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Financial sustainability is underrepresented in both the research on and practice of sustainability management and reporting. This article proposes a conceptual measure of financial sustainability and examines its association with capital market returns. The measure is positioned at the intersection of sustainability management, risk management and risk governance. Financial sustainability is regarded as a crucial control parameter complementing shareholder value and can be viewed by riskaverse investors as a secondary condition of investment decisions. It reduces refinancing and insolvency risks, leading to risk-adjusted excess returns in an imperfect capital market with financing restrictions and insolvency costs. We propose measuring a firm’s financial sustainability in terms of four conditions: (1) firm growth, (2) the company’s ability to survive, (3) an acceptable overall level of earnings risk exposure, and (4) an attractive earnings risk profile. We show that the application of a conditions-based investment strategy to European firms with high financial sustainability (i.e., firms fulfilling all four conditions) over the period from July 1990 to June 2019 results in monthly excess returns of 0.39%. This portfolio’s risk is lower than the risk of market investment. We find that the excess returns increase when incrementally adding each of the four conditions to the investment strategy.

Submitted by admin tede (tede@pucgoias.edu.br) on 2017-06-01T13:24:39Z No. of bitstreams: 1 JACINTO MAIA PIMENTEL.pdf: 3146885 bytes, checksum: d73d15b75ba44e1ab5fa45ebd06988f1 (MD5) / Made available in DSpace on 2017-06-01T13:24:39Z (GMT). No. of bitstreams: 1 JACINTO MAIA PIMENTEL.pdf: 3146885 bytes, checksum: d73d15b75ba44e1ab5fa45ebd06988f1 (MD5) Previous issue date: 2016-10-18 / The construction of electricity generation projects are held in places where there are specific conditions for its implementation, and it appears that these are not always close to the consumer markets. The energy needs to be transported to the consumption centers located many kilometers away, and to this end are used to power transmission lines. These developments are characterized by many different situations that impact on their time of completion. In order to pursue project management options so that deadlines are met, this research applies a risk management methodology for projects by means of the quantitative risk assessment. It is addressed to the energy transmission area with a focus on the project deadline. The proposed model adopts the Critical Chain Project Management – CCPM, whereby the appropriate activities duration are those achievable in the shortest time as possible. The use of CCPM calls for the application of buffers along the project schedule to control the uncertainties. The proposed methodology applies the Monte Carlo Simulation – MCS to the schedule, associating the Minimum, Most likely and Maximum times to the activities. The identified risks are related to these activities. The outcome resulting from the proposed methodology is quantitative and provides useful information to containment and contingency actions. / A construção dos empreendimentos de geração de energia elétrica é realizada nos locais onde existem condições específicas para sua implantação, e, nem sempre estes são próximos aos centros consumidores. A energia gerada necessita ser transportada para os centros de consumo localizados a muitos quilômetros de distância, e, para tal são utilizadas as Linhas de Transmissão de Energia. Estes empreendimentos caracterizam-se por encontrar situações diversas e que impactam no seu prazo de conclusão. Com o objetivo de buscar opções de gerenciamento de projetos para que os prazos sejam alcançados, esta pesquisa aplica uma metodologia para gestão dos riscos em projetos, com a aplicação de análise quantitativa dos riscos. Será aplicada na área de transmissão de energia com foco no prazo de conclusão. O modelo proposto utiliza o método do Gerenciamento de Projeto pela Corrente Crítica – CCPM, por meio do qual as durações das atividades consideradas são aquelas exequíveis no menor prazo possível. O uso da CCPM prevê a introdução de buffers no cronograma do projeto para controlar as incertezas. A metodologia proposta aplica ao cronograma a Simulação de Monte Carlo- SMC, associando às suas atividades o prazo Mínimo, Mais Provável e Máximo. Os riscos identificados são associados às atividades. O resultado da aplicação da metodologia proposta é uma análise dos riscos do projeto indicando a probabilidade de consumo dos buffers, as atividades que mais impactam no seu consumo e os riscos associados a estas. O resultado desta análise é quantitativa e gera informações úteis para ações de contenção e contingência.

Memoria para optar al título de Geógrafo / En esta investigación se realiza un análisis y comparación respecto de la incorporación de la Gestión del Riesgo de Desastres (GRD) en los instrumentos de ordenamiento y planificación territorial de las comunas de San Bernardo y Calera de Tango, identificando factores críticos que determinan las diferencias entre ellas. Si bien las comunas en estudio son colindantes y poseen características físicas similares, cada una ha ido adoptando caracteres de acuerdo a su funcionalidad dentro de la Región Metropolitana. Sin embargo, las dinámicas que se han desarrollado no responden a la planificación vigente, lo que ha generado condiciones de riesgo para la población, sus bienes y economía. En la investigación fue posible determinar que los instrumentos de planificación y ordenamiento territorial aún no incorporan de manera íntegra la GRD debido en parte, a que existen confusiones conceptuales, y al tipo de gestión que se intenta proponer, ya que sigue siendo mayoritariamente reactiva. La principal diferencia entre las comunas estudiadas radica en que San Bernardo, al poseer un Plan Regulador Comunal, gestiona y ordena el territorio disminuyendo la exposición de la población a las amenazas de origen natural y antrópico existentes en la comuna, vale decir presenta una gestión preventiva. Por su parte, Calera de Tango nunca ha contado con este instrumento en particular. Al ser una comuna de carácter rural, los instrumentos de planificación actuales no son de gran ayuda debido a que se enfocan en la gestión de las zonas urbanas principalmente, por lo cual gran parte del territorio comunal no tiene regulación. A pesar de las ventajas con las que cuenta San Bernardo aún son insuficientes para reducir el riesgo de desastre. / This project consists of comparative analysis of the integration of the Disaster Risk Management (GRD) in the regulation and territorial planning of the San Bernardo and Calera de Tango municipalities, with the intent of identifying critical factors differentiating the two. While these municipalities are adjacent to each other and share many physical characteristics, they have developed distinct characteristics in accordance with the role each plays within the wider Metropolitan Region. The dynamics developed within each nonetheless do not share policy frameworks – something that has created risky conditions for their local populations, properties and economies. This investigation determined that the current methods used for territorial planning and legislation have yet to meaningfully integrate the GRD due to both conceptual ambiguities and the fact that management has up until now been largely reactive. The principal distinguishing factor separating the municipalities under investigation is that San Bernardo, in possessing a Regulatory Communal Plan, manages its territory with an eye towards reducing its population’s exposure to local natural and man-made threats. In contrast, Calera del Tango has never possessed this particular policy framework. As a rural municipality, current planning frameworks are of limited effectiveness due to their focus on urban locations. In spite of their advantages San Bernardo possesses, the current policy framework is insufficient as a means of reducing risk in the face of possible disasters.

The dissertation comprises four manuscripts that aim to enhance the knowledge on strategic man-agement of professional football clubs within Germany, especially with regard to the prediction of success. Apart from manuscript A which is a review of extant literature of football manage-ment variables leading to success, and manuscript B, which is a qualitative investigation on sus-tainable success factors affecting professional football clubs, the remaining manuscripts C and D comprise two empirical studies; they can be further partitioned in manuscript C, investigating the prediction of failure with the worst-case scenario of bankruptcy and manuscript D, covering the prediction of failure and success in a proof of concept based on machine learning.

The master‘s thesis discusses the issue of the project Telco Servis whose focus are business activities aimed at drawing-in the Internet on cancelled fixed telephone lines. It introduces the formal aspect of project management and methods used in the pre-project phase. The work focuses on key parts of the project, such as analysis of the sales process, time analysis of specific parts of the sales process, company CRM description or project risk analysis. In the design part it deals with the estimated costs of the project and the fulfilment of the necessary conditions for its launch.

Diplomová práce je zaměřena na aplikaci metod projektového řízení ve firmě. Práce nejprve specifikuje teoretické poznatky této oblasti. Na teoretickou část navazuje analýza externího a interního prostředí dané firmy. Na základě výstupů a využití metod projektového managementu je vytvořen možný návrh řešení projektu, který vede k úspěšnému oslovení nového segmentu potencionálních zákazníků.

The aim of the thesis is to propose effective and feasible strategy of differentiation. The thesis may be used as a valuable basis for developing a business plan founding or development of the company. According to the information processed in the theoretical part will be an analysis, whose outputs reveal the direction of future strategies and are the basis for the development of a differentiation strategy of small company, including the evaluation of potential risks and opportunities for future development.

The diploma thesis puts forward the proposal of the construction project of a generic ceble system in the company Sport Studio Suzan, s.r.o., which is engaged in small-scale sport functional clothing. Based on the theoretical part and the analysis of the current internal and external position of the copmany is designed the proposal of implementation generic cable system. The whole work is compiled according to the methodology of project management IPMA.

The subject of the diploma thesis "Management of Construction Projects" is a description of the management process and its' application to a model case. The first part deals with the theoretical structure of project management, construction management and construction project delivery methods. The second part applies the theoretical knowledge to a concrete construction project. Primarily, the benefit analysis is performed for the chosen project delivery methods. Subsequently, the personal proposal for the management process is developed, which incorporates organizational, time, cost, quality and risk components of the project. Finally, the model construction project. is summarized and assessed.