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Publications

Publications by SYSTEM

2015

Entrepreneurship and national culture: How cultural differences among countries explain entrepreneurial activity

Authors
Dantas, JGL; Moreira, AC; Valente, FM;

Publication
Handbook of Research on Internationalization of Entrepreneurial Innovation in the Global Economy

Abstract
The direct relationship between national cultural practice and entrepreneurship activities is analyzed in this chapter, based on the analysis of 44 countries. Datasets from 2012 and 2013 Global Entrepreneurship Monitor (GEM) report are used to characterize three types of entrepreneurship: Early-Stage entrepreneurial activity (TEA); Necessity-Driven entrepreneurship (NDE) and Opportunity-Driven (ODE) entrepreneurship. Data sets on national cultural values are used to analyze five dimensions of Hofstede's work on cultural values (power distance, individualism/collectivism, masculinity/femininity, long/short term orientation, and uncertainty avoidance). For that, the authors use the Values Survey Module 2013, which has been adapted from Hofstede's previous work from 2010 and 2008. The main conclusion is that the three types of entrepreneurship analyzed in this chapter are differently explained by the cultural and expanded models. If the country of origin and the type of economy are useful to explain TEA, they are of no added value to explain Necessity-Driven or opportunity-driven entrepreneurship.

2015

Evaluating the strategic supply per power plant: Evidence from the Spanish wholesale electricity market

Authors
Moutinho, VMF; Moreira, AC; Mota, JH;

Publication
International Journal of Energy Technology and Policy

Abstract
This paper analyses the relationship among marginal costs per power plant, fossil fuel prices and electricity bidding quantities in the Spanish electricity market. The results of the panel cointegration and Granger causality methods clearly indicate a differential impact of fossil fuel prices on power plants marginal costs, with a positive effect for gas power plants. The biggest negative impact on marginal costs is seen for coal technology. As a consequence of the characteristics of different production technologies, the set of marginal costs across the sample is based on coal power plants, although Endesa and Iberdrola's marginal costs are predominantly based on gas power plants. Operating costs for hydroelectric power plants are very low when compared to the thermal power plants, which is the base technology used by Endesa, since this technology is strongly dependent on the volatility of commodity markets and on the supply chain and production costs management. Copyright © 2015 Inderscience Enterprises Ltd.

2015

Governance with complex structures: evidence from Western European countries

Authors
Santos, MS; Moreira, AC; Vieira, ES;

Publication
JOURNAL OF BUSINESS ECONOMICS AND MANAGEMENT

Abstract
This paper investigates if the existence of complex structures plays an important role in corporate governance. It uses GMM estimation on a panel of Western European firms. We find that the presence of a second and third large shareholder has a significant positive effect on firm value. This study underlines the importance of the number of blockholders as a determinant of firm value, when taken as a moderator of the contestability effect. It shows that the legal context and company-specific characteristics play a crucial moderating role for contestability. In contrast to previous research, we find that contestability plays a less relevant role in family firms. We also find that this last result does not vary significantly with the identity of the remaining elements of the coalition. Also, our study suggests that contestability is less important in companies led by majority shareholders.

2015

Commitment-Trust Dynamics in the Internationalization Process: A Case Study of Market Entry in the Brazilian Market

Authors
Moreira, AC; Alves, CB;

Publication
Business Development Opportunities and Market Entry Challenges in Latin America

Abstract
This chapter describes the market entry process of Portuguese small and mediumsized enterprise (SME) into the Brazilian. This chapter explores an under-researched strand in the studies of internationalization of SMEs, namely how trust and commitment leveraged the relationship orientation of the Portuguese SME in entering into the Brazilian market. Through a Case Study the chapter explores the concept of relationship orientation, trust and commitment to analyze how a Portuguese SME managed to turn around a difficult situation transforming its associates in business partners and prevented a process of desinternationalization. © 2016 by IGI Global.

2015

How's ICT project management going in Portugal?

Authors
Silva, D; Gomes, P; Pinto, JA; Ramalho, F;

Publication
Handbook of Research on Effective Project Management through the Integration of Knowledge and Innovation

Abstract
This chapter presents the preliminary results of an IT organizational project management maturity research called OPM3® Portugal Project, which is currently underway. It was designed by Portuguese research and development organization Ambithus, based on PMI's (Project Management Institute) OPM3® (Organizational Project Management Maturity Model) standard. A descriptive analysis of IT organizations is made, the case studies selection criteria are explained, and a relevant literature revision of clustering models is made. Preliminary results from the IT organizations are presented and organized by Project Management and Portfolio Management processes, and Organizational Enablers. After the results analysis, it presents a list of processes and procedures that serves as the guidelines for what IT organizations need to improve to obtain a better level of maturity in Project Management. The overall results show that the IT Portuguese industry is strong on its processes and has a good level of maturity in project management.

2015

Comparing the performance of geostatistical models with additional information from covariates for sewage plume characterization

Authors
Del Monego, M; Ribeiro, PJ; Ramos, P;

Publication
ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH

Abstract
In this work, kriging with covariates is used to model and map the spatial distribution of salinity measurements gathered by an autonomous underwater vehicle in a sea outfall monitoring campaign aiming to distinguish the effluent plume from the receiving waters and characterize its spatial variability in the vicinity of the discharge. Four different geostatistical linear models for salinity were assumed, where the distance to diffuser, the west-east positioning, and the south-north positioning were used as covariates. Sample variograms were fitted by the MatSrn models using weighted least squares and maximum likelihood estimation methods as a way to detect eventual discrepancies. Typically, the maximum likelihood method estimated very low ranges which have limited the kriging process. So, at least for these data sets, weighted least squares showed to be the most appropriate estimation method for variogram fitting. The kriged maps show clearly the spatial variation of salinity, and it is possible to identify the effluent plume in the area studied. The results obtained show some guidelines for sewage monitoring if a geostatistical analysis of the data is in mind. It is important to treat properly the existence of anomalous values and to adopt a sampling strategy that includes transects parallel and perpendicular to the effluent dispersion.

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