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You searched for repository:macau. Showing records 1 – 3 of 3 total matches.

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1. Si, Yain Whar (池英華). A framework for the specification and execution of composite trading activities.

Degree: 2005, University of Macau

In this thesis, a framework for the specification and execution of composite trading activities is presented. We begin by introducing the basic concepts and characteristics of elementary and composite trading activities. Based on these characteristics, we identify the issues associated with composite trading activities and argue the requirements of a frame work for the specification and execution of those trading activities. In the second chapter, the most relevant work on negotiation protocols, software specification approaches, and recent work on trading activity specification is reviewed. In the third chapter, we analyse the characteristics of negotiation protocols and the information required to adequatelyrepresent composite trading activities.In the next two chapters, we introduce two alternative approaches (myopic and forward-looking) for specifying composite trading activities by means of constraints, such as the number of required successful negotiations, the limit price for the items to be traded, and the temporal constraints imposed by all trading parties. A special interface is also defined in each framework to homogenise trading activities with differing negotiation protocols.In myopic trading, composite activities are synchronised according to the information available on the constituent negotiation processes at any point in time. Myopic trading supports iterative negotiation in which trading activities can be renegotiated with new constraints. Myopic trading is suitable for situations in which finer control over the negotiation process is preferred by the trader, and information on previous negotiations as well as future negotiation opportunities are unavailable.Forward-looking trading is based on the generation of negotiation plans detailing the exact time and duration for which trading activities are going to be executed. These plans are generated based on the histories of previous negotiations and future negotiation opportunities. In forward-looking trading, a planning and execution model is designed to maximise the expected utility of the trader. Forward-looking trading is suitable forsituations in which a well-planned negotiation process is possible.In the following chapter, two case studies are given to illustrate the applicability of the proposed framework. In the final chapter, we review our framework based on the set of requirements defined for the specification and execution of composite trading activities.In conclusion, we believe that composite trading activities can be effectively specified and executed based on the homogenisation of the various negotiation protocols involved and systematic planning of how these activities are going to be executed.

Subjects/Keywords: Trading activities; Negotiation protocols; Trading specification; Trading execution and synchronisation

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APA · Chicago · MLA · Vancouver · CSE | Export to Zotero / EndNote / Reference Manager

APA (6th Edition):

Si, Y. W. (. (2005). A framework for the specification and execution of composite trading activities. (Thesis). University of Macau. Retrieved from http://hdl.handle.net/10692/472

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Chicago Manual of Style (16th Edition):

Si, Yain Whar (池英華). “A framework for the specification and execution of composite trading activities.” 2005. Thesis, University of Macau. Accessed October 23, 2017. http://hdl.handle.net/10692/472.

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

MLA Handbook (7th Edition):

Si, Yain Whar (池英華). “A framework for the specification and execution of composite trading activities.” 2005. Web. 23 Oct 2017.

Vancouver:

Si YW(. A framework for the specification and execution of composite trading activities. [Internet] [Thesis]. University of Macau; 2005. [cited 2017 Oct 23]. Available from: http://hdl.handle.net/10692/472.

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Council of Science Editors:

Si YW(. A framework for the specification and execution of composite trading activities. [Thesis]. University of Macau; 2005. Available from: http://hdl.handle.net/10692/472

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

2. Moutinho Rodrigues Da Silva, Ricardo. A reconfiguração das estruturas de participação em uma sala de aula de pfol de uma escola primária em macau: negociando regras e redefinindo papéis em um contexto de ensino/aprendizagem Luso-Chinês.

Degree: 2012, University of Macau

No presente estudo, realizamos uma análise das estruturas de participação presentes em uma sala de aula de Português para Falantes de Outras Línguas (PFOL) em uma escola primária luso-chinesa de Macau. Com base em trabalhos como os de Susan Philips (1972), Erving Goffman (1981a), Charles Goodwin (1981, 1984, 2004 e 2007), Stephen C. Levinson (1988) e de Marjorie Harness Goodwin (1990 e 2004), discutimos como os participantes (alunos e professora) da sala de aula em questão reorganizam o espaço interativo por meio de ações que violam ou cobram as regras de conduta estabelecidas durantes as aulas. A metodologia que utilizamos neste trabalho é de natureza microetnográfica (Erickson 1996), o que permite interpretarmos os dados por meio da análise momento-a-momento, identificando aspectos que reorganizam e redefinem os conceitos, as identidades e os papéis que os participantes apresentam em um nível macrossocial. Os resultados indicam que vários elementos de natureza verbal e não-verbal presentes durante a interação, em um ambiente institucionalmente controlado por um sujeito (a professora), influenciam na (re)construção das estruturas de participação, modificando o piso conversacional, o discurso dos sujeitos e renegociando os papéis que esses representam durante as atividades em sala de aula. This work focuses on the analysis of participation frameworks in a class of Portuguese for Speakers of Other Languages (PSOL) at a primary school in Macau. Based on scholars like Susan Philips, Erving Goffman, Charles Goodwin, Stephen C. Levinson and Marjorie Harness Goodwin, we discuss how participants (pupils and teacher) reorganize the interactive locus of the classroom through actions that violate or validate the behavioral rules established during the lessons. Using an Ethnographic Microanalysis (Erickson 1996), some moment-by-moment data are interpreted, identifying aspects that reorganize and redefine concepts, identities and interactive roles that participants play at a macrosociological level. The results indicate that many verbal and nonverbal elements present during the interaction, in a teacher-controlled environment, exercise influence upon the reconstitution of participation frameworks. Those elements also reorganize the conversational floor, the discourse of the participants and renegotiate the roles they play during the activities inside the classroom.

Subjects/Keywords: Estrutura de participação; PFOL; Renegociação de papéis; Discurso institucional da sala de aula; Participation framework; Classroom discourse; PSOL

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APA · Chicago · MLA · Vancouver · CSE | Export to Zotero / EndNote / Reference Manager

APA (6th Edition):

Moutinho Rodrigues Da Silva, R. (2012). A reconfiguração das estruturas de participação em uma sala de aula de pfol de uma escola primária em macau: negociando regras e redefinindo papéis em um contexto de ensino/aprendizagem Luso-Chinês. (Thesis). University of Macau. Retrieved from http://hdl.handle.net/10692/610

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Chicago Manual of Style (16th Edition):

Moutinho Rodrigues Da Silva, Ricardo. “A reconfiguração das estruturas de participação em uma sala de aula de pfol de uma escola primária em macau: negociando regras e redefinindo papéis em um contexto de ensino/aprendizagem Luso-Chinês.” 2012. Thesis, University of Macau. Accessed October 23, 2017. http://hdl.handle.net/10692/610.

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

MLA Handbook (7th Edition):

Moutinho Rodrigues Da Silva, Ricardo. “A reconfiguração das estruturas de participação em uma sala de aula de pfol de uma escola primária em macau: negociando regras e redefinindo papéis em um contexto de ensino/aprendizagem Luso-Chinês.” 2012. Web. 23 Oct 2017.

Vancouver:

Moutinho Rodrigues Da Silva R. A reconfiguração das estruturas de participação em uma sala de aula de pfol de uma escola primária em macau: negociando regras e redefinindo papéis em um contexto de ensino/aprendizagem Luso-Chinês. [Internet] [Thesis]. University of Macau; 2012. [cited 2017 Oct 23]. Available from: http://hdl.handle.net/10692/610.

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Council of Science Editors:

Moutinho Rodrigues Da Silva R. A reconfiguração das estruturas de participação em uma sala de aula de pfol de uma escola primária em macau: negociando regras e redefinindo papéis em um contexto de ensino/aprendizagem Luso-Chinês. [Thesis]. University of Macau; 2012. Available from: http://hdl.handle.net/10692/610

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

3. Ren, Jinjuan (任錦娟). Investor sentiments, agency conflicts, and IPO underpricing.

Degree: 2009, University of Macau

New shares are on average underpriced by 17% in the United States. The average underpricing in China is even more than 100% from 1992 to 2008. This phenomenon has been a mystery for several decades and researchers have continuously proposed new explanations for this unsolved anomaly. My paper adds to the literature from two perspectives.The first essay investigates the underpricing phenomenon in the international finance context. I propose that for a firm cross-listed in multiple markets, the price of the first-issued share serves as a reference for pricing subsequently issued shares, and that this reference role contains both an informational and anchoring aspect. I examine a group of Chinese firms that first issued foreign shares and then domestic A-shares. Other than its informational role in this sample, the foreign share price is hypothesized to anchor down the A-share offer price so that the difference in the costs of capital between two markets contributes to the A-share underpricing. The empirical results support this dual-role hypothesis. Overall, this essay proposes a behavioral bias that may take effect in pricing new shares in cross-listings. It also has strong implications for the Chinese stock market reform.The second essay utilizes a unique dataset of 279 Chinese IPO issued from 2005 to 2008, priced with a “bookbuilding” method. However, regulations put various restraints on underwriters’ discretions in allocating shares so that information elicited in this process is marginal. I utilize public data on allocations to institutions to establish the relation between underwriters and institutions to investigate the impact of agency conflicts. I utilize the public data on oversubscriptions by institutions and retail investors to examine the impact of individual investor sentiments. Results show that when a larger number of the underwriter’s regular costumers participate in the subscription, or ex-post regular subscribers contribute more capital in the subscription, the offer price is less upward revised, and the first-day initial return is higher. Only regular institutions respond to upward price revision by subscribing less. These findings support the agency story that underwriters deliberately underprice the share to appeal to their important subscribers. I also discover robust negative relation between first-day return and long-run performance, which is consistent with the sentiment story. To conclude, I show that in a market where underwriters lack capability to elicit information during the “bookbuilding” process, agency conflicts and investor sentiments contribute to underpricing.

Subjects/Keywords: sentiment; IPO; underpricing; China; agency problem

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APA · Chicago · MLA · Vancouver · CSE | Export to Zotero / EndNote / Reference Manager

APA (6th Edition):

Ren, J. (. (2009). Investor sentiments, agency conflicts, and IPO underpricing. (Thesis). University of Macau. Retrieved from http://hdl.handle.net/10692/2030

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Chicago Manual of Style (16th Edition):

Ren, Jinjuan (任錦娟). “Investor sentiments, agency conflicts, and IPO underpricing.” 2009. Thesis, University of Macau. Accessed October 23, 2017. http://hdl.handle.net/10692/2030.

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

MLA Handbook (7th Edition):

Ren, Jinjuan (任錦娟). “Investor sentiments, agency conflicts, and IPO underpricing.” 2009. Web. 23 Oct 2017.

Vancouver:

Ren J(. Investor sentiments, agency conflicts, and IPO underpricing. [Internet] [Thesis]. University of Macau; 2009. [cited 2017 Oct 23]. Available from: http://hdl.handle.net/10692/2030.

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Council of Science Editors:

Ren J(. Investor sentiments, agency conflicts, and IPO underpricing. [Thesis]. University of Macau; 2009. Available from: http://hdl.handle.net/10692/2030

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

.