This study deals with market reaction to public information. The sample studied concerns six different famous European football clubs that are regularly involved in European competitions. These clubs are AS Roma from the Italian championship Calcio Serie A, FC Porto from the Portuguese championship Super Liga, Ajax Amsterdam from the Dutch championship Holland Casino Eredivisie, Galatasaray and Besiktas Istanbul from the Turkish championship Super Lig, and Celtic Glasgow from the Scottish championship Premier League.               Palomino et al. (2009) is the main source of inspiration for this study. Most of the findings are in lines with their results. There are two main contributions in this research. Firstly, our sample is composed by clubs from 5 different European countries: Italy, Scotland, Turkey, Portugal and Netherlands. Secondly, the ten years period of the study includes the financial crisis period. The results obtained for the financial crisis period have contaminated most of our results, justifying the choice to focus mainly on the results of the period 2002-2012 without the 2007-2009 period, which is the period associated to the financial crisis.               This research is divided into four parts. We firstly find evidence that the release of public information during the on-season has more influence than the one of the off-season. Indeed, the abnormal volumes calculated during the on-season are greater than the abnormal volumes computed during the off season. Likewise, we observed similar results as for the volatility. Secondly, this study demonstrates that the games’ results have a positive or a negative impact on the shares’ clubs returns depending on the game outcome. Indeed, the abnormal returns’ results are negative for losses and positive for wins. Moreover, we demonstrate that the stock market absorbs negative events (e.g. defeats) faster than the positive events (e.g. victories). Thirdly, we found that the losses that occur at the end of the season have more impact in terms of magnitude on the abnormal returns. On the contrary, the investors do not seem to react differently regarding the wins. Then, we were unable to find relevant findings regarding the unexpected results’ impact on the clubs’ share price. Surprisingly, we found that there is a surprise effect concerning victories whereas there is no surprise effect regarding the defeats.               Most of the findings of the study prove that public information concerning game results does influence investors’ behavior and thus have a significant impact on the share price of the famous European clubs.

Efektyvus vertybinių popierių rinkos funkcionavimas yra grindžiamas sąžininga prekyba, savalaikiu ir pilnu informacijos atskleidimu bei investuotojų teisių apsaugos garantija. Rinkos funkcionavimo efektyvumas gali būti pasiektas tik tuo atveju, jeigu yra sėkmingai įgyvendinama piktnaudžiavimo vertybinių popierių rinka identifikavimo ir prevencijos sistema. Piktnaudžiavimus vertybinių popierių rinka galima būtų išskirti į dvi pagrindines grupes: manipuliavimą vertybinių popierių kaina ir pasinaudojimą viešai neatskleista informacija. / This paper examines the problem of market abuse. The guidance and accompanying examples are presented to help the development of a common understanding of what constitutes market abuse. The types of market manipulations are provided, as well as, the prohibitions on such practices. The definition of non-public information is concretized and its main aspects are detailed. Furthermore, diagnostic flags and signals of possible market abuse that could be monitored by competent authorities and by market participants within the limits of their sphere of activity are proposed. The specified diagnostic flags and signals could be used to identify and prosecute market manipulation and insider trading.

Introduction. Theme of modern biotechnologies is an especially topical question, because there is no simple answer about possible harm to nature and human health done by Genetically Modified Organisms (hereinafter referred to as GMO) until now. On the other side, biotechnology industry is a future industry, which provides great possibilities to improve the welfare of whole nations. Survey of Lithuanian public opinion shows that society thinks of GMO not very favorably and inhabitants treat those new products not well enough; with a great care and do not trust in their safety. Public institutions do not pay much attention for public information campaigns. Paper objective. Research and estimation of society knowledge and information distribution concerning GMO and GMP and their possible impact on human health. Tasks. 1. To examine public knowledge related to GMO and GMP. 2. To explore public knowledge related to a possible risk of GMP for a human health. 3. To evaluate effectiveness of public information distribution structures while familiarizing the society with GMO and GMP and their influence on human health. 4. To suggest measures and ways for improvement of the distribution of public information concerning GMO and GMP. Research methods. Paper objective was to explore public knowledge on GMO, GMP and its impact on human health. Research has been carried out using methods of data analysis, comparison, generalization and questionnaire interview. The statistical data... [to full text]

By describing investors' decision-making processes and actions, this thesis provides a background to the share prices that millions of people follow closely everyday. It focuses on the reasons for institutional investors' investment actions on the stock market, and in particular the role of financial information about the quoted companies. Interviews and document studies linked to a large number of actual investment actions in eight large Swedish institutional investor organisations constitute the empirical basis of the thesis. Important empirical results concern how action based on fundamental opinions about investment objects is restricted or reinforced by investor contexts and market premises, the role of valuation models and quantitative analysis in comparison with qualitative judgements, and how uncertainty is dealt with during investment decision-making processes. Non-public information played an essential role in forming the fundamental opinions about companies/equities. In addition, this information could help trigger equity investment actions. Several factors, some of them organisational, contributed to time lags between the first impulse and the completed investment transaction.The results also suggest that the institutional investors in this study did not take action independently of other investors. Furthermore, they did not develop their fundamental opinions about investment objects independently of other market participants - to varying extents they adjusted to other market participants' expectations, equity valuation methods and ways of using accounting figures. / Diss. Stockholm : Handelshögsk.

Thesis--Madrid. / Publicaciones del Departamento de Sociologia de la Universidad de Madrid. Estudios y monografías. Includes bibliographical references.

Analisa as funções do arquivo como esfera pública informacional, tendo como fundamento teórico a Teoria da Ação Comunicativa, de Jurgen Habermas. Destaca a importância do direito à informação e acesso às informações arquivísticas na construção da cidadania. Reflete sobre a função social dos arquivos na gestão da informação, e seu papel de mediador das informações públicas, garantindo a transparência das ações do Estado, na consolidação da democracia. A partir do estudo das correspondências remetidas pelos cidadãos, para o Prefeito de Porto Alegre, Olívio Dutra, entre os anos de 1988 e 1990, analisa os conteúdos informacionais e as estratégias de comunicação utilizadas pelos cidadãos como forma de participação e de controle sobre ações governamentais. As cartas são tratadas como narrativas dos cidadãos, pois elas são uma forma de comunicação com o governo municipal, além de darem visibilidade aos problemas do cotidiano da cidade e outros temas de interesse coletivo. Conclui que os arquivos públicos como fontes de informações são elementos essenciais para garantir o acesso às informações públicas e auxiliar na ampliação da cidadania, pois subsidiam os cidadãos para a participação no debate público sobre os temas de interesse da sociedade. / This work examines the role played by archives as an informational public sphere, based on Jurgen Habermas’s concept of Public Sphere. It stresses the importance of the right to information and access to archivistic information on construction of citizenship. It reflects upon the social role played by archives on information management and as mediator of public information, guaranteeing the transparency of the actions taken by the State in consolidating democracy. Based on the study of letters sent by citizens to Porto Alegre Mayor Olívio Dutra in 1988, 1989 and 1990, the work examines the informational content and communication strategies they use as a way of participation and control government actions. Letters are seen as citizen’s narratives, since they are a way to communicate with the Municipal Government, besides pointing out everyday problems in the city as well as other issues of collective interest. It concludes that public archives as sources of information are essential elements to guarantee access to public information and help to broaden citizenship, since they assist citizens in their participation in the public debate on issues of interest for society, configuring an informational public sphere.

Analisa as funções do arquivo como esfera pública informacional, tendo como fundamento teórico a Teoria da Ação Comunicativa, de Jurgen Habermas. Destaca a importância do direito à informação e acesso às informações arquivísticas na construção da cidadania. Reflete sobre a função social dos arquivos na gestão da informação, e seu papel de mediador das informações públicas, garantindo a transparência das ações do Estado, na consolidação da democracia. A partir do estudo das correspondências remetidas pelos cidadãos, para o Prefeito de Porto Alegre, Olívio Dutra, entre os anos de 1988 e 1990, analisa os conteúdos informacionais e as estratégias de comunicação utilizadas pelos cidadãos como forma de participação e de controle sobre ações governamentais. As cartas são tratadas como narrativas dos cidadãos, pois elas são uma forma de comunicação com o governo municipal, além de darem visibilidade aos problemas do cotidiano da cidade e outros temas de interesse coletivo. Conclui que os arquivos públicos como fontes de informações são elementos essenciais para garantir o acesso às informações públicas e auxiliar na ampliação da cidadania, pois subsidiam os cidadãos para a participação no debate público sobre os temas de interesse da sociedade. / This work examines the role played by archives as an informational public sphere, based on Jurgen Habermas’s concept of Public Sphere. It stresses the importance of the right to information and access to archivistic information on construction of citizenship. It reflects upon the social role played by archives on information management and as mediator of public information, guaranteeing the transparency of the actions taken by the State in consolidating democracy. Based on the study of letters sent by citizens to Porto Alegre Mayor Olívio Dutra in 1988, 1989 and 1990, the work examines the informational content and communication strategies they use as a way of participation and control government actions. Letters are seen as citizen’s narratives, since they are a way to communicate with the Municipal Government, besides pointing out everyday problems in the city as well as other issues of collective interest. It concludes that public archives as sources of information are essential elements to guarantee access to public information and help to broaden citizenship, since they assist citizens in their participation in the public debate on issues of interest for society, configuring an informational public sphere.

Made available in DSpace on 2014-10-09T12:34:11Z (GMT). No. of bitstreams: 0 / Made available in DSpace on 2014-10-09T14:00:18Z (GMT). No. of bitstreams: 0 / Dissertação (Mestrado) / IPEN/D / Instituto de Pesquisas Energeticas e Nucleares - IPEN-CNEN/SP

Analisa as funções do arquivo como esfera pública informacional, tendo como fundamento teórico a Teoria da Ação Comunicativa, de Jurgen Habermas. Destaca a importância do direito à informação e acesso às informações arquivísticas na construção da cidadania. Reflete sobre a função social dos arquivos na gestão da informação, e seu papel de mediador das informações públicas, garantindo a transparência das ações do Estado, na consolidação da democracia. A partir do estudo das correspondências remetidas pelos cidadãos, para o Prefeito de Porto Alegre, Olívio Dutra, entre os anos de 1988 e 1990, analisa os conteúdos informacionais e as estratégias de comunicação utilizadas pelos cidadãos como forma de participação e de controle sobre ações governamentais. As cartas são tratadas como narrativas dos cidadãos, pois elas são uma forma de comunicação com o governo municipal, além de darem visibilidade aos problemas do cotidiano da cidade e outros temas de interesse coletivo. Conclui que os arquivos públicos como fontes de informações são elementos essenciais para garantir o acesso às informações públicas e auxiliar na ampliação da cidadania, pois subsidiam os cidadãos para a participação no debate público sobre os temas de interesse da sociedade. / This work examines the role played by archives as an informational public sphere, based on Jurgen Habermas’s concept of Public Sphere. It stresses the importance of the right to information and access to archivistic information on construction of citizenship. It reflects upon the social role played by archives on information management and as mediator of public information, guaranteeing the transparency of the actions taken by the State in consolidating democracy. Based on the study of letters sent by citizens to Porto Alegre Mayor Olívio Dutra in 1988, 1989 and 1990, the work examines the informational content and communication strategies they use as a way of participation and control government actions. Letters are seen as citizen’s narratives, since they are a way to communicate with the Municipal Government, besides pointing out everyday problems in the city as well as other issues of collective interest. It concludes that public archives as sources of information are essential elements to guarantee access to public information and help to broaden citizenship, since they assist citizens in their participation in the public debate on issues of interest for society, configuring an informational public sphere.

Submitted by Haroudo Xavier Filho (haroudo.xavierfo@ufpe.br) on 2016-05-19T19:10:41Z No. of bitstreams: 2 license_rdf: 1232 bytes, checksum: 66e71c371cc565284e70f40736c94386 (MD5) DISSERTAÇÃO PPGCI (2015) KATIA SANTIAGO VENTURA.pdf: 4684809 bytes, checksum: fa9b9438796f370858defca8d8e6692d (MD5) / Made available in DSpace on 2016-05-19T19:10:42Z (GMT). No. of bitstreams: 2 license_rdf: 1232 bytes, checksum: 66e71c371cc565284e70f40736c94386 (MD5) DISSERTAÇÃO PPGCI (2015) KATIA SANTIAGO VENTURA.pdf: 4684809 bytes, checksum: fa9b9438796f370858defca8d8e6692d (MD5) Previous issue date: 2015-08-28 / A partir da Lei nº 12.527/2011, a Lei de Acesso à Informação, o Governo passou a ter a obrigação de oferecer condições adequadas e acessíveis para receber requerimentos de acesso a informações diversas, sob sua custódia. Além disso, passou a ser obrigatória a disponibilização de informações na internet, fazendo uso de medidas necessárias para garantir a acessibilidade do conteúdo para pessoas com deficiência, que representam 23,9% da população brasileira, segundo dados do Censo Demográfico feito em 2010. Neste contexto, esta pesquisa objetiva contribuir para a ampliação do acesso à informação pelos cidadãos brasileiros, independentemente de limitações, por meio da análise e discussão da relação entre a promoção do acesso à informação e a acessibilidade nos espaços físicos dos Serviços de Informação ao Cidadão, assim como nos portais de transparência ativa de universidades federais. Em termos metodológicos, trata-se de uma pesquisa quantiqualitativa, do tipo descritiva e aplicada, utilizando-se de questionário como instrumento de coleta dos dados. Como amostra, selecionou-se 27 universidades, tendo como critério de seleção ter o melhor Índice Geral de Cursos - IGC, referente à avaliação feita pelo Ministério da Educação no ano de 2013. Foi tomada uma universidade por estado brasileiro, a fim de obter um panorama geral da realidade brasileira. Os resultados da pesquisa possibilitaram constatar que, mesmo com os esforços legais e sociais para favorecer o acesso à informação pública, as pessoas com deficiência irão encontrar barreiras para acessar essas informações nas universidades estudadas, estejam tais informações disponibilizadas nos espaços físicos ou digitais. Pois não lhes são oferecidas condições para usufruir dos serviços e das informações que possam vir a necessitar. Por fim, conclui-se que existe, ainda, um caminho a ser percorrido para que o acesso às informações públicas seja um direito garantido e efetivado para todos os brasileiros, independentemente de limitações, a fim de superar a lacuna existente entre a legislação e a realidade encontrada. A presente pesquisa pode vir a servir de referencial para os que se interessarem pelo tema, assim como contribuir para o debate, no contexto da academia ou da sociedade em geral, sobre o acesso à informação e a utilização dos padrões de acessibilidade, em virtude da função social das informações públicas e do seu potencial para transformação. / Beginning with Law nº 12.527/2011, the Law of Access to Information, the government began to have the obligation to offer adequate and accessible conditions to receive requests to access to several information, under its custody. Beyond that, it began to be mandatory the provision of information on the internet, making use of the necessary measures to guarantee the accessibility of the contents to people with disabilities, which represent 23,9% of the Brazilian population, according to data from the Demographic Census made in 2010. In this context, this research aims to contribute to the expansion of the access to information by Brazilian citizens, regardless of limitations, through the analysis and discussion of the relation between the promotion of access to information and its accessibility in the physical spaces of the Services of Information to Citizens, as well as on the active transparency portals of Brazilian Federal Universities - UFES. In methodological terms, it is a quantitative and qualitative research, of descriptive and applied type, using a survey as instrument to collect data. As sample, 27 Federal Universities were selected, having as selection criteria the best Course General Index - IGC, as referred to an evaluation made by the Department of Education in 2013. One Federal University was taken from each Brazilian State, so we could obtain a general scenario of the Brazilian reality. The research results made it possible to identify that, even with both legal and social efforts to favor the access to public information, people with disabilities will find barriers to access this information in the studied Universities, being this information provisioned in physical or digital means. This happens due to not being offered them means to make use of neither services nor information that they might need. In the end, the conclusion made is that there is still a path to be walked so that access to public information may become a guaranteed and effective right to every Brazilian, regardless of limitations, so that the identified existing abyss between legislation and reality may be overcome. This research may come to serve as a reference to those interested on the subject, as well as contribute to the debate, in the academy context or even in the society’s context as a whole, about the access to information and the usage of standards of accessibility, due to the social function of public information and its transformation potential.