Board independence and innovation

Legislation introduced in the U.S. in 2002/2003 significantly changed board composition of public firms by imposing a 50% independent directors’ ratio. Research on the effect of independent directors is not consensual, implying that this exogenous shock is a unique opportunity to study their importance. This study answers the question of whether or not independent directors can effectively mitigate agency conflicts between shareholders and the management, having a positive impact on the choice of successful R&D projects. We find that an increase of board independence has a positive impact on patent counts. Hence, the results support that independent directors truly spur innovation and risk taking.

Almirante: Evaluating the board game: Board game, startup, discounted cash flow, venture capital method, real options

This thesis evaluates a start-up company (Jogos Almirante Lda) whose single asset is a board game named Almirante. It aims to conclude whether it makes sense to create a company or just earn copyrights. The thesis analyzes the board game’s market, as part of the general toy’s market, from which some data exists: European countries as well as the USA. In this work it is analyzed the several ways to finance a start-up company and then present an overview of the valuation of the Jogos Almirante based on three different methods: Discounted Cash Flow, Venture Capital Method and Real Options.

The impact of the Board of Director's composition on companies performance

The impact of the Board of Directors’ composition on companies’ performance This paper studies the impact that the board of directors’ composition has on companies’ performance in the Italian market. The research has been carried out by using a sample of 10 Italian companies, across different market sectors, over a period of 10 years (2005-2014). The characteristics of the BoD taken into consideration are the following: board size, board diversity (% of female directors), board independence and CEO duality. Results from the sample data collected concluded that these factors have a statistically significant impact on the performance of the companies that have been analysed.

Conselho de Resolução de Litígios

The scope of the following study is to present an alternative and preventive dispute resolution method known as Dispute Resolution Board. The Dispute Resolution Board mechanism is included in construction contracts to support project participants in avoiding and resolving disputes. Over the years the construction industry dealt with the resolution of claims and disputes through several methods. One of the most successful and lasting is the Dispute Resolution Board. A Dispute Resolution Board is a board of impartial professionals formed at the start of the project to follow construction progress, prevent arising disputes, and assist in the resolution of disputes during the project. When a dispute arises the Board meets with the parties to settle this dispute. The recommendation of this Board is non-binding for the parties. In Portugal there is no experience with this form of conciliation.

On-board electric vehicle battery charger with enhanced V2H operation mode

This paper proposes an on-board Electric Vehicle (EV) battery charger with enhanced Vehicle-to-Home (V2H) operation mode. For such purpose was adapted an on-board bidirectional battery charger prototype to allow the Grid-to-Vehicle (G2V), Vehicle-to-Grid (V2G) and V2H operation modes. Along the paper are presented the hardware topology and the control algorithms of this battery charger. The idea underlying to this paper is the operation of the on-board bidirectional battery charger as an energy backup system when occurs a power outages. For detecting the power outage were compared two strategies, one based on the half-cycle rms calculation of the power grid voltage, and another in the determination of the rms value based in a Kalman filter. The experimental results were obtained considering the on-board EV battery charger under the G2V, V2G, and V2H operation modes. The results show that the power outage detection is faster using a Kalman filter, up to 90% than the other strategy. This also enables a faster transition between operation modes when a power outage occurs.

Desarrollo de tableros aglomerados compactos de cáscara de maní. Peanuts husks compact board development

El presente proyecto de investigación solicitado es continuacion de una línea de trabajo con insumos de desecho agroindustrial regional en la provincia de Cordoba. Prevé aportes que contribuyan a la sustentabilidad económica y social, y ambiental. Se trata de aportar valor agregado a importantes cantidades residuales de cascaras de mani. Además promueve la produccion de materiales y componentes de construcción de viviendas saludables y accesibles para sectores con necesidades sociohabitacionales.El deshecho de cáscara de maní constituye hoy en la provincia de Córdoba, un recurso sobre abundante no aprovechado en la escala en que se dispone. Existen desarrollos para su aprovechamiento - camadas de aves, alimento de ganado, carbon activado- , que no alcanzan a consumir las enormes cantidades de cascaras que se disponen hoy: alrededor de 250 000 Tn/ año. (La produccion anual de mani en caja en la provincia de Cordoba es estimada en 700.000 Tn/año)A partir de los resultados ya obtenidos con paneles livianos termoaislantes, utilizados en cielorrasos y tabiques divisorios, el nuevo trabajo de investigación y desarrollo se propone avanzar sobre las condiciones de produccion de tableros compactos, similares a los producidos comercialmente con residuos de la industria de la madera. Se estudiaran y experimentaran las propiedades de uso de resinas poliester, ureaformaldehido y fenolformaldehido, bajo condiciones de alta presion y temperatura. En la primera etapa (1º año) buscamos obtener nuevos materiales en escala de probetas.En una etapa siguiente (2º año), los nuevos materiales obtenidos serán aplicados al diseño de componentes de vivienda. Se estudiarán las posibilidades alternativas de empleo en relación a los parámetros de evaluación : peso, resistencia mecánica, aislación térmica, resistencia a la humedad, y al envejecimiento acelerado.En la última etapa (3º año) los resultados obtenidos serán aplicados en modelos de escala real y/o prototipos demostrativos para evaluar su puesta en servicio.

Report of the State board of agriculture on the work of extermination of the gypsy moth.

1898:Jan.

Report of the State board of agriculture on the work of extermination of the gypsy moth.

1897:Jan.

Report of the Director to the Board of Trustees for the year ... / Chicago Natural History Museum.

1958

Report of the Director to the Board of Trustees for the year ... / Chicago Natural History Museum.

1959

Annual report of the Director to the Board of Trustees for the year ... / Field Museum of Natural History

12, no. 1

Annual report of the Director to the Board of Trustees for the year ... / Field Museum of Natural History

12, no. 3

Annual report of the National Science Board.

7th ed.

Annual report of the National Science Board.

5th ed.