Moral hazard and dynamics of insider ownership stakes

In this paper, I analyze the ownership dynamics of N strategic risk-averse corporate insiders facing a moral hazard problem. A solution for the equilibrium share price and the dynamics of the aggregate insider stake is obtained in two cases: when agents can crediblycommit to an optimal ownership policy and when they cannot commit (time-consistent case). Inthe latter case, the aggregate stake gradually adjusts towards the competitive allocation. The speed of adjustment increases with N when outside investors are risk-averse, and does not depend on it when investors are risk-neutral. Predictions of the model are consistent with recent empirical findings.

Assédio Moral e Sexual nas Relações de trabalho: Os factores que potenciam o assédio moral e sexual nas relações de trabalho e as atitudes das pessoas perante tal fenómeno. Caso Enapor

Esta pesquisa monográfica, ora apresentada, visa analisar e compreender os factores que os funcionários da ENAPOR percepcionam como estando na origem do assédio moral e sexual nas relações de trabalho, bem como as atitudes dos mesmos perante o fenómeno. Os aspectos apresentados derivam de interpretações feitas durante a investigação sobre a temática em estudo, assédio moral e sexual nas relações de trabalho, tendo como bases as autoras BARRETO (2000) e FREITAS (2001). Estas são as autoras nas quais pretendemos centralizar, mas, outras abordagens teóricas darão suporte a esta nossa investigação. Pretendemos estudar o tema com base na análise documental, Pesquisas na Internet e aplicação das entrevistas aos directores e outros funcionários de outro escalão. A escolha destas duas autoras como suportes teóricos para esta pesquisa tem a ver, sobretudo, com o facto de elas estarem intrinsecamente relacionadas com os objectivos que norteiam a nossa investigação. Utilizaremos também como suporte teórico as contribuições de outros autores em relação à problemática do assédio moral e sexual nas relações de trabalhos. As mesmas razões apresentadas nos parágrafos anteriores em relação às outras contribuições teóricas dos outros autores também se aplicam de forma específica a este autor. Para uma análise aprofundada desta pesquisa, recorreu-se ao método qualitativa para a análise de resultados, utilizando como instrumentos de recolha dos dados a entrevistas. Esta pesquisa monográfica está estruturada em cinco capítulos: no primeiro capítulo, uma reflexão sobre a definição do objecto de estudo e da metodologia; no segundo, assédio moral e sexual; no terceiro, temos as estratégias, motivos que encoraja a pratica do assédio, as atitudes e as politica de prevenção. No quarto, capítulo procede-se à apresentação, análise e interpretação dos resultados obtidos, por último, as principais conclusões a que se chegou nesta pesquisa e as considerações finais do mesmo.

Traitements des facteurs de risque cardiovasculaire et dépistage de la maladie coronarienne dans le diabète de type 2 [Treatments for cardiovascular risk factors and screening for coronary artery disease in type 2 diabetes mellitus]

The recent ACCORD and DIAD studies revealed results which could modify treatments and the screening of diabetes vascular complications. Indeed, ACCORD shows no benefit on the prevention of diabetes vascular complications by aggressive treatment of hypertension or the combined treatment of the dyslipidemia. The intensive treatment of the blood glucose, if associated with severe hypoglycemias, increases mortality. DIAD revealed 20% of silent myocardial ischaemia in diabetic patients but no beneficial effect on the cardiovascular mortality. A careful reading of these studies in the light of long term studies such as UKPDS and STENO reveals that these negative results are generated by a too short follow-up and too aggressive objectives. The long term studies reveal that more realistic objectives remain beneficial.

Facteurs de risque fracturaire, nouveaux traitements: comment evolue la prise en charge de l'ostéoporose de la personne agée [Fracture risk, new treatments: how does the management of the osteoporosis of elderly change?]

Osteoporosis of elderly is a growing medical, economic and health-care problem. It is due to the increase of the life expectancy and the number of osteoporotic fractures. With the new Swiss-specific tool FRAX and the development of inpatients fracture trajectory, we can better identify patients with high risk of fracture. An appropriate treatment can be proposed more quickly. The follow-up of bone markers increases the treatment efficiency. With a better identification, treatment and follow-up of osteoporosis of elderly patients, we can ameliorate the patient's quality of life and decrease the number of osteoporotic fractures with a good cost-effectiveness ratio.

Tabagisme: un facteur de risque de diabète de type 2

Les fumeurs ont un poids corporel inférieur de 3 à 4 kg à celui des non-fumeurs, mais ils ont tendance à accumuler davantage de graisse au niveau abdominal. De par ce mécanisme, ainsi que par une toxicité directe du tabac sur les cellules du pancréas ou encore une augmentation de l'inflammation systémique, les fumeurs ont un risque accru de développer un diabète de type 2 comparativement aux non-fumeurs. À l'arrêt du tabac, la majorité des fumeurs prennent du poids et le risque de diabète est augmenté dans les premières années qui suivent l'arrêt. Les bénéfices de l'arrêt sur la mortalité ou les événements cardiovasculaires ne sont toutefois pas affectés par cette augmentation transitoire du risque métabolique.

Perception et communication du risque: du diabète à la maladie cardiovasculaire [Risk perception and communication: from diabetes to cardiovascular diseases].

Evidence-based medicine has enabled to approach disease in a more rational and scientific way. Clinical research has identified behaviours and risk factors that could cause disease often "silent" at the beginning, such as diabetes. Despite the clear impact of these evidences on public health, it seems that the individual risk perception level remains weak. To mention as well, the health professionals very often have a different views, which makes it difficult to communicate the risk with patients. In this article we describe the principles of risk perception, the diabetes related risk perception concerning cardiovascular complications, and suggest some practical strategies and tools which could improve risk communication in the everyday practice.

La Géographie française et le risque d'inondation: de la géographie physique à la géographie humaine

Les inondations, comme tous les risques naturels, ont été un thème qui est revenu souvent au long de l'histoire de la géographie française, mais toujours — et contrairement à ce qui se passe dans la géographie anglo-saxonne —, en relation à la géographie physique. Dans cet article, nous voulons expliquer les raisons de la présence de la géographie physique dans le traitement du risque d'inondation : nous mettons en relation les différents moments de la géographie française avec l'analyse du risque d'inondation et révisons le contenu des références aux inondations entre les géographes ou écoles géographiques les plus représentatifs

Syndrome d'apnées du sommeil: un risque pour l'anesthésie générale [Obstructive sleep apnea: a risk for general anesthesia?]

There are many case reports of serious complications and death among obstructive sleep apnea patients (OSA) during general anesthesia or postoperative analgesia. Sedatives and anesthetic agents, pharyngeal anatomy of these patients, opiates given for analgesia, and post operative REM sleep rebound represent potential hazards for general anesthesia in OSA patients. Ideally these patients should be treated with continuous positive airway pressure (CPAP) during premedication, directly after extubation and during postoperative analgesia. Unfortunately, only about 20% of these patients are diagnosed before surgery. A special attention should be given to the symptoms and signs suggestive of OSA during preoperative visits. Screening tests should be performed in patients with suspected OSA and, if positive, a treatment should be initiated.