2,928 research outputs found

    Abnormal Returns in Privatization Public Offerings: The case of Portuguese firms

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    This paper provides evidence on abnormal returns of Portuguese privatization public offerings for the period from 1989 to 2001. This study explores the abnormal performance of a comprehensive sample of Portuguese privatization transactions and investigates the determinants of the observed price behavior. We find some evidence of the underpricing phenomenon for privatized offerings but initial returns are low and barely significant. The results show further that privatization IPOs underperform private sector IPOs. In the long run, we observe negative abnormal returns. While in early event months, privatization public offerings yield more negative returns than private sector offerings, this effect is reversed in longer horizon periods. Initial underpricing is thus partially reversed and investors seem to require higher returns in partial privatizations.

    Sebastião José de Carvalho e Melo's Views on Judaism, Jews, and New Christians

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    SFRH/BPD/109606/2015 UIDB/04666/2020 UIDP/04666/2020This article analyzes the views of Sebastiao Jose de Carvalho e Melo regarding Jews and New Christians based on his experience as an envoy extraordinary at the British court (1738-1744), where he came into contact with members of the Jewish community in London. It also examines the evolution of Carvalho's perspectives over time, taking into consideration his account of the Jewish intervention in the Brazilian diamond trade, written in 1777. Finally, the article considers whether Carvalho's understanding of the Jewish and New Christian questions influenced the law that abolished the distinction between New and Old Christians in 1773.publishersversionpublishe

    The Composition, Circulation, and Reception of the Notícias Recônditas in Eighteenth-Century England

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    UID/HIS/04666/2019 SFRH/BPD/109606/2015The so-called Notícias Recônditas, an anonymous account written in the context of the negotiations that led to the suspension of Inquisition-related actions in Portugal between 1674 and 1681, has been approached by historiography principally from the points of view of its controversial authorship, its compositional framework, and even the accuracy of its contents. This article proposes a different perspective, focusing on its circulation and reception in the eighteenth-century England. Comparing different handwritten and printed versions of this text reveals numerous additions, transformations, and adaptations of its contents and structure, from its moment of composition until its publication and even afterwards. Eighteenth-century London, where anti-Catholic polemical literature was flourishing, is the place of publication of the first editions. There, Notícias was also appropriated by Anglican polemists with one main purpose in mind: attacking the Catholic Church. This, however, did not suit the text’s original goals of making contributions to reforms to the Inquisition in Portugal and raising awareness for the New Christian cause. Therefore, identifying and analyzing the discrepancies among the different versions of the text give way to new questions concerning the intervention of copyists, translators, compilers, and publishers in order to achieve specific objectives and to reach target audiences.authorsversionpublishe

    Three portrayals of the eighteenth-century Sephardi diaspora to England

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    UIDB/04666/2020 UIDP/04666/2020 SFRH/BPD/109606/2015This article analyzes three distinct perspectives on the same subject: the New Christian migration from Portugal to England of the first half of the 18th century. These include Michael Geddes's narrative on the proceedings of the Portuguese Inquisition included in his Miscellaneous Tracts, Grace Aguilar's short-stories and her essay on the history of the Jews in England, and the testimonies presented before the Portuguese Inquisition by Jewish returnees from London to Portugal. Each of these texts reveal different perspectives on this movement and its background, readapting their histories/stories in order to achieve specific goals, whether these are criticizing the Inquisition and the Catholic Church, expressing the resilience and virtues of Jewish people and arguing for the eradication of discrimination, or providing a credible defense against the procedures of the Inquisition in order to remain safely in Portugal. Such narratives lead us to reflect on the ways in which memories of the circumstances of the Western Sephardi Diaspora were preserved, disseminated and appropriated in different contexts and with different aims and, in particular, how the idea of return (with all its complexity and contradiction) is deeply associated with this process of remembrance.publishersversionpublishe

    New Christian and Jewish Merchants Between the Portuguese and the British Empires (1700-1730)

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    UIDB/04666/2020 UIDP/04666/2020 SFRH/BPD/109606/2015This article correlates the transformations of the Lisbon's commercial elite during the first half of the 18th century, the Inquisition repression against New Christians, and the Sephardic influx to London in the 1720s-1730s. These intertwined events are considered under the framework of the Anglo-Portuguese relations. Our analysis focuses on the crisscrossed trajectories of three New Christian merchants, which illustrate how changes in the profile of the mercantile group of Lisbon and the migratory flows to London are key points to understand the dynamics of the Anglo-Portuguese trade in the 18th century. Este artigo inter-relaciona as transformações da elite mercantil de Lisboa na 1.ª metade do século XVIII, a repressão inquisitorial contra os cristãos-novos e o fluxo migratório sefardita para Londres nas décadas de 20 e 30. Estes acontecimentos são analisados à luz das relações lusobritânicas. A nossa análise foca-se das trajectórias de três homens de negócio cristãos-novos, as quais ilustram como as circunstâncias da progressiva mudança do perfil da elite mercantil lisboeta e os fluxos migratórios para Londres são pontos-chave para a compreensão das dinâmicas do comércio luso-britânico em Setecentos.publishersversionpublishe

    the evolution of a Sephardic community in the light of its regulations

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    UID/HIS/04666/2019The forty-two Ascamot prepared by the Parnasim David Abrabanel Dormido and Eliau de Lima and the Gabay Moseh Baruh Louzada in 1663 formed the first regulations of the newborn Congregation of Spanish and Portuguese Jews of London. Originally based on the bye-laws of the Amsterdam and Venice congregations, the Ascamot of the K. K. Sahar Asamaim were subject to continuing reformulations and additions. Therefore, they tended to depart from their initial models and acquire particular features, which mirrored the specific characteristics of the Jewish community of London in the seventeenth and eighteenth centuries, as well as the challenges posed by its evolution and interaction with the surrounding context. “A noble monument of Jewish piety happily combined with political and social wisdom”, in Lionel Barnett's words (El Libro de los Acuerdos, Oxford, 1931), the Ascamot regulated not only the organisational structure and financial sustainability of the congregation, but also the ritual, the relation with other Jewish communities, the potential conflicts between its members, the welfare, the censorship, and other issues related with the daily life of the community. This paper will analyze the first Ascamot of the London's Sephardic congregation and its following addenda and revisions until the publication of a new code in 1785: Ascamot, para o Governo da Congrega de Saar-Ahamaim de Londres (London, 5545). These byelaws will be confronted with the entries of the Mahamad minute books, where the reasons for such alterations and additions can be found. Based on these sources, we will try to trace the portrait of a changing community from its first times to the consolidation after the Sephardic influx from Portugal in the 1720s and 1730s and its exponential demographic growing. The Portuguese Nation of Hamburg hosted some of these doctors who were forced into exile and there stood out for their practice of medicine and for their contribution to the advancement of medical knowledge. The Portuguese doctors gained prestige among their peers with whom they exchanged missives and advised themselves, serving simultaneously the community as well as the principal princes and aristocrats. This success of Portuguese New-Christian doctors in the diaspora assured them a certain aversion on the part of the local doctors and gave rise to a series of controversies that spread by pamphlets. The Portuguese doctors were obliged to respond by letters and even printed works to face the discredit that many wanted to impute to them. The present study deals with the physicians of the Portuguese Nation of Hamburg and their contributions to the community and to the advancement of Medicine. At the same time, it seeks to verify the strategies of discrediting used and the capacity of response taken by individuals or by the community.publishersversionpublishe

    Observing the skies of Lisbon. Isaac de Sequeira Samuda, An Estrangeirado in the Royal Society

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    Elected in 1723, Isaac de Sequeira Samuda (1681–1729) was the first Jewish Fellow of the Royal Society. He had arrived in London just a few years earlier, escaping from the Portuguese Inquisition. Despite his past, he had no difficulty in establishing links with his country's diplomatic representatives in London. A physician and adviser on scientific subjects, he became a conduit between the emerging world of Portuguese astronomy and the British scientific community. He reported to the Royal Society on astronomical observations made in the new observatories in Lisbon and helped with the acquisition of scientific instruments and books destined for Portugal. These activities were facets of Samuda's unusual career and the diverse though often converging associations that he established until his death. As the member of a network active in the diffusion of new ideas and in the modernization of Portuguese science, Samuda can be regarded as an estrangeirado, as this term has come to be used in the modern literature

    New Haven, Yale University Press, 2015

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    UID/HIS/04666/2013publishersversionpublishe

    Proyecciones de identidad al decir sobre inmigrantes de las Américas en Brasil

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    Based on the French-Brazilian discourse analysis, this paper analyzes comments made on cyber news articles in digital news portals. It aims to problematize the Brazilian identity constitution in the confrontation with immigrants from the Americas, especially from Bolivia, Venezuela and Haiti. Although the researched articles from cyber news insist on the insignificance of the impact on the host country generated by this influx, the comments show an ambivalence of the Brazilian regarding the reception of immigrants. The gestures of interpretation have focused the referencing processes, particularly the designation (Guimarães, 2005), and imaginary formations (Pêcheux, [1975]1997), thus enabling to spot a discursive functioning that points out paranoiac traces on the Brazilian identity re-construction. Consequently, referring to some concepts from Freud-Lacanian psychoanalysis, the gestures of analysis discuss the dissonances between the structuring network of identifications of the Brazilian identity constitution and the immigration as a discursive event with the potential to weaken it. Perceptions of the Brazilian subject are evidenced in the sense of fixing and / or redefining the limits of oneself, as well as the protection and / or reaffirmation of identity.Basado en el análisis del discurso francobrasileño, este artículo analiza los comentarios hechos en artículos de noticias cibernéticas en portales de noticias digitales. El objetivo es problematizar la constitución de identidad brasileña en confrontación con inmigrantes de las Américas, especialmente de Bolivia, Venezuela y Haití. Aunque las noticias cibernéticas investigadas hayan insistido  en la insignificancia del impacto generado por este influjo en el país de acogida, los comentarios enseñan una ambivalencia del brasileño con respecto a la recepción de inmigrantes. Los gestos de interpretación se centraron en los procesos de referenciación, en particular la designación (Guimarães, 2005), y las formaciones imaginarias (Pêcheux, [1975] 1997), lo que nos permitió detectar un funcionamiento discursivo que señala rastros paranoicos en la reconstrucción de la identidad brasileña. En consecuencia, refiriéndose a algunos conceptos del psicoanálisis Freud-lacaniana, los gestos de análisis discuten las disonancias entre la red estructuradora de identificaciones de la constitución de la identidad brasileña y la inmigración desde las Américas como un evento discursivo con el potencial de debilitarla. Se perciben los movimientos del sujeto brasileño con vistas a fijar y/o redefinir los límites de si mismo, así como la protección y/o reafirmación de la identidad.Com base na análise do discurso franco-brasileira, este artigo analisa comentários feitos em artigos de ciber notícias em portais de notícias digitais. O objetivo é problematizar a constituição da identidade brasileira no confronto com imigrantes das Américas, especialmente da Bolívia, Venezuela e Haiti. Embora as ciber notícias pesquisadas insistam na insignificância do impacto no país anfitrião gerado por esse influxo, os comentários mostram uma ambivalência do brasileiro em relação à  recepção de imigrantes. Os gestos da interpretação focaram os processos de referenciação, particularmente a designação (Guimarães, 2005), e as formações imaginárias (Pêcheux, [1975] 1997), permitindo assim detectar um funcionamento discursivo que aponta traços paranóicos na reconstrução da identidade brasileira. Consequentemente, remetendo a alguns conceitos da psicanálise freudo-lacaniana, os gestos de análise discutem as dissonâncias entre a rede estruturante de identificações da constituição identitária brasileira e a imigração das Américas como acontecimento discursivo com potencial de enfraquecê-la. Percebem-se movimentos do sujeito brasileiro no sentido de fixar e/ou redefinir os limites de si mesmo, bem como a proteção e/ou reafirmação da identidade

    Serious Games for Physical Rehabilitation: Aesthetic discrepancies between custom-made serious games and commercial titles used for healthcare

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    Serious games are videogames that are used with purposes that go beyond the mere entertainment of the player. Among their many applications, healthcare is one of the most prominent ones, as serious games can have a wide range of uses within this field, namely physical rehabilitation of patients. For this purpose, both custom-made serious games and commercial entertainment titles, such as those for Nintendo Wii, can be used. However, while custom-made serious games appear to be more clinically effective, patients seem to prefer the gaming experience of playing a commercial title. This paper aims to compare the game goals and the aesthetics of Wii Sports (a commercial title used in the context of physical rehabilitation) with custom-made serious games that have obtained clinically significant results in upper limb rehabilitation, in order to try and understand what can be done to bridge the gap between these two approaches
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