依據財務會計理論，附註揭露為整體財務報表的一部份，其目的在提供投資人進行企業評價時所需之攸關資訊。兩稅合一制度實施後，不僅使稅賦型態轉變，會計原則中也新增附註揭露股東可扣抵稅額之規定，因此提供了驗證資本市場與財務報表揭露的機會，本研究即針對股東可扣抵稅揭露是否具有價值攸關性進行測試。 本研究以87年為樣本年度，分析資料完整的317家上市公司，透過Ohlson模型來檢測股東可扣抵稅額之價值攸關性，並處理Ohlson模型中兩個重要的information dynamics，以異常盈餘（xa ）及其他資訊（v）做為模型中的自變數，將財務分析師之財務預測（analysts’forecasts）做為Ohlson模型中其他資訊（other information）之代理變數，以捕捉Ohlson模型中其他資訊對股價的影響。最後，考慮產業及公司規模兩項因素，觀察紡織業與電子業對股東可扣抵稅額揭露之反應以及公司規模對於價值攸關性研究的影響。 實驗結果顯示，無論以現金基礎或應計基礎衡量股東可扣抵稅額，其揭露均具價值攸關性，投資人的確使用財務報表附註揭露中有關股東可扣抵稅額之資訊於企業評價上。其次，異常盈餘與其他資訊皆能捕捉股價之變動。最後，在紡織業與電子業中雖未觀察到股東可扣抵稅額之揭露具有攸關性，但公司規模的因素則無論在全體樣本或各別產業中皆具影響力。 / According to modern accouning theory, footnote disclosures are an intergrated part of the overall financial statements. The purpose of footnote disclosures is to provide value-relevant information in assisting investors’ valuation process. After Taiwan’s 1998 Tax Reform, which intergrates the individual and corporate taxes, the current GAAP requires a footnote disclosure of imputation credits (IC). This provides a good chance to test how Taiwan’s stock market reacts to such disclosuer. The main purpose of this study is to examine the value relevance of IC disclosure to investors’ equity valuation. This study uses Ohlson’s (1995) model to analyze 317 firms listed on Taiwan’s Stock Exchang (TSE) during 1998. To estimate the abcdrmal earings and other information (captured by analysts’ forcasts), this study adopts Dechow, Hutton, and Sloan’s(1999) methodology. We also investigate the effects of industry and firm size on the value relevance of IC disclosure. The empirical results reveal three findings. First, there is a positive association between IC and stock price in TSE. Therefore, the IC disclosure is value relevant to investors’ equity valuation. Second, abcdmal earnings and other information can both explain stock price behavior. Finally, when we focus our sample on the textile and high-tech industries, no significant association between IC disclosure and stock price can be found. When we further consider firm size, however, the value relevance of IC disclosure becomes significant. In other word, the value relevance of IC disclosure may be affected by firm size.

Plus de soixante-quinze ans après la création des Règles et usances uniformes relatives aux crédits documentaires par la Chambre de commerce internationale, pouvons-nous parler d'un véritable succès international de la lettre de crédit commerciale à titre d'instrument de paiement fiable et sécuritaire ? Nonobstant sa triple finalité et l'application formaliste de ses principes d'incessibilité, de stricte conformité et de double autonomie qui ont su, au cours des années, répondre aux besoins résultant de l'évolution du commerce international, il nous semble utopique de parler d'un tel succès. Mais pourquoi ? Confrontées aux réglementations nationales ainsi qu'aux pratiques nationalistes et protectionnistes des états qui ont pourtant adhéré aux Règles et usances relatives aux crédits documentaires, la malléabilité de ces règles semble avoir dénaturé la lettre de crédit commerciale de ses principaux attributs. À cet égard, nous pouvons nous demander si la lettre de crédit commerciale est une facilité de crédit désuète ou incomprise ? La présente thèse est le fruit de maintes réflexions sur les problèmes liés à l'application et l'interprétation de la lettre de crédit commerciale à titre d'instrument international et plus particulièrement sur les lacunes des Règles et usances uniformes relatives aux crédits documentaires. / More than seventy-five years after the creation of the Uniform Customs and Practice for Documentary Credits by the International Chamber of Commerce, can we talk about a true international success of the commercial letter of credit as a reliable and secured instrument of payment? Notwithstanding its triple functions and the formalistic application of its principles of non-assignability, of strict compliance and of dual autonomy, which have answered the needs resulting from the evolution of international commerce, it seems unrealistic to talk about such success. But why? Confronted with the national regulations as well as nationalist and protectionist practices of the states which have nevertheless ratified the Uniform Customs and Practice for Documentary Credits, the malleability of those rules seems to have been misrepresented of the principal attributes of the commercial letter of credit. ln that respect, we can ask ourselves if the commercial letter of credit is an outdated or misunderstood credit facility? The present thesis is the fruit of many reflections on the problems linked with the application and the interpretation of the commercial letter of credit as an international instrument of payment and more particularly, on the gaps of the Uniform Customs and Practice for Documentary Credits.

Submitted by Thalita Cristine Landeira Portela Faro (thalita.faro@fgv.br) on 2011-06-20T19:50:48Z No. of bitstreams: 1 1412212.pdf: 4797200 bytes, checksum: 416f2d98a07598babb3fce0cf3008048 (MD5) / Approved for entry into archive by Thalita Cristine Landeira Portela Faro(thalita.faro@fgv.br) on 2011-06-20T19:51:20Z (GMT) No. of bitstreams: 1 1412212.pdf: 4797200 bytes, checksum: 416f2d98a07598babb3fce0cf3008048 (MD5) / Approved for entry into archive by Thalita Cristine Landeira Portela Faro(thalita.faro@fgv.br) on 2011-06-20T19:52:16Z (GMT) No. of bitstreams: 1 1412212.pdf: 4797200 bytes, checksum: 416f2d98a07598babb3fce0cf3008048 (MD5) / Made available in DSpace on 2011-06-20T19:53:28Z (GMT). No. of bitstreams: 1 1412212.pdf: 4797200 bytes, checksum: 416f2d98a07598babb3fce0cf3008048 (MD5) Previous issue date: 2008 / Considering the relevance of the question of climatic changes for the world today, this thesis has as its objective to evaluate Brazil 's public policies for this issue. Starting from an analysis ofBrazil's present environmental policy, it examines the country's programs and actions which are directed towards climatic changes, studies the development of the Clean Development Mechanism projects for Brazil, and evaluates the country's current public policies related to climatic changes. Despite the complexity of the topic, this evaluation uses a methodology which is characterized by both its depth and simplicity, the methodology for the evaluation of public policies developed by Oliveira and Martins (2003). Based on the three principal dimensions to be considered in the evaluation of public policies-- the social, economical and political dimensions-the methodology of Oliveira and Martins (2003) in this study has been adapted to receive, in each dimension, features (variables) and their respective indicators which are related to the question of climatic changes in Brazil. These features having been selected, points for consideration were inserted based on field research in which the interviewees were free to express their preferences. Extending up to the intermediate leveI of evaluation of Oliveira and Martins methodology (2003), this study shows how it is possible to evaluate Brazil's public policies for climatic changes, and pemaps it wiIl also serve to motive the continued development of the model here proposed, with an aim towards offering an instrument for the direct participation of society in the definition of the directions Brazil should take regarding climatic questions. Furthermore, other regions of the world could possibly adopt this methodology, given its flexibility of contextualization. / Diante da relevância da questão das mudanças climáticas para o mundo, esta dissertação tem por objetivo a avaliação da atual política pública brasileira para o tema. Partindo da análise da atual política ambiental brasileira, examina os programas e ações do país voltados para as mudanças climáticas, pesquisa o desenvolvimento dos projetos de Mecanismo de Desenvolvimento Limpo no Brasil, e avalia a sua atual política pública de mudanças climáticas. Essa avaliação, embora a complexidade do tema, utiliza metodologia caracterizada ao mesmo tempo por sua riqueza e simplicidade, qual seja, a metodologia de avaliação de políticas públicas desenvolvida por Oliveira e Martins (2003). Construída com base nas três principais dimensões a serem consideradas quando da avaliação de políticas públicas: dimensões social, econômica e política, a metodologia de Oliveira e Martins (2003) nesta pesquisa é adaptada para receber, em cada dimensão, atributos (variáveis), e seus respectivos indicadores, relacionados com a questão das mudanças climáticas no Brasil. Selecionados os atributos são inseridos ponderadores com base em pesquisa de campo, em que os entrevistados têm a liberdade de expor as suas preferências. Extendendo-se até o nível de avaliação intermediário da metodologia de avaliação de Oliveira e Martins (2003), esta pesquisa revela como é possível avaliar a política pública brasileira de mudanças climáticas, e quiçá servirá de motivação ao contínuo desenvolvimento do modelo aqui proposto, a fim de servir como mais um instrumento de participação direta da sociedade na definição do rumo que o Brasil deve seguir nas questões climáticas, e que inclusive outras regiões do mundo poderão vir a adotar, dada a flexibilidade de contextualização da referida metodologia de avaliação.

This study explored the implementation of the recognition of prior learning (RPL) at Unisa by investigating the strengths and weaknesses of the RPL methodology, instruments and processes when taking students through the RPL process. The successes and challenges experienced by the RPL academic advisors and the academic assessors were determined and guidelines provided for the effective implementation of RPL at Unisa. The empirical research design was exploratory within a qualitative framework employing participant observation, focus group interviewing, individual interviewing and the distribution of questionnaires that consisted of open-ended questions. The research sample comprised 26 purposefully selected participants. With regard to the research findings, the challenges include a lack of administrative support, a lack of support from top management and the academic staff, and a lack of communication between management and the RPL department. The strength of the RPL department lay in its well-documented process manual. / Teacher Education / M. Ed. (Education Management)

Made available in DSpace on 2016-06-02T19:56:51Z (GMT). No. of bitstreams: 1 5317.pdf: 4354756 bytes, checksum: c3428f42cdc8f5cda6298342a6938dab (MD5) Previous issue date: 2013-06-19 / In light of the scientific evidence for global warming, the United Nations established the Framework Convention on Climate Change and defined the Kyoto Protocol that provided opportunities for sustainable social and economic development. The Clean Development Mechanism (CDM) is one of the protocols applicable to developing countries such as Brazil. Opportunities for industries to reduce greenhouse gas (GHG) emissions can be led by thermal energy integration studies. In addition, sustainable processes can result in energy savings as well as help to mitigate GHG emissions. This work presents a study of heat exchanger network (HEN) synthesis in order to reduce energy consumption and GHG emissions, and the benefits are evaluated in terms of energy savings and carbon credits for CDM projects. It was proposed to two case studies using HEN data from literature, one concerns burning fossil fuels, and other one was evaluated the bagasse combustion. Both studies were applied the Aspen Energy Analyzer® software and its performance of the design of the HEN employed the Automatic Retrofit and Automatic Recommend Designs features were evaluated too. GHG emissions were mitigated; the first case confirmed that the carbon credits improve Capital Expenditure Index, returning 13% less in payback depending on fossil fuel price. The second case presents a maximum value of reduction of 26.2% burning bagasse, 7.7% GHG emissions, 30% increase power generation, together with 19,411 carbon credits per year. / Em virtude da constatação inequívoca do aquecimento global, foi estabelecida pela Organização das Nações Unidas (ONU) a Convenção-Quadro sobre Mudança do Clima. No seu âmbito, foi criado o Protocolo de Quioto, que define mecanismos que enquadram responsabilidades e obrigações, abrindo oportunidades de desenvolvimento social e econômico sustentável. Um dos mecanismos estabelecido é o Mecanismo de Desenvolvimento Limpo (MDL), o único aplicável a países em desenvolvimento como o Brasil. Assim, no âmbito industrial existem várias oportunidades de redução das emissões de gases de efeito estufa (GEE) aliados a trabalhos de integração energética. Além do comprometimento sustentável, é possível obter cenários economicamente viáveis devido à redução de energia associada à mitigação das emissões de GEE. O objetivo deste trabalho foi estudar a síntese de rede de trocadores de calor (RTC) na redução do consumo de utilidades e de emissões de GEE, além de contabilizar os benefícios gerados na economia de combustíveis e a obtenção de créditos de carbono ligados a projetos que promovem o desenvolvimento limpo. Foram realizados dois estudos de casos com os dados da RTC obtidos da literatura, um referente à queima de combustíveis fósseis e outro referente à combustão do bagaço. Em ambos os estudos foi utilizado o software Aspen Energy Analyzer®, tendo como opções as ferramentas Automatic Retrofit e Automatic Recommend Designs, sendo estas avaliadas quanto ao seu desempenho na otimização da RTC. Foram mitigadas as emissões dos GEE, sendo que o primeiro caso foi comprovado que os créditos de carbono promovem um retorno financeiro mais rápido de até 13% dependendo do combustível fóssil e no segundo foi obtida uma redução de até 26,2% da queima do bagaço, 7,7% das emissões de GEE, geração extra de energia elétrica de até 30% e crédito de carbono de até 19.411 t CO2 ao ano.

Les sûretés sur les biens du professionnel constituent un instrument central d'accès au crédit. Malgré de nombreuses initiatives, le dispositif permettant l'affectation en garantie des biens voués à circuler, ainsi notamment des stocks, reste inadapté. L'édifice légal, complexe et contraire aux objectifs poursuivis, s'oppose à l'utilisation de ces biens circulants comme assiette de sûreté. La présente thèse identifie les améliorations nécessaires à la modernisation du droit des sûretés réelles et, ce faisant, esquisse les contours d'une institution nouvelle de garantie de nature à faciliter les concours aux entreprises, la sûreté globale. / Securities on the professional's properties form a significant way of accessing to credit. Despite many initiatives, means that enable to hold estates as security, such as stocks of goods, are not fully satisfying. The legal edifice, complex and opposed to the aim expected, prevents from using circulating assets as the basis of guarantee.This thesis identifies how to make required improvements to modernize the real security law, and so as to outline a new guarantee tool that makes the access to credit easier for companies, the global security.

This thesis deals with the support of export and export financing, with a focus on international regulation of this area, namely the Consesus OECD, i.e. the Arrangement on Officially Supported Export Credits. The paper describes the general background of this Arrangement and its requirements on the financial terms of provided export credits. The above mentioned is demonstrated on the concrete practice in the Czech Republic. The paper includes a detailed overview of the institutional framework of official support of export credits and the most important export credits parameters are illustrated by concise indicative offer of export financing. This thesis also summarizes the process and possible outcomes of current negotiations concerning the Consensus OECD and possible future cooperation with non-participant countries.

This investigation focused on identifying model foundational strategies to assist Canton Public School District (CPSD) officials in recruiting new teachers, successfully hiring them, and then retaining them the district. Located within the boundaries of the city of Canton, Mississippi, CSPD is geographically located in the central portion of the state. The district consists of 1 high school, 2 middle schools, 4 elementary schools and Canton Education Services Center. CSPD is continually affected by an ever-increasing teacher shortage because new teachers tend to leave the district after they are hired. More than 50% of new teachers leave their teaching positions in the district’s schools within 5 years. The investigation utilized published literature and other archival data (e.g., scholarly papers presented at conferences) accessible to the public in the form of books, chapters in published books, journal articles, and scholarly papers presented at learned societies and associations. Two research questions guided the investigation. The first research question asked: What does the published literature and related archival data (e.g., available scholarly papers retrievable from sources such as colleges, universities, foundations, conferences, etc.) accessible to the public reveal about recruiting, hiring, and retaining teachers? Overall, the material collected and analyzed yielded abundant information. Much of the available information proved valuable because the material focused attention the “how-to-do-it” aspects of recruiting, hiring, and retaining quality new teachers. The second research question asked: Will information gleamed from an analysis of the published literature and other archival data (e.g., unpublished scholarly papers) lead to the development of foundational strategies for assisting school district officials in recruiting, hiring, and retaining new teachers for CPSD? It was possible to develop a model holding potential for improving teacher recruitment, hiring, and retention at CPSD. The model that was developed features seven foundational strategies that if implemented, hold potential for improving teacher recruitment, hiring, and retention at CPSD. The seven strategies are: (1) identify the vacancy and write the job description, (2) announce and advertise the teacher vacancy, (3) develop a customized application form, (4) paper screening process, (5) interviewing process, (6) salary and benefit package, and (7) induction and mentoring.

Despite the fact that education plays a vital role in the success of an individual and society as a whole, it is estimated that 1 of every 4 students will not receive a high school diploma four years after starting ninth grade. In an effort to decrease dropout rates and increase graduation rates of high school students, educators are searching for nontraditional methods to increase student achievement. One such method, dual enrollment, involves community colleges in the role as facilitators. While preliminary research indicates a relationship between dually enrolled students and high school graduation, additional data is needed on student demographics and achievement. To build and improve upon the dual enrollment programs of Mississippi’s community colleges, it will be important to know the participation levels and their effect on graduation rates. The purpose of this study was twoold: 1)To examine the proportions of students participating in Mississippi Community College Dual Enrollment Programs based on various demographics. 2)To determine the degree to which Mississippi Community College Dual Enrollment demographics and poverty levels of Mississippi public schools affect high school graduation rates of Mississippi’s Community College Districts. Data were obtained from the State Board of Community and Junior Colleges and the Mississippi Department of Education. Demographic variables chosen for the study included gender, race, curriculum and poverty level. Data from each public school was grouped according to the corresponding community college district, allowing the researcher to better establish the proportions of students participating in dual enrollment and the poverty level of public school students within the district. These proportions were then analyzed to find correlation between demographics and graduation rates of the community college district. Results indicate a low overall percentage of students participating in dual enrollment and disproportioned percentages between community college districts. Regression analyses indicate that race, gender and curriculum did not contribute significantly to the prediction of graduation rate. However, high poverty levels did show a significant relationship to lower graduation rates. Additionally, in every district females were dually enrolled at rates higher than males, and students were enrolled in academic courses notably more than technical/vocational courses.

This dissertation looks at selected matters covered by the statutory provisions on the shareholders protection as set out in the Commercial Code. It focuses mainly on the matters contained in Section 196a of the Commercial Code, Section 193 (2) of the Commercial Code, and on the issue of financial assistance. In addition, this dissertation deals with the legal protection of shareholders under the Business Corporations Act which is to take effect on 1 January 2014, and provides a brief outline of how these matters are regulated under certain foreign laws. As well, it provides a comparison with the legal regulations of the European Union. This dissertation is comprised of three sections, each having several parts. The parts are further divided into articles. Section 1 analyses the statutory provisions on the protection of shareholders as given in the Commercial Code, and is divided into four parts. The introduction, given in Part I, focuses on the protection of shareholders under the Commercial Code in the general sense. The remaining three parts concentrate on the above said selected statutory provisions. In each of those three parts, I attempt to discuss the key purpose of the provisions, describe how they developed including respective amendment (novelizations) of the Commercial Code and, in this context,...