100% free-float. 3 On the last days of November 2013, Steven Bernstein was staring at the window of his office overlooking downtown Manhattan, not even noticing the intense rain that was pouring down. As senior manager at ABC Fund, a pension fund responsible for managing more than 800 million dollars, his thoughts were focused on a very important decision that ABC Fund would have to make in just a matter of days. The American pension fund was considering whether or not to invest in the upcoming Initial Public Offering of CTT- Correios de Portugal, the Government-owned Portuguese mail company. Is this investment opportunity in accordance with the risk profile of a pension fund? Is it a wise decision to acquire shares in a Portuguese company when the country is at the centre of the European Sovereign debt crisis, going through a very demanding economic adjustment program imposed by its bail-out creditors? Would the creation of Portugal's Postal Bank make CTT a sure bet today when its price does not fully reflect the future benefits from entering financial services? Those were some of the questions that were constantly in Mr. Bernstein’s mind over the last couple of days and he was struggling to find the answers…

Dual track sell-out: Signaling through IPO and Underpricing

A Work Project, presented as part of the requirements for the Award of a Masters Degree in Finance from the NOVA – School of Business and Economics

The 1st ISA forum of sociology on the “Sociological Research and Public Debate”

1st ISA Forum report

A type system for access control in an object-oriented language

Trabalho apresentado no âmbito do Mestrado em Engenharia Informática, como requisito parcial para obtenção do grau de Mestre em Engenharia Informática

Towards a GIS-T database design and implementation for public transit planning: the case study of Dar-Es-salaam metropolitan city, Tanzania.

Dissertation submitted in partial fulfilment of the requirements for the Degree of Master of Science in Geospatial Technologies

On the initial conditions in continuous-time fractional linear systems

Signal Processing, Vol. 83, nº 11

A new approach to the initial value problem

5th Portuguese Conference on Automatic Control, September, 5-7, 2002, Aveiro, Portugal

The role of implicit contracts: Building public works in the 1840s in Portugal

Business History, Vol 50 No 2, p147-162

Georeferencing Road Accidents with Google Earth: Transforming Information into Knowledge for Decision Support

Over the last fifty years mobility practices have changed dramatically, improving the way travel takes place, the time it takes but also on matters like road safety and prevention. High mortality caused by high accident levels has reached untenable levels. But the research into road mortality stayed limited to comparative statistical exercises which go no further than defining accident types. In terms of sharing information and mapping accidents, little progress has been mad, aside from the normal publication of figures, either through simplistic tables or web pages. With considerable technological advances on geographical information technologies, research and development stayed rather static with only a few good examples on dynamic mapping. The use of Global Positioning System (GPS) devices as normal equipments on automobile industry resulted in a more dynamic mobility patterns but also with higher degrees of uncertainty on road traffic. This paper describes a road accident georeferencing project for the Lisbon District involving fatalities and serious injuries during 2007. In the initial phase, individual information summaries were compiled giving information on accidents and its majour characteristics, collected by the security forces: the Public Safety Police Force (Polícia de Segurança Pública - PSP) and the National Guard (Guarda Nacional Republicana - GNR). The Google Earth platform was used to georeference the information in order to inform the public and the authorities of the accident locations, the nature of the location, and the causes and consequences of the accidents. This paper also gives future insights about augmented reality technologies, considered crucial to advances to road safety and prevention studies. At the end, this exercise could be considered a success because of numerous consequences, as for stakeholders who decide what to do but also for the public awareness to the problem of road mortality.

Fisioterapia : influência na qualidade de vida da mulher com cancro da mama : contributo para a qualidade do serviço em oncologia

RESUMO - O cancro da mama é uma preocupação da saúde pública a nível mundial, pela sua incidência, mortalidade e custos económicos associados. As terapias utilizadas no seu tratamento, embora eficazes, conduzem a alterações de todas as dimensões da Qualidade de Vida (QdV) da mulher com cancro da mama. A garantia de uma qualidade de serviço prestado deve ser uma prioridade das organizações de saúde, sendo a QdV uma medida de resultado. Partindo do pressuposto que em Portugal existe uma diferença potencial na forma como as mulheres com cancro da mama recebem o apoio por parte da fisioterapia, importa saber se a fisioterapia tem ou não influência na QdV da mulher com cancro da mama, o que, no caso de ser afirmativo, poderá constituir uma mais-valia para a qualidade do serviço prestado em oncologia. O Objectivo deste trabalho é construir um modelo de análise no sentido de responder à questão inicial de investigação: “Será que a fisioterapia contribui para a melhoria da Qualidade de Vida das mulheres com cancro da mama submetidas a cirurgia e outras terapias oncológicas?”. Neste sentido o trabalho de projecto dividiu-se por etapas. Inicialmente foi realizado um enquadramento teórico, através de uma revisão de literatura e da realização de entrevistas exploratórias, permitindo desta forma ter um conhecimento actual das temáticas que definem as variáveis e o objecto de estudo. Na etapa seguinte, foi feita uma análise crítica sobre o conhecimento actual do tema em estudo, que permitiu definir as variáveis a estudar, escolher o instrumento de medida a utilizar, ter conhecimento dos procedimentos a seguir. Após a definição do objectivo geral (avaliar se a fisioterapia tem influência na QdV das mulheres submetidas a cirurgia e outras terapias oncológicas) e dos objectivos específicos, iniciou-se o delineamento da metodologia tida como adequada para responder às questões de investigação levantadas (tipo de estudo, as variáveis, a unidade de análise, os métodos e técnicas de recolha de dados, os procedimentos e a metodologia de tratamento de dados). No âmbito do trabalho de projecto está definida a colocação em campo de um caso de estudo efectivo que permita dar um contributo real no delineamento da metodologia. Neste trabalho optou-se pela realização de um estudo piloto, que se enquadra nos procedimentos da metodologia e que teve por objectivo retirar algumas conclusões sobre: a aplicabilidade do instrumento de medida; os tempos definidos para a recolha de dados; as características sociodemográficas e clínicas da amostra; as questões de investigação levantadas. O estudo piloto consistiu num estudo pré-experimental, com uma amostra de 35 indivíduos, submetidos a cirurgia a cancro da mama e a outras terapias oncológicas. Foram avaliadas as dimensões do bem-estar físico e actividades quotidianas, bem-estar psicológico, relações sociais, sintomas e características sociodemográficas/clínicas, no início do tratamento individual de fisioterapia e no momento de alta. Utilizou-se como instrumento de medida o questionário EORTC QLQ–30 e o seu questionário complementar EORTC QLQ–23. Tendo sido construída uma ficha para recolha de dados sociodemográficos e clínicos. A significância estatística foi aceite para valores de p<0,05. Para comparação entre grupos e evolução dentro de cada grupo aplicou-se o teste t-student e o teste de Mann-Whitney. A análise dos resultados do estudo piloto permitiu verificar que: - O instrumento de medida proposto (questionário EORTC QLQ30 e BR23) mostrou ser de fácil aplicação, não tendo existido dificuldade por parte das doentes no seu preenchimento. Não houve problemas no cálculo dos scores e na sua interpretação; - Parte considerável das mulheres com cancro da mama será submetida a protocolos que se poderão prolongar por vários meses após a cirurgia (ex: QT+RT+HT). Esta realidade leva-nos a propor que sejam realizados vários momentos de avaliação, para que possam ser avaliadas as dimensões da QdV ao longo dos diferentes protocolos de tratamentos. Pensamos que o ideal seria a realização de 4 momentos de avaliação (3 a 4 semanas após a cirurgia, 3 meses, 6 meses e 9 meses após cirurgia). Sugerimos também que o estudo proposto seja realizado com uma amostra de maior dimensão; - O estudo piloto como recorreu a uma metodologia pré-experimental (ausência de grupo de controlo e apenas dois momentos de avaliação), não permite a consistência dos resultados; no entanto os resultados obtidos podem constituir um indicador de que a fisioterapia tem influência nas diferentes dimensões da QdV da mulher com cancro da mama submetida a cirurgia e a outras terapias oncológicas, podendo constituir uma mais-valia para a qualidade do serviço prestado em oncologia. Os resultados do estudo piloto permitiram redefinir a metodologia tida como adequada para responder à questão de investigação inicial. Apresentamos de seguida a mesma: Estudo quase-experimental, sendo a amostra constituída por dois grupos de 60 mulheres cada, submetidas a cirurgia a cancro da mama e a outras terapias oncológicas. O grupo experimental será submetido a tratamentos individuais de fisioterapia. Serão avaliadas as dimensões do bem-estar físico e actividades quotidianas, bem-estar psicológico, relações sociais e sintomas. A recolha de dados será realizada 3 semanas, 3 meses, 6 meses e 9 meses após a cirurgia. Como instrumento de medida será utilizado o questionário EORTC QLQ–30 e o seu questionário complementar EORTC QLQ–23, serão também recolhidos dados sociodemográficos e clínicos. A significância estatística será aceite para valores de p<0,05. Para comparação entre grupos e evolução dentro de cada grupo serão utilizados testes paramétricos e não paramétricos. A realização de um estudo que seguisse a metodologia acima referida permitiria uma maior consistência dos resultados, podendo eventualmente existir a confirmação de que a fisioterapia pode ter influência na QdV da mulher submetida a cirurgia a cancro da mama e a outras terapias oncológicas. A evidência de que a fisioterapia tem influência na QdV da mulher com cancro da mama, e o facto de a QdV ser um indicador da qualidade do serviço prestado em oncologia, poderão constituir um agente facilitador para a mudança na gestão de recursos humanos em organizações de saúde com a valência de oncologia, levando a uma alteração dos padrões de prática na área da fisioterapia em oncologia em Portugal, que poderá conduzir a uma melhor qualidade de serviço prestado ao doente oncológico. ----- ABSTRACT - Breast Cancer is a worldwide public health concern due to the incidence, mortality and economic costs associated. Although effective, therapies used in its treatment lead to changes in all Quality of Life (QoL) dimensions of a woman suffering from Breast Cancer. QoL is an outcome measure, and the insurance of quality of care provided should be a priority to health organizations. Taking into consideration that in Portugal there is a potential difference in the way women with Breast Cancer are provided with physical therapy, it is important to know whether physical therapy does or does not influence the QoL of women with breast cancer. If it does, it will lead to a health care quality improvement to cancer patients. The goal of the following study is to build an analysis model in order to answer the initial investigation question: “Does Physical Therapy contribute to enhance the Quality of Life of women with breast cancer who underwent surgery and other oncology treatments?” The project was divided in different stages. Initially, a literature revision was elaborated and exploratory interviews were held, which allowed an actual knowledge of the themes that define the variables and the object of study. The next stage included a critical analysis of the theme, which allowed the definition of variables of study, the choice of instrument of measure and the acquisition of some knowledge on how to proceed. After the definition of the general goal (to evaluate the influence of physical therapy on the QoL of women with breast cancer who underwent surgery and other oncology treatments) and specific goals, the choice of a right methodology took place, in order to answer the investigation questions (type of study, variables, unit analysis, methods and techniques on data collection, procedures and data treatment). In the scope of the project, it is decided to put out on the field an effective case-study which assures a real contribution on the choice of te methodology. In this particular work, there was a pilot study, included in the methodology procedures, with the goal of obtaining conclusions on the applicability of the instrument of measure; the length of time to collect data, the socio-demographic and clinical characteristics of the sample; the investigation questions. The pilot study consisted on a one group pretest-postest design, with a sample of 35 individuals who underwent surgery and other oncology treatments. Dimensions such as physical well-being and everyday life activities, psychological well-being, social relationships, symptoms and socio-demographical/clinical characteristics were assessed at the beginning of physical therapy individual treatment and at the moment of release. The instrument of measure used was the EORTC QLQ–30 questionnaire and its complementary questionnaire EORTC QLQ–23. A chart was made in order to collect socio-demographic and clinical data. Statistic significance was accepted for values of p<0,05. To compare between groups and to detect the evolution within each group, the t-student test and the Mann-Whitney test were applied. The outcome analysis of the pilot study allowed to verify that: - The instrument of measure proposed (EORTC QLQ30 and BR23) was easy to apply, and the subjects did not show any difficulty in filling it up. There was also no problem on calculating the scores or interpreting them; - A considerable part of the women with breast cancer will be submitted to protocols that may occur throughout several months after surgery (e.g., QT+RT+HT). This reality leads us to suggest several moments of assessment of the QoL dimensions in various moments of the different protocol treatments. We consider that the ideal number of evaluations would be 4 (3/4 weeks, 3 months, 6 months and 9 months after surgery). We also suggest the use of a larger sample; - Since the pilot study resorted to a one group pretest-postest design (there is an absence of control group and only two moments of assessment), there is no consistency of outcome. However, the results obtained indicate that physical therapy influences the dimensions of QoL on women with breast cancer who underwent surgery and other oncology treatments, which may be an asset to the quality of care provided to cancer patients. The outcome of the pilot study allowed to redefine the methodology given as adequate to answer the initial investigation question. Our suggestion is as follows: quasi-experimental design, with a sample of 120 subjects (2 groups of 60 women) with breast cancer who underwent surgery and other oncology treatments. The experimental group will be submitted to individual treatments of physical therapy. Dimensions such as physical well-being and everyday life activities, psychological well-being, social relationships and symptoms will be assessed. The collection of data will occur at 3 weeks, 3 months, 6 months and 9 months after surgery. The instrument of measure is the EORTC QLQ–30 questionnaire and its complementary questionnaire EORTC QLQ–23, and social-demographic and clinical information will also be collected. The statistic significance will be accepted for values of p<0,05. Parametric and non-parametric tests will be used to compare between groups and to detect the evolution within each group. Carrying out a study that followed the methodology discussed above would allow a better consistency of results, possibly enabling the confirmation that physical therapy influences the QoL of women with breast cancer who underwent surgery and other oncology treatments. The evidence that physical therapy influences the QoL of women with breast cancer, and the fact that QoL is an indicator of quality of care provided to cancer patients, may work as a facilitating agent in the change of human resources management in health organizations associated to oncology, which will lead to a change in oncology physical therapy practice patterns in Portugal, guiding to a health care quality improvement to cancer patients.

Public works policy in Portugal: a case study in unsustainability

International Journal of Engineering and Industrial Management, nº 1, p. 195-208

Environmental pressures and impacts of public sector organizations: the case of the Portuguese Military

Progress in Industrial Ecology, An International Journal, nº 4(5), p. 363-381

The state of environmental performance evaluation in the public sector: the case of the Portuguese defence sector

Journal of Cleaner Production, nº 17, p. 36-52

Environmental performance policy indicators for the public sector: The case of the defence sector

Journal of Environmental Management, nº 82 p. 410–432

Sucesso terapêutico no controlo da tuberculose em Portugal : determinantes do resultado do tratamento e a sua capacidade preditiva

RESUMO - Enquadramento/objectivos: Apesar do elevado nível de comprometimento em estratégias eficazes para o controlo da tuberculose, em todo o mundo, esta constitui ainda um sério problema de Saúde Pública, com uma estimativa global de 9,4milhões de casos novos em 2008 e 1,8milhões de mortes/ano. O reduzido conhecimento das barreiras e facilitadores para o sucesso terapêutico constitui um importante obstáculo na procura de soluções eficazes de melhoramento da qualidade dos programas de controlo da tuberculose. Este estudo procura contribuir para a identificação atempada de doentes com perfis preditivos de insucesso terapêutico, através da identificação inicial de potenciais determinantes do resultado, com base num modelo epidemiológico e estatístico. Métodos: Foi desenvolvido um estudo de caso-controlo para a população de casos notificados ao Programa Nacional de Controlo da Tuberculose (n=24491), entre 2000-2007. Os factores preditivos de insucesso terapêutico foram identificados na análise bivariada e multivariada, com um nível de significância de 5%; a regressão logística foi utilizada para estimar a odds ratio de insucesso terapêutico, em comparação com o sucesso terapêutico, para diversos factores identificados na literatura, e para os quais os dados se encontravam disponíveis. Resultados: A dependência alcoólica (OR=2,889), o país de origem (OR=3,910), a situação sem-abrigo (OR=3.919), a co-infecção pelo VIH (OR=5,173), a interrupção (OR=60.615) ou falha terapêutica no tratamento anterior (OR=67.345) e a duração do tratamento inferior a 165 dias (OR=1930,133) foram identificados como factores preditivos de insucesso terapêutico. A duração do tratamento inferior a 165 dias provou ser o mais importante determinante do resultado terapêutico. Conclusões: Os resultados sugerem que um doente imigrante, em situação de sem-abrigo, dependente alcoólico, com tratamentos anteriores para a tuberculose e co-infectado pelo VIH apresenta uma elevada probabilidade de insucesso terapêutico. Assim, deverão ser definidas estratégias específicas, centradas no doente por forma a impedir este resultado. A base de dados (SVIG-TB), provou ser uma ferramenta de qualidade para a investigação sobre diversos aspectos do controlo da tuberculose. ------------------------------- ABSTRACT - Background/Objective: Despite the high commitment in good strategies for tuberculosis control worldwide, this is still a serious Public Health problem, with global estimates of 9,4million new cases in 2008 and 1,8million deaths/year. The poor understanding of the barriers and facilitators to treatment success is a major obstacle to find effective solutions to improve the quality of tuberculosis programs. This study tries to contribute to the timely identification of patients with predictive profiles of unsuccessful treatment outcomes, through the initial identification of characteristics probably affecting treatment outcome, found on the basis of an epidemiological and statistical model. Methods: A case-control study was conducted for the population of cases notified to the National Program for Tuberculosis Control (n=24 491), between 2000-2007. Predictive factors for unsuccessful outcome were assessed in a bivariate and multivariate analysis, using a significance level of 5%; a logistic regression was used to estimate the odds-ratio of unsuccessful, as compared to successful outcome, for several factors identified in the literature and to which data was available. Results: Alcohol abuse (OR=2,889), patient´s foreign origin (OR=3,910), homelessness (OR=3,919), HIV co-infection (OR=5,173), interruption (OR=60,615) or unsuccessful outcome in the previous treatment (OR=67,345) and treatment duration below 165 days (OR=1930,133) were identified as predictive of unsuccessful outcomes. A low treatment duration proved to be the most powerful factor affecting treatment outcome. Conclusions: Results suggest that a foreign-born patient, alcohol abuser, who has had a previous treatment for tuberculosis and is co-infected with HIV is very likely to have an unsuccessful outcome. Therefore, specific, patient-centered strategies should be taken to prevent an unsuccessful outcome. The database (SVIG-TB), has proved to be a quality tool on research of various aspects of tuberculosis control.