Submitted by Ricardo Cedraz Duque Moliterno (ricardo.moliterno@uefs.br) on 2016-09-13T20:39:32Z No. of bitstreams: 1 TENDAS DE UMA FEIRA - EXPRESS?ES E SENTIDOS NA PRODU??O DE (ENTRE) LUGARES EM JACOBINA, BA - LUZI.pdf: 2405434 bytes, checksum: 6bc29ec7098de0e2db4b75f53b707d2b (MD5) / Made available in DSpace on 2016-09-13T20:39:32Z (GMT). No. of bitstreams: 1 TENDAS DE UMA FEIRA - EXPRESS?ES E SENTIDOS NA PRODU??O DE (ENTRE) LUGARES EM JACOBINA, BA - LUZI.pdf: 2405434 bytes, checksum: 6bc29ec7098de0e2db4b75f53b707d2b (MD5) Previous issue date: 2016-03-28 / This dissertation aims to point out (demonstrate/ highlight) through expressions and images in movement, the places which are produced in Jacobina's open market (State of Bahia). The exploited affections were perceived from conversations, sonic places of desires, rhythm and blood flow in order to provoke us to think about education, daily life and cultural differences. In this sense, we go through the mapping of expressions using discussions and photos; mapping of sensations, allowing us to go into/away of what we define as knowledge; and experimentally, realizing the intensities which happen in place and create other territories that compound in a fair many places, (re)invented by movements of desires from new existences in the world, which leads us to critically think education from outside as long as we do (not) accept that there are closed groups and only one cultural space to teach and learn school. / Esta disserta??o procura indicar/apreciar, por meio das express?es e imagens em movimentos, os (entre) lugares que se produzem na feira livre de Jacobina/BA. Os afetos explorados foram percebidos das conversas, dos lugares s?nicos de desejos, ritmos, fluxo sangu?neo, a nos provocar a pensar tamb?m as educa??es, o cotidiano e as diferen?as culturais. Para tanto, caminhamos na cartografia das express?es atrav?s das conversas e fotos; cartografia das sensa??es, nos possibilitando entrar/sair do que ?definimos? como conhecimento; e experimental, percebendo as intensidades que acontecem no lugar e criam territ?rios que se comp?em em uma feira de v?rios lugares, (re) inventada nos movimentos dos desejos, com novas presen?as no mundo, que nos coloca em crise ao pensarmos a educa??o para fora, ? medida que nos (in) conformamos com a fixa??o de que haja blocos fechados, um espa?o ?nico de cultura e de ensinar e aprender-escola.

Denna studie visar utbetalningspolitiken hos företag noterade på Stockholmsbörsen år 2000-2015. Svensk utbetalningspolitik skiljer sig från utbetalningspolitiken i USA och inom EU. I Sverige fick återköp som utbetalningsform stor genomslagskraft år 2000 men trots detta är utdelningar fortsatt den dominerande utbetalningsformen idag. Vid en uppdelning i finansiella och industriella företag blir det tydligt att finansiella företag fått en allt mer betydelsefull roll inom svensk utbetalningspolitik. En ökad koncentration av det kassaflöde samtliga företag fördelar till aktieägare tycks inte kunna urskiljas på den svenska marknaden. Skiljer man på finansiella och industriella företag går det att se en ökad koncentration av det kassaflöde som fördelas av finansiella företag. År 2015 finns en stor andel mogna företag på Stockholmsbörsen vilket förklarar att total utbetalning av företag har ökat sedan 2000. Det framkommer genom att studera företagens kapitalstruktur och fas i den ekonomiska livscykeln. / This paper depicts payout policies of companies listed on the Stockholm Stock Exchange (SSE) 2000-2015. Payout policy in Sweden differs significantly from policy in the U.S. and the rest of the EU. In Sweden open market stock repurchases (OMR) came to be the dominant method of payout back in 2000. However, since then dividends have taken over the scene. Comparing financial and industrial corporations, makes it evident that financial corporations have come to gain prominence when it comes to shaping payout policy. It is not possible to entail an increasing concentration of cash flow that companies distribute to shareholders, when investigating the entire Swedish stock market. Dividing between the two sectors proves a heightened concentration of payouts among financial corporations. In 2015 mature companies have come to gain a greater share of SSE, which explains the increased number of dividend paying corporations since 2000. This becomes evident when examining the capital structure of the companies and their phase in the economic lifecycle.

We study the long-term performance of companies listed on the Stockholm Stock Exchange that announced their intention to repurchase shares between the years of 2005 and 2013. We test the hypothesis that the market underreacts to share repurchase announcements and that repurchasing firms consequently outperform the market in the following years. We find that repurchasing firms yield a cumulative abnormal return of 15.76 percent, significant at the 1 percent level, over the four years following the announcement. To address the concern that microcaps may be driving the results, we also investigate the differences in abnormal returns between companies of different sizes. We form three portfolios based on market capitalization and find that the large, medium-sized and small companies yield 14.34 percent, 20.13 percent and 6.61 percent respectively. / Vi studerar den långsiktiga avvikelseavkastningen för företag noterade på Stockholmsbörsen som annonserat aktieåterköp mellan åren 2005 och 2013. Vi testar hypotesen att marknaden underreagerar på dessa annonseringar och att aktieåterköpande företag överpresterar marknaden de nästkommande åren. Vi finner att företag som återköper aktier ger en kumulativ abnormal avkastning på 15,76 %, signifikant på enprocentsnivån, under fyra år efter att företaget annonserat ett aktieåterköpsprogram. För att bemöta kritik mot tidigare anomaliforskning om att microcaps ofta snedvrider resultaten, undersöker vi skillnader i avvikelseavkastning mellan företag i olika storlek. Vi skapar tre portföljer baserat på företagens marknadsvärde och finner att stora, mellanstora och små företag genererar en kumulativ avvikelseavkastning på 14,34 %, 20,13 % samt 6,61 %.

Le rachat d'actions est devenu au fil des années une opération financière répondue au même titre que la distribution de dividende. Toutefois, le rachat reste une opération complexe dont la recherche peine à apprécier les motivations et les conséquences. En effet, la décision de rachat est à la fois une décision d'investissement, de distribution, de structure de capital et un moyen de modifier la structure de l'actionnariat. Cette recherche se penche sur les motivations des opérations de rachat d'actions annoncées sur le marché français et analyses leurs conséquences et impacts sur le cours de l'action, les conflits d'agence et la structure de l'actionnariat. / The share repurchase has become in recent years an increasingly important instrument for distributing cash to shareholders. However, the repurchase is a complex operation whose research has difficulties to appreciate its motivations and consequences. Indeed, the decision to repurchase is an investment, payout, and capital structure decision and also the way to change the ownership structure. This research examines the motivations of buyback program of French market and analyzes their implications and impacts in stock price, agency conflicts and ownership structure.

The goal of this diploma thesis was creation of pricing details for the determination of open-market rent without regulation of prices for apartments for the Brno – Královo Pole locality. As a basis for diploma were used data of achieving market rents taken from databases of two estate agencies. Apartments were divided into categories according disposition on small, middle, large and luxury. In each category was defined a standard from which was basic price made. After that were created twelve groups which enabled to judge influence of each factor on rent. As a factor (quantity) influencing a rent were defined – state of property, characteristic type of construction, equipment of apartment. As a result was total summary of basic rental prices for each categories relating to floor area and was defined influence of each factor.

No description available.

The aim of this thesis is to show how the unconventional monetary policy rounds of Quantitative Easing introduced in the United States between 2008 and 2014 have led to an increase in wealth inequality. The need for the thesis arises due to the uncharted nature of QE and because of more and more information is surfacing to light which points to this connection. By analysing the distribution of these funds and adding it to the then base distribution of money supply, this study was able to determine a significant 10 % increase in the Gini Index. Furthermore it highlights how a large portion of wealth was transferred from the middle class over to the top 5 % income households. Starting from a set of assumptions the calculation is performed by extrapolating the data required and by isolating the system from any external variables. The result is a theoretical model meant to describe the mechanism that links Quantitative Easing to wealth inequality. Moreover a detailed comparison is provided with the effect of a conventional monetary policy such as Open-Market Operations. Finally solutions to this issue are being discussed from economical, political and fiscal standpoints.

The thesis "Analysis of the valuation methods for an industrial site" deals, as the name suggests, with the analysis of the valuation methods for an industrial site. An industrial site will be valued in accordance with the valid valuation rules and then by an open market price. The calculation of the valuation will be divided into the valuation of the building and the appropriate sites. All methods used will be sufficiently analyzed and compared. In common with the valuation process, the main factors affecting the cost of an industrial building and the site will be determined. In the first part of the thesis I will devote the theoretical appraisal, in the second part of the thesis I will devote the practical use of valuation methods.

This diploma thesis is focused on assessment of methods in valuation of production area. The area will be valued according to valid price regulations and the usual price. Land will be valued separately. The individual valuation methods will be analyzed and an expert estimate of the price of the whole area will be determined after their evaluation. Using the direct comparison method, a market value estimate will be determined. The real estate market in this area will be analyzed with similar real estate and the main factors affecting price levels will be analyzed. The first part of the thesis will be devoted to theoretical knowledge, then there will be formulated individual problems and used methods, which were used for valuation. In the next part the results of individual methods will be stated and in the final part these results will be analyzed and compared with the recommended sessions for individual methods.

The VAT treatment of over-allowances in the motor retail industry has proved contentious for South African Revenue Services (“SARS”). VAT legislation dictates that notional VAT may be claimed on the lower of the open market value and the consideration paid. The industry, however, claims notional VAT on the actual consideration paid for a used vehicle on the basis that a higher output VAT will be declared on the consequent sale of the new vehicle. This is because the over-allowance is offset against the lower discount granted. SARS allows this practice on account of SARS’ own issuance of a binding general ruling, provided certain criteria are met. This ruling is contained in the VAT Guide to Motor Dealers. This study performs an analysis of the current practice by South African motor retailers pertaining to over-allowances. The aim of the study is to determine the impact on the industry of the issuance of the Guide, both practically and from the perspective of compliance, focussing on VAT legislation and Competition Commission legislation. The study discusses the requirements contained in the Guide in the light of the Competitions Act and the practical benefits, and concludes that the industry is satisfied with the issuance of the Guide, despite its silence on the interpretation of certain key criteria. The industry has chosen to assume that, as SARS has acted reasonably in the issuance of the Guide, it would not expect the industry to deviate from any other legislation, including the Competitions Act. If SARS is not satisfied with this interpretation, the Guide will have to be amended to include definitions of terms such as “permissible discount”. AFRIKAANS : Die hantering van die toelating van oormatige BTW in die motorvoertuig-kleinhandelsindustrie is, insover dit die Suid-Afrikaanse Inkomstediens (“SAID”) betref, omstrede. BTW-wetgewing bepaal dat geagte BTW gehef mag word op die laagste van ope markwaarde en die werklike bedrag betaal. In die motorvoertuigindustrie word BTW egter altyd gehef op die werklike bedrag betaal vir ‘n gebruikte voertuig met die veronderstelling dat hoër uitset BTW verklaar gaan word met die verkoop van ‘n nuwe voertuig wat die inruiltransaksie tot gevolg gaan hê. Daar word geredeneer dat die oortoelating van BTW uitgekanselleer gaan word deur ‘n laer afslag op die nuwe verkope. As gevolg van bindende bepalings in die BTW Handleiding vir Motorhandelaars, wat uitgereik is deur die SAID en die nakoming van sekere voorwaardes deur die motorhandelaars, laat die SAID hierdie praktyk toe. In hierdie mini-verhandeling word die vereistes wat in die Handleiding vervat is teen die agtergrond van die Wet op Mededinging en die praktiese voordele daarvan bespreek. Die gevolgtrekking is dat die motorvoertuigindustrie tevrede is met die uitreiking van die Handleiding vir motorhandelaars ongeag die feit dat sekere sleutel aspekte nie in die Handleiding voldoende toegelig word nie. Die motorindustrie het die aanname gemaak dat SAID redelikerwys opgetree het deur die Handleiding uit te reik en sal daarom nie verwag dat die industrie van enige ander wetgewing sal afwyk nie, insluitende die Wet op Mededinging. As die SAID nie tevrede is met hierdie interpretasie nie sal dit beteken dat die Handleiding aangepas sal moet word om ander relevante terminologieë soos “toelaatbare afslag” beter te omskryf en te verduidelik. Copyright 2011, University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria. Please cite as follows: Coventry, MA 2011, A critical analysis of the VAT implications of over-allowances in the South African motor retail industry, MCom dissertation, University of Pretoria, Pretoria, viewed yymmdd < http://upetd.up.ac.za/thesis/available/etd-03092012-112915 / > F12/4/77/gm / Dissertation (MCom)--University of Pretoria, 2012. / Taxation / unrestricted