Can company-fund manager meetings convey informational benefits? Exploring the rationalisation of equity investment decision making by UK fund managers

Conventional economic theory, applied to information released by listed companies, equates ‘useful’ with ‘price-sensitive’. Stock exchange rules accordingly prohibit the selec- tive, private communication of price-sensitive information. Yet, even in the absence of such communication, UK equity fund managers routinely meet privately with the senior execu- tives of the companies in which they invest. Moreover, they consider these brief, formal and formulaic meetings to be their most important sources of investment information. In this paper we ask how that can be. Drawing on interview and observation data with fund managers and CFOs, we find evidence for three, non-mutually exclusive explanations: that the characterisation of information in conventional economic theory is too restricted, that fund managers fail to act with the rationality that conventional economic theory assumes, and/or that the primary value of the meetings for fund managers is not related to their investment decision making but to the claims of superior knowledge made to clients in marketing their active fund management expertise. Our findings suggest a disconnect between economic theory and economic policy based on that theory, as well as a corre- sponding limitation in research studies that test information-usefulness by assuming it to be synonymous with price-sensitivity. We draw implications for further research into the role of tacit knowledge in equity investment decision-making, and also into the effects of the principal–agent relationship between fund managers and their clients.

Enforcing service level agreements using an economically enhanced resource manager

Traditional resource management has had as its main objective the optimisation of throughput, based on parameters such as CPU, memory, and network bandwidth. With the appearance of Grid Markets, new variables that determine economic expenditure, benefit and opportunity must be taken into account. The SORMA project aims to allow resource owners and consumers to exploit market mechanisms to sell and buy resources across the Grid. SORMA’s motivation is to achieve efficient resource utilisation by maximising revenue for resource providers, and minimising the cost of resource consumption within a market environment. An overriding factor in Grid markets is the need to ensure that desired Quality of Service levels meet the expectations of market participants. This paper explains the proposed use of an Economically Enhanced Resource Manager (EERM) for resource provisioning based on economic models. In particular, this paper describes techniques used by the EERM to support revenue maximisation across multiple Service Level Agreements.

Enforcing service level agreements using an economically enhanced resource manager

Traditional resource management has had as its main objective the optimisation of throughput, based on pa- rameters such as CPU, memory, and network bandwidth. With the appearance of Grid Markets, new variables that determine economic expenditure, benefit and opportunity must be taken into account. The SORMA project aims to allow resource owners and consumers to exploit market mechanisms to sell and buy resources across the Grid. SORMA’s motivation is to achieve efficient resource utilisation by maximising revenue for resource providers, and minimising the cost of resource consumption within a market environment. An overriding factor in Grid markets is the need to ensure that desired Quality of Service levels meet the expectations of market participants. This paper explains the proposed use of an Economically Enhanced Resource Manager (EERM) for resource provisioning based on economic models. In particular, this paper describes techniques used by the EERM to support revenue maximisation across multiple Service Level Agreements.

Manager's task to support integrated autonomy at the workplace : Results from an intervention

A new managerial task arises in today’s working life: to provide conditions for and influence interaction between actors and thus to enable the emergence of organizing structure in tune with a changing environment. We call this the enabling managerial task. The goal of this paper is to study whether training first line managers in the enabling managerial task could lead to changes in the work for the subordinates. This paper presents results from questionnaires answered by the subordinates of the managers before and after the training. The training was organized as a learning network and consisted of eight workshops carried out over a period of one year (September 2009–June 2010), where the managers met with each other and the researchers once a month. Each workshop consisted of three parts, during three and a half hours. The first hour was devoted to joint reflection on a task that had been undertaken since the last workshop; some results were presented from the employee pre-assessments, followed by relevant theory and illuminating practices, finally the managers created new tasks for themselves to undertake during the following month. The subordinates’ answers show positive change in all of the seventeen scales used to assess it. The improvements are significant in scales measuring the relationship between the manager and the employees, as well as in those measuring interaction between employees. It is concluded that the result was a success for all managers that had the possibility of using the training in their management work.

The Profile of a Manager in Higher Education Institution in Latin America: The Case of the EBAPE

The aim of this study is to analyze the profile of today’s manager, according to the classical management literature, working on internationalized higher education institute. This paper draws together knowledge about the manager’s profile in a corporate environment and how it can be appreciated in a higher education institute all of this taking into consideration the environment that nowadays exists in these institutions. Data were collected through semi-structured interviews, with professors of the Fundacao Getulio Vargas, more specific on their Public and Business Administration School (EBAPE), which had active roles on its development, internationalization and during some point in time their management. The findings obtained where analyzed under the perspective brought by the theoretical reference framework, and, based on this approach is represented the manager whom could have a better perspective to administrate a higher education institute.

WISE-MANager: criação e gestão de sessões colaborativas em redes de sensores sem fio

As redes de sensores sem fios (WSN- WSN-Wireless Sensor Network) utilizam um grande número de dispositivos sem fios (sensores), que são de baixo custo e equipados com interfaces wireless. Utilizam um conjunto de sensores autónomos que colaboram entre si para efectuar a monitorização das condições ambientais, tais como: temperatura, oxigénio, luz, humidade, pressão, gases poluentes, entre outras. Estas redes podem operar durante largos períodos de tempo, sem intervenção humana, sendo que esse tempo depende do nível de bateria desses nós. De modo a que os gestores de um Museu possam gerir de forma mais adequada as obras de arte e arquivos históricos, surge o projecto WISE-MUSE – Environmental Monitoring based on Wireless Sensor Networks, que permite implementar soluções para a monitorização museológica, com a utilização de redes de sensores sem fios. Actualmente, a colaboração entre o utilizador e a WSN é muito ténue, sendo que apenas existe colaboração entre os nós sensores. De forma a aumentar esta colaboração, e no âmbito do projecto WISE-MUSE surge o CWSN – Collaborative Wireless Sensor Network Model, que define um modelo de colaboração na rede de sensores sem fios, permitindo a utilização de sessões colaborativas para a monitorização da rede. Com o intuito de obter o máximo rendimento da rede, é necessário definir qual o deployment a utilizar. O tipo de deployment de uma WSN é a forma como os nós são distribuídos pela rede. Em zonas longínquas, ou de difícil acesso, os nós são colocados de forma aleatória, por exemplo, caiem de um avião. Nos locais de fácil acesso, podem ser colocados no local exacto. Portanto, este projecto de Mestrado de Engenharia Informática apresenta duas contribuições principais: (i) um estudo de propagação no Museu da Baleia; e; (ii) o WISE-MANager, um sistema de gestão de sessões colaborativas. De forma a definir qual o deployment da rede a instalar no Museu da Baleia, será apresentado um estudo de propagação do sinal empírico, que determinou a melhor posição física dos nós, para que a rede tenha uma boa performance. O sistema WISE-MANager permite a criação, monitorização e gestão de sessões colaborativas numa WSN baseada no protocolo Zigbee. O intuito da utilização de sessões colaborativas é proporcionar uma melhor interacção entre o utilizador e a WSN, visto que o utilizador pode personalizar o tipo de monitorização a efectuar (por nó sensor, por fenómeno ou por intervalo de tempo), e interrogar à rede e aos seus componentes, aumentando assim a flexibilidade da WSN.A gestão de redes de sensores sem fios é muito importante para que o utilizador tenha controlo sobre a mesma ao saber quais os dispositivos da rede, assim como o seu nível de energia. Por tanto, através de WISE-MANager, os gestores do Museu serão capazes de analisar a rede, detectar eventuais problemas e obter parâmetros específicos.

Gestão pública em saúde mental: um estudo em CAPS com gerência pública e privada do Rio Grande Do Norte

Currently, several models of management services from the public administration are in operation in Brazil following a global trend. Besides the traditional public management operated in SUS, there are ongoing experiments of privately management in the public health services. Accordingly, we have developed an investigation into two Psychosocial Care Centers operating between these two forms of financial resources management: the first is the CAPS II - PAR situated in the municipality of Parnamirim whose form is private and the second is the CAPS II West Christmas is that the municipal government. We seek to know the workings of services, planning forms and criteria for use of financial resources, identify differences between departments on ways to run and see how technicians and users participate in the planning and management of these resources. Documentary Research was conducted by the municipal Christmas and the financial administration of the CAPS service in Parnamirim. Were conducted an interview with manager (mental health coordinator of Natal) and another interview with an employee of planning department in the Health Department of Natal, an interview with the coordinator and financial administrator of CAPS - PAR and two groups of discussion taped conversation with semi structured script interviews with six technicians in CAPS PAR and six professionals crowded in CAPS - West.Differences were observed in the management of resources funded from four blocks of discussion and analysis of results, where the privately-run service for the direct management and bureaucracy without being discussed and planned spending on staff, as well as through meetings with users, the use of the financial resources available in box; already in service with municipal public administration there is a hierarchy, this answering the coordination of mental health and the local health department that centralizes resources and defines their spending. There are meetings with patients and families, but the demands are limited as to what can be sued because of the manager s authorization. Such differentiation would be related to differences in the articulation of public management with the different types of possible management in public services, where from the implementation of new public administration in the Brazilian s State Management Reform initiated in the second half of the 1990s, benefit management services with private regime, with autonomy and direct transfer of resources

Un acercamiento del "Titulado Arquitecto" en España, al ejercicio profesional del project manager en Europa

Programa de doctorado: Restauración y rehabilitación arquitetónica. Investigación, tendencias e innovaciones. La fecha de publicación es la fecha de lectura

Studio e sviluppo di un'applicazione mobile per iOS nell'ambito della BI: un task manager per SAP Business Planning and Consolidation

La tesi riguarda lo sviluppo di un'applicazione che estende la possibilità di effettuare i caricamenti dei package di SAP BPC ai dispositivi mobile, fino ad ora questo era possibile solo attraverso l'interfaccia di Microsoft Excel.

Workout Manager Android App

L’obiettivo di questa tesi è quello di progettare e sviluppare un'applicazione Android inerente alle palestre. In particolare l'utente finale dovrà essere in grado di poter scaricare i propri allenamenti da un server SQL remoto e visualizzarli con un layout grafico che ne ricordi la struttura di un allenamento cartaceo (con l’utilizzo quindi di schede, esercizi, serie, ripetizioni,...). Attraverso una procedura guidata, l’applicazione dovrà seguire l’utente durante il suo allenamento e registrarne i progressi. Questi ultimi dovranno essere memorizzati permanentemente e visualizzati attraverso dei grafici.