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Tese Carla Quintas Inclui As Críticas Do Júri Teste1
A redução de custos face à atual conjuntura de crise: Evidência empírica nas empresas do PSI-20 Carla Marlene Silva Quintas Dissertação apresentada ao Instituto Politécnico de Viana do Castelo para obtenção do Grau de Mestre em Gestão das Organizações, Ramo de Gestão de Empresas Orientada por: Professor Doutor Nuno Domingues Viana do Castelo, fevereiro de 2016 A redução de custos face à atual conjuntura de crise: Evidência empírica nas empresas do PSI-20 Carla Marlene Silva Quintas Orientação: Professor Doutor Nuno Domingues Viana do Castelo, fevereiro de 2016 RESUMO A globalização é um fenómeno inevitável e que afeta todas as organizações. Os concorrentes deixaram de ser as empresas da mesma área geográfica e passaram a ser todas as que, a nível mundial, competem no mesmo mercado. Neste sentido, é inevitável por parte das empresas a procura da melhoria da qualidade do seu produto/serviço e a preços cada vez mais competitivos. Esta discussão não é recente mas torna-se proeminente em função da crise económica e social que se atravessa. A redução dos custos e, principalmente, o aumento dos lucros são necessários a qualquer empresa que tem como principal objetivo a sobrevivência neste mercado global. Deste modo, este estudo incide sobre quais as medidas que as maiores empresas portuguesas (PSI-20, cotadas em 2011) tomaram no sentido de reduzir custos face à atual conjuntura de crise. As conclusões apontam no sentido de todas as empresas analisadas demonstrarem preocupação com a temática, sendo que as medidas tomadas nem sempre são possíveis de apurar. As medidas relacionadas com os custos com pessoal são utilizadas por diversas empresas mas possuem várias nuances : redimensionamento do quadro de colaboradores, anulação/corte de remuneração variável, contenção de aumentos salariais, reconversão de quadros, formação, renegociação/reestruturação de seguros de saúde e corte nas horas extraordinárias. -
Editorial by Nicolás Smirnoff
WWW.PRENSARIO.TV WWW.PRENSARIO.TV //// EDITORIAL BY NICOLÁS SMIRNOFF CEE: ups & downs at the new digital era Central & Eastern Europe is going forward through the new digital era with its own tips. The region has suffered a deep crisis from 2008 to 2017- 2018, with many economies Prensario just standing up. This has International meant rare investment pow- er and long-term plans, but at the same time the change ©2018 EDITORIAL PRENSARIO SRL PAYMENTS TO THE ORDER OF moves fast and comparing to EDITORIAL PRENSARIO SRL other territories, CEE shows OR BY CREDIT CARD. REGISTRO NACIONAL DE DERECHO strong digital poles and de- DE AUTOR Nº 10878 velopment appeals. Argentina: In favor, most of the biggest broadcast- OTT platforms? It is what main broadcasters Las Casas 3535 ers are group of channels that include many of the world are doing, to compete better in CP: 1238 the new converged market and to generate Buenos Aires, Argentina countries, so it is easier to set up cross region- Tel: (+54-11) 4924-7908 al plans and to generate high-scale moves. proper synergies. If content business moves Fax: (+54-11) 4925-2507 On the opposite, there are many different to franchise management, it is important to USA: languages and audiences, so it is difficult to be flexible enough to any formula. 12307 SW 133 Court - Suite #1432 spread solutions that work to every context. This Natpe Budapest? It promises to be bet- Miami, Florida 33186-USA Phone: (305) 890-1813 Russia is a big Internet pole and now it is ter than last ones, with the region going up Email: [email protected] also a big production hub for international and the need of pushing more and more col- Website: www.prensario.tv companies setting up studios or coproduc- laborations. -
TV-Sat Magazyn Maj 2021.Pdf
01_new.qxd 21-04-25 11:50 Page 1 02_Eutelsat.qxd 21-04-25 11:50 Page 2 C M Y B strona 2 03_04_stopka.qxd 21-04-25 12:03 Page 3 NASZE SPRAWY Nowa stacja naziemna w ofercie TVP ANTENA HD (dawniej SILVER TV), nowa stacja naziemna z portfolio MWE Networks, w ofercie Biura Reklamy TVP. Nadawca wybra³ TVP do sprze- da¿y czasu reklamowego, sponsoringu i akcji niestandardowych. Start stacji planowany jest na 1 maja. ANTENA HD jest now¹ stacj¹, powsta³¹ w wyniku konkursu na zagospo- darowanie wygas³ej koncesji stacji ATM Rozrywka. Dziêki otrzymanej koncesji na nadawanie na MUX-1 stacja bêdzie mieæ ogólnopolski zasiêg. ANTENA HD, znana wczeœniej pod robocz¹ nazw¹ SILVER TV, jest od- Najnowocześniejszy powiedzi¹ na rosn¹c¹ si³ê zakupow¹ osób po 50. roku ¿ycia. Jest to stacja filmo- wo-rozrywkowa z licznymi elementami lifestylowymi i edukacyjnymi. wóz transmisyjny Sony „Wybór Biura Reklamy TVP jako brokera dla kana³u ANTENA HD by³ dla nas oczywisty – to jedyne biuro reklamy telewizyjnej w Polsce, które przy w Polsacie ka¿dej kampanii reklamowej bierze pod uwagê widowniê 50+. Jestem bardzo Polsat rozwija nowoczesne technologie produkcyjne i transmisyjne. Dziêki zadowolony ze wspó³pracy z Biurem Reklamy TVP i cieszê siê, ¿e dziêki sta- temu bêdzie mo¿na przygotowaæ jeszcze wiêcej najlepszych i najatrakcyjniej- bilnym przychodom reklamowym mo¿emy rozwijaæ prawdziwie polsk¹ i nieza- szych treœci i programów dla widzów w Polsce, które mo¿na bêdzie ogl¹daæ le¿n¹ grupê medialn¹, która ju¿ nied³ugo bêdzie te¿ nadawa³a ogólnopolski ka- w dowolnie wybrany przez siebie sposób – czy to w telewizji, czy przez Internet. -
Banco BPI 1.º Semestre De 2017”
This document is a translation from the Portuguese original “Relatório e Contas Banco BPI 1.º semestre de 2017”. In the event of any inconsistency the Portuguese version shall prevail. BANCO BPI 1st half 2017 Public held company Registered in Oporto C.R.C. and tax identification under the sole number 501 214 534 Headquarters: Rua Tenente Valadim, n.º 284, 4100-476 Porto, PORTUGAL Share Capital: EUR 1 293 063 324.98 Registered in Oporto C.R.C. and tax identification under the sole number 501 214 534 This page was intentionally left blank. 2009 Report and Accounts| Management report 2 Index REPORT Leading business indicators 4 Summary of first half 2017 results 5 Financial structure and business 6 Governing bodies 7 Human resources 8 Distribution channels 9 Background to operations 10 Financial review 13 Rating 36 Banco BPI Shares 37 Annex - Recommendations from Bank of Portugal 38 Annex - Alternative Performance Indicators 40 CONSOLIDATED FINANCIAL STATEMENTS AND NOTES 43 Consolidated financial statements 44 Notes to the consolidated financial statements 49 Statement 236 Audit report prepared by an auditor registered at the Portuguese Securities Market 237 Commission (CMVM) Banco BPI | Report and Accounts 1st half 2017 3 Leading business indicators (Figures in millions of euros, except where indicated otherwise) 1st half 17, excl. 1st half 16 Results and profitability 1st half 17 non-recurring 1 pro forma Net profit 187.8 (101.7) 105.9 Net profit per share (euros) 0,129 (0,070) 0,073 Weighted average number of shares (in millions) 1,455.7 -
Altri SGPS SA
COLEGIO UNIVERSITARIO DE ESTUDIOS FINANCIEROS GRADO EN ADMINISTRACIÓN Y DIRECCIÓN DE EMPRESAS Trabajo Fin de GRADO ANÁLISIS DE DATOS FINANCIEROS ALTRI SGPS S.A. Autor: Hernández López-Sors, Gonzalo Tutor: Queralt Sánchez de las Matas, Ricardo Gracia Díez, Mercedes Madrid, abril de 2019 ÍNDICE 1. Introducción y objetivo del trabajo ………………………………………………………………… 3 2. ALTRI SGPS S.A. 2.1 Descripción de la compañía………………………………………………………………………. 3 2.2 Historia ……………………..………………………………………………………………..……......... 5 2.3 Análisis financiero …………………………………………………………………………..………… 8 2.4 Resumen estados financieros ……………………………………………………………….… 11 2.5 Estructura del accionariado ………………………………………………………….………… 12 3. Análisis descriptivo de los datos …………………………………………………………..………. 12 4. Análisis estadístico de los datos 4.1 Tasas de variación …………………………………………………………………….……………. 15 4.2 Estadística descriptiva ……………………………………………..………………..…………… 17 5. Contrastes de hipótesis 5.1 El efecto de la crisis mundial de 2008 …………..………………………………………… 20 5.2 Inversión en el activo o en el mercado ……………………………………………………. 22 5.3 El efecto de la crisis financiera en Portugal (2010-2014) ..…….………………… 23 5.4 El efecto psicológico del split ……………………………………………………….…………. 24 6. El modelo CAPM 6.1 Estimación por el método MCO ……………………………………………………………… 26 6.2 Estimación por el método NW ………………………………………………………….……. 30 6.3 Hipótesis econométricas ……………………………………………………………..…………. 31 7. Conclusiones ……………………………………………………………………………………….……….. 33 8. Bibliografía ………………………………………………………………………………..…………………. 34 9. Apéndice 9.1 Anexo I: Índice de gráficos y tablas …………………………………………….………..… 36 9.2 Anexo II: Estadística descriptiva ……………………………………………………………... 38 9.3 Anexo III: Contrastes de hipótesis …………………………………………….………….… 39 9.4 Anexo IV: Econometría ………………………………………………………………….…..…… 40 2 1. INTRODUCCIÓN Y OBJETIVO DEL TRABAJO El objetivo principal de este trabajo es la realización de un extenso análisis de la empresa portuguesa Altri; una de las principales compañías cotizadas en el índice más importante de Portugal, el PSI20 (Portuguese Stock Index). -
§ 313 HGB Version 1 Final EN 20210201 Pohler.Xlsx
Summary of share property according to § 313 (2) HGB, consolidated financial statements of Deutschen Telekom AG at date December 31, 2020 Seq. No. Name and place of Business Via Indirectly Directly Total nominal value Currency Note 1. Included companies 1. ALDA Wireless Holdings LLC, Overland Park, Kansas City 1.46. 100,00% 1 USD 2. APC Realty and Equipment Co., LLC, Overland Park, Kansas City 1.306. 100,00% 1 USD 3. ATI Sub, LLC, Overland Park, Kansas City 1.38. 100,00% 1 USD 4. American Telecasting Development, LLC, Overland Park, Kansas City 1.38. 100,00% 1 USD 5. American Telecasting of Anchorage, LLC, Overland Park, Kansas City 1.312. 100,00% 1 USD 6. American Telecasting of Columbus, LLC, Overland Park, Kansas City 1.46. 100,00% 1 USD 7. American Telecasting of Denver, LLC, Overland Park, Kansas City 1.46. 100,00% 1 USD 8. American Telecasting of Fort Collins, LLC, Overland Park, Kansas City 1.46. 100,00% 1 USD 9. American Telecasting of Fort Myers, LLC, Overland Park, Kansas City 1.46. 100,00% 1 USD 10. American Telecasting of Green Bay, LLC, Overland Park, Kansas City 1.46. 100,00% 1 USD 11. American Telecasting of Lansing, LLC, Overland Park, Kansas City 1.46. 100,00% 1 USD 12. American Telecasting of Lincoln, LLC, Overland Park, Kansas City 1.46. 100,00% 1 USD 13. American Telecasting of Little Rock, LLC, Overland Park, Kansas City 1.312. 100,00% 1 USD 14. American Telecasting of Louisville, LLC, Overland Park, Kansas City 1.46. -
By Sister Mary Certrude Schuckman, S.P. a Thesis Submitted to The
THE PLACE OIl CATHOLIC CULTURE IN THE Dl!."Vhl..OPMENT 0)' EAkLY INDIANA By Sister Mary Certrude Schuckman, S.P. A Thesis submitted to the Faculty of the Graduate School, Marquette University in Partial Fulfillment of the Require ments for the Degree of Master of Arts Milwaukee, Wisconsin January, 1952 PREFACE Recogaition of tbe lelislative assistance afforded territorial Indi ana and continued throup the inceptive phase of atatehood to the JIliddle of the nineteenth century is meticulously recorded in textbooks, mono graphs, and ltate reports. Occasional Mention or secondary acknowledg ment of the vitalizing influence of the Catholic Church durin« this peri od of development is unbiasedly proffered by some authors, but a minute survey of her beneficent service is not recorded. The purpose of the present study is to a.certain by _ana of c_par ison the mea lure of influence exerted by Catholic and civic groups in the acquisition of the dearee of culture embodied in educational facilities, literary endeavors, and benevolent organizations. The period chosen gives aaple evidence of tae Iradual intelration of old world and colonial American culture which ..de Indiana one of the first centers of civilization in the middlewest. The writer is sincerely grateful to Reverend Mother Marie Helene, Superior General of the Sister. of Providence, who bas permitted this in vestigation and shown a personal interest in its coapilation. She wishes also to thank Reverend Raphael N. Hamilton, S.J., for his direction and critical asaiatance, and Doctors Herbert W. Rice and Frank L. Kle.ent for their e.uraination of the manuscript. -
Efficiency in Stock Markets with DEA: Evidence from PSI20
861 Int. J Latest Trends Fin. Eco. Sc. Vol‐5 No. 1 March, 2015 Efficiency in Stock Markets with DEA: Evidence from PSI20 Nuno Ferreira#1, Adriano Mendonça Souza*2 # Department of Quantitative Methods, IBS-ISCTE Business School, ISCTE Avenida das Forças Armadas, Lisboa, Portugal [email protected] * Department of Statistics, Federal University of Santa Maria Roraima Avenue, 100, Santa Maria, RS state, Brazil [email protected] Abstract - After the US subprime crisis, the first signs of economic efficiency, and technical efficiency. a sovereign debt crisis spread among European Whereas technical efficiency requires only input and financial players. The regulation of the markets by output data, economic efficiency also requires price European Commission and European Central Bank data. The simplest way to differentiate productive and created limitation to obtained great amount of liquidity technical efficiency is to think of productive in commercial banking sector. In this context, the efficiency in terms of cost minimization by adjusting successful survival of some European banks became in a dangerous situation. The present study try to explore the mix of inputs, whereas technical efficiency is the crisis occurred in one of the largest private output maximization from a given mix of inputs. Portuguese banks through the analysis of the efficiency In literature, a large number of papers is based on levels of twenty largest enterprises of the PSI20 since an essentially nonparametric, programming approach 1993. The input variables chosen were market value to analysis of observed outcomes. In fact, the Data and return in a Data Envelopment Analysis model. Envelopment Analysis (DEA) is by far the most used Consistent with earlier studies, the results show methodology to measure efficiency. -
Economic Analysis and Regulatory Principles
ERG (09) 17 Report on Next Generation Access - Economic Analysis and Regulatory Principles June 2009 I ERG (09) 17 Table of contents List of figures III A Introduction 1 B Summary of Country Case Studies 3 C Economic Analysis in light of Factual NGA Developments 5 C.1 General principles 6 C.2 Business case studies 7 C.3 Regulatory implications of NGA economics 8 C.4 Economic and Social Value of NGA 10 D Analysis of Regulatory Decisions and Principles 11 D.1 Market definition and analysis 11 D.2 Access obligations and the ladder of investment 12 D.3 Price control measures including assessment of investment risk 15 D.4 Regulatory/Competition law treatment of joint projects 23 D.5 Symmetric regulation 23 D.6 Procedural steps during the migration period 25 E Overall assessment 30 Annex 1: NGA - Country Case Study Updates 34 Annex 2: Table on NGA Factual Development 188 Annex 3: Table of Price Control Measurements 203 Literature 207 II ERG (09) 17 List of figures Figure 1: NGA ladder of investment 14 III ERG (09) 17 A. Introduction This ERG Report “Next Generation Access – Economic Analysis and Regulatory Principles” is a follow up document of the October 2007 Common Position on NGA (ERG CP NGA)1 looking at the economic and regulatory analysis in light of ongoing roll-out, the draft NGA Recommen- dation and more recent economic studies including the ERG Statement on the development of NGN Access, ERG (08) 68, December 2008. It is a report examining the latest evidence on NGA roll-out strategies (including cable) as well as regulatory approaches being announced or implemented across Europe by ERG members since the adoption of the ERG CP NGA to ensure that the original conclusions remain valid and fit-for purpose for national regulators to follow and take account of the latest develop- ments. -
Nn Hellas Rfp 2016 Nn/Ds/Digital Agency Selection
NN HELLAS RFP 2016 NN/DS/DIGITAL AGENCY SELECTION 12/2016 COMPANY DATA Reprise media: Digital Marketing unit & member of IPG Mediabrands Short presentation OWNERSHIP: THE INTERPUBLIC GROUP (NYSE: IPG) IN CURRENT FORM IN GREECE SINCE 1995 WHOLLY OWNED, SOX COMPLIANT, TRANSPARENT IN 2014 ABSORBED “ALL THINGS WEB”, THE TOP DIGITAL MEDIA AGENCY CREATED BY DIMITRIS MANIATIS IN 2009 3 REPRISEMEDIA IS POWERED BY Humans Partners Experience Technology REPRISE MEDIA HUMANS Paid search experts + Organic search experts + Social media experts + Data & Analytics experts + Engineers + Digital account managers + Designers + Research = 21 diverse digital marketing experts & a world wide network REPRISE MEDIA EXPERIENCE Strong Google Partner & Yandex expert Direct relationship with Facebook REPRISE MEDIA EXPERIENCE 3 GOLD IAB MiXX Awards in 2015 Best Direct Response & Lead Generation Cross Media Integration Best Product Launch Most awarded agency in the competition! 4 Social Media Awards Silver – Best Social Media Strategy for Sales for Louis Cruises Bronze – Best Use of Instagram for YES! Hotels in 2014 & 2015 Bronze – Best Use of Social Media in the Travel/ Leisure industry for Celestyal Cruises Services PAID SEARCH, DISPLAY, VIDEO – PPC CAMPAIGN MANAGEMENT ORGANIC SEARCH – SEO (SEARCH ENGINE OPTIMIZATION) PAID SOCIAL SOCIAL CONTENT & COMMUNITY MANAGEMENT ANALYTICS & REPORTING EMAIL MARKETING CREATIVE PRODUCTION & COPYWRITING PROFESSIONAL SERVICES (DEVELOPMENT) COMPETITIVE REPORTING 8 CLIENT PORTFOLIO Indicative List of Clients BANK OF PIRAEUS MEDIAMARKT BDSWISS.COM FXTM.COM (FOREX TIME) ΑΒ VASILOPOULOS (AHOLD DELHAIZE GROUP) L’ OREAL GROUP JOHNSON & JOHNSON COSMOTE (JUMPING FISH & COSMOTETV) PEOPLEPERHOUR.COM LEASEPLAN DELIVERAS.GR 10 References Company Legal Name Contact Position Email Phone AB Βασιλόπουλος ΑΛΦΑ - ΒΗΤΑ ΒΑΣΙΛΟΠΟΥΛΟΣ Α.Ε. -
Retirement Funds June 30, 2012 Description % of Shares Owned
Retirement Funds June 30, 2012 Description % of Shares Owned BARCLAYS LOW CAP PRINCIPAL CAS 0.000000% BLACKROCK FEDFUND(30) 0.440244% BLACKROCK TEMPCASH-FUND(21) 0.000000% BLACKROCK TEMPCASH-FUND(21) 0.000486% BLACKROCK TEMPCASH-FUND(21) 0.000485% BLACKROCK TEMPCASH-FUND(21) 0.008246% BLACKROCK TEMPCASH-FUND(21) 0.006791% BLACKROCK TEMPCASH-FUND(21) 0.005165% BLACKROCK TEMPCASH-FUND(21) 0.006043% BLACKROCK TEMPCASH-FUND(21) 0.004035% BLACKROCK TEMPCASH-FUND(21) 0.035990% BLACKROCK TEMPCASH-FUND(21) 0.020497% BLACKROCK TEMPCASH-FUND(21) 0.023343% BLACKROCK TEMPCASH-FUND(21) 0.008326% BLACKROCK TEMPCASH-FUND(21) 0.000781% BLACKROCK TEMPCASH-FUND(21) 0.004848% BLACKROCK TEMPCASH-FUND(21) 0.022593% BLACKROCK TEMPCASH-FUND(21) 0.000646% BLACKROCK TEMPCASH-FUND(21) 1.307615% BLACKROCK TEMPCASH-FUND(21) 0.214356% BLACKROCK TEMPCASH-FUND(21) 0.001147% BLACKROCK TEMPCASH-FUND(21) 0.024810% BLACKROCK TEMPCASH-FUND(21) 0.009406% BLACKROCK TEMPCASH-FUND(21) 0.018922% BLACKROCK TEMPCASH-FUND(21) 0.030062% BLACKROCK TEMPCASH-FUND(21) 0.010464% BLACKROCK TEMPCASH-FUND(21) 0.004697% BLACKROCK TEMPCASH-FUND(21) 0.001179% BLACKROCK TEMPCASH-FUND(21) 0.007266% BLACKROCK TEMPCASH-FUND(21) 0.000112% BLACKROCK TEMPCASH-FUND(21) 0.008062% BLACKROCK TEMPCASH-FUND(21) 0.011657% CASH COLLATERAL AT BR TRUST 0.000001% CASH COLLATERAL AT BR TRUST 0.000584% EOD STIF 0.024153% MONEY MARKET FD FOR EBT 0.000000% US DOLLAR CASH 0.008786% United States-Dollar 0.000000% United States-Dollar 0.000003% United States-Dollar 0.000019% United States-Dollar 0.000003% United States-Dollar -
Annual Report
Annual Proposal Report 2019 Let’s continue working for a better world #TheRightWay santander.pt SantanderSantander Totta SGPS, Totta, SA SGPS 1 Santander Totta, SGPS, SA Table of Indicators 3 Message from the Chief Executive Officer 4 Customers and Distribution Network 5 Corporate culture, awards, distinctions and other 7 relevant facts in 2019 Sustainability policy 14 Activity and Results Business Framework 18 Major risks and uncertainties for 2020 24 Business Areas 25 Business support areas 30 Economic and financial information 34 Relevant facts after the close of the period and the 41 outlook for 2020 Risk Management 43 Credit, and counterparty risk 44 Balance-sheet risk 46 This report was approved by the Market risk 47 Operational risk 48 Board of Directors on April 21, Compliance and reputation risk 49 2020 Proposal for the Appropriation of Net Income 51 Additional Information 52 Corporate Governance Report 56 Financial statements, notes to the accounts and reports and opinions Consolidated financial statements 61 Notes to the consolidated financial statements 66 Reports and opinions on the consolidated business 227 Santander Totta, SGPS, SA Rua do Ouro, 88 – 1100-063 Lisbon Share Capital: €1,972,962,079.58 Registered at the Lisbon Registry of Companies under number single registration and VAT number 507 096 851 SantanderLEI: 5493005RLLC1P7VSVC58. Totta SGPS, SA 2 TABLE OF INDICATORS BALANCE SHEET AND RESULTS (million euro) 2019 2018 Var. Total Net Assets 56,083 55,028 +1.9% Loans and advances to customers (net) 1 39,349 39,644 -0.7% Customers' Resources 42,420 39,980 +6.1% Total shareholders' equity 4,264 4,172 +2.2% Net Interest Income 855.7 866.3 -1.2% Net Fees and Other Income 381.0 382.9 -0.5% Net Income from Banking Activities 1,344.5 1,259.5 +6.8% Net Operating Income 740.0 633.5 +16.8% Income before taxes and non-controlling interests* 739.8 673.8 +9.8% Consolidated net income attributable to the shareholders of ST, SGPS 527.3 500.0 +5.5% RATIOS 2019 2018 Var.