Browsing by Author "Cunha, Ricardo"
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- Adaptation to stress in football athletes: the importance of cognitive appraisalPublication . Rui Gomes, A.; Simães, Clara; Morais, Catarina; Cunha, RicardoThis study analysed the adaptation of football athletes to competitive stressors regarding the upcoming match. For that, the study adopted a cross- sectional methodology using a critical incident approach. The participants were 352 young male football athletes, aged between 15 and 19 years (M = 16.91, SD = 0.99), who were competing in the national football championship. The results indicated that cognitive appraisal partially mediated the relationship between competitive stressors and emotions: athletes who perceived stressors as a challenge, tended to feel more control over the situation and more resourceful (coping perception), leading to a more positive emotional experience, while those perceiving the stressors as a threat were more prone to experience less control and more negative emotions. This mediation model was moderated by athletes’ competitive level (U17 or U19), as the role of challenge perception was more pronounced in the U19 team, while the relationship between threat perception and less control was only observed for the U17 team. In sum, the data reveals the importance of cognitive appraisal in young football athletes’ adaptation to competitive stressors, bolstering the theoretical models in this area and the importance of psychologists to consider these variables during intervention, particularly cognitive appraisal.
- Desenho universal para a aprendizagem e necessidades educativas especiais no ensino de educação moral e religiosa católicaPublication . Cunha, RicardoNa sua prática letiva, o docente de Educação Moral e Religiosa Católica (EMRC) é confrontado com a necessidade de articular o Desenho Universal para a Aprendizagem (DUA) e a conceção curricular em espiral, de Jerome Bruner. O objetivo principal deste estudo é aprofundar as práticas pedagógicas dos professores de EMRC na aplicação do DUA. A amostra é constituída por professores desta área curricular em Portugal, num total 181 participantes. Os resultados revelam que os docentes de EMRC estão envolvidos na construção de uma escola inclusiva. Apesar de algumas similaridades entre a conceção curricular de Jerome Bruner e as fases de envolvimento e representação do DUA, os professores de EMRC inquiridos apresentam bastantes dificuldades em incluir todas as fases do DUA na sua prática pedagógica, em especial, a expressão, o que sugere a necessidade de formação contínua nesta área, como forma de promover práticas pedagógicas inclusivas.
- Determinants of outstanding mortgage loan to value ratios: evidence from the netherlandsPublication . Cunha, Ricardo; Lambrecht, Bart M.; Pawlina, GrzegorzThis paper studies the determinants and behavior of outstanding mortgage loan to value (LTV) ratios for a panel data set of 5,179 households over the period 1992-2005. We find that outstanding LTVs are driven by household characteristics, life-cycle effects and mortgage type characteristics. LTV declines with the time elapsed since mortgage commencement, but its level is consistently higher (by around 10%) for non-repayment mortgages (such as interest-only or endowment mortgages) than for repayment mortgages (such as linear or annuity mortgages). The difference results from higher debt capacity associated with the possibility of deferring the principal repayment for non-repayment mortgages. Our results indicate that the recent proliferation of non-repayment mortgages is driven by tightening financing constraints due to declining affordability in the housing market and that the overall quality of outstanding mortgages has substantially deteriorated over the last decade.
- Determinants of outstanding mortgage loan to value ratios: Evidence from the NetherlandsPublication . Cunha, Ricardo; Lambrecht, Bart M.; Pawlina, Grzegorz
- Household liquidity and incremental financing decisions: Theory and evidencePublication . Cunha, Ricardo; Lambrecht, Bart M.; Pawlina, GrzegorzIn this paper we develop a stochastic model for household liquidity. In the model, the optimal liquidity policy takes the form of a liquidity range. Subsequently, we use the model to calibrate the upper bound of the predicted liquidity range. Equipped with knowledge about the relevant control barriers, we run a series of empirical tests on a panel data set of Dutch households covering the period 1992-2007. The results broadly validate our theoretical predictions that households (i) exhaust most of their short-term liquid assets prior to increasing net debt, and (ii) reduce outstanding net debt at the optimally selected upper liquidity barrier. However, a small minority of households appear to act sub-optimally. Poor and vulnerable households rely too frequently on expensive forms of credit (such as overdrafts) hereby incurring substantial amounts of fees and fixed borrowing costs. Elderly households and people on social benefits tend to accumulate too much liquidity. Finally, some households take on expensive short-term credit while having substantial amounts of low-yielding liquid assets.
- How banks price loans in leveraged buy-outs: an empirical analysis of spreads determinantsPublication . Pinto, João; Pacheco, Luís; Alves, Paulo; Cunha, RicardoThis paper investigates which factors determine the pricing of loans in LBOs, using a worldwide sample of 12,673 syndicated loans closed during the 2000 - 2013 period . We find that spreads and pricing processes differ significantly in market - based versus bank - based financial systems as well as in the U.S. vis - à - vis W.E. In the pre - crisis period borrowers in market - based financial systems face higher spreads (33.59 bps) than those in bank - based financial systems and loans closed in common law countries are associated with higher spreads ( 50.71 bps ) than those closed in civil law countries . D uring the crisis period only loans in common law legal systems are associated with higher spreads . In line with Carey and Nini’s (2007) findings , w e show that U.S. borrowers face higher spread s than W.E. borrowers. We also find that the pric ing of loans in LBOs depends mainly on marketability and default factors and that acquired firms with a h igher cash flow potential and asset tangibility face lower spreads. Finally, a robust convex relationship between spread and maturity is found for loans in LBOs .
- A stochastic dynamic programming model for valuing a eucalyptus investmentPublication . Cunha, Ricardo; Fontes, Dalila B. M. M.
- The Dutch housing market: trends, risks, and outlookPublication . Cunha, Ricardo; Lambrecht, Bart M.; Grzegorz, Pawlina