Parametric VaR with goodness-of-fit tests based on EDF statistics for extreme returns

Parametric VaR (Value-at-Risk) is widely used due to its simplicity and easy calculation. However, the normality assumption, often used in the estimation of the parametric VaR, does not provide satisfactory estimates for risk exposure. Therefore, this study suggests a method for computing the parametric VaR based on goodness-of-fit tests using the empirical distribution function (EDF) for extreme returns, and compares the feasibility of this method for the banking sector in an emerging market and in a developed one. The paper also discusses possible theoretical contributions in related fields like enterprise risk management (ERM). © 2013 Elsevier Ltd.

As "Bonecas" da pista no horizonte da cidadania: uma jornada no cotidiano travesti em Belém (PA)

O presente trabalho é um estudo sobre as travestis que vivem da prostituição nas ruas de Belém, estado do Pará. A atividade venal que lhes garante o sustento é reconhecidamente praticada nas avenidas Almirante Barroso e Assis de Vasconcelos, localizadas respectivamente nos bairros do Marco e da Campina. Essas vias públicas funcionam como dois importantes corredores de tráfego de veículos da cidade, sendo por isso ideais para o trottoir. Os dados empíricos coletados através de entrevistas e as notas de campo serviram ao propósito de conhecer a realidade em que vivem essas profissionais do sexo, o que consolida como hipótese a idéia de que seu gênero andrógino as tornam sujeitos sócio-desvalorizados com implicações diretas na sua cidadania.Uma evidência nesse sentido é a carência de políticas públicas concernentes a esse segmento social que se enquadra no conceito de homossexualidade, enquanto categoria mais genérica para aplicar o desejo e o amor entre os do mesmo sexo. Tanto ao nóvel local quanto nacional, verificam-se algumas tentativas de implementação de políticas públicas na forma de leis antidiscriminatórias que objetivam beneficiar não só aos gays, como também às lésbicas e às travestis, porém estas têm sido alvo de resistências de parlamentares contrários ao avanço da cidadania desses sujeitos. Entre outras coisas, constatou-se nessa direção que a construção da cidadania para as travestis na cidade está dependendo da atuação do Movimento Homossexual de Belém (MHB) na mobilização política por direitos, uma vez que elas não se encontram organizadas tal como ocorre em outras capitais brasileiras. Por conseguinte, entende-se que há muito a avançar nas garantias sociais e civis para que esses sujeitos andróginos, popularmente chamados de "bonecas", possam tornar-se cidadãos de direito e de fato.

Uso de sombras na correção do efeito vinhete

When registering spectral radiance from surface targets, digital numbers recorded by the imagery sensor may vary. Such variation causes imperfections on the images coming from aerial surveys. Variation in the image brightness related to the distance from the center of the image is known as the vignetting effect. Correcting this effect aims at achieving an homogeneous image brightness. The purpose of this paper is to present a specific methodology to determine a model in order to minimize this vignette effect based on a model fit by Least Squares Method (LSM), using digital numbers (DN) from shadowed regions. The main hypothesis is that the recorded DN of shadow pixels should be suitable to model the vignetting effect. Considering that the vignetting effect could be modeled as a trend of spatial image variation, a trend surface analysis of a sample of pixels from shadowed regions was carried out. Two approaches were adopted to represent the shadow regions of an image. The first one takes into account the components R, G, B of the aerial image within the visible spectral band, and the second one considers the component I of the HSI image. In order to evaluate the methodology, a study case with a color aerial image was carried out. The findings showed that the best results were obtained by applying the model in the RGB components, which allows to conclude that the vignetting effect can be modeled based on trend surfaces fit on shadow regions DN.

Court cleaning behavior of the white-bearded manakin (manacus manacus) and a test of the anti-predation hypothesis

Conselho Nacional de Desenvolvimento Científico e Tecnológico (CNPq)

Evaluation of Resin Bond Strength to Yttria-stabilized Tetragonal Zirconia and Framework Marginal Fit: Comparison of Different Surface Conditionings

Fundação de Amparo à Pesquisa do Estado de São Paulo (FAPESP)

Observation of the diphoton decay of the Higgs boson and measurement of its properties

Conselho Nacional de Desenvolvimento Científico e Tecnológico (CNPq)

A psicanálise entre a higiene mental e a escola nova na obra de Arthur Ramos: contribuições à história da educação no Brasil

Conselho Nacional de Desenvolvimento Científico e Tecnológico (CNPq)

Student's academic efficacy or Inefficacy? an example on how to evaluate the psychometric properties of a measuring instrument and evaluate the effects of item wording

This study evaluated the effect of item inversion on the construct validity and reliability of psychometric scales and proposed a theoretical framework for the evaluation of the psychometric properties of data gathered with psychometric instruments. To this propose, we used the Maslach Burnout Inventory, which is the most used psychometric inventory to measure burnout in different professional context (Students, Teachers, Police, Doctors, Nurses, etc…). The version of the MBI used was the MBI-Student Survey (MBI-SS). This inventory is composed of three key dimensions: Exhaustion, Cynicism and Professional Efficacy. The two first dimensions—which have positive formulated items—are moderate to strong positive correlated, and show moderate to strong negative correlations with the 3rd dimension—which has negative formulated items. We tested the hypothesis that, in college students, formulating the 3rd dimension of burnout as Inefficacy (reverting the negatively worded items in the Efficacy dimension) improves the correlation of the 3rd dimension with the other two dimensions, improves its internal consistency, and the overall MBI-SS’ construct validity and reliability. Confirmatory factor analysis results, estimated by Maximum Likelihood, revealed adequate factorial fit for both forms of the MBI-SS (with Efficacy) vs. the MBI-SSi (with Inefficacy). Also both forms showed adequate convergent and discriminant related validity. However, reliability and convergent validity were higher for the MBI-SSi. There were also stronger (positive) correlations between the 3 factors in MBI-SSi than the ones observed in MBI-SS. Results show that positively rewording of the 3rd dimension of the MBI-SS improves its validity and reliability. We therefore propose that the 3rd dimension of the MBI-SS should be named Professional Inefficacy and its items should be positively worded.

Influence of training status and eNOS haplotypes on plasma nitrite concentrations in normotensive older adults: a hypothesis-generating study

Fundação de Amparo à Pesquisa do Estado de São Paulo (FAPESP)

Occurrence of Isarachnanthus (Cnidaria: Anthozoa: Ceriantharia) at Ascension Island: a test of hypothesis

Fundação de Amparo à Pesquisa do Estado de São Paulo (FAPESP)

First description of B chromosomes in the Hyphessobrycon (Characiformes, Characidae) genus: a hypothesis for the extra element of Hyphessobrycon eques Steindachner, 1882

Coordenação de Aperfeiçoamento de Pessoal de Nível Superior (CAPES)

Green product development and performance of Brazilian firms: measuring the role of human and technical aspects

The goal of this study is to present and test a conceptual framework that describes the technical aspects (TA), human/organizational aspects (HOA) of the adoption of green product development (GPD) practices and the effect of these practices on firms'environmental (EP), operational (OP) and market performance (MP). To this end, after reviewing the literature on these themes, a conceptual framework with 5 hypotheses is proposed. These hypotheses were tested on 62 Brazilian companies through structural equation modeling using SmartPLS 2.0M3. The main results of this study are as follows: (a) in general, the proposed framework obtained adequate goodness of fit statistics (GoF); (b) technological factors are shown to have an influence on the adoption of GPD practices, and those practices are related to company EP, OP and MP, thus confirming 4 hypotheses of the study; and (c) one of the study's hypotheses is not validated, indicating that the relationship of human/organizational aspects to GPD must be further analyzed. This work extends the literature because: (a) the conceptual framework tested in this study establishes several concepts that have been only partially tested in the previous literature; (b) this work presents evidence about Brazil, where the themes addressed herein have not been yet been thoroughly investigated; and (c) the non-validation of the hypothesis regarding the relationship between human/ organizational aspects with respect to the adoption of product-related environmental practices requires attention. (C) 2014 Elsevier Ltd. All rights reserved.

Measurement of the top-quark mass in all-jets t(t)over-bar events in pp collisions at root s=7 TeV

Conselho Nacional de Desenvolvimento Científico e Tecnológico (CNPq)