本研究旨在探討管理當局自願性盈餘預測與權益資金成本之關聯性，檢視管理當局發布盈餘預測頻率之影響是否反應於權益資金成本上，並進一步檢視管理當局之聲譽是否為影響權益資金成本的因素之一。 在本研究的實證分析結果中，發現管理當局發布自願性盈餘預測之頻率與權益資金成本呈顯著負相關，表示管理當局發布盈餘預測的次數越多時，權益資金成本越低。 在管理當局聲譽對於權益資金成本的影響，本研究實證分析結果發現，管理當局之聲譽與權益資金成本亦呈顯著負相關，管理當局聲譽以管理當局預測誤差和分析師預測誤差來衡量，當管理當局的盈餘預測誤差小於分析師盈餘預測誤差時，投資人認為管理當局對盈餘的預測有效且值得信賴，此時管理當局聲譽提高，投資人認為取得有用的資訊，進而降低企業權益資金成本。 / The primary objective of this thesis is to explore whether the frequency of management forecasts is related to the cost of equity capital. In addition, I further examine whether the association is stronger when management has better reputation. Basing on a sample of S&P 500 listed firms during 2000-2009, I find that, consistent with my prediction, cost of firm’s equity capital decreases with the frequency of management earning forecasts after controlling for other determinants well-documented to be related to cost of equity capital. Second, I find that cost of equity capital is negatively related to the reputation of management; however, I do not find that the association between cost of equity capital and the frequency of management systematically vary with the reputation of management.

This is an explication of Lacan’s Seminar XVII. The introduction situates the Seminar in its time and in relation to other theories of discourse. In part one I examine the changes which it brings to a variety of ideas already known in Lacan’s oeuvre such as Jouissance, Master Signifier(s) and Oedipus. Part two looks the four discourses in detail after considering the positions common to each. I provide accounts of each discourse as taking place internally to a subject and between subjects. The coda examines areas where further research is possible, reviews and critiques some scholarship on this seminar and inquires into the use value of the discourse theory, both generally and as a means of getting beyond Lacan.

Forskningen kring effektiva marknader är uppdelad; ena sidan påstår att marknaden är fullständigt effektiv och det inte går att skapa någon form av överavkastning. Andra sidan hävdar tvärtemot att endast historisk information reflekteras i dagens priser. På kort sikt kan det finns en viss ineffektivitet och de flesta erkänner att marknaden innehåller anomalier Syftet med denna studie är att undersöka om det existerar systematiska fel beträffande informationsflöden som pekar mot att den svenska aktiemarknaden inte är av semi-stark form eller stark form av effektivitet Vi utgår från tre metodologiska ställningstaganden; utgångspunkt, forskningsansats samt kunskapssyn. En deduktivt kvantitativ metod tillämpas och vi applicerar metoden för event study. Vi finner stöd för att det finns systematiska fel i marknaden beträffande informationsflöden i form av aktierekommendationer. Resultaten antyder att den svenska aktiemarknaden inte är av starkt effektiv form och i ett fall av fyra finner vi att den inte heller besitter semi-stark form. / Research concerning efficient markets are divided into two camps; the one hand, claims that the market is fully efficient and it is not possible to create any kind of excess returns. The other side argues the contrary that only historical information are reflected in today’s prices. Short term, there is some inefficiency and most recognize that the market contain anomalies The purpose is to investigate whether there exist indications regarding flows of information to the Swedish stock market suggesting a semi-strong form or strong form of efficiency. We start from three methodological statements; starting point, the research approach and epistemological beliefs. A deductive quantitative methodology is used, and we apply the method of event study. We find evidence for the existence of systematic errors in the market in terms of flows of information in the form of stock recommendations. The results suggest that the Swedish stock market is not of the strong efficient form and in one case out of four, we find that it does not possess the semi-strong form.

One approach to dealing with complexity in a public policy context is horizontality, the act of working across the various ministries and divisions of a government in order to harness the organization’s capacity and resources and direct them towards the addressing of complex problems. And one prominent mechanism for promoting horizontality is greater organization-wide collaboration, knowledge sharing and active knowledge seeking amongst a network of government knowledge workers commonly referred to as policy analysts. The emergent use of Web 2.0 tools and approaches within organizations has raised the possibility that we have entered a new knowledge era - Enterprise 2.0 - that can address the horizontality problem, facilitate the sharing of knowledge between policy analysts and across organizations, and promote transformative governance. This research investigated how policy formulation processes in the government of the Canadian province of British Columbia are being affected by the adoption of Web 2.0 tools internally within the organization as a way to facilitate knowledge sharing and collaboration amongst government policy analysts. Semi-structured interviews with members of corporate policy units in the Government of British Columbia were conducted (n = 14), and an on-line questionnaire was completed by Government of British Columbia policy analysts (n = 129). These mixed methods form the basis for a triangulation approach to assessing the research questions. Respondents conceptualized policy analysis as rooted in an apolitical synthesis of evidence and best practices from a variety of sources, leading to a recommendation designed to support decision-making. The diversity and reach of the policy analyst’s organizational social network is related to their length of service in the organization and is an important supplement to the analyst’s knowledge base. There was little evidence that technology networks generally, and Web 2.0 tools specifically, play a prominent role in facilitating the knowledge organization; in fact, policy analysts may refrain from sharing knowledge with colleagues using technology networks in order to avoid contributing to their colleagues' information overload. Following the Theory of Planned Behavior (Ajzen, 1991), attitudes, followed by subjective norms, were the strongest and most consistent predictors of the policy analyst’s intention to collaborate and share knowledge with their colleagues. Perceived behavioural control was not a factor, leading to the possibility that while policy analysts may believe and be told that knowledge sharing and collaboration are advantageous, they may not feel they have the authority, latitude or ability to do so. A significant gender result was consistently revealed, that women were found to be less supportive of knowledge sharing and collaboration than men, a result possibly due to a culture dominated by masculine characteristics. The findings have implications for public sector organizations seeking to provide support for knowledge workers to make effective use of the organizational social network, new collaboration technologies and organizational capacity to address complex public policy problems. Interested readers should consult http://jlphdcand.wordpress.com for updated versions of this research, and related work. / Graduate

本研究以研究發展費用作為專利的投入變數，以專利數作為專利的產出數量變數，以平均專利範圍及平均專利發明人數作為專利的產出品質變數，使用長期間與大範圍的台灣樣本來探討專利資訊與企業財務績效之關連性，並透過專利資訊的使用者-分析師的觀點來判別哪些專利資訊是資訊使用者眼中的攸關資訊。研究結果發現大量的專利並不會對企業未來盈餘有明顯助益，擁有高品質的專利才是對企業未來盈餘有所助益的關鍵因素，研究結果亦發現分析師在進行盈餘預測時，並未適當的利用專利產出品質與專利產出數量資訊，且這些未經適當利用的專利資訊會增加盈餘預測誤差。故本研究建議資訊揭露相關準則及法規可針對專利資訊給予更完整、更透明的揭露。 / Patent’s value is hard to accurately identify under current generally accepted accounting principles. This paper uses firms in the Taiwan Stock Exchange to investigate the association of firm’s patents, future financial performance and the information used in analysts’ earnings forecasts. The patents were measured by the proxies of R&D expenditures, granted patents, patent claims and the number of patent inventors. The evidences show that possessing a large number of patents does not help future financial performance, but granting high quality patents does. The evidences also show that analysts do not appropriately use the information provided by patents, and this truly causes analysts’ forecast errors. Therefore, I suggest giving patents clearer and more complete disclosure, so that investors can obtain more value-relevant information.

La recherche explore la pratique des premiers entretiens dans deux contextes culturels, à travers la façon dont l’analyste témoigne de son cheminement intérieur. Les données émanent de l’analyse qualitative thématique de contenu de 15 entretiens de recherche, réalisés auprès de psychothérapeutes psychanalytiques et de psychanalystes, de 3 à 37 ans d’expérience clinique, en France et au Québec. Au vu des résultats, le cheminement intérieur de l’analyste s’organiserait selon une trame d’écoute préétablie, dont le niveau d’explicitation varierait avec l’expérience clinique. L’élaboration, à la fois secondarisée et intuitive, s’appuierait sur le matériel clinique présent et absent, la théorie et l’expérience clinique, réalisant toujours une forme d’évaluation prédictive. De façon similaire, les analystes tiendraient compte dans leur décision de l’évaluation de la demande, du fonctionnement psychique, et des potentialités de rencontre dans un « lieu transférentiel ». Des hypothèses psychodynamiques seraient à l’œuvre dès les premiers entretiens, intervenant dans les aménagements du cadre à proposer au patient. Les dispositions contre-transférentielles projetées sur l’évaluation influenceraient la nature des prédictions quant à l’issue du travail analytique. Le « désir de l’analyste » pèserait manifestement sur l’évaluation des possibilités de travail analytique, avantageant les évaluations favorables ou de potentialités d’évolution, au détriment d’éléments défavorables. Le contexte culturel n’influencerait pas le processus d’élaboration de la décision, mais modulerait la demande et les possibilités de l’analyste d’y répondre, résultat ouvrant des pistes de recherches futures. / This research explores clinical practice of first interviews in two cultural contexts, through the way the analyst accounts for his/her internal psychic development of thought. The data comes from the qualitative analysis of the thematic content of 15 research interviews, performed with psychoanalytic psychotherapists and psychoanalysts with 3 to 37 years of clinical experience, both in France and Quebec. According to the results, the analyst’s internal psychic development of thought would follow a pre-established organic listening structure, of which the level of explicitation would vary with clinical experience. The analyst’s elaboration, both secondary and intuitive, would be based on present and absent clinical material, theory, and clinical experience, always carrying out a form of predictive assessment. Similarly, the analysts would take into account in their decision the assessment of the demand, psychic functioning, and possible meeting within a “transference context”. Psychodynamic hypotheses would be at work as soon as the first interviews, involved in the adjustments of the framework proposed to the patient. The counter-transferential dispositions –projected onto the assessment– would influence the nature of predictions about the outcome of psychoanalytic work. The "desire of the analyst" would clearly influence the evaluation of analytical work opportunities, advantaging favourable assessments or potential evolution, to the detriment of hindering elements. The cultural context would not influence the decision making process, but would modulate the demands and the analyst’s possibilities to answer, opening the door to future line of research.

Cette thèse a pour objet d’analyser l’impact du suivi par les analystes financiers lors de l’introduction en bourse sur la qualité du marché secondaire et sur la future vie boursière de l’entreprise. Dans cet objectif, trois études empiriques sont menées sur le marché français. La première apporte une nouvelle explication à la relation positive qui existe entre la sous-évaluation initiale et la liquidité sur le marché secondaire. Elle montre que cette relation positive se forme par le biais de la couverture des analystes financiers. En se basant sur la méthode de l’analyse de survie, notre deuxième étude révèle que le suivi par les analystes financiers a un impact positif sur la durée de vie boursière de l’entreprise. La troisième étude démontre que la couverture peut également influencer l’occurrence et la rapidité d’occurrence d’une émission secondaire. Il apparaît que les firmes les plus couvertes au moment de l’introduction sont celles qui retournent le plus rapidement au marché pour effectuer une émission secondaire garantie. Ces travaux soulignent l’importance du suivi par les analystes financiers des introductions en bourse. / This thesis aims to analyze the impact of IPO analyst coverage on the quality of the secondary market and on the future market life of the firm. For this purpose, three empirical studies are conducted on the French market. The first one provides a new explanation for the positive relation between initial underpricing and post-listing liquidity. We find that this positive relation is formed through analyst coverage. Our second study shows that analyst coverage has a significant positive impact on IPOs survival. The third study explores the linkage between analyst coverage and subsequent seasoned equity offerings. Our results indicate that analyst coverage is a significant predictor of subsequent SEO and that more covered firms are those that return more quickly for an insured offering. Our findings enlighten the importance of analyst coverage around IPOs.

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The thesis "Extending the methodology MMSP in test analysis and design" characterizes the discipline of test analysis and design carried out by its inclusion in the Methodology for small software projects (MMSP). The theoretical part defines the concept of discipline Test analysis and design and characterizes its role in the context of software testing and use in developing software products. It also analyzes attitude of commonly known models and methodologies of software development, certification, standards and norms in testing methodology including MMSP to the analytical activities in the field of testing. The practical part describes the methodology MMSP extension by discipline Test analysis and design, which allows the use of this discipline even on small projects developing uncritical IS/ICT solutions, which previously was not possible. Discipline Test analysis and design expands MMSP at considerable amount of analytical activities in the area of testing. Extending the methodology MMSP includes the introduction of new role Test analyst, modification of existing roles, the introduction of new products and descriptions of the recommended testing techniques and test design.

The full text will be available at the end of the embargo period: 31st December 2026.