Avaliando os impactos microeconômicos das fusões e aquisições nas indústrias de energia no mundo: uma análise para a década de 90

Microeconomic impacts of the mergers and acquisitions of energy industries in the World: an analysis for the 1990's. The energy industries have witnessed a significant growth of global mergers and acquisitions (M&A´s) process in the 1990´s. According to Unctad statistics, the total amount of global M&A deals (domestic and cross borders) on the electric, oil and gas sectors has recorded US$ 329 billions on the 1990-1999 period. The present paper sheds light on M&A process occurred on the energy industries during this period and, based on a sample of 248 transactions carried out by 18 big energy enterprises, develops an empirical microeconomic analysis about the impacts of these transactions over the performance of the firms involved. Overall, the results show significant improvements on the firms' performance after M&A operations, regarding the following variables: sales, net profits, assets, dividends, and, to a less extent, the ratio (net profits/sales).

Torricelli, energia a vapor e o sentido tecnológico da Revolução Científica

Starting from Evangelista Torricelli's pneumatic discoveries, we try to show that the crucial discoveries in pure science associated with the Scientific Revolution, although they may not have found immediate practical applications, have markedly impelled technological progress in the medium term - contrary to the diffused notion which states that the links between science and technology during the modern period have been tenuous, at best. Torricelli's ideas have turned into one of the privileged research areas for then newborn experimental program, actively participating in a process of reformulation in scientific research's epistemological base, which have culminated in steam power productive application.

Dernier volume du ms. original de l'histoire d'Orderic Vital.

Acquis le 1er décembre 1847 de la ville d'Alençon, pour le prix de 1500 francs; cf. B.n.F., département des Manuscrits, registre des acquisitions 1833-1848, n° 4593; — a appartenu à l'abbaye de Saint-Évroul (dioc. de Lisieux); cf. Delisle, Cab. des mss., II, 294 et 405. Ancienne cote "125".

Aplicación del OPH-03 en el uso eficiente de la energia eléctrica

UANL