Strategic choices and performance – an empirical analysis of largest European and North American energy companies

Energy industry has gone through major changes globally in past two decades. Liberalization of energy markets has led companies to integrate both vertically and horizontally. Growing concern on sustainable development and aims to decrease greenhouse gases in future will increase the portion of renewable energy in total energy production. Purpose of this study was to analyze using statistical methods, what impacts different strategic choices has on biggest European and North American energy companies’ performance. Results show that vertical integration, horizontal integration and use of renewable energy in production had the most impact on profitability. Increase in level of vertical integration decreased companies’ profitability, while increase in horizontal integration improved companies’ profitability. Companies that used renewable energy in production were less profitable than companies not using renewable energy.

Economic analysis of international supply chains: an internalization perspective

Offshoring and outsourcing in global value chains have been extensively analyzed from a strategic management perspective (Gereffi & Li, 2012; Gereffi, Humphrey & Sturgeon, 2005; Mudambi & Venzin, 2010). This paper examines these issues from an internalization theory perspective by summarizing the contribution of internalization theory to supply chain analysis; considering how a division of labor is coordinated and comparing coordination by management with coordination by the market; and discussing the formal models of supply chains developed by economists. Supply chain researchers possessing an interest in economic principles and good mathematical skills can make an important contribution to internalization theory, and it is hoped that this paper will encourage them to do so.

A PRELIMINARY ANALYSIS OF THE ENERGY TRANSFER BETWEEN THE DARK SECTORS OF THE UNIVERSE

We study the mutual interaction between the dark sectors (dark matter and dark energy) of the Universe by resorting to the extended thermodynamics of irreversible processes and constrain the former with supernova type Ia data. As a by-product, the present dark matter temperature results are not extremely small and can meet the independent estimate of the temperature of the gas of sterile neutrinos.

An analysis of quit and dismissal determinants between 1988 and 1999 using the bivariate probit model

Excessive labor turnover may be considered, to a great extent, an undesirable feature of a given economy. This follows from considerations such as underinvestment in human capital by firms. Understanding the determinants and the evolution of turnover in a particular labor market is therefore of paramount importance, including policy considerations. The present paper proposes an econometric analysis of turnover in the Brazilian labor market, based on a partial observability bivariate probit model. This model considers the interdependence of decisions taken by workers and firms, helping to elucidate the causes that lead each of them to end an employment relationship. The Employment and Unemployment Survey (PED) conducted by the State System of Data Analysis (SEADE) and by the Inter-Union Department of Statistics and Socioeconomic Studies (DIEESE) provides data at the individual worker level, allowing for the estimation of the joint probabilities of decisions to quit or stay on the job on the worker’s side, and to maintain or fire the employee on the firm’s side, during a given time period. The estimated parameters relate these estimated probabilities to the characteristics of workers, job contracts, and to the potential macroeconomic determinants in different time periods. The results confirm the theoretical prediction that the probability of termination of an employment relationship tends to be smaller as the worker acquires specific skills. The results also show that the establishment of a formal employment relationship reduces the probability of a quit decision by the worker, and also the firm’s firing decision in non-industrial sectors. With regard to the evolution of quit probability over time, the results show that an increase in the unemployment rate inhibits quitting, although this tends to wane as the unemployment rate rises.

Industry analysis of the high frequency trading industry : an assessment of the industry boundaries, environment and strategic options

O Mercado Acionário Americano evoluiu rapidamente na última década. Este tornou-se uma arquitetura aberta em que participantes com tecnologia inovadora podem competir de forma eficaz. Várias mudanças regulatórias e inovações tecnológicas permitiram mudanças profundas na estrutura do mercado. Essas mudanças, junto com o desenvolvimento tecnológico de redes de alta velocidade, agiu como um catalisador, dando origem a uma nova forma de negociação, denominada Negociação em Alta Frequência (HFT). As empresas de HFT surgiram e se apropriaram em larga escala do negócio de formação de mercado, no fornecimento de liquidez. Embora HFT tem crescido massivamente, ao longo dos últimos quatro anos, HFT perdeu rentabilidade significativamente, uma vez que mais empresas aderiram ao setor reduzindo as margens. Portanto, diante deste contexto, esta tese buscou apresentar uma breve revisão sobre a atividade de HFT, seguida de uma análise dos limites deste setor, bem como, das características do macroambiente do HFT. Para tanto, a tese realizou uma extensa revisão do histórico literário, documentos públicos qualitativos, tais como, jornais, atas de reunião e relatórios oficiais. A tese empregou um ferramental de análise, Barreiras de Entrada e Mobilidade (Porter, 1980); Modelos de Evolução Setorial (McGahan, 2004); Estrutura do Setor de Informação Intensiva (Sampler, 1998), para analisar os limites do setor de HFT. Adicionalmente, empregou as ferramentas de análise, Modelos de Evolução Setorial (McGahan, 2004) e PESTEL (JOHNSON, SCHOLES, and WHITTINGTON, 2011), para analisar o setor e o contexto que envolve o negócio de HFT. A análise concluiu que as empresas que empregam HFT para atuar e competir no mercado acionário, compoem um setor independente.

América Latina: análisis de problemas sociales relativos a la mujer en diversos sectores = Latin America: analysis of the social problems affecting women in various sectors

Incluye Bibliografía

Analysis of fish assemblages in sectors along a salinity gradient based on species, families and functional groups

Neste trabalho foi testado o efeito do gradiente de salinidade do eixo-leste oeste do sistema subtropical Complexo Estuarino da Baía de Paranaguá na estrutura dos peixes de águas rasas, determinado de acordo com as métricas taxonômica (famílias e espécies) e de composição funcional. Um total de 152 espécies foi registrado. As famílias com maior número de espécies foram Sciaenidae, Carangidae, Haemulidae e Gobiidae. As espécies mais abundantes foram A. brasiliensis, H. clupeola, A. januaria e A. tricolor. Os visitantes marinhos dominaram em número de espécies, seguidos pelos migrantes marinhos e estuarinos. A maioria das espécies são zoobentívoras, seguidas pelas piscívoras e zooplanctívoras. As famílias e espécies mais relacionadas com condições estuarinas dominaram no setor mesohalino e aquelas mais relacionadas com condições marinhas dominaram no setor euhalino. A métrica taxonômica foi mais eficiente na caracterização das assembleias de peixes ao longo do gradiente estuarino de salinidade do que a funcional. Isso ocorreu principalmente porque indivíduos de todos os grupos funcionais estiveram presentes ao longo de todos os setores de salinidade, invalidando o emprego dessa métrica na diferenciação das assembleias nos diversos setores. Nosso resultado foi diferente do encontrado em outros estuários tropicais e subtropicais, que enfatizaram a importância dos grupos funcionais na estruturação das assembleias de peixes ao longo de um gradiente de salinidade.

Analysis of the interplay between knowledge and performance management in industrial clusters

The concept of industrial clustering has been studied in-depth by policy makers and researchers from many fields, mainly due to the competitive advantages it may bring to regional economies. Companies often take part in collaborative initiatives with local partners while also taking advantage of knowledge spillovers to benefit from locating in a cluster. Thus, Knowledge Management (KM) and Performance Management (PM) have become relevant topics for policy makers and cluster associations when undertaking collaborative initiatives. Taking this into account, this paper aims to explore the interplay between both topics using a case study conducted in a collaborative network formed within a cluster. The results show that KM should be acknowledged as a formal area of cluster management so that PM practices can support knowledge-oriented initiatives and therefore make better use of the new knowledge created. Furthermore, tacit and explicit knowledge resulting from PM practices needs to be stored and disseminated throughout the cluster as a way of improving managerial practices and regional strategic direction. Knowledge Management Research & Practice (2012) 10, 368-379. doi:10.1057/kmrp.2012.23

Smart cities, analysis of a strategic plan.

Abstract (English) Cities nowadays face complex challenges to meet objectives regarding socio-economic development and quality of life. The concept of "smart city" is a response to these challenges. Although common practices are being developed all over the world, different priorities are defined and different architectures are followed. In this master thesis I focuses on the applied architecture of Riverside's case study, through a progression model that underline the main steps that moves the city from a situation of crisis, to be appointed "Intelligent Community" of the 2012 by Intelligent Community Forum. I discuss the problem of integration among the physical, institutional and digital dimension of smart cities and the "bridges" that connect these three spatialities. Riverside's progression model takes as a reference a comprehensive framework made unifying the keys component of the three most quoted framework in this field: a technology-oriented vision (strongly promoted by IBM [Dirks et al. 2009]), an approach-oriented one [Schaffers et al. 2011] that is sponsored by many initiatives within the European Commission, and a purely service-oriented one [Giffinger et al. 2007][Toppeta, 2010].

Analysis of the zone connecting consecutive sectors in distillation columns by the Ponchon-Savarit method

McCabe-Thiele and Ponchon-Savarit methods are two classical graphical methods for the design of binary distillation columns very useful for didactical purposes and for preliminary calculations. Nevertheless, their description in the literature is not complete and not all the cases are analysed. To complete the academic literature dealing with this subject we have generalized equations for the operating lines or DP that define the change between two consecutive sectors ΔkC for any feed condition, together with the different possibilities to extract products or to add or remove heat. A consistent analysis of what may happen when changing between sectors in the column is presented.