The Portuguese government recently launched a new program to refurbish the secondary schools all over the country. Along with this process more responsibilities are being transferred to local governments concerning pre and elementary schools. This is seen as the main motivation for the...

Several studies have demonstrated how physical activity in older people benefits their physical fitness, health and well-being. The relation between physical activity and perceived functional capacity and health is yet to be considered. This study is a quantitative research design that...

The Portuguese government recently launched a new program to refurbish the secondary schools all over the country. Along with this process more responsibilities are being transferred to local governments concerning pre and elementary schools. This is seen as the main motivation for the...

This paper evaluates the path-dependency/independency of most widespread Portfolio Insurance strategies. In particular, we look at Constant Proportion Portfolio Insurance(CPPI) structures and compare them to both the classical Option Based Portfolio Insurance(OBPI) and naive strategies such as...

Local government accounting in Portugal has changed significantly over the past five years bringing local government accounting closer to business accounting. The previous system was basically cash-based and budget-oriented, now cash-based budgeting is used with accrual-based financial and cost...