The persistence of return on assets: differences between industries and differences between firms

This study offers a statistical analysis of the persistence of annual profits across a sample of firms from different European Union (EU) countries. To this end, a Bayesian dynamic model has been used which enables the annual behaviour of those profits to be broken down into a permanent structural component on the one hand and a transitory component on the other, while also distinguishing between general effects affecting the industry as a whole to which each firm belongs and specific effects affecting each firm in particular. This break down enables the relative importance of those fundamental components to be evaluated. The data analysed come from a sample of 23,293 firms in EU countries selected from the AMADEUS data-base. The period analysed ran from 1999 to 2007 and 21 sectors were analysed, chosen in such a way that there was a sufficiently large number of firms in each country*sector combination for the industry effects to be estimated accurately enough for meaningful comparisons to be made by sector and country. The analysis has been conducted by sector and by country from a Bayesian perspective, thus making the study more flexible and realistic since the estimates obtained do not depend on asymptotic results. In general terms, the study finds that, although the industry effects are significant, more important are the specific effects. That importance varies depending on the sector or the country in which the firm carries out its activity. The influence of firm effects accounts for more than 90% of total variation and display a significantly lower degree of persistence, with adjustment speeds oscillating around 51.1%. However, this pattern is not homogeneous but depends on the sector and country analysed. Industry effects have a more marginal importance, being significantly more persistent, with adjustment speeds oscillating around 10% with this degree of persistence being more homogeneous at both country and sector levels.

Accés Wi-Fi a la xarxa municipal d'Alcoi des dels parcs públics

Implantació d'un punt a punt a la xarxa municipal d'Alcoi per connectar un edifici aïllat i accés públic al ciutadà a la xarxa municipal amb tecnologia Wi-Fi i WiMAX.

A proposal to establish indicators for the evaluation of municipal councils' socio-cultural policies

How can municipal sociocultural policies stimulate and promote community empowerment, civic creativity or social cohesion? What objectives should be proposed at the municipal level to promote processes of sociocultural community development? How can we identify local needs in order to stimulate community development processes? In response to these questions, our paper proposes a creative solution: indicators to evaluate sociocultural policies. The proposal will enable us to obtain information about our own reality and, at the same time, contribute to producing changes and to outlining possible de intervention strategies for local administrations. The proposal describes a system of creative, flexible and rigourous indicators intended for municipal technicians and politicians interested in evaluating their sociocultural actions and strategies. We present the result of a research process whose methods included validation of the indicators by experts and technicians in or related to sociocultural community development, and the application of this system based on a case study of a Spanish municipality. Among the proposed indicators specific consideration is given to the support of local creators and the promotion of civic creativity, as well as the use, the creation and the articulation of sociocultural activities as strategies to contribute to cultural and civic diversity

Arquitectura y urbanismo en la conturbación barcelonesa. Ramon Puig Gairalt arquitecto municipal de l'Hospitalet de Llobregat (1912-1937)

[spa]En este artículo planteamos que significaron los trabajos de los arquitectos Ramon y Antoni Puig Gairalt, que abarcan desde la primera década del siglo XX hasta el año 1937 y que aún perviven en muchas de las localidades del territorio catalán donde intervinieron. Hablamos en plural de los Puig Gairalt porque fueron dos hermanos, Ramon y Antoni, aunque en L'Hospitalet de Llobregat las intervencions corresponden mayoritariamente a Ramon Puig Gairalt. En la actualidad muchas de las obras perduran y, como valores patrimoniales, han llegado hasta nosotros. Como es bien sabido, el patrimonio de muchas poblaciones y ciudades forma parte de la memoria con la que una colectividad se identifica. A lo largo del tiempo, han ido conformando su paisaje urbano y cualquier colectividad que transita por su territorio, establece un vínculo muy directo sea éste o no de carácter monumental porque de hecho se ha convertido en signo de su identidad.

Kassanhallinta kuntasektorilla -sovellus Etelä-Karjalan ydinkuntien likvidimpien varojen osalta

Tutkielmassa analysoidaan kunnan kassanhallinnan likvidimpien varojen prosessien toteuttamista, kun tavoitteena on kustannustehokkuuden parantaminen. Lisäksi selvitetään Etelä-Karjalan ydinkuntien eli Lappeenrannan, Imatran ja Joutsenon mahdollisuuksia tehostaa yhteistyötä taloushallinnon alueella. Työn teoriaosassa tarkastellaan kuntasektorin kassanhallintaa erityisesti myyntisaamisten ja ostovelkojen hallinnan osalta. Keskeistä on löytää prosesseista kustannuksia ja viivettä minimoivia menettelytapoja, joita olisi mahdollista hyödyntää kunnan kassanhallinnassa. Tehokkaassa kassanhallinnassa korostuu yhä enenevissä määrin informaatioteknologian rooli. Tästä johtuen tutkimuksessa kartoitetaan perinteisten menettelytapojen automatisoinnin mahdollisuuksia ja etuja. Empiirisessä osassa tarkastellaan kohdekuntien kassanhallinnan menettelytapoja sekä niiden yhtäläisyyksiä ja eroavuuksia. Lisäksi kartoitetaan yhteistyön lisäämisen mahdollisuuksia ja esteitä sekä määritetään käytetyn aineiston perusteella tehokkaan kassanhallinnan edellyttämät menettelytavat. Tutkimuksesta voidaan päätellä kuntien tavoittelevan joustavampia ja kustannuksia minivoivia kassanhallinnan menettelytapoja vaikka perinteisten menetelmien uudistaminen ei aina olekaan helppoa. Automatisointi ja prosessien virtaviivaistaminen on taloudellisen menestyksen ja kilpailussa mukana pysymisen edellytys. Tehokkuuden etsiminen tiiviimmän yhteistyön kautta olisi järkevää, mutta asenteet ja kontrollin menettämisen pelko estävät yhteistyöhön perustuvien suuruuden etujen saavuttamisen.

Un model per a la gestió cultural municipal : Les arts visuals locals en revisió

El treball desenvolupa en cinc capítols la recerca, l'estudi de dades i les conclusions de la hipòtesi de treball inicial: es possible implementar un nou programa d'arts visuals de qualitat a Rubí? A través de l'estudi detallat, l'anàlisi de dates quantitatives i qualitatives, les entrevistes a responsables de centres d'arts visuals de tota Catalunya i amb la realitat de gestió de les arts visuals del municipi de Rubí, es tracta d'arribar a unes conclusions que condueixen al plantejament d'un nou model de gestió per a l'Ajuntament de Rubí.

Materials selection for superheater tubes in municipal solid waste incineration plants

Corrosion reduces the lifetime of municipal solid waste incineration (MSWI) superheater tubes more than any other cause. It can be minimized by the careful selection of those materials that are most resistant to corrosion under operating conditions. Since thousands of different materials are already known and many more are developed every year, here the selection methodology developed by Prof. Ashby of the University of Cambridge was used to evaluate the performance of different materials to be used as MSWI superheater tubes. The proposed materials can operate at steam pressures and temperatures over 40 bars and 400ºC, respectively. Two case studies are presented: one makes a balanced selection between mechanical properties and cost per thermal unit; and the other focuses on increasing tube lifetime. The balanced selection showed that AISI 410 martensitic stainless steel (wrought, hard tempered) is the best candidate with a good combination of corrosion resistance, a relatively low price (0.83-0.92 e/kg) and a good thermal conductivity (23-27 W/m K). Meanwhile, Nitronic 50/XM-19 stainless steel is the most promising candidate for longterm selection, as it presents high corrosion resistance with a relatively low price (4.86-5.14 e/kg) compared to Ni-alloys.

Welfare loss with municipal amalgamations and the willingness-to-pay for the municipality name

Functional advantages and drawbacks are commonly mentioned to rationally justify or condemn municipality amalgamations. However, many consolidation projects are resisted by local governments or citizens on the grounds that amalgamation would dampen local identity. A municipality's name change is probably the most visible sign of the loss of community bond experienced by citizens at amalgamation time. This article aims to put a value on this loss by measuring citizen willingness to pay for their city name. This methodological approach innovates upon the literature on municipal amalgamation and place branding by exploiting the versatility of the so-called contingent valuation method (CVM). CVM confronts respondents, in a survey setting, with a hypothetical market in which a characteristic of interest is exchanged. Here the characteristic is the possibility to retain one's city name for an amalgamated jurisdiction. The article presents the estimates provided by a survey conducted in four Swiss cities.

Treatment of micropollutants in municipal wastewater: study of a sequential batch biofilter

All the experimental part of this final project was done at Laboratoire de Biotechnologie Environnementale (LBE) from the École Polytechnique Fédérale de Lausanne (EPFL), Switzerland, during 6 months (November 2013- May 2014). A fungal biofilter composed of woodchips was designed in order to remove micropollutants from the effluents of waste water treatment plants. Two fungi were tested: Pleurotus ostreatus and Trametes versicolor in order to evaluate their efficiency for the removal of two micropollutants: the anti-inflammatory drug naproxen and the antibiotic sulfamethoxazole,. Although Trametes versicolor was able to degrade quickly naproxen, this fungus was not any more active after one week of operation in the filter. Pleurotus ostreatus was, on contrary, able to survive more than 3 months in the filter, showing good removal efficiencies of naproxen and sulfamethoxazole during all this period, in tap water but also in real treated municipal wastewater. Several other experiments have provided insight on the removal mechanisms of these micropollutants in the fungal biofilter (degradation and adsorption) and also allowed to model the removal trend. Fungal treatment with Pleurotus ostreatus grown on wood substrates appeared to be a promising solution to improve micropollutants removal in wastewater.

Motivacions i barreres en la població de Canovelles de 65 a 84 anys al Complex Esportiu Municipal Thalassa

El present estudi s’emmarca en una investigació centrada en les persones grans de 65 a 84 anys del municipi de Canovelles. L’objectiu d’aquesta recerca és conèixer les principals motivacions i barreres d’aquest col·lectiu a l’hora d’anar al Complex Esportiu Municipal – Thalassa. Lligat amb els objectius marcats, la finalitat és relacionar els resultats amb possibles propostes de millora, per tal de minimitzar les barreres i potenciar les motivacions. Per obtenir els resultats s’ha passat un qüestionari a 40 persones demanant les raons per les quals van o no al complex. Un cop analitzats podem extreure, a tall de conclusions, que la principal motivació va relacionada amb temes de salut i la principal barrera amb temes econòmic, el cost mensual de la instal·lació per un abonat.

Projecte d’una nau destinada a la conservació i comercialització de fruita de 12t/dia de capacitat, situada al terme municipal de Serra de Daró

El projecte té com a objectiu la construcció d’una nau destinada a laconservació i comercialització de fruita, en concret poma de diferents varietats(Golden, RedDelicious, Royal Gala, Granny Smith i Fuji) amb tota la maquinària i les instal•lacionsnecessàries per a un correcte tractament, conservació, classificació i comercialització de lafruita.Es construirà un edifici de 3.005 m² dels quals 1.020 m² seran per al desenvolupamentdel procés productiu, 1.700 m² seran per a les cambres de conservació, i 285 m² seran perals locals de personal, oficines i sales tècniques. La parcel•la on s'ubicarà la nau industrial es troba ubicada en una zona industrial alquilòmetre 5,7 de la carretera GI-653, és propietat del promotor, té una superfície d'11.400m² i disposa de tots els serveis necessaris per exercir l'activitat