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Sample records for capital em relacoes

  1. The internationalization of nuclear industry: state and capital in atomic relations; A internacionalizacao da industria nuclear: estado e capital em relacoes atomicas

    Energy Technology Data Exchange (ETDEWEB)

    Ferreira Junior, Evaristo Santiago

    1986-03-15

    This paper analyzes the causes and scope of the nuclear energy diffusion process in the capitalist world. It also aims at explaining Brazil's role in this process. The study contemplates two main concepts that are, here, considered to be driving and directing vectors: the World Capital and the Capitalist State. According to the expanded reproduction logic, World Capital forms the world nuclear productive subsystem, which commands and directs, in this process, hundreds (or thousands) of productive units, regardless of their geographical location, nationality or capital control. Thru the utilization of available public intervention tools, the Capitalist state has favored the formation of the world nuclear productive subsystem, thus guiding the accumulation process in the interior of this system. Therefore, the conclusion of the Nuclear Cooperation Agreement between Brazil and Germany and the resultant establishment of the Brazilian Nuclear Program (following the authoritarian model of public administration), is well fitted in the general dynamics of subordination/articulation of the Brazilian economy to the world economy and, particularly, to the world nuclear productive subsystem. (author)

  2. The internationalization of nuclear industry: state and capital in atomic relations; A internacionalizacao da industria nuclear: estado e capital em relacoes atomicas

    Energy Technology Data Exchange (ETDEWEB)

    Ferreira, Junior, Evaristo Santiago

    1986-03-15

    This paper analyzes the causes and scope of the nuclear energy diffusion process in the capitalist world. It also aims at explaining Brazil's role in this process. The study contemplates two main concepts that are, here, considered to be driving and directing vectors: the World Capital and the Capitalist State. According to the expanded reproduction logic, World Capital forms the world nuclear productive subsystem, which commands and directs, in this process, hundreds (or thousands) of productive units, regardless of their geographical location, nationality or capital control. Thru the utilization of available public intervention tools, the Capitalist state has favored the formation of the world nuclear productive subsystem, thus guiding the accumulation process in the interior of this system. Therefore, the conclusion of the Nuclear Cooperation Agreement between Brazil and Germany and the resultant establishment of the Brazilian Nuclear Program (following the authoritarian model of public administration), is well fitted in the general dynamics of subordination/articulation of the Brazilian economy to the world economy and, particularly, to the world nuclear productive subsystem. (author)

  3. Atenção, memória e funções executivas em crianças e adolescentes de 6 a 12 anos avaliados pelo CANTAB

    OpenAIRE

    Daniela Tsubota Roque

    2013-01-01

    A neuropsicologia infantil e uma area distinta dentro da neuropsicologia clinica e o seu surgimento e uma consequencia do reconhecimento de que as relacoes cerebrocomportamento na crianca diferem significativamente dessas relacoes no adulto. Diversos testes neuropsicologicos tem sido desenvolvidos especialmente para administracao em computador, incluindo a bateria CANTAB que tem sido amplamente utilizada em pesquisas com diferentes grupos de idade e patologias. Em relacao ao desenvolvimento, ...

  4. Capital intelectual : o capital intelectual e o principal elemento diferenciador das empresas em ambientes competitivos?

    OpenAIRE

    Ziccardi, Paulo de Tarso

    2010-01-01

    Trata do papel do capital intelectual dentro das organizações mostrando sua importância, explica os elementos necessários para o seu desenvolvimento e as razões para o seu desenvolvimento. Mostra as principais relações do capital intelectual com o contexto mundial e os impactos que tem nos resultados das organizações. Compara organizações que trabalham o seu capital intelectual com organizações que não trabalham e verifica as diferenças nos resultados. Levanta as carac...

  5. Oportunismo como determinante da estrutura de capital: Um estudo de caso em nanotecnologia

    Directory of Open Access Journals (Sweden)

    Milena de Cassia Rocha

    2017-06-01

    Full Text Available A discussão sobre os determinantes da estrutura de capital é algo que vem sendo realizado há algum tempo. Contudo, é observado uma lacuna a respeito do tema em empresas de nanotecnologia, assim como trabalhos que enfoquem a ideia do oportunismo como determinante da estrutura de capital. Sendo assim, o presente artigo traz uma discussão sobre a ideia do oportunismo como determinante da estrutura de capital em empresas de nanotecnologia no Brasil. Para tal, foi realizado um estudo de caso abordando aspectos ligados a estrutura de capital adotada, a verificação da utilização de determinadas teorias sobre o tema e a relevância de algumas fontes. Foi observado que a empresa analisada utiliza a ideia do oportunismo como determinante da estrutura de capital devido aos fatores relacionados ao custo das fontes e as exigências por parte dos credores. Assim, em momentos em que os custos e as exigências são aceitáveis, para a empresa, se opta por tais fontes.

  6. ANÁLISE DE INDICADORES DE CAPITAL INTELECTUAL: ESTUDO DE CASO EM UMA EMPRESA ATACADISTA

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    Robson Oliveira Marques

    2011-12-01

    Full Text Available No cenário atual, chamado a era da informação, o valor das empresas reside no conhecimento e inovação que os colaboradores agregam na produção de bens e serviços, esse valor consiste em potencializar atributos que desenvolvam o capital intelectual nas organizações, ferramenta que se tem tornado crucial para uma posição competitiva no mercado. A contabilidade tem enfatizado em seus últimos pronunciamentos a importância da inserção dos ativos intangíveis para se chegar ao valor monetário real das empresas. Diante disso o objetivo deste trabalho consiste em identificar o uso de indicadores de capital intelectual no Atacadão Distribuição, Comércio e Serviços Ltda. Esta pesquisa se embasou em um estudo de caso, onde se pode observar que a empresa precisa dar maior ênfase a seu capital humano, pois as ações desenvolvidas não estão atingindo uma boa parcela de colaboradores. O capital estrutural e relacional que também integram o Capital Intelectual, na percepção dos colaboradores, estão sendo desenvolvidos na organização.

  7. EFEITOS DO CAPITAL INTELECTUAL SOBRE O DESEMPENHO FINANCEIRO EM EMPRESAS BRASILEIRAS E CHILENAS

    OpenAIRE

    Salete Turra; Danielle Paná Vergini; Fellipe André Jacomossi; Nelson Hein

    2015-01-01

    O objetivo da pesquisa foi verificar a influência do Capital Intelectual medido pelo Valor Agregado do Capital Intelectual (VACI) sobre o desempenho financeiro em empresas brasileiras e chilenas no ano de 2013. Realizou-se uma pesquisa descritiva, documental, com abordagem quantitativa por meio da técnica estatística correlação canônica. Os dados foram coletados na base de dados da Tomnson®. Os resultados do estudo demonstraram correlação canônica existente entre as variáveis que compõem o VA...

  8. Social disclosure e custo de capital próprio em companhias abertas no Brasil

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    Rodrigo de Souza Gonçalves

    2013-08-01

    Full Text Available Esta pesquisa tem por objetivo analisar a relação entre o nível de social disclosure e o custo de capital próprio em companhias abertas no Brasil. Assume-se a hipótese de que os programas sociais externos promovidos ou apoiados pelas empresas contribuem para a construção da imagem reputacional das organizações, compensando as externalidades, trazendo benefícios sob o ponto de vista econômico, pela relação negativa com o custo do capital. Para testar essa hipótese, foram coletados e analisados os relatórios de responsabilidade social de 83 empresas listadas na Bolsa de Valores, Mercadorias e Futuros de São Paulo (BM, no período de 2005 a 2009. Para avaliação do nível de social disclosure das empresas analisadas, foi utilizado um índice composto de 13 indicadores. O custo de capital próprio foi ajustado ao risco mediante o Capital Asset Pricing Model (CAPM e testado por meio de regressão com dados em painel com efeitos fixos seccionais. Os resultados evidenciam que há relação negativa entre custo de capital próprio e nível de social disclosure, indicando, para o mercado acionário brasileiro, uma forma semiforte de eficiência de mercado.

  9. A formação do capital social em uma comunidade de baixa renda.

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    Souto-Maior Fontes, Breno Augusto

    2004-10-01

    Full Text Available Este artigo objetiva analisar as inserções em redes egocentradas de indivíduos de uma comunidade de baixa renda na cidade do Recife. A partir de algumas considerações iniciais sobre redes egocentradas, ensaiamos uma análise de redes construídas em uma comunidade de baixa renda. Os dados de que dispomos para análise foram extraídos de uma pesquisa empírica em uma comunidade de baixa renda na cidade do Recife. O nosso objetivo é verificar o quão de particular existe nessas populações de baixa renda, e o que se pode extrair de regularidades em redes egocentradas, e também observar, a partir de índices de capital social construídos, que posições diferenciadas na estrutura social podem existir quando se introduz a variável "rede social". Interessa-nos particularmente discutir as hipóteses de FLAP sobre relações sociais como recursos ou como capital. Os índices construídos nos remeterão a três grandes blocos de questões: (a o número de relações onde se inscrevem capacidades potenciais para ajudas; (b a extensão das redes de ajuda, função da intensidade das relações; e (c os recursos que podem ser alocados a partir dessas relações. As bases empíricas desse artigo dizem respeito a informações extraídas de redes egocentradas da comunidade de Chão de Estrelas, Recife. Foram aplicados 295 questionários, a partir de amostra aleatória simples em um universo de 1.131 domicílios (sendo escolhida uma pessoa adulta por domicílio.

  10. Estudo de ferramentas de avaliação de maturidade em projetos de capital

    OpenAIRE

    Pedro Rocha Galvao Junior

    2013-01-01

    O estudo das formas como é feita a concepção dos mega empreendimentos, os chamados projetos de capital, têm crescido em importância, tanto nos meios acadêmicos como empresariais, principalmente nos segmentos industriais. Nesse contexto, torna-se importante estudar e avaliar o nível de definição ou maturidade na fase de concepção desses projetos. Este trabalho faz uma análise comparativa de métodos de avaliação do grau de definição da fase de concepção de projetos de capital, destacando a util...

  11. Análise dos acidentes de trânsito ocorridos em uma Capital do Nordeste Brasileiro, em 2006.

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    Francisco José de Paula Júnior

    2013-06-01

    Full Text Available Este trabalho teve como objetivo descrever os acidentes de trânsito ocorridos na cidade de Fortaleza, capital do Ceará, no ano de 2006. Foi realizado um estudo descritivo, transversal, a partir de dados do Sistema de Informação de Acidentes de Trânsito de Fortaleza, que agrega todas as informações pertinentes aos acidentes de trânsito ocorridos na capital cearense, além de informações do Sistema de Informações Hospitalares. Esses dados foram analisados utilizando o software EPI INFO®. Em 2006, foram registrados 23.443 acidentes de trânsito. Desses, houve uma proporção de 2:1, entre homens e mulheres e os óbitos ocorreram principalmente na faixa etária de 30 a 59 anos, liderados por pedestres 141 (41,34% e motociclistas com 76 (22,28%. Entre os tipos de acidentes 14.267 (60,85% registraram-se colisões, tendo o mês de dezembro e o intervalo de 18 às 20 horas apresentado o maior número de registros. Em relação aos ferimentos, os motociclistas foram os mais lesionados, atingindo 5.634 (40,57% pessoas. Parte significativa dos acidentes e óbitos envolveu adolescentes e adultos jovens, resultando em 341 (0,71% vitimas que evoluíram para óbito. É fundamental estimular políticas públicas para melhoria nas condições de trânsito e um maior investimento para os sistemas que coletam informações sobre os acidentes.

  12. "Um arranjo produtivo em xeque": campo, habitus e capital simbólico em um Arranjo Produtivo Local moveleiro em Minas Gerais

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    Osmar Vieira de Souza Filho

    2013-12-01

    Full Text Available O Arranjo Produtivo Local de Ubá e região (APL de Ubá gera cerca de nove mil empregos e abriga a sede da maior empresa de móveis de aço da América Latina, além de três outras grandes empresas. Entretanto, é marcado por relações de disputa que preocupam os próprios empresários locais. O problema investigado é até que ponto essas disputas, especialmente entre fabricantes e fornecedores, colocam em risco esse APL moveleiro. O objetivo neste artigo é apresentar um entendimento de como se dão as relações de poder entre os empreendedores locais fabricantes de móveis e os fornecedores dessas empresas, discutindo suas implicações para o APL. Os resultados apontam para a existência de problemas nas relações entre fabricantes e fornecedores decorrentes, principalmente, da acumulação desigual de capital simbólico, do predomínio de interesses diferentes em jogo (illusio, bem como dos princípios diferentes e em oposição que orientam as práticas dos agentes (habitus. Os resultados apontam os riscos que essa natureza de relações acarreta para o APL de Ubá.

  13. Trabalho, reestruturação do capital e mercado de trabalho em Macaé

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    Paula Martins Sirelli

    2013-02-01

    Full Text Available O artigo aborda a reestruturação do capital e seus impactos na cidade de Macaé. A mesma se destaca por abrigar a Petróleo Brasileiro S/A (PETROBRAS desde 1978, abarcando mudanças econômicas e sociais substanciais para a cidade e a região. O textoenfoca o desenvolvimento desigual e combinado, resultado das opçõespolíticas e econômicas. Focaliza o mercado de trabalho formal, apartir de dados da RAIS, numa pesquisa bianual de 1990 a 2010. Concluímos que apesar de um estrondoso aumento de vínculos formais nos últimos 20 anos, os mesmos não vêm sendo acompanhados por uma qualidade destes vínculos, fortalecendo a tese de uma renovada precarização das relações formais de trabalho, sobre sólidas bases de exploração, alienação e aumento da extração do mais valor, ancorada em práticas como a flexibilização dos vínculos,intensificação do trabalho e terceirização da força de trabalho.

  14. Corporate venture capital: geração e acompanhamento de oportunidades de investimento em empresas inovadoras Corporate Venture Capital: originating and monitoring investment opportunities in innovative companies

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    Thiago Pinheiro Faury

    2013-01-01

    Full Text Available O objetivo deste trabalho é compreender a utilização de estruturas corporate venture capital - CVC (capital de risco corporativo, identificando as motivações e as dificuldades no processo de implementação, com foco nos estágios de geração e acompanhamento de oportunidades de investimentos. A abordagem metodológica pautou-se inicialmente por uma revisão de literatura, seguida de um estudo de caso em uma empresa com unidade de novos negócios voltada ao CVC. Finalmente, foi utilizado um painel de especialistas da área de VC, composto por três grupos de especialistas: Mercado, Empreendedores e Neutro (acadêmicos, consultores em inovação e gerentes de incubadoras. Com o auxílio do software ATLAS.ti foi feita a análise de conteúdo dos discursos dos entrevistados, gerando um interessante painel a respeito das práticas de venture capital que poderá orientar não só a organização estudada, como também aos envolvidos na indústria de capital de risco, inovação e empreendedorismo. O trabalho aponta para a busca de opções de investimentos alinhadas aos mercados alvo, mas também de empreendedores alinhados à filosofia da organização. Também se observou diferenças na percepção entre os atores do painel de especialistas. Finalmente, foi destacada a importância de intermediários na aproximação das empresas inovadoras e o CVC.This study aims to understand the use of corporate venture capital structures (CVCs, identifying the motivations and difficulties in the implementation process, with focus on the generation and monitoring of investment opportunities. The methodological approach was based on a literature review, followed by an exploratory study performed in a service firm, especially in the new business unit dedicated to CVCs. Finally, we used a panel of specialists of the VC, composed of three groups of experts: Market, Entrepreneurs, and Neutral (academics, consultants, and managers of innovation incubators. The

  15. ATAQUES À POLÍTICA DE SAÚDE EM TEMPOS DE CRISE DO CAPITAL

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    Amanda Santos de Paiva

    2016-01-01

    Full Text Available This article highlights the determinations inherent to the corrosive movement of capital in the current context of crisis for the Brazilian Health Sector Reform Project. It is a bibliographical research that verifies the subsumption of the Sistema Único de Saúde (SUS - National Health System to macro determinations of finance capital. Shows the management model and privatizing healthcare, individual curative and centered procedure that has hegemonized the implementation of health policy in the context of SUS. As an expression of capital's attacks it emphasizes the obstacles to ensuring universal right to health when privatize it. It problematizes up, so the various forms of health privatization: the proposed universal health coverage-UHC, the so-called "new" management models, DAC 451 and the law n o 13.097 / 2015. And, notes the incestuous relationship between state intervention and the need for expansion of capital via appropriation of public funds.

  16. GESTÃO DO CAPITAL INTELECTUAL: ESTUDO DE CASO EM UMA UNIDADE DE AUDITORIA DO EXÉRCITO BRASILEIRO

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    Alexandre Fernandes Monteiro

    2016-12-01

    Full Text Available O capital intelectual (CI é percebido pelo mercado e por estudiosos como um fator decisivo no desempenho das empresas, sobretudo em negócios altamente dependentes do fator humano. Em uma atividade cuja principal fonte de criação de valor é o conhecimento, como a auditoria, um modelo capaz de permitir o controle e gestão de seu CI é ferramenta relevante. Este trabalho buscou verificar como o Exército Brasileiro identifica, mensura e faz a gestão do CI em uma de suas unidades de auditoria interna. A partir de estudo de caso único, apoiado em um protocolo, realizaram-se entrevistas com auditores e gestores militares, complementadas pela percepção dos auditados sobre o trabalho do auditor interno, cujos dados foram consolidados por meio de matriz de análise de conteúdo com vistas a se verificar como é feita a gestão do CI. Verificou-se que os gestores percebem a importância do CI, porém seguem um modelo de gestão superficial, sem uso de indicadores ou ferramentas, baseado na intuição, com baixo potencial de conexão com a estratégia organizacional. Diante desse resultado e com base no CI identificado e na literatura, foi proposto um modelo com vistas a possibilitar a sua mensuração, registro e gestão.

  17. Semelhanças e contrastes nos padrões de uso de crack em Santa Catarina, Brasil: capital vs Meio Oeste

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    Maria Terezinha Zeferino

    Full Text Available Resumo O crack é um problema relevante de saúde pública no Brasil, em função dos danos e riscos individuais e sociais secundários ao seu uso/abuso. O objetivo deste artigo é descrever características das cenas de uso de crack na Capital e no Meio-Oeste de Santa Catarina. O projeto se valeu da metodologia Time-Location Sampling. Em janeiro-junho de 2011, foram mapeadas 41 cenas de uso de crack na Capital e 33 no Meio-Oeste catarinense. Após seleção aleatória das cenas a serem observadas, foram sorteados os dias e os turnos em que estas seriam observadas em detalhe, totalizando 98 cenas/turno na Capital e 62 no Meio-O-este. As observações foram registradas em caderno de campo, analisadas via análise de conteúdo de Bardin e discutidas à luz da literatura nacional e internacional. Os usuários de crack entrevistados eram majoritariamente adultos do sexo masculino, com uma maior associação entre estar em situação de rua e consumir a droga na Capital. Enquanto no Meio-Oeste a maioria das cenas estavam ativas no período noturno, na Capital, apresentaram-se ativas em todos os períodos. Foram identificadas práticas de risco associadas ao uso do crack, como associação de múltiplas drogas, prostituição, compartilhamento de cachimbo e favores sexuais em troca da substância.

  18. Estudo dos fatores que determinam a formação do capital social familiar em empresas familiares na região sul de Minas Gerais

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    Daniela Meirelles Andrade

    2013-09-01

    Full Text Available No estudo aqui relatado identificaram-se os fatores que levam à formação do capital social familiar em empresas familiares. Para atingir o objetivo proposto, utilizou-se, como aporte teórico, a teoria do capital social e do capital social familiar. Para tanto, foi realizada uma pesquisa exploratória, do tipo survey, em 120 empreendimentos familiares. Aplicou-se questionário, sob a forma de entrevista, a todos os empresários. Os dados foram analisados por meio de análise fatorial. Os resultados foram apresentados em dois blocos: primeiro, a caracterização da amostra em relação ao perfil do respondente e ao perfil do empreendimento, bem como a apresentação da frequência de cada uma das assertivas; na segunda parte, foi feita a análise fatorial, após a qual foram identificados sete fatores relacionados com a formação do capital social familiar. São eles: diálogo colaborativo, rede familiar, infraestrutura moral, confiança, normas éticas, ideias próprias e canais de informação externos. O capital social familiar é solidificado por meio do diálogo colaborativo, a partir do qual é possível enraizar, na família e na empresa, as normas éticas, originando o que se chama de infraestrutura moral, quando a família e a empresa estão em sintonia interna e externa. Em um sentido contraditório, a ausência do diálogo colaborativo gera autoritarismo por parte dos dirigentes e membros da família, prevalecendo ideias próprias, as quais foram identificadas como fator contraditório à formação do capital social familiar.

  19. Percepcoes da familia da crianca com doenca cronica frente as relacoes com profissionais da saude

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    Marja Rany Rigotti Baltor

    2013-08-01

    Full Text Available A prevalência de doença crônica na infância tem aumentado, impondo à família contato contínuo com profissionais de saúde, ocasião em que a relação desempenha papel relevante. Raras explorações científicas abordam tal temática, apesar de ser apontada como núcleo fundamental para a interação efetiva. O objetivo desse estudo foi caracterizar como a família de criança doente crônica percebe sua relação com os profissionais de saúde. Foram entrevistados 20 cuidadores de criança com doença crônica. O referencial teórico e metodológico adotados foram, respectivamente, o Interacionismo Simbólico e a análise de conteúdo temática. O processo analítico revelou quatro categorias temáticas: papel do cuidador, relações angustiantes, serviços e profissionais e buscando relações acolhedoras. O resultado deste processo interacional que apresenta incongruência de expectativas e comportamentos entre profissional e família é falho e gera sentimento de desamparo, o qual é amenizado pela escuta e compreensão de outras famílias em situação similar.

  20. Custo de capital próprio em mercados emergentes: uma abordagem empírica no Brasil com o downside risk

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    Graziela Xavier Fortunato

    2010-02-01

    Full Text Available Este artigo visa testar empiricamente a proposta de Estrada (2000 para as empresas que compoem o Ibovespa, avaliando se para mercados emergentes existem outras medidas de risco sistematico diferentes do beta do capital asset pricing model (CAPM. Dessa forma, testou-se o downside risk que capta a parte negativa do retorno. Alem de dados em cross section, utilizaram-se dados em painel, como uma contribuição adicional ao trabalho de Estrada (2000. Os resultados encontrados não confirmam que o downside risk seja uma medida apropriada ao mercado brasileiro. Outras medidas de risco apresentaram melhor correlacao com o retorno, permitindo o calculo do custo de capital com valor diferente daquele obtido pela aplicacao do beta. De acordo com Estrada (2000, os resultados sugerem que os mercados emergentes estao em posicao intermediaria entre os mercados integrados e segmentados, tal como confirmado para o mercado brasileiro.

  1. Caso de Ensino: Abertura de Capital e Implantação de Sistema de Governança Corporativa em uma Empresa Familiar

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    Isaac Gezer Silva de Oliveira

    2015-01-01

    Full Text Available Prime Hospitality Group (PHG é uma empresa familiar,fundada há 17 anos pelo Sr. Milton Albuquerque, com hotéis eresorts espalhados em diversas regiões do País. Recentemente,a companhia decidiu realizar uma abertura de capital naBM&FBOVESPA. Entretanto, a realização de um IPO motivadiversas alterações na estrutura da empresa. Essas mudançasgeram custos e alteram a visão dos membros da família edos diversos stakeholders envolvidos no processo. O presentecaso propõe uma acertiva do impacto da implantação de ummecanismo de governança corporativa, em virtude da realizaçãoda abertura de capital em uma empresa familiar.

  2. O tratamento contábil do capital intelectual em empresas com valor de mercado superior ao valor contábil

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    Joel Marques de Oliveira

    2003-08-01

    Full Text Available Este artigo tem por objetivo sintetizar o resultado da pesquisa sobre o tratamento contábil que é aplicado ao capital intelectual, sob a ótica do processo de gestão, representado pelos conceitos e técnicas que são utilizados e que dão suporte à ação da administração, em empresas com valor de mercado superior ao valor contábil. Para atingir este propósito, o artigo consubstancia-se em uma pesquisa realizada em duas empresas de capital aberto, de Santa Catarina, que apresentam valor de mercado, considerado o valor das ações superior ao seu valor contábil. Observou-se que, embora as empresas pesquisadas possuam todas as características das organizações voltadas ao conhecimento e domínio tecnológico, o tratamento contábil do capital intelectual é algo ainda muito incipiente, e que, os critérios utilizados para mensurar, registrar e evidenciar as informações referentes ao capital humano, capital estrutural e capital de clientes, com vistas ao processo de gestão, é algo que ainda carece de uma sistematização, para que se possa refletir, por meio das demonstrações contábeis, alguma posição nesse sentido. Concluiu-se que as empresas pesquisadas, mesmo não possuindo as informações sistematizadas sobre as iniciativas de mensuração do capital intelectual, têm consciência da sua importância. No entanto, para que os gestores desses empreendimentos possam, efetivamente, utilizá-las como um diferencial competitivo no processo de gestão, as informações sistematizadas sobre o capital intelectual devem fazer parte dos relatórios gerados para a tomada de decisões.The objective of this article si to summarize the result of the research about the accounting treatment which is applied to the intellectual capital, through the management viewpoint, in companies with a market value superior than the accounting value. In order to reach this intention, the article is substantiated on a research carried out in two open

  3. Das Comissões de Solidariedade ao Primeiro Comando da Capital em São Paulo

    OpenAIRE

    Alvarez, Marcos César; Salla, Fernando; Dias, Camila Nunes

    2013-01-01

    O artigo analisa duas experiências de ação e de representação dos presos no sistema penitenciário paulista: as Comissões de Solidariedade e o Primeiro Comando da Capital (PCC). A hipótese sustentada é de que a obstrução à existência de mecanismos de comunicação e representação de presos, legitimados pelas autoridades, favoreceu a formação de um grupo que se impôs à massa carcerária pela violência mas que, ao mesmo tempo, buscou fundamentar sua "legitimidade" nas denúncias das deficiências do ...

  4. POLÍTICA HABITACIONAL E O CAPITAL PRIVADO EM PRESIDENTE PRUDENTE-SP

    Directory of Open Access Journals (Sweden)

    Sibila Corral de Arêa Leão Honda

    2013-01-01

    Full Text Available This article seeks the discussion of the implementation of social housing in medium- sized cities in Brazil in the 2000s decade, reflecting in the production of urban space. The emphasis is on the role of Local Government and its relationship with private enterprise for the production of low-income housing. It discusses the relationship between the urban and housing policies and the enterprises implementation by private initiative, its mechanisms and effects on the production of urban space, taking as study case projects financed by the Residential Leasing Program (PAR of Caixa Econômica Federal, in the city of Presidente Prudente, located in the west of Sao Paulo state. In the case dealt, the lack of urban policy with clear guidelines for housing policy leads to a direct action of private capital, which contributes to the production of exclusive and segregated spaces.

  5. Gerenciamento de Resultados e Alavancagem financeira em Empresas Brasileiras de Capital Aberto

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    Marcelo Edwards Barros

    2014-08-01

    Full Text Available O objetivo deste trabalho consiste em verificar a associação entre o nível de alavancagem financeira e o gerenciamento de resultados contábeis em companhias brasileiras listadas. O estudo caracterizado como descritivo utiliza como variável dependente os Accruals Discricionários como proxy do Gerenciamento de Resultados e como variável independente a Alavancagem Financeira obtida por meio de oito especificações distintas. Para mensuração dos accruals discricionários utiliza-se o Modelo KS (1995. Como variáveis de controle utiliza-se o Tamanho das empresas amostradas (TAM, Retorno sobre os ativos (ROA, Custo da dívida (Ke, Crescimento (C e Tangibilidade (Tan. A amostra é composta por 324 companhias não financeiras no período de 2002-2011. Os resultados mostram que o coeficiente angular da alavancagem financeira se mostrou negativo como variável explicativa, indicando direção contrária do nível de alavancagem sobre o gerenciamento de resultados. O estudo é importante porque amplia o escopo de exames empíricos voltados a observação do comportamento oportunista dos gestores nas escolhas contábeis. Em termos metodológicos, examina a hipótese do nível de endividamento por meio de análise bivarada e multivariada com utilização de métodos que permitam examinar a dinâmica desta relação ao longo do tempo nas empresas amostradas.

  6. Excesso de peso e fatores associados em adolescentes de uma capital brasileira

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    Carolina de Souza Carneiro

    Full Text Available RESUMO: Objetivo: Avaliar a prevalência de excesso de peso (EP e fatores associados em adolescentes. Métodos: Estudo transversal realizado em escolas públicas e privadas de Goiânia (GO. Foram analisados adolescentes de 12 a 18 anos (n = 1.169 por meio de questionário padronizado. A prevalência de EP foi avaliada pelas curvas de crescimento da Organização Mundial da Saúde (OMS de Índice de Massa Corporal (IMC por idade. As associações entre as variáveis sociodemográficas, de antecedentes familiares de obesidade, de estilo de vida e de pressão arterial com o EP foram analisadas por intermédio da razão de prevalência bruta e ajustada por meio da regressão múltipla de Poisson. Resultados: A prevalência de EP foi de 21,2%, sendo 14,1% de sobrepeso e 7,1% de obesidade, com diferenças significativas entre gêneros (26,3% dos rapazes versus 16,8% das moças. Na análise de Poisson, a obesidade materna (RP = 1,86; p = 0,004 foi associada com a maior prevalência de EP no sexo masculino, e aqueles com idade entre 15 e 18 anos tiveram menor prevalência de EP quando comparados àqueles com idade entre 12 e 14 anos (RP = 0,70; p = 0,021. No sexo feminino, a presença de pais obesos (RP = 2,42; p < 0,001 associou-se a maior prevalência de EP, e as moças pertencentes à classe C tiveram menor prevalência de EP (RP = 0,67; p = 0,035. Conclusões: O EP em adolescentes esteve associado ao gênero, à obesidade familiar, e a melhor classificação socioeconômica - fatores que devem ser o foco do planejamento de intervenções específicas na promoção da saúde.

  7. Um estudo reflexivo da produção científica em capital intelectual.

    Directory of Open Access Journals (Sweden)

    Suliani Rover

    2008-10-01

    Full Text Available This paper presents a refl exive study of the scientifi c production on IntellectualCapital (IC from a bibliometric study and from a mapping of the results of researchpublished in Brazilian journals classifi ed as “A” by Capes and in the proceedingsof the “EnAnpad” and of the “Congresso USP”. The analysis of the 73papers on CI published between 2000 and 2006 yielded the following results:the greater part of the studies is practical in nature; Mackenzie is the most relevantIES [instituição de ensino superior – graduate studies institution] in terms of scientifi c production; citation analysis points to the works by Edvinsson andMalone and Sveiby as the most referenced; most of the research devotes attentionto external users; ‘human, structural and customer capital’ is the most usedcategory; Edvinsson and Malone’s model inform most of the studies; there is aparallelism between the topics explored in the Brazilian and in the internationalcontexts; the multidisciplinary character of CI research is confi rmed, from thetendencies evidenced in the studies.

  8. Modelo para a mensuração do capital intelectual: uma abordagem fundamentada em recursos A model for measuring intellectual capital: an approach centered on a resources-based view

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    Olivir Sebastião Malavski

    2010-09-01

    Full Text Available A compreensão dos mecanismos de criação de valor na produção de bens ou serviços tem ocupado um lugar especial na agenda das empresas. O renascimento da Teoria Baseada em Recursos é um sinal da intensificação desta busca, em que se procura identificar o papel dos recursos, capacitações e competências na criação de valor nos sistemas de operações. Este trabalho desenvolve um modelo fundamentado no conceito de capital intelectual para articular recursos, capacitações e competências organizacionais. O modelo é construído a partir das definições das variáveis recursos, capacitações, competências e capital intelectual, trabalhando esses elementos em seus diferentes níveis de análise. A estrutura utilizada para a construção do modelo de integração fundamenta-se no modelo do navegador Skandia, apropriando-se das suas dimensões de desempenho para fins de desenvolvimento deste trabalho. O resultado é um modelo que explica a dinâmica de integração de recursos, capacitações e competências para a avaliação da criação de valor na forma de capital intelectual.Understanding value creation mechanisms for producing goods and services occupies a special place in enterprises' agenda. The renaissance of Resource Based Theory is a sign of this research intensification, which is focused on organizational resources, capabilities and the role of competences in operations systems value creation. This work develops an integration model based on the intellectual capital concept, to articulate resources, capabilities and competences. The model is built using the resources, capabilities, competences and intellectual capital variables definition, addressing them in their different levels of analysis. The structure of the integration model construction used is based on the Skandia navigator model, taking into account their performance dimensions for developing this study. The result is a model that explains the integrative dynamics

  9. O assassinato de um homossexual diante de um tribunal da Capital da República em meados do século XX

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    Rivail Carvalho Rolim

    2013-05-01

    Full Text Available http://dx.doi.org/10.1590/S0104-026X2013000100017 O objetivo deste artigo é o de analisar como o assassinato de um homossexual foitratado em um tribunal da Capital da República em meados do século XX. Os autos criminaispodem revelar aspectos significativos sobre a aplicação do direito nas instâncias judiciais.Ressaltamos como a cultura jurídico-penal no país continuou reproduzindo os mesmos padrõessocioculturais das culturas jurídico-penais ocidentais; em última instância, condenando o prazerou pelo menos determinadas formas de senti-lo. Da mesma forma, inferimos que, por intermédioda legalidade processual, se reprimiu determinado comportamento sexual, já que a legalidadeformal não preceituava a homossexualidade como crime.

  10. A formação profissional crítica em Serviço Social inserida na ordem do capital monopolista Critical professional background in Social Services within the monopolistic capital order

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    Ricardo Silvestre da Silva

    2010-09-01

    Full Text Available O texto que segue trata sobre as transformações que vêm ocorrendo no ensino superior brasileiro a partir da última década, e como as mesmas vêm reorganizando-o em favor dos interesses do grande capital orientado pelos organismos internacionais, que inserem a educação definitivamente na lógica lucrativa do mercado. Este quadro mais geral traz grandes desafios para o conjunto das forças políticas progressistas preocupadas em garantir a estrutura universitária pautada no ensino, pesquisa e extensão de qualidade, incluído aí o Serviço Social e seu projeto ético-político.The following text is about the transformation that has occurred in the Brazilian university education since the last decade, and the way this change has reorganized such education as to favour the interest of the large capital, which has been guided by international bodies that put education in the profit-oriented logic of the market. This general situation creates great challenges to the political progressive forces which are concerned in guaranteeing the structure of the university education that aims teaching, research and extension courses of good quality. Social Services and its ethical-political project are included in such guarantee of good quality.

  11. A DINÂMICA DO CAPITAL DE GIRO SEGUNDO O MODELO FLEURIET: UM ESTUDO EM UMA COMPANHIA ENERGÉTICA NO CEARÁ

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    Caick Cruz Marreiro

    2017-08-01

    Full Text Available Este artigo tem como objetivo analisar a situação econômico-financeira do capital giro de uma concessionária de fornecimento de energia elétrica sobre a óptica do Modelo de Michel Fleuriet. A pesquisa de natureza qualitativa foi realizada nas demonstrações financeiras da companhia, disponibilizada no sítio da BM&FBOVESPA, dos exercícios de 2013, 2014 e 2015. Os resultados encontrados foram duas estruturas financeiras insatisfatórias e uma sólida. Conclui-se que a empresa encontrava-se em condições financeiras com grande variação do ponto de vista do capital de giro. 

  12. Confluência do Capital Social, Empoderamento e Governança Ambiental na Sadia Qualidade de Vida em Comunidades Rurais no Ceará

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    Magda Cristina de Sousa

    Full Text Available Resumo: A compreensão da forma como capital social, empoderamento e governança ambiental se relacionam em escala local pode fortalecer o papel do poder público e de instituições privadas na implementação de estratégias de promoção da qualidade de vida. Nessa perspectiva, o objetivo deste estudo é analisar a confluência do capital social, empoderamento e governança ambiental para a sadia qualidade de vida, em comunidades rurais, no Ceará. Para tanto, foram utilizados dados primários obtidos junto a representantes das comunidades. A operacionalização dos conceitos analisados foi realizada por meio da construção de índices agregados. Como principal método de análise foi estimado um modelo de equações estruturais. Os resultados mais relevantes mostraram que o capital social e o empoderamento se relacionam entre si na promoção da sadia qualidade de vida nas comunidades estudadas, enquanto a governança ambiental não consegue promover mudanças nesse sentido. Ficou evidente a importância da participação da comunidade no desenvolvimento/envolvimento melhorando, assim, o acesso a direitos sociais com a participação responsável e solidária para alcançar a sadia qualidade de vida, em um meio ambiente com equilíbrio ecológico, às presentes e futuras gerações.

  13. Pobreza, capital humano, capital social e familiar

    OpenAIRE

    Petrini, Giancarlo; Fonseca, Ricardo; Porreca, Wladimir

    2010-01-01

    O presente estudo investiga a pobreza partindo de uma análise dos recursos que os pobres dispõem em sua realidade, analisando os temas do capital humano, social e familiar, procurando estabelecer conexões e elucidar fatores da realidade pouco considerados em estudos e  projetos de combate à pobreza e à exclusão social. O presente artigo, em seu conjunto, procura compreender porque, em condições semelhantes de pobreza, algumas pessoas conseguem elaborar um projeto de vida enquanto outras se es...

  14. Memes e Dinâmicas Sociais em Weblogs: informação, capital social e interação em redes sociais na internet

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    Raquel da Cunha Recuero

    2008-12-01

    Full Text Available The following paper discusses the motivations of webloggers for meme replication through the Internet and how this replication affects social capital generated within social networks. The work is based on a previous paper (Recuero, 2006 and on the meme taxonomy, observation and interviews with webloggers. All data is then related to types of social capital (Bertolini e Bravo, 2004 generated by the social interaction on each post with each meme. Finally, the results are discussed in order to show that memes have two main functions in those weblogs, social or informative, both contributing directly to reputation and social interaction.

  15. Evidenciação do capital intelectual em empresas do setor de tecnologia da informação e do setor de telecomunicações listadas na BM&FBovespa nos anos de 2007 a 2009 = Disclosure intellectual capital in business sector information technology and telecommunications sector listed on Bovespa BM & F the years 2007 to 2009

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    Diane Rossi Maximiano Reina

    2011-08-01

    Full Text Available O capital intelectual tem sido considerado na literatura como fonte de conhecimento e recursos que agregam valor as empresas e as pessoas. Assim, este trabalho busca analisar a evidenciação voluntária do Capital Intelectual em empresas listadas na BM&FBOVESPA. O estudo é descritivo, qualitativo e utiliza análise de conteúdo, matriz de classificação de capital intelectual de Sveiby (1997 e codificação numérica de Guthrie et al. (1999. Como principais resultados obteve-se: (i 92% das empresas do setor de telecomunicações evidenciaram elementos de Capital Intelectual em 2007, no setor de tecnologia da informação em 2007 era de 78% e entre 2008 e 2009 este percentual elevou-se para 87,5%; (ii a forma de evidenciação que prevaleceu foi a narrativa; (iii o elemento contrato favorável manteve a maior evidenciação no ano de 2007 e em 2008 o elemento processo gerencial teve 40%; e (iv a categoria de Capital Externo foi a que mais representou elementos entre os dois setores.Intellectual capital has been considered in the literature as a source of knowledge and resources that add value to businesses and individuals. This study analyzes the voluntary disclosure of intellectual capital in companies listed on BOVESPA. The study is descriptive, and uses qualitative content analysis, classification matrix of intellectual capital to Sveiby (1997 and numerical coding Guthrie et al. (1999. The main results are: (i 92% of companies in the telecommunications industry showed elements of intellectual capital in 2007 in the information technology sector in 2007 was 78% and between 2008 and 2009 this percentage increased to 87 5%, (ii the form of disclosure that prevailed was the narrative, and (iii the element retained most favorable contract disclosure in 2007 and 2008 element management process was 40%, and (iv the category of Foreign capital was the most represented elements between the two sectors.

  16. O Valor do Intangível em Instituições de Ensino Superior: um enfoque no capital humanoThe Value of the Intangible in Institutions of Higher Education: a focus on human capitalEl Valor de lo Intangible en Instituciones de Enseñanza Superior: un enfoque en el capital humano

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    PONTE, Vera Maria Rodrigues

    2005-05-01

    Full Text Available RESUMONo atual cenário competitivo, as Instituições de Ensino Superior (IES buscam acirradamente manter seu lugar no mercado. Nesse contexto, entende-se que o corpo docente deve ser cada vez mais valorizado, verificando-se a alocação de recursos relevantes em ativos intangíveis. Assim, é natural que as organizações comecem a desenvolver políticas de gestão do Capital Intelectual, mais especificamente do seu Capital Humano. Assim, decidiu-se pela elaboração de pesquisa com o objetivo de realizar levantamento sobre a gestão do Capital Humano nas IES públicas e privadas localizadas em Fortaleza. Esta pesquisa tem natureza qualitativa, e é tipificada como exploratória descritiva, iniciando-se por uma pesquisa do tipo desk research, seguida de uma pesquisa do tipo survey, com entrevista e aplicação de questionário. Os resultados da pesquisa demonstram a unanimidade dos gestores das IES quanto à importância de investimentos no Capital Humano, bem como a necessidade de um método que aponte o retorno dos investimentos. Apesar dessa realidade, as atuais políticas das IES ainda não contemplam ações concretas voltadas para a definição de critérios que viabilizem o gerenciamento do Capital Humano.ABSTRACTHigher Education Institutions (HEI are making an effort to maintain their position on the marketplace within today’s competitive environment. In this context, it is understood the necessity to attribute more value to teaching staff, through the use of relevant resources in intangibles assets. Therefore, it is natural that organizations shall begin to develop policies for Intellectual Capital management, what is to say of its Human Capital. Thus, it was decided to carry out this research with the purpose of surveying about Human Capital management in public and private HEI in Fortaleza. This research is qualitative, and is characterized as an exploratory description, beginning with a desk research study, followed by a survey

  17. JUVENTUDES: trajetórias, experiência e reconhecimento em tempos de crise da sociedade do Capital

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    Camila Holanda Marinho

    2016-01-01

    Full Text Available This article will present reflections on the condition of youth in the capital society in times of crisis. Therefore, I will use concepts such as experience, track record and recognition to place as certain youth groups are located in scenarios marked by social inequality, as well as by stigmatizing and criminalizing perception outlined by common sense. It considers from a quantitative database that the trajectory of many young Brazilians is marked by the fragility of access to public policies implemented by a state incapable of promoting equity, distributive and the equivalence of care services and promotion rights.

  18. Scale-up of mixer-settler for uranium extraction; Determinacao das relacoes de `scale-up` em misturador-decantador tipo caixa utilizado na extracao de uranio

    Energy Technology Data Exchange (ETDEWEB)

    Santana, A.O. de

    1990-05-01

    The aim of this work was to obtain scale-up relations for a box type mixer-settler used in uranium extraction process for chloridric leaches. Three box type units with different sizes and with the same geometry were used for scale-up of the mixer. The correlation between extraction rate and specific power input, D/T ratio (stirrer diameter/mixer length) and residence time were experimentally obtained. The results showed that the extraction increases with power input for a constant value of D/T equal to 1/3, remaining however independent from mixer sizes for a specific value of power input. This behavior was observed for power input values ranging from 100 to 750 w/m{sup 9}. (author). 23 refs, 22 figs, 23 tabs.

  19. Intellectual Capital.

    Science.gov (United States)

    Snyder, Herbert W.; Pierce, Jennifer Burek

    2002-01-01

    This review focuses on intellectual capital and its relationship to information professionals. Discusses asset recognition; national practices and the acceptance of intellectual capital; definitions of intellectual capital; measuring intellectual capital, including multiple and single variable measures; managing intellectual capital; and knowledge…

  20. Capital humano e sua relação com o desempenho organizacional em empresas prestadoras de serviços contábeis = Human capital and its relationship with the organizational performance in accounting services providers

    Directory of Open Access Journals (Sweden)

    Suzete Antonieta Lizote

    2017-08-01

    Full Text Available Na atualidade o valor das empresas não pode ser estimado apenas pelos seus ativos tangíveis. A geração e aquisição de conhecimento são fundamentais para a obtenção de vantagens competitivas, pelo que cresce a importância do capital intelectual da organização. Nesse contexto a pesquisa objetiva analisar se o capital humano (CH que as empresas prestadoras de serviços contábeis dispõem se relaciona positivamente com seu desempenho organizacional (DO. Metodologicamente, a pesquisa se caracteriza como quantitativa e de natureza aplicada, com os dados empíricos obtidos com questionário numa amostra intencional. Levantaram-se dados de ambos os constructos e dos respondentes e suas empresas. Os métodos estatísticos foram o teste t e a análise de variância para as comparações de médias. Empregou-se também a análise fatorial exploratória e confirmatória e a modelagem em equações estruturais para avaliar a relação conjecturada. Os resultados obtidos mostraram que os respondentes têm percepções estatisticamente iguais para ambos os constructos ao considerar o gênero e o tipo de gestão que a firma possui, mas houve diferenças para a percepção do desempenho segundo seu tamanho. Empresas maiores declaram ter maior desempenho. A hipótese que o CH se relaciona positiva e significativamente com o DO foi confirmada. Currently the value of companies cannot only be estimated by their tangible assets. The generation and acquisition of knowledge are key for obtaining competitive advantages, reason for which the importance of the intellectual capital of the organization grows. In this context the research aims to analyze whether the human capital (CH held by companies providing accounting services are positively related to their organizational performance (DO. Methodologically, the research is characterized as quantitative and of an applied nature, with the empirical data obtained from a questionnaire in intentional sample. Data

  1. Déficit em transações correntes, movimentos de capital e ataques especulativos: uma abordagem estruturalista das recentes crises cambiais na América Latina

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    Marcelo Curado

    2004-09-01

    Full Text Available O objetivo deste trabalho é elaborar um modelo teórico sobre o papel dos déficits estruturais em transações correntes e da capacidade limitada de absorção de ativos externos como elementos presentes em crises cambiais de economias emergentes. O modelo terá como refe-rência as recentes crises ocorridas na América Latina, especificamente a crise mexicana de 1994 e brasileira de 1999. Pretende-se, portanto, incorporar ao debate algumas especificidades da região que têm sido negligenciadas, ou incorporadas de forma apenas parcial, pela literatura estabelecida sobre crises cambiais. O modelo deverá ilustrar o argumento de que as causas para os recentes ataques especulativos na região encontram vinculações - além dos aspectos financeiros destacados pela literatura estabelecida - com o grau de competiti-vidade externa da economia e seu grau de desenvolvimento tecnológico.This work aims to develop a theoretical model of the role that structural deficit in current account, as well as a limited capacity of absorption of financial capital, play in exchange rate crisis in developing countries. The model is specifically framed in the light of the experience of exchange rate crisis in Latin America, especially that of Brazil (1999 and Mexico (1994. The model includes key features of the Latin American economies which have been neglected or taken into account only partially in the current literature on external crisis. In particular, it is argued that recent speculative attacks on some Latin American currencies are related - along with the financial aspects usually highlighted by the existing literature - to competitiveness and technological development.

  2. Intellectual Capital

    DEFF Research Database (Denmark)

    Bukh, Per Nikolaj; Christensen, Karina Skovvang

    2015-01-01

    Intellectual capital (IC) consists of human capital, organizational capital, and relational capital, and their relationships. It has been said to be important to explain the difference between market value and book value of a firm, but measurement of IC is more likely to be important because...

  3. Dinâmica do capital e sistemas locais de saúde: em busca de uma análise integradora do setor saúde

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    Maria de Fátima Siliansky de Andreazzi

    2006-06-01

    Full Text Available Apresenta-se uma proposta metodológica direcionada à análise dos determinantes da oferta de atenção à saúde, com base na dinâmica da acumulação de capital a ser agregada aos elementos de definição das políticas de saúde mais convencionalmente empregados na área da Saúde Coletiva. A análise está baseada nos conceitos e métodos da Economia Industrial, já testados para o setor saúde em trabalhos desenvolvidos no âmbito europeu e por pesquisadores da CEPAL, aos quais se propõem agregar variáveis do contexto geral, que condicionam possibilidades e impõem limites às estratégias dos agentes locais, e análises de corte histórico que permitam identificar rugosidades. Destina-se a apoiar os gestores do SUS, estaduais e municipais, na sua atribuição de comando único do setor saúde sobre um determinado território, o que inclui o conjunto das possibilidades de regulação do setor privado - do planejamento da oferta ao controle de qualidade.

  4. FATORES CRÍTICOS DE SUCESSO EM PROJETOS DE BENS DE CAPITAL COM TIPOLOGIA PRODUTIVA ENGINEERING TO ORDER (ETO: UMA ANÁLISE A PARTIR DA LITERATURA

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    Antônio Carlos Pacagnella Júnior

    2014-06-01

    Full Text Available Este trabalho busca contribuir com a uma linha de pesquisa bastante abordada na literatura sobre gerenciamento de projetos, os fatores críticos de sucesso. Entretanto, para este estudo busca-se a identificação destes elementos em um tipo de projeto bastante específico, o de bens de capital com engenharia sob encomenda (ou engineering to order, cuja literatura é bastante escassa e insipiente. O método adotado neste artigo é a pesquisa bibliográfica, que foi realizada tomando por base periódicos científicos da área e livros de autores conhecidos desta área que permitiram a identificação dos seguintes fatores: Estabelecer objetivos claros, Controle das linhas de base, Análise de recursos críticos, Relacionamento entre projetos, Integração com fornecedores, Seleção de fornecedores, Integração com clientes, Análise de fatores limitantes, Estrutura e comunicação, Controle de desempenho técnico, Experiência da equipe, Uso de Sistema de informação para projetos, Presença de escritório de projetos, Execução adequada de comissionamento, Prevenção de multitarefa, Reservas de tempo e dinheiro, Reservas de tempo e dinheiro, Documentação clara, Registro de lições aprendidas e Utilização de tecnologias anteriores.

  5. Subvalorização Acionária em Crises Financeiras sob a Ótica de Teorias de Estrutura de Capital: Um Estudo junto às Maiores Empresas Brasileiras

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    Ana Paula Capuano da Cruz

    2011-09-01

    Full Text Available Este estudo pretende verificar se, em momentos de crise financeira, há relação entre variações da precificação acionária, estrutura de capital e rentabilidade das empresas estudadas. Trata-se de um estudo de evento, desenvolvido por meio de estatística descritiva, testes de hipóteses não paramétricos e modelagem de equações estruturais. A estrutura de capital não influenciou a variável latente rentabilidade, tendo influenciado apenas a rentabilidade ajustada das empresas estudadas. A variação da precificação acionária foi influenciada pela estrutura de capital e não sofreu influência da rentabilidade das companhias pesquisadas. A hipótese de que as empresas mais rentáveis apresentam menor variação no valor de mercado não foi confirmada. Em síntese, é possível afirmar que as características internas à firma podem explicar parte das variações do valor de mercado. Sugere-se a incorporação de fatores externos à empresa e inerentes à crise, bem como a consideração do “efeito manada” de forma a aprofundar futuros estudos.

  6. Avaliação do capital intelectual desenvolvido em organizações não governamentais: comparação entre entidades brasileiras e portuguesas = Intellectual capital’s assessment developed in non-governmental organizations: comparing portuguese and Brazilian organizations

    Directory of Open Access Journals (Sweden)

    Marina Souza Lúcio Oliveira

    2011-09-01

    Full Text Available As organizações exigem uma gestão cada vez mais dinâmica e atualizada e o capital intelectual possui uma parcela significativa na criação de vantagens competitivas nas entidades. Assim, o objetivo deste estudo consiste em investigar a presença do capital intelectual em entidades sem fins lucrativos portuguesas e as atitudes dos gestores acerca de sua gestão, além de comparar os resultados aos encontrados por Colauto e Avelino (2008 em entidades sem fins lucrativos brasileiras. O delineamento da pesquisa caracteriza-se como estudo exploratório. Os dados são primários e foram levantados por meio da aplicação de um questionário em entidades sem fins lucrativos portuguesas em 2009. As questões foram agrupadas em três categorias com 8 questionamentos para cada grupo, cuja intenção foi mapear os elementos relacionadas ao Capital Humano, Capital Estrutural e Capital de Relacionamentos. Para a quantificação dos elementos investigados, empregou-se uma escala Likert para detectar o grau de concordância/discordância dos respondentes em relação às assertivas propostas. Os resultados corroboram os de Colauto e Avelino (2008 e indicam tendência das entidades portuguesas em concordar com as proposições efetuadas para identificar os elementos relacionados ao Capital Humano, Capital Estrutural e Capital de Relacionamentos. Nas entidades portuguesas, o Capital Humano foi a categoria que apresentou resultados mais significativos (média do grau de concordância = 83%, enquanto nas entidades brasileiras destaque maior foi dado ao Capital de Relacionamentos (média do grau de concordância = 83%.The organizations require a more dynamic and updated management and the intellectual capital has a significant part in creating a competitive advantage in the entities. Thus, the purpose of this study is to investigate the intellectual capital presence in nonprofit Portuguese organizations and their managers’ attitudes, beyond compare the

  7. A Phenomenology of Capital

    Directory of Open Access Journals (Sweden)

    Christian Schmidt

    2017-02-01

    Full Text Available O artigo aborda a questão da metodologia que Marx utilizou em O Capital. A hipótese é que Marx utiliza a Fenomenologia do Espírito de Hegel como paradigma, em vez da Ciência da Lógica, como se acredita. O argumento discerne a fenomenologia do século 19 a partir da compreensão atual, moldada por Husserl. Além disso, eu remeto a ideia de uma fenomenologia em economia de volta ao círculo dos jovens hegelianos em torno de Proudhon. No entanto, o argumento é conclusivo apenas por um olhar mais atento ao uso que Hegel e Marx fazem dos níveis distintos de abstração dentro de suas respectivas exposições. O artigo demonstra especialmente os paralelos no início de ambos os livros e a forma como os seus autores avançam de um nível para o outro. Em contraste com as abordagens atuais que empregam a Ciência da Lógica como paradigma, eu saliento a especificidade que os objetos de investigação exibem em seus níveis particulares de abstração. Exemplos são a diferença de valores e preços de mercado e a discriminação entre capitais em geral e capital como um de muitos capitais em competição.

  8. Working capital in mergers and acquisitions in the oil industry: issues and impacts over the company valuation; Capital de giro em aquisicoes de empresas na industria do petroleo: consideracoes e impactos sobre o valor do negocio

    Energy Technology Data Exchange (ETDEWEB)

    Soares, Fabio Maia; Junior, Ewerton R.W.P. [PETROBRAS, Rio de Janeiro, RJ (Brazil); Mendes, Andre P. A. [Banco Nacional de Desenvolvimento Economico e Social (BNDES), Rio de Janeiro, RJ (Brazil)

    2008-07-01

    The necessary working capital required to maintain a sustainable company operation could be relevant in the oil industry, specially in high prices times. Their proper consideration in companies valuation contribute for economic model accuracy, providing reliable information to the investment decision. This article has the objective of discussing the general concept of working capital, taking into account peculiar characteristics concerning their applicability in economic analysis of mergers and acquisition. Aspects related to the forecast cash flow, perpetuity, besides issues concerning its financing are discussed. Further, it is also spotted the necessary concerns during the elaboration of prices proposals, regulatory and management factors influence, over its adequate dimensioning, and also the methodological simplifications usually used in forecasting. Lastly, the work aim to emphasize the importance of the working capital changes in all economic evaluation developed by the discounted cash flow methodology, in order to guarantee methodological consistency in the company valuation. (author)

  9. Measuring Capital

    OpenAIRE

    W. Erwin Diewert

    2003-01-01

    The paper revisits Harper, Berndt and Wood (1989) and calculates Canadian reproducible capital services aggregates under alternative assumptions about the form of depreciation, the opportunity cost of capital and the treatment of capital gains. Five different models of depreciation are considered: (1) one hoss shay; (2) straight line depreciation; (3) declining balance or geometric depreciation; (4) linearly declining efficiency profiles and (5) linearly increasing maintenance profiles. The l...

  10. Capital gains

    International Nuclear Information System (INIS)

    Blishen, C.

    1997-01-01

    This article examines African and Middle East oil and natural gas project financing. Capital markets financing, Ras Laffan's project bonds, capital market issues in Saudi Arabia, the movement toward gas and away from oil, and Islamic opportunities are discussed, African and Middle East oil and gas projects are listed. (UK)

  11. Understanding Capitalism

    DEFF Research Database (Denmark)

    du Gay, Paul; Morgan, Glenn

    2013-01-01

    This chapter places The New Spirit of Capitalism in the context of the development of capitalism over the last twenty years, up to and including the 200-7-8 financial crisis and the ongoing economic crisis which has developed out of this and is now focused on the relationship between state expend...

  12. Veja a Carta Capital

    OpenAIRE

    Iuan, Igor

    2014-01-01

    Resumo: Este estudo consiste numa análise das estratégias ideológicas e discursivas em reportagens das revistas Veja e Carta Capital, publicadas em maio de 2009, sobre a revelação do câncer da então ministra-chefe da Casa Civil do Brasil, Dilma Rousseff. O objetivo é investigar como a comunicação, por meio das estratégias discursivas e ideológicas utilizadas em ambos os veículos informativos, emite determinadas descrições da conjuntura política e eleitoral da época. Para isto, são realizados ...

  13. CAPITAL STRUCTURE AND VENTURE CAPITAL

    Directory of Open Access Journals (Sweden)

    Becsky-Nagy Patricia

    2015-07-01

    Full Text Available Venture capital significantly changes the capital structure of the portfolio company at the time of the investment. Venture capitalists contribute to the company’s success through their active involvement in the management and their added value appears in the increase of the value of the equity. At the same time with taking active role in the management, agency problem occurs, that complicates the cooperation and the success of exit. In this article we search the answer for the question whether the preferred equity, that are commonly used in the US for bridging the agency problem, are used and able to help Hungarian venture capitalists to manage agency problems. On the other hand we examined how the venture capital affect capital structure, how the venture capitalists value added appear in the capital structure. During the evaluation of the three case studies, we came to the conclusion, that the venture capital investments have positive effect on the liabilities of the enterprises, as the capital structure indexes show. However, the investors need the ownership, which help them to step up resolutely, when things change for the worse, and companies need the expertise, which the investors bring with their personal assistance. The investor’s new attitude also has positive effect on a mature company, which has an experienced leader, because he can show another aspect, as a person who come from outside. During the examination of the capital structure, we cannot disregard the events of the company’s environment, which have effects on the firm. The investor’s decisions also appear different ways. Because of this, every venture capital investment is different, just as the capital structure of the firms, in which they invest.

  14. TI e eficiência organizacional: um estudo no setor brasileiro de bens de capital mecânicos com foco em micro, pequenas e médias empresas Information technology and organizational efficiency: a study in the Brazilian capital goods sector focusing on micro, small and medium enterprises

    Directory of Open Access Journals (Sweden)

    Cesar Alexandre de Souza

    2011-01-01

    Full Text Available Uma das medidas para o sucesso do uso da tecnologia da informação (TI é seu impacto na performance das empresas. Muitos estudos têm sido realizados analisando a influência da TI no resultado, especialmente em empresas de grande porte. Este trabalho tem como objetivo analisar a relação entre investimentos em TI e eficiência organizacional com foco em empresas de micro, pequeno e médio porte. Para isso, foram identificados fatores críticos de sucesso para o desempenho de empresas industriais, sendo em seguida desenvolvido um modelo para realização de análise envoltória de dados (DEA - Data Envelopment Analysis em dois estágios. A pesquisa de campo foi realizada com empresas ligadas à Associação Brasileira das Indústrias de Máquinas e Equipamentos (Abimaq. Dentre os resultados destacam-se a maior capacidade das empresas de pequeno porte em converter o uso da TI em eficiência operacional e a maior capacidade das empresas maiores em converter fatores críticos de sucesso em rentabilidade.The impact on companies' performance is among the possible measures for Information Technology (IT success. Several researches showing the influence of IT on firms' results have been conducted, but mainly through studies carried out in large enterprises. The objective of this work was to analyze the relationship between IT investments and organizational efficiency - focusing on micro, small and medium sized enterprises. To this end, critical success factors for industrial companies' performance were identified, and a two-stage data envelopment analysis (DEA model was developed and tested in a sample of firms in the capital goods sector. DEA is especially interesting because it allows comparing and differentiating the firms in the sample which are more efficient in deriving results from IT. Among the results observed, there were the higher capacity of small firms to transform IT investments into operational efficiency and the higher capacity of

  15. Venture Capital

    National Research Council Canada - National Science Library

    Lister, M. J; Andreassen, A; Bales, Shanda; Biddle, J. G; Chang, M. M; McCormick, R; Packard, W. J; Sun, T

    2006-01-01

    Leveraging venture capital to the advantage of the Naval Services should be viewed as part of the larger project of reforming the acquisition system to permit rapid introduction of new technologies...

  16. QUESTÃO URBANA E AMBIENTAL EM TEMPOS DE CRISE DO CAPITAL: configurações e particularidades no Brasil contemporâneo

    Directory of Open Access Journals (Sweden)

    Eliana Costa Guerra

    2014-01-01

    Full Text Available This paper aims to discuss the nexus between capital crisis, urban and environmental issue, questioning the subordinate position of Brazil in the process of globalization with dominance of finance, the contradictions that characterize these processes and, in particular, its impact on the contemporary cities . Stirs up the class struggle, expressed in various forms of ownership and urban land use. In this scenario disputes, the forms of struggle and opposition to the unbridled accumulation of capital can be still considered punctual and small scale, but show resistance forms, that may generate emancipatory movements.

  17. O assassinato de um homossexual diante de um tribunal da Capital da República em meados do século XX The murder of a homosexual treated at a court in the Capital of de Republic of Brazil in the mid-twentieth century

    Directory of Open Access Journals (Sweden)

    Rivail Carvalho Rolim

    2013-04-01

    Full Text Available O objetivo deste artigo é o de analisar como o assassinato de um homossexual foi tratado em um tribunal da Capital da República em meados do século XX. Os autos criminais podem revelar aspectos significativos sobre a aplicação do direito nas instâncias judiciais. Ressaltamos como a cultura jurídico-penal no país continuou reproduzindo os mesmos padrões socioculturais das culturas jurídico-penais ocidentais; em última instância, condenando o prazer ou pelo menos determinadas formas de senti-lo. Da mesma forma, inferimos que, por intermédio da legalidade processual, se reprimiu determinado comportamento sexual, já que a legalidade formal não preceituava a homossexualidade como crime.The aim of this paper is to analyze how the murder of a homosexual was treated at a court in the capital of the Republic of Brazil in mid-twentieth century. Although intrinsically individualizing, criminal records reveal significant aspects on the application of the law in judicial court instances. The juridical and penal culture of the period reproduced continually the same social and cultural standards of Western juridical and penal culture in spite of the contemporary accumulation of knowledge. In other words, pleasure was condemned or, at least, certain forms of feeling pleasure, especially those which directly impaired procreation. Results show that through juridical legality certain types of sexual behavior were repressed, since the law itself did not consider homosexuality a crime.

  18. Influências do Comércio Eletrônico B2B no Processo de Atendimento de Pós-Vendas no Segmento de Bens de Capital: Estudo de Caso em uma Empresa Representante de Equipamentos Pesados

    Directory of Open Access Journals (Sweden)

    Tiago Correa do Amaral

    2015-06-01

    Full Text Available Estratégias competitivas são identificadas como norteadoras e pontos divergentes entre as empresas, que por sua vez garantem a evolução do mercado. Mais especificamente no setor de bens de capital, a necessidade de se diferenciar em suporte se traduz na exigência em disponibilidade de máquina, pois somente assim é possível proporcionar o retorno sobre o investimento realizado na aquisição do equipamento. O atendimento em pós-vendas, que visa suportar o produto em condições operacionais, é um relacionamento de longo prazo e que deve ser realizado com excelência com o intuito de proporcionar segurança e confiança e, consequentemente, fidelizar o cliente. A agilidade desse atendimento e o provisionamento de soluções rápidas é essencial para o consumidor e, por isso, a hipótese que o comércio eletrônico pode agregar valor nesse processo foi testada em uma empresa representante de equipamentos pesados de mais de 70 anos de mercado. A pesquisa foi conduzida através de entrevistas exploratórias com profissionais que atuam diretamente no relacionamento com clientes do segmento de equipamentos pesados para construção. Portanto, o objetivo desse trabalho foi identificar como o comércio eletrônico pode influenciar na qualidade de atendimento, velocidade de resposta e redução de custos no processo de atendimento em pós-vendas nas relações B2B. Os resultados apontam que a efetiva implantação de uma ferramenta de tecnologia da informação, como o comércio eletrônico, pode proporcionar vantagens competitivas através de um atendimento assertivo e otimizado em pós vendas.

  19. Comportamento do Volume de Negociações e do Risco de Mercado antes e após os Resultados das Eleições Presidenciais em 2014: Um Estudo com Empresas Brasileiras de Capital Aberto

    Directory of Open Access Journals (Sweden)

    Josilene da Silva Barbosa

    2017-01-01

    Full Text Available Objetivo: Consiste em analisar o efeito do resultado das eleições presidenciais em 2014 no risco de mercado medido em função do volume de títulos negociados pelas empresas brasileiras listadas na BM&FBOVESPA. Fundamento: Método: Nessa pesquisa a composição de amostras corresponde a todas as empresas com ações negociadas na Bovespa no período que corresponde às eleições para presidente da república realizada em outubro de 2014. Os dados que serviram de base para a realização dos testes são o preço das ações e volume de negociação de todas as empresas brasileiras de capital aberto, com títulos negociados na BM&FBOVESPA no período de 01 de janeiro de 2010 a 31 de agosto de 2015. Para análise dos dados, especificamente foi utilizada a metodologia teste de Chow (1960. Resultados: No estudo após proceder ao teste, constatou-se que a indefinição do cenário político pode ter provocado uma instabilidade no risco das empresas a um nível de significância de 5%. Os resultados mostram que 131 empresas apresentaram quebra estrutural o que corresponde a 71% da amostra, demonstrando que o risco das empresas em relação a investimentos mudou tanto para mais quanto para menos. Contribuições: O estudo é relevante para o mercado, pois, mostra que em períodos de instabilidade política o comportamento do mercado pode-se alterar, elevando o risco em função do volume de negociações. Ao prever esse tipo de alteração no mercado os investidores poderão se prevenir antecipadamente, tomando decisões que consideram esse tipo de evento, bem como as empresas também poderão tomar decisões preventivas.

  20. Práticas de Gestão de Pessoas: um estudo de casos múltiplos em empresas de bens de capital

    Directory of Open Access Journals (Sweden)

    Rosangela Maria Vanalle

    2011-01-01

    the same realm of activity - capital goods manufacturing - if there are similarities in regard to their workforce management practices. To develop the comparative analysis, this study relied on a bibliographical review of contemporary concepts relating to personnel management practices and employed questionnaires, interviews and document analysis to carry out the research. The panorama of the research results highlighted similarities and differences among the companies studied, encouraging the continuation of this research.

  1. Capital Social e a Construção da Confiança em Redes de Cooperação: Mudando Padrões de Relacionamentos na Pecuária de Corte

    Directory of Open Access Journals (Sweden)

    Douglas Wegner

    2011-12-01

    Full Text Available A formação de um grande número de redes empresariais, baseadas em relações de cooperação, tem levado ao questionamento dos fatores que podem contribuir para o sucesso de tais empreendimentos. Dentre os fatores que ajudam a compreender o desenvolvimento de redes de empresas, o capital social e a existência de instrumentos formais para o gerenciamento das relações entre os participantes são de grande importância. Sendo assim, o presente artigo teve como objetivo identificar de que maneira o capital social e as regras estabelecidas por uma rede de produtores rurais, na pecuária de corte gaúcha, contribuem para a construção de um ambiente de confiança. A operacionalização da pesquisa realizou-se por meio de estudo de caso com aplicação de entrevistas em profundidade com os seus integrantes. Os resultados apontaram que a confiança e o comprometimento dos participantes mostraram-se fundamentais para a manutenção do grupo e a busca de objetivos comuns. O fato de tratar-se de um grupo que já coopera há vários anos e que não demonstra grande dependência dos instrumentos legais para desenvolver suas atividades, ressalta que a repetição das interações e o aprofundamento das relações, onde os empresários passam a se conhecer melhor com o passar do tempo, tem um papel relevante para o sucesso do empreendimento.

  2. Allergy Capitals

    Science.gov (United States)

    ... to face one of the season’s biggest problems: tree pollen . Common symptoms of springtime allergies include: Runny nose Itchy eyes Sneezing Congestion “Our Spring Allergy Capitals report is a valuable tool to help identify cities where seasonal allergy symptoms can create challenges,” ...

  3. Capital Unchained

    DEFF Research Database (Denmark)

    Bryan, Dick; Rafferty, Michael; Wigan, Duncan

    2017-01-01

    on measuring (by accountants), managing (by corporations) and monitoring (by International Political Economy scholars and regulators), this article explores the longer term implications of accumulation of internationalised capital in intangible and abstract forms, and the prominent role of finance and offshore...

  4. Prevalência e fatores associados ao Near Miss Materno: inquérito populacional em uma capital do Nordeste Brasileiro

    Directory of Open Access Journals (Sweden)

    Tatyana Maria Silva de Souza Rosendo

    2015-04-01

    Full Text Available O objetivo deste estudo foi determinar a prevalência do near miss e de complicações no período gravídico-puerperal, identificando seus principais marcadores clínicos e de intervenção e os fatores socioeconômicos e demográficos a ele associados. Trata-se de um estudo seccional, de base populacional, probabilístico, com amostra complexa, realizado em Natal/RN, Brasil. Aplicou-se um questionário validado em 848 mulheres, de 15 a 49 anos, identificadas em 8.227 domicílios de 60 setores censitários. Nas análises de associações, aplicou-se o teste Qui-quadrado e calculou-se a Razão de Prevalência (RP com Intervalo de Confiança (IC de 95% e significância de 5%. A prevalência de near miss materno foi de 41,1/1.000 NV, sendo a internação em UTI (19,1/1.000 NV e a eclampsia (13,5/1.000 NV os marcadores mais referidos. A prevalência de complicações no período gravídico-puerperal foi de 21,2%. A maior prevalência do near miss foi observada nas mulheres com maior idade, da raça preta/parda e com piores condições socioeconômicas. A realização de inquéritos populacionais é factível e pode acrescentar informações importantes ao estudo do near miss e seus marcadores apontam para a necessidade de fortalecimento da assistência materna para reduzir iniquidades em saúde.

  5. Trinidadian capitalism

    Directory of Open Access Journals (Sweden)

    Kevin A. Yelvington

    1999-07-01

    Full Text Available [First paragraph] Capitalism: An Ethnographic Approach. DANIEL MILLER. Oxford: Berg, 1997. x + 357 pp. (Cloth £39.00, Paper £17.99 Women, Labour and Politics in Trinidad and Tobago: A History. RHODA E. REDDOCK. London: Zed, 1994. vi + 346 pp. (Cloth £39.95, Paper £15.95 Despite the underdeveloped state of the scholarship on its admittedly short sugar plantation slavery period, we now have a corpus of studies on various aspects of capitalism in Trinidad - from its historical advent (Sebastien 1978 to its twentieth-century manifestation in the petroleum sector (Seers 1964; Sandoval 1983, and from the ethnic structure of labor markets (Camejo 1971; Harewood 1971 and the role of capitalism in racial/ethnic inequality (Henry 1993; Coppin & Olsen 1998 to the way ethnicity affects business, big (Button 1981; Parris 1985; Centre for Ethnic Studies 1993 and small (Ryan & Barclay 1992; Griffith 1997, and the way ethnicity and gender are used in class recruitment (Yelvington 1995. There are also a number of fine working-class histories (e.g., Rennie 1973; Ramdin 1982; Basdeo 1983 and important works on the labor riots and strikes and the nature of the colonial state during the crises of the 1930s (e.g., Thomas 1987; Singh 1994. The two books under review here complement the works mentioned above, and they complement each other as well: Reddock's deals with the way capitalism up to the mid-century was buttressed by colonial politics, and explores how this formation engendered certain kinds of political responses, while Miller approaches capitalism through the assumption that fundamental changes in the post-Oil Boom period (ca. 1973-80 brought about considerable autonomy between production and consumption that can and should now be read through an analysis of the cultural circulation of images and commodities in the society. These books are both noteworthy because they engage in explicit theorizing on what capitalism was and is, and what it did and

  6. Mortalidade por câncer de cólon e reto e consumo alimentar em capitais brasileiras selecionadas Colorectal cancer mortality and diet patterns in selected Brazilian State capitals

    Directory of Open Access Journals (Sweden)

    Fabrícia Junqueira das Neves

    2006-03-01

    Full Text Available As taxas de mortalidade por câncer de cólon e reto mostram uma variação regional no Brasil e a heterogeneidade do padrão alimentar nas suas regiões geográficas poderia possivelmente explicar, pelo menos em parte, essas diferenças. Um estudo ecológico foi realizado com o objetivo de identificar possíveis associações entre padrões de consumo alimentar e taxas de mortalidade padronizadas por idade em capitais brasileiras selecionadas. O padrão de consumo alimentar em cada capital foi caracterizado com base no consumo de grupos de alimentos associados a essa neoplasia na literatura. Os dados de consumo de alimentos foram obtidos no ENDEF (Estudo Nacional de Despesas Familiares. A regressão linear múltipla foi utilizada para analisar as correlações entre as taxas de mortalidade e as variáveis alimentares. Essas taxas mostraram uma correlação positiva com o consumo de calorias, cereais, carnes, ovos/leite e legumes/frutas. Quando ajustado por consumo calórico total, carne e legumes/frutas foram as únicas variáveis que mantiveram uma correlação positiva. O modelo multivariado final com essas variáveis foi capaz de explicar 92% da variação das taxas de mortalidade nas capitais selecionadas. Esses resultados sugerem que diferenças no consumo calórico total e no consumo de carne e legumes/frutas poderiam explicar, parcialmente, os diferentes padrões de distribuição da mortalidade por câncer de cólon e reto no Brasil.Mortality rates for colorectal cancer show regional variations in Brazil, and the heterogeneous dietary profile observed in its geographic regions could possibly explain, at least partially, these different patterns. An ecological study was conducted to identify possible associations between dietary consumption profiles and age-standardized mortality rates for colorectal cancer in selected state capitals. The dietary profile in each capital was characterized on the basis of the consumption of groups of foods

  7. Instrumental Capital

    Directory of Open Access Journals (Sweden)

    Gabriel Valerio

    2007-07-01

    Full Text Available During the history of human kind, since our first ancestors, tools have represented a mean to reach objectives which might otherwise seemed impossibles. In the called New Economy, where tangibles assets appear to be losing the role as the core element to produce value versus knowledge, tools have kept aside man in his dairy work. In this article, the author's objective is to describe, in a simple manner, the importance of managing the organization's group of tools or instruments (Instrumental Capital. The characteristic conditions of this New Economy, the way Knowledge Management deals with these new conditions and the sub-processes that provide support to the management of Instrumental Capital are described.

  8. partial capitalness

    Directory of Open Access Journals (Sweden)

    Elena Grigoryeva

    2017-06-01

    A world away, in the Cape Winelands, architects of Stellenbosch struggle for the identity of the city, the capital of the unique cultural landscape. Here the traditional African culture is mixed with three century-long tradition of winegrowing and winemaking. This wonderful mixture was placed on the UNESCO Tentative List of World Heritage Sites. The authors of the project use cultural heritage protection laws to protect their city from chaotic development.

  9. Flexible Capitalism

    DEFF Research Database (Denmark)

    Approaching “work” as at heart a practice of exchange, this volume explores sociality in work environments marked by the kind of structural changes that have come to define contemporary “flexible” capitalism. It introduces anthropological exchange theory to a wider readership, and shows how...... the perspective offers new ways to enquire about the flexible capitalism’s social dimensions. The essays contribute to a trans-disciplinary scholarship on contemporary economic practice and change by documenting how, across diverse settings, “gift-like” socialities proliferate, and even sustain the intensified...

  10. Atendimento pré-hospitalar ao idoso vítima de violência em cinco capitais brasileiras Pre-hospital attendance to elders victims of violence in five Brazilian capitals

    Directory of Open Access Journals (Sweden)

    Suely Ferreira Deslandes

    2010-09-01

    Full Text Available Este artigo analisa as características e a operacionalização no cotidiano da atenção pré-hospitalar aos idosos vítimas de violências e acidentes de cinco capitais (Manaus, Recife, Brasília, Rio de Janeiro e Curitiba, abordando ainda suas capacidades, seus obstáculos e potencialidades. Pautou-se na triangulação de métodos quantitativos e qualitativos. Analisaram-se dados de oitenta serviços da atenção pré-hospitalar móvel e fixa: 32 em Manaus; 18 em Recife; dez em Brasília; 12 no Rio de Janeiro e oito em Curitiba. Entre os achados estão as diferenças (de tamanho e diversidade de categorias profissionais e dificuldades das equipes para identificar, atender e notificar os casos por falta de capacitação; pouca atuação preventiva; quase nenhum envolvimento com a família e orientação a ela; praticamente nenhum atendimento ao autor da agressão; incipiente articulação e parcerias da rede, sobretudo dos serviços pré-hospitalares com os hospitalares.This article reviews the characteristics and operation in the daily routine of a pre-hospital care to the elderly victims of violence and accidents in five capitals (Manaus, Recife, Brasília, Rio de Janeiro and Curitiba. Besides that, it analyses their abilities, and potential obstacles. It was based on the triangulation of quantitative and qualitative methods analyzing data from 80 departments of mobile and fixed pre-hospitals: 32 in Manaus, 18 in Recife, 10 in Brasilia, 12 in Rio de Janeiro and eight in Curitiba. Among the findings are the differences in size and diversity of occupational categories and difficulties of the teams to identify, serve and report cases for lack of training, limited preventive action, almost no involvement and guidance to the family, practically no attention to the perpetrator; incipient articulation and partnership network, especially regarding on pre-hospital services and the hospital.

  11. Poesia do Cone Sul hispano-americano: capital simbólico e representação em antologias do Brasil e Itália

    Directory of Open Access Journals (Sweden)

    Silvana Serrani

    2013-06-01

    Full Text Available A contradição básica entre o lacunar e o pletórico de toda antologia produz conseqüências para a leitura, o cânon, a disputa de capitais simbólicos e a memória literário-cultural, entre outros domínios. A partir das premissas bakhtinianas para o enfoque do gênero, neste trabalho analisamos a representação da poesia do Cone Sul para os púbicos brasileiros e italiano, nas antologias de poesia hispano-americana de Thiago de Mello (2011 e Martha Canfield (2004, respectivamente. Examinamos a estrutura composicional das recompilações, a seleção, seu paratexto e estilo discursivo, assim como as temáticas e poéticas representadas. Nas conclusões nos detemos a aproximações destas obras, editadas em países latinos não-hispânicos, com a finalidade de indicar perspectivas e desafios sobre a inclusão de poetas recentes, tradução cultural, diálogos intersemióticos e pluralidade cultural intraregional hispano-americana, em futuros projetos antológicos.

  12. Doutores em Ciências Contábeis: Análise sob a Óptica da Teoria do Capital Humano

    Directory of Open Access Journals (Sweden)

    Jacqueline Veneroso Alves da Cunha

    2010-05-01

    Full Text Available The assumptions pertaining to the human capital theory establish that people study, and that the main result of education is the change it grants to the abilities and knowledge of those who study. The anticipated consequence is the improvement in income, life quality and professional and social opportunities. Based on this theoretical framework, this study aims to identify and analyze the evaluations and views that holders of a PhD degree in Accounting Sciences from FEA/USP have on the influence of this degree on their social responsibilities and progress. The findings substantiate the expectations, explanations and predictions of the theory. According to graduates of this program, the 19 factors that might possibly have been altered and were presented to them, were substantially influenced by the degree. The results show that this PhD in Accounting Sciences has found its place mainly among married men who perform in the market. On average, they finished their degree around the age of 42 and intended to follow or enhance research skills and achievement of a higher income level when they first started. On this last point, they were completely successful. The effects of the degree on income are outstanding.

  13. Triads of capital

    DEFF Research Database (Denmark)

    Svendsen, Gunnar Lind Haase

    of capital means a coherent stock of capital, including social, cultural and physical capital, which belongs to a local community. The case of civic organization in rural Denmark 1800-1900 shows how the three capitals successively acted as driving forces: physical capital about year 1800, social capital...... about year 1880, and cultural capital about year 1900. In each case, one form of capital changed the two others in a chain reaction process, which ultimately led to a major reorganization of the triads of capital in the local rural communities....

  14. Habitação de baixa renda como produto do capital : o programa de arrendamento residencial (PAR) em Presidente Prudente-SP

    OpenAIRE

    Sibila Corral de Arêa Leão Honda

    2011-01-01

    Esta pesquisa busca contribuir para uma análise crítica sobre a produção da habitação de baixa renda em cidades médias, no período entre 1999 e 2008. A pesquisa aborda a política habitacional no Brasil pós-Constituição Federal de 1988, com ênfase no papel dos municípios e nos novos programas de financiamento que possibilitam a articulação com a iniciativa privada para a produção de habitações de baixa renda, particularmente as que utilizam recursos do Programa de Arrendamento ...

  15. Padroes alimentares de criancas menores de cinco anos de idade residentes na capital e em municipios da Bahia, Brasil, 1996 e 1999/2000

    Directory of Open Access Journals (Sweden)

    Sheila Maria Alvim de Matos

    2014-01-01

    Full Text Available Estudo transversal com 3.817 pré-escolares, 1.770 residentes em Salvador, Bahia, Brasil, e 2.047 nas áreas urbana e rural de 10 municípios baianos. Utilizou-se recordatório de 24 horas (R24h e empregou-se análise fatorial por componentes principais com objetivo de identificar e comparar os principais padrões alimentares dessas crianças. Estratificou-se a amostra por idade e área. Antes dos seis meses de vida o leite materno compôs o 2o e 3o padrões com carga positiva para crianças dos dez municípios. Para menores de 17 meses, o padrão 1 foi caracterizado por leite de vaca, farinhas e açúcares. Em áreas urbanas, pão/biscoito, arroz, feijão e carne integraram o padrão 2 aos 6-17 meses. Aos 18-23 meses, o padrão 1 apresentou carga negativa para açúcares, leite de vaca e farinhas, exceto na área rural. Frutas não fizeram parte do padrão 1 no grupo de 24 meses e mais. Observou-se baixo consumo de leite materno e pouca variação de frutas e legumes a partir dos seis meses. Tal perfil de consumo alimentar indica a necessidade de intervenções cada vez mais precoces para promoção de hábitos alimentares saudáveis.

  16. EDUCAÇÃO PROFISSIONAL NA ORDEM DO CAPITAL EM PARNAÍBA/PI: APRENDENDO A SER TRABALHADOR NA SOCIEDADE DO (DES EMPREGO

    Directory of Open Access Journals (Sweden)

    Tânia Serra Azul Machado Bezerra

    2017-03-01

    Full Text Available Este estudo é resultado de pesquisa realizada no Grupo de Estudos Marxistas Piauiense, tem como lócus a formação da juventude direcionada à Educação Profissional e a relação desta última com a inserção no mercado de trabalho em Parnaíba-PI. Durante a investigação, propomos uma análise sobre a formação destinada aos jovens da classe trabalhadora e a sua inserção no mundo do trabalho. Nesta perspectiva, compreendemos a juventude enquanto segmento social e histórico ao tempo que indagamos sobre a influência social/econômica/política e ideológica das relações capitalistas na formação desta instância. Nossas reflexões nutriram-se de observações, entrevistas/questionários e leituras de fontes primárias coletadas no Centro de Educação Profissionalizante – CEEP, em Parnaíba/PI. Ressaltamos a importância do debate sobre as metamorfoses no mundo do trabalho contemporâneo e a problemática da empregabilidade para a compreensão da relação entre mercado de trabalho e educação no CEEP. Refletimos ainda sobre a dualidade existente entre ensino técnico e educação integral, como causa da divisão entre trabalho manual e trabalho intelectual.

  17. Habits, attitudes and beliefs of smokers in four Brazilian capitals Hábitos, atitudes e crenças de fumantes em quatro capitais brasileiras

    Directory of Open Access Journals (Sweden)

    Analice Gigliotti

    2005-03-01

    Full Text Available Tobacco consumption is a major cause of death and disease, and quitting smoking is the most important thing smokers can do to benefit their health. As of the last census, 32.5% of the Brazilian population smoked, but little is known about how many wish to quit and which factors can influence them to make such a decision. OBJECTIVE: To analyze the habits, attitudes and believes of smokers in four major Brazilian cities and compare the results with data from 17 European countries. METHODS: A total of 800 smokers were interviewed. The interviews were conducted in person and individually, using a semi-structured questionnaire. Smokers were defined as individuals who smoke at least one cigarette per week. They were recruited by intentional sampling (confronted on the street and invited to answer the questionnaire according to pre-established quotas based on social class, gender, occupation and age. Therefore, the number of interviews in a certain population stratum within the sample was determined according to the proportion of smokers generally represented by that stratum. RESULTS: The majority of smokers interviewed presented a low to moderate degree of dependence and wanted to stop smoking. The greater was the motivation to quit, the higher was the number of quitting attempts, as well as the probability of having received medical advice. Only 21% of the smokers had been advised to stop smoking by their doctors. The factor cited by smokers as the one that would most influence their future efforts to stop was "concern about exposing children, relatives and friends to tobacco smoke". The population of Brazil, in contrast to those of European countries, seems to have a high degree of consciousness regarding the fight against tobacco.A dependência de nicotina é a maior causa evitável de adoecimento e morte em nosso país, e deixar de fumar é a atitude mais importante que um fumante pode ter em favor de sua saúde. De acordo com dados do último

  18. Investment in capital markets

    OpenAIRE

    Ledenyov, Dimitri O.; Ledenyov, Viktor O.

    2017-01-01

    Investment in Capital Markets creates a strategic vision on the financial capital investment in the capital markets with the aim to get an increased return premium in the short and long time periods. The book is written with a main goal to explain the pros and cons of the financial capital investment in the capital markets, discussing the sophisticated investment concepts and techniques in the simple understandable readable general format language. We would like to highlight the three interes...

  19. FLUXOS DE CAPITAL NO BRASIL PÃS-PLANO REAL

    Directory of Open Access Journals (Sweden)

    Horst Dieter Möller

    2004-12-01

    Full Text Available O trabalho focaliza os fluxos de capital no Brasil pós-Plano Real sob os problemas da globalização financeira para mercados emergentes. A volatilidade dos fluxos de capital no Brasil sob crises cambiais e bancárias em mercados emergentes, começando com a crise mexicana em 1994/95, é analisada sob as perspectivas de ocorrências de reversões expressivas em tempos de crise e da influência das reversões sobre a eclosão das crises no Brasil. A análise econométrica mostra que a volatilidade dos fluxos de capital é diferente em seus segmentos, maior no segmento dos outros investimentos e nos investimentos em carteira do que nos investimentos diretos. Houve também reversões significativas em todos os segmentos em conseqüência das crises. Nesse sentido, os fluxos de capital trazem, em geral, benefícios para a economia nacional, mas podem também piorar expressivamente a situação econômica do país em tempos de crise.

  20. Arriboflavinose clínica em pré-escolares, filhos de migrantes em trânsito pela Central de Triagem e Encaminhamento, na capital do Estado de São Paulo, Brasil Clinical riboflavin deficiency in pre-school age children of migrants in transit through Central de Triagem e Encaminhamento in the Capital of the State of S. Paulo, Brazil

    Directory of Open Access Journals (Sweden)

    Donald Wilson

    1978-09-01

    Full Text Available Foi realizado um levantamento clínico entre 109 pré-escolares, filhos de migrantes em trânsito pela Central de Triagem e Encaminhamento (CETREN, tendo-se constatado altíssima prevalência de arriboflavinose. A única medida factível foi a administração de riboflavina a todas as crianças examinadas.A clinical study was carried out on 109 pre-school age children of migrants in transit through Central de Triagem e Encaminhamento (CETREN. A very high prevalence rate regarding arriboflavinosis was found. The only feasible measure was administration of riboflavin in capsules to all children examined.

  1. Hipovitaminose A em pré-escolares internados em uma instituição na capital do Estado de São Paulo, Brasil Vitamin A deficiency in institutionalized children in the capital of the State of S. Paulo, Brazil

    Directory of Open Access Journals (Sweden)

    Donald Wilson

    1981-08-01

    Full Text Available Estudou-se o estado nutricional, em relação à vitamina A, de crianças de 2 a 6 anos de idade, internadas em uma instituição para menores. Foram realizados exames clínicos e bioquímicos. Os exames clínicos revelaram alta prevalência de xerose cutânea (75,8% e prevalência moderada de hiperceratose folicular (18,3%. Exames oftalmológicos realizados sem o auxílio de corante vital revelaram uma prevalência de 20,7% de xerose conjuntival, enquanto que aqueles realizados com auxílio de colírio de Rosa Bengala a 1%, nas mesmas crianças, revelaram 31,7% de xerose conjuntival. Os exames bioquímicos mostraram que 39,4% dos examinados apresentaram níveis plasmáticos de vitamina A de 10mig/100ml ou menos, e 73,9% de 20mig/ 100ml ou menos.Children from 2 to 6 years of age from an agency for the welfare of minors were studied clinically and biochemically for vitamin A deficiency. Clinical examinations showed a very high prevalence of cutaneous xerosis (75.8% and not so high of follicular keratosis (18.3%. Unaided eye examinations showed a xerosis conjunctivae prevalence of 20.7% whereas with the aid of 1% Rose Bengal staining prevalence rose to 31.7%. Biochemical examinations showed that 39.4% of subjects presented vitamin A plasma levels of 10mug/100ml or less, and 73.9% 20mug/100ml or less.

  2. State Capitalism in Eurasia

    NARCIS (Netherlands)

    C. Spechler, Martin; Ahrens, Joachim; Hoen, Herman W.

    2017-01-01

    The book specifies the type of economic system that has arisen in Central Asian. It presents three types of state-capitalism established in the former Soviet Union states in Eurasia - crony, dual sector, and predatory capitalism.

  3. Capital Flight from Russia

    OpenAIRE

    Prakash Loungani; Paolo Mauro

    2000-01-01

    This paper documents the scale of capital flight from Russia, compares it with that observed in other countries, and reviews policy options. The evidence from other countries suggests that capital flight can be reversed once reforms take hold. The paper argues that capital flight from Russia can only be curbed through a medium-term reform strategy aimed at improving governance and macroeconomic performance, and strengthening the banking system. Capital controls result in costly distortions an...

  4. Capital Equipment Replacement Decisions

    OpenAIRE

    Batterham, Robert L.; Fraser, K.I.

    1995-01-01

    This paper reviews the literature on the optimal replacement of capital equipment, especially farm machinery. It also considers the influence of taxation and capital rationing on replacement decisions. It concludes that special taxation provisions such as accelerated depreciation and investment allowances are unlikely to greatly influence farmers' capital equipment replacement decisions in Australia.

  5. Identificando preferências e atributos relacionados à decisão de financiamento a partir das técnicas de conjoint e correspondência – uma aplicação em empresas de capital fechado localizadas na cidade de Juiz de Fora

    OpenAIRE

    Burkowski, Érika

    2008-01-01

    Esta dissertação pesquisou 99 empresas localizadas na cidade de Juiz de Fora (MG), buscando identificar um perfil de financiamento das mesmas. Utilizou-se a Análise Conjunta (Conjoint) para identificar as características mais desejadas de um instrumento de financiamento por essas empresas. Realizaram-se revisões bibliográficas acerca de temas como estrutura de capital, finanças comportamentais e trabalhos empíricos realizados em micro e pequenas empresas, além da Análise de Correspondência, p...

  6. Characteristics of violence against children in a Brazilian Capital Características de la violencia contra los niños en una capital brasileña Características da violência contra a criança em uma capital brasileira

    Directory of Open Access Journals (Sweden)

    Maíra Rosa Apostólico

    2012-04-01

    exploratório, descritivo, retrospectivo, de abordagem quantitativa, com o objetivo de caracterizar a violência contra a criança em Curitiba, PR, dar visibilidade ao problema e subsidiar novas políticas públicas e ações na Atenção Básica. Foram analisados relatórios de 2004 a 2008 das notificações obrigatórias dos casos de violência. Os resultados mostraram o aumento da violência, a violência doméstica como a mais frequente, a faixa de 5 a 9 anos de idade a mais atingida e a negligência e violência física as formas mais notificadas. Cerca de 81% da violência sexual é praticada contra meninas e o principal agressor é o pai, mostrando a desigualdade nas relações de gênero e geração. Ressalta-se a importância da notificação como instrumento de visibilidade. Outras medidas de enfrentamento são necessárias como a promoção de relações equitativas de gênero e geração e políticas transversais que incluam os setores sociais em uma práxis transformadora da realidade.

  7. O modelo de projeção de lucros de Hou, Dijk e Zhang (2012) e o custo de capital implícito: metodologia para aplicação em empresas brasileiras

    OpenAIRE

    Bruna Losada Pereira

    2016-01-01

    A teoria sobre o custo de capital das empresas estudada desde a década de 1950 trouxe amplas contribuições aos estudos de finanças corporativas, alocação de carteiras de investimento, fusões e aquisições, ciências contábeis, entre outras aplicações. Os modelos clássicos de custo de capital compreendem modelos como o CAPM (Capital Asset Pricing Model), de Sharpe, Lintner e Mossin; o APT (Arbitrage Pricing Theory), de Ross; o modelo de 3-fatores, de Fama e French, e de 4-fatores, de Carhart, en...

  8. Capital e interior: manifestações em prol da instrução pública em Ouro Preto e Uberabinha (MG nos anos iniciais da República Brasileira Capital and hinterland: manifestations in favor of the public education in Ouro Preto and Uberabinha (MG in the starting years of the Brazilian Republic

    Directory of Open Access Journals (Sweden)

    Wenceslau Gonçalves Neto

    2010-08-01

    Full Text Available Parte-se do princípio de que as cidades mineiras promoveram debates sobre a instrução popular, principalmente a partir de março de 1892, quando foram reabertas as Câmaras Municipais. As fontes utilizadas são Livros de Atas das Câmaras, livros de leis e documentação variada envolvendo os trabalhos dos vereadores. Em Uberabinha, onde havia carência gritante de escolas públicas, a edilidade assume essa preocupação como central, votando, ainda no ano de 1892, as leis de instrução pública, do regulamento escolar, das aulas noturnas e das circunscrições literárias, além de criar diversas escolas municipais. Em Ouro Preto, como a cidade era servida de escolas estaduais, as atenções da Câmara não se detêm firmemente na instrução elementar. Percebemos que a preocupação com a instrução pública estava difundida entre os municípios mineiros, embora não de forma homogênea.It is taken for granted that the towns of Minas Gerais carried out debates about popular education, mainly starting from March, 1892, when the town-halls were reopen. The sources used were the town council protocol books, law books and varied documents of the works of the representatives. In Uberabinha, wherein there was a clear lack of public schools, the council of representatives considered this function a major duty, whereupon laws of public education, school regulations, evening classes and literary circumscriptions were voted in 1892, while schools in the town were founded. In Ouro Preto, where there already were public schools, the attention of the town council was not on primary education. It must be observed that public education as a main concern did not present a homogeneous form in every town of Minas Gerais.

  9. THE EFFECT OF HUMAN CAPITAL ON SOCIAL CAPITAL AMONG ENTREPRENEURS

    OpenAIRE

    HANNES OTTÓSSON; KIM KLYVER

    2010-01-01

    Using data collected from 714 entrepreneurs in a random sample of 10,000 Danes, this study provides an investigation of the effect of human capital on social capital among entrepreneurs. Previous entrepreneurship research has extensively investigated the separated effect of human capital and social capital on different entrepreneurial outputs. The study takes a step back and investigates how these two capital concepts are related — specifically how human capital influences social capital. In ...

  10. Cultural Capital in Context:

    DEFF Research Database (Denmark)

    Andersen, Ida Gran; Jæger, Mads Meier

    This paper analyzes the extent to which the effect of cultural capital on academic achievement varies across high- and low-achieving schooling environments. We distinguish three competing theoretical models: Cultural reproduction (cultural capital yields higher returns in high-achieving schooling...... to be higher in low-achieving schooling environments than in high-achieving ones. These results support the cultural mobility explanation and are in line with previous research suggesting that children from low-SES families benefit more from cultural capital than children from high-SES families....... environments than in low-achieving ones), cultural mobility (cultural capital yields higher returns in low-achieving environments), and cultural resources (cultural capital yields the same returns in different environments). We analyze PISA data from six countries and find that returns to cultural capital tend...

  11. Handbook of Social Capital

    DEFF Research Database (Denmark)

    The Handbook of Social Capital balances the ‘troika' of sociology, political science and economics by offering important contributions to the study of bonding and bridging social capital networks. This inter-disciplinary Handbook intends to serve as a bridge for students and scholars within all...... the social sciences. The contributors explore the different scientific approaches that are all needed if international research is to embrace both the bright and the more shadowy aspects of social capital....

  12. Modern Human Capital Management

    OpenAIRE

    Feldberger, Madita

    2008-01-01

    Title: Modern Human Capital Management Seminar date: 30th of May 2008 Course: Master thesis in Business Administration, 15 ECTS Authors: Madita Feldberger Supervisor: Lars Svensson Keywords: Human capital, SWOT Analysis, Strategic Map, Balanced Scorecard Research Problem: Despite of the success of Human Capital Management (HCM) in research it did not arrive yet in the HR departments of many companies. Numerous firms even have problems to set their strategic goals with focus on HR. The HR Bala...

  13. ACCOUNT INSTRUMENT CAPITAL BORROWED

    Directory of Open Access Journals (Sweden)

    Holt Gheorghe

    2012-03-01

    Full Text Available Setting up business capital is made from different sources and their use coordinates its policy aims, issues that affect the overall efficiency and thus differentiate companies with the same profile of activity and a similar level of capital advanced in the economic cycle. Thus financial structure, the average cost of capital used in the mechanism how the financial management of the company, of particular importance for this.

  14. Electronic Capitalization Asset Form -

    Data.gov (United States)

    Department of Transportation — National Automated Capitalization Authorization Form used by ATO Engineering Services, Logistics, Accounting for the purpose of identifying and capturing FAA project...

  15. Piketty’s Capital

    DEFF Research Database (Denmark)

    Larsen, Øjvind

    2016-01-01

    Piketty’s Capital in Twenty-First Century has posed a totally new platform for the discussion of the economy and capitalism. Piketty has reinvented the classical political economy founded by Adam Smith in his 1776 Wealth of Nations. Piketty has shown via massive historical research how growth...... and inequality have developed since 1793. Piketty’s conclusion is that the French Revolution did not change the existing inequality either in the medium or in the long term. Piketty’s prediction is that a new form of global capitalism will arise, patrimonial capitalism, in which inequality will develop further...

  16. Social Capital Database

    DEFF Research Database (Denmark)

    Paldam, Martin; Svendsen, Gert Tinggaard

    2005-01-01

      This report has two purposes: The first purpose is to present our 4-page question­naire, which measures social capital. It is close to the main definitions of social capital and contains the most successful measures from the literature. Also it is easy to apply as discussed. The second purpose...... is to present the social capital database we have collected for 21 countries using the question­naire. We do this by comparing the level of social capital in the countries covered. That is, the report compares the marginals from the 21 surveys....

  17. Human Capital Overview

    National Research Council Canada - National Science Library

    McCarthy, Ellen E

    2007-01-01

    ...: To provide an agile, adaptive, integrated, and innovative defense intelligence workforce through a deliberate process identifying, implementing, and directing human capital organizational, doctrinal...

  18. O programa Minha Casa Minha Vida: a mercadoria habitação a serviço da reprodução do capital em contexto de crise

    OpenAIRE

    Bruno Xavier Martins

    2016-01-01

    Esta pesquisa trata das determinações críticas da atual relação entre a política habitacional brasileira, as incorporadoras nacionais de capital aberto e a reprodução do capital financeiro ligado ao setor imobiliário, com uma pesquisa focada na análise do Programa Minha Casa Minha Vida I e II (PMCMV) na metrópole de São Paulo. A história da política habitacional no Brasil, porém, mais claramente no BNH, evidencia que a confluência entre Estado, empresas privadas do setor imobiliário e capital...

  19. Determinants of capital structure and financial crisis impact: evidence

    OpenAIRE

    Proença, Pedro Miguel Correia

    2012-01-01

    Mestrado em contabilidade The objectives of this empirical work are to investigate the determinants of Portuguese SMEs capital structure, evaluate whether and how the impacts of those determinants affect the debt ratios and examine the effects of financial crisis and industry on Portuguese SMEs capital structure. The sample used considers the period 2007-2010, resulting in 12.857 Portugues e SMEs per year observations. R...

  20. Capital intelectual: verdades e mitos

    Directory of Open Access Journals (Sweden)

    Maria Thereza Pompa Antunes

    2002-08-01

    Full Text Available Muito se tem comentado que os relatórios fornecidos pela Contabilidade Financeira não retratam certas realidades das empresas atualmente, tendo em vista o fato de o valor contábil das ações estar muitas vezes abaixo do seu valor de mercado. Esse contraste entre os dois valores vem sendo identificado como Capital Intelectual e apresentado como um novo conceito de administração de empresas que conduz à necessidade de aplicação de novas estratégias, de nova filosofia de gestão e novas formas de avaliação do valor da empresa. Este trabalho evidencia a verdadeira relação existente entre a Contabilidade e o Capital Intelectual. Desmistifica-se a novidade do conceito, pois comprova-se que o capital Intelectual é parte integrante do Goodwill, conceito secularmente conhecido e estudado pela Contabilidade. Os elementos intangíveis sempre foram abordados pela Contabilidade e, da mesma forma, como nunca se desprezou a sua importância, nunca se subestimou a sua complexidade. Portanto, a Contabilidade não é falha na divulgação das informações por ela registradas. Deve-se entender a finalidade de cada uma das Demonstrações Contábeis, bem como os Princípios subjacentes a elas. A falta de conhecimento, por vezes, conduz a conclusões precipitadas e errôneas. Por outro lado, qualquer que seja o rótulo atribuído aos elementos intangíveis, que sempre fizeram parte das organizações, entende-se e aceita-se que hoje, cada vez mais, o conhecimento e o gerenciamento desses elementos são relevantes para a gestão das empresas, pois o momento atual é caracterizado pela ampla aplicação do recurso do conhecimento pelo homem, que se materializa em novas tecnologias, sistemas e serviços (entendidos como ativos intangíveis que agregam valor às organizações.It has been said many times that the statements provided by Financial Accounting do not give a picture of certain realities of companies nowadays, considering the fact that, often

  1. Implementing a Capital Plan.

    Science.gov (United States)

    Daigneau, William A.

    2003-01-01

    Addresses four questions regarding implementation of a long-term capital plan to manage a college's facilities portfolio: When should the projects be implemented? How should the capital improvements be implemented? What will it actually cost in terms of project costs as well as operating costs? Who will implement the plan? (EV)

  2. World wide spatial capital.

    Science.gov (United States)

    Sen, Rijurekha; Quercia, Daniele

    2018-01-01

    In its most basic form, the spatial capital of a neighborhood entails that most aspects of daily life are located close at hand. Urban planning researchers have widely recognized its importance, not least because it can be transformed in other forms of capital such as economical capital (e.g., house prices, retail sales) and social capital (e.g., neighborhood cohesion). Researchers have already studied spatial capital from official city data. Their work led to important planning decisions, yet it also relied on data that is costly to create and update, and produced metrics that are difficult to compare across cities. By contrast, we propose to measure spatial capital in cheap and standardized ways around the world. Hence the name of our project "World Wide Spatial Capital". Our measures are cheap as they rely on the most basic information about a city that is currently available on the Web (i.e., which amenities are available and where). They are also standardized because they can be applied in any city in the five continents (as opposed to previous metrics that were mainly applied in USA and UK). We show that, upon these metrics, one could produce insights at the core of the urban planning discipline: which areas would benefit the most from urban interventions; how to inform planning depending on whether a city's activity is mono- or poly-centric; how different cities fare against each other; and how spatial capital correlates with other urban characteristics such as mobility patterns and road network structure.

  3. Venture capital and internationalization

    NARCIS (Netherlands)

    Schertler, A.G.; Tykvova, T.

    Cross-border investments represent a substantial share of venture capital activities. We use a comprehensive dataset on investments worldwide to analyze the internationalization of venture capital financing. We postulate that cross-border activity is shaped by macroeconomic factors in the venture

  4. La escritura capital cursiva

    OpenAIRE

    Carbonell Boria, María José

    1989-01-01

    Estado de la cuestión de los trabajos sobre la Capital Cursiva. Análisis de la misma y muestras de su existencia y uso en la cultura occidental, incluida España. The matter of the study of Italic Capital letters. Its analysis, samples, and use in Western cultur, including Spain.

  5. Cultural Capital Today

    DEFF Research Database (Denmark)

    Prieur, Annick; Skjøtt-Larsen, Jakob; Rosenlund, Lennart

    2008-01-01

    Based on Danish survey data subjected to correspondence analysis, this article aims at carrying out a critical assessment of Pierre Bourdieu's theory of social differentiation in advanced societies as a multi-dimensional phenomenon. As his theory goes, capital volume (economic + cultural capital......) and capital composition (the relative weight of the two) are the main dimensions of social differentiation, which structure the space of social positions as well as the space of lifestyles. The central discussion of the article concerns the character of cultural capital, and the role it plays in the formation......, as those adhering to the preferences that are most typical for the cultural elite tend to simultaneously avoid or mark distance to popular expressions of taste. Fourth, are there traces of new forms of cultural capital? The study uncovers a cleavage between a global orientation or a form of cosmopolitanism...

  6. Measuring Social Capital

    DEFF Research Database (Denmark)

    Svendsen, Gert Tinggaard; Bjørnskov, Christian

    2007-01-01

    How to construct a robust measure of social capital? This paper contains two contributions. The first is an attempt to establish a broad social capital measure based on four indicators, the Freedom House Index, an index of perceived corruption from Transparency International, and scores on civic...... participation and generalized trust. This measure is then applied by comparing the level of social capital in 25 countries from Western and Eastern Europe. Our nine cluster analysis shows that Switzerland has the highest score, followed by the Netherlands and Scandinavia. At the other end of the continuum we...... find post-communist countries and Southern Italy. The findings for this specific sample suggest that institutions matter for social capital and the relationship between decentralization and social capital emerges as a promising line of inquiry. Thus, the highest scoring countries in the sample may...

  7. Social Capital in Asia

    DEFF Research Database (Denmark)

    Li, Peter Ping; Redding, Gordon

    2014-01-01

    This article provides an overview of social capital in Asia. Social capital is trust and appears in two main forms: relational, based on societal norms, and systemic, based on societal institutions. The relational encourages personalistic transactions; and systemic trust, supports more formal......, and usually larger, transactions backed by law. For economic development, the systemic form becomes crucial but needs to be compatible with relational norms. The dimensions of social capital are often dual in nature. This article employs a theory that accepts this and analyses the phenomena as yin......–yang balancing, seeing trust as a culturally determined enabler of social cooperation. The evolutions of trustworthiness in Japan, China, and the Philippines are analysed. This article contributes to the literature on varieties of capitalism and business systems as well as that on social capital. It raises...

  8. Influência regional no consumo precoce de alimentos diferentes do leite materno em menores de seis meses residentes nas capitais brasileiras e Distrito Federal Regional influence on early consumption of foods other than breast milk in infants less than 6 months of age in Brazilian State capitals and the Federal District

    Directory of Open Access Journals (Sweden)

    Silvia Regina Dias Medici Saldiva

    2011-11-01

    Full Text Available Objetivou-se avaliar a influência regional no consumo precoce de alimentos diferentes do leite materno em menores de seis meses residentes nas capitais brasileiras. Analisaram-se dados de 18.929 crianças da II Pesquisa de Prevalência de Aleitamento Materno nas Capitais Brasileiras - 2008. As frequências do consumo de chá, sucos, leite artificial e mingau/papa foram calculadas para as capitais das cinco regiões brasileiras. Curvas do consumo foram obtidas pela análise de logitos e estimativas das razões de prevalência (RP por modelos de Poisson. O consumo de leite artificial foi maior quando comparado aos demais alimentos em todas as capitais. As capitais do Sul apresentaram a maior razão de prevalência para o consumo de chá (RP = 2,37 e as do Nordeste e Sudeste, para o consumo de outros tipos de leite (RP = 1,50 e 1,47 e de suco (RP = 1,57 e 1,55. Nas capitais do Nordeste, o consumo precoce de mingau/papa foi maior (RP = 3,0. A região tem influência no consumo precoce de alimentos, o que deve ser levado em consideração na elaboração de políticas públicas.The aim was to assess regional influences on food consumption in infants less than six months of age. A cross-sectional study was conducted in a sample of 18,929 infants participating in the Second Survey on Breastfeeding Prevalence in Brazilian State Capitals and the Federal District in 2008. Consumption rates for tea, fruit juices, formula milk, and porridge were calculated for the State capitals from the five geographic regions of the country. Food consumption was estimated by logit analyses and Poisson models. Differences in food consumption profile were observed between the different regions: tea was more common in State capitals in the South (RP = 2.37, while non-maternal milk (RP = 1.50 and 1.47 and juices (RP = 1.57 and 1.55 were more frequent in the Northeast and Southeast, respectively. Porridge was more common in the Northeast (RP = 3.0. Brazil's geographic regions

  9. Recent estimates of capital flight

    OpenAIRE

    Claessens, Stijn; Naude, David

    1993-01-01

    Researchers and policymakers have in recent years paid considerable attention to the phenomenon of capital flight. Researchers have focused on four questions: What concept should be used to measure capital flight? What figure for capital flight will emerge, using this measure? Can the occurrence and magnitude of capital flight be explained by certain (economic) variables? What policy changes can be useful to reverse capital flight? The authors focus strictly on presenting estimates of capital...

  10. Análise da relação entre gerenciamento de resultados e custo de capital em empresas brasileiras listadas na BM&FBOVESPA = Analysis of the Relationship Between Results-Based Management and Cost of Equity in Brazilian Companies Listed in BM&FBOVESPA

    Directory of Open Access Journals (Sweden)

    Geovanne Dias de Moura

    2016-04-01

    Full Text Available O estudo objetivou analisar a relação entre o gerenciamento de resultados contábeis e o custo de capital próprio e de terceiros em empresas brasileiras listadas na BM&FBovespa. Para tal, realizou-se pesquisa descritiva, conduzida por meio de análise documental e abordagem quantitativa dos dados referentes ao período de 2010 a 2013 de uma amostra composta de 217 empresas. Os resultados evidenciaram que houve elevação do custo de capital próprio. No que tange ao custo de capital de terceiros, quando analisado por meio da variável Kd, constatou-se que ocorreu uma pequena redução de 31,81% para 28,37%. Ao analisar o custo de capital de terceiros, por meio da variável Ki, constatou-se que houve aumento de 23,94% para 30,13%. Os resultados evidenciaram destaque para os gerenciamentos de baixas proporções, principalmente a partir do ano de 2011. Também entre as empresas analisadas aquelas com menor gerenciamento de resultados não apresentavam menor custo de capital próprio e de terceiros. The study aimed at analyzing the relationship between results-based management and the company's cost of equity and its third party in Brazilian companies listed in BM&FBovespa. To this end, a descriptive research was conducted through documentary analysis and quantitative analysis of the data from 2010 to 2013 from a sample of 217 companies. The results revealed that the cost of equity rose in the period of 2010 to 2013. With respect to the cost of third party, when analyzed by Kd variable, it was found out a slight decrease from 31,81% to 28,37%. When analyzing the cost of third party by Ki variable, it was noticed an increase from 23,94% to 30,13% between 2010 and 2013. As for management, the results showed significance for the low proportion managements, especially since 2011. The results also showed that, among the analyzed companies, those with lower results-based management did not have lower cost of equity and third party.

  11. The Genesis of Capitalism

    DEFF Research Database (Denmark)

    Li, Xing

    2004-01-01

     This paper aims to offer a framework of interpreting the “evolution” of capitalism that is reaching every corner of the world and has achieved greater legitimacy than at any time in human history. It covers an interdisciplinary discussion on the development of market capitalism that has been...... characterized by a dual process: unanticipated origin (cultural and historical) and anticipated progress (political economy). The point of departure of this paper is that although the advancement of market capitalism is a process of societal development involving historical, cultural and religious causes...... (historical, divine, spiritual, miraculous), the establishment of capitalism is less the result of a force for cultural and economic dynamism than the realization of a political project. In other words, from being an enterprise within defined geographical boundaries to becoming a global project is first...

  12. Unsustainable growth, unsustainable capitalism

    DEFF Research Database (Denmark)

    Næss, Petter

    2006-01-01

    problems, but serve to further highlight the difficulties of changing capitalism towards sustainability. In a profit-oriented economy, capital accumulation is a prime driving force, and non-growth for the economy at large tends to result in serious economic and social crises. On the other hand, a de...... according to which the powers and mechanisms of the natural world are considered totally controllable by humans as if they were mere epiphenomena of the human world. On the other hand, the assumptions of certain ecological economists about the possibility of steady-state capitalism disregard the relation...... between capital and surplus value, which constitutes a strong mechanism driving the capitalist economy toward limitless growth....

  13. Prioritization of Capital Projects

    National Research Council Canada - National Science Library

    LaVielle, Michael

    2002-01-01

    Public works capital projects in the U,S, naval forces are not prioritized and funded in a way that best uses limited operations resources and maintenance dollars, This thesis develops a linear model...

  14. capital. A discussion paper

    Directory of Open Access Journals (Sweden)

    Ewa Chojnacka

    2015-04-01

    Full Text Available The purpose of this study is to confront certain propositions presented in Lesław Niemczyk’s publication Rachunkowość finansowa aktywów kompetencyjnych i kapitału intelektualnego. Nowy dział rachunkowości(Accounting for Competence Assets and Intellectual Capital. A New Area in Accounting with ideas published in other studies. The authors discuss issues concerning firm value, selected definitions of intellectual capital, as well as certain methods of intellectual capital measurement and valuation. Other problems analysed include accounting for and reporting of intellectual capital and similarities and differences between the way those issues are presented in Polish and in international studies as well as in existing legal regulations and standards.

  15. Capital Projects Application (CPA)

    Data.gov (United States)

    General Services Administration — Capital Projects application (CPA) provides users with the ability to maintain project related financial data for Budget Activity (BA) 51, 55, 64, 01, 02, 03, 04....

  16. Do fordismo à produção flexível: a produção do espaço em um contexto de mudança das estratégias de acumulação de capital

    Directory of Open Access Journals (Sweden)

    Adriano Botelho

    2001-06-01

    Full Text Available O presente trabalho tem como tema a intricada rede de relações entre o espaço da indústria e as estratégias de produção e reprodução do capital, em um contexto de transformação dessas estratégias, privilegiando o estudo da indústria automobilística instalada no Brasil. Essa transformação das estratégias de acumulação do capital foi aqui analisada como sendo a passagem do chamado fordismo para a produção flexível. Buscou-se, então, detectar quais são as principais mudanças (políticas, sociais, econômicas e espaciais que ocorrem nessa passagem, e como ela altera os fatores de localização industrial no território

  17. Capital Improvements Business Line

    Science.gov (United States)

    2012-08-08

    NAVFAC Southwest Dan Waid Program & Business Mgmt NAVFAC SW Capital Improvements Business Line NAVFAC SW 8 August 2012 1 Report...REPORT TYPE 3. DATES COVERED 00-00-2012 to 00-00-2012 4. TITLE AND SUBTITLE Capital Improvements Business Line 5a. CONTRACT NUMBER 5b. GRANT...AVAILABILITY STATEMENT Approved for public release; distribution unlimited 13. SUPPLEMENTARY NOTES Presented at the 2012 Navy Gold Coast Small Business

  18. World wide spatial capital.

    Directory of Open Access Journals (Sweden)

    Rijurekha Sen

    Full Text Available In its most basic form, the spatial capital of a neighborhood entails that most aspects of daily life are located close at hand. Urban planning researchers have widely recognized its importance, not least because it can be transformed in other forms of capital such as economical capital (e.g., house prices, retail sales and social capital (e.g., neighborhood cohesion. Researchers have already studied spatial capital from official city data. Their work led to important planning decisions, yet it also relied on data that is costly to create and update, and produced metrics that are difficult to compare across cities. By contrast, we propose to measure spatial capital in cheap and standardized ways around the world. Hence the name of our project "World Wide Spatial Capital". Our measures are cheap as they rely on the most basic information about a city that is currently available on the Web (i.e., which amenities are available and where. They are also standardized because they can be applied in any city in the five continents (as opposed to previous metrics that were mainly applied in USA and UK. We show that, upon these metrics, one could produce insights at the core of the urban planning discipline: which areas would benefit the most from urban interventions; how to inform planning depending on whether a city's activity is mono- or poly-centric; how different cities fare against each other; and how spatial capital correlates with other urban characteristics such as mobility patterns and road network structure.

  19. Capital mobility, tax competition, and lobbying for redistributive capital taxation

    OpenAIRE

    Lorz, Jens Oliver

    1996-01-01

    This paper analyzes the impact of international capital mobility on redistributive capital taxation and on lobbying activities by interest groups. It employs a model where different capital endowments lead to a conflict between households concerning their most preferred capital tax rate. Three main results are derived: First, redistributive source based capital taxes or subsidies decline as international tax competition intensifies. Second, lobbying activities of certain interest groups may e...

  20. Análise de Desempenho das Ações das Empresas do Setor da Construção Civil na Bovespa em Relação à Rentabilidade, Estrutura de Capital e Conjuntura Setorial = Performance Analysis of the Shares of Companies in the Sector of Real Estate in Bovespa in Relation to Profitability, Capital Structure and Environment Sector

    Directory of Open Access Journals (Sweden)

    Roberto Carlos Evencio Oliveira da Silva

    2015-04-01

    Full Text Available O estudo da relação entre as informações contábeis e o mercado de ações tem se tornado relevante na avaliação de risco e retorno das empresas de capital aberto. Nesse sentido, o presente artigo tem como objetivo verificar se a rentabilidade e a estrutura de capital influenciam no preço das ações das construtoras listadas na Bolsa de Valores de São Paulo (BOVESPA. Além disso, foi verificada a influência dos principais indicadores econômicos do setor no preço das ações. A pesquisa tem caráter descritivo. Foi utilizada a análise multivariada de dados quantitativos com o emprego da técnica de regressão linear múltipla. O período analisado se estende do primeiro trimestre de 2008 ao primeiro trimestre de 2013. Os resultados demonstram que os preços das ações das empresas são influenciados pelas variáveis selecionadas, considerando que para algumas empresas as variáveis conjunturais têm maior peso do que as variáveis de rentabilidade e estrutura de capital. The study of the relationship between accounting information and the stock market has become relevant in the assessment of risk and return of publicly traded companies. In this sense, this article aims at verifying whether the profitability and the capital structure influence the share price of construction listed on the São Paulo Stock Exchange (BOVESPA. Furthermore, it was investigated the influence of the main economic indicators of the sector in the stock price. The research is descriptive, multivariate quantitative analysis with the use of the technique of multiple linear regression data being used. The sample period extends from the first quarter 2008 to first quarter 2013. The results show that stock prices of some companies are influenced by selected variables, considering that for some companies, cyclical variables have greater weight the the variables of profitability and capital structure.

  1. Private Equity and Regulatory Capital

    NARCIS (Netherlands)

    Bongaerts, D.; Charlier, E.

    2008-01-01

    Regulatory Capital requirements for European banks have been put forward in the Basel II Capital Framework and subsequently in the Capital Requirements Directive (CRD) of the EU. We provide a detailed discussion of the capital requirements for private equity investments under the simple risk weight

  2. 75 FR 6151 - Minimum Capital

    Science.gov (United States)

    2010-02-08

    ... capital and reserve requirements to be issued by order or regulation with respect to a product or activity... minimum capital requirements. Section 1362(a) establishes a minimum capital level for the Enterprises... entities required under this section.\\6\\ \\3\\ The Bank Act's current minimum capital requirements apply to...

  3. Entrepreneurs’ human and social capital

    DEFF Research Database (Denmark)

    Shayegheh Ashourizadeh, Shayegheh; Rezaei, Shahamak; Schøtt, Thomas

    2014-01-01

    Abstract: It is widely acknowledged that entrepreneurs’ human capital in form of education and social capital in form of networking are mutually beneficial and also that both human and social capital benefit their performance. Here, the hypothesis is that human and social capital, in combination......, provide added value and jointly add a further boost to performance, specifically if the form of exporting. Global Entrepreneurship Monitor provides data on 52,946 entrepreneurs, who reported on exporting and networking for advice. Hierarchical linear modelling shows that human capital promotes social...... capital, that human capital and social capital (specifically networking in the international environment, work-place, professions and market, but not in the private sphere) both benefit export directly and that human capital amplifies the benefit of social capital, especially through international...

  4. The Performance of Intellectual Capital

    DEFF Research Database (Denmark)

    Murthy, Vijaya; Mouritsen, Jan

    2011-01-01

    Purpose – This paper aims to analyse the relationship between intellectual capital and financial capital using a case study. This makes it possible to discuss how intellectual capital is related to value creation with a degree of nuance that is absent from most statistical studies of relationships...... between human, organisational, relational and financial capital. Design/methodology/approach – The paper uses a case study of a firm that invests in intellectual capital in order to develop financial capital. It traces the relationship between intellectual capital elements and financial capital via...... interviews. This allows the development of a nuanced account of the performance of intellectual capital. This account questions the universality of the linear model typically found in statistical studies. The model makes it possible to show how items of intellectual capital not only interact but also compete...

  5. Capital Flight and Economic Performance

    OpenAIRE

    Beja, Edsel Jr.

    2007-01-01

    Capital flight aggravates resource constraints and contributes to undermine long-term economic growth. Counterfactual calculations on the Philippines suggest that capital flight contributed to lower the quality of long-term economic growth. Sustained capital flight over three decades means that capital flight had a role for the Philippines to lose the opportunities to achieve economic takeoff. Unless decisive policy actions are taken up to address enduring capital flight and manage the macroe...

  6. 78 FR 76973 - Regulatory Capital Rules: Regulatory Capital, Implementation of Basel III, Capital Adequacy...

    Science.gov (United States)

    2013-12-20

    ... Discipline and Disclosure Requirements, Advanced Approaches Risk-Based Capital Rule, and Market Risk Capital..., 2013, a document adopting a final rule that revises its risk-based and leverage capital requirements... risk-based and leverage capital requirements for banking organizations. An allowance for additional...

  7. Capital effectiveness in a capital intensive project

    Energy Technology Data Exchange (ETDEWEB)

    Yarossi, M.E. (IPA Institute, The Hague (Netherlands))

    2009-07-01

    The technical difficulty of incorporating new technology in capital intensive projects has been underestimated. Bio-refineries projects are no exemption. These projects in many occasions have assigned inadequate project resources, such as lean project teams and overly optimistic contingencies. Furthermore, project developers have set unrealistic expectations; for example: aggressive schedule duration, low cost targets and optimistic operability targets. These project drivers set before project's authorization compromise the project's outcome. In many cases, this translates into lower return on investment, higher costs, and lower operability. In order to counteract these outcomes, it is critical for capital intensive projects, like bio-refineries, to have a well define project which will enable to increase its chance of success. IPA's research has shown that bio-refineries projects have poor project performance due to poor project practices, lack of owner project controls and inadequate change management. An adequate risk analysis during definition is a critical component of a project's success, especially when there is new technology, like biomass conversion. It is of outmost importance to asses this technology and set realistic expectations. parallel to this, there is a need to have a well established execution strategy, which should be maintained throughout the execution of the project. In conclusion, IPA's research has indicated that bio-refineries, as any other capital intensive project, need to assign adequate resources at an early state of project development, by making sure there is and adequate team in place, reasonable schedule, technical difficulties evaluation, and keeping control during execution. Although these elements might be seen as common practices that should be taken into account when developing a project, many projects being their execution without having a proper foundation, and thus affecting the project

  8. European Capitals of Culture and the limits of the urban effects in Luxembourg and Sibiu 2007 Capitais europeias da cultura e os limites dos efeitos urbanos em Luxemburgo e Sibiu 2007

    Directory of Open Access Journals (Sweden)

    Emilia Palonen

    2011-12-01

    Full Text Available A mega-event is a replicant: local copy of a global model. The European Capitals of Culture (ECC is an annual mega-event, currently usually held in two European cities. This paper argues it has three particular dimensions, recognisable from the European Union’s policy. First designed to articulate a European identity, it has been a mover for local urban transformation and city-branding, and later participation. The policy projects Europe as “family of cultures”, which suggests attention for a particular ECC year, when the old Saxon fortress town of Luxembourg hosted the title together with the former Saxon fortress town Sibiu of Romania, which joined the European Union only the same year: 2007. The article asks, what are the limits of the urban effects of the three dimensions of the European Capitals of Culture, using as a method urban art interventions for investigating the limits and potential spatial effects of the ECCs and the extent of the diffusion of institutional elements.

  9. Vantagens Proporcionadas às Pequenas e Médias Empresas por meio da União em Redes de Cooperação no Contexto do Venture Capital

    Directory of Open Access Journals (Sweden)

    Cláudio Gustavo Daudt

    2009-10-01

    Full Text Available The association of companies in cooperation networks arises as an alternative strategy to cope with the increase of competition brought by globalization. Several authors (Casarotto & Pires, 1999; Fayard, 2000; Jarillo, 1988; Marcon & Moinet, 2001 point out the advantages Small and Medium-sized Enterprises [SME] obtain from networking. The venture capital investment model [VC] appears as a networking alternative. In Brazil, VC began in the 80’s. Therefore, this article aims to identify the motivations and advantages that SMEs obtain when they join a network. In this context, networking would be aiming at attaining strategic advantages. Structured interviews with VC and appointed companies’ managers were conducted. The results have shown that companies’ acceptance of this type of networking usually takes place due to capital costs. Later, the advantages are recognized, such as the exchange of information, improved processes, expertise in obtaining financing and the governance process. We conclude that literature on networking advantages applies to VC, although there are only a few studies in Brazil concerning this relationship. Thus, we propose the development of a better understanding of the concepts and advantages of this kind of networking so that this theme can be further studied academically.

  10. “Prefiro ficar em casa”: a reprodução do capital e o atendimento escolar de populações rurais a partir de Sinop-MT

    OpenAIRE

    Silva, Ivone Cella da

    2014-01-01

    Esta tese inscreve-se na Linha de Pesquisa “Educação, Trabalho e Movimentos Sociais”, do Programa de Pós-Graduação em Educação da Universidade Federal de Goiás. O objetivo do estudo foi analisar as condições do atendimento escolar para as crianças do meio rural, a partir do município de Sinop-MT, situado na Amazônia Legal Matogrossense, região de fronteira agrícola. A pesquisa empírica foi realizada no ano de 2012 e teve como estratégias metodológicas a observação em três escolas municipais q...

  11. Percepción de los profesionales de enfermería y las gestantes sobre la asesoría en virus de inmunodeficiencia humana en una empresa social del Estado de primer nivel en Bogotá, Distrito Capital Percepção dos profissionais de enfermagem y as gestantes sobre a assessoria em HIV em uma ESE de Primeiro Nível em Bogotá, Distrito Capital Perception of Nursing Professionals and Pregnant Women about Counseling on HIV in a First Level ESE in Bogota, Capital District

    Directory of Open Access Journals (Sweden)

    Martha Patricia Bejarano Beltran

    2012-07-01

    para al contención de la epidemia en este grupo poblacional.Objetivo: descrever a percepção que os profissionais de enfermagem e as gestantes têm em relação com a assessoria na detecção de vírus de imunodeficiência humana (HIV, com base nas diretrizes descritas no Guia Técnico do projeto INTEGRA: Modelo de Gestão Integral de Serviços de Saúde Sexual e Reprodutiva e Prevenção da Infeção por HIV para nortear ações que possibilitem o fortalecimento desta atividade em uma empresa social do Estado (ESE de Bogotá. Metodologia: desenho qualitativo, descritivo, com abordagem hermenêutica; a análise dos dados se fez mediante a técnica de análise de conteúdo (autor de dezasseis entrevistas semiestruturadas, realizadas durante quatro meses. Participaram oito profissionais de enfermagem que fazem assessoria em HIV e oito gestantes que recebem assessoria sobre HIV. Resultados: a questão central que surgiu da análise das entrevistas foi "os paradoxos da assessoria em HIV/Aids", sendo que a partir dos testimoniais dos participantes encontrouse uma série de ambivalências a respeito das opiniões, experiências, crenças e sentimentos. A questão se evidenciou nas seguintes categorias, retomadas do discurso das pessoas entrevistadas: os sentimentos, entre a ansiedade e a tranquilidade. As categorias emergentes do discurso dos profissionais de enfermagem se focou em: entre a frustração e a tranquilidade. Conclusões: para as gestantes e os profissionais da enfermagem, a assessoria em HIV/Aids foi percebida como um paradoxo, com sentimentos ambivalentes entre a alegria e a tristeza, o temor e a ansiedade, a frustração e a tranquilidade, o que deve ser feito e a realidade encontrada. Estas são percepções que irão permitir um melhor trabalho na prevenção da infeção do HIV por parte dos profissionais a fim de conseguir mudanças de comportamento saudáveis nas gestantes e aprimorar a assessoria como estratégia útil para a contenção da epidemia

  12. Capitation, contracts, and control

    International Nuclear Information System (INIS)

    McIsaac, L.H.

    1987-01-01

    The radiology business manager in today's environment must become proficient in contract evaluations and negotiations. Health care is focusing on preventive medicine. Third-party payers are offering plans and programs to provide ''well-patient'' care. For prepaid (HMO-IPA-PTO) plans to succeed, demands for reduced fees and other entrepreneurial contractual arrangements are developed. This presentation will focus on specific items contained in most contracts. The issues of withhold, billing procedures, prompt-payment rewards, medical liability, capitation determinations, and modified capitation plans will be discussed. It is the intent of this presentation to share with the audience methods of evaluating contracts, the importance of negotiating specific terms, and an approach to determination of capitation amounts

  13. Thinking strategically about capitation.

    Science.gov (United States)

    Boland, P

    1997-05-01

    All managed care stakeholders--health plan members, employers, providers, community organizations, and government entitites--share a common interest in reducing healthcare costs while improving the quality of care health plan members receive. Although capitation is a usually thought of primarily as a payment mechanism, it can be a powerful tool providers and health plans can use to accomplish these strategic objectives and others, such as restoring and maintaining the health of plan members or improving a community's health status. For capitation to work effectively as a strategic tool, its use must be tied to a corporate agenda of partnering with stakeholders to achieve broader strategic goals. Health plans and providers must develop a partnership strategy in which each stakeholder has well-defined roles and responsibilities. The capitation structure must reinforce interdependence, shift focus from meeting organizational needs to meeting customer needs, and develop risk-driven care strategies.

  14. Risk capital allocation

    DEFF Research Database (Denmark)

    Hougaard, Jens Leth; Smilgins, Aleksandrs

    Risk capital allocation problems have been widely discussed in the academic literature. We consider a company with multiple subunits having individual portfolios. Hence, when portfolios of subunits are merged, a diversification benefit arises: the risk of the company as a whole is smaller than...... the sum of the risks of the individual sub-units. The question is how to allocate the risk capital of the company among the subunits in a fair way. In this paper we propose to use the Lorenz set as an allocation method. We show that the Lorenz set is operational and coherent. Moreover, we propose a set...... of new axioms related directly to the problem of risk capital allocation and show that the Lorenz set satisfies these new axioms in contrast to other well-known coherent methods. Finally, we discuss how to deal with non-uniqueness of the Lorenz set....

  15. Superando a pobreza: o papel do capital social na região metropolitana de Belo Horizonte

    OpenAIRE

    Helal,Diogo Henrique; Neves,Jorge Alexandre Barbosa

    2007-01-01

    Este artigo aborda o papel do capital social na superação da pobreza em áreas urbanas. Diferente de outros estudos que adotam uma perspectiva macro para capital social, este o analisa como algo inerente à esfera das interações entre indivíduos, sendo capaz também de trazer retornos individuais. Capital social é mensurado com base na associação dos indivíduos em diversos tipos de organizações sociais. A hipótese, de que, mesmo controlando-se por variáveis de capital humano e origem socioeconôm...

  16. Prevalência de hipertensão arterial em Adventistas do Sétimo Dia da capital e do interior paulista Prevalence of arterial hypertension among Seventh-Day Adventists of the São Paulo state capital and inner area

    Directory of Open Access Journals (Sweden)

    Leilane Bagno Eleutério da Silva

    2012-04-01

    Full Text Available FUNDAMENTO: Sabe-se que hábitos de vida inadequados favorecem a hipertensão, e os adventistas preconizam hábitos saudáveis. OBJETIVO: Avaliar a prevalência da hipertensão nos adventistas do sétimo dia na capital e no interior paulistas. MÉTODOS: Foram estudados 264 adventistas (41,17 ± 15,27 anos, 59,8% mulheres, com alto nível de religiosidade avaliada pela escala Duke-DUREL. A medida da pressão arterial foi realizada com aparelho automático validado. Nível de significância adotado foi p BACKGROUND: Inadequate life habits are known to favor hypertension, and Adventists recommend healthy life habits. OBJECTIVE: To assess the prevalence of hypertension among Seventh-Day Adventists from the inner São Paulo state and São Paulo state capital. METHODS: This study assessed 264 Adventists (mean age, 41.17 ± 15.27 years; women, 59.8% with a high religiosity level assessed by use of the Duke University Religion Index. Blood pressure was measured with a validated automatic device. The significance level adopted was p < 0.05. RESULTS: The total prevalence of hypertension was 22.7% (27.4% in the inner state and 15% in the capital. The Adventists from the capital differed from those of inner state as follows (p < 0.05, respectively: higher education (62% vs 36.6%; employed by a third party (44% vs self-employed (40.9%; family income (8.39 ± 6.20 vs 4.59 ± 4.75 minimum wages; individual income (4.54 ± 5.34 vs 6.35 ± 48; couple responsible for family income (35% vs 39.6%; vegetarianism (11% vs 3%; blood pressure (115.38 ± 16.52/68.74 ± 8.94 vs 123.66 ± 19.62/74.88 ± 11.85 mmHg; white ethnicity (65% vs 81.1%; married (53% vs 68.9%; lower tangible support in the social aspect (15.7 ± 5.41 vs 16.9 ± 4.32; and recalling the last time one's blood pressure was measured (65% vs 48.8%. On multivariate analysis, hypertension associated with the following: 1 vegetarianism (OR 0.051; 95% CI: 0.004-0.681; 2 educational level (OR 5.317; 95% CI: 1

  17. Updating cultural capital theory

    DEFF Research Database (Denmark)

    Prieur, Annick; Savage, Mike

    2011-01-01

    This paper considers how the analysis of cultural engagement can be elaborated through a reworking of the concept of cultural capital, as originally derived from Bourdieu’s (1984) Distinction. Drawing on detailed studies of the UK and Aalborg, Denmark, we show that despite the weakening of ‘‘high......This paper considers how the analysis of cultural engagement can be elaborated through a reworking of the concept of cultural capital, as originally derived from Bourdieu’s (1984) Distinction. Drawing on detailed studies of the UK and Aalborg, Denmark, we show that despite the weakening...

  18. Five models of capitalism

    Directory of Open Access Journals (Sweden)

    Luiz Carlos Bresser-Pereira

    2012-03-01

    Full Text Available Besides analyzing capitalist societies historically and thinking of them in terms of phases or stages, we may compare different models or varieties of capitalism. In this paper I survey the literature on this subject, and distinguish the classification that has a production or business approach from those that use a mainly political criterion. I identify five forms of capitalism: among the rich countries, the liberal democratic or Anglo-Saxon model, the social or European model, and the endogenous social integration or Japanese model; among developing countries, I distinguish the Asian developmental model from the liberal-dependent model that characterizes most other developing countries, including Brazil.

  19. Capital Requirements and Banks' Leniency

    DEFF Research Database (Denmark)

    Dietrich, J. Kimball; Wihlborg, Clas

    2003-01-01

    We investigate the effect of changes in capital regulation on the strictness(leniency) of loan terms using a simple model of bank capital requirements andasset quality examinations. Banks offer different levels of `leniency' in the senseof willingness to offer automatic extensions of loans...... rates. As capital requirements increase thedifference between initial capital levels and between interest rates of strict andlenient banks decrease. Thus, higher capital requirements in recessions tend toreduce the interest rate premium paid for leniency. If a recession is interpreted asan increase...... in the required return, the interest rate premium paid for leniency isincreased in recession at a given level of required capital....

  20. From political capitalism to clientelist capitalism? The case of Croatia

    OpenAIRE

    Vladimir Cvijanovic; Denis Redzepagic

    2011-01-01

    The paper analyses the typology of capitalism in Croatia. The Croatian form of capitalism is specific, in form and origin, with links between the pre-independence and post-independence periods, implying that capitalism has gradually evolved – from the political during the eighties towards current clientelistic capitalism. The manufacturing focus aims to facilitate the analysis of institutional, political and economic changes over the past forty years, emphasising the implications of instituti...

  1. Green Capital: Student Capital student-led evaluation

    OpenAIRE

    Runkle, Q.; Haines, T.; Piper, K.; Leach, S.

    2016-01-01

    To assess and evaluate the impact of the Green Capital: Student Capital project, the partnership (the University of the West of England, the University of Bristol, the Students’ Union at UWE, and Bristol Students’ Union) worked with NUS to train a team of students from both universities to lead an evaluation process. There were two key aims for the evaluation: \\ud \\ud • To verify the quantitative outputs of the Green Capital: Student Capital project; \\ud • And to make a qualitative assessment...

  2. Cooperative social capital

    Directory of Open Access Journals (Sweden)

    Oscar Acera Manero

    2005-12-01

    Full Text Available Social capital consists of the contributions of members and associates, both mandatory and voluntary. From an accounting point of view, it is a liability figure that expresses the value of a portion of the equity of the cooperative. Its inclusion in the liability is not the fact that it is a debt but by its nature unenforceable.

  3. Towards Transnational Academic Capitalism

    Science.gov (United States)

    Kauppinen, Ilkka

    2012-01-01

    This paper contributes to current debates on the relationship between globalisation and higher education. The main argument of the paper is that we are currently witnessing transnationalisation of academic capitalism. This argument is illustrated by examining the collaboration between transnational corporations and research universities, and how…

  4. Microfoundations of Social Capital

    DEFF Research Database (Denmark)

    Thöni, Christian; Tyran, Jean-Robert; Wengström, Erik Roland

    We show that the standard trust question routinely used in social capital research is importantly related to cooperation behavior and we provide a microfoundation for this relation. We run a large-scale public goods experiment over the internet in Denmark and find that the trust question is a proxy...

  5. Microfoundations of Social Capital

    DEFF Research Database (Denmark)

    Thöni, Christian; Tyran, Jean-Robert Karl; Wengström, Erik Roland

    2012-01-01

    Research on social capital routinely relies on survey measures of trust which can be collected in large and heterogeneous samples at low cost. We validate such survey measures in an incentivized public good experiment and show that they are importantly related to cooperation behavior in a large...

  6. Governing Global Capital

    DEFF Research Database (Denmark)

    Harrington, Brooke

    in helping elites avoid taxes and other forms of regulation. The study documents how the means through which they achieve this objective - shifting billions in private capital wealth between Asia, Africa, India and Europe - and how this affects the balance of regional economic power. Drawing from...

  7. Reporting on intellectual capital

    NARCIS (Netherlands)

    Meer-Kooistra, Jeltje van der; Zijlstra, Siebren M.

    2001-01-01

    In today’s knowledge-based economy intellectual capital (IC) is becoming a major part of companies’ value. Being able to manage and control IC requires that companies can identify, measure and report internally on IC. As financial accounting rules ban full disclosure of IC in the annual report the

  8. Capital projects coordination

    Directory of Open Access Journals (Sweden)

    Zubović Jovan

    2004-01-01

    Full Text Available This paper looks at the difficulties of managing modem capital projects and endeavors to reduce the complexities to simpler and more understandable terms. It examines the project environment, defines project management and discusses points of difference from traditional management. In the second part of the paper are presented fundamentals for project success for different types of projects.

  9. Reggio Social Capital

    Science.gov (United States)

    Stejzygier, Aneta

    2009-01-01

    The paper presents the social capital as the essential element of success of the Reggio Emilia preschools known for their unique approach to the early childhood education. The collaborative effort is introduced through examples of the currently ongoing "Reggio Narrates" project of Reggio preschools, the "Dialogue with the…

  10. Reproduction and Fixed Capital

    NARCIS (Netherlands)

    van Schaik, A.B.T.M.

    2014-01-01

    In the 'sixties, the reproduction model was often the subject of analysis and discussion in economic literat­ ure. Discussion was by criticism of the neo-classical concept of capital as well as by a renewed interest in the labour theory of value. Criticism of the use of a homogeneous concept of

  11. Manage "Human Capital" Strategically

    Science.gov (United States)

    Odden, Allan

    2011-01-01

    To strategically manage human capital in education means restructuring the entire human resource system so that schools not only recruit and retain smart and capable individuals, but also manage them in ways that support the strategic directions of the organization. These management practices must be aligned with a district's education improvement…

  12. Is capitalism possible?

    NARCIS (Netherlands)

    Gaay Fortman, B. de

    1998-01-01

    In the two ages of its existence capitalism has given proof of its reformability. It was, however, anti-capitalist blueprints and ideas that constituted a continuous spiritual driving force towards reform. Today, after the collapse of real existing socialism there is an urgent need for new

  13. Social Capital in Organizations.

    NARCIS (Netherlands)

    M. Oteman

    2008-01-01

    In my belief the effectiveness of organizations has more to do with managing people in a more ethical, sustainable and effective way than what is common these days. For example employees values like trust, respect and commitment are rarely considered as values that can contribute to social capital

  14. Understanding your capital options.

    Science.gov (United States)

    Payne, Christopher T

    2012-05-01

    When planning capital expenditures, hospitals and health systems should understand the following financing considerations: Traditional fixed-rate tax-exempt bonds; Variable-rate financing alternatives; Basel III Accord requirements; Direct tax-exempt bank loans; Total return swaps Taxable financings; Interest-rate swaps and collateral requirements

  15. Capital Structure and Assets

    DEFF Research Database (Denmark)

    Flor, Christian Riis

    2008-01-01

    This paper analyzes a firm's capital structure choice when assets have outside value. Valuable assets implicitly provide a collateral and increase tax shield exploitation. The key feature in this paper is asset value uncertainty, implying that it is unknown ex ante whether the equity holders ex p...

  16. Antecedents of Relational Capital

    DEFF Research Database (Denmark)

    Nowinska, Agnieszka

    This paper merges economic geography and relational capital perspective in order to analyze the proximity-based antecedents of relational assets in brokerage. It investigates empirically the role and interplay of geographical and cognitive proximity between a broker and her buyers in a quantitative...... for buyers characteristics. Lastly, I make use the under-researched empirical field of brokers....

  17. On the capitalization and cultivation of social capital

    DEFF Research Database (Denmark)

    Waldstrøm, Christian; Svendsen, Gunnar Lind Haase

    2008-01-01

    a dual focus on social capital as both immediately and potentially productive resources, i.e. assets that can be immediately capitalized by individuals as well as ‘cultivated' for future use. We argue that to further operationalize this concept we must distinguish between actual/potential social capital...

  18. Thin Capitalization Rules and Multinational Firm Capital Structure

    NARCIS (Netherlands)

    Blouin, J.; Huizinga, H.P.; Laeven, L.; Nicodeme, G.

    2014-01-01

    Abstract: This paper examines the impact of thin capitalization rules that limit the tax deductibility of interest on the capital structure of the foreign affiliates of US multinationals. We construct a new data set on thin capitalization rules in 54 countries for the period 1982-2004. Using

  19. Human Capital and Optimal Positive Taxation of Capital Income

    NARCIS (Netherlands)

    B. Jacobs (Bas); A.L. Bovenberg (Lans)

    2005-01-01

    textabstractThis paper analyzes optimal linear taxes on capital and labor incomes in a life-cycle model of human capital investment, financial savings, and labor supply with heteroge- nous individuals. A dual income tax with a positive marginal tax rate on not only labor income but also capital

  20. How venture capital works.

    Science.gov (United States)

    Zider, B

    1998-01-01

    The popular mythology surrounding the U.S. venture-capital industry derives from a previous era. Venture capitalists who nurtured the computer industry in its infancy were legendary both for their risk taking and for their hands-on operating experience. But today things are different, and separating the myths from the realities is crucial to understanding this important piece of the U.S. economy. Today's venture capitalists are more like conservative bankers than the risk takers of days past. They have carved out a specialized niche in the capital markets, filling a void that other institutions cannot serve. They are the linch-pins in an efficient system for meeting the needs of institutional investors looking for high returns, of entrepreneurs seeking funding, and of investment bankers looking for companies to sell. Venture capitalists must earn a consistently superior return on investments in inherently risky businesses. The myth is that they do so by investing in good ideas and good plans. In reality, they invest in good industries--that is, industries that are more competitively forgiving than the market as a whole. And they structure their deals in a way that minimizes their risk and maximizes their returns. Although many entrepreneurs expect venture capitalists to provide them with sage guidance as well as capital, that expectation is unrealistic. Given a typical portfolio of ten companies and a 2,000-hour work year, a venture capital partner spends on average less than two hours per week on any given company. In addition to analyzing the current venture-capital system, the author offers practical advice to entrepreneurs thinking about venture funding.

  1. Capitalism: A System of Conspiracy

    OpenAIRE

    Das, Subhendu

    2010-01-01

    There are some myths about American capitalism. Some of them are (1) Capitalism made America the richest nation, (2) Capitalism is based on self interest, and (3) America has democracy. We show that the survival of capitalism is based on several powerful conspiracy theories. We briefly describe these conspiracies. Our analysis is based on the following principles: (a) Laws of conservation, (b) System theoretic concepts, and (c) The global space time (GST) environment. Using these princip...

  2. Macroeconomic Conditions and Capital Raising

    OpenAIRE

    Isil Erel; Brandon Julio; Woojin Kim; Michael S. Weisbach

    2011-01-01

    Do macroeconomic conditions affect firms' abilities to raise capital? If so, how do they affect the manner in which the capital is raised? We address these questions using a large sample of publicly-traded debt issues, seasoned equity offers, bank loans and private placements of equity and debt. Our results suggest that a borrower's credit quality significantly affects its ability to raise capital during macroeconomic downturns. For noninvestment-grade borrowers, capital raising tends to be p...

  3. Capital Requirements and Credit Rationing

    OpenAIRE

    Itai Agur

    2010-01-01

    This paper analyzes the trade-off between financial stability and credit rationing that arises when increasing capital requirements. It extends the Stiglitz-Weiss model of credit rationing to allow for bank default. Bank capital structure then matters for lending incentives. With default and rationing endogenous, optimal capital requirements can be analyzed. Introducing bank financiers, the paper also shows that uninsured funding raises the sensitivity of rationing to capital requirements. In...

  4. Does Venture Capital Spur Innovation?

    OpenAIRE

    Samuel Kortum; Josh Lerner

    1998-01-01

    While policymakers often assume venture capital has a profound impact on innovation, that premise has not been evaluated systematically. We address this omission by examining the influence of venture capital on patented inventions in the United States across twenty industries over three decades. We address concerns about causality in several ways, including exploiting a 1979 policy shift that spurred venture capital fundraising. We find that the amount of venture capital activity in an indust...

  5. Intellectual Capital: Comparison and Contrast.

    Science.gov (United States)

    Madsen, Susan R.

    2001-01-01

    Suggests that one of the most important keys for improving individual and organizational performance is in developing and strengthening intellectual capital (IC) and explores the similarities and differences between the concepts of intellectual capital, human capital, and knowledge management. Presents four IC characteristics and addresses the…

  6. Bank capital management : International evidence

    NARCIS (Netherlands)

    De Jonghe, O.G.; Öztekin, Ö.

    We examine the dynamic behavior of bank capital using a global sample of 64 countries during the 1994-2010 period. Banks achieve deleveraging through active capital management (equity growth) rather than asset liquidation. In contrast, they achieve leveraging through passive capital management

  7. Working Paper on Social capital

    DEFF Research Database (Denmark)

    Lassen Hanan, Anne

    This paper outlines the major schools within social capital theory. Contemporary authors such as Coleman, Putnam and Bourdieu are elaborated on. The paper also presents a non-exhaustive review on studies of social capital. Furthermore, a criticial discussion on social capital is reviewed, before...

  8. Social Capital and Online Games

    OpenAIRE

    Safferling, Christoph

    2011-01-01

    We use data from an online game economy and econometric matching methods to test whether social capital of players has an impact on game success. Membership in a 'clan', a voluntary organization of players, positively impacts game success. Hence, social capital has a positive effect on outcomes. Yet, top performers do not gain from access to this social capital.

  9. Cultural Capital: A Concept Analysis.

    Science.gov (United States)

    Ohashi, Yuki; Taguchi, Atsuko; Omori, Junko; Ozaki, Akiko

    2017-07-01

    Harnessing community assets may help public health nurses address health inequalities. Cultural factor is one such asset, which is assumed to be capital in a community. Cultural capital is a key concept for understanding the causes of public health issues. This paper provided an in-depth analysis of "cultural capital" as a concept. Rodgers' evolutionary methodology was used for concept analysis. Forty-two studies published in English between 1998 and 2015 were retrieved from MEDLINE by searching for "cultural capital" in the title field. Antecedents of cultural capital included "educational environment," "belongingness in one's social group," "existing health/social inequalities," and "daily behavior." Cultural capital's identified attributes were "social cultivation," "reproductive rubric," "practical knowledge," and "autogenic ability." Cultural capital's consequences were "improving productivity," "reducing health/social inequality," and "enhancing well-being." Cultural capital is defined as capital characterized by cultivation, rubric, knowledge, and ability. These aspects of cultural capital are typically autogenic, and accumulate and reproduce through lifelong community membership. Cultural capital reduces inequality and ultimately enhances the well-being of individuals and the community through bonding, bridging, and linking economic and social capital. © 2017 Wiley Periodicals, Inc.

  10. Venture Capital and Innovation Strategies

    NARCIS (Netherlands)

    Da Rin, Marco; Penas, Maria

    2015-01-01

    Venture capital investors are specialized financial intermediaries that provides funding for technological innovation with the goal of realizing a capital gain within a few years. We are the first to examine the association of venture capital funding with a company’s choice of innovation strategies.

  11. Venture capital and innovation strategies

    NARCIS (Netherlands)

    Da Rin, Marco; Penas, Fabiana

    2017-01-01

    Venture capital investors are specialized financial intermediaries that provide funding for technological innovation with the goal of realizing a capital gain within a few years. We are the first to examine the association of venture capital funding with a company's choice of innovation strategies.

  12. Capital regulation and tail risk

    NARCIS (Netherlands)

    Perotti, E.; Ratnovski, L.; Vlahu, R.

    2011-01-01

    The paper studies risk mitigation associated with capital regulation, in a context when banks may choose tail risk assets. We show that this undermines the traditional result that higher capital reduces excess risk-taking driven by limited liability. When capital raising is costly, poorly

  13. Capital regulation and tail risk

    NARCIS (Netherlands)

    Perotti, E.; Ratnovski, L.; Vlahu, R.

    2011-01-01

    The paper studies risk mitigation associated with capital regulation, in a context where banks may choose tail risk assets. We show that this undermines the traditional result that higher capital reduces excess risk taking driven by limited liability. Moreover, higher capital may have an unintended

  14. 78 FR 55339 - Regulatory Capital Rules: Regulatory Capital, Implementation of Basel III, Capital Adequacy...

    Science.gov (United States)

    2013-09-10

    ... countercyclical capital buffer was designed to take into account the macro-financial environment in which large... ability to raise capital to meet the increased minimum requirements in the current environment and upon...

  15. Sobre o conceito de "capital humano" On the concept of "human capital"

    Directory of Open Access Journals (Sweden)

    Vanilda Paiva

    2001-07-01

    Full Text Available O artigo aborda a retomada do conceito de capital humano nas últimas décadas no contexto da hegemonia de organismos multilaterais mais diretamente vinculados ao pensamento e aos interesses norte-americanos na área educacional, e de demandas que resultam da reestruturação produtiva e sociocultural na Nova Era Capitalista. Ressalta a amplitude das noções metafóricas dele derivadas (Bourdieu e outros e indica o trecho dos Grundrisse em que Marx refere-se ao homem como sendo o próprio capital fixo criado pelo desenvolvimento de suas capacidades no tempo livre.The article treats the retaking of the concept of human capital in recent decades in the context of the hegemony of the multilateral organizations more directly linked to the North American thinking and interests in the educational area and the demands which have resulted from the productive, social and cultural restructuring of the New Age of Capitalism. It highlights the breadth of the metaphorical notions derived from it (Bourdieu and others and cites the excerpt from the Grundrisse in which Marx refers to humans as fixed assets created by the development of their abilities in their free time.

  16. Estrutura de capital, dividendos e juros sobre o capital próprio: testes no Brasil Capital structure, dividends and interests on equity: tests in Brazil

    Directory of Open Access Journals (Sweden)

    Mariano Seikitsi Futema

    2009-04-01

    Full Text Available A estrutura de capital e os dividendos são dois dos temas mais estudados em finanças corporativas. Em 2002, Fama e French estudaram esses dois temas simultaneamente dentro do contexto das teorias de tradeoff estática e pecking order. A análise conjunta significa reconhecer que o dividendo afeta a estrutura de capital e vice-versa, o que gera um problema de endogeneidade. Estendendo o estudo de Fama e French e adaptando a análise para a realidade brasileira com a inclusão de mais uma variável dependente, os juros sobre o capital próprio, o objetivo deste artigo é analisar as relações conjuntas da estrutura de capital, dividendos e juros sobre o capital próprio das empresas brasileiras para o período de 1995 a 2004. Em linhas gerais, os resultados confirmam boa parte das previsões das teorias, embora a distribuição de lucros no Brasil ainda seja muito baixa, comparada com a americana. A lucratividade demonstrou ser a variável explicativa de maior peso e influência tanto para a distribuição de lucros como para a alavancagem.Capital structure and dividends have been frequently studied in corporate finance. In 2002, Fama and French simultaneously analyzed these two subjects in the context of tradeoff and pecking order theories. The simultaneous analysis means acknowledging that dividend influences capital structure and vice versa, leading to an endogeneity problem. Extending and adapting Fama and French's study to the Brazilian environment and including yet another dependent variable, i.e. interest on equity, this article aims to analyze the relationship among capital structure, dividends and interest on equity in the context of Brazilian companies. The analysis comprises the period from 1995 to 2004. Results corroborate many of the predictions of tradeoff and pecking order theories, despite the fact that dividend payout in Brazil is low when compared to the United States. Profitability was the most significant variable in

  17. Limitações ao Processo de Autofinanciamento do Capital de Giro em Cooperativas Agropecuárias Aplicações do Modelo Dinâmico de Análise Financeira

    Directory of Open Access Journals (Sweden)

    Régio Marcio Toesca Gimenes

    2009-10-01

    Full Text Available A evolução da economia mundial tem se caracterizado pela gradual abertura das economias nacionais ao comércio internacional. Esse processo, que hoje se denomina “globalização”, consiste na exposição crescente dos agentes econômicos domésticos à concorrência mundial. Este novo ambiente de negócios conduz os dirigentes cooperativistas a um momento de reflexão, se por um lado apresentam-se desafios e oportunidades, por outro, o estímulo à cultura da competição nas sociedades contemporâneas representa uma ameaça ao modelo atual de gestão cooperativista. Dentre as principais questões que estão sendo debatidas atualmente no movimento cooperativista, a mais importante, conflitiva e controvertida é a relativa ao financiamento das cooperativas agropecuárias. Diante desta contextualização, este artigo identifica como as cooperativas agropecuárias paranaenses financiam suas necessidades líquidas de capital de giro, utilizando-se os conceitos apresentados pelo modelo desenvolvido por Michel Fleuriet (1980.

  18. Performance systems and social capital

    DEFF Research Database (Denmark)

    Rasmussen, Grane Mikael Gregaard; Edwards, Kasper

    2014-01-01

    Performance systems and social capital are considered mutually exclusive. Contemporary studies show that social capital is essential in generating performance improvement. This raises an important question: “How do performance systems and social capital correspond?” This study draws on findings...... from a study on implementation of a performance system in Danish construction. The results show causalities between implementing the performance system and the emergence of social capital in construction projects. Results indicate that performance systems and social capital is not mutually exclusive...

  19. Leveraging organisational cultural capital

    Directory of Open Access Journals (Sweden)

    R Scheel

    2007-10-01

    Full Text Available Organisational culture discourse mandates a linear approach of diagnosis, measurement and gap analysis as standard practice in relation to most culture change initiatives. Therefore, a problem solving framework geared toward “fixing�? and/or realigning an organisation’s culture is usually prescribed. The traditional problem solving model seeks to identify gaps between current and desired organisational cultural states, inhibiting the discovery of an organisation’s unique values and strengths, namely its cultural capital. In pursuit of discovering and leveraging organisational cultural capital, a descriptive case study is used to show how an Appreciative Inquiry process can rejuvenate the spirit of an organisation as a system-wide inquiry mobilises a workforce toward a shared vision.

  20. Managing soil natural capital

    DEFF Research Database (Denmark)

    Cong, Ronggang; Termansen, Mette; Brady, Mark

    2017-01-01

    Farmers are exposed to substantial weather and market related risks. Rational farmers seek to avoid large losses. Future climate change and energy price fluctuations therefore make adaptating to increased risks particularly important for them. Managing soil natural capital—the capacity of the soil...... to generate ecosystem services of benefit to farmers—has been proven to generate the double dividend: increasing farm profit and reducing associated risk. In this paper we explore whether managing soil natural capital has a third dividend: reducing the downside risk (increasing the positive skewness of profit......). This we refer to as the prudence effect which can be viewed as an adaptation strategy for dealing with future uncertainties through more prudent management of soil natural capital. We do this by developing a dynamic stochastic portfolio model to optimize the stock of soil natural capital—as indicated...

  1. 78 FR 62417 - Regulatory Capital Rules: Regulatory Capital, Implementation of Basel III, Capital Adequacy...

    Science.gov (United States)

    2013-10-22

    ..., Standardized Approach for Risk-Weighted Assets, Market Discipline and Disclosure Requirements, Advanced Approaches Risk-Based Capital Rule, and Market Risk Capital Rule AGENCY: Federal Deposit Insurance... Assets, Market Discipline and Disclosure Requirements, Advanced Approaches Risk-Based Capital Rule, and...

  2. Outside Entrepreneurial Capital

    OpenAIRE

    Andy Cosh; Douglas Cumming; Alan Hughes

    2005-01-01

    This paper investigates the internal versus external financing decisions among 1900 early stage privately held UK firms in 1996-1997. We study the factors that affect rejection rates in applications for outside finance among the different types of investors, taking into account the non-randomness in a firm’s decision to seek outside finance. The data support the traditional pecking order theory; firms with greater capital expenditures / profits are more likely to seek finance and apply for mo...

  3. Selection of intellectual capital management strategies

    OpenAIRE

    Shcherbachenko Viktoriia Oleksiivna

    2016-01-01

    This article deals with the selection of intellectual capital management strategy. The attention is paid to the structure of intellectual capital, which consists of human capital, customer capital, process capital, intellectual property, intangible assets. The algorithm of selection of intellectual capital management strategy was created by author.

  4. Selection of intellectual capital management strategies

    Directory of Open Access Journals (Sweden)

    Shcherbachenko Viktoriia Oleksiivna

    2016-02-01

    Full Text Available This article deals with the selection of intellectual capital management strategy. The attention is paid to the structure of intellectual capital, which consists of human capital, customer capital, process capital, intellectual property, intangible assets. The algorithm of selection of intellectual capital management strategy was created by author.

  5. Sources of Regional Banks Capitalization

    Directory of Open Access Journals (Sweden)

    Olga Sergeevna Miroshnichenko

    2018-03-01

    Full Text Available Searching of sources to increase the capitalization of Russian banks is an important economic problem for both the national and regional economy. Moreover, a strong capital base allows to credit institutions to meet the demands of economic agents for banking service. The research focuses on the choice of sources of regulatory capital for the banks of Tyumen region in the context of changing supervisory requirements in the period of 2005–2016, in different phases of the business cycle. We apply econometric methods of statistical information using IBM SPSS Statistics software. We have calculated the individual correlations of regional banks’ capital with gross domestic product (GDP (excluding gross regional product (GRP and GRP (with the exception of the effect of GDP. These calculations have shown that the capital of regional banks is related only to GDP. The increase in the capital of regional banks is accompanied by a change in its structure: the share of authorized capital has halved, and the share of subordinated debt has grown. All sources of capital, other than the reserve fund, are related to GDP. Authorized capital is associated with the profit of profitable lending institutions; retained earnings in the capital of regional banks — with the aggregated amount of risks of the banking system of the Russian Federation. Subordinated debt, like capital as a whole, is negatively affected by the profitability of the banking sector. The change in the capital of regional banks is determined by the change in retained earnings, subordinated debt and reserve fund. Modelling of these relations has allowed to obtain a system of equations. This system synthesizes linear regression models of changing the capital of regional banks in the context of their sourcing. The results of this study are significant for theoretical justification and practical development of a balanced financial policy of regional banks. Our research will contribute to

  6. EARNINGS MANAGEMENT AND ECONOMIC CRISES IN THE BRAZILIAN CAPITAL MARKET

    Directory of Open Access Journals (Sweden)

    Aldy Fernandes da Silva

    2014-05-01

    Full Text Available The 2008 economic crisis challenged accounting, either demanding recognition and measurement criteria well adjusted to this scenario or even questioning its ability to inform appropriately entities’ financial situation before the crisis occurred. So, our purpose was to verify if during economic crises listed companies in the Brazilian capital market tended to adopt earnings management (EM practices. Our sample consisted in 3,772 firm-years observations, in 13 years – 1997 to 2009. We developed regression models considering discretionary accruals as EM proxy (dependent variable, crisis as a macroeconomic factor (dummy variable of interest, ROA, market-to-book, size, leverage, foreign direct investment (FDI and sector as control variables. Different for previous EM studies two approaches were used in data panel regression models and multiple crises were observed simultaneously. Statistics tests revealed a significant relation between economic crisis and EM practices concerning listed companies in Brazil in both approaches used.

  7. Seeding Social Capital? Urban Community Gardening and Social Capital

    DEFF Research Database (Denmark)

    Christensen, Søren

    2017-01-01

    There is a continuing debate regarding urban community gardening’s benefits to local communities, and a particularly interesting branch of this debate has focused on community gardens capacity to encourage and facilitate social interaction, which may generate social capital. Social capital...... is an increasingly important concept in international research and measures of social capital have been associated with various measures of health. In a meta-analysis of literature published between 2000 and 2016 regarding community gardens’ social advantages, through the lens of the concept of social capital......, it is demonstrated that several studies substantiate that urban community gardens create social capital, both bonding and bridging, and exhibit indications of linking. It is moreover identified how there is much to be learned from future research, illuminating how urban community gardens can foster social capital...

  8. Rethinking the economics of capital mobility and capital controls

    Directory of Open Access Journals (Sweden)

    Thomas I. Palley

    2009-09-01

    Full Text Available This paper reexamines the issue of international financial capital mobility, which is today's economic orthodoxy. Discussion is often framed in terms of the impossible trinity. That framing distorts discussion by representing capital mobility as having equal significance with sovereign monetary policy and control over exchange rates. It also distorts discussion by ignoring possibilities for coordinated monetary policy and exchange rates, and for managed capital flows. The case for capital mobility rests on neo-classical economic efficiency arguments and neo-liberal political arguments. The case against capital mobility is based on Keynesian macroeconomic inefficiency arguments, neo-Walrasian market failure arguments, and neo-Marxian arguments regarding distortion of the social structure of accumulation. Close examination shows the case for capital mobility to be extremely flimsy, pointing to the ideological dimension behind today's policy orthodoxy.

  9. Síndrome hipertensiva da gravidez e diabetes mellitus gestacional em uma maternidade pública de uma capital do Nordeste brasileiro, 2013: prevalência e fatores associados

    Directory of Open Access Journals (Sweden)

    Alane Cabral Menezes de Oliveira

    Full Text Available OBJETIVO: avaliar a prevalência e os fatores associados aos desfechos 'síndrome hipertensiva da gravidez (SHG' e 'diabetes mellitus gestacional (DMG' em uma maternidade pública de Maceió-AL, Brasil. MÉTODOS: estudo transversal, realizado no ano de 2013, no hospital universitário do município, mediante aplicação de formulário padronizado, avaliação antropométrica e consulta a pareceres médicos; foram calculadas razões de prevalência (RP brutas e ajustadas e intervalos de confiança de 95% (IC95%, por regressão de Poisson. RESULTADOS: as prevalências de SHG e DHG foram, respectivamente, de 18,4% e 6,5%; o ganho ponderal excessivo mostrou-se um fator independente associado à prevalência de SHG (RP 2,91; IC95% 1,58;5,35; idade ≥35 anos (RP 4,33; IC95% 1,61;11,69 e sobrepeso (RP 2,97; IC95% 1,05;8,37 associaram-se ao DMG. CONCLUSÃO: a assistência pré-natal deve se organizar para prevenir alguns desses fatores, visando à redução da ocorrência de SHG e DMG.

  10. Monitoramento da síndrome gripal em adultos nas capitais do Brasil e no Distrito Federal por meio de inquérito telefônico Influenza like illness monitoring in adults of the State Capitals and Federal District in Brazil by telephone survey

    Directory of Open Access Journals (Sweden)

    Priscilleyne Ouverney Reis

    2011-09-01

    Full Text Available OBJETIVOS: Com o objetivo de estimar a prevalência da síndrome gripal em adultos das capitais e regiões do Brasil, realizou-se monitoramento da ocorrência de sinais e sintomas compatíveis por inquérito telefônico (VIGITEL em 2010. MÉTODO: Estudo transversal que contou com 47.876 entrevistas nas capitais dos estados brasileiros e no Distrito Federal, com amostragem probabilística da população >18 anos, residente em domicílios com linha fixa de telefone. Foram analisadas as questões referentes à síndrome gripal e influenza pandêmica (H1N1 2009, no período de 10 de janeiro a 30 de novembro de 2010. Os percentuais foram calculados para as regiões do país e para o Brasil e ponderados segundo a distribuição sociodemográfica da PNAD 2008. RESULTADOS: A prevalência de indivíduos, com algum sinal ou sintoma de gripe nos 30 dias anteriores à entrevista, foi de 31,2% (IC95% 30,2-32,2%. O relato de síndrome gripal foi mais frequente entre as mulheres, adultos jovens (18 a 29 anos e aquelas pessoas com 9 a 11 anos de estudo. A maior prevalência de sinais ou sintomas gripais ocorreu na região Norte. Verificou-se tendência crescente com posterior decréscimo em todas as regiões, exceto na Nordeste. A procura pelo serviço de saúde foi relatada por 26,8% (IC95% 25,1-28,5 das pessoas que adoeceram. A suspeita médica de influenza pandêmica (H1N1 2009 ocorreu em 2,6% (IC95% 1,8-3,4 dos entrevistados que relataram ter procurado o serviço de saúde. CONCLUSÃO: Os resultados deste inquérito forneceram informações oportunas e úteis, as quais não foram captadas pelo sistema de vigilância tradicional, como a ocorrência de sinal ou sintoma gripal e a procura pelo serviço de saúde.OBJECTIVES: In order to estimate the prevalence of influenza like illness (ILI in adults from all state capitals and geographic regions in Brazil, a periodical monitoring of ILI cases by the national telephone survey (VIGITEL was carried out in 2010

  11. A Typology of Social Capital and Associated Network Measures

    OpenAIRE

    Jackson, Matthew O.

    2017-01-01

    I provide a typology of social capital, breaking it down into seven more fundamental forms of capital: information capital, brokerage capital, coordination and leadership capital, bridging capital, favor capital, reputation capital, and community capital. I discuss how most of these forms of social capital can be identified using different network-based measures.

  12. Knight Capital Americas LLC

    DEFF Research Database (Denmark)

    Austin, Robert D.; Meister, Darren

    2015-01-01

    It took 19 years to build Knight Capital Americas LLC into the largest market maker on the New York Stock Exchange, but on August 1, 2012, it took only 45 minutes for the firm to be wiped out by an information technology (IT) problem: a change in the company's software caused it to lose more than...... $450 million dollars in less than an hour. Although it was ultimately saved from bankruptcy when it was acquired two days later, the terms of acquisition were very unfavourable to the company's shareholders. How did this happen? Could it have been prevented? What should the staff, the chief executive...

  13. Corruption and Social Capital

    DEFF Research Database (Denmark)

    Bjørnskov, Christian

    2003-01-01

    I examine the causal relation between social capiatl and corruption. A simple model illustrates potential mechanisms and yields testable implications, which I estimate in a sample of European countries. The estimated effect of social capital on corruption is found to be robust to the inclusion...... of a number of other variables and supplementing the sample with slightly older data from non-European countries. The evidence of the reverse causal direction is weak. I suggest that it is possible to build social capiatl through investing in education, interest in society and some level of income...

  14. Contratos de capital humano

    OpenAIRE

    Oscar Alejandro Goyes Viteri

    2005-01-01

    Este documento busca dar a conocer el tema de la inversión en capital humano a través de la celebración de contratos atípicos y utilizando la fiducia mercantil y la titularización como vehículos financieros. Por medio de estos contratos un estudiante obtiene los recursos que requiere para financiar su educación superior, a cambio de entregar un porcentaje de sus ingresos después de su graduación a quien financió la operación.

  15. CAPITAL HUMANO: DOS ENFOQUES

    Directory of Open Access Journals (Sweden)

    María Isabel Pueyo Roy

    2005-01-01

    Full Text Available El artículo presenta un resumen de la teoría existente sobre capital humano, considerando dos proposiciones que se complementan: la Teoría Neoclásica -educación como formación laboral o señalización al mercado de trabajo- y la Teoría Institucional o de mercados internos de trabajo. Se presenta el desarrollo de ambas teorías, los problemas que presentan y la complementariedad entre las mismas.

  16. Determinants of capital structure.

    Science.gov (United States)

    McCue, M J; Ozcan, Y A

    1992-01-01

    This study analyzes the determinants of hospital capital structure in a new market setting that are created by the financial pressures of prospective payment and the intense price competition among hospitals. Using California data, the study found hospital system affiliation, bed size, growth rate in revenues, operating risk, and asset structure affected both short- and long-term debt borrowings. In addition, percentage of uncompensated care, profitability, and payer mix influenced short-term borrowings while market conditions and ownership affected long-term borrowings. Most significant of all is the finding that smaller hospitals tend to borrow more, possibly because they cannot generate funds internally.

  17. Social Capital in Rural Denmark

    DEFF Research Database (Denmark)

    Svendsen, G.L.; Svendsen, Gert Tinggaard

    1999-01-01

    What are the roots of social capital and how can it be measured and built? Social capital is considered as a new production factor which must be added to the conventional concepts of human and physical capital. Social capital is productive because it increases the level of trust in a society...... and allows more transactions to take place without third-party enforcement. Theory and lessons from empirical evidence lead to the general recommendation that any loss in social capital must be deducted from the economic gain following market forces. For example, the voluntary organization of small......-sized groups in the Danish Cooperative Dairy Movement was eliminated due to economies of scale. It may be so that an alternative way of production, taking social capital into account, could have increased economic growth further....

  18. Governo eletrônico e capital intelectual nas organizações públicas Electronic government and human capital in public organizations

    Directory of Open Access Journals (Sweden)

    Luiz Antonio Joia

    2009-12-01

    Full Text Available Este artigo mostra a variação de capital intelectual em organizações públicas envolvidas em empreendimentos government-to-government (G2G. Para tanto, um frame heurístico foi desenvolvido a fim de avaliar o impacto de projetos G2G nos componentes do capital intelectual de agências públicas, isto é, em seus capitais humano, organizacional, de relacionamento e de inovação. Aplicando-se esse frame heurístico a 30 empreendimentos G2G no Brasil, ligando o Banco Central com os tribunais de justiça, detectou-se um impacto positivo no capital intelectual das organizações envolvidas nesses empreendimentos. Além disso, verificou-se que tais empreendimentos G2G influenciaram os componentes do capital intelectual de forma homogênea. A partir daí, o frame foi validado por meio de uma elevada e positiva correlação entre a variação do capital intelectual nas organizações públicas e a percepção de valor dos funcionários envolvidos nesses mesmos empreendimentos. Finalmente, adicionalmente às limitações da pesquisa, algumas conclusões são apresentadas a gestores públicos, practitioners e acadêmicos, para que seja entendido o potencial de uso da teoria do capital intelectual para avaliação de iniciativas de governo eletrônicoThis article shows the intellectual capital variation in public organizations involved in government-to-government (G2G enterprises. A heuristic frame was developed to measure the impact of G2G projects on the intellectual capital components of public agencies, i.e., on their human, organizational, relational and innovative capitals. This heuristic frame was applied to 30 G2G enterprises in Brazil connecting the Central Bank to the courts of justice and revealed a positive impact on the intellectual capital of the organizations involved. Furthermore, these G2G enterprises influenced the intellectual capital components uniformly. Then the frame was validated by means of a high and positive correlation

  19. Banks’ Capital and Liquidity Creation

    OpenAIRE

    Horváth, Roman; Seidler, Jakub; Weill, Laurent

    2012-01-01

    This paper examines the relation between banks’ capital and liquidity creation. This issue is of interest to determine the potential impact of higher capital requirements for banks on their liquidity creation, which may have particular importance with new Basel III reform demanding from banks higher capital. We perform Granger-causality tests in a dynamic GMM panel estimator framework on an exhaustive dataset of Czech banks from 2000 to 2010.

  20. Legal capital: an outdated concept

    OpenAIRE

    John Armour

    2006-01-01

    This paper reviews the case for and against mandatory legal capital rules. It is argued that legal capital is no longer an appropriate means of safeguarding creditors' interests. This is most clearly the case as regards mandatory rules. Moreover, it is suggested that even an 'opt in' (or default) legal capital regime is unlikely to be a useful mechanism. However, the advent of regulatory arbitrage in European corporate law will provide a way of gathering information regarding investors' prefe...

  1. Corporate taxation and capital accumulation

    OpenAIRE

    Stephen Bond; Jing Xing

    2010-01-01

    We present new empirical evidence that aggregate capital accumulation is strongly influenced by the user cost of capital and, in particular, by corporate tax incentives summarised in the tax-adjusted user cost. We use sectoral panel data for the USA, Japan, Australia and ten EU countries over the period 1982-2007. Our panel combines data on capital stocks, value-added and relative prices from the EU KLEMS database with measures of effective corporate tax rates from the Oxford University Centr...

  2. Exploring the social capital grid

    DEFF Research Database (Denmark)

    Svendsen, Gunnar Lind Haase; Patulny, Roger

    2007-01-01

    The purpose of this paper is to show that numerous studies have advanced social capital research over the past decade. Most studies have accepted the theoretical distinction between bonding and bridging social capital networks. Many, however, tend to agglomerate empirical research under the one...... catch-all social capital concept, rather than classifying it according to the bonding/bridging distinction. Furthermore, most studies make little distinction on the basis of methodology, between qualitative and quantitative approaches to investigating social capital. These omissions need to be addressed....

  3. THE CAPITAL STRUCTURE OF VENTURE CAPITAL FIRMS IN INDONESIA

    Directory of Open Access Journals (Sweden)

    Andi Buchari

    2016-10-01

    Full Text Available Venture capital (VC is an important fund source for small and medium enterprises (SMEs and start up, particularly to deliver its main product of equity participation. Therefore, capital structure and factors that affect it are very crucial. This study aims to analyze the capital structure of VC firms in Indonesia using econometric model of panel data regression. This study utilizes secondary data of six years period (2009-2014 monthly financial statements of 27 samples out of 58 VC firms to form 1,944 observations. The study reveals that capital structure of VC firms in Indonesia is dominated by debt/loan rather than capital with DER on average is 136.95%. In addition, the research confirms that VC firms’ capital structure is affected simultaneously by financial aspects which are asset size, profitability, liquidity, asset/investment quality, and earning asset structure. The attentions to financial aspects that affect the VC firms’ capital structure as well as other initiatives related to capital increases are necessary so that the VC firms could carry out its role effectively.

  4. 47 CFR 65.304 - Capital structure.

    Science.gov (United States)

    2010-10-01

    ... 47 Telecommunication 3 2010-10-01 2010-10-01 false Capital structure. 65.304 Section 65.304... OF RETURN PRESCRIPTION PROCEDURES AND METHODOLOGIES Exchange Carriers § 65.304 Capital structure. The proportion of each cost of capital component in the capital structure is equal to: Proportion in the capital...

  5. Culture as Capital

    DEFF Research Database (Denmark)

    Kacunko, Slavko

    essays, Slavko Kacunko discusses the process art by crossing the disciplines of art history and comparative media-, visual- and -cultural studies. As a first approximation, several historiographical remarks on closed-circuit video installations underline their importance as a core category of process art......A collection of essays 2011-2014 By following, and reproducing, the cultural turn, the rhetoric of cultural mix and hybridism is disseminated today primarily in its crossing of trade barriers. Cultures reduced to their exchange value function as capital - an accumulative, speculative and....... In the second part, the problems of process art, seen as a threshold of art history, are further examined in another retroanalytical step, in which concepts and objects related to `mirror', `frame' and `immediacy' are analyzed as the triple delimitation of visual culture studies. In the third part, previously...

  6. A successful capital treadmill

    International Nuclear Information System (INIS)

    Bohun, D.A.

    1995-01-01

    A summary of the operating economics of the Winter Cummings Sand Pool, a horizontal well development project with a sustained rate of development, was presented. A total of 58 horizontal wells have been drilled over a time span of seven years. The production performance of the first pilot wells indicated that development of the pool by horizontal wells could be economically viable. Since its inception the Winter field development was considered to have become a capital treadmill with an incremental rate of return on the incremental investment of 240 percent (a 24 million dollar net operating cash flow for a 10 million dollar investment). Current development status and production forecasts were also discussed. 21 figs

  7. Culture as Capital

    DEFF Research Database (Denmark)

    Kacunko, Slavko

    A collection of essays 2011-2014 By following, and reproducing, the cultural turn, the rhetoric of cultural mix and hybridism is disseminated today primarily in its crossing of trade barriers. Cultures reduced to their exchange value function as capital - an accumulative, speculative and...... essays, Slavko Kacunko discusses the process art by crossing the disciplines of art history and comparative media-, visual- and -cultural studies. As a first approximation, several historiographical remarks on closed-circuit video installations underline their importance as a core category of process art....... In the second part, the problems of process art, seen as a threshold of art history, are further examined in another retroanalytical step, in which concepts and objects related to `mirror', `frame' and `immediacy' are analyzed as the triple delimitation of visual culture studies. In the third part, previously...

  8. International venture capital perspective

    International Nuclear Information System (INIS)

    Carter, D.

    2004-01-01

    'Full text:' The emerging fuel cell industry is characterized by global cooperation and partnerships in commercial, technical, and financial aspects. In this talk, we would like to provide observations about international venture capital focused on fuel cells globally. The talk will refer to experiences Conduit Ventures has had with its portfolio companies and other investors in various countries. We discuss our approach to working with portfolio companies who are geographically remote from our main office in London. We also discuss the process of making investment decisions on possible investments in various countries. The talk will conclude with insights and 'lessons learned' which may be of interest to fellow members of Fuel Cells Canada. (author)

  9. A Capital Adequacy Buffer Model

    NARCIS (Netherlands)

    D.E. Allen (David); M.J. McAleer (Michael); R.J. Powell (Robert); A.K. Singh (Abhay)

    2013-01-01

    markdownabstract__Abstract__ In this paper, we develop a new capital adequacy buffer model (CABM) which is sensitive to dynamic economic circumstances. The model, which measures additional bank capital required to compensate for fluctuating credit risk, is a novel combination of the Merton

  10. Schools, Social Capital and Space

    Science.gov (United States)

    Allan, Julie; Catts, Ralph

    2014-01-01

    This paper reports on the significance of social capital in relation to education, exploring its relevance to teachers and other professionals as well as among young people. It draws on aspects of five case studies undertaken by the Schools and Social Capital Network, within the Applied Educational Research Scheme in Scotland. These case studies…

  11. Social Capital and Savings Behavior

    DEFF Research Database (Denmark)

    Newman, Carol; Tarp, Finn; Khai, Luu Duc

    In this paper, we analyze household savings in rural Vietnam paying particular attention to the factors that determine the proportion of savings held as formal deposits. Our aim is to explore the extent to which social capital can play a role in promoting formal savings behavior. Social capital...

  12. Capital intelectual no varejo brasileiro

    OpenAIRE

    Edelweiss, Danila Lorens

    2010-01-01

    Através de uma pesquisa realizada com empresas rio setor de varejo, é realizada uma análise do conjunto de indicadores de capital intelectual com o objetivo de buscar evidências que empresas que apresentam melhores indicadores de capital intelectual, também apresentam melhores resultados financeiros.

  13. Venture Capital and Innovation Strategies

    NARCIS (Netherlands)

    Da Rin, M.; Penas, M.F.

    2015-01-01

    Venture capital is a specialized form of financial intermediation that often provides funding for costly technological innovation. Venture capital firms need to exit portfolio companies within about five years from the investment to generate returns for institutional investors. This paper is the

  14. Universities Venture into Venture Capitalism.

    Science.gov (United States)

    Desruisseaux, Paul

    2000-01-01

    Reports that some universities are starting their own venture-capital funds to develop campus companies, or are investing endowment funds with established venture-capital firms inclined to finance potential spinoffs from campus research. Examples cited are from the University of Alabama, Vanderbilt University (Tennessee), University of…

  15. Capital flight and political risk

    NARCIS (Netherlands)

    Lensink, R; Hermes, N; Murinde, [No Value

    This paper provides the first serious attempt to examine the relationship between political risk and capital flight for a large set of developing countries. The outcomes of the analysis show that in most cases political risk variables do have a statistically robust relationship to capital flight

  16. Avascular Necrosis of the Capitate

    OpenAIRE

    Bekele, Wosen; Escobedo, Eva; Allen, Robert

    2011-01-01

    Avascular necrosis of the capitate is a rare entity. The most common reported etiology is trauma. We report a case of avascular necrosis of the capitate in a patient with chronic wrist pain that began after a single episode of remote trauma.

  17. Avascular Necrosis of the Capitate

    Science.gov (United States)

    Bekele, Wosen; Escobedo, Eva; Allen, Robert

    2011-01-01

    Avascular necrosis of the capitate is a rare entity. The most common reported etiology is trauma. We report a case of avascular necrosis of the capitate in a patient with chronic wrist pain that began after a single episode of remote trauma. PMID:22470799

  18. Nutritional status of children, inmates of a small institution for homeless children in the capital of the State of S. Paulo, Brazil Estado nutritional de crianças internadas em um pequeno orfanato particular na capital do Estado de São Paulo, Brasil

    Directory of Open Access Journals (Sweden)

    Donald Wilson

    1980-09-01

    Full Text Available Nutritional surveys (food consumption, clinical and biochemichal were conducted in a small institution for homeless children. Results showed that only 30% of the children presented adequate calorie intake. Most of the children presented adequate protein intake, but almost half consumed less than 2/3 of the calcium RDA considered necessary. Food handling, processing, and distribution also proved inadequate and wastage, high. Skinfold measurement showed up one case of obesity. Furthermore, most of the children presented clinical signs of vitamin A deficiency, mostly skin lesions; while about half presented clinical signs of riboflavin deficiency. Biochemical data showed that 63.6% had deficient plasma levels of vitamin A, none showed abnormal results for riboflavin excretion, four showed packed blood cell volume below normal, and all had normal hemoglobin levels. Stool examinations revealed a high rate of pathogenic protozoa (Hymenolepis nana, in fact, one of the highest in Brazilian literature.Foram realizados, em um pequeno orfanato, inquéritos nutricionais (alimentar, clínico e bioquímico cujos resultados mostraram que 30% das crianças tinham ingestão inadequada de calorias, metade ingestão inadequada de cálcio e todas ingestão adequada de proteínas. A manipulação, o processamento e a distribuição dos alimentos eram inadequados e o desperdício era alto. Mais da metade das crianças apresentaram peso abaixo dos padrões, mas a maioria estava acima de 90% para altura, segundo idade. A medida da prega cutânea revelou apenas uma criança obesa. Com relação à vitamina A, a maioria das crianças revelou sinais clínicos atribuíveis à hipovitaminose A, predominantemente sinais cutâneos. Cerca de metade dos examinados revelou sinais de arriboflavinose. Foi baixo o número de crianças que apresentaram sinais clínicos de carência de proteína, ferro e ácido ascórbico. Os dados bioquímicos revelaram que 63,6% das crian

  19. Social capital and localised learning

    DEFF Research Database (Denmark)

    Lorenzen, Mark

    2007-01-01

      This conceptual paper analyses why social capital is important for learning and economic development, how it is created and its geography. It argues that with the rise of globalisation and learning-based competition, social capital is becoming valuable because it organises markets, lowering...... business firms' costs of co-ordinating and allowing them flexibly to connect and reconnect. The paper defines social capital as a matrix of various social relations, combined with particular normative and cognitive social institutions that facilitate co-operation and reciprocity, and suggests that social...... capital is formed at spatial scales lower than the national or international, because the density of matrices of social relations increases with proximity. The paper also offers a discussion of how national and regional policies may be suited for promoting social capital....

  20. Measuring social capital: further insights.

    Science.gov (United States)

    Carrillo Álvarez, Elena; Riera Romaní, Jordi

    Social capital is defined as the resources available to individuals and groups through membership in social networks. However, multiple definitions, distinct dimensions and subtypes of social capital have been used to investigate and theorise about its relationship to health on different scales, creating a confusing picture. This heterogeneity makes it necessary to systematise social capital measures in order to build a stronger foundation in terms of how these associations between the different aspects of social capital and each specific health indicator develop. We aim to provide an overview of the measurement approaches used to measure social capital in its different dimensions and scales, as well as the mechanisms through which it is presumed to influence health. Understanding the mechanisms through which these relationships develop may help to refine the existing measures or to identify new, more appropriate ones. Copyright © 2016 SESPAS. Publicado por Elsevier España, S.L.U. All rights reserved.

  1. Individual social capital and survival

    DEFF Research Database (Denmark)

    Ejlskov, Linda; Mortensen, Rikke N; Overgaard, Charlotte

    2014-01-01

    BACKGROUND: The concept of social capital has received increasing attention as a determinant of population survival, but its significance is uncertain. We examined the importance of social capital on survival in a population study while focusing on gender differences. METHODS: We used data from...... a Danish regional health survey with a five-year follow-up period, 2007-2012 (n = 9288, 53.5% men, 46.5% women). We investigated the association between social capital and all-cause mortality, performing separate analyses on a composite measure as well as four specific dimensions of social capital while...... controlling for covariates. Analyses were performed with Cox proportional hazard models by which hazard ratios and 95% confidence intervals were calculated. RESULTS: For women, higher levels of social capital were associated with lower all-cause mortality regardless of age, socioeconomic status, health...

  2. Human capital and career success

    DEFF Research Database (Denmark)

    Frederiksen, Anders; Kato, Takao

    capital formally through schooling for career success, as well as the gender gap in career success rates. Second, broadening the scope of human capital by experiencing various occupations (becoming a generalist) is found to be advantageous for career success. Third, initial human capital earned through......Denmark’s registry data provide accurate and complete career history data along with detailed personal characteristics (e.g., education, gender, work experience, tenure and others) for the population of Danish workers longitudinally. By using such data from 1992 to 2002, we provide rigorous...... formal schooling and subsequent human capital obtained informally on the job are found to be complements in the production of career success. Fourth, though there is a large body of the literature on the relationship between firm-specific human capital and wages, the relative value of firm-specific human...

  3. Human capital strategy: talent management.

    Science.gov (United States)

    Nagra, Michael

    2011-01-01

    Large organizations, including the US Army Medical Department and the Army Nurse Corps, are people-based organizations. Consequently, effective and efficient management of the human capital within these organizations is a strategic goal for the leadership. Over time, the Department of Defense has used many different systems and strategies to manage people throughout their service life-cycle. The current system in use is called Human Capital Management. In the near future, the Army's human capital will be managed based on skills, knowledge, and behaviors through various measurement tools. This article elaborates the human capital management strategy within the Army Nurse Corps, which identifies, develops, and implements key talent management strategies under the umbrella of the Corps' human capital goals. The talent management strategy solutions are aligned under the Nurse Corps business strategy captured by the 2008 Army Nurse Corps Campaign Plan, and are implemented within the context of the culture and core values of the organization.

  4. Custo de capital e globalização dos mercados

    OpenAIRE

    Oliveira, Reinaldo Grasson de

    2010-01-01

    O trabalho aborda a questão do custo de capital em um contexto de mercados globalizados. Analisa as principais metodologias para definição das variáveis que compõem o Custo Médio Ponderado de Capital (Weighted Average Cost of Capital) e o impacto exercido pela segmentação/integração dos mercados financeiros mundiais nesta definição. Discute as relações internacionais de paridade (Purchasing Power Parity, Efeito Fisher, lnterest Rate Parity, entre outras) e suas implicações p...

  5. Sand in the Wheels of Capitalism

    DEFF Research Database (Denmark)

    Bersem, Mario; Perotti, Enrico; von Thadden, Ernst-Ludwig

    We present a positive theory of capital market frictions that raise the cost of capital for new firms and lower the cost of capital for incumbent firms. Capital market frictions arise from a political conflict across voters who differ in two dimensions: (i) a fraction of voters owns capital......, the rest receives only lab or income; and (ii) voters have different vintages of human capital. We identify young workers as the decisive voter group, with preferences in between capitalists who favor a free capital market, and old workers, who favor restricted capital mobility. We show that capital market...... frictions do not naturally arise in a static framework, or even in a dynamic framework if capital market frictions are reversible. But if capital market frictions can be made to p ersist over time, we show that young workers favor capital market frictions as a way to smo oth income, especially if wealth...

  6. 78 FR 62017 - Regulatory Capital Rules: Regulatory Capital, Implementation of Basel III, Capital Adequacy...

    Science.gov (United States)

    2013-10-11

    ... unlevel playing field between banking organizations and other financial services providers. For example, a... for banking organizations. The final rule consolidates three separate notices of proposed rulemaking... minimum capital requirement, a higher minimum tier 1 capital requirement, and, for banking organizations...

  7. National Capital Planning Commission Meeting Transcripts

    Data.gov (United States)

    National Capital Planning Commission — Transcripts of the monthly (with the exception of August) National Capital Planning Commission meeting transcripts are provided for research to confirm actions taken...

  8. Immigrant Capital and Entrepreneurial Opportunities

    Directory of Open Access Journals (Sweden)

    Malavika Sundararajan

    2016-01-01

    Full Text Available Objective: The main objective of this study is to define and operationalize the concept of immigrant capital, a key factor that differentiates immigrant from host country entrepreneurs in how they recognize and start new ventures. Research Design & Methods: A detailed analysis of contemporary immigrant entrepreneurship and opportunity recognition literature was carried out. Using grounded theory, we synthesized the outcomes from the analysis of eight Canadian and U.S. case studies of successful immigrant entrepreneurs with the key findings from the literature to define and develop a model of immigrant capital. Findings: Based on our grounded theory development process we show that the concept of immigrant capital as a distillate of human, cultural, economic and social capital that goes beyond expected opportunity recognition (OR drivers like prior knowledge and prior experience to differentiate and enhance the immigrant entrepreneur’s ability to recognize business opportunities compared to host country entrepreneurs. We found immigrant capital to be a consequence of being boundary spanners in host and home country networks. Implications & Recommendations: Understanding a unique resource like immigrant capital, will help immigrant as well as host country entrepreneurs further develop their opportunity recognition ability by bridging gaps and fulfilling the needs for both, immigrant and host country consumers. Contribution & Value Added: The main contribution is the theoretical development, identification and definition of the immigrant capital model and propositions that will articulate the factors that lead to the conceptualization and operationalization of immigrant capital. Furthermore, the immigrant capital model can serve host country entrepreneurs to develop cross-cultural networks and jump-start entrepreneurial activities in their home countries as well as learn how to expand their operations into global markets.

  9. Capitalism, Socialism and Public Choice

    Directory of Open Access Journals (Sweden)

    Adrián Osvaldo Ravier

    2010-10-01

    Full Text Available The essay examines Schumpeter’s understanding of the capitalist process and develops a critical analysis of his explanation of why capitalism cannot survive. Part I deals with how Schumpeter understood capitalism. Part II studies why –- from his point of view — capitalism couldn’t survive. Part III analysis why it is actually socialism, as a socio-political alternative, that is impractical and must collapse from contradictions inherent in it. Part IV presents some final reflections, presenting the public choice and the thought of James M. Buchanan, as an alternative to the pessimist Schumpeterian view.

  10. Social capital in engineering education

    Science.gov (United States)

    Brown, Shane

    A theoretical argument is presented to suggest that engineering curriculum be designed to develop social capital. Additionally, the value of social capital in the retention of students in the College of Engineering, and the development, role, and value of social capital in an electrical engineering laboratory is evaluated. Data collected includes participant observations, informal and formal student interviews, and a researcher-designed survey. Social capital consists of interaction among individuals (networks), social rules that encourage interactions such as trust and reciprocity (norms), and the value of these networks and norms to the individual and the group. A large body of evidence suggests that social capital is valuable in terms of retention and multiple measures of academic achievement. The importance of social capital in retention was verified by students that have left engineering and those that remain, in terms of interactions with peers, teaching assistants, and engineering faculty; and a lack of sense of community in freshman engineering courses. Students that have left engineering differed in their perceptions of social capital from those that remain in their frustrations with teaching methods that encourage little discussion or opportunities to ask questions about assumptions or approaches. The open-ended nature of laboratory assignments, extensive required troubleshooting, and lack of specific directions from the teaching assistants were found to encourage the development of social capital in the laboratory setting. Degree centrality, a network measure of social capital as the number of ties an individual has within a social network, was found to be positively correlated with laboratory grade. Student perceptions of the importance of interactions with other students on success in the laboratory setting has a negative model effect on academic achievement in the laboratory. In contrast, student perceptions of the quality of interactions with

  11. From political capitalism to clientelist capitalism? The case of Croatia

    Directory of Open Access Journals (Sweden)

    Denis Redžepagić

    2011-12-01

    Full Text Available The paper analyses the typology of capitalism in Croatia. The Croatian form of capitalism is specific, in form and origin, with links between the pre-independence and post-independence periods, implying that capitalism has gradually evolved – from the political during the eighties towards current clientelistic capitalism. The manufacturing focus aims to facilitate the analysis of institutional, political and economic changes over the past forty years, emphasising the implications of institutional changes which have to a great extent, apart from the war of course, influenced the evolution of capitalism. The paper finds that the transition generated a number of costs, mainly generated by the state (fall in employment, manufacturing and social capital. The claim that the manufacturing industry has inherited low competitiveness neglects the necessary discussion on the role of the state in the formation of industrial policy and market actions. It is also an ex post argument for the claim that restructuring should have been implemented prior to privatisation as this would reduce negative impacts. Institutional changes led to a drastic reduction of the role of the manufacturing sector in the economy. The main finding in this paper is that the change in the interaction between the financial and the real sectors of the economy, the educational system and industrial relations system exposed the vulnerability of the current institutional environment. Despite similarities, institutional advantages of political capitalism are lost in the new type of Croatian capitalism, due to the complexity of the double transition process and the institutional or socio-economic particularities.

  12. Capital market efficiency III

    Directory of Open Access Journals (Sweden)

    Pantelić Svetlana

    2015-01-01

    Full Text Available In 2013 the Nobel Prize in Economic Sciences was awarded to the American economists, Eugene Fama, Lars Peter Hansen and Robert Shiller. The monetarists, Fama and Hansen, from the University of Chicago, and the Neo- Keynesian, Shiller, from the Yale University, according to the Swedish Royal Academy, won this prestigious prize for their research providing mathematical and economic models to determine (irregularities in the stock value trends at the stock exchanges. With his colleagues, in the 1960s Fama established that, in the short term, it is extremely difficult to forecast stock prices, given that new information gets embedded in the prices rather quickly. Shiller, however, determined that, although it is almost impossible to predict the stock prices for a period of few days, this is not true for a period of several years. He discovered that the stock prices fluctuate much more substantially than corporation dividents, and that the relationship between prices and dividends tends to decline when high, and to grow when low. This pattern does not apply only to stocks, but also to bonds and other forms of capital.

  13. PENGARUH INTELLECTUAL CAPITAL TERHADAP KINERJA KEUANGAN PERUSAHAAN

    Directory of Open Access Journals (Sweden)

    Denny Andriana

    2014-04-01

    Full Text Available The purpose of this research is to examine the influence of intellectual capital and its components, represented by physical capital (capital employed, human capital, and structural capital,on financial performance of mining and manufacturing companies listed in Indonesia Stock Exchange (Bursa Efek Indonesia – BEI period of 2010 – 2012. Total population observed during this research shows 169 mining and manufacturing companies.The sample was determined by purposive sampling method and found a total of 70 samples as the research subjects. The analytical technique for the quantitaive data uses a statistical tool, i.e. multiple regression. Intellectual capital and its components were measured by Pulic Model, while financial performance uses Return on Equty (ROE ratio. The results show that intellectual capital and human capital have negative influence, yet insignificant, impacton companies financial performance. While physical capital (capital employed and structural capital do have positive influence but not significanton companies financial performance.

  14. The Impact of Capital Structure on Economic Capital and Risk Adjusted Performance

    OpenAIRE

    Porteous, Bruce; Tapadar, Pradip

    2008-01-01

    The impact that capital structure and capital asset allocation have on financial services firm economic capital and risk adjusted performance is considered. A stochastic modelling approach is used in conjunction with banking and insurance examples. It is demonstrated that gearing up Tier 1 capital with Tier 2 capital can be in the interests of bank Tier 1 capital providers, but may not always be so for insurance Tier 1 capital providers. It is also shown that, by allocating a bank or insuranc...

  15. Emerging Forms of Cultural Capital

    DEFF Research Database (Denmark)

    Prieur, Annick; Savage, Mike

    assessment of the arguments made, including those made in the studies we have been involved in ourselves (the study of cultural capital and social exclusion in the UK, and the study of the Danish city Aalborg). Secondly, the paper looks into the different claims that are made in empirical studies after...... - the claims that there are forms of emotional, subcultural or national cultural capital at work - The claim about cosmopolitanism or an international orientation as a distinctive feature of the culturally privileged classes The paper responds to the first theme announced in the call for this conference......This paper reviews recent European studies to assess whether cultural capital now has the same characteristics – or may be rather the same functions - as when Distinction was written. The paper will examine empirical applications of the concept of cultural capital in leading European studies...

  16. Corporate governance and intellectual capital

    Directory of Open Access Journals (Sweden)

    Rahmat Alizadeh

    2014-01-01

    Full Text Available The purpose of this paper is to examine the association between corporate governance and Intellectual capital in the pharmaceutical companies accepted in Tehran Stock Exchange over the period 2004-2009 using a regression based model. The study investigates the impacts of three some independent variables of the corporate governance (i.e. the number of board members, the relative extent of nonexecutive to executive directors, the auditing committee. The results suggest that corporate governance had no special effect on intellectual capital in the pharmaceutical companies. Furthermore among corporate governance's variables, the first one (i.e. board size had negative impact on firms' intellectual capital and the second and the third variables had no effects on intellectual capital.

  17. Novo-desenvolvimento, capital social e desigualdade social

    Directory of Open Access Journals (Sweden)

    Ana Cristina de Oliveira Oliveira

    2012-03-01

    Full Text Available Este artigo aborda a tendência de enfrentamento da desigualdade social a partir, no campo econômico, da versão do novo-desenvolvimentismo e, no campo político e ideológico, a partir da noção de capital social, na tentativa de realizar um "capitalismo com face mais humana". Discutiremos duas ordens de questões, considerando a especificidade da formação social brasileira de capitalismo dependente: 1 a “construção de Estados fortes” para

    assegurar as condições de acumulação do capital, ampliando as margens do mercado de consumo, aliviando a pobreza e controlando possíveis tensões políticas e 2 a difusão da necessidade de construir uma sociedade em harmonia, que se traduz na incorporação da ética empreendedora dos empresários em todas as esferas sociais. Entendemos que este escopo político-econômico revela uma nova pedagogia da hegemonia, sustentada numa suposta alternativa
    de gerenciamento das novas expressões da “questão social”, voltada para educar o conformismo e ocultar o conflito de classes.
    Palavras-chave:  questão social; novo-desenvolvimentismo; capital social; inclusão forçada

  18. As bibliotecas nacionais latino americanas e o capital social

    Directory of Open Access Journals (Sweden)

    Deborah Medeiros

    2017-01-01

    Full Text Available Resumo Estudo que pretende analisar o uso da web social nos serviços das bibliotecas nacionais latino americanas e as formas de fomentar Capital Social em sua comunidade. Buscou-se verificar quais mídias sociais as bibliotecas nacionais usam, avaliando como adaptam aos serviços das bibliotecas e como as utilizam para fomentar o Capital Social, adotando-se para isso a teoria do fator whuffie. Utilizou-se a coleta e mapeamento de mídias sociais e observação não participante para a análise dos websites das Bibliotecas Nacionais analisadas. Como resultado, a pesquisa constatou que as Bibliotecas Nacionais em sua grande maioria utilizam seus sites e bibliotecas digitais para oferecer serviços e fomentar Capital Social entre seus interagentes. Por fim, conclui-se que as bibliotecas analisadas ainda utilizam suas mídias sociais na internet para fins administrativos e de divulgação, e observa-se que, através de algumas práticas identificadas nas bibliotecas analisadas nesta pesquisa, as demais bibliotecas podem buscar novas formas e possibilidades de interação dos seus serviços com seus interagentes por meio dessas mídias e de seus websites.

  19. Organizational Capital of the Enterprise

    Directory of Open Access Journals (Sweden)

    Vladimir Nikiforovich Belkin

    2016-09-01

    Full Text Available In the article, the main theoretical questions of the organizational capital of the enterprise are considered. The concept of «organizational capital of the enterprise» as a system consisting of three subsystems (organization of production, labour organization and management is introduced. It is shown that the organizational capital forms the labour relations system at the enterprise consisting of the cooperation, technological, economic, moral labour relations and the relations of workers’ responsibility. The model of cyclic evolution of crisis at the enterprise caused by shortcomings of the organizational capital is revealed. It is shown that the organizational capital is a basis for the realization of the human capital, which creates value added. A considerable attention is paid to the experience of the creation and functioning of the organizational capital at the enterprises of the Japanese corporation «Toyota». The Russian economic literature on crisis management quite often considers only the financial aspects of diagnostics, proposing the optimization of cash flows, elimination of excess stocks, transition to the medium-term budgeting and others. However, the deep reasons of crisis need to be found not only in financial streams, but also in the system of the work relationships. The shortcomings in the development of technological, cooperation, economic, moral labour relations and the relations of responsibility directly reflects the shortcomings in the development of the elements of the organizational capital as they «are adjusted» by these elements. In turn, organizational problems affect the product quality leading to the customer attrition and decrease in the enterprise’s financial performance. The lack of financial resources cause the need to save costs (first of all, on personnel, that was brightly shown by the economic crisis of 2009 that even more weakens the enterprise and system of labour relations. Finally, the

  20. THE IMPORTANCE OF VENTURE CAPITAL

    Directory of Open Access Journals (Sweden)

    IRINA ANGHEL-ENESCU

    2013-05-01

    Full Text Available Created in the United States of America, Venture Capital is an asset class which attracted recently the attention of the policy makers all over the world. But the concept is still not clearly defined and understood. This paper attempts at introducing in the concept, its characteristics, and reviewing some of the benefits Venture Capital investments can bring at both the macroeconomic level, by looking at the correlation with the economic growth, and at the microeconomic level, for the portfolio companies.

  1. Reforming Capital Taxation in Italy

    OpenAIRE

    Luc Eyraud

    2014-01-01

    This paper reviews capital taxation issues in Italy based on a comprehensive definition encompassing taxes on income, transactions, and ownership. It discusses options to enhance the neutrality of the capital income tax system, followed by a detailed analysis of the property tax, the inheritance tax, and various transaction taxes. The paper also examines the case for replacing the set of existing taxes on financial and real assets with a single net wealth tax.

  2. ORGANIZATIONAL CAPITAL IN ENTERPRISE ARCHITECTURE

    Directory of Open Access Journals (Sweden)

    Kirill G. Skripkin

    2016-01-01

    Full Text Available The paper describes a new approach to the description of organizational capital in enterprise architecture. This approach is focused on internal consistency of organizational mechanisms and their fit to the requirements of technologies in use and key employees. The description rests on Henry Mintzberg organizational design theory. The value of this description is demonstrated for the case of influence of Ministry of Education and Science policy on the organizational capital of the Russian university.

  3. Fatores determinantes da estrutura de capital das maiores empresas que atuam no Brasil Determinant factors of capital structure for the largest companies active in Brazil

    Directory of Open Access Journals (Sweden)

    Giovani Antonio Silva Brito

    2007-04-01

    Full Text Available Estrutura de capital é um tema ainda controverso em teoria de finanças. Desde a discussão entre a teoria tradicional, que defende a existência de uma estrutura de capital ótima que leva à maximização do valor da empresa, e a proposta por Modigliani e Miller (1958, que considera que o valor da empresa não é afetado pela forma como ela é financiada, diversos estudos empíricos têm sido realizados com o objetivo de identificar os fatores que explicam a forma como as empresas se financiam. Esta pesquisa analisa a estrutura de capital das maiores empresas que atuam no Brasil, investigando a relação entre o nível de endividamento e os fatores apontados pela teoria como seu determinante. O estudo é baseado em dados contábeis extraídos das demonstrações financeiras de empresas de capital aberto e de empresas de capital fechado. A técnica estatística utilizada no estudo é a regressão linear múltipla. Os resultados indicam que os fatores risco, tamanho, composição dos ativos e crescimento são determinantes da estrutura de capital das empresas, enquanto que o fator rentabilidade não é determinante. Os resultados, também, mostram que o nível de endividamento da empresa não é afetado pelo fato de ela ser de capital aberto ou de capital fechado.Capital structure is still a still controversial issue in finance theory. Since the discussion between traditional theory, which asserts the existence of an optimal capital structure that maximizes the firm’s value, and Modigliani and Miller’s theory (1958, which considers that the value of a firm is unaffected by how it is financed, many empirical studies have been carried out to identify the factors that explain how a firm finances itself. This research analyses the capital structure of the largest firms in Brazil and investigates the relationship between the leverage ratio and the factors indicated by theory as determinant. The study is based on accounting data extracted from

  4. Transmission line capital costs

    International Nuclear Information System (INIS)

    Hughes, K.R.; Brown, D.R.

    1995-05-01

    The displacement or deferral of conventional AC transmission line installation is a key benefit associated with several technologies being developed with the support of the U.S. Department of Energy's Office of Energy Management (OEM). Previous benefits assessments conducted within OEM have been based on significantly different assumptions for the average cost per mile of AC transmission line. In response to this uncertainty, an investigation of transmission line capital cost data was initiated. The objective of this study was to develop a database for preparing preliminary estimates of transmission line costs. An extensive search of potential data sources identified databases maintained by the Bonneville Power Administration (BPA) and the Western Area Power Administration (WAPA) as superior sources of transmission line cost data. The BPA and WAPA data were adjusted to a common basis and combined together. The composite database covers voltage levels from 13.8 to 765 W, with cost estimates for a given voltage level varying depending on conductor size, tower material type, tower frame type, and number of circuits. Reported transmission line costs vary significantly, even for a given voltage level. This can usually be explained by variation in the design factors noted above and variation in environmental and land (right-of-way) costs, which are extremely site-specific. Cost estimates prepared from the composite database were compared to cost data collected by the Federal Energy Regulatory Commission (FERC) for investor-owned utilities from across the United States. The comparison was hampered because the only design specifications included with the FERC data were voltage level and line length. Working within this limitation, the FERC data were not found to differ significantly from the composite database. Therefore, the composite database was judged to be a reasonable proxy for estimating national average costs

  5. Social capital and workplace bullying.

    Science.gov (United States)

    Pihl, Patricia; Albertsen, Karen; Hogh, Annie; Andersen, Lars Peter Sønderbo

    2017-01-01

    Workplace bullying is a serious stressor with devastating short- and long-term consequences. The concept of organizational social capital may provide insights into the interactional and communicative dynamics of the bullying process and opportunities for prevention. This study aimed to explore the association between organizational social capital and being a target or observer of workplace bullying. Based on self-reported cross-sectional data from a large representative sample of the Danish working population (n = 10.037), logistic regression analyses were conducted to explore at the individual level the associations between vertical and horizontal organizational social capital with being a target or observer of workplace bullying. In the fully adjusted models, low organizational social capital (vertical and horizontal) was associated with significantly increased odds ratios of both self-labelled (vertical: OR = 3.25; CI = 2.34-4.51; horizontal: OR = 3.17; CI = 2.41-4.18) and observed workplace bullying (vertical: OR = 2.09; CI = 1.70-2.56; horizontal: OR = 1.60; CI = 1.35-1.89), when compared with high organizational social capital. This study supports that characteristics of the psychosocial work environment are of importance in the development of workplace bullying, and provides focus on the importance of self-reported organizational social capital.

  6. Bridges in social capital: a review of the definitions and the social capital of social capital researchers

    OpenAIRE

    Akcomak, S.

    2009-01-01

    There has been a recent surge of interest in social economics and social capital. Articles on social capital that are published in the last five years constitute more than 60 percent of all articles on social capital. Research on social capital is now massive and spans sociology, economics, management, political science and health sciences. Despite this interest there is still not a consensus on the definition and the measurement of social capital. This paper argues that this is due to lack o...

  7. RETROSPECTIVE OF FINANCIAL REPORTING ON CAPITAL MARKET

    OpenAIRE

    Diana Muresan

    2012-01-01

    The purpose of this paper is to develop a conceptual framework for the evolution offinancial reporting on capital market. Due to the worlwide changes, the role of financial reportingin capital market is constantly growing. Financial reporting analyzed through market perspective isstrongly correlated with issues like: capital allocation, financial statements, internationalaccounting standards and informational valences. Capital market research emphasizes the need forqualitative and transparent...

  8. 12 CFR 567.4 - Capital directives.

    Science.gov (United States)

    2010-01-01

    ... requirement, the leverage ratio requirement, the tangible capital requirement, or individual minimum capital... capital directive, it may become effective immediately. A capital directive shall remain in effect and... plan shall continue in full force and effect. (b) Relation to other administrative actions. The Office...

  9. Levels of Social Capital in Internationalization

    DEFF Research Database (Denmark)

    Decker, Arnim

    2016-01-01

    This contribution introduces the notion of social capital and discusses integration into the studies on internationalization of smaller firms and entrepreneurs. Integrating social capital into the resource based perspective, we categorize social capital at three levels: firstly, social capital can...... be attributed to individuals, affecting their relationship with the external environment. Secondly, social capital is an inherent property of networks, into which smaller firms and entrepreneurs are embedded. Thirdly, social capital exists at the macro level, where its characteristics and availability varies...... between environments and nations. This contribution attemps to fascilitate the operationalization of social capital for an improved understanding of processes of internationalization of smaller firms and entrepreneurs....

  10. SOCIAL CAPITAL AND CIVIC PARTICIPATION

    Directory of Open Access Journals (Sweden)

    Melike ERDOGAN

    2010-07-01

    Full Text Available The concept of social capital has a long intellectual history in the fie ld of social sciences. In recent years, interest of scholars from sociology, po litical science, economics and public administration is rapidly increasing. The reason for this increasing interest is that it has been aware of the importance of social capital in communities’ administrative, social, economic and political development. In this sense, the concept of social ca pital is an issue to be discussed with solution of current problems of public administration, subjects of governance, civil society, and participation. Social capital has a lot of definitions which are completely different from each other. Common point of these different definitions is that social capital is a resource at both individual and community level. We will use Robert Putnam’s defi nition about social cap ital in this paper. Putnam (1993 defines social capital as “features of social organization, such as trust, norms, and networks that can improve the efficiency of society by facilitating coordinated action”. In his book; Bowling Alone: The Collapse and Revival of the American Community, Putnam describes declining social capital in America. He analyzes relationship between social capital and civic participation and assumes that there is a positive relationship between social capital and civic participation. The paper aims to reveal how there is a relationshi p between social capital and civic participation in Central Florida. We will use “The Central Florida Social Capital Community Benchmark Survey that is made by The Survey Research Labora tory in the Ins titute for Social and Behavior Sciences at the University of Central Florida among central Florida residents. We use notion of civic participation not only as voting but also as concern of politics, volunteering, attending a political meeting, participating in any demonstrations, protests or boycotts, cooperating to solve problems and

  11. STATISTICAL MODELS OF REPRESENTING INTELLECTUAL CAPITAL

    Directory of Open Access Journals (Sweden)

    Andreea Feraru

    2016-06-01

    Full Text Available This article entitled Statistical Models of Representing Intellectual Capital approaches and analyses the concept of intellectual capital, as well as the main models which can support enterprisers/managers in evaluating and quantifying the advantages of intellectual capital. Most authors examine intellectual capital from a static perspective and focus on the development of its various evaluation models. In this chapter we surveyed the classical static models: Sveiby, Edvisson, Balanced Scorecard, as well as the canonical model of intellectual capital. Among the group of static models for evaluating organisational intellectual capital the canonical model stands out. This model enables the structuring of organisational intellectual capital in: human capital, structural capital and relational capital. Although the model is widely spread, it is a static one and can thus create a series of errors in the process of evaluation, because all the three entities mentioned above are not independent from the viewpoint of their contents, as any logic of structuring complex entities requires.

  12. 12 CFR 1229.5 - Capital distributions for adequately capitalized Banks.

    Science.gov (United States)

    2010-01-01

    ... capitalized Banks. 1229.5 Section 1229.5 Banks and Banking FEDERAL HOUSING FINANCE AGENCY ENTITY REGULATIONS CAPITAL CLASSIFICATIONS AND PROMPT CORRECTIVE ACTION Federal Home Loan Banks § 1229.5 Capital... classification of adequately capitalized. A Bank may not make a capital distribution if such distribution would...

  13. Minority Capital Resource Handbook. A Guide to Raising Capital for Minority Entrepreneurs. Second Edition.

    Science.gov (United States)

    Ewing, Samuel D., Jr.; Maloney, Clifton H. W.

    This minority capital resource handbook consists of a guide to raising capital for minority entrepreneurs and a listing of sources that provide such capital. The first section deals with the process of raising capital. The realities of raising capital, intermediaries and financial advisors, and assessing needs are outlined. Factors considered in…

  14. CAPITAL INTELECTUAL E O ENSINO SUPERIOR: ANÁLISE E PERSPECTIVAS

    Directory of Open Access Journals (Sweden)

    Helder Fanha Martins

    2015-12-01

    Full Text Available O presente estudo tem como principal objectivo analisar o estado do capital intelectual numa instituição de ensino superior através da elaboração de indicadores que permitam avaliar o capital intelectual de um curso de mestrado dessa instituição. Para tal, numa primeira fase, realizou-se uma pesquisa em torno da abordagem à gestão do conhecimento, particularizando a análise nos temas que mais se relacionavam com o capital intelectual. Foram apresentadas as principais teorias de acordo com os autores que se dedicam a esta área do saber, primeiro em torno da noção de conhecimento, depois da teoria do conhecimento e por último da gestão do conhecimento e do capital intelectual. Na análise teórica efectuada sobre o capital intelectual, para além de apresentar a sua definição e contextualização, foi também dado destaque aos modelos de medição do mesmo. Baseando-nos na análise de alguns desses modelos, foram definidos indicadores com o objectivo de analisar o capital intelectual de uma instituição de ensino superior pública e mais concretamente um dos seus cursos de mestrado, apresentando-se os resultados.

  15. Intangible Capital, Corporate Valuation and Asset Pricing

    OpenAIRE

    Danthine, Jean-Pierre; Jin, Xiangrong

    2006-01-01

    Recent studies have found unmeasured intangible capital to be large and important. In this paper we observe that by nature intangible capital is also very different from physical capital. We find it plausible to argue that the accumulation process for intangible capital differs significantly from the process by which physical capital accumulates. We study the implications of this hypothesis for rational firm valuation and asset pricing using a two-sector general equilibrium model. Our main fi...

  16. Migration, income redistribution, and international capital mobility

    OpenAIRE

    Meckl, Jürgen

    1994-01-01

    This paper studies income-redistribution effects from labor migration in a small open economy under alternative assumptions on the international mobility of capital. Our principal result is that induced international capital flows dampen or may even reverse redistribution effects. However, as long as the location of capital is unaffected by migration redistribntion effects may be greater if some of the capital is foreign owned, depending on whether labor and capital are friends or enemies. On...

  17. Análise da implantação do sistema de atendimento pré-hospitalar móvel em cinco capitais brasileiras Analysis of the implementation of a mobile pre-hospital treatment system in five Brazilian state capitals

    Directory of Open Access Journals (Sweden)

    Maria Cecília de Souza Minayo

    2008-08-01

    Full Text Available Apresentamos descrição e análise da implantação do sistema de atendimento pré-hospitalar móvel (Serviço de Atendimento Móvel de Urgência - SAMU. O texto é parte de uma pesquisa denominada Análise Diagnóstica de Implantação da Política Nacional de Redução de Acidentes e Violências. Estudamos a história recente da implantação, organização, recursos humanos, materiais e equipamentos do SAMU em cinco capitais (Curitiba - Paraná; Recife - Pernambuco; Brasília - Distrito Federal; Manaus - Amazonas; Rio de Janeiro que apresentam elevadas taxas de morbimortalidade por causas externas. Trabalhamos em quatro fases, cada qual agregando ciclos exploratórios, de trabalho de campo e de análise, triangulando dados quantitativos e qualitativos. Os resultados mostram que a implantação do SAMU constitui, hoje, um avanço do setor saúde e da sociedade. É preciso ainda completar a implantação de várias portarias quanto a veículos, pessoal e equipamentos; intensificar a articulação do pré-hospitalar móvel com as unidades de saúde; enfatizar informações geradas nesse subsistema visando ao melhor planejamento das ações; manter e promover a alta qualificação dos profissionais do SAMU. Este serviço veio oficializar, padronizar e regular um subsistema fundamental para salvar vidas.The article presents a description and analysis of the implementation of a pre-hospital treatment system (SAMU as part of the research project Diagnostic Analysis of the Implementation of a National Policy for the Reduction of Violence and Accidents. Implementation and organization of the SAMU service, together with the related materials, human resources, and equipment, was studied in five Brazilian State capitals with high morbidity and mortality rates from external causes: Curitiba (Paraná, Recife (Pernambuco, Brasília (Federal District, Rio de Janeiro, and Manaus (Amazonas. The study involved four phases, each developing exploratory and

  18. Epochality, Global Capitalism and Ecology

    Directory of Open Access Journals (Sweden)

    Wayne Hope

    2018-05-01

    Full Text Available What type of capitalism do we live in today? My answer to this question draws upon two interrelated lines of argument. Firstly, I will argue that we inhabit an epoch of global capitalism. The precursors of this kind of capitalism originated from the late nineteenth century when the development of telegraph networks, modern transport systems and world time zones provided a global template for industrialisation and Western imperialism. From about 1980 a confluence of global events and processes bought a fully-fledged global capitalism into being. These included the collapse of Fordist Keynesianism, national Keynesianism and Soviet Communism along with First, Second and Third World demarcations; the international proliferation of neo-liberal policy regimes; the growth of transnational corporations in all economic sectors; the predominance of financialisation and the reconstitution of global workforces. Secondly, I will argue that the shift from organic surface energy to underground fossil energy intertwined the time of the earth with the time of human history as nature was being instrumentalised as a resource for humanity. Understanding the capitalist relations of power involved here requires that we rethink the emergence of industrial capitalism in the historical context of a world system built upon unequal socio-ecological exchange between core and periphery. Today, global capitalism has intensified the anthropogenic feedback loops associated with CO2 emissions and climate change and universalised the organisational frameworks of profit extraction and socio-ecological destruction. I refer here to the transnational systems of fossil fuel capitalism along with their interlinkages with financialisation and advertising/commodity fetishism. From the preceding lines of argument I will briefly outline the intra-capitalist and planetary-ecological crises out of which transnational coalitions of opposition might emerge.

  19. Financial capital and intellectual capital in physician practice management.

    Science.gov (United States)

    Robinson, J C

    1998-01-01

    Medical groups need financial resources yet most retain no earnings and have no reserves. Physician practice management (PPM) companies have recognized the need for investment and the scarcity of indigenous capital in the physician sector and are rushing to fill the void. Resources are being contributed by venture capitalists, bond underwriters, private investors, pharmaceutical manufacturers, health plans, hospital systems, and public equity markets. The potential contribution of PPM firms is to nurture the intellectual capital of leading physician organizations and diffuse it throughout the health care system. The risk is that short-term financial imperatives will impede necessary long-term investments.

  20. Limited Capital Market Participation and Human Capital Risk

    OpenAIRE

    Jonathan Berk; Johan Walden

    2010-01-01

    The non-tradability of human capital is often cited for the failure of traditional asset pricing theory to explain agents' portfolio holdings. In this paper we argue that the opposite might be true --- traditional models might not be able to explain agent portfolio holdings because they do not explicitly account for the fact that human capital does trade (in the form of labor contracts). We derive wages endogenously as part of a dynamic equilibrium in a production economy. Risk is shared in l...

  1. Índice de Desenvolvimento Social em Aracaju – SE: A realidade urbana em 2000 e em 2010

    OpenAIRE

    Jesus, Christiane Freitas; Dias, Nelson

    2012-01-01

    A dinâmica econômica em Sergipe, a partir da década de 70, intensificou o fluxo migratório para Aracaju e municípios adjacentes, ocasionando uma nova configuração do urbano, principalmente na capital. As mudanças desse processo impactam diretamente o desenvolvimento social da população e refletem na qualidade de vida. Não obstante estas transformações, Aracaju passou a ser considerada, a partir de 2005, como a capital da qualidade de vida. No entanto, esta qualificação deixou de considerar al...

  2. Capital culinário: o círculo dos alimentos nos meios de comunicação

    Directory of Open Access Journals (Sweden)

    Cynthia Arantes Ferreira Luderer

    2013-12-01

    Full Text Available Culinary capital é um conceito que, apoiado na teoria do capital de Bourdieu, enuncia a rede social pela qual transpassa o alimento em sua condição material ou simbólica. Com foco na cultura norte-americana, os autores discorrem sobre os discursos que transitam em torno do aumento do capital culinário e que convoca os sujeitos à cidadania pela via das regras que pregam a boa saúde. Como base para discussão, vários suportes comunicativos pelos quais transita o capital culinário são discutidos, como programas de televisão, redes sociais, sites, eventos, grupos sociais e empresas.

  3. Intellectual Capital Management in Transport Sector

    Directory of Open Access Journals (Sweden)

    Asta Znakovaitė

    2011-03-01

    Full Text Available This article presents an analysis of intellectual capital; its management, features and processes by which intellectual capital of a company can be evaluated. The main elements of intellectual capital (human, structural and relationship capital are presented and used in research. After surveying bibliography, intellectual capital evaluation model, which applies to Lithuanian and Latvian companies operating in the transport sector, is created. The research is based on the value-added intellectual capital factor model, the relationship between indicators, multi-asset return correlation and regression analysis and generation of alternatives to intellectual capital performance-enhancing. Following an assessment of intellectual capital of Lithuanian and Latvian transport sectors, on the basis of the results, it was found that the intellectual capital is a key factor in corporation management to increase revenue. Article in Lithuanian

  4. CAPITALISM IN ILLUSION AND DELUSION

    Directory of Open Access Journals (Sweden)

    DORU CÎRNU

    2011-12-01

    Full Text Available The current crisis seems to shake the foundations of contemporary society as a whole and generated increasingly more opinions that show the capitalist society has begun and continues to lose ground. This is because capitalism has changed something inside so deeply that eternal truths of capitalism – economic growth, full employment, financial stability – seem to have crashed like the New York twin towers. Beyond all the shortcomings, quite a lot in numbers, known and recognized, the world and those who analyze it agree that , at least so far, has not been invented a better mechanism to obstruct and retain tyranny and so it is possible to consider the evolution of capitalism only in and through democracy.

  5. The measurement of social capital.

    Science.gov (United States)

    Villalonga-Olives, Ester; Kawachi, Ichiro

    2015-01-01

    Social capital has been defined as the resources available to individuals and groups through membership in social networks. The definition is consistent with either an individualistic approach, i.e. resources (such as information or instrumental assistance) that are accessed by individuals through their network connections; or a collective approach, e.g. the benefits accruing to members of a group - such as the ability of a community to engage in collective action - as a consequence of the existence of cohesive relationships. While research often restricts itself to a single level of analysis, the benefits (and downsides) of social capital accrue to both the individual as well as to the network to which he belongs. In the Dictionary of Epidemiology both the individual and collective levels of analysis were recognized in the definition of social capital. Copyright © 2014 SESPAS. Published by Elsevier Espana. All rights reserved.

  6. CSR, SMEs and Social Capital

    DEFF Research Database (Denmark)

    Murillo, David; Vallentin, Steen

    2012-01-01

    capital are interrelated, turning social capital into a powerful instrument to better explain what academic literature has called silent CSR practices. The analysis that follows questions some of the basic tenets that underpin the branch of business ethics that deals with the nature of SMEs' approach...... this type of action d) Any study of this kind of practice requires a dual approach: a) normative when using tools developed by CSR; and b) descriptive and instrumental using the notion of social capital....... in the automotive sector, took the distinctive approach of trying to understand the nature of CSR-like activities developed not by best-in-class CSR-driven companies but by purely competitiveness-driven firms. The case studies provide explicit evidence that the CSR activities of SMEs and the notion of social...

  7. LINGUISTIC CAPITAL AND PERMANENT EDUCATION

    Directory of Open Access Journals (Sweden)

    Cornelia DUMITRU

    2006-06-01

    Full Text Available The Europe of Knowledge means shifting to a new stage of identifying, redefining and satisfying the exigencies related to human capital. Among the basic competencies, the language ones shall play a more important role for all age groups, and all categories of jobs and professions in the economic, social and cultural fields due to the emergence of the virtual society and economy. Market internationalisation, as well as the strong outspread of English in all fields led to the emergence of the “working language” making it “strict requirement” from the perspective of the qualitative attributes of human capital. At the same time, from the viewpoint of the human capital, “English is not enough” for sustainable development at regional and international level.

  8. Capital financing in prospective payment.

    Science.gov (United States)

    Oszustowicz, R J; Dreachslin, J L

    1984-03-01

    In the era of prospective payment, arranging financing for hospital capital projects is expected to become even more complicated than under cost-based reimbursement systems. This article outlines the information needed for a bond issue in the prospective payment environment, defines the roles and duties of several external persons and organizations involved with planning a major capital financing, and provides an overview of the entire process. This article assumes for illustrative purposes that a tax-exempt bond issue is going to be used to finance a facility expansion. This method was chosen since over 70% of all major capital financing for hospitals use the tax-exempt bond as the principal vehicle for attracting the necessary debt to finance a major construction project. The tax-exempt bond issue also requires the most detail in documentation and legal provisions.

  9. The measurement of social capital

    Directory of Open Access Journals (Sweden)

    Ester Villalonga-Olives

    2015-01-01

    Full Text Available Social capital has been defined as the resources available to individuals and groups through membership in social networks. The definition is consistent with either an individualistic approach, i.e. resources (such as information or instrumental assistance that are accessed by individuals through their network connections; or a collective approach, e.g. the benefits accruing to members of a group – such as the ability of a community to engage in collective action – as a consequence of the existence of cohesive relationships. While research often restricts itself to a single level of analysis, the benefits (and downsides of social capital accrue to both the individual as well as to the network to which he belongs. In the Dictionary of Epidemiology both the individual and collective levels of analysis were recognized in the definition of social capital.

  10. Transnational Investments in Informational Capital

    DEFF Research Database (Denmark)

    D. Munk, Martin

    This paper analyses the acquisition of informational capital, e.g. academic capital, measured as student mobility, and understood as transnational investments in prestigious foreign educational institutions. In the 1990s, educational “zones of prestige” have especially been the United States......) are more likely than students from other social classes to pursue transnational investments, even though students from the middle and working classes have now entered the competition. This result is also recently found in an analysis of Danish academic emigrants. All in all, the studies confirm...... the hypothesis that students from upper classes are more likely than others to invest in specific informational capital in the field of education, in national environments but also in international settings....

  11. The Pro-Cyclical Impact of Basel III Regulatory Capital on Bank Capital Risk

    OpenAIRE

    Song, Guoxiang

    2014-01-01

    To raise the quality of regulatory capital, Basel III capital rules recognize unrealized gains and losses on all available-for-sale (AFS) securities in Common Equity Tier 1 Capital (CET1). However, by examining the correlations between U.S. GDP growth rate, interest rates and regulatory capital ratios computed using Basel III regulatory capital definition for six U.S. global systemically important banks (G-SIBs) since 2007, this chapter finds that Basel III regulatory capital will enhance the...

  12. Human capital in the nursing management of hospitals.

    Science.gov (United States)

    Cordeiro, Ana Lúcia Arcanjo Oliveira; Fernandes, Josicélia Dumêt; Mauricio, Maria Deolinda Antunes Luz Lopes Dias; Silva, Rosana Maria de Oliveira; Barros, Claudia Silva Marinho Antunes de; Romano, Cátia Maria Costa

    2017-08-17

    To analyze how the components of human capital are used in the nursing management of hospital organizations. This was an exploratory and qualitative study. Data collection took place between October 2014 and May 2015 using semi-structured interviews. The data were analyzed according to content analysis. Twelve nurse managers participated. The components of human capital used by the nurses in personnel management were: during the hiring process, when requiring specialized education in the field and prior professional experience; when retaining talents with promotion strategies; in building capacities of professionals through support and training; and in collective work to construct processes and outcome assessment. The components of human capital need to be managed strategically with a focus on professional skills and development, with the aim of transforming individual and collective knowledge into new technology. Analisar como os componentes do capital humano são utilizados na gestão de enfermeiras em organizações hospitalares. Estudo exploratório, com abordagem qualitativa. A coleta de dados ocorreu de outubro de 2014 a maio de 2015 com a utilização de entrevistas semiestruturadas. Os dados foram analisados segundo a análise de conteúdo. Participaram 12 gestoras de enfermagem. Os componentes do capital humano utilizados pelas enfermeiras na gestão de pessoas foram: no processo admissional ao utilizar como critérios para contratação a exigência de especialização na área e experiência profissional prévia; na manutenção de talentos com estratégias de promoção; na capacitação de profissionais com apoio e treinamento; e no trabalho coletivo para a construção dos processos e avaliação dos resultados. Os componentes do capital humano precisam ser gerenciados estrategicamente com foco nas competências e no desenvolvimento do profissional, visando transformar os conhecimentos individuais e coletivos em novas tecnologias.

  13. Reaping benefits from intellectual capital.

    Science.gov (United States)

    Weston, Marla J; Estrada, Nicolette A; Carrington, Jane

    2007-01-01

    The wealth and value of organizations are increasingly based on intellectual capital. Although acquiring talented individuals and investing in employee learning adds value to the organization, reaping the benefits of intellectual capital involves translating the wisdom of employees into reusable and sustained actions. This requires a culture that creates employee commitment, encourages learning, fosters sharing, and involves employees in decision making. An infrastructure to recognize and embed promising and best practices through social networks, evidence-based practice, customization of innovations, and use of information technology results in increased productivity, stronger financial performance, better patient outcomes, and greater employee and customer satisfaction.

  14. Capital Investment Procedures for FEMYSO

    OpenAIRE

    Oluduro, Francis Oladele; Duru, Longinus; Al Jaafar, Mofid

    2008-01-01

    Date: 2008-06-05 Level: Bachelor Thesis in Business Administration EF0703, 15 ECTS Credits. Authors: Longinus Duru (Stockholm), Francis O.Oluduro (Västerås) and Mofid Al Jaafar (Västerås) Title: Capital Investment Procedures for FEMYSO Problem Area: Undertaking an investment by FEMYSO involves weighing up the risk against the returns but still capital investment decision are still one of the most undertaken decisions by organization managers because it involves commitment of huge amount of mo...

  15. Taxes and Venture Capital Support

    DEFF Research Database (Denmark)

    Keuschnigg, Christian; Nielsen, Søren Bo

    2003-01-01

    In this paper we set up a model of start-up finance under double moral hazard.Entrepreneurs lack own resources and business experience to develop their ideas.Venture capitalists can provide start-up finance and commercial support. The effortput forth by either agent contributes to the firm......-set may paradoxically contribute to higher quality of venturecapital finance and welfare. Subsidies to physical investment in VC-backed startupsare detrimental in our framework.Keywords: Venture capital, capital gains taxation, double moral hazard.JEL-Classification: D82, G24, H24, H25...

  16. Influência do capital social no mercado de crédito rural

    Directory of Open Access Journals (Sweden)

    Roberto Arruda de Souza Lima

    2005-03-01

    Full Text Available O trabalho analisa o efeito do capital social sobre o volume de negócios no mercado de crédito rural. No caso do crédito rural, o intermediário financeiro maximizador de lucro depara com uma importante restrição a este objetivo: historicamente, a taxa de juros nesse mercado tem sido fixada, pelo governo, abaixo do equilíbrio de mercado. Assim, o problema relevante para o intermediário financeiro é a minimização do seu custo. A hipótese, que foi verificada econometricamente (utilizando, para isso, um modelo de lógite, é que, ao contribuir para a redução dos custos transacionais, o nível de capital social afeta o volume de crédito rural. Assim, incentivos, em especial com apoio do setor público, para formação e manutenção de capital social permitiriam aumento da eficiência da intermediação financeira e, em conseqüência, maior desenvolvimento do setor rural.This study analyses the effect of social capital on the volume of contracts in the rural credit market. It discusses how social capital contributes to the reduction of financial intermediation's transaction costs. A logit regression model was used to empirically test the effect of social capital on the volume of rural credit. The results indicate that the level of social capital affects the amount of rural credit. Thus, incentives to further increase and maintain social capital would increment the efficiency of financial intermediation and, as a consequence, help the rural sector's development.

  17. ¿Necesitamos capital social? Sí, pero socializando el capital

    Directory of Open Access Journals (Sweden)

    Silvio Salej Higgins

    2005-07-01

    Full Text Available A partir de O Capital S ocia! está na moda: aná!isepara sua reconstruido teórica (Salej: 2003, ofrecemos una sinopsis sobre la arquitectura teórica de uno de los conceptos más utilizados en las ciencias sociales durante la última década. En el nivel de la discusión sobre las transformaciones de las democracias del primer mundo (putnam: 2001, cuestionamos la tesis básica de que la merma del asociativismo cívico es el resultado de la modernización tecnológica y su concomitante cultura individualista. Por el contrario y en la misma linea de Rothstein (2001, construimos la hipótesis de que la disminución del capital social, denunciada por Putnam (1995, es correlativa al desmantelamiento de las políticas de asistencia social, con la consecuente caída en los indicadores de equidad. De modo prospectivo se presentan las preguntas- clave y las hipótesis para un programa de investigación alternativo y plausible sobre el capital social. Palabras clave: capital social, asociativismo cívico, integración social, equidad.

  18. Cost of capital to the hospital sector.

    Science.gov (United States)

    Sloan, F A; Valvona, J; Hassan, M; Morrisey, M A

    1988-03-01

    This paper provides estimates of the cost of equity and debt capital to for-profit and non-profit hospitals in the U.S. for the years 1972-83. The cost of equity is estimated using, alternatively, the Capital Asset Pricing Model and Arbitrage Pricing Theory. We find that the cost of equity capital, using either model, substantially exceeded anticipated inflation. The cost of debt capital was much lower. Accounting for the corporate tax shield on debt and capital paybacks by cost-based insurers lowered the net cost of capital to hospitals.

  19. O capital agroindustrial catarinense e o Estado

    Directory of Open Access Journals (Sweden)

    Noeli Pertile

    2011-07-01

    Full Text Available A significativa participação do estado de Santa Catarina na atual produção agroindustrial brasileira, especialmente no setor de carnes, é um fato incontestável. Na mesma direção tem sido a representatividade, cada vez maior, de agroindústrias catarinenses no mercado externo. Assim inseridas, grandes empresas mantêm suas relações de produção, industrialização e comercialização nas distintas escalas geográficas, de modo que essas transições resultem no atendimento às suas demandas e aos seus objetivos. No entanto, para que se chegasse ao estágio atual de engajamento socioespacial e econômico, faz-se necessário analisar o processo de formação e consolidação das agroindústrias de carnes do Oeste catarinense e considerar as diversas mudanças promovidas na base econômica regional, resultado de investimentos de diferentes suportes institucionais e financeiros. Para este artigo, desenvolve-se uma análise crítica e explicativa com base no argumento de que o Estado, tanto em âmbito nacional quanto estadual, dispunha de recursos e de articulações com as agroindústrias para direcionar os investimentos almejados por esse capital industrial e passou a intervir na economia com o intuito de facilitar seu processo de acumulação. Sendo assim, o Estado apresenta-se como suporte para o desenvolvimento do capital privado, no caso analisado o capital agroindustrial. Resumé LE CAPITAL AGRO-INDUSTRIEL CATARINENSE ET L’ÉTAT La significative participation de l’état de Santa Catarina dans l’actuelle production agro-industrielle brésilienne, spécialement le secteur de viandes, est un costume incontesté. Dans le même direction ce a été la représentativité, à chaque fois plus grande, d’entreprises catarinenses dans le marché externe. Ainsi d’insérées, grandes entreprises il maintient leurs relations de production, industrialisation et comer cialisation dans les distinctes échelles géographiques de mani

  20. Emerging Forms of Cultural Capital

    DEFF Research Database (Denmark)

    Prieur, Annick; Savage, Mike

    2013-01-01

    This paper takes stock of recent research on patterns of cultural engagement in various European nations, with specific reference to British and Danish research. It argues that Bourdieu's original theorisation of cultural capital in ‘Distinction’ needs to be significantly updated to register...

  1. Cannibals and Animals of Capital

    DEFF Research Database (Denmark)

    Ziegler, Magnus Møller

    2018-01-01

    In this working paper, I provide an alternative to William Clare Roberts's argument (in "Marx's Inferno", 2017) that Marx structured "Capital" based on Dante's "Inferno". In stead I argue that the "socialist infernalism" which Roberts identifies in Marx has its roots in Moses Hess's Feuerbachian ...

  2. TOWARDS THE CAPITAL MARKET UNION

    Directory of Open Access Journals (Sweden)

    Iulian PANAIT

    2015-06-01

    Full Text Available This paper discusses the main characteristics of the proposed Capital Markets Union in Europe, as they are introduced by the European Commission and various authors, and emphasises some important advantages and disadvantages of this project for the developing and frontier markets in UE, especially for Romania.

  3. Laboratory administration--capital budgeting.

    Science.gov (United States)

    Butros, F

    1997-01-01

    The process of capital budgeting varies among different health-care institutions. Understanding the concept of present value of money, incremental cash flow statements, and the basic budgeting techniques will enable the laboratory manager to make the rational and logical decisions that are needed in today's competitive health-care environment.

  4. Measurement of individual social capital

    NARCIS (Netherlands)

    Gaag, Martin Pieter Johannes van der

    2005-01-01

    The last twenty years have seen the idea of social capital blossoming as a popular and promising new look at phenomena in the social sciences. Essentially a theory that explains how and why relational networks are important for the production of outcomes at the individual and collective level,

  5. Varieties of capitalism in crisis?

    DEFF Research Database (Denmark)

    Bruff, Ian; Horn, Laura

    2012-01-01

    In this introduction to the special issue, we provide a brief overview of the two distinct but connected meanings of the phrase ‘varieties of capitalism in crisis’: (1) the crisis of empirical political economies under conditions of capitalist diversity; and (2) the crisis of the institutionalist...

  6. Social Capital and Savings Behaviour

    DEFF Research Database (Denmark)

    Newman, Carol; Tarp, Finn; Van Den Broeck, Katleen

    We explore the extent to which social capital can play a role in imparting information about the returns to saving where potential knowledge gaps and mistrust exists. Using data from Vietnam we find strong evidence to support the hypothesis that information transmitted via reputable social...

  7. School Cheating and Social Capital

    Science.gov (United States)

    Paccagnella, Marco; Sestito, Paolo

    2014-01-01

    In this paper we investigate the relationship between social capital and cheating behaviour in standardized tests. Given the low-stakes nature of these tests, we interpret the widespread presence of cheating as a signal of low trust towards central education authorities and as lack of respect for the rule of law. We find that cheating is…

  8. Qatar - large capital investment planned

    International Nuclear Information System (INIS)

    Roberts, J.

    1996-01-01

    Large capital investments are planned throughout Qatar's energy industry over the next five years totalling $25 billion. This article describes the successful commissioning of Qatar's first liquefied natural gas (LNG) project on time and within budget. The second LNG plant is well underway and plans for a third are under negotiation. (UK)

  9. Solow Residuals Without Capital Stocks

    DEFF Research Database (Denmark)

    Burda, Michael C.; Severgnini, Battista

    2014-01-01

    We use synthetic data generated by a prototypical stochastic growth model to assess the accuracy of the Solow residual (Solow, 1957) as a measure of total factor productivity (TFP) growth when the capital stock in use is measured with error. We propose two alternative measurements based on curren...

  10. Capital Punishment: An International Perspective.

    Science.gov (United States)

    Kaufman, Edy

    1983-01-01

    The debate over the death penalty in the United States has implications beyond our borders. Because of the lack of universal standards governing its use, only those countries which have abolished capital punishment may, with any moral authority, denounce its exploitation as an instrument of political expediency. (IS)

  11. Business model and Intellectual Capital

    DEFF Research Database (Denmark)

    Lindgren, Peter; Saghaug, Kristin Margrethe

    2012-01-01

    When practicing business model (BM) innovation releasing intellectual capital (IC) strategically from SME´s BMs through the innovation process can be extremely difficult and complex to carry out especially to small and medium size enterprises (SME). There are so many opportunities and resources...

  12. Building Social Capital for Internationalization

    Directory of Open Access Journals (Sweden)

    Suzana Braga Rodrigues

    2012-01-01

    Full Text Available Social capital may be defined as social relationships that confer actual or potential benefits. It can therefore beunderstood as a particular type of resource. Recent research has drawn attention to how connections andrelationships (networking both at home and abroad can be crucially important for small and medium-sizedenterprises (SMEs seeking to export or invest abroad. However, relatively little is known about how SMEsinitiate, develop and maintain network relationships. This paper reports a study of 32 British SMEs exporting, orattempting to export, to Brazil and of domestic institutional agencies whose role was to facilitate businessconducted between British and Brazilian SMEs. The study explored both the functions of social capital for theSMEs and the process whereby it was developed. Its findings confirm the value of social capital in internationalentrepreneurship. It can provide information, interpretation, market opportunities, and some degree of protectionagainst the risks associated with foreignness, newness and smallness. The study also confirms the vitalimportance of personal trust in sustaining social capital between small firms.

  13. Social Capital, Institutions and Trust

    NARCIS (Netherlands)

    Nooteboom, B.

    2006-01-01

    This paper analyzes the relations between social capital, institutions and trust.These concepts are full of ambiguity and confusion.This paper attempts to dissolve some of the confusion, by distinguishing trust and control, and analyzing institutional and relational conditions of trust.It presents a

  14. Social Capital. Trust and Ideology

    Directory of Open Access Journals (Sweden)

    Jacek TITTENBRUN

    2013-06-01

    Full Text Available The paper offers a critical analysis of the central concept around which the popular construct of social capital is organised, i.e. trust. To this end the views of Fukuyama, the leading exponent of the said concept are considered. As a result, the concept in question is found to be ideologically charged and substantively weak in many respects.

  15. Social Capital. Trust and Ideology

    OpenAIRE

    TITTENBRUN Jacek

    2013-01-01

    The paper offers a critical analysis of the central concept around which the popular construct of social capital is organised, i.e. trust. To this end the views of Fukuyama, the leading exponent of the said concept are considered. As a result, the concept in question is found to be ideologically charged and substantively weak in many respects.

  16. Organizational networks and social capital

    DEFF Research Database (Denmark)

    Svendsen, Gunnar Lind Haase; Waldstrøm, Christian

    2013-01-01

    , as well as the derived benefits, or losses. Next, the chapter presents an empirical case apt to illustrate the theoretical findings in part one, namely the nineteenth-century Danish Cooperative Dairy Movement (Svendsen and Svendsen 2004). It is demonstrated how social capital among Danish peasants...

  17. Successful Strategies for Capital Campaigns

    Science.gov (United States)

    Grover, Stuart R.

    2007-01-01

    Twenty five years ago, few community or technical colleges considered launching capital campaigns. They lacked community standing, professional fundraising staff, and the related institutional foundation structure to manage charitable efforts. Gradually, as public funding eroded, bond issues became harder to pass, and colleges recognized the need…

  18. Productivity spillovers of organization capital

    NARCIS (Netherlands)

    Chen, Wen; Inklaar, Robert

    Investments in organization capital increase productivity of not just the investing firm but could also spillover to other firms-similar to investments in research and development. Recent evidence at the industry and economy level suggests such spillovers could be important. In this paper, we fail

  19. 76 FR 74631 - Capital Plans

    Science.gov (United States)

    2011-12-01

    ... Financial Statements for Bank Holding Companies (FR Y-9C). This calculation will be effective as of the due... to rely on tentative fourth quarter financial statements in developing its capital plan and suggested... rule applies only to bank holding companies with $50 billion or more of total consolidated assets...

  20. Social capital and community heterogeneity

    NARCIS (Netherlands)

    Coffé, Hilde R.

    2009-01-01

    Abstract Recent findings indicate that more pronounced community heterogeneity is associated with lower levels of social capital. These studies, however, concentrate on specific aspects in which people differ (such as income inequality or ethnic diversity). In the present paper, we introduce the

  1. Liquidity coinsurance and bank capital

    NARCIS (Netherlands)

    Castiglionesi, F.; Feriozzi, F.; Lóránth, G.; Pelizzon, L.

    Banks can deal with their liquidity risk by holding liquid assets (self-insurance), by participating in interbank markets (coinsurance), or by using flexible financing instruments, such as bank capital (risk sharing). We use a simple model to show that undiversifiable liquidity risk, that is, the

  2. Human Capital and Career Success

    DEFF Research Database (Denmark)

    Frederiksen, Anders; Kato, Takao

    2016-01-01

    and Waldman and Lazear. Our analysis allows for both internal promotion and external recruitment as means to achieve top management appointments, and yields additional findings: the breath of human capital is more important in mature firms, as predicted by the theory; and the concept of firm-specific human...

  3. Hospital Capital Investment During the Great Recession.

    Science.gov (United States)

    Choi, Sung

    2017-01-01

    Hospital capital investment is important for acquiring and maintaining technology and equipment needed to provide health care. Reduction in capital investment by a hospital has negative implications for patient outcomes. Most hospitals rely on debt and internal cash flow to fund capital investment. The great recession may have made it difficult for hospitals to borrow, thus reducing their capital investment. I investigated the impact of the great recession on capital investment made by California hospitals. Modeling how hospital capital investment may have been liquidity constrained during the recession is a novel contribution to the literature. I estimated the model with California Office of Statewide Health Planning and Development data and system generalized method of moments. Findings suggest that not-for-profit and public hospitals were liquidity constrained during the recession. Comparing the changes in hospital capital investment between 2006 and 2009 showed that hospitals used cash flow to increase capital investment by $2.45 million, other things equal.

  4. National Capital Planning Commission Library contents

    Data.gov (United States)

    National Capital Planning Commission — The National Capital Planning Commission library catalog is a compilation of titles, authors, years of publication and topics of books, reports and NCPC publications.

  5. Spare Parts Management of Aging Capital Products

    NARCIS (Netherlands)

    M. Hekimoğlu (Mustafa)

    2015-01-01

    textabstractSpare parts are critical for operations of capital products such as aircraft, refineries, trucks, etc/, which require maintenance regularly. Original Equipment Manufacturers (OEMs) bear the responsibility of undisrupted maintenance service and spare parts flow for their capital products.

  6. HUMAN CAPITAL DEVELOPMENT: A STRATEGY FOR MOVING ...

    African Journals Online (AJOL)

    economy” but also “Knowledge economy” via human capital development. She has not been serious with her ... economy, Human capital, Strategy. Introduction. The world is now controlled by the revolution of Information and Communication.

  7. Economic Analysis of Social Common Capital

    Science.gov (United States)

    Uzawa, Hirofumi

    2005-06-01

    Social common capital provides members of society with those services and institutional arrangements that are crucial in maintaining human and cultural life. The term æsocial common capital' is comprised of three categories: natural capital, social infrastructure, and institutional capital. Natural capital consists of all natural environment and natural resources including the earth's atmosphere. Social infrastructure consists of roads, bridges, public transportation systems, electricity, and other public utilities. Institutional capital includes hospitals, educational institutions, judicial and police systems, public administrative services, financial and monetary institutions, and cultural capital. This book attempts to modify and extend the theoretical premises of orthodox economic theory to make them broad enough to analyze the economic implications of social common capital. It further aims to find the institutional arrangements and policy measures that will bring about the optimal state of affairs.

  8. Staged Financing in Venture capital market.

    OpenAIRE

    Damania, Priti

    2009-01-01

    The report shows the venture capital decision making in staged financing from a real option perspective. The report also describes entrepreneur-venture capital relationship from a prisoner's dilemma approach.

  9. Employee Capital:Resource or Reoccurring Nightmare

    OpenAIRE

    Murphy, James Peter

    2005-01-01

    Employee capital need not be a reoccurring nightmare for bar owners if they create a system for managing their employee capital which deals with recruitment, placement, training and development for all hospitality staff members.

  10. Hospital Capital Investment During the Great Recession

    Science.gov (United States)

    Choi, Sung

    2017-01-01

    Hospital capital investment is important for acquiring and maintaining technology and equipment needed to provide health care. Reduction in capital investment by a hospital has negative implications for patient outcomes. Most hospitals rely on debt and internal cash flow to fund capital investment. The great recession may have made it difficult for hospitals to borrow, thus reducing their capital investment. I investigated the impact of the great recession on capital investment made by California hospitals. Modeling how hospital capital investment may have been liquidity constrained during the recession is a novel contribution to the literature. I estimated the model with California Office of Statewide Health Planning and Development data and system generalized method of moments. Findings suggest that not-for-profit and public hospitals were liquidity constrained during the recession. Comparing the changes in hospital capital investment between 2006 and 2009 showed that hospitals used cash flow to increase capital investment by $2.45 million, other things equal. PMID:28617202

  11. Capital Structure of Internet Companies: Case Study

    OpenAIRE

    Miglo, Anton; Liang, Shuting; Lee, Zhenting

    2014-01-01

    We analyze the financing decisions and capital structure of internet companies and relate observed findings to the common capital structure theories. Large internet companies usually have low debt and small internet companies have high debt. We find that the trade-off theory of capital structure, pecking order theory, market timing theory and other theories cannot individually explain a firm’s capital structure. However, they can compliment each other in describing some patterns of observed b...

  12. 75 FR 4635 - Risk-Based Capital Guidelines; Capital Adequacy Guidelines; Capital Maintenance: Regulatory...

    Science.gov (United States)

    2010-01-28

    ... phase-in would unfairly penalize banking organizations given their already established businesses..., will aid banking organizations with capital planning as they implement FAS 166 and FAS 167 and adjust... assets a banking organization consolidates as a result of changes to U.S. generally accepted accounting...

  13. Harnessing the Power of Intellectual Capital.

    Science.gov (United States)

    Bassi, Laurie J.

    1997-01-01

    Describes intellectual capital--employees' brainpower, know-how, knowledge, and processes--and knowledge management--the processes by which a company creates and leverages intellectual capital--as the primary sources of competitive advantage in many industries. Offers ways to measure intellectual capital, a glossary, and additional resources. (JOW)

  14. Three Worlds of Welfare Capitalism or Four?

    OpenAIRE

    Mitchell, Deborah; Castles, Francis

    1991-01-01

    This paper is developed in response to Gosta Esping-Andersen's study, The Three Worlds of Welfare Capitalism (1990), in which he categorizes welfare capitalism as Liberal, Conservative, and Social Democratic. The authors argue that there also exists radical welfare capitalism which describes Australia's welfare state.

  15. School Social Capital and School Effectiveness

    Science.gov (United States)

    Tsang, Kwok-Kuen

    2009-01-01

    This article argues that school social capital is crucial for school effectiveness, but it has been disregarded in the traditional school administrative theory. Therefore, this article tries to illustrate the significance of school social capital to school effectiveness. School social capital is defined as the social resources embedded in internal…

  16. Cognitive Capitalism, Education and Digital Labor

    Science.gov (United States)

    Peters, Michael A., Ed.; Bulut, Ergin, Ed.

    2011-01-01

    Cognitive capitalism--sometimes referred to as "third capitalism," after mercantilism and industrial capitalism--is an increasingly significant theory, given its focus on the socio-economic changes caused by Internet and Web 2.0 technologies that have transformed the mode of production and the nature of labor. The theory of cognitive…

  17. Measuring Social Capital in Hamilton, Ontario

    Science.gov (United States)

    Kitchen, Peter; Williams, Allison; Simone, Dylan

    2012-01-01

    Social capital has been studied by academics for more than 20 years and within the past decade there has been an explosion of growth in research linking social capital to health. This paper investigates social capital in Hamilton, Ontario by way of a telephone survey of 1,002 households in three neighbourhood groups representing high, mixed and…

  18. Measuring Social Capital Accumulation in Rural Development

    Science.gov (United States)

    Teilmann, Kasper

    2012-01-01

    Using a theoretical framework, the study proposes an index that can measure the social capital of local action group (LAG) projects. The index is founded on four indicators: number of ties, bridging social capital, recognition, and diversity, which are aggregated into one social capital index. The index has been tested in LAG-Djursland, Denmark,…

  19. INSURANCE AND THE CORPORATE COST OF CAPITAL

    Directory of Open Access Journals (Sweden)

    Monika Wieczorek-Kosmala

    2012-04-01

    Full Text Available The purpose of the paper is to provide some support to the thesis that insurance may reduce the cost of capital in a company by influencing both the cost of capital components and the need for rising capital. The problem is here perceived from two perspectives – the classical concept related to the weighted average cost of capital (WACC and a novel concept related to the risk-based capital structure model with the total average cost of capital (TACC. The paper explains the idea of insurance as a retrospective (post-loss risk financing tool and the risk transfer mechanism upon it. As the risk financing tool insurance reduces the need for the balance-sheet capital in a company and thus the financial distress costs. Also, insurance may reduce the level of operating risk and thus influences the required returns of the capital providers. These observations allow emphasising the impact of insurance on the WACC. However, according to the novel concept of the risk-based capital structure, insurance (as a risk financing tool represents an off-balance sheet capital component. As a consequence, it extends the volume of total capital. The presented conceptual model, based on the TACC concept, indicates that large volume of insurance (the insurance sum and its relatively low cost (the insurance premium gives the possibility to the significant reduction of the cost of capital on average. The concluding remarks discuss some dilemmas over the utility of the TACC concept.

  20. 12 CFR 725.5 - Capital stock.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 6 2010-01-01 2010-01-01 false Capital stock. 725.5 Section 725.5 Banks and Banking NATIONAL CREDIT UNION ADMINISTRATION REGULATIONS AFFECTING CREDIT UNIONS NATIONAL CREDIT UNION ADMINISTRATION CENTRAL LIQUIDITY FACILITY § 725.5 Capital stock. (a) The capital stock of the Facility is divided...

  1. Heterogeneity of Human Capital and the Return

    DEFF Research Database (Denmark)

    Madsen, Erik Strøjer

    2015-01-01

    Human capital is an important growth factor for developing and developed countries and measuring the return to education is essential in evaluating the growth impact from human capital. Most studies use the length of education measured by the years of schooling as an indicator of human capital...

  2. Venture Capital Initiative: Ohio's School Improvement Effort.

    Science.gov (United States)

    Yoo, Soonhwa; Loadman, William E.

    In 1994 the Ohio State Legislature established Venture Capital to support school restructuring. The Venture Capital school initiative is a concept borrowed from the business community in which the corporate entity provides risk capital to parts of the organization to stimulate creative ideas and to provide opportunities for local entities to try…

  3. Meting, waardering en sturing van human capital

    NARCIS (Netherlands)

    Verbeeten, F.H.M.

    2012-01-01

    Human capital wordt door diverse auteurs gezien als een ‘value driver’. Er is echter weinig bekend over de wijze waarop ondernemingen human capital meten en sturen en hoe beleggers op de kapitaalmarkt reageren op human capital informatie die door ondernemingen wordt verstrekt. In dit artikel wordt

  4. Regulatory capital requirements and bail in mechanisms

    NARCIS (Netherlands)

    Joosen, B.P.M.; Haentjens, M.; Wessels, B.

    2015-01-01

    With the introduction of the Capital Requirements Regulation (CRR) in the European Union, the qualitative requirements for bank regulatory capital have changed. These changes aim at implementing in Europe the Basel III principles for better bank capital that is able to absorb losses of banks,

  5. 78 FR 1991 - Major Capital Investment Projects

    Science.gov (United States)

    2013-01-09

    ... Administration 49 CFR Part 611 Major Capital Investment Projects; Notice of Availability of Proposed New Starts... Capital Investment Projects AGENCY: Federal Transit Administration (FTA), DOT. ACTION: Final rule. SUMMARY... capital investments seeking funding under the discretionary ``New Starts'' and ``Small Starts'' programs...

  6. 75 FR 31383 - Major Capital Investment Projects

    Science.gov (United States)

    2010-06-03

    ...-0009] RIN 2132-AB02 Major Capital Investment Projects AGENCIES: Federal Transit Administration (FTA... current approach to evaluating and rating major capital investment projects (``New Starts'' and ``Small...'' to address identified transportation needs in the corridor without a major capital investment in new...

  7. Social capital in involuntary displacement and resettlement

    NARCIS (Netherlands)

    Navarra, M.Q.; Niehof, A.; Vaart, van der W.

    2013-01-01

    Social capital is often seen as a substitute for lack of other types of capital among poor people. Because of the recognized applicability of the social capital concept and its correlation with the different dimensions of poverty, it has been used in evaluating the adaptation and integration of

  8. HUMAN CAPITAL MANAGEMENT IN A KNOWLEDGE ECONOMY ...

    African Journals Online (AJOL)

    approach in Scientific Research Centers within knowledge based ... Relational Capital (customer capital): represents all the .... measure the economy's human capital by the rates of enrolment in .... skill or ability, a personal characteristic, or a cluster of two or more ..... satisfied with the moral motivation (not financial) of the.

  9. Tiempo y capital financiero en El Capital de Marx

    Directory of Open Access Journals (Sweden)

    Boris Salazar

    2018-06-01

    Full Text Available Este artículo sugiere que la metamorfosis de las deudas en derivados y títulos financieros, y de estos en deudas, genera redes de activos y obligaciones, que inducen la emergencia de distintos tiempos del capital, articulados en un sistema complejo, cuya dinámica hace posible sincronizarlos en forma de crisis de carácter global. La crisis se trata como un cambio de estado en un sistema complejo, precipitada por la conectividad generada por el apalancamiento creciente. Es un desarrollo de las teorías de la crisis y de la socialización de la deuda planteadas por Marx en El Capital.

  10. Psychological Capital, Career Identity and Graduate Employability in Uganda: The Mediating Role of Social Capital

    Science.gov (United States)

    Ngoma, Muhammad; Dithan Ntale, Peter

    2016-01-01

    This paper seeks to evaluate the relationship between psychological capital, career identity, social capital and graduate employability. We also seek to evaluate the mediating role of social capital on the relationships between psychological capital, career identity and graduate employability in Uganda. A population of 480 unemployed young people…

  11. KONTRIBUSI HUMAN CAPITAL dan CUSTOMER CAPITAL DALAM MENGGAPAI KINERJA CAFÉ dan RESTO di SURABAYA

    Directory of Open Access Journals (Sweden)

    Gendut Sukarno

    2016-11-01

    Berdasarkan hasil pengolahan data diketemukan bahwa 1 human capital mampu memberikan kontribusi yang berarti terhadap customer capital. 2 Customer capital mampu memberikan kontribusi yang berarti terhadap kinerja café dan resto di Surabaya, 3 human capital mampu memberikan kontribusi yang berarti terhadap kinerja café dan resto di Surabaya.

  12. The effect of human capital, social capital, and perceptual values on nascent entrepreneurs' export intentions

    DEFF Research Database (Denmark)

    Christensen, Poul Rind; Evald, Majbritt Rostgaard; Klyver, Kim

    2011-01-01

    This study investigates the influence of human capital, social capital, and cognition on nascent entrepreneurs' export intentions. The results indicate that while human capital and social capital influence the level of intended export, cognitive characteristics, such as self-efficacy and risk...

  13. Access to capital and capital structure of the firm

    Czech Academy of Sciences Publication Activity Database

    Shamshur, Anastasiya

    -, č. 429 (2010), s. 1-36 ISSN 1211-3298 R&D Projects: GA ČR GA402/09/1595; GA MŠk LC542 Grant - others:MŠk(CZ) SVV-2010-261801 Institutional research plan: CEZ:MSM0021620846 Keywords : capital structure * financing decisions * credit constraints * Eastern Europe Subject RIV: AH - Economics http://www.cerge-ei.cz/pdf/wp/Wp429.pdf

  14. Measuring Social Capital Investment: Scale Development and Examination of Links to Social Capital and Perceived Stress

    Science.gov (United States)

    Wegner, Rhiana; Gong, Jie; Fang, Xiaoyi; Kaljee, Linda

    2014-01-01

    Individuals with greater social capital have better health outcomes. Investment in social capital likely increases one’s own social capital, bearing great implications for disease prevention and health promotion. In this study, the authors developed and validated the Social Capital Investment Inventory (SCII). Direct effects of social capital investment on perceived stress, and indirect effects through social capital were examined. 397 Participants from Beijing and Wuhan, China completed surveys. Analyses demonstrated that the SCII has a single factor structure and strong internal consistency. Structural equation modeling showed that individuals who invested more in social capital had greater bonding social capital, and subsequently less perceived stress. Results suggest that disease prevention and health promotion programs should consider approaches to encourage social capital investment; individuals may be able to reduce stress by increasing their investment in social capital. Future research is needed to provide additional empirical support for the SCII and observed structural relationships. PMID:25648725

  15. A different capitalism? : Guanxi-capitalism and the importance of family in modern China

    OpenAIRE

    Rühle, Susanne

    2011-01-01

    The emergence of Capitalism is said to always lead to extreme changes in the structure of a society. This view implies that Capitalism is a universal and unique concept that needs an explicit institutional framework and should not discriminate between a German or US Capitalism. In contrast, this work argues that the ‘ideal type’ of Capitalism in a Weberian sense does not exist. It will be demonstrated that Capitalism is not a concept that shapes a uniform institutional framework within every ...

  16. Impact of family capital & social capital on youth entrepreneurship – a study of Uttarakhand state, India

    OpenAIRE

    Sharma, Lalit

    2014-01-01

    The research paper intends to interpret how the three forms of family capital viz. family's financial capital, family's man power capital and family's human capital influences the career choice intention of students of HEI's of Uttarakhand, India. Additionally the study also evaluates the impact of student's individual social capital on his career intent. This is a quantitative study conducted at Uttarakhand state of India on a large sample of students studying in various professional courses...

  17. International working capital practices of Ghanaian firms

    Directory of Open Access Journals (Sweden)

    J. Abor

    2005-12-01

    Full Text Available International working capital management is important to firms frequently operating in the international market. This article investigates the international working capital practices of top Ghanaian firms involved in international trade. The objective of the study is to ascertain the extent to which Ghanaian firms use international working capital management vehicles. The article focuses on two main areas of international working capital management; international cash management and international sales and accounts receivables management. The results of this study reveal low level of use of international working capital vehicles among Ghanaian firms. Recommendations are made in this regard.

  18. How to choose the right capitalization option.

    Science.gov (United States)

    Vaughan, J; Wise, J

    1996-12-01

    Physician group practices and networks must have ready access to capital to finance their working capital needs, capital equipment acquisitions, and real estate purchases, as well as to fund the acquisition of additional practices. At least three options for capitalization are available to group practices and networks: debt financing, equity financing, or a combination of the two. The best option for physician group practices and networks depends on the costs of capital and the impact the strategy will have on decision making and governance.

  19. Human Capital and Organizational Effectiveness

    Directory of Open Access Journals (Sweden)

    Ioana Julieta Josan

    2013-05-01

    Full Text Available The new organizational changes caused by social, economic and politic reforms led to a shift in the strategic management of the companies. The growing need for professionals, who know how to generate profits, is growing and increase confidence of partners and clients, find new ideas and adapt to a dynamic market. Therefore, internally, we need an efficient management of human resources to find and retain the most suitable and efficient people which will increase productivity and face the increased acting globally competition. Currently, companies that succeed are the ones that integrate in their business strategy, an important component of development and valuation human capital. The paper aims to analyze and highlight the importance of human capital in the new organizational strategies, focused on achieving a high level of competitiveness, innovation and excellence.

  20. Ethics, Intellectual Capital & Knowledge Management

    Directory of Open Access Journals (Sweden)

    José Manuel Saíz Álvarez

    2012-08-01

    Full Text Available Rev.esc.adm.neg Resultado del proceso de globalización económica actual, unido al inicio de la denominada «Primera Crisis Global (PCG, cada vez es mayor la importancia del capital intelectual en las organizaciones, tanto por las ventajas competitivas que genera para la organización, como por permitir que la empresa pueda lograr posiciones de liderazgo sostenible en el tiempo. Dicho capital intelectual se inserta dentro de las organizaciones siguiendo una doble perspectiva basada en la ética y en la gestión del conocimiento. El objetivo de este trabajo es analizar cuáles son las bases que, desde una gestión del conocimiento basado en la ética aplicada a la empresa, permiten construir organizaciones líderes en el mercado global.

  1. Share capitalism and worker wellbeing.

    Science.gov (United States)

    Bryson, Alex; Clark, Andrew E; Freeman, Richard B; Green, Colin P

    2016-10-01

    We show that worker wellbeing is determined not only by the amount of compensation workers receive but also by how compensation is determined. While previous theoretical and empirical work has often been preoccupied with individual performance-related pay, we find that the receipt of a range of group-performance schemes (profit shares, group bonuses and share ownership) is associated with higher job satisfaction. This holds conditional on wage levels, so that pay methods are associated with greater job satisfaction in addition to that coming from higher wages. We use a variety of methods to control for unobserved individual and job-specific characteristics. We suggest that half of the share-capitalism effect is accounted for by employees reciprocating for the "gift"; we also show that share capitalism helps dampen the negative wellbeing effects of what we typically think of as "bad" aspects of job quality.

  2. Capital, population and urban patterns.

    Science.gov (United States)

    Zhang, W

    1994-04-01

    The author develops an approach to urban dynamics with endogenous capital and population growth, synthesizing the Alonso location model, the two-sector neoclassical growth model, and endogenous population theory. A dynamic model for an isolated island economy with endogenous capital, population, and residential structure is developed on the basis of Alonso's residential model and the two-sector neoclassical growth model. The model describes the interdependence between residential structure, economic growth, population growth, and economic structure over time and space. It has a unique long-run equilibrium, which may be either stable or unstable, depending upon the population dynamics. Applying the Hopf theorem, the author also shows that when the system is unstable, the economic geography exhibits permanent endogenous oscillations.

  3. MAPPING EUROPEAN CAPITAL MARKETS TENDENCIES

    Directory of Open Access Journals (Sweden)

    Andreea Avadanei

    2011-01-01

    Full Text Available The scope of this paper is to analyze the main tendencies influencing European capitalmarkets development. In order to point out their implications, we structured our study onfour chapters. The first one illustrates the consolidation of stock exchanges at the Europeanlevel; the seconds presents some considerations about the deregulation/re-regulation of EUcapital markets; the third section highlights the globalization implications on their evolutionand the fourth one indicates the effects of financial innovation. The progressive integrationof European capital markets over the past decade contributed to the lowering of capital costas a result of increased risk diversification opportunities and reduced transaction costs dueto the specialization of financial system provisions. Moreover, the expansion of thesemarkets improved firms financing decisions, leading to an increased share of non-bankfunding sources.

  4. Human capital in nuclear industry

    International Nuclear Information System (INIS)

    Anon.

    2010-01-01

    On June 7, 2010, as part of the Atomexpo 2010 exhibition, a round-table discussion took place on the topic Human capital in the nuclear industry: challenges and solutions. The article summarizes reports made during the meeting. Tatiana Kozhevnikova, deputy director general of the Rosatom Corporation, made a report about the strategy and best human resource management practices in member companies of the Corporation. She briefly described the state of the human capital in the Russian nuclear industry and outlined the key provisions of the human resource management strategy. Attendees to the round-table discussion elaborated further on the key statements of the report. The discussion has given an evidence that the Russian nuclear industry is giving an enormous importance to human resource management and is firmly intended on successfully tacking the issues associated with the provision of sufficient staff for the industry's safe and efficient development [ru

  5. From Finance Capitalism to Financialization

    DEFF Research Database (Denmark)

    Hansen, Per H.

    2014-01-01

    In this article I interpret 150 years of financial history with a focus on shifts in the role of finance in society. I argue that over time the role of finance has shifted twice from that of servant to that of master of society, and that this process has been driven by sense making through...... narratives that legitimized and shaped these changes. When finance became a master rent seeking, cultural capture and out-of control financial innovation resulted in financial and social instability. Finance as a master was the characteristic of finance capitalism from around 1900......–1931 and of financialization from around 1980 to today. Finance capitalism and financialization were enabled by a dominant narrative that legitimized the power of finance. The shifts in the role of finance happened when crises undermined the meaning of the existing narrative and created for a new narrative able to make sense...

  6. Ciemat Relational Capital: Institutional Presence

    International Nuclear Information System (INIS)

    Vaquero Ortiz, E. M.; González Pineda, L. M.; Cascante Díaz, E.

    2015-01-01

    The resources in any organization for its activity development can be divided into two main groups: tangible assets and intangible assets. In recent decades there has been a recognition of the importance of the intangible assets as value generators for the development and growth of organizations. And the so called Relational Capital is among them Relational Capital arises from the relationship processes that an organization maintains with external agents. Thus, in the case of a public research institution, such as CIEMAT, it includes the relations with projects financing organizations, with partners and with customers (both public and private entities which are serviced), as well as the institutional presence understood as the participation in discussion and coordination forums (foundations, associations, committees…). This report presents a study of CIEMAT institutional presence in the year 2015.

  7. Capital budgeting practices in Spain

    Directory of Open Access Journals (Sweden)

    Pablo de Andrés

    2015-01-01

    Full Text Available This paper seeks to shed further light on the capital budgeting techniques used by Spanish companies. Our paper posits that the gap between theory and practice might be related to the nature of sources of value and to the efficiency of mechanisms aligning managerial and shareholder incentives, rather than to resource restrictions or model misinterpretation. We analyze data from a survey conducted in 2011, the final sample comprising 140 non-financial Spanish firms. Our findings show a behaviour pattern similar to that reported in prior research for firms in other countries. Particularly noteworthy is that payback appears to be the most widely used tool, while real options are used relatively little. Our results confirm that size and industry are related to the frequency of use of certain capital budgeting techniques. Further, we find that the relevance of growth opportunities and flexibility is an important factor explaining the use of real options.

  8. Capital Markets Union for Europe

    DEFF Research Database (Denmark)

    Ringe, Georg

    2015-01-01

    The merits of the “Capital Markets Union” project lie with its political importance, rather than its legal coherence or significance. Despite a number of substantial flaws, the initiation of this project comes at the right time. The Commission first and foremost sends a political message to the UK...... and other non-Euro Member States, as well as a commitment to the Single Market....

  9. Essays on Corporate Capital Structure

    OpenAIRE

    Albul, Boris

    2012-01-01

    This dissertation studies capital structure decisions of levered and unlevered firms using the modeling framework of Leland (1994). The first chapter, Cash Holdings and Financial Constraints, focuses on optimal management of cash holdings by equity holders of a levered, financially constrained firm. I add financial constraints as a market friction to the traditional model. A financially constrained firm is not able to issue new equity to subsidize net operating losses and is subject to pre...

  10. Immigrant Capital and Entrepreneurial Opportunities

    OpenAIRE

    Malavika Sundararajan; Binod Sundararajan

    2016-01-01

    Objective: The main objective of this study is to define and operationalize the concept of immigrant capital, a key factor that differentiates immigrant from host country entrepreneurs in how they recognize and start new ventures. Research Design & Methods: A detailed analysis of contemporary immigrant entrepreneurship and opportunity recognition literature was carried out. Using grounded theory, we synthesized the outcomes from the analysis of eight Canadian and U.S. case studies of successf...

  11. Capital Structure and Stock Returns

    OpenAIRE

    Ivo Welch

    2002-01-01

    U.S. corporations do not issue and repurchase debt and equity to counteract the mechanistic effects of stock returns on their debt-equity ratios. Thus over one- to five-year horizons, stock returns can explain about 40 percent of debt ratio dynamics. Although corporate net issuing activity is lively and although it can explain 60 percent of debt ratio dynamics (long-term debt issuing activity being most capital structurerelevant), corporate issuing motives remain largely a mystery. When stock...

  12. Loja musical capital of Ecuador

    Directory of Open Access Journals (Sweden)

    María Eugenia Rodríguez Guerrero

    2016-12-01

    Full Text Available In the slang language of Lojanos, it is said that Loja is the musical capital of Ecuador. thesis or clich´e, which has led to write the present article to find the theoretical empirical support and practices that support it, constituting it in research object and recommend to the future the innovations that need to be introduced in order to sustain and strengthen this place of Loja. This first approach has as a problem What does Loja provides, that distinguish from the rest of the provinces of Ecuador in the musical field, to be considered its capital? This first delivery aims to build a framework of computer concepts that open up posterity to a field of research on music and that translate into policies, plans and programs that empower it. They develop three concepts derived from the thesis: the power to construct music that refers to the generic and specific competences in different instruments and genres, the amount of music that is produced and the human talent in musical formation that is developed in Loja. Empirical evidence is collected to corroborate or reject the hypothesis: Loja is the musical capital of Ecuador. Data are collected on musical skills and compared at the global level, as well as music production and music training scenarios. At the end the hypothesis is checked. The task of the Lojanos is to innovate the capital. Keywords: Music, musical competitions, musical talent in training, amount of music, musicalperformance, musical instrument, songs.

  13. Spiritual Capital: Novelty and Tradition

    Directory of Open Access Journals (Sweden)

    Magdalena Bosch

    2015-04-01

    Full Text Available The article analyzes the most relevant versions of spiritual capital, the aspects they share, and the way in which some of them are linked to religion while others are not. It describes the multidimensional nature of the notion, which leads to a theory of profound motivation that is strongly rooted in the person. This intrinsic dimensión of motivation proves to be decisive for ethical theories of virtue inspired in Aristotle, which emphasize the internal aspect of behavior.

  14. 13 CFR 108.230 - Private Capital for NMVC Companies.

    Science.gov (United States)

    2010-01-01

    ... VENTURE CAPITAL (âNMVCâ) PROGRAM Qualifications for the NMVC Program Capitalizing A Nmvc Company § 108.230 Private Capital for NMVC Companies. (a) General. Private Capital means the contributed capital of a NMVC... 13 Business Credit and Assistance 1 2010-01-01 2010-01-01 false Private Capital for NMVC Companies...

  15. The Opportunity Cost of Capital

    Directory of Open Access Journals (Sweden)

    Ayman Chit PhD

    2015-04-01

    Full Text Available The opportunity cost of the capital invested in pharmaceutical research and development (R&D to bring a new drug to market makes up as much as half the total cost. However, the literature on the cost of pharmaceutical R&D is mixed on how, exactly, one should calculate this “hidden” cost. Some authors attempt to adopt models from the field of finance, whereas other prominent authors dismiss this practice as biased, arguing that it artificially inflates the R&D cost to justify higher prices for pharmaceuticals. In this article, we examine the arguments made by both sides of the debate and then explain the cost of capital concept and describe in detail how this value is calculated. Given the significant contribution of the cost of capital to the overall cost of new drug R&D, a clear understanding of the concept is critical for policy makers, investors, and those involved directly in the R&D.

  16. Limits to productive capital investments

    International Nuclear Information System (INIS)

    Seifritz, W.

    1984-07-01

    The rise in the specific capital costs of nuclear power plants has caused concern in all industrialized countries in the past few years. Although the amount of this rise differed and at least did not jeopardize the cost edge of nuclear power in Europe, it did result in cost advantages of coal over nuclear power in a number of Federal States in the USA. The cost development in nuclear power plant construction up to the present level of capital costs was due chiefly to intolerable extensions of construction periods as a consequence of dragging licensing procedures, most of them entailing additional conditions which were partly a matter of dispute. There is broad agreement on the need to not detract from the nuclear safety level now attained, but also on the inability to increase it further by any significant margin. It has become evident in the past that, from a certain level onward, additional measures may in fact reduce the level of safety. In this contribution an attempt is made to delineate the framework of reasonable capital expenditure. From this point of departure, realistic considerations of safety and environmental protection can be made for future orientation. (orig.)

  17. The Opportunity Cost of Capital

    Science.gov (United States)

    Chit, Ayman; Chit, Ahmad; Papadimitropoulos, Manny; Krahn, Murray; Parker, Jayson; Grootendorst, Paul

    2015-01-01

    The opportunity cost of the capital invested in pharmaceutical research and development (R&D) to bring a new drug to market makes up as much as half the total cost. However, the literature on the cost of pharmaceutical R&D is mixed on how, exactly, one should calculate this “hidden” cost. Some authors attempt to adopt models from the field of finance, whereas other prominent authors dismiss this practice as biased, arguing that it artificially inflates the R&D cost to justify higher prices for pharmaceuticals. In this article, we examine the arguments made by both sides of the debate and then explain the cost of capital concept and describe in detail how this value is calculated. Given the significant contribution of the cost of capital to the overall cost of new drug R&D, a clear understanding of the concept is critical for policy makers, investors, and those involved directly in the R&D. PMID:25933615

  18. Evaluation of <em>HER2em> Gene Amplification in Breast Cancer Using Nuclei Microarray <em>in em>S>itu em>Hybridization

    Directory of Open Access Journals (Sweden)

    Xuefeng Zhang

    2012-05-01

    Full Text Available Fluorescence<em> em>>in situ em>hybridization (FISH assay is considered the “gold standard” in evaluating <em>HER2/neu (HER2em> gene status. However, FISH detection is costly and time consuming. Thus, we established nuclei microarray with extracted intact nuclei from paraffin embedded breast cancer tissues for FISH detection. The nuclei microarray FISH (NMFISH technology serves as a useful platform for analyzing <em>HER2em> gene/chromosome 17 centromere ratio. We examined <em>HER2em> gene status in 152 cases of invasive ductal carcinomas of the breast that were resected surgically with FISH and NMFISH. <em>HER2em> gene amplification status was classified according to the guidelines of the American Society of Clinical Oncology and College of American Pathologists (ASCO/CAP. Comparison of the cut-off values for <em>HER2em>/chromosome 17 centromere copy number ratio obtained by NMFISH and FISH showed that there was almost perfect agreement between the two methods (κ coefficient 0.920. The results of the two methods were almost consistent for the evaluation of <em>HER2em> gene counts. The present study proved that NMFISH is comparable with FISH for evaluating <em>HER2em> gene status. The use of nuclei microarray technology is highly efficient, time and reagent conserving and inexpensive.

  19. A New Natural Lactone from <em>Dimocarpus> <em>longan> Lour. Seeds

    Directory of Open Access Journals (Sweden)

    Zhongjun Li

    2012-08-01

    Full Text Available A new natural product named longanlactone was isolated from <em>Dimocarpus> <em>longan> Lour. seeds. Its structure was determined as 3-(2-acetyl-1<em>H>-pyrrol-1-yl-5-(prop-2-yn-1-yldihydrofuran-2(3H-one by spectroscopic methods and HRESIMS.

  20. Where's the capital? A geographical essay.

    Science.gov (United States)

    Jones, Gareth A

    2014-12-01

    This paper is inspired by Thomas Piketty's book Capital in the Twenty-First Century. Piketty does a wonderful job of tracing income and wealth over time, and relating changes to trends of economic and population growth, and drawing out the implications for inequality, inheritance and even democracy. But, he says relatively little about where capital is located, how capital accumulation in one place relies on activities elsewhere, how capital is urbanized with advanced capitalism and what life is like in spaces without capital. This paper asks 'where is the geography in Capital' or 'where is the geography of capital in Capital'? Following Piketty's lead, the paper develops its analysis through a number of important novels. It examines, first, the debate that Jane Austen ignored colonialism and slavery in her treatment of nineteenth century Britain, second, how Balzac and then Zola provide insight to the urban political economy of capital later in the century, and third, how Katherine Boo attends to inequality as the everyday suffering of the poor. © London School of Economics and Political Science 2014.

  1. Social capital, economics, and health: new evidence.

    Science.gov (United States)

    Scheffler, Richard M; Brown, Timothy T

    2008-10-01

    In introducing this Special Issue on Social Capital and Health, this article tracks the popularization of the term and sheds light on the controversy surrounding the term and its definitions. It sets out four mechanisms that link social capital with health: making information available to community members, impacting social norms, enhancing the health care services and their accessibility in a community, and offering psychosocial support networks. Approaches to the measurement of social capital include the Social Capital Community Benchmark Survey (SCCBS) developed by Robert Putnam, and the Petris Social Capital Index (PSCI), which looks at community voluntary organizations using public data available for the entire United States. The article defines community social capital (CSC) as the extent and density of trust, cooperation, and associational links and activity within a given population. Four articles on CSC are introduced in two categories: those that address behaviors -- particularly utilization of health services and use of tobacco, alcohol, and drugs; and those that look at links between social capital and physical or mental health. Policy implications include: funding and/or tax subsidies that would support the creation of social capital; laws and regulations; and generation of enthusiasm among communities and leaders to develop social capital. The next steps in the research programme are to continue testing the mechanisms; to look for natural experiments; and to find better public policies to foster social capital.

  2. O capital humano e o desenvolvimento econômico

    Directory of Open Access Journals (Sweden)

    Beatriz Maria Witkowski

    2007-07-01

    Full Text Available Um ambiente competitivo de negócios é decorrência cada vez maior de uma administração eficaz do capital humano. Estrutura, tecnologia, recursos financeiros e materiais são aspectos meramente físicos e inertes que precisam ser administrados inteligentemente por meio das pessoas que constituem a organização. A Teoria do Capital Humano é uma derivação da Teoria Econômica Neoclássica e, ao mesmo tempo, uma atualização, do axioma liberal do indivíduo livre, soberano e racional. Ressurgiu com a crise do modelo tayloris ta-fordis ta, associada à redefinição das relações de trabalho na empresa e do papel do sistema educacional. A qualidade dos funcionários de uma organização, seus conhecimentos e habilidades, entusiasmo e satisfação com seus cargos, seu senso de iniciativa para gerar riqueza, tudo isso tem forte impacto na produtividade da organização, no nível de serviço ao cliente, na reputação e na competitividade. Para qualquer que seja a área empresarial escolhida, o futuro administrador necessita ter uma visão sobre como lidar com assuntos relacionados com pessoas para alcançar o seu sucesso profissional e levar a sua organização rumo à excelência e à competitividade. Em seu conjunto, as pessoas constituem o capital humano da organização. Esse capital pode valer mais ou valer menos, na medida em que contenha talentos capazes de agregar valor à organização e torná-la mais ágil e competitiva. Portanto, esse capital vale mais na medida em que consiga influenciar as ações e os destinos da organização. A era da informação torna o trabalho menos físico e mais mental, pois as pessoas deixaram de ser fornecedoras de mão-de-obra para serem alçadas à categoria de fornecedoras de conhecimento e de competências. Do mesmo modo que o capital humano é relevante para a sociedade e para as organizações, observa-se que o desenvolvimento econômico também possui um papel de suma importância. Define

  3. Corporate Governance and determinants of capital structure: empirical evidence from Brazilian markets

    OpenAIRE

    SILVEIRA, Alexandre Di Miceli da; PEROBELLI, Fernanda Finotti Cordeiro; BARROS, Lucas Ayres Barreira de Campos

    2008-01-01

    Este estudo investiga empiricamente a influência das práticas de Governança Corporativa [GC] das empresas sobre sua estrutura de capital. A qualidade da governança é mensurada por um índice abrangente proposto em pesquisa anterior e construído para uma amostra de empresas brasileiras com ações negociadas na Bovespa. Modela-se explicitamente, ademais, a possível causalidade bidirecional entre os construtos de interesse, na medida em que, como sugere a literatura especializada, a estrutura de c...

  4. Platform capitalism: The intermediation and capitalization of digital economic circulation

    Directory of Open Access Journals (Sweden)

    Paul Langley

    2017-10-01

    Full Text Available A new form of digital economic circulation has emerged, wherein ideas, knowledge, labour and use rights for otherwise idle assets move between geographically distributed but connected and interactive online communities. Such circulation is apparent across a number of digital economic ecologies, including social media, online marketplaces, crowdsourcing, crowdfunding and other manifestations of the so-called ‘sharing economy’. Prevailing accounts deploy concepts such as ‘co-production’, ‘prosumption’ and ‘peer-to-peer’ to explain digital economic circulation as networked exchange relations characterised by their disintermediated, collaborative and democratising qualities. Building from the neologism of platform capitalism, we place ‘the platform’ – understood as a distinct mode of socio-technical intermediary and business arrangement that is incorporated into wider processes of capitalisation – at the centre of the critical analysis of digital economic circulation. To create multi-sided markets and coordinate network effects, platforms enrol users through a participatory economic culture and mobilise code and data analytics to compose immanent infrastructures. Platform intermediation is also nested in the ex-post construction of a replicable business model. Prioritising rapid up-scaling and extracting revenues from circulations and associated data trails, the model performs the structure of venture capital investment which capitalises on the potential of platforms to realise monopoly rents.

  5. Reference Gene Selection in the Desert Plant <em>Eremosparton songoricuem>m>

    Directory of Open Access Journals (Sweden)

    Dao-Yuan Zhang

    2012-06-01

    Full Text Available <em>Eremosparton songoricum em>(Litv. Vass. (<em>E. songoricumem> is a rare and extremely drought-tolerant desert plant that holds promise as a model organism for the identification of genes associated with water deficit stress. Here, we cloned and evaluated the expression of eight candidate reference genes using quantitative real-time reverse transcriptase polymerase chain reactions. The expression of these candidate reference genes was analyzed in a diverse set of 20 samples including various <em>E. songoricumem> plant tissues exposed to multiple environmental stresses. GeNorm analysis indicated that expression stability varied between the reference genes in the different experimental conditions, but the two most stable reference genes were sufficient for normalization in most conditions.<em> EsEFem> and <em>Esα-TUB> were sufficient for various stress conditions, <em>EsEF> and <em>EsACT> were suitable for samples of differing germination stages, and <em>EsGAPDH>and <em>Es>UBQ em>were most stable across multiple adult tissue samples. The <em>Es18Sem> gene was unsuitable as a reference gene in our analysis. In addition, the expression level of the drought-stress related transcription factor <em>EsDREB2em>> em>verified the utility of<em> E. songoricumem> reference genes and indicated that no single gene was adequate for normalization on its own. This is the first systematic report on the selection of reference genes in <em>E. songoricumem>, and these data will facilitate future work on gene expression in this species.

  6. The Capitalism, Rent and Democracy

    Directory of Open Access Journals (Sweden)

    Victor S. Martyanov

    2017-03-01

    Full Text Available By inertia, which derives from Adam Smith, modern capitalism is described as a free-market competition. This historical model has worked while the market expands and the availability of resources increases. It provided the opportunity to maintain the political order of the welfare state as a form of non-economic egalitarian distribution of resources, which mitigates inequality and class antagonisms generated by market. However, once capitalism has engulfed the whole world, it is more prone to crises: competition intensifies, markets of demand and market outlets do not expand, technological progress creates a growing structural unemployment, economic growth due to the completion of the global village-city transition stagnates, the resources of all the peripheries are almost exhausted. As a result, nationalism and protectionism arise, the polarization between the global center and the periphery increases, and there comes the image of undemocratic and non-egalitarian labor less society on the horizon of the future, with the precariat and the unemployed growing in numbers and demanding large amounts of rent to maintain their livelihoods. Due to this, the market model of capitalism is gradually transforming into a rental one, where the pursuit of profit, the main motivational factor intrinsic to the market, is removed by the pursuit of rent and the redistribution of markets by non-economic ways. In this context, the state becomes the key economic actor, which distributes resources by extra-market means within the hierarchy of rental groups that form the framework of a new structure of the political community.

  7. Piketty's capital and social policy.

    Science.gov (United States)

    Piachaud, David

    2014-12-01

    Piketty's Capital (2014) primarily describes and analyses changes in the distribution of wealth and annual incomes. This paper focuses on his policy proposals that make up Part Four of the book. Piketty defends the 'social state' but he discusses it largely in terms of distribution and redistribution between tax units. This neglects the important role of social policy in promoting recognition and redistribution of income and opportunities that is related to gender, race, disability and sexual orientation. Nor does Piketty consider inequalities in health which effect life-time incomes, nor the impact of housing policies on house prices and the distribution of wealth. It is argued that Piketty's approach to social security is simplistic and plays down the complexity of competing policy goals. On taxation, Piketty defends progressive taxation and proposes a global capital levy. The latter proposal runs into formidable problems in seeking global taxation in a world of nation states. Rather than seeking a policy that is, for the foreseeable future, wholly politically impractical, a case is made for less idealistic but more practical and urgent tax coordination between nations to address the widespread avoidance of taxation that large corporations and the very wealthy are now permitted - taxation on which the future of the social state depends. The importance of human and social capital, which are largely set aside by Piketty, are discussed. Finally,it is argued that his approach to policy is to describe trends and propose amelioration of growing inequality rather than to identify causes of the trends and propose policies that might address the causes. Nevertheless, the importance of his work in bringing issues of inequality to the fore, especially among economists, is recognized and applauded. © London School of Economics and Political Science 2014.

  8. Subsunção do trabalho imaterial ao capital

    Directory of Open Access Journals (Sweden)

    Eleutério F. S. Prado

    Full Text Available O presente artigo examina a transformação do modo de produção capitalista que acompanha a expansão do trabalho imaterial como fonte de geração de riqueza efetiva. Essa avaliação é feita no interior da teoria do valor-trabalho e da crítica da economia política. Para tanto, interroga, primeiro, o verdadeiro impacto da informatização na natureza capitalista dos processos produtivos atualmente em andamento, principalmente nos países centrais. Compara, depois, as principais características da indústria taylorista com as características marcantes da indústria pós-taylorista. Ao final, conclui que uma transformação importante do sistema capitalista está em curso: a grande indústria, tal como foi caracterizada por Marx em O Capital, não predomina mais nos países do centro do sistema, pois o que aí prevalece agora é a pós-grande indústria.

  9. MOVIMENTOS PENDULARES E ACUMULAÇÃO DO CAPITAL

    Directory of Open Access Journals (Sweden)

    Guilherme Marini Perpetua

    2012-04-01

    Full Text Available A temática da mobilidade tem ganhado relevância especial na era da globalização e dentro dela, destacam-se os fluxos humanos sobre o espaço geográfico, ampliados em densidade, intensidade e ritmo. Parte importante desses fluxos é constituída por trabalhadores que se sujeitam ao deslocamento constante em busca de melhores condições de trabalho e renda. Em síntese esta mobilidade do trabalho tem sido interpretada, partindo de duas principais correntes teóricas: a de base neoclássica e a de base marxista, ambas com distintas acepções de trabalho, mercado e espaço geográfico. Neste artigo voltamos nossa atenção para os movimentos pendulares, uma forma específica de mobilidade do trabalho, e buscamos oferecer nova interpretação sobre eles, entendendo-os como parte essencial da reprodução ampliada do capital que se consubstancia na escala local. Para tanto, serão contrapostas as duas correntes teóricas citadas, a partir do que adotaremos a compreensão marxista de mobilidade e de desenvolvimento espacial, chegando finalmente a um esboço de conceituação a partir da relação entre esses dois elementos e o fenômeno da pendularidade.

  10. Capital psicológico

    OpenAIRE

    Salessi, Solana

    2013-01-01

    El término “capital”, originalmente utilizado en el campo de la economía y las finanzas, constituye un vocablo ampliamente difundido para representar diversos dominios. En este sentido, por ejemplo, la expresión “capital psicológico” es utilizada por los psicólogos organizacionales para designar los recursos psíquicos individuales que representan la valoración positiva de las circunstancias y la probabilidad de éxito basada en el esfuerzo y la perseverancia. En el marco de la psicología organ...

  11. Capital planning for clinical integration.

    Science.gov (United States)

    Grauman, Daniel M; Neff, Gerald; Johnson, Molly Martha

    2011-04-01

    When assessing the financial implications of a physician alignment and clinical integration initiative, a hospital should measure the initiative's potential ROI, perhaps best using a combination of net present value and payback period. The hospital should compare its own historical and projected performance with rating agency median benchmarks for key financial indicators of profitability, debt service, capital and cash flow, and liquidity. The hospital should also consider potential indirect benefits, such as retained outpatient/ancillary revenue, increased inpatient revenue, improved cost control, and improved quality and reporting transparency.

  12. Venture Capital and Industrial ''Innovation''

    OpenAIRE

    Hirukawa, Masayuki; Ueda, Masako

    2008-01-01

    For the sample period of 1965-1992, Kortum and Lerner (2000) find that venture capital (VC) investments have a positive impact on patent count at industry level, and this impact is larger than that of R&D expenditures. We confirm that this positive impact continued to be present and became even stronger in late 90s during which VC industry experienced an unprecedented growth. We then proceed to study if this positive impact of VC is also present on productivity growth, which is a measure of i...

  13. Changing Endogenous Development: the Territorial Capital

    Directory of Open Access Journals (Sweden)

    Balázs István Tóth

    2011-12-01

    Full Text Available The aim of this research is to analyze territorial capital as a new paradigm to make best use of endogenous assets. The study is dealing with the preconditions, meaning and possible theoretical taxonomies of territorial capital. In this study I emphasize that the cumulative effects of regional potentials are more important than economies of scale and location factors. I present different approaches and interpretations of territorial capital, then make an attempt to create an own model. I try to find answers for questions, such as why territorial capital shows a new perspective of urban and regional development; how cognitive elements of territorial capital provide increasing return; how territorial capital influences competitiveness and what kind of relation it has with cohesion.

  14. Measuring Social Capital Accumulation in Rural Development

    DEFF Research Database (Denmark)

    Teilmann, Kasper

    2012-01-01

    Using a theoretical framework, the study proposes an index that can measure the social capital of local action group (LAG) projects. The index is founded on four indicators: number of ties, bridging social capital, recognition, and diversity, which are aggregated into one social capital index....... The index has been tested in LAG-Djursland, Denmark, and the study further investigates whether the organisational affiliation, project financing, and LAG co-financing can explain the degree of social capital accumulation. Furthermore, the author has tested if there are connections between motivation...... for pursuing development projects similar to those implemented previously and the degree of social capital. The paper concludes that there are indications that projects hosted by municipalities tend to show the most social capital, there is no connection between the amount of project financing and social...

  15. Social capital and technological literacy in Taiwan.

    Science.gov (United States)

    Yang, Hsieh-Hua; Huang, Fen Fen; Lai, Yi-Horng; Yang, Hung-Jen; Yu, Jui-Chen

    2012-01-01

    The burgeoning interest in social capital within the technology community represents a welcome move towards a concern for the social elements of technological adaptation and capacity. Since technology plays an ever larger role in our daily life, it is necessary to articulate social capital and its relationship to technological literacy. A nationwide data was collected by area sampling, and position generator was used to measure social capital. Regression model was constructed for technological literacy. Age, gender, education, income, web access, and social capital were included as independent variables. The results show that age, gender, education, web access, and social capital were good predictors of technological literacy. It is concluded that social capital is helpful in coping with rapid technological change. Theoretical and empirical implications and future research are discussed.

  16. Does National Culture Impact Capital Budgeting Systems?

    Directory of Open Access Journals (Sweden)

    Peter J. Graham

    2017-06-01

    Full Text Available We examine how national culture impacts organisational selection of capital budgeting systems to develop our understanding of what influence a holistic formulation of national culture has on capital budgeting systems. Such an understanding is important as it would not only provide a clearer link between national culture and capital budgeting systems and advance extant literature but would also help multinational firms that have business relationships with Indonesian firms in suitably designing strategies. We conducted semi-structured interviews of selected finance managers of listed firms in Indonesia and Australia. Consistent with the contingency theory, we found that economic, political, legal and social uncertainty impact on the use of capital budgeting systems. The levels of uncertainty were higher in Indonesia than Australia and need to be reckoned in the selection of capital budgeting systems used by firms. We also found that firms are influenced by project size and complexity, when selecting capital budgeting systems.

  17. ANALYSIS OF THE CAPITAL MARKET IN CROATIA

    Directory of Open Access Journals (Sweden)

    Maja Buljat

    2015-12-01

    Full Text Available The financial crisis that began in 2008 in the USA turned into a global economic crisis in a short time. As such, it had a big impact on the financial stability of Croatia, primarily on capital market. Capital market includes securities trading, primarily stocks and bonds, whose market value is influenced by the market capitalization of capital market and vice versa. Macro economically, market capitalization had an influence on the fall in the value of the entire capital market, and micro economically, it had an influence on the fall of the prices of stocks, bonds and other financial instruments of companies. The volume of trade decreased, but there was an increase in the number of transactions. In other words, people traded more and in smaller quantities. Therefore, the risk increased, and investors became more cautious.

  18. Global capital markets: An updated profile

    Directory of Open Access Journals (Sweden)

    Filipović Miroslava

    2007-01-01

    Full Text Available More than two decades after the beginning of the financial revolution globalization of capital flows still attracts considerable attention, from both practitioners and academics. The aim of this paper is to contribute to understanding of some aspects of the global capital scene, as well as to emphasize certain developments which might illustrate its changing profile. Several fundamental perspectives profile the global capital market. A quantitative review provides a sense of sheer volumes, trends, origins and destinations of capital flows; an assessment of the global capital market’s degree of integration follows. The emergence of new (types of actors is another important aspect of the global processes, while illustrations of new market products and emerging segments may add new perspectives on the profile of the global capital market. Finally, the paper concludes with a brief overview of digitalization of the financial supply chain.

  19. An Economic Viewpoint on Capitalism Bashing

    Directory of Open Access Journals (Sweden)

    Burnete Sorin

    2016-12-01

    Full Text Available In this paper I discuss two long disputed notions: that capitalism without crises is a fallacy respectively that capitalism bashing, however severe, will not endanger the system itself. Yet proving both is not an easy task since the capitalism issue has always been a cupellation of theory, ideology and political precepts, which are controversial and hard to disentangle. That capitalism detractors are numberless is a truism. Yet criticism against capitalism, however fierce, has always been clearly delineated. Not any more: globalization has rendered the picture dangerously fuzzy. It is now hard to ascertain whether someone who will harangue about the ostensible evils of globalization is also a declared anti-capitalist. The blend of capitalism and globalization seems to be pure dynamite.

  20. Foreign Venture Capital Firm - Skye in China.

    OpenAIRE

    Hu, XiaoRui

    2007-01-01

    The reasons of why Tom Skype paid more attention to Venture Capital management have received more and more attentions from academic researchers in many current business studies. Based upon one case study in the Skype, this research has analyzed the significant of the Venture Capital. This research listed some differences of the situations in for the Skype and how it set up the Venture Capital strategic in China, then gave the author's own opinions to the research question.

  1. Does National Culture Impact Capital Budgeting Systems?

    OpenAIRE

    Peter J. Graham; Milind Sathye

    2017-01-01

    We examine how national culture impacts organisational selection of capital budgeting systems to develop our understanding of what influence a holistic formulation of national culture has on capital budgeting systems. Such an understanding is important as it would not only provide a clearer link between national culture and capital budgeting systems and advance extant literature but would also help multinational firms that have business relationships with Indonesian firms in suita...

  2. Social Capital and Technological Literacy in Taiwan

    OpenAIRE

    Yang, Hsieh-Hua; Huang, Fen Fen; Lai, Yi-Horng; Yang, Hung-Jen; Yu, Jui-Chen

    2012-01-01

    The burgeoning interest in social capital within the technology community represents a welcome move towards a concern for the social elements of technological adaptation and capacity. Since technology plays an ever larger role in our daily life, it is necessary to articulate social capital and its relationship to technological literacy. A nationwide data was collected by area sampling, and position generator was used to measure social capital. Regression model was constructed for technologica...

  3. Trading Fees and Slow-Moving Capital

    OpenAIRE

    Buss, Adrian; Dumas, Bernard J

    2015-01-01

    In some situations, investment capital seems to move slowly towards profitable trades. We develop a model of a financial market in which capital moves slowly simply because there is a proportional cost to moving capital. We incorporate trading fees in an infinite-horizon dynamic general-equilibrium model in which investors optimally and endogenously decide when and how much to trade. We determine the steady-state equilibrium no-trade zone, study the dynamics of equilibrium trades and prices a...

  4. Simulated annealing algorithm for optimal capital growth

    Science.gov (United States)

    Luo, Yong; Zhu, Bo; Tang, Yong

    2014-08-01

    We investigate the problem of dynamic optimal capital growth of a portfolio. A general framework that one strives to maximize the expected logarithm utility of long term growth rate was developed. Exact optimization algorithms run into difficulties in this framework and this motivates the investigation of applying simulated annealing optimized algorithm to optimize the capital growth of a given portfolio. Empirical results with real financial data indicate that the approach is inspiring for capital growth portfolio.

  5. Renewable Resources, Capital Accumulation, and Economic Growth

    OpenAIRE

    Wei-Bin Zhang

    2011-01-01

    This paper proposes a dynamic economic model with physical capital and renewable resources. Different from most of the neoclassical growth models with renewable resources which are based on microeconomic foundation and neglect physical capital accumulation, this study proposes a growth model with dynamics of renewable resources and physical capital accumulation. The model is a synthesis of the neoclassical growth theory and the traditional dynamic models of renewable resources with an alterna...

  6. Human Capital and Risky Asset Allocation

    OpenAIRE

    Lu, Wenjie; Yu, Qun

    2011-01-01

    Much research has been done to examine the relation between investors' human capital and their financial asset allocation. While some showed that the value of human capital should be taken into consideration to make financial asset allocation decisions on the composition of investing portfolios, most argued not. In this paper, we selected the monthly return of 9 industrial ETFs from June of 2007 to July 2011, used the present value of total future income as estimate of human capital, and reli...

  7. THE IMPORTANCE OF CAPITAL MARKET IN ECONOMY

    Directory of Open Access Journals (Sweden)

    Alin Marius Andrieş

    2009-12-01

    Full Text Available All participants in capital markets are asking how to finance investments or to invest money available. The answer to these questions depends on the situation you have: deficit or surplus capital. This article addresses issues concerning the place and role of capital market within the financial markets and in financing investments, trying to highlight the growing importance of this subsystem, shown both to economic agents and to all categories of investors.

  8. Capital optimization: linking investment with strategic intent.

    Science.gov (United States)

    Fine, Allan; Bacchetti, J Alex

    2004-01-01

    With operating margins showing some improvement in 2003, Y2K being a distant memory, and many critical capital investment decisions delayed as long as possible, hospitals have been on a relative spending spree, building new facilities, renovating operating rooms and inpatient units, and investing in new medical and information technologies. However, with pressure on both cost and revenue expected to continue, if not increase, this spending spree may be short-lived, and hospitals must improve their capital planning efforts; align them with their mission, vision, and strategies; and ensure that capital is available when unplanned or even expected needs arise. This article explores some of the challenges that hospitals face in their capital planning efforts and, more importantly, suggests the necessity for hospitals to integrate capital and strategic planning. Capital planning must be driven by an organization's strategies; however, we also argue that an organization's ability to execute its strategies is highly dependent on the existence of a cohesive capital prioritization and planning process. In this article, we explore a number of issues critical to developing a comprehensive capital plan, including estimating capital costs, evaluating and designing strategies to contend with risk, saving for the proverbial "rainy day," and recognizing the role and value of philanthropy, while challenging some conventional thinking of hospital executives with respect to investment, growth, and planning.

  9. Social and Symbolic Capital in Firm Clusters

    DEFF Research Database (Denmark)

    Gretzinger, Susanne; Royer, Susanne

    Based on a relational perspective this paper analyses the case of the “Mechatronics Cluster” in Southern Jutland, Denmark. We found that cluster managers are not aware of the importance of social and symbolic capital. Cluster managers could have access to both but they are not aware...... of this resource and they don´t have any knowledge how to manage social and symbolic capital. Just to integrate social-capital-supporting initiatives in the day to day business would help to develop and to foster social and symbolic capital on a low cost level. And in our example just to integrate successful sub...

  10. Education - an investment in human capital

    Directory of Open Access Journals (Sweden)

    Daniela Neamţu

    2012-12-01

    Full Text Available Formal education, personal abilities and the health state play an important role in this paper. Those are all essential constituent elements of the human capital. In the present paper we intend to present briefly the fundamental concepts of the human capital, with an emphasis on education and abilities. We also mark out the importance of the human capital development in the purpose of maintaining the development and the motivation of the human resources, which are the main premises organizations need to capitalize. The higher education has a determinant role in the attainment of this desideratum.

  11. The offense of capital market manipulation

    Directory of Open Access Journals (Sweden)

    Laura MANEA

    2012-01-01

    Full Text Available The novelty and use of current technology in stock exchange trading operations are just a few reasons for which the capital market domain is a controversial one, and the number of crimes already committed in the financial market raises the issue of securing the supply-demand relationship of capital and capital investment protection. If in the Community law there is no incrimination of market abuse, Romanian legislature sanctioned the capital market manipulation as criminal acts committed intentionally in order to discourage such practices and also to increase the confidence of investors in the financial market

  12. Taxation and venture capital-backed entrepreneurship

    DEFF Research Database (Denmark)

    Keuschnigg, Christian; Nielsen, Søren Bo

    2003-01-01

    In recent years, venture capital has increasingly become a factor in thefinancing of new firms. We examine how the value of mature firms determinesthe incentives of entrepreneurs to start up new firms and of venture capitaliststo finance and advise them. We examine how capital gains taxes as well...... assubsidies to start-up costs of new firms affect venture capital-backedentrepreneurship. We also argue that dividend and capital gains taxes onmature firms have important consequences for start-up firms as well.JEL Classification: D82, G24, H24 and H25Keywords: double moral hazard, entrepreneurship, taxes...

  13. Authentic Leadership and Spiritual Capital Development: Agenda ...

    African Journals Online (AJOL)

    Authentic Leadership and Spiritual Capital Development: Agenda for Building ... indicate that many business companies and government organizations which ... for the successful building of quality management and effective organizations.

  14. 'Blue' social capital and work performance

    DEFF Research Database (Denmark)

    Grøn, Sisse; Svendsen, Gunnar Lind Haase

    2012-01-01

    (Progoulaki & Roe 2011). This challenges social capital on board, i.e. the resources inherent in network cooperation associated with norms of reciprocity and trust (Putnam 2000: 19). Fragmentizing ‘blue’ social capital should however be restored, because work performance depends on the quality of cooperation...... findings suggest that a balance between three types of social capital – bonding, bridging and linking – is needed to achieve a high-performance work system (Gittell et al. 2010). Hence, main actors within the shipping sector should take ‘blue’ social capital into account in order to increase work...... efficiency and economic performance....

  15. Cultural Capital and Teaching Ability Rating

    DEFF Research Database (Denmark)

    Jæger, Mads Meier

    do not possess cultural capital. This paper uses extremely rich longitudinal data that provides a better basis than previous studies for holding ‘everything else’ constant. In addition to children and parents’ cultural capital, I control for children’s actual academic ability, physical appearance......, health impairments, social behaviour, antenatal influences, and many family background characteristics. My analysis shows, first, that both children and parents’ cultural capital have independent effects on teacher ability ratings. Second, for oral ability I find that parents’ cultural capital ‘protects...

  16. 12 CFR 933.5 - Disclosure to members concerning capital plan and capital stock conversion.

    Science.gov (United States)

    2010-01-01

    ... total capital-to-asset ratio (both of which shall be based on the same financial data used for the... the liquidity, capital, earnings or continuing operations of the Bank, including those affecting...

  17. Análise do Capital Social da Agricultura no Município de Pentecoste (CE

    Directory of Open Access Journals (Sweden)

    Gerlânia Maria Rocha Sousa

    2015-10-01

    Full Text Available O presente trabalho tem como objetivo analisar o nível de capital social da agricultura do município de Pentecoste (CE. Para a obtenção dos dados foram aplicados questionários com questões sobre ao tema proposto em 42 comunidades rurais do município correspondendo a 163 famílias. O tratamento analítico dos dados consistiu na aplicação da técnica de análise multivariada conhecida como análise fatorial e a partir da aplicação dessa técnica construiu-se o Índice de Capital Social para as comunidades rurais do município e, adicionalmente, na identificação e classificação das comunidades em clusters, de acordo com a mensuração do capital social nessas comunidades através da análise de agrupamento ou cluster. Com isso, foi feito inicialmente a análise do índice que se acredita ser capaz de dar uma ideia a respeito do nível de capital social de acordo com as categorias: grupos e redes, confiança e solidariedade, ação coletiva e cooperação, coesão inclusão social e políticas públicas e assistência técnica. Em seguida, aplicou-se a análise de agrupamento ou cluster para agrupar esse índice em categorias de ordem baixa, média e alta. O ICS proposto mostrou um nível médio de capital social e uma deficiência em relação às variáveis estudadas.

  18. Corporate Social Capital and Public Relations : Capital Accumulation by Social Relationship and Rethinking the Definition of Public Relations

    OpenAIRE

    北見, 幸一

    2009-01-01

    This paper discusses Corporate Social Capital and Public Relations. This paper overviewed the Social Capital studies, especially early studies in sociology field, proposed the framework to evaluate Social Capital in a capital. Social Capital has the merit to reduce transaction costs, and should be clearly positioned as a component of capital of corporation. Using the concept of the Corporate Social Capital, to rethink the definition of Public Relations, this paper proposed the following defin...

  19. Initial capital structure of portuguese innovative firms : the role of nascent entrepreneurs' human capital

    OpenAIRE

    Couto, Eduardo; Bilau, José

    2011-01-01

    The aim of this study is to analyse whether the human capital of the nascent entrepreneur influences the initial capital structure of Portuguese innovative firms. The research model used includes a dependent binary variable devised to check the initial capital structure, two groups of independent variables referring to the human capital and a group of control variables. The results obtained through logistic regression show that "heterogeneity of professional experience" positively influences ...

  20. Financial Frictions and the Credit Transmission Channel: Capital Requirements and Bank Capital

    OpenAIRE

    Lucyna Gornicka; Sweder van Wijnbergen

    2013-01-01

    We investigate actual capital chosen by banks in presence of capital minimum requirements and ex-post penalties for violating them. The model yields excess capital that is always positive and increases during times of distress in the economy, which is in line with empirical evidence. Next, we show that in presence of ex-post violation penalties the introduction of the conservation buffer under Basel III will not contribute to lowering the pro-cyclicality of capital regulations. The countercyc...

  1. Social Capital and Educational Aspiration of Students: Does Family Social Capital Affect More Compared to School Social Capital?

    Science.gov (United States)

    Shahidul, S. M.; Karim, A. H. M. Zehadul; Mustari, S.

    2015-01-01

    Resources from multiple social contexts influence students' educational aspiration. In the field of social capital a neglected issue is how students obtain social capital from varying contexts and which contexts benefit them more to shape their future educational plan which consequently affects their level of aspiration. In this study, we aim to…

  2. 12 CFR 325.103 - Capital measures and capital category definitions.

    Science.gov (United States)

    2010-01-01

    ... STATEMENTS OF GENERAL POLICY CAPITAL MAINTENANCE Prompt Corrective Action § 325.103 Capital measures and... agreement, order, capital directive, or prompt corrective action directive issued by the FDIC pursuant to... CFR 28.15(b), or to comply with asset maintenance requirements pursuant to 12 CFR 28.20; or (B) The...

  3. "Capitalizing on Sport": Sport, Physical Education and Multiple Capitals in Scottish Independent Schools

    Science.gov (United States)

    Horne, John; Lingard, Bob; Weiner, Gaby; Forbes, Joan

    2011-01-01

    This paper draws on a research study into the existence and use of different forms of capital--including social, cultural and physical capital--in three independent schools in Scotland. We were interested in understanding how these forms of capital work to produce and reproduce "advantage" and "privilege". Analysis is framed by…

  4. The sensitivity of capital services measurement : Measure all assets and the cost of capital

    NARCIS (Netherlands)

    Inklaar, R.

    The measurement of capital inputs is still a contentious issue: many choices have to be made that have potentially large effects on the resulting capital input series. This paper compares a large number of methodological choices and their impact on U.S. capital services at the industry and aggregate

  5. Should We Use a Capital Framework to Understand Culture? Applying Cultural Capital to Communities of Color

    Science.gov (United States)

    Hinton, Kip Austin

    2015-01-01

    Social science research on communities of color has long been shaped by theories of social and cultural capital. This article is a hermeneutic reading of metaphorical capital frameworks, including community cultural wealth and funds of knowledge. Financial capital, the basis of these frameworks, is premised on unequal exchange. Money only becomes…

  6. Human capital diversity in the creation of social capital for team creativity

    NARCIS (Netherlands)

    Han, J.; Han, J; Brass, D.

    2014-01-01

    We highlight the social aspects of team creativity by proposing that team creativity is influenced by two types of team social capital: bridging and bonding social capital. Going beyond the structural perspective, we posit that team-level human capital diversity is one of the potential antecedents

  7. Review of Capitalism in the Web of Life. Ecology and Accumulation of Capital (Moore, 2015

    Directory of Open Access Journals (Sweden)

    Germán Palacio

    2017-01-01

    Full Text Available Jason Moore. 2015. Capitalism in the Web of Life. Ecology and Accumulation of Capital [Capitalismo en la red de la vida. Ecología y acumulación de capital]. London – New York: Verso Books. 336 pp. ISBN 978-1781689028.

  8. O fluxo de capital para as economias emergentes e o grau de desenvolvimento do sistema financeiro

    Directory of Open Access Journals (Sweden)

    Katia Rocha

    Full Text Available Resumo O presente artigo tem como objetivo analisar o papel do sistema financeiro doméstico como mitigador de eventos de paradas súbitas e condicionante de fluxos de capital de um grupo de 14 economias emergentes no período de 1999-2013, em especial em face de cenários externos desfavoráveis como aumento dos juros internacionais e aversão ao risco global. Os países analisados - Argentina, Brasil, Chile, Colômbia, Indonésia, Malásia, México, Peru, Filipinas, Rússia, África do Sul, Tailândia, Turquia e Ucrânia representavam, em agosto de 2014, aproximadamente 80% do índice EMBIPLUS e 60% do índice EMBIGLOBAL. Procurou-se distinguir o efeito sobre diversos tipos de fluxos de capital: Fluxo de entrada de Investimento Externo Direto, Fluxo de entrada de Investimento em Carteira e Fluxo Líquido, com análise de robustez para período desde 1990 e aumento do número de países emergentes. O principal resultado suporta evidências que o fortalecimento do sistema financeiro doméstico - medido com a capitalização bursátil em proporção do PIB - propicia aumento dos fluxos de entrada de capital de todos os tipos de fluxos em todos os modelos analisados, reduzindo a probabilidade de ocorrência de parada súbita do fluxo de Investimento Externo Direto e em alguns casos do fluxo de Carteira, o que motiva políticas públicas que incentivem o desenvolvimento e fortalecimento deste setor. Estimativas também destacam o papel dos fundamentos domésticos, tão importantes quanto os fatores globais nos condicionantes de fluxo de capital e na ocorrência paradas súbitas. Este fato motiva políticas públicas que incentivem o fortalecimento e desenvolvimento das instituições nos países emergentes, e ressalta o papel dos governos na captação de recursos externos.

  9. Social Capital Theory: Implications for Women's Networking and Learning

    Science.gov (United States)

    Alfred, Mary V.

    2009-01-01

    This chapter describes social capital theory as a framework for exploring women's networking and social capital resources. It presents the foundational assumptions of the theory, the benefits and risks of social capital engagement, a feminist critique of social capital, and the role of social capital in adult learning.

  10. 12 CFR 932.4 - Credit risk capital requirement.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 7 2010-01-01 2010-01-01 false Credit risk capital requirement. 932.4 Section... CAPITAL STANDARDS FEDERAL HOME LOAN BANK CAPITAL REQUIREMENTS § 932.4 Credit risk capital requirement. (a) General requirement. Each Bank's credit risk capital requirement shall be equal to the sum of the Bank's...

  11. Model Pencatatan Intellectual Capital dalam Menghadapi Perubahan Paradigma Akuntansi Baru

    Directory of Open Access Journals (Sweden)

    Henny Hendarti

    2007-03-01

    Full Text Available The more competitive of competition in business world has made the company having competitive advantage continuously through the management of human resource. Competitive advantage can be created with intellectual capital, by human capital, structural capital, customer capital, commitment, and competence. The article discuss intellectual capital record model in facing the changes of new accounting paradigm.

  12. 12 CFR 567.2 - Minimum regulatory capital requirement.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 5 2010-01-01 2010-01-01 false Minimum regulatory capital requirement. 567.2... Regulatory Capital Requirements § 567.2 Minimum regulatory capital requirement. (a) To meet its regulatory capital requirement a savings association must satisfy each of the following capital standards: (1) Risk...

  13. 42 CFR 412.302 - Introduction to capital costs.

    Science.gov (United States)

    2010-10-01

    ... 42 Public Health 2 2010-10-01 2010-10-01 false Introduction to capital costs. 412.302 Section 412... Inpatient Hospital Capital Costs General Provisions § 412.302 Introduction to capital costs. (a) New capital... revision of the debt instrument. (iii) If short-term financing was used to acquire old capital assets and...

  14. 12 CFR 931.6 - Transfer of capital stock.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 7 2010-01-01 2010-01-01 false Transfer of capital stock. 931.6 Section 931.6 Banks and Banking FEDERAL HOUSING FINANCE BOARD FEDERAL HOME LOAN BANK RISK MANAGEMENT AND CAPITAL STANDARDS FEDERAL HOME LOAN BANK CAPITAL STOCK § 931.6 Transfer of capital stock. A Bank in its capital plan...

  15. 12 CFR 931.3 - Minimum investment in capital stock.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 7 2010-01-01 2010-01-01 false Minimum investment in capital stock. 931.3... CAPITAL STANDARDS FEDERAL HOME LOAN BANK CAPITAL STOCK § 931.3 Minimum investment in capital stock. (a) A Bank shall require each member to maintain a minimum investment in the capital stock of the Bank, both...

  16. Synthesis, Crystal Structure and Luminescent Property of Cd (II Complex with <em>N-Benzenesulphonyl-L>-leucine

    Directory of Open Access Journals (Sweden)

    Xishi Tai

    2012-09-01

    Full Text Available A new trinuclear Cd (II complex [Cd3(L6(2,2-bipyridine3] [L =<em> Nem>-phenylsulfonyl-L>-leucinato] has been synthesized and characterized by elemental analysis, IR and X-ray single crystal diffraction analysis. The results show that the complex belongs to the orthorhombic, space group<em> Pem>212121 with<em> aem> = 16.877(3 Å, <em>b> em>= 22.875(5 Å, <em>c em>= 29.495(6 Å, <em>α> em>= <emem>= <emem>= 90°, <em>V> em>= 11387(4 Å3, <em>Z> em>= 4, <em>Dc>= 1.416 μg·m−3, <emem>= 0.737 mm−1, <em>F> em>(000 = 4992, and final <em>R>1 = 0.0390, <em>ωR>2 = 0.0989. The complex comprises two seven-coordinated Cd (II atoms, with a N2O5 distorted pengonal bipyramidal coordination environment and a six-coordinated Cd (II atom, with a N2O4 distorted octahedral coordination environment. The molecules form one dimensional chain structure by the interaction of bridged carboxylato groups, hydrogen bonds and p-p interaction of 2,2-bipyridine. The luminescent properties of the Cd (II complex and <em>N-Benzenesulphonyl-L>-leucine in solid and in CH3OH solution also have been investigated.

  17. Impression management as symbolic capital

    DEFF Research Database (Denmark)

    Lueg, Klarissa; Nielsen, Camilla

    2015-01-01

    in Germany and LinkedIn in Denmark. We summarize those differences and relate them to different cultural contexts and impression management practices. Our sample consists of Danish Higher Executives (HEs)/managers (e.g., CEOs) and companies that have profiles on both SNS, thus reaching out to both the German......Social Network Sites (SNS) play an increasingly important role in the European business world, especially with respect to cross-cultural impression management. Departing from the Bourdieusian concept of “capital,” this paper analyzes the differences in the use of two popular business SNS: XING...... and the Danish markets. It is apparent that even business experts operating in both markets could better adapt to the standards and possibilities offered by the German SNS with respect to impression management. We introduce a set of recommendations to foster SNS-related and culture-sensitive impression...

  18. Deradiating the former uranium capital

    International Nuclear Information System (INIS)

    Merz, B.

    1987-01-01

    The city that once proclaimed itself The Uranium Capital of America is in the process of divorcing itself from the radioactive element - literally as well as symbolically. The last vestiges of uranium are being shoveled from the community. The removal is part of the federal Department of Energy's (DOE) Remedial Action program. It was established in 1972 to clean up areas of the country in which radiation exposure in excess of normal background levels could be attributed to wastes from DOE-operated uranium processing plants. Grand Junction was the first area to qualify. A good portion of the city is built on radioactive tailings - by-products of a uranium-processing industry. The DOE and the Environmental Protection Agency established guidelines for action levels of radiation. The standards were extrapolated from data from studies of lung cancer incidence in uranium miners in Europe and the US

  19. States, Social Capital and Cooperation

    DEFF Research Database (Denmark)

    Anthony, Denise L.; Campbell, John L.

    2011-01-01

    This paper reflects on Elinor Ostrom’s classic book, Governing the Commons, and much work in sociology, political science and organization studies that has appeared since its publication. We do so in order to expand our understanding of the conditions under which cooperation occurs resulting...... in the production of collective goods. We explore two issues that were underdeveloped in her book that have subsequently received much attention. First, we discuss how states can facilitate cooperative behavior short of coercively imposing it on actors. Second, we discuss how social capital can facilitate...... or undermine cooperative behavior. In both cases we focus on the important mechanisms by which each one contributes to the development of cooperative behavior and collective goods. We conclude by extending our arguments to a brief analysis of one of the world’s newest and largest collective goods...

  20. Social opportunity cost of capital: empirical estimates

    Energy Technology Data Exchange (ETDEWEB)

    Townsend, S.

    1978-02-01

    This report develops estimates of the social-opportunity cost of public capital. The private and social costs of capital are found to diverge primarily because of the effects of corporate and personal income taxes. Following Harberger, the social-opportunity cost of capital is approximated by a weighted average of the returns to different classes of savers and investors where the weights are the flows of savings or investments in each class multiplied by the relevant elasticity. Estimates of these parameters are obtained and the social-opportunity cost of capital is determined to be in the range of 6.2 to 10.8%, depending upon the parameter values used. Uncertainty is found to affect the social-opportunity cost of capital in two ways. First, some allowance must be made for the chance of failure or at least of not realizing claims of a project's proponents. Second, a particular government project will change the expected variability of the returns to the government's entire portfolio of projects. In the absence of specific information about each project, the use of the economy-wide average default and risk adjustments is suggested. These are included in the empirical estimates reported. International capital markets make available private capital, the price of which is not distorted by the U.S. tax system. The inclusion of foreign sources slightly reduces the social-opportunity cost of capital. 21 references.

  1. Capital Structure, Strategic Competition, and Governance

    NARCIS (Netherlands)

    T.T. Nguyen (Thuy Thu)

    2008-01-01

    textabstractThis thesis consists of four studies on the interactions of capital structure and product market competition, and on several aspects of governance, firm financing and growth. The first study investigates how competitive behavior and market uncertainty affect the capital structure of a

  2. Optimal income taxation with endogenous human capital

    NARCIS (Netherlands)

    Jacobs, B.

    2005-01-01

    This paper augments the theory of optimal linear income taxation by taking into account human capital accumulation as a dimension of labor supply. The distribution of earning potentials is endogenous because agents differ in the ability to learn. Taxation affects utilization rates of human capital

  3. Human Capital Composition and Economic Growth

    Science.gov (United States)

    Tsai, Chun-Li; Hung, Ming-Cheng; Harriott, Kevin

    2010-01-01

    The objective of this paper is to analyze the effect of various compositions of human capital on economic growth. We construct alternative measures of human capital composition using five fields of study. In each instance, the measure represents the number of graduates in the respective field as a percentage of all graduates. The measures are as…

  4. Management Consulting Practice on Intellectual Capital

    NARCIS (Netherlands)

    Dr. Daan Andriessen

    2005-01-01

    Today, Intellectual Capital plays a principal role in the delivery of corporate performance. This importance is reflected in the fact that companies, without the force of any regulations, start to produce intellectual capital statements to communicate their performance; accounting guidelines are

  5. SUMMARY OF THEORIES IN CAPITAL STRUCTURE DECISIONS

    Directory of Open Access Journals (Sweden)

    Herczeg Adrienn

    2014-07-01

    In Hungary the capital structure of enterprises changed significantly since 1990, but it is true, that their decisions about the capital can not fit with neither theoretical appeal totally. There is no universal theory of the debt-equity choice, and no reason to expect one.

  6. Political Capital in a Market Economy

    Science.gov (United States)

    Nee, Victor; Opper, Sonja

    2010-01-01

    This research applies a transaction-focused institutional analysis to compare the value of political capital in different institutional domains of China's market economy. Our results show that the value of political capital is associated with institutional domains of the economy in which agents can use political connections to secure advantages.…

  7. Capital in the Twenty-First Century

    DEFF Research Database (Denmark)

    Hansen, Per H.

    2014-01-01

    Review essay on: Capital in the Twenty-First Century. By Thomas Piketty . Translated by Arthur Goldhammer . Cambridge, Mass.: The Belknap Press of Harvard University Press, 2014. viii + 685 pp......Review essay on: Capital in the Twenty-First Century. By Thomas Piketty . Translated by Arthur Goldhammer . Cambridge, Mass.: The Belknap Press of Harvard University Press, 2014. viii + 685 pp...

  8. FDI, Human Capital and Income Convergence

    DEFF Research Database (Denmark)

    Völlmecke, Dominik; Jindra, Björn; Marek, Philipp

    2016-01-01

    within Central and East European countries (CEECs), where we find indications of a poverty trap. In contrast to FDI, regional human capital seems to be associated with higher income levels. However, we identify a positive interaction of FDI and human capital in their relation with income growth dynamics....

  9. Treatment of capital in Brasilian cooperative societies

    Directory of Open Access Journals (Sweden)

    Vergílio Frederico Perius

    2005-12-01

    Full Text Available The early history of the cooperative system never taxed much importance to capital formation in cooperatives. The first German consumer cooperative had no equity in their accounting records. We want to analyze, even though the capital was not essential, what is its function actually.

  10. A Continuous Improvement Capital Funding Model.

    Science.gov (United States)

    Adams, Matt

    2001-01-01

    Describes a capital funding model that helps assess facility renewal needs in a way that minimizes resources while maximizing results. The article explains the sub-components of a continuous improvement capital funding model, including budgeting processes for finish renewal, building performance renewal, and critical outcome. (GR)

  11. Social Capital: The Foundation for Education.

    Science.gov (United States)

    Prager, Karen

    1993-01-01

    This "issue report" contains three articles centered around the concept of "social capital", and the role of the schools in community revitalization. "Social captial" consists of organizational networks of communication and shared values that provide collective support for adults and youth in a community. In "Social Capital and the Rebuilding of…

  12. Star Trek, Global Capitalism, and Immaterial Labor

    NARCIS (Netherlands)

    Hassler-Forest, Dan

    2016-01-01

    As one of the most expansive storyworlds in sf, Star Trek appears to offer an imaginary representation of a post-capitalist utopia. But in the context of global capitalism the franchise’s superficial post-capitalism translates all too easily into a neoliberal fantasy of post-industrial labour and

  13. Academic Capitalism in the Pasteur's Quadrant

    Science.gov (United States)

    Mendoza, Pilar

    2009-01-01

    Based on previous empirical studies, in this work the author presents an analysis of the role of context in academic capitalism. In particular, she argues that the literature on academic capitalism fails to properly acknowledge disciplinary and institutional differences, which results in an oversimplification of the effects of industry-academia…

  14. Corporate Social Responsibility Under Authoritarian Capitalism

    DEFF Research Database (Denmark)

    Hofman, Peter S.; Moon, Jeremy; Wu, Bin

    2017-01-01

    This article introduces the concept of corporate social responsibility (CSR) in the seemingly oxymoronic context of Chinese “authoritarian capitalism.” Following an introduction to the emergence of authoritarian capitalism, the article considers the emergence of CSR in China using Matten and Moon...

  15. A Shift towards Academic Capitalism in Finland

    Science.gov (United States)

    Kauppinen, Ilkka; Kaidesoja, Tuukka

    2014-01-01

    Academic capitalism is currently a widely studied topic amongst higher education scholars, especially in the United States. This paper demonstrates that the theory of academic capitalism also provides a fruitful perspective for analysing the restructuring of Finnish higher education since the 1990s, although with reservations. It will be argued…

  16. Measuring excess capital capacity in agricultural production

    NARCIS (Netherlands)

    Zhengfei, G.; Kumbhakar, S.C.; Myers, R.J.; Oude Lansink, A.G.J.M.

    2009-01-01

    We introduce the concept "excess capital capacity" and employ a stochastic input requirement frontier to measure excess capital capacity in agricultural production. We also propose a two-step estimation method that allows endogenous regressors in stochastic frontier models. The first step uses

  17. New Superintendents: Trust, Networking, and Social Capital

    Science.gov (United States)

    Ripley, Joan; Mitchell, Roxanne M.; Richman, John A.

    2013-01-01

    This instrumental case study explored how five newly appointed superintendents identified key stakeholders and built trust and social capital with stakeholders in their districts. Stakeholder, trust, and social capital theory were the lenses that guided this study. We utilized a pragmatic research design and thematic data analysis to interpret our…

  18. Social Capital: Its Constructs and Survey Development

    Science.gov (United States)

    Enfield, Richard P.; Nathaniel, Keith C.

    2013-01-01

    This article reports on experiences and methods of adapting a valid adult social capital assessment to youth audiences in order to measure social capital and sense of place. The authors outline the process of adapting, revising, prepiloting, piloting, and administering a youth survey exploring young people's sense of community, involvement in the…

  19. 76 FR 67400 - Capital Project Management

    Science.gov (United States)

    2011-11-01

    ...-0030] RIN 2132-AA92 Capital Project Management AGENCY: Federal Transit Administration (FTA), DOT... extending the comment period on its proposed rule for Capital Project Management to December 2, 2011, to...) proposing to transform the current FTA rule for project management oversight into a discrete set of...

  20. 76 FR 56363 - Capital Project Management

    Science.gov (United States)

    2011-09-13

    ...-0030] RIN 2132-AA92 Capital Project Management AGENCY: Federal Transit Administration (FTA), DOT... current FTA rule for project management oversight into a discrete set of managerial principles for sponsors of major capital projects; enable FTA to more clearly identify the necessary management capacity...

  1. Roman capitals from Sirmium (Sremska Mitrovica, Serbia

    Directory of Open Access Journals (Sweden)

    Maver Andreja

    2009-01-01

    Full Text Available The article brings a detailed formal analysis of the Roman capitals from Sirmium, in the light of the stone analysis conducted on the material at the Museum of Srem and elsewhere in Sremska Mitrovica. The capitals dot the historical development of the town from the first half of the 2nd century until the 4th century. First made of regional limestone, they were later joined by those of limestone and marbles of distant source, whereby different stones in capitals coexisted almost throughout the town’s development. This was certainly the situation during the flourishing times of the late 3rd and the 4th century, when Sirmium, as one of the four capitals of the Roman Empire, stood within several formal circles of capitals. The plain-leaved capitals tie it to the rest of Pannonia, the Corinthianizing capitals to the provinces to the east and south, while part of the Asiatic capitals, the largest group, tie it to the wider area of the Mediterranean.

  2. Youth Sport Volunteering: Developing Social Capital?

    Science.gov (United States)

    Kay, Tess; Bradbury, Steven

    2009-01-01

    This paper analyses the capacity of youth sport volunteering to contribute to the development of social capital. Following a review of the emergence of social capital as a key theme in UK sport policy, the paper focuses on the ability of a structured sports volunteering programme to equip young people with skills for effective volunteering, and…

  3. Cultural capital, teacher bias, and educational success

    DEFF Research Database (Denmark)

    Jæger, Mads Meier; Møllegaard, Stine

    2017-01-01

    . Second, cultural capital leads teachers to form upwardly biased perceptions of children's academic ability, but only when their exposure to children's cultural capital is brief (as in oral and written exams) rather than long (as in grades awarded at the end of the school year). Third, we find...

  4. ORGANIZATIONAL CAPITAL THEORY EXPRESSION OF ELECTRONIC HEALTH

    Directory of Open Access Journals (Sweden)

    Tomas Vedlūga

    2017-03-01

    Full Text Available Implementation of e-health is a very difficult and complex process in terms of health policy that requires both organizational ability to meet market requirements and well-managed internal communication, which is carried out through organizational capital and high organizational culture and philosophy. This process requires a change in the organizational processes of health care institutions, ensuring the management and use of health information in order to improve the functioning of health care institutions. Scientists emphasize that health care institutions, with a high organizational capital can effectively promote the development of e-health, by consistently improving the quality of health care services and increasing the confidence and sense of security by enhancing the individual‘s ability to become more involved in the health care system. Nevertheless, in Lithuania, the progress of health care institutions in the field of e-health varies significantly, therefore, different tendencies of e-health care indicators tend to be related to organizational capital. Organizational capital covering the various dimensions of social context analysis, and organizational capital theory is a paradigm that attempts to explain the e-health inequalities at the level of organizations. This paper has evaluated the organizational capital theory expression of the e-health level, to identify and analyze organizational capital assessment indices in the field of e-health and modeled organizational capital assessment scheme.

  5. Spatial Analysis Of Human Capital Structures

    Directory of Open Access Journals (Sweden)

    Gajdos Artur

    2014-12-01

    Full Text Available The main purpose of this paper is to analyse the interdependence between labour productivity and the occupational structure of human capital in a spatial cross-section. Research indicates (see Fischer 2009 the possibility to assess the impact of the quality of human capital (measured by means of the level of education on labour productivity in a spatial cross-section.

  6. Family Capital: Implications for Interventions with Families

    Science.gov (United States)

    Belcher, John R.; Peckuonis, Edward V.; Deforge, Bruce R.

    2011-01-01

    Social capital has been extensively discussed in the literature as building blocks that individuals and communities utilize to leverage system resources. Similarly, some families also create capital, which can enable members of the family, such as children, to successfully negotiate the outside world. Families in poverty confront serious…

  7. Neighborhood social capital and individual health

    NARCIS (Netherlands)

    Mohnen, S.M.; Groenewegen, P.P.; Völker, B.G.M.; Flap, H.D.

    2010-01-01

    Neighborhood social capital is increasingly considered to be an important determinant of an individual’s health. Using data from the Netherlands we investigate the influence of neighborhood social capital on an individual’s self-reported health, while accounting for other conditions of health on

  8. Neighborhood social capital and individual health.

    NARCIS (Netherlands)

    Mohnen, S.M.; Groenewegen, P.P.; Völker, B.; Flap, H.

    2011-01-01

    Neighborhood social capital is increasingly considered to be an important determinant of an individual's health. Using data from the Netherlands we investigate the influence of neighborhood social capital on an individual's self-reported health, while accounting for other conditions of health on

  9. State Spending on Higher Education Capital Outlays

    Science.gov (United States)

    Delaney, Jennifer A.; Doyle, William R.

    2014-01-01

    This paper explores the role that state spending on higher education capital outlays plays in state budgets by considering the functional form of the relationship between state spending on higher education capital outlays and four types of state expenditures. Three possible functional forms are tested: a linear model, a quadratic model, and the…

  10. A survey of venture capital research

    NARCIS (Netherlands)

    Hellmann, T.; Puri, M.L.; Da Rin, M.; Constantinides, G.; Harris, M.; Stulz, R.

    2013-01-01

    This survey reviews the growing body of academic work on venture capital. It lays out the major data sources used. It examines the work on venture capital investments in companies, looking at issues of selection, contracting, post-investment services and exits. The survey considers recent work on

  11. A Survey of Venture Capital Research

    NARCIS (Netherlands)

    Da Rin, M.; Hellmann, T.; Puri, M.L.

    2011-01-01

    This survey reviews the growing body of academic work on venture capital. It lays out the major data sources used. It examines the work on venture capital investments in companies, looking at issues of selection, contracting, post-investment services and exits. The survey considers recent work on

  12. provider venture capital funds: investing in innovation.

    Science.gov (United States)

    Potter, Mary Jo; Wesslund, Rick

    2016-05-01

    As health systems continue to embrace disruptive innovation, they are increasingly likely to consider making a move into venture capital. Working in venture capital can benefit a health system in several ways, including: Allowing it to operate outside of bureaucracy and align projects with its core values. Encouraging innovation within the organization. Enabling it to respond quickly to changes in the market.

  13. Social capital, family violence, and neglect.

    Science.gov (United States)

    Zolotor, Adam J; Runyan, Desmond K

    2006-06-01

    Social capital includes collective efficacy, psychological sense of community, neighborhood cohesion, and parental investment in the child. It has been shown to be associated with a variety of health and welfare outcomes and may be useful in understanding and preventing parenting behaviors on the continuum of child abuse and neglect. The purpose of this research was to evaluate low social capital as a risk factor for harsh physical punishment, neglectful parenting, psychologically harsh parenting, and domestic violence. This study is an analysis of cross-sectional telephone survey data of mothers in North and South Carolina (n = 1435). We constructed a 4-point social capital index reflecting survey responses to items ascertaining neighborhood characteristics, willingness to take personal action, the presence of 2 adults in the household, and regular religious service participation. We assessed the relationship of social capital to inventories of self-reported parenting behaviors and in-home violence. In adjusted analysis, we found that each 1 point increase in a 4-point social capital index was associated with a 30% reduction in the odds of neglectful parenting, psychologically harsh parenting, and domestic violence. There was no relationship between social capital and harsh physical punishment. This study demonstrates that increasing social capital decreases the odds of neglectful parenting, psychologically harsh parenting, and domestic violence but not harsh physical punishment. This supports further investigation into developing social capital as a resource for families.

  14. Human Capital, (Human) Capabilities and Higher Education

    Science.gov (United States)

    Le Grange, L.

    2011-01-01

    In this article I initiate a debate into the (de)merits of human capital theory and human capability theory and discuss implications of the debate for higher education. Human capital theory holds that economic growth depends on investment in education and that economic growth is the basis for improving the quality of human life. Human capable…

  15. A Human Capital Approach to Career Advising

    Science.gov (United States)

    Shaffer, Leigh S.; Zalewski, Jacqueline M.

    2011-01-01

    We began this series by addressing the challenges of career advising in a volatile, uncertain, complex, and ambiguous environment. In this article, we define human capital and suggest that advisors encourage students to utilize the principle of maximizing human capital when making decisions. We describe the personal traits and attitudes needed to…

  16. Human Capital Development: Comparative Analysis of BRICs

    Science.gov (United States)

    Ardichvili, Alexandre; Zavyalova, Elena; Minina, Vera

    2012-01-01

    Purpose: The goal of this article is to conduct macro-level analysis of human capital (HC) development strategies, pursued by four countries commonly referred to as BRICs (Brazil, Russia, India, and China). Design/methodology/approach: This analysis is based on comparisons of macro indices of human capital and innovativeness of the economy and a…

  17. How natural capital delivers ecosystem services

    NARCIS (Netherlands)

    Smith, A.C.; Harrison, P.A.; Pérez Soba, M.; Archaux, F.; Blicharska, M.; Egoh, B.N.; Erős, T.; Fabrega Domenech, N.; György, I.; Haines-Young, R.; Li, S.; Lommelen, E.; Meiresonne, L.; Miguel Ayala, L.; Mononen, L.; Simpson, G.; Stange, E.; Turkelboom, F.; Uiterwijk, M.; Veerkamp, C.J.; Wyllie de Echeverria, V.

    2017-01-01

    There is no unified evidence base to help decision-makers understand how the multiple components of natural capital interact to deliver ecosystem services. We systematically reviewed 780 papers, recording how natural capital attributes (29 biotic attributes and 11 abiotic factors) affect the

  18. 12 CFR 208.4 - Capital adequacy.

    Science.gov (United States)

    2010-01-01

    ... Banking FEDERAL RESERVE SYSTEM BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM MEMBERSHIP OF STATE BANKING INSTITUTIONS IN THE FEDERAL RESERVE SYSTEM (REGULATION H) General Membership and Branching Requirements § 208.4 Capital adequacy. (a) Adequacy. A member bank's capital, as defined in appendix A to this...

  19. 75 FR 12407 - Capital Magnet Fund

    Science.gov (United States)

    2010-03-15

    ... of financial institutions to provide capital, credit and financial services in underserved markets... Part IV Department of the Treasury Community Development Financial Institutions Fund 12 CFR Part... TREASURY Community Development Financial Institutions Fund 12 CFR Part 1807 RIN 1559-AA00 Capital Magnet...

  20. Non-linear Capital Taxation Without Commitment

    OpenAIRE

    Emmanuel Farhi; Christopher Sleet; Iván Werning; Sevin Yeltekin

    2012-01-01

    We study efficient non-linear taxation of labour and capital in a dynamic Mirrleesian model incorporating political economy constraints. Policies are chosen sequentially over time, without commitment. Our main result is that the marginal tax on capital income is progressive, in the sense that richer agents face higher marginal tax rates. Copyright , Oxford University Press.

  1. Tax Neutrality on International Capital Investments

    Directory of Open Access Journals (Sweden)

    Gizem KAPUCU

    2017-07-01

    Full Text Available The tax policies which states follow with regard to developing technology and capital investments with raising mobility due to globalism are need to be discussed in its legal basis. The principle of tax neutrality has the aim of being legal foundation for these policies. According to this, the neutrality principle in taxation of international capital investments is provided with two measures, namely; not effecting the investment decision and not discriminate between investments. In this paper, initially focused on the conceptual framework and the foundations of the tax neutrality principle and later capital export neutrality and capital import neutrality are considered and explained with regard to international capital movements. Moreover, conformity and diversion to the principle of the current situation and regulations in OECD, EU and Turkey are examined.

  2. Capital-cost behavior: is nuclear different

    International Nuclear Information System (INIS)

    Lotze, C.D.; Riordan, B.J.

    1978-01-01

    The capital costs of coal-fired and nuclear power plants are found to be comparable when costs for pollution control are included. Trends in capital costs reveal a similar rate gain that retains the same economic balance. Graphs of selected cost indices are used to show that the rapid increase in direct construction costs is not unique to nuclear plants, those of hydroelectric plants as well as coal-fired having the same pattern. Comparisons of indirect capital costs, based on analyses of direct capital and total capital costs, show estimated average growth rates of total costs to be 14% for coal and 13.6% for nuclear, while direct cost growth rates are 10.2% and 10.4%. The economics of market competition can be expected to push alternative energy source projects into balance

  3. Volatility of Capital Flows to Emerging Economies

    Directory of Open Access Journals (Sweden)

    Katia Rocha

    2013-09-01

    Full Text Available The paper proposes a panel model to the determinants of capital flow volatility to a group of 18 emerging market economies (EME in the period of 2000 to 2011. It studies the robustness of the model regarding different volatility measures; analyses several types of gross capital inflow; focusing the role of government institutional quality and the development of domestic financial system (banks, insurance companies, and capital markets – stocks, bonds and derivatives. The EME analyzed represented roughly 95% of the Emerging Markets Bond Index Global – EMBIG in January 2013, being the biggest destination to international capital flow to EME according to the report of the Bank for International Settlements - BIS (2009. The main conclusion suggests that a reduction of capital flow volatility can be achieved by the adoption of policies that improve government institutional quality and promote development, stability and efficiency of the domestic financial system.

  4. Is Social Capital a Good Concept?

    DEFF Research Database (Denmark)

    Bjørnskov, Christian; Sønderskov, Kim Mannemar

    2013-01-01

    This paper explores whether the concept of social capital as popularized by Robert Putnam is a good social science concept. Taking Gerring’s work on concept evaluation as the starting point, the paper first presents a set of criteria for conceptual ‘goodness’ and discusses how social capital...... performs on these criteria. It is argued that social capital eventually may be a good concept if it can be shown empirically to be a unidimensional concept. An empirical section therefore explores the validity of the unidimensionality assumption and rejects it in four separate tests at both the individual...... and aggregate level. We conclude that even if social capital has been a remarkably productive idea, it is not a good concept as most popular conceptualizations define social capital as several distinct phenomena or as phenomena that already have been conceptualized under other labels....

  5. The Creation and Destruction of Social Capital

    DEFF Research Database (Denmark)

    Svendsen, Gunnar Lind Haase; Svendsen, Gert Tinggaard

    ‘A welcome contribution to scholarly economic and public policy debates, The Creation and Destruction of Social Capital is written for advanced students yet offers insights critical to better understanding micro and macro economics alike.' - Willis M. Buhle, The Midwest Book Review ‘The Svendsens...... in to crafting this study.' - From the foreword by Elinor Ostrom Is social capital the ‘missing link' in economics? In this vital new book, the authors argue that the ‘forgotten' production factor of social capital is as crucial in economic decision-making as the other more traditional factors of production...... such as physical, financial and human capital. They attempt to bridge the gap between theory and reality by examining the main factors that determine entrepreneurship, co-operative movements and the creation and destruction of social capital....

  6. Social capital and health during pregnancy

    DEFF Research Database (Denmark)

    Agampodi, Thilini Chanchala; Rheinlaender, Thilde; Agampodi, Suneth Buddhika

    2017-01-01

    Background: Dimensions of social capital relevant to health in pregnancy are sparsely described in the literature.This study explores dimensions of social capital and the mechanisms in which they could affect the health of ruralSri Lankan pregnant women.Methods: An exploratory qualitative study......-diary interviews.Sixteen key informant interviews were conducted with public health midwives and senior community dwellers.We identified ten cognitive and five structural constructs of social capital relevant to health in pregnancy. Domesticand neighborhood cohesion were the most commonly expressed constructs....... Social support was limited to supportfrom close family, friends and public health midwives. A high density of structural social capital was observed in themicro-communities. Membership in local community groups was not common. Four different pathways by whichsocial capital could influence health...

  7. Human Capital, Wealth, and Renewable Resources

    Directory of Open Access Journals (Sweden)

    Wei-Bin ZHANG

    2014-05-01

    Full Text Available This paper studies dynamic interdependence among physical capital, resource and human capital. We integrate the Solow one-sector growth, Uzawa-Lucas two-sector and some neoclassical growth models with renewable resource models. The economic system consists of the households, production sector, resource sector and education sector. We take account of three ways of improving human capital: Arrow’s learning by producing (Arrow, 1962, Uzawa’s learning by education (Uzawa, 1965, and Zhang’s learning by consuming (Zhang, 2007. The model describes a dynamic interdependence among wealth accumulation, human capital accumulation, resource change, and division of labor under perfect competition. We simulate the model to demonstrate existence of equilibrium points and motion of the dynamic system. We also examine effects of changes in the productivity of the resource sector, the utilization efficiency of human capital, the propensity to receive education, and the propensity to save upon dynamic paths of the system.

  8. Social Capital, Economic Growth and Transition Economies

    DEFF Research Database (Denmark)

    Svendsen, Gert Tinggaard

    1998-01-01

    transactions to take place without third-party enforcement. Theory and lessons from empirical evidence lead to three general recommendations for building social capital in the future: First, the state must withdraw and minimize its role in the economy so to leave room for voluntary organization and free......Summary: What does social capital mean and how can it be built? Social capital is considered as a new production factor which must be added to the conventional concepts of human and physical capital. Social capital is productive because it increases the level of trust in a society and allows more......-trade. Second, state withdrawal should be combined with efforts to increase economic growth and gain popular support for the implementation of reforms. Third, voluntary groups, beneficial to the economy, should not be institutionalized to prevent them from turning into harmful rent-seeking groups....

  9. Intellectual Capital: Perceptions of Productivity and Investment

    Directory of Open Access Journals (Sweden)

    Aristides Isidoro Ferreira

    2011-03-01

    Full Text Available This study focuses on the influence intellectual capital has on employees’ perceptions as related to both company investments and productivity levels. The data was obtained from 440 employees at 13 Portuguese companies. Both ANOVA and Regression Analysis were conducted in order to understand the impact three Intellectual Capital Scale components have on perceptions of investment and organizational productivity. Results show that companies with higher scores of Structural Capital have a lower perception of investment in human resources and research, as well as a higher perception of investment in marketing and sales. Moreover, employees of companies with higher Structural Capital scores also have higher perceptions of productivity. On the other hand, organizations with higher investment in Customer Capital tend to be associated with a lower perception of organizational productivity.

  10. Intellectual capital: Measurement, recognition and reporting

    Directory of Open Access Journals (Sweden)

    Christo Johannes Cronje

    2013-02-01

    Full Text Available In the past few decades, the economy has moved from an industrial to a knowledge economy. Consequently, basic factors of production now no longer comprise only natural resources, capital and labour, but also intellectual capital. Despite the shift from an industrial to a knowledge economy, the accounting framework and financial reporting have not changed sufficiently to include intellectual capital. The research problem attempts to explore whether the theory of accounting should be modified for a standardised and comparable approach when accounting and reporting on intellectual capital. To solve the research problem, a literature review and content analysis on corporate annual reports were used. The results of this study indicate that the theory of accounting should be modified to ensure a standardised and comparable approach when accounting and reporting on intellectual capital in corporate annual reports.

  11. HUMAN CAPITAL FLIGHT - ROMANIA’S CASE

    Directory of Open Access Journals (Sweden)

    Magdalena VELCIU

    2016-12-01

    Full Text Available Knowledge, qualifications of workforce and human capital became key factors for progress. Human capital flight transfers not only people but work, knowledge, tangible and intangible capital and development potential. In this article, trying to answer whether Romania is a source country for emigration of highly skilled or well-educated individuals (ie human capital flight I flew over those two dimensions that have traditionally characterized human capital flight namely: shrinking work resource and lossing high educated peoples. Therefore, Romania was faced with decreasing the number of resident population due to the evolution of demographic phenomena with negative projections and declining number of working age population and young educated and highly skilled workers and professionals. This will generate complex problems for economy, labour market, difficulty in finding highly skilled workers, talent shortages etc so it’s critical to monitor the labour migration or brain drain phenomenon.

  12. The association between oxytocin and social capital.

    Directory of Open Access Journals (Sweden)

    Takeo Fujiwara

    Full Text Available BACKGROUND: Oxytocin is known to be related to social behaviors, including trust. However, few studies have investigated the association between oxytocin levels and social capital. Thus, we tested the hypothesis that endogenous oxytocin levels are positively associated with social capital. We also considered whether the association differed across gender because previous studies have shown differential effects of OT on social behaviors depending on gender. METHODS: We recruited a convenience sample of 50 women and 31 men in Japan via community sampling from whom we obtained urine sample with which to measure oxytocin levels. Individual-level cognitive social capital (social trust and mutual aid and structural social capital (community participation were assessed using a questionnaire. We used multivariate regression, adjusted for covariates (age, number of children, self-rated health, and education, and stratified by gender to consider associations between oxytocin and social capital. RESULTS: Among women, oxytocin was inversely associated with social trust and mutual aid (p<0.05. However, women participating in only 1 organization in the community showed higher oxytocin than women who participated in either no organizations (p<0.05 or 2 or more organization (i.e. inverse-U shape association. Among men, no association was observed between oxytocin and either form of cognitive and structural social capital. CONCLUSION: Women who perceived low cognitive social capital showed higher oxytocin levels, while structural social capital showed inverse-U shape association with oxytocin. No association between oxytocin and social capital was found among men. Further study is needed to elucidate why oxytocin was inversely associated with cognitive social capital only among women.

  13. PENGARUH KINERJA INTELLECTUAL CAPITAL TERHADAP KINERJA INTELLECTUAL CAPITAL PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BEI

    Directory of Open Access Journals (Sweden)

    Windri Windri

    2010-11-01

    Full Text Available The aims of this study are to analyze the effect of intellectual capital performance on intellectualcapital disclosure in annual report of manufacturing company listed in Indonesia Stock Exchange(IDX period 2004-2006 and to analyze the level of intellectual capital disclosure in annualreport period 2004-2006. 50 companies was taken as samples in the research.This paper usescontent analysis to compile a measure of disclosure on each annual report of manufacturingcompany and statistical analysis to test whether intellectual capital performance has a positiveeffect to intellectual capital disclosure. Based on statistical analysis, it is concluded that theintellectual capital performance and firm size have a positive effect to intellectual capitaldisclosure. Leverage has no effect to intellectual capital disclosure. The result of content analysisshows that the intellectual capital disclosure in annual report of manufacturing company period2004-2006 are less than 50%.

  14. Academic Words and Academic Capitalism Academic Words and Academic Capitalism

    Directory of Open Access Journals (Sweden)

    Michael Billig

    2013-03-01

    Full Text Available

    Este artículo sugiere que esta época es la mejor y peor para la labor académica. La mejor en cuanto hay más publicaciones académicas que nunca. Y la peor porque sobra mucho de estas publicaciones. Trabajando en las condiciones competitivas del capitalismo académico, los académicos se sienten en la necesidad de continuar publicando, independientemente de que tengan algo que decir. Las presiones de publicar continuamente y promover la propia perspectiva se reflejan en la manera en la que los científicos sociales están escribiendo. Y es que los académicos utilizan un lenguaje técnico basado en sustantivos, con una precisión menor a la del lenguaje ordinario. Los estudiantes de postgrado han sido educados en esta manera de escribir como una condición previa a iniciarse en las ciencias sociales. Así, la naturaleza misma del capitalismo académico no sólo determina las condiciones en las que los académicos trabajan, sino que también afecta su manera de escribir.


    This paper suggests that it is the best and worst of times for academic work. It is the best of times because there are more academics publishing than ever before. It is the worst of times because there is much unnecessary publication. Working in the competitive conditions of academic capitalism, academics feel impelled to keep publishing, whether or not they have anything to say. The pressures to publish continually and to promote one’s own approach are reflected in the way that social scientists are writing. Academics use a noun-based technical language, which is less precise than ordinary language. Postgraduates are taught this way of writing as a precondition for entering the social sciences. In this way, the nature of academic capitalism not only determines the conditions under which academics are working but it affects the way that they are writing.

  15. Linking intellectual capital and intellectual property to company performance

    Directory of Open Access Journals (Sweden)

    Mohammad Reza

    2016-12-01

    Full Text Available The purpose of this paper is to measure the effects of intellectual capital components; namely, human capital, structural capital and relational capital on company performance in Iranian auto industry. The study uses a questionnaire consists of 100 questions to cover intellectual capital and company performance in Likert scale and it is distributed among 180 experts in one of Iranian auto industry. Cronbach alphas for intellectual capital components, i.e. human capital, relational capital and structural capital are 0.82, 0.80 and 0.80, respectively. In addition, Cronbach alpha for company performance is 0.82. Using structural equation modeling, the study has determined a positive and meaningful relationship between intellectual capital and company performance. The study has also determined a positive and meaningful relationship between human capital and structural capital. Among components of performance, efficiency maintained the highest effect while innovation represents the minimum effect.

  16. Evidências sobre as estruturas de propriedade de capital e de voto das empresas de capital aberto no Brasil

    Directory of Open Access Journals (Sweden)

    Dante Mendes Aldrighi

    2007-06-01

    Full Text Available Este artigo analisa a evolução da estrutura de propriedade de capital e de votos das empresas de capital aberto no Brasil no período 1997-2002. Sua principal contribuição reside em estimar a magnitude dos direitos de voto e de fluxo de caixa do acionista último com a maior parcela do capital votante de cada empresa. Examinam-se, também, as fontes da discrepância entre direitos de votos e de fluxo de caixa, avaliando-se a importância relativa da emissão de ações preferenciais sem direito a voto, acordos de votos, estruturas piramidais de propriedade, e posse cruzada de ações. A base de dados compreende 4478 relatórios que as empresas, cumprindo uma exigência legal, submeteram à CVM nesse período.This paper focuses on the ownership and voting structures of limited liability companies in Brazil over the period 1997-2002. Its main contribution lies in measuring the magnitude of deviations between control rights and cash-flow rights for the ultimate shareholder with the largest voting rights. Furthermore, it pinpoints how these discrepancies are generated, evaluating the relative importance of the issuance of preferred stocks with no voting rights, voting agreements, pyramidal arrangements of ownership, and cross-shareholdings. The data set embraces 4,478 reports that companies, complying with a mandatory requirement, filed to the CVM over that period.

  17. Os capitães-mores da carreira do Japão : esboço de caracterização sócio-económica

    OpenAIRE

    Rodrigues, Vítor Luís Gaspar

    1995-01-01

    "[...]. O cargo de capitão-mor das viagens do Japão parece ter sido estabelecido, como sustenta Charles Boxer, em 1550. Na verdade, não se encontra, que saibamos, qualquer documento em arquivos nacionais ou estrangeiros que ponha em causa a informação contida nas «relações dos capitães-mores» existentes na Biblioteca da Ajuda, as quais fazem remontar a essa data o início oficial da carreira do Japão, se bem que não permitam a identificação do seu agraciado. [...]"

  18. GESTÃO DE ATIVOS INTANGÍVEIS: IMPLICAÇÕES E RELAÇÕES DA GESTÃO DO CONHECIMENTO E CAPITAL INTELECTUAL

    Directory of Open Access Journals (Sweden)

    Nara Medianeira Stefano

    2014-06-01

    Full Text Available O desenvolvimento da economia baseada no conhecimento se destaca pelo fato da competitividade depender, em grande parte, da utilização produtiva do conhecimento, do que de ativos físicos tradicionais. A ideia de que os investimentos em Capital Intelectual (CI são importantes tem sido um tema de destaque em muitas áreas da literatura. Investir em CI é fundamental para garantir que as empresas saibam como executar estratégias operacionais que melhorem o seu desempenho. Neste contexto, por meio de uma pesquisa caráter bibliográfico este trabalho tem o objetivo de explorar questões a respeito da Gestão do Conhecimento (GC, ativos intangíveis e Gestão do Capital Intelectual (CI, bem como relacionar a GC com o CI. Conclui-se que embora a GC e a GCI atendam focos diferentes, elas se complementam.

  19. INNOVATIVE SYSTEM OF FIXED CAPITAL REPRODUCTION

    Directory of Open Access Journals (Sweden)

    G. S. Merzlikina

    2015-01-01

    Full Text Available The article presents the basic problems of fixed capital reproduction. There are considered a significant depreciation of fixed assets of Russian enterprises. There are presented arguments in favor of urgency of the problem of reproduction of fixed assets of the Russian Federation. The paper presents theoretical evidence base basic types of fixed capital reproduction. There are identified all possible sources of simple and expanded reproduction of capital. There are considered the role of value and feasibility of depreciation in the formation of Reserve reproduction. Suggested the formation of accounting and analytical management provision fixed capital, as well as an innovative system of fixed capital reproduction, which implies the creation of depreciation , capital, revaluation, liquidation reserves. The algorithm of business valuation based on an innovative system of capital reproduction. The algorithm and the possibility of formation of reserves are considered on a concrete example of one of the industrial enterprises of the city Volgograd. On the basis of the algorithm presented calculations of business valuation of the enterprise. Calculations have shown an increase in value of the business condition of the formation of special reserves, which underlines the necessary and urgency of their formation in accounting policy and economy organizations and enterprises of Russia as a whole.

  20. Human and Inhuman Capital, and Schooling

    Directory of Open Access Journals (Sweden)

    Primož Krašovec

    2014-06-01

    Full Text Available Theories of human capital are becoming an increasingly common reference in both newer pedagogical theories as well as political documents, outlining the plans for reforms of science and education. As a part of broader ideology of knowledge society, human capital theories represent ideological legitimation of neoliberal trends in science and education policies. Increased investment in human capital on both social and individual level is supposed to increase the competitiveness of the economy as a whole as well as employability and welfare of individuals. In the first part of the article, we sketch the intellectual history and the socio-political context of the development of theories of human capital. Second part is dedicated to a critique of characteristically neoliberal equalization of labor with capital and of a theory, according to which investment in human capital brings profits to individual workers. In the third part, we outline a general socio-historical dynamics of the development of high-tech capitalism and show that “investments in human capital” and economic innovations do not bring about increased social welfare. In the fourth, final part, we analyze in detail how current educational reforms impact the learning process and working conditions at public universities.

  1. Manufacturing Capital Lingers in the Stock Market

    Institute of Scientific and Technical Information of China (English)

    吴程涛; 段铸; 张景宇; 张曙光

    2008-01-01

    Pressured by a slowdown in exports, cost increases and dwindling returns to manufacturing investments, China’s manufacturing capital has begun to shift to the real-estate and stock markets. As a matter of fact, the stock market had already felt a shock a couple of years ago when top domestic manufacturers like Midea, Gree, TCL and LMZ started to invest their idle capital in the real-estate and stock markets. Investments of manufacturing capital in both the real estate and stock markets have increased fluid capital and pushed up the value of both markets. Booms in both markets have in turn guaranteed investment returns of manufacturing capital, which further increased the stock market valuations of manufacturing capital. Such a cycle has created interest chains between listed manufacturers, the stock market and the real-estate market. Along with the ups and downs of the stock and real-estate markets, manufacturing capital now faces a dilemma: to escape or to persist? Where should it escape? When can the markets be profitable again? Just like the classic Shakespearean question: to be or not to be, that is the question.

  2. Greens of the European Green Capitals

    Science.gov (United States)

    Cömertler, Seval

    2017-10-01

    Well established and maintained green areas have a key role on reaching the high quality of life and sustainability in urban environments. Therefore, green areas must be carefully accounted and evaluated in the urban planning affairs. In this context, the European Green Capitals, which attach a great importance to the green areas, have a great potential to act as a role model for both small and big cities in all around the world. These leading cities (chronologically, Stockholm, Hamburg, Vitoria-Gasteiz, Nantes, Copenhagen, Bristol, Ljubljana, Essen and Nijmegen) are inspiring for the other cities which seek to achieve more sustainable and environmentally friendly places through green areas. From this point of view, the aim of this paper was to investigate the green areas of the European Green Capitals. The paper covered whole European Green Capitals, and the application form of each Green Capital was used as a primary data source. Consequently, the paper put forwarded that the European Green Capitals have considerably large amount and high proportion of green areas. Further, these cities provide an excellent access to the public green areas. As a result of abundant provision and proper distribution, the almost all citizens in most of the Green Capitals live within a distance of 300 meters to a green area. For further researches, the paper suggested that these green capitals should be investigated in terms of their efforts, measures, goals and plans, policies and implications to administer, to protect, to enhance and to expand the green areas.

  3. Human capital in low-tech manufacturing

    DEFF Research Database (Denmark)

    Hansen, Teis; Winther, Lars; Hansen, Ronnie Fibæk

    2014-01-01

    An essential feature associated with the rise of the knowledge economy has been the increasing focus on the importance of human capital as a precondition for economic growth. Human capital has been found to have a positive impact on the economic growth of high-tech industries, however, the influe......An essential feature associated with the rise of the knowledge economy has been the increasing focus on the importance of human capital as a precondition for economic growth. Human capital has been found to have a positive impact on the economic growth of high-tech industries, however......, the influence of human capital on the development of low-tech industries is yet to be analysed. This paper provides such an examination of low-tech industries based on an analysis of employment data within manufacturing industries in Denmark in the period 1993–2006. The findings highlight, first, that human...... capital appears to be equally important for economic development in low-tech industries and, second, that the divide between the large urban regions, especially Copenhagen, and the rest of the country plays the primary role in explaining the geography of human capital. These findings stress the relevance...

  4. Reducing the cost of health care capital.

    Science.gov (United States)

    Silberman, R

    1984-08-01

    Although one may ask four financial experts their opinion on the future of the hospital capital market and receive five answers, the blatant need for financial strategic planning is evident. Clearly, the hospital or system with sound financial management will be better positioned to gain and/or maintain an edge in the competitive environment of the health care sector. The trends of the future include hospitals attempting to: Maximize the efficiency of invested capital. Use the expertise of Board members. Use alternative capital sources. Maximize rate of return on investments. Increase productivity. Adjust to changes in reimbursements. Restructure to use optimal financing for capital needs, i.e., using short-term to build up debt capacity if long-term financing is needed in the future. Take advantage of arbitrage (obtain capital and reinvest it until the funds are needed). Delay actual underwriting until funds are to be used. Better management of accounts receivable and accounts payable to avoid short-term financing for cash flow shortfalls. Use for-profit subsidiaries to obtain venture capital by issuing stock. Use product line management. Use leasing to obtain balance sheet advantages. These trends indicate a need for hospital executives to possess a thorough understanding of the capital formation process. In essence, the bottom line is that the short-term viability and long-term survival of a health care organization will greatly depend on the financial expertise of its decision-makers.

  5. CAPITAL FLOWS AND THEIR SECTORAL DESTINATIONS

    Directory of Open Access Journals (Sweden)

    Petris Sorina

    2012-07-01

    Full Text Available Since 2003, New European Union Member States have made large capital inflows, which led to a credit crunch and recession. Whether they are foreign direct investment, or banking flows, capital inflows ultimately affect GDP, depending on how they are invested. In the specialty literature, analysis of capital flows was done especially in terms of their structure, with a lack of analysis in terms of final destination of capital inflows. Therefore, we analyzed the effect of capital inflows on GDP in the New Member States of the European Union (Bulgaria, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Romania and Slovakia over the last economic cycle. Based on experiences of the new Member States during the recent boom and crisis, the paper studies the impact of capital inflows on GDP growth, inflows channeled to economic sectors, such as real estate and corporate investment sector. The results of this research tries to highlight the extent to which the final destination of capital flows is important for the evolution of GDP.

  6. GOVERNMENT INTERVENTIONS IN THE VENTURE CAPITAL MARKET HOW JEREMIE AFFECTS THE HUNGARIAN VENTURE CAPITAL MARKET?

    Directory of Open Access Journals (Sweden)

    Fazekas Balazs

    2014-07-01

    Full Text Available JEREMIE (Joint European Resources for Micro to Medium Enterprises program was implemented as a part of the EU cohesion policy in the framework of 2007-2013 programming period. The primary objective of the program was to enhance the financing prospects of SME’s through structural funds that provide financial engineering instruments like loan, guarantee and venture capital. This paper focuses on the effects of JEREMIE on Hungary’s venture capital market. Since 2010, 28 JEREMIE backed venture capital funds were founded in four rounds and 130 billion HUF capital was allocated into these funds with the contribution of Hungarian government. A well-established venture capital market can boost entrepreneurship and innovation, therefore economic growth which is the foundation of government involvement. On the other hand, there is an extensive literature highlighting the limits and possible drawbacks of the active role of public sector in the venture capital market. There is a consensus in the literature that in the long run the extensive role of government in venture capital industry is counterproductive. Substituting market participants by government agencies will hardly result in a competitive and efficient market. However, temporarily as a catalyst public sector can contribute to the development of venture capital market. Direct government intervention supportable temporarily only in the infancy of the industry. The primary objective of every program must be to develop the market to the level where it becomes self-sustaining. This way the success of these programs must not be measured only by the amount of invested capital, financial performance of venture capital funds and venture capital backed companies. Raising private sector awareness and the progress of necessary institutions are also the criteria of a successful program. During the design and implementation of venture capital agendas these aspects must be taken into consideration. This

  7. FINANCIAL INTERMEDIARIES’ ACTIVITY ON ROMANIAN CAPITAL MARKET

    Directory of Open Access Journals (Sweden)

    Dumitru-Cristian OANEA

    2014-11-01

    Full Text Available The financial shifts encountered in the last decade, increase the importance of capital markets in emerging countries, which is also Romania’s case. The banking system was for a long period of time the main source of liquidity for the economy. Meanwhile, the situation is changing due to the importance that capital market has in financing the economy. Through this paper we analyze the transactions’ evolution made by financial intermediaries on Romanian capital market, by highlighting the Societies for Financial Services and Investments (SSIF. Based on this evolution, we identified the main significant differences and similarities between the SSIFs existing on the market.

  8. Realizing the financial benefits of capitation arbitrage.

    Science.gov (United States)

    Sussman, A J; Fairchild, D G; Colling, M C; Brennan, T A

    1999-11-01

    By anticipating the arbitrage potential of cash flow under budgeted capitation, healthcare organizations can make the best use of cash flow as a revenue-generating resource. Factors that determine the magnitude of the benefits for providers and insurers include settlement interval, withhold amount, which party controls the withhold, and incurred-but-not-reported expenses. In choosing how to structure these factors in their contract negotiations, providers and insurers should carefully assess whether capitation surpluses or deficits can be expected from the provider. In both instances, the recipient and magnitude of capitation arbitrage benefits are dictated largely by the performance of the provider.

  9. RELATIONSHIP BETWEEN ECONOMIC GROWTH AND HUMAN CAPITAL

    Directory of Open Access Journals (Sweden)

    Mihaela Tania SANDU

    2010-02-01

    Full Text Available Recognizing the importance of infl uence exerted by human capital oneconomic growth of a country, to base decisions regarding the need to invest in such type of capital there are conducted studies and used different models for analysis related to a series of macroeconomic and demographic indicators.We present the main indicators and dynamics of human capital, placedin the economic context of Romania, with reference, in bringing out statistics data, to an average period of time (between 1994-2008 characterized at macroeconomic level, both by recession and economic growth periods. There were also highlighted indicators and dynamics, both at national and individual level.

  10. The political dimension of "linking social capital"

    DEFF Research Database (Denmark)

    Rubin, Olivier

    2016-01-01

    . Through an analysis of existing analytical practices, the article concludes that linking social capital is often subordinated to the two related social capital concepts of bonding and bridging, and that linking social capital is often exclusively defined and operationalized based on expressions...... of organizational trust and participation. The article proposes a recalibration to encompass the political dynamics, and political survival theory is recommended as a way to address the hitherto underexplored governance dimension. Rather than using trust as the analytical pivot, this analytical entry point may...

  11. Using the capital markets in Ras Gas

    International Nuclear Information System (INIS)

    Voge, B.; Penzer, M.

    1997-01-01

    In December 1996, Ras Laffan Liquefied Natural Gas Company Ltd (Ras Gas) closed a multi-source financing that included an offering of US$1.2bn of bonds. The sponsors of the Ras Gas project overcame a number of obstacles on the road to closing the capital markets offering. This article provides a general overview of capital markets offerings in international project financings and discusses how Ras Gas was able to successfully integrate a capital markets offering into a financing plan which included a commercial bank facility and several export-credit agency facilities. (Author)

  12. The Coolness of Capitalism Today

    Directory of Open Access Journals (Sweden)

    Jim McGuigan

    2012-05-01

    Full Text Available This paper is about the reconciliation of cultural analysis with political economy in Marxist-inspired research on communications. It traces how these two traditions became separated with the development of a one-dimensional and consumerist cultural studies, on the one-hand, and a more classically Marxist political economy of communications, on the other hand, that was accused of holding a simplistic and erroneous concept of ideology. The paper defends a conception of ideology as distorted communication motivated by unequal power relations and sketches a multidimensional mode of cultural analysis that takes account of the moments of production, consumption and textual meaning in the circulation of communications and culture. In accordance with this framework of analysis, the cool-capitalism thesis is outlined and illustrated with reference to Apple, the ‘cool’ corporation. And, the all-purpose mobile communication device is selected as a key and urgent focus of attention for research on commodity fetishism and labour exploitation on a global scale today.

  13. The social architecture of capitalism

    Science.gov (United States)

    Wright, Ian

    2005-02-01

    A dynamic model of the social relations between workers and capitalists is introduced. The model self-organises into a dynamic equilibrium with statistical properties that are in close qualitative and in many cases quantitative agreement with a broad range of known empirical distributions of developed capitalism, including the power-law firm size distribution, the Laplace firm and GDP growth distribution, the lognormal firm demises distribution, the exponential recession duration distribution, the lognormal-Pareto income distribution, and the gamma-like firm rate-of-profit distribution. Normally these distributions are studied in isolation, but this model unifies and connects them within a single causal framework. The model also generates business cycle phenomena, including fluctuating wage and profit shares in national income about values consistent with empirical studies. The generation of an approximately lognormal-Pareto income distribution and an exponential-Pareto wealth distribution demonstrates that the power-law regime of the income distribution can be explained by an additive process on a power-law network that models the social relation between employers and employees organised in firms, rather than a multiplicative process that models returns to investment in financial markets. A testable consequence of the model is the conjecture that the rate-of-profit distribution is consistent with a parameter-mix of a ratio of normal variates with means and variances that depend on a firm size parameter that is distributed according to a power-law.

  14. Análise da influência do capital estrutural no sucesso de startups incubadas: uma pesquisa com 21 empreendedores

    Directory of Open Access Journals (Sweden)

    Elizandra Machado

    2016-04-01

    Full Text Available Promover o desenvolvimento de novas empresas tem sido um campo vasto de pesquisa. Observa-se que a iniciativa perpassa diversos setores da economia, iniciando-se pelo empreendedor, mas alcançando apoio do governo, órgãos de fomento, universidades e incubadoras de empresas. Há atualmente uma rede de organizações, dentre as quais ANPROTEC e o Sebrae que, juntamente com as incubadoras, tem procurado criar um ambiente em que novas empresas surjam e se desenvolvam, em que o conhecimento e o capital intelectual sejam potencializados. Nesse sentido, o objetivo geral dessa pesquisa foi analisar a influência do capital estrutural no sucesso de startups incubadas. A criação de startups tem sido cada vez mais reconhecida como um importante elemento para o desenvolvimento econômico brasileiro. Já o capital estrutural é um dos componentes do capital intelectual e possui como exemplos a infraestrutura física e tecnológica de uma empresa. Nesse contexto, entretanto, existe uma carência de trabalhos científicos que demonstrem a relação do Capital Estrutural (CE com o sucesso de startups incubadas. No desenvolvimento, ocorreu a determinação dos construtos de CE em startups incubadas e a identificação dos critérios para análise do CE em startups incubadas. E na comprovação empírica, foi validado o instrumento com seis gestores de incubadoras da região Sul do Brasil e realizada a aplicação em 21 startups incubadas, sendo que 04 delas de insucesso, 06 graduadas e 11 incubadas. Foi possível identificar que o Capital Estrutural tem influência no sucesso de startups incubadas, principalmente no que se refere ao apoio físico e tecnológico recebido das incubadoras. 

  15. Knowledge Dynamics Impact on Intellectual Capital in Organizations

    Directory of Open Access Journals (Sweden)

    Ruxandra BEJINARU

    2016-12-01

    Full Text Available The purpose of this paper is to show the influence of knowledge dynamics processes upon the intellectual capital in organizations. In the literature, the authors focus on knowledge dynamics and knowledge management or intellectual capital but very few papers discuss the influence of knowledge dynamics upon the structure and functionality of intellectual capital in organizations. We use a conceptual approach based on the theory of multifield organizational knowledge and the theory of organizational integrators to demonstrate that intellectual capital structure results from the organizational knowledge dynamics. The well-known model of intellectual capital based on human capital, structural capital and relational capital appears as a meta-model that can be decomposed into rational capital, emotional capital and spiritual capital in organizations.

  16. FAIR VALUE IMPLICATIONS ON ROMANIAN CAPITAL MARKET

    Directory of Open Access Journals (Sweden)

    Ciprian-Dan COSTEA

    2014-12-01

    Full Text Available Fair value generated intense debate during the last years, as the financial turmoil influenced many economies and capital markets, including the Romanian ones, too. Some researchers and professionals consider fair value in charge with the financial crisis and they ask for historical cost accounting basis for financial reporting. Fair value has its supporters, too. They consider that fair value reflects the effects of changes in market conditions when they take place, and accounting information is more reliable in this framework. Following recent regulations, Romanian entities activating on capital market as investors in capital market instruments, or whose shares are traded on a regulated market, must prepare their individual financial statements in accordance with the International Financial Reporting Standards. The study provides some conclusions that could enlarge the utility of fair value related to entities that activate on Romanian capital market.

  17. Danish Capitalism in the 20th Century

    DEFF Research Database (Denmark)

    Iversen, Martin Jes; Sløk-Madsen, Stefan Kirkegaard

    marked by large-scale redistribution and a very active public sector. The purpose of this book project is to analyze development of Danish capitalism in the 20th century. The first of our hypothesis state that the phases of Danish capitalism and the general corporate strategies reflected each other...... how the corporate strategies shaped and was shaped by the changing nature of Danish capitalism. Such a work as this is important as it bears testimony to the changing nature of market institutions. A descriptive and analytic exercise such as proposed here have only to a limited extent been carried out...... in the Danish language, and never in a compiled, comprehensive, and connected work. The English language situation for understanding Danish capitalism is even more dire, which leads to increasing, and likely reinforcing, stereotypes and myths about “the fairytale country”....

  18. Capital renewal as a real option

    NARCIS (Netherlands)

    Reindorp, M.J.; Fu, M.C.

    2011-01-01

    We consider the timing of replacement of obsolete subsystems within an extensive, complex infrastructure. Such replacement action, known as capital renewal, must balance uncertainty about future profitability against uncertainty about future renewal costs. Treating renewal investments as real

  19. SPECIFIC MODELS OF REPRESENTING THE INTELLECTUAL CAPITAL

    Directory of Open Access Journals (Sweden)

    Andreea Feraru

    2014-12-01

    Full Text Available Various scientists in the modern age of management have launched different models for evaluating intellectual capital, and some of these models are analysed critically in this study, too. Most authors examine intellectual capital from a static perspective and focus on the development of its various evaluation models. In this chapter we surveyed the classical static models: Sveiby, Edvisson, Balanced Scorecard, as well as the canonical model of intellectual capital. In a spectral dynamic analysis, organisational intellectual capital is structured in: organisational knowledge, organisational intelligence, organisational values, and their value is built on certain mechanisms entitled integrators, whose chief constitutive elements are: individual knowledge, individual intelligence and individual cultural values. The organizations, as employers, must especially reconsider those employees’ work who value knowledge because they are free to choose how, and especially where they are inclined to invest their own energy, skills and time, and they can be treated as freelancers or as some little entrepreneurs .

  20. Capital budgeting practices in Indian companies

    Directory of Open Access Journals (Sweden)

    Roopali Batra

    2017-03-01

    Full Text Available The volatility of the global economy, changing business practices, and academic developments have created a need to re-examine Indian corporate capital budgeting practices. Our research is based on a sample of 77 Indian companies listed on the Bombay Stock Exchange. Results reveal that corporate practitioners largely follow the capital budgeting practices proposed by academic theory. Discounted cash flow techniques of net present value and internal rate of return and risk adjusted sensitivity analysis are most popular. Weighted average cost of capital as cost of capital is most favoured. Nevertheless, the theory-practice gap remains in adoption of specialised techniques of real options, modified internal rate of return (MIRR, and simulation. Non-financial criteria are also given due consideration in project selection.