Human resource strategy and practices are effective ways to sustain organizational competitive advantage under the concept of strategic human resource management. It was proved that human resource strategy and business strategy have causal relationship. However, we need to explore the relationships among industry environment, business strategy and human resource in corporations of Taiwan. Using literature review and case studies, this research targeted six firms, which were sampled purposely, to conduct an in-depth interview to explore the relationships among human resource strategy, business strategy, and industry life-cycle. And the results showed below: 1.Business strategy is influenced by industry life-cycle stage and industry category. 2.Different business strategic will result in different human resource strategies and practices, that is, the principle of ¡§fitness¡¨. 3.Operation of human resource management will output multi-changes and combinations, due to cross influences of multi-factors.

<p> Residential stress is a key concept within residential mobility studies. Considerable research, in the past, has been devoted to the task of actually measuring, and quantifying residential stress. </p> <p> Many factors which affect residential stress have been outlined, however, the absolute effect of these factors, and their relative strengths are not known. Many suggest that this is mainly due to the fact that previous research designs have not provided adequate control over extraneous variance, there by preventing the isolation of the effects of individual factors. </p> <p> The body of literature in residential mobility studies exhibits this apparent lack of methodological rigidity through the occurrence of certain inconsistencies in the literature. An example of such an inconsistency deals with the relationship between length of residence and residential stress. studies have been done which actually support the "cumulative inertia hypothesis", that is stress decreases with increasing length of residence, while others have provided evidence for the "cumulative stress hypothesis", that is, stress increases with increasing length of residence. </p> <p> The present study is designed around the recognition of the need to develop and implement a methodology that would alleviate the seemingly contradictory findings presented in the mobility literature. The problem being addressed is to establish the separate and joint effects of life cycle stage and length of residence on residential stress, these being two factors identified in past studies as potentially important determinants of stress. The main findings of the study were that both life cycle stage, and length of residence have significant separate effects on residential stress. Also, when length of residence was introduced as a covariate with life cycle stage in an analysis of covariance, the variation in stress explained by life cycle stage decreased substantially, with length of residence having the greater predictive power. </p> / Thesis / Bachelor of Arts (BA)

Made available in DSpace on 2015-04-16T14:49:06Z (GMT). No. of bitstreams: 1 arquivototal.pdf: 1152474 bytes, checksum: 26700a7c34b11ab01884eb96bde9f8b1 (MD5) Previous issue date: 2013-01-25 / Coordenação de Aperfeiçoamento de Pessoal de Nível Superior - CAPES / This study aimed to analyze whether the market timing and stage of life cycle influence the decision to perform a Public Seasoned Equity Offerings (SEO) in Brazilian companies traded. The analysis focused on whether the probability of a company conduct a SEO is positively related to the index MB (market-to-book), size and stock returns and profitability prior to completion of SEO, and negatively related to the stage lifecycle, profitability and stock return after completion of SEO. Initially we sought to examine the influence of the index market-tobook and returns and future steps in conducting a SEO. dditionally, we sought to examine the influence of firm age and number of years listed in BMFBOVESPA in making an SEO. And, in parallel, we attempted to verify the relationship between SEO and realization of the variables size and profitability. The population consisted of all n-financial companies, publicly traded, with shares traded on the Bolsa de Valores de São Paulo - BM & FBOVESPA, in the period from 2002 to 2010. The model follows the methodology used by H. Deangelo, L. Deangelo and Stulz (2010). Analyzing whether there is a relationship between the logistics company conduct a SEO and variable rate market-to-book, stage of life cycle, past returns and future profitability and size. About the variables we can conclude that there is a relationship between the attainment of SEO content and market-to-book, firm size and profitability after the completion of SEO. The relationships of the variables expected market-to-book and size, were confirmed as positive, however the variable profitability after completion of SEO obtained a negative relationship, thus diverging from the expected. Therefore, hypotheses 1 and 5 of the thesis, that the probability of performing SEO is positively related to the index market-to-book and size, can not be rejected. Descriptive statistics already pointed in this direction, about 81% of the operations were performed by SEO companies that presented index market-to-book more than 1, which indicates some sort of recovery, and the largest proportion, about 55% of the achievements were made by companies that were with index greater than 2.10 MB. Regarding the size, descriptive statistics already presented a preliminary support when showed that most of the offers, about 51% were held by companies that met the range of values of total assets (14 <log assets <16). Furthermore, there were no evidences that confirm the relationship of the stage of the life cycle, the stock return both the previous and subsequent to the achievement of SEO, and the operational performance before and the day of the year with the decision of SEO conduct a public seasoned equity offerings. Although the stage of the life cycle has not been found statistically significant evidence that shows that the vast majority of SEO s, about 57% were held by companies with up to 20 of the constitution, these data are confirmed when we used years BM & FBOVESPA's listing as a proxy for alternative stage of the life cycle, about 79% of SEO s were made by companies that have up to 15 years of listing. Regarding the stock performance of the ANOVA tests indicated an average return of shares a year before the superior achievement in comparison with stock returns one year after the completion of the SEO and the average stock returns in the subsequent year, the SEO companies that made and the companies that did not perform, are equal. The results point toward in favor of market timing theory as an explanation for the conduct of bids, i.e., companies realized the SEO when its shares were valued by the market, taking advantage of the time factor. / Esta dissertação teve como objetivo analisar se o market timing e o estágio do ciclo de vida influenciam na decisão de realizar uma Oferta Pública de Distribuição de Ações Subsequentes (SEO) em empresas brasileiras de capital aberto. A análise se centrou em saber se a probabilidade de uma empresa realizar uma SEO está positivamente relacionada com o índice MB (market-to-book), tamanho e ao retorno acionário anterior à realização da SEO e negativamente relacionado ao estágio do ciclo de vida e ao retorno acionário posterior a realização da SEO. Inicialmente, buscou-se analisar a influência do índice market-to-book e dos retornos acionários passados e futuros na realização de uma SEO. Adicionalmente, procurou-se analisar a influência da idade da empresa e do número de anos listados na BM&FBOVESPA na realização de uma SEO e, paralelamente, verificar a relação entre a realização da SEO e a variável tamanho. A população foi composta por todas as empresas não-financeiras, de capital aberto, com ações negociadas na Bolsa de Valores de São Paulo BM&FBOVESPA, no período de 2002 a 2010. O modelo seguiu a metodologia utilizada por Deangelo, Deangelo e Stulz (2010), analisando se há uma relação logística entre a empresa realizar uma SEO e as variáveis índice market-to-book, estágio do ciclo de vida, retornos passados e futuros e tamanho. Quanto às variáveis, conclui-se que existe relação entre a realização da SEO, o índice market-to-book e o tamanho das empresas. As relações das varáveis market-to-book e tamanho foram positivas, como esperado. Diante disso, as hipóteses 1 e 5 da dissertação, de que a probabilidade de realização de SEO é positivamente relacionada ao índice market-to-book e tamanho, não podem ser rejeitadas. A estatística descritiva apontou que cerca de 81% das operações de SEO foram realizadas por empresas que apresentavam índice market-to-book superior a 1, o que indica algum tipo de valorização e a maior proporção. Cerca de 55% das realizações foram feitas por empresas que se encontravam com índice MB maior que 2,10. No tocante ao tamanho, a estatística descritiva também apresentou um suporte preliminar, quando evidenciou que cerca de 51% das ofertas, foram realizadas por empresas que se encontraram na faixa de valores do ativo total (14< log do ativo < 16). Por outro lado, não foram observadas evidências que confirmem a relação do estágio do ciclo de vida e retorno acionário, tanto no ano anterior quanto no ano subsequente à realização da SEO com a decisão de realizar uma oferta pública de distribuição de ações subsequente. Muito embora o estágio do ciclo de vida não tenha tido significância estatística, foram encontradas evidências, apontando que a grande maioria das SEO s, cerca de 57%, foram realizadas por empresas que possuem até 20 de constituição. Esses dados são corroborados, quando utilizou-se anos de listagem da BM&FBOVESPA como proxy alternativa para estágio do ciclo de vida. No tocante ao retorno acionário, observou-se uma média do retorno das ações de um ano antes da realização superior em comparação com os retornos das ações um ano após a realização da SEO e que as médias do retorno das ações no ano posterior das empresas que realizaram SEO e das empresas que não realizaram eram iguais. Em relação ao desempenho operacional, encontraram-se evidências de diferenças entre o ROA antes e após a realização da SEO e igualdade entre o ROA posterior de empresas emissoras e não-emissoras. Os resultados obtidos apontam na direção a favor da teoria do market timing como explicação para a realização de ofertas, ou seja, as empresas realizaram a SEO quando suas ações estavam valorizadas pelo mercado.

This thesis deals with a Building Information Model (BIM) and its advanced use in construction practice. It focuses on the usage of BIM model in the determination of pressure drop in ventilation pipelines. An application able to calculate the pressure drop in a pipeline branch based on the geometrical parameters of the BIMs of structures was created within the work.