[pt] Um argumento comum contra as privatizações de bancos oficiais é que elas elevam o spread bancário, por reduzirem a pressão competitiva sobre bancos privados. Este artigo demonstra, porém, que bancos oficiais podem inibir a competição entre bancos privados, tornando ambíguo o impacto das privatizações sobre o spread. Para avaliar esta ambigüidade, determinamos o impacto das 20 privatizações e liquidações de bancos oficiais, ocorridas entre 1996 e 2001, sobre preços de ações negociadas na BOVESPA. Identificamos que não houve perda de valor para as empresas mais endividadas e que, apesar das privatizações terem aumentado o valor de mercado de um dos maiores bancos privados brasileiro (Banco Real), os preços de outros bancos privados caíram. Esta evidência favorece à hipótese de que os bancos oficiais inibiam a competição entre os bancos privados. / [en] A common argument against privatizations of state-owned banks is that it leads to larger interest rates, through the riddance of competitive pressure over private banks. This paper demonstrates that state- owned banks also can prevent a high competition between private-owned banks. The impact of privatizations over oligopolistic credit markets is, therefore, an empirical question. In order to answer this question, we studied the 20 Brazilian banks privatizations during the second half of 90`s using stock returns. We could not identify negative changes in value for the most leveraged public firms. Furthermore, while only one large Brazilian private bank (Banco Real) benefited from the privatizations, other private banks lost market value. These findings are consistent with the hypothesis that privatizations lower spreads by fostering competition in the credit markets.

Made available in DSpace on 2015-09-25T12:18:14Z (GMT). No. of bitstreams: 1 FranciscoEvangelistaPorto.pdf: 1165259 bytes, checksum: 74ec4fee1981b53022e6af1e2985a25b (MD5) Previous issue date: 2007-10-02 / The development of a city has a direct connection to its origin, localization and economic vocation, but the acceleration or the delay of its development depends the state-owned politics applieds in the city. The city of Campina Grande origin comes from a village localized in a junction of four importants highways in Paraíba state, so its economic vocation since its foudantion was commerce. The research tries to identify the state-owned politics applieds in the city of Campina Grande and measure the contribution of these politics to the urban expansion. The more significative state-owned politics applied in the development of the city in all its history was mapped, while was being a temporal cartography of the urban evolution. There are identified five periods relationed to the urban expansion where the state-owned politics has accelereted or delayed the increase of the city. The first one is relationed to a federal railway transportation state-owned politic. The second period is about a municipal politic of urbanization. Third involves a municipal politic of industrial development. The fourth treats the state-owned politics applieds during the military government, and the last period relates the redemocratization period of the country. The cartographic reconstitution of the city illustrates the state-owned politics relation to the urban increase. This reconstitution made by historic documentation resulted in a city chart of the final of each period. The conclusion points that the state-owned politics contributed more to delay than to accelerate the increase of Campina Grande city. / O crescimento de uma cidade está diretamente ligado a sua origem, localização e vocação econômica, mas seu crescimento pode ser acelerado ou retardado dependendo das políticas públicas nela desenvolvidas. A Cidade de Campina Grande teve sua origem em uma aldeia localizada em um entroncamento de quatro importantes rodovias do estado da Paraíba, assim sua vocação econômica desde a fundação foi o comércio. A pesquisa em foco teve por objetivo identificar as políticas públicas implementadas na Cidade de Campina Grande e mensurar sua contribuição para expansão urbana. Para tanto, foi feito um mapeamento das políticas públicas mais significativas voltadas para o desenvolvimento da cidade ao longo de sua história, e, ao mesmo tempo, foi feita uma cartografia temporal da evolução urbana. Assim foi possível mapear cinco períodos onde houve ações de políticas públicas que aceleraram ou que retardaram o crescimento da cidade e que estão relacionadas com a expansão urbana. O primeiro período está relacionado com uma política pública federal de transporte ferroviário, o segundo trata de uma política municipal de urbanização, terceiro envolve uma política municipal de desenvolvimento industrial, o quarto refere-se a políticas federais durante o governo militar e, o ultimo está relacionado com o período de redemocratização do país. A reconstituição cartografia da cidade ilustra as relações dessas políticas com o crescimento urbano. Essa reconstituição foi feita a partir de documentação histórica, resultando em uma carta da cidade referente ao final de cada período. Este trabalho aponta para uma conclusão de que as políticas públicas implementadas contribuíram mais para retardar do que acelerar o crescimento da Cidade de Campina Grande.

Lorsque l’on évoque les entreprises familiales et leurs transmissions, une série d’images viennent à l’esprit, qui mêlent famille, patrimoine et dynastie. Suivant cette "mythologie" de sagas familiales et suivant cette idée que l’entreprise est, pour la famille qui la possède et la gère, à la fois un moyen de production et un moyen d’existence matérielle et symbolique, on en vient à nourrir l’idée que dans la "famille en entreprise" la fusion entre celle-là et celle-ci est telle que ses membres doivent avoir à cœur de transmettre l’entreprise, de la faire durer et d’ainsi faire durer la famille. Or, il s’avère que c’est loin d’être le cas: la transmission de l’entreprise au sein de la famille est une possibilité qui suscite peu d’adhésion. <p>Ce constat soulève de nombreuses questions, que nous avons plus spécifiquement posées aux petites PME. Comment les parents sont-ils "disposés" face à cette possibilité de transmettre l’entreprise à leurs enfants? Quelle place ceux-ci donnent-ils à l’entreprise dans leurs projets? Quel regard les familles en PME portent-elles sur le futur de leur entreprise? Comment, par les idiosyncrasies familiales, l'environnement économique et le contexte social, expliquer les faveurs et défaveurs que reçoit l’idée de transmission? C’est à ces interrogations que cette thèse entend répondre, en explorant le passé et le présent de douze PME et des familles qui les portent, douze "cas" nourris par une approche qualitative, triangulaire, transfamiliale et multigénérationnelle. / Doctorat en sciences sociales, Orientation sociologie / info:eu-repo/semantics/nonPublished

International Joint Ventures are important for international Business. In recent years, firms started to convert their International Joint Ventures into Wholly Foreign Owned Enterprises. However, there is only a limited understanding for the conversion of International Joint Ventures into Wholly Foreign Owned Enterprises. The purpose of this study is to offer reasoning for this phenomenon. The theoretical framework that was developed for this thesis is based on the FDI Motive theory and the OLI framework. From a methodological perspective, a deductive approach is followed. The qualitative research was using a multiple case study design to collect primary data to answer the research questions. The results of this study suggest, that two aspects of the FDI Motive theory have an effect on the International Joint Venture conversion into a Wholly Foreign Owned Enterprise. For the market seeking motive, firms believe to be able to better maximize their market share by taking full control over the subsidiary. Also, the resource seeking motive is in this thesis identified as an important reason for the conversions, as companies see especially advantages in taking full control over labour in those markets. However, the Strategic Asset Seeking and Efficiency Seeking motives are not included in the study. Also, several changes of OLI factors were identified as impactful for the conversion. The decrease of cultural difference between home and foreign market, the increase of perception of market size, gaining of international experience as well as the decrease of risk in the foreign market are all factors which are important for the reasoning of converting an International Joint Venture into a Wholly Foreign Owned Enterprise. In addition, no correlation between the conversion and the enforcing of contracts or the size of the company were observed in this study. Furthermore, this thesis suggests that there are also other factors that were not identified by the theoretical frameworks. Lack of trust in the partner, liberalisation of governmental regulations, bad financial performances of the International Joint Ventures and economic crises are aspects that have an influence on conversions as well. The findings of this thesis will help Swedish based firms to understand the phenomenon of firms converting their International Joint Ventures into Wholly Foreign Owned Enterprises in India and the People’s Republic of China.

International Joint Ventures are important for international Business. In recent years, firms started to convert their International Joint Ventures into Wholly Foreign Owned Enterprises. However, there is only a limited understanding for the conversion of International Joint Ventures into Wholly Foreign Owned Enterprises. The purpose of this study is to offer reasoning for this phenomenon. The theoretical framework that was developed for this thesis is based on the FDI Motive theory and the OLI framework. The results of this study suggest, that two aspects of the FDI Motive theory have an effect on the International Joint Venture conversion into a Wholly Foreign Owned Enterprise. For the market seeking motive, firms believe to be able to better maximize their market share by taking full control over the subsidiary. Also, the resource seeking motive is in this thesis identified as an important reason for the conversions, as companies see especially advantages in taking full control over labour in those markets. However, the Strategic Asset Seeking and Efficiency Seeking motives are not included in the study. Also, several changes of OLI factors were identified as impactful for the conversion. The decrease of cultural difference between home and foreign market, the increase of perception of market size, gaining of international experience as well as the decrease of risk in the foreign market are all factors which are important for the reasoning of converting an International Joint Venture into a Wholly Foreign Owned Enterprise. In addition, no correlation between the conversion and the enforcing of contracts or the size of the company were observed in this study. Furthermore, this thesis suggests that there are also other factors that were not identified by the theoretical framework. Lack of trust in the partner, liberalisation of governmental regulations, bad financial performances of the International Joint Ventures and economic crises are aspects that have an influence on conversions. The findings of this thesis will help Swedish based firms to understand the phenomenon of firms converting their International Joint Ventures into Wholly Foreign Owned Enterprises in India and the People’s Republic of China.

Magister Commercii - MCom / China is a country built on traditions and one of its most respected traditions is a preference for the family unit. The closeness of the family unit is carried over into the economic life of the country. Family members not only live together, but also work together in the fields or in enterprises. The advantage of this is that families have a guaranteed labour force that is not only loyal and can also be trusted. The disadvantage however is that positioning within the business is not always based on merit and competence, or trustworthiness which can ultimately impede growth. This research was an examination of Chinese family-owned businesses that focused on their management practices. The purpose of the study was to explore the management characteristics of Chinese family-owned businesses by means of interview data collected from five Chinese businesses in the Cape Metropolitan area. The emphasis of the project concentrated on the establishment, expansion and growth, ownership and leadership, management structure, the impact of cultural factors and the strategy for the future as well as challenges in terms of competitors and environments. / South Africa

Small businesses owned by women cease operations 11% more often than businesses owned by men. Women, who own over 37% of all businesses in the United States, contribute significantly to the 50% small business failure rate. The purpose of this multiple-case study was to explore strategies 5 women who own small businesses use to succeed in business beyond 5 years on Bainbridge Island, Washington. The theory of constraints was the conceptual framework. Data were collected through semistructured face-to-face interviews, websites, company documents, and archival records. Transcript review of interview response data was used to strengthen the credibility of the interview data. Three themes emerged: customer and employee relations, leadership, and strategic management. Customer and employee relations were the most important theme, and strategic management was the second most important. Strategic management was one of the main sources of growth in all the 5 participant's businesses. Participants discussed skills in managerial decisions and strategies to manage the day-to-day business operations that played an active role in entrepreneurship. Female small business owners identified strategies used to eliminate constraints that may have prohibited the business operation to succeed. The findings may inspire entrepreneurs to enhance their leadership skills, increase capacity to expand their small businesses, start new businesses, and explore entrepreneurial options. Social implications include the potential to serve as a guide that encourages female entrepreneurs to enhance their professional practices and to adopt new business strategies to make better strategic decisions.

Titel: Kvalité i hållbarhetsrapporter - En kvantitativ studie om kvalité i statligt ägda företag och privatägda företags hållbarhetsrapporter Författare: Isabelle Fernqvist &amp; Desiré Kolmodin Handledare: Linus Axén Nyckelord: Hållbarhetsrapportering, Kvalité, Kvalitetsindex, Omfattning, Hybridorganisationer, Statligt ägda företag, Privatägda företag Bakgrund: Hållbarhetsrapportering är ett högst aktuellt och omtalat ämne i dagens samhälle, där förväntningar på företag att rapportera sina hållbarhetsaktiviteter och klimatrelaterade risker ökar allt mer. Kvalitén på innehållet i hållbarhetsrapporter är av stor betydelse då företags intressenter riskerar att reagera negativt om hållbarhetsrapporten inte uppfyller deras förväntningar. Trots det visar undersökningar att svenska företag tenderar att enbart redovisa positiva miljöavtryck snarare än konkreta miljökonsekvenser, och brister därmed i sin hållbarhetsrapportering. Tidigare studier uppger en brist på forskning om hur olika ägarstrukturer kan påverka kvalitén på hållbarhetsrapporter. Statligt ägda företag och privatägda företag skiljer sig i ägarstruktur och har därmed olika syften med sina verksamheter, vilket driver studien att jämföra om det finns skillnader i kvalité mellan företagens hållbarhetsrapporter. Syfte: Syftet med studien är att förklara och jämföra kvalité i statligt ägda företag och privatägda företags hållbarhetsrapporter Metod: Studien har en kvantitativ metod med en deduktiv ansats, då en hypotes genereras utifrån en litteraturgenomgång. En innehållsanalys genomförs för att koda kvalitativ information i hållbarhetsrapporter till kvantitativ information genom att samla in data från årsredovisningar och hållbarhetsrapporter. Insamlad data från 30 statligt ägda företag och 30 privatägda företag analyseras sedan i SPSS. Slutsats: Studiens resultat visar att olika ägarstrukturer påverkar hållbarhetsrapportering i form av att statligt ägda företags hållbarhetsrapporter har bättre kvalité jämfört med privatägda företag. Ett signifikant positivt samband föreligger mellan kvalité och statligt ägda företag där statligt ägda företag uppnår ett högre genomsnittligt kvalitetsindex och rapporterar fler antal ord i sina hållbarhetsrapporter. Av studiens kontrollvariabler visade storlek starkast signifikant positivt samband med kvalitén i hållbarhetsrapporter. / Title: Quality in sustainability reports - A quantitative study about quality in state-owned enterprises and privately owned enterprises sustainability reports Authors: Isabelle Fernqvist &amp; Desiré Kolmodin Supervisor: Linus Axén Keywords: Sustainability reporting, Quality, Quality Index, Extent, Hybrid organizations, State-owned enterprises, Privately owned enterprises Introduction: Sustainability reporting is a current and discussed topic in today's society, where expectations on companies to report their sustainability activities and climate-related risks are increasing. The quality of the content in sustainability reports is of great importance as companies stakeholders can react negatively if the sustainability report does not meet their expectations. Nevertheless, studies show that Swedish companies tend to report positive environmental impacts rather than concrete environmental consequences which can lead to inadequate sustainability reports. Previous studies show a lack of knowledge on how different ownership structures can affect the quality in sustainability reports. State-owned and privately owned enterprises differ in ownership structure and thus have different purposes with their organizations, which leads the study to compare whether there are differences in quality between sustainability reports. Purpose: The purpose of the study is to explain and compare quality between stateowned enterprises and privately owned enterprises sustainability reports. Method: The study has a quantitative method with a deductive approach, as a hypothesis is generated based on a literature review. A content analysis is performed to code qualitative information in sustainability reports to quantitative information by collecting data from annual reports and sustainability reports. The collected data from 30 state-owned and 30 privately owned enterprises are then being analyzed in SPSS. Conclusion: The results of the study show that different ownership structures affect sustainability reporting where state-owned enterprises´ sustainability reports have better quality compared to privately owned enterprises. There is a significant positive relationship between quality and state-owned enterprises. They achieve a higher average quality index and report more words in their sustainability reports. The control variable size showed the strongest significant positive relationship with quality in sustainability reports.

Thesis (MBA.) -- University of Limpopo, 2022 / In today‟s post-modern era, the role of women-owned small businesses in economic development is inevitable. Women are willing to act in business and contribute to the nation‟s growth. However, most women in small businesses face a wide variety of challenges both in starting and in growing their business ventures. Some of the challenges relate to lack of skills and an environment that is not favourable to women small business owners. Thus, a study was conducted in Lepelle-Nkumpi local municipality in Limpopo Province. The aim of the study was to investigate the challenges faced by women-owned small businesses in the Lepelle-Nkumpi local municipality, Limpopo Province of South Africa. The study used a qualitative research method to collect data. Fifteen (15) individuals participated in the study; twelve (12) of the participants were women who owned small businesses in the municipality and three (3) of the participants were officials working in the LED unit. Participants in the study were chosen purposively because of the knowledge that they possessed. Semistructured interviews were used in the qualitative study to collect data. The study discovered that some of the challenges included lack of skills and training, lack of access to finance, lack of marketing strategies and inadequate resources. Thus, the study recommended that the municipality should provide need-based training for small business owners.

Denna uppsats syftar till att redogöra för om och varför ett offentligt bostadsrättsregister skulle underlätta för fastighetsmäklare i deras yrkesutövning samt föra en egen diskussion kring hur ett register bör uppföras, vad det ska innehålla och hur det kan finansieras. Den svenska regeringen har både 1996 och 2005 tillsatt utredningar för att undersöka om ett sådant register borde bli verklighet men utfallen har vid båda tillfällena avslagits, varpå en ny utredning påbörjades i december 2020 som ska presenteras senast i juli 2022. Det primära dilemmat som behöver förändras är att pantsättningsförfarandet för bostadsrätter ska göras mer rättssäkert. I dagsläget sköts pantsättningen genom underrättelse, denuntiation, mellan panthavare och bostadsrättsföreningen via otydliga och framför allt föråldrade regler. Bostadsrättsföreningarna bär ett överdådigt ansvar på sina axlar genom skyldigheten att upprätta och hålla den så kallade lägenhetsförteckningen uppdaterad. Styrelseledamöterna är ofta lekmän och har således inga utbildningskrav men kan vid misstag, från dem eller tidigare ledamöter, tvingas erlägga både skadestånd och böter. Det finns därför stora risker för rättsliga fel i bostadsrätter vilket därtill beror på svårigheter för bostadsrättsföreningen att avgöra om informationen de får ska noteras i lägenhetsförteckningen eller ej, dold pant, ej avnoterad pant samt felaktiga uppgifter i förteckningen. Problemen torde kunna lösas genom att införa ett digitalt offentligt bostadsrättsregister som uppförs och administreras av professionell aktör, förslagsvis en Bostadsrättsmyndighet som ligger under Lantmäteriets organisation. Registret ska tillgängliggöras för flera olika parter, däribland mäklare, bostadsrättsföreningar och ekonomiska förvaltare, bostadsrättshavare, panthavare och diverse myndigheter såsom finanspolisen och Kronofogden. I samband med att registret ska införas behöver information från nuvarande lägenhetsförteckning konverteras och framför allt korrigeras för att samtliga uppgifter ska stämma. När det väl är gjort kommer mäklaren enklare kunna fullgöra sin kontrollskyldighet när de på “ett klick” i sitt mäklarsystem kan begära ut aktuell data om bostadsrätten som ska förmedlas. / The purpose of this essay is to examine if and why a public register over the tenant-owned apartments would make it easier for real estate brokers in their professional  practice. In the analysis we will also bring to discussion a proposal regarding the construct, content and funding of the register. The Swedish government has appointed investigations in both 1996 and 2005 to analyse whether such a register should become a reality. However, the results have in both cases been negative, after which a new investigation was started in December 2020, that will be presented no later than July 2022. The primary dilemma that needs to change is that the procedure of pawnbroking for tenant-owned apartments must be more legally secure. At present, the pawnbroking is managed through an appraisal, from the pledgee, to the tenant-owner associations by vague and outdated rules. The responsibilities of the tenant-owner associations are overmuch by reasons of the obligations to establish and update an apartment register. Usually the board members are lay people and thus have no training requirements. Who can, in case of mistakes, be obligated to render both damages as well as fines. Therefore, there are great risks of legal errors for tenant-owned apartments, which is also due to the association to determine whether the information they receive should be noted in the register or not. Beyond that, there are also issues regarding pawnbroking that are hidden or not delisted and incorrect information in the register. The problems should be solved by introducing a digital public tenant-owned apartment register, established and administered by professional actors. As a suggestion, a tenant-owned apartment administrative authority, Bostadsrättsmyndigheten, that is in the same organisation as the land surveying, Lantmäteriet. This register shall be made available to several different parties, including real estate brokers, tenant-owner associations, financial managers, tennants, pledgees and various authorities such as the financial police department and the Swedish Enforcement Authority. In connection with the introduction of the public register, information from the current apartment register needs to be converted and above all corrected to ensure properness. These efforts will eventually simplify the real estate broker’s control obligation related to whether the apartment is afflicted with pledges or not. Since they immediately can request the latest data regarding the apartment that will be mediated.