Browsing by Issue Date, starting with "2018-02-26"
Now showing 1 - 10 of 13
Results Per Page
Sort Options
- The effect of asynchronous communication on the relationship between intragroup conflicts and transition processesPublication . Tschas, Eva Maria; Costa, Patrícia LopesThe aim of this research is to evaluate the effect of asynchronous communication on the relationship between intragroup conflicts and transition processes. Data was collected from 332 respondents with the help of a questionnaire. Results of the moderation analysis showed that asynchronous communication has a significantly negative impact on the association of relationship conflict and transition processes. Even though, the impact of asynchronous communication on the relationship between task conflict and transition processes was not significant. The discussion part focuses on the moderation model and reasons why the negative effect of low synchronous communication might be stronger than the negative effect of high synchronous communication. Implications for real business cases are that transition processes should be seen as important, as they are the basis of successful projects. Moreover, managers should invest in team building in the beginning of every project in order to avoid possible disadvantages, which may arise in teams which communicate from different places and mainly virtual.
- Corporate fraud and litigation risk in financial distress : an empirical study on SEC’s enforcements against public traded companies after the Financial Crisis of 2007-08Publication . Santos, Paulo Levi Norberto dos; Reis, Ricardo César Ribeiro Ventura FerreiraThe financial crisis of 2007-08 puts in question the capability of market regulators to act on behalf of investors to guarantee that the information available is accurate and reliable. In this study, we research 45 firms that have been enforced by the SEC between 2010-2013 for alleged corporate misconduct. We find that fraud firms experience non-significant negative abnormal returns prior to SEC’s announcement, however after the event day, the abnormal returns are positive. We also find significant increases in the mean residuals bid-ask spreads, meaning that after the event, fraud firms became riskier, leading investors to demand higher returns which increases eventual financial distress costs. Finally, we study the governance characteristics for 32 fraud firms and 32 control firms (non-enforced) one year prior to SEC’s enforcement and the following four years (2009-2016) finding that fraud firms have slightly poorer governance. Outside directors dominate the board of directors for both groups, fraud firms have larger boards and more board meetings. Moreover, the majority of CEOs are also Chairman of the board for both groups, blockownership increases and institutional ownership decreases for both the groups and director’s compensation is affected by regulators activity, as it can affect future returns. Our results show that fraud firms are identical to non-fraud firms, financial crime has become more complexed and regulators are slow to identify and judge corporate misconduct. On the other hand, fraud firms are quicker to make the proper adjustments in their structures, becoming more identical to non-fraud firms.
- Civil liability for ship-source oil pollution and the right to its limitation : legal analysis of the U.S. and the EU approaches in the light of International RegulationsPublication . Artwich, Karina Blanka; Antunes, Nuno Marques
- Processo Especial de Revitalização (PER) : the process to recover financially distressed companies in PortugalPublication . Nunes, Gonçalo Nuno de Matos; Reis, Ricardo César Ribeiro Ventura FerreiraEste tese tem por objecto de estudo, o Processo Especial de Revitalização (PER). Sendo o PER, a mais relevante medida do Programa Revitalizar, programa este implementado pelo governo Português no ano de 2012 para combater a crise no sector empresarial português, com o objectivo de ser um mecanismo que permitisse às empresas a sua recuperação, satisfazendo os credores e mantendo postos de trabalho, foi importante perceber de que forma o sucesso de aprovação de um PER variava de empresa para empresa e quais os factores comuns que poderiam levar à aprovação, ou não, do PER. Com essa finalidade, foram analisados dois casos indivíduais. Mesmo sabendo da particularidade individual de cada caso, esta tese conclui sobre um conjunto de medidas comuns que podem beneficiar individualmente cada PER submetido no futuro, podendo assim melhorar ainda mais um mecanismo fundamental na ajuda da recuperação das empresas em Portugal.
- Tabaqueira a Philip Morris international affiliate : the smoking behaviour : IQOS a new era?Publication . Coutinho, Maria Domingas Corrêa Guedes de Azevedo; Celeste, Pedro Manuel Amador RodriguesOver the years, consumption habits have suffered some changes. The consumer has more access to information and, consequently, is more demanding when selecting goods and services. Moreover, and regarding, smoking habits, there is also a greater awareness of the harmful effects of tobacco and, so the attempts to quit this addiction are increasing. Faced with this reality, companies in the tobacco industry felt the need to keep up with trends and transform their strategies, which is the case of Tabaqueira. Tabaqueira, an affiliate of Philip Morris International, is a Portuguese firm, which has been in the market since 1927 and is responsible for the production and commerce of international tobacco brands. This company has invested in products with reduced risk and, in 2015, launched, in Portugal, IQOS, an electronic innovative device that is potentially less harmful than ordinary cigarettes since it has no combustion. With this thesis, I will try to understand what is the perception and acceptance of IQOS in the Portuguese market. Therefore, I will analyse the changes in smoking habits and examine the main reasons that led to the introduction of IQOS. Finally, I will explore the sustainability of Tabaqueira’s strategy.
- Leading creative teams virtuallyPublication . Berggold, Benjamin; Costa, Patrícia LopesThe purpose of this dissertation is the study of the effect the leader’s support of a positive social climate has on creativity through team work engagement. Additionally, the influence of the percentage of face-to-face communication between the leader and the team is examined. Data was collected from 332 participants with 60 participants working in creative industries. Results show that the leader’s support of a positive social climate has a statistically significant effect on creativity in the team. Additionally, team work engagement is also positively influenced by the support of a positive social climate and mediates the effect. What is more, the results indicate that the percentage of face-to-face communication between the leader and the team has no significant effect on the relationship between supporting a positive social climate and creativity but has a positive effect on the relationship between supporting a positive social climate and team work engagement.
- Implications of captive financing companies on the financial structure of car manufacturersPublication . Lück, Joschka Frederik; Reis, Ricardo César Ribeiro Ventura FerreiraThis paper studies captive finance companies in the automotive industry to draw conclusions on the implications they have on the consolidated entity’s financial structure and risk profile. For the analysis key variables will be used to determine the similarity of captive finance companies with banks and subsequently the Altman Z’-score will be used as an accounting data based measure of risk. The results of the analysis are ambiguous and do not confirm a direct and generalisable relationship between the impact of captive finance companies and the business risk of a consolidated group.
- Saúda, the portuguese pharmacies loyalty program and its impact on customer valuePublication . Santos, Filipa Roque Marques dos; Celeste, Pedro Manuel Amador RodriguesThe pharmacy sector in Portugal is getting more and more challenging with the increased competition mainly driven by the regulation (e.g. sale liberalisation of non-prescription medicines) and the development of new sophisticated players owned by big established conglomerates (e.g. Well’s). The incumbents’ characteristics – fragmented ownership and an associative mind-set under the Associação Nacional das Farmácias (ANF) – established as the basis of an unique initiative: the creation of a nation-wide brand that represented the majority of the individual entities of the pharmacy network while conveying their key differentiating factors – quality of customer service and recognition as healthcare and well-being specialists. The Portuguese Pharmacies brand was the foundation of a holistic loyalty program – Saúda - that aimed to develop the required tools and processes to preserve the leadership position of pharmacies in the sector. The aim of this thesis is to analyse the context of the Portuguese pharmacy sector and the success of the brand’s implementation and loyalty program, while identifying the customer views on the program and further measures to improve its effectiveness. As a teaching tool, it provides an opportunity to explore the main steps that lead the development of a loyalty program and its evolution from 2009 to 2017. Based on a real-life challenge, it is expected to assist students in developing marketing knowledge as well as strengthening research skills.
- The relationship between the amount of FtF-interaction and conflict in virtual teams : the moderating role of a shared identityPublication . Erhart, Julia; Costa, Patrícia LopesThe purpose of this thesis was to study the influence of the amount of face-to-face interaction on task and relationship conflict, especially in teams with a shared identity. Data was collected from 332 respondents, who are members in a team in real life. Results show that the amount of face-to-face interaction had a significant negative impact on relationship conflict and a significant positive impact on task conflict. The model with team identification as a moderator was significant only regarding task conflict and not relationship conflict.
- Bimby case : time to market innovation on premium productsPublication . Freitas, Maria Teresa Colaço Alegre de; Celeste, Pedro Manuel Amador RodriguesThermomix, or Bimby in Portugal, is the kitchen robot’s market leader that became a generic brand, confounding itself as a product category. With the unstoppable changes on the technology market which constantly demand novelties, Thermomix is studied as an example of a brand that doesn’t want to fall behind. Aware its’ products stand in a particular situation, the German firm’s goal is finding the optimal time to market innovation on their premium product. To answer such quest, primary and secondary research methods contribute to a time interval proposal for product innovation and other complementing findings. Leading to such proposal, concepts such as innovation, premium products, the importance of market research and defined positioning gain special prominence. Major findings indicate consumers give strong importance to innovation and most expect premium brands to launch product updates every year. When it comes specifically to Bimby, expectations are less ambitious and further away from life changing innovation once consumers prefer incremental to radical changes. It was also noticed that recognition of products as premium or non-premium doesn’t affect more impulsive consumers on the speed to purchase. As the major conclusion, the most realistic time interval advises firms to launch premium products from two to five years.