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Sample records for capital proprio para

  1. A proposal for evaluation of the owner capital cost for the Brazilian electric power sector; Uma proposta de avaliacao do custo do capital proprio para o setor de energia eletrica brasileiro

    Energy Technology Data Exchange (ETDEWEB)

    Serrano, Ricardo Oliveira L.

    2003-12-01

    This work studies the owner capital cost of the brazilian electric sector, according to three methods: Comparable Accounting Earnings, that uses historical values in its measuring and Discounted Cash Flow (DCF) and the Capital Asset Pricing Model (CAPM), elaborated from the expected values. The obtained results by using the CAE method showed that the Brazilian electric sector has not been rewarded in its real necessity of maintenance and expansion. From this observation, it was considered appropriated not to take this method in the methodology presently proposed, which will be using only the single average of the CAPM and DCF models. The use of the results single average of this model presents the advantage of selecting specific characteristics of each one, and diluting the effects of occasional peak values. The owner capital cost obtained from this work was the average value of 19.73% for the studied period - 1995/2003 (17.12% for 2003), proximate to the obtained result by ANEEL - brazilian agency of electric power - for investments in energy distribution in Brazil, 17.47%, while Minardi and Sanvicente (2003) obtained 36.06% for the owner capital cost of CEMIG in 2002, specifically.

  2. A proposal of cost evaluation of own capital for the Brazilian electric sector; Uma proposta de avaliacao do custo do capital proprio para o setor de energia eletrica brasileiro

    Energy Technology Data Exchange (ETDEWEB)

    Serrano, Ricardo Oliveira L.

    2003-12-01

    This work studies the own capital cost of the Brazilian electric sector, by using three methodologies: Comparable Accounting Results (CAR), using historical values for measurement, Discounted Cash Flow (DCF) and the CAPM, elaborated from expected values.The obtained results by using the CAR method indicated that the Brazilian electric power sector is not receiving remuneration according to the real maintenance and expansion necessities. Based on this observation, it was considered appropriated to discard the CAR method in the proposed methodology, therefore using the simply average of the CAPM e DCF models. By using the simply average of the models presents the advantage of capturing specific characteristics of each model, and to dilute effects of eventual extreme values.

  3. Wind energy in Brazil. Systemic risks and the cost of the own capital in the context of the cleaning development mechanism; Energia eolica no Brasil. Riscos sistemicos e o custo do capital proprio no contexto do mecanismo de desenvolvimento limpo

    Energy Technology Data Exchange (ETDEWEB)

    Lisboa, Cristines [IBMEC, Rio de Janeiro, RJ (Brazil)], E-mail: cristines.lisboa@gmail.com; Hauser, Philip, E-mail: philipphauser@web.de; Medeiros, Anamelia, E-mail: anameliam@yahoo.com.br

    2010-07-01

    This paper analyses the capital cost of technology based on the CDM rules and the financial practice established and applied by the ANEEL, viewing the establishment of a reference rate for the discussion of financial additional of the projects.

  4. Confianza y capital social: evidencia para México

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    Rubén Martínez-Cárdenas

    2015-01-01

    Full Text Available Desde la perspectiva económica la confianza entre los miembros de una sociedad está asociada al funcionamiento eficiente de los mercados, al reforzamiento de contratos y, en general, a la capacidad para generar desarrollo y bienestar. En este artículo exploramos empíricamente los determinantes de la confianza en México, en particular, aislamos la relación entre dos medidas de capital social, una para el individuo y otra para su entorno. Nuestros resultados muestran que la confianza aumenta con estas medidas de capital social y con ausencia de se - gregación es mayor en comunidades pequeñas, a mayor edad y para habitantes del centro-occidente, entre otras.

  5. CAPITAL SOCIAL: IMPORTANCIA DE LAS MEDICIONES PARA COLOMBIA

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    Julio Foliaco-Gamboa

    2013-07-01

    Full Text Available The social capital as new research paradigm contributes to find out answers to big differences between social and economic development. International institutions and countries have intensified on these researches since the eighty´s decade. The specific purposes are: 1. Analyzing the concept of social capital as a new and universal research paradigm; 2. Enhance the results of measurements and research made in Colombia with Professor John Sudarsky’s leadership since 1997; 3. Compare the national measurements of social capital with those of other countries and regions; 4. Establish the structural reasons of the Colombian low social capital, making some reflections towards its improvement.

  6. TASA DE RENDIMIENTO DE CAPITAL DE COLOMBIA PARA EL PERIODO ENTRE 1990 Y 2001

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    Ana María Tribín Uribe

    2006-01-01

    Arnold Harberger en 1969 estimó la tasa de rendimiento de capital para Colombia. En su investigación desarrolló una metodología para calcular las variables relevantes que se necesitan para estimarla. Este trabajo replica la metodología de Harberger con datos recientes y encuentra el costo de oportunidad del capital para tres escenarios diferentes. En el primer escenario se toman los datos de las Cuentas Nacionales y de las Naciones Unidas y se desarrolla la metodología de Harberger, los resul...

  7. ESTRATEGIA PARA INTEGRAR LA GESTIÓN DEL CAPITAL HUMANO A LA GESTIÓN EMPRESARIAL

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    Margarita Rodríguez Ariosa

    2010-12-01

    Full Text Available El artículo presenta el diseño e implementación de una estrategia para la integración de la gestión del capital humano a la estrategia empresarial, aplicada en el Grupo de la Construcción de Varadero y sus diez empresas en perfeccionamiento. La estrategia de gestión del capital humano parte de determinar fundamentos metodológicos que permitan desprender la concepción utilitaria de la gestión y responder a la interrogante de cómo perfeccionar la gestión del capital humano para que se integre mejor a la estrategia empresarial en función de la efectividad en el GECV. Se describe la implementación de la estrategia en fases que parten de un diagnóstico de la gestión del capital humano enfocada al cumplimiento de la estrategia empresarial. El monitoreo y retroalimentación de la propuesta realizada evidencia que la gestión del capital humano desde su concepción impacta en los resultados de los indicadores de eficiencia de las empresas.AbstractThe article presents the design and implementation of a strategy for the integration of human capital management into business strategy, applied to the Varadero´s Construction Group and its ten enterprises. The strategy of human capital management starts from determining methodological foundations to allow the release of the utilitarian conception of management and to answer the question about how to improve human capital management to be better integrated with business strategy in terms of effectiveness in the GECV. The implementation of the strategy is described in phases, starting from a diagnosis of human capital management compliance-focused business strategy. Monitoring and feedback of the proposal made clear that human capital management impacts, since its inception, on the results of efficiency indicators of enterprises.

  8. El capital social como factor para el desarrollo en el Pueblo Mágico de Tapijulapa

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    Jose Raul Luyando Cuevas

    2016-01-01

    Full Text Available El capital social es un factor de integración con el que se pueden lograr avances en el desarrollo de una localidad, debido a las relaciones solidarias que se entretejen entre sus miembros. Esta investigación articula un análisis de la confianza y las redes sociales como fuentes de capital social que pueden facilitar u obstaculizar el proceso de cambio y de desarrollo en el Pueblo Mágico de Tapijulapa. Los resultados obtenidos mediante análisis factorial –utilizando la técnica de componentes principales– muestran la relevancia del capital social en el proceso de construcción de relaciones mutuamente beneficiosas que sirven de sustento para generar un mayor beneficio entre sus pobladores. Ponen especial atención a la participación de individuos y agrupaciones nativas para que, en conjunto con las externas, puedan consolidar las acciones, programas y proyectos.

  9. The Case for Hand Stencils and Prints as Proprio-Performative

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    Patricia Dobrez

    2013-12-01

    Full Text Available Hand stencils and prints are found globally in rock art, reflecting the sine qua non role of the hand in human evolution. The body itself is the tool, and it affords the registering, in the form of a trace, of what perceptual psychology terms an “ecological self”. More than a “signature”, a hand mark is uniquely “proprio-performative”, combining inscription of individuality with direct address. The first part of this paper looks at what might get in the way of a universally readable primary meaning by methodically addressing issues of technique and cultural specificity. Having cleared the ground, it proceeds to make its argument for hand stencils and prints as constituting a special category of rock art imagery. It does this by having recourse to ideas currently under discussion in cognitive psychology: awareness of self-agency and body-ownership, as well as the notion of perceived looming in pictures. Finally, an appeal is made to the claim for a key mirror neuron role in communication. Because they are traces of actions eliciting mirror-neuronal responses, hand marks are seen as affording a readily accessible external term in an exchange of meaning on which a system of graphic communication might be built.

  10. Evaluación de la Necesidad de un Aumento General de Capital del Capital Ordinario y una Reposición de Recursos del Fondo para Operaciones Especiales: Avances y Próximos Pasos

    OpenAIRE

    Banco Interamericano de Desarrollo (BID)

    2009-01-01

    Da a conocer el primer documento de trabajo sobre la evaluación de la necesidad de un Aumento General de Capital del Capital Ordinario y una Reposición de Recursos del Fondo para Operaciones Especiales.

  11. CAPITAL SOCIAL ORGANIZACIONAL BASE DE LA SUSTENTABILIDAD ORGANIZACIONAL PARA EL DESARROLLO AMBIENTAL Y ECONÓMICO

    OpenAIRE

    José G. Vargas-Hernández

    2010-01-01

    Este trabajo analiza la sustentabilidad de las organizaciones que realizan actividades de explotación del tule Thypha spp en la Laguna de Zapotlán y su impacto en el desarrollo socioeconómico y ambiental de los municipios de Gómez Farías y Zapotlán el Grande. La hipótesis inicial delimita el escaso capital social de las organizaciones limita la sustentabilidad del desarrollo, a pesar de que contribuye al crecimiento de ingresos para más de 300 familias de San Sebastián del Sur y en menor esca...

  12. Tasa de depreciación de capital humano: Evidencia empírica para Argentina

    OpenAIRE

    Vignoli, Guido

    2012-01-01

    El presente trabajo tiene por objeto demostrar la existencia de la Tasa de Depreciación del Capital Humano en Argentina, haciendo uso de un modelo sencillo que permita incorporar la obsolescencia de sus dos principales fuentes de acumulación, escolaridad y experiencia. Usando los datos provistos por la EPH elaborada por INDEC para el IV trimestre de 2011, se pudo obtener los resultados que prueban dicha hipótesis, evidenciando además que la misma no es constante. Al permitir la identificación...

  13. Análisis del stock del capital humano para los grandes aglomerados de la Argentina

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    Gabriel Amós Fridrij

    2008-02-01

    Full Text Available El objetivo del presente trabajo es describir el cambio en el stock de capital humano, entre los años 1995 y 2006, medido por los niveles de educación formal alcanzados por la población económicamente activa (PEA, para los grandes aglomerados de Rosario, Tucumán, Mendoza, Córdoba y GBA de la República Argentina y también para Salta. Luego comparar el desempeño relativo de la provincia de Tucumán con las mismas. También se analizan los ingresos de los diferentes niveles de capital humano acumulado por año y por provincia. Además se realizará el planteo teórico de un modelo econométrico con el objeto de explicar cuales son los factores que determinan las diferencias en la performance de cada provincia. Por último se presentan las conclusiones que surgen del análisis.

  14. O conceito de capital social é relevante para explicar a pobreza e a riqueza das nações

    OpenAIRE

    Silva, Marcos Fernandes Gonçalves da

    2000-01-01

    O objetivo deste artigo é definir capital social, distinguindo-o do conceito mais abrangente de infra-estrutura social e indicar como poderíamos incluir tal variável num modelo de crescimento econômico, dado que o impacto do capital social sobre o crescimento tenderia a ser semelhante à introdução de externalidades de rede num mode lo de crescimento endógeno ou a um aumento da produtividade ou afetar a acumulação de capital num modelo neoclássico. Por fim, tentarei abrir espaço para estudos e...

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

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    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.

  16. ¿Pueden las escuelas - empresa de turismo, construir capital social para mejorar la calidad de vida de las personas?

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    N. Constanza Olaya Cantor

    2008-11-01

    Full Text Available Este artículo presenta los resultados del proyecto de investigación “¿Pueden las Escuelas-empresa de Turismo, construir Capital Social para mejorar la calidad de vida de las personas?” presentado en cumplimiento de los requerimientos para el MSc. In Development Administration and Planning de la Development Planning Unit de University College London. El proyecto de investigación analiza la construcción del capital social a través de la educación superior vocacional y de entrenamiento, específicamente en las escuelas-empresa de turismo. El objetivo de la investigación fue el entender cómo las escuelas-empresa de turismo pueden ayudar a las comunidades para relacionarse con otros actores en las esferas del Estado, el mercado y la sociedad civil para acceder, defender y transformar recursos para el beneficio individual y colectivo. Para este propósito, la investigación elabora en el capital social como herramienta analítica, desarrollando un marco específico para evaluar la construcción de capital social en las escuelas-empresa de turismo. Basado en este marco analítico, se presentan dos casos de estudio, uno en Ecuador y otro en Guatemala. En estos casos, las escuelas-empresa de turismo han sido establecidas y trabajan con comunidades locales en áreas selváticas de Latinoamérica.

  17. Evaluación de la Necesidad de un Aumento General de Capital del Capital Ordinario y una Reposición de Recursos del Fondo para Operaciones Especiales: Avances y Próximos Pasos Title: Avaliação da necessidade de um aumento geral do capital do capital ordinário e reposição do Fundo de Operações Especiais: progresso e próximos passos

    OpenAIRE

    Banco Interamericano de Desarrollo (BID)

    2009-01-01

    Da a conocer el primer documento de trabajo sobre la evaluación de la necesidad de un Aumento General de Capital del Capital Ordinario y una Reposición de Recursos del Fondo para Operaciones Especiales.

  18. Términos, cláusulas y condiciones para la incorporación de capital de riesgo

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    Hernán Alonso Bafico

    2016-09-01

    Full Text Available El presente trabajo caracteriza y analiza las cuestiones que normalmente debe negociar el emprendedor, para obtener financiamiento mediante la incorporación de inversores de capital de riesgo. En la primera sección se describen brevemente los tipos de inversores en este mercado. Se analiza luego el empleo de ciertas disposiciones, algunas típicas de los llamados pactos parasocietarios, que son en ocasiones requeridos para avanzar en el proceso de incorporación de nuevos inversores. La estructura típica de los acuerdos empleados para la incorporación de capital de riesgo, es presentada para luego analizar las distintas cláusulas que se negocian entre emprendedores e inversores. Las disposiciones se agrupan en tres títulos, según versan sobre los siguientes aspectos: control del negocio y gobernancia; monitoreo operativo y financiero del negocio; y condiciones y valor de los títulos a emitir. Tanto la caracterización de los covenants, como los tipos más empleados se presentan en una sección particular. Aspectos cualitativos relevantes completan el análisis, para un adecuado panorama de cuestiones estratégicas, financieras y económicas que el emprendedor debe conocer bien al evaluar las posibilidades de expansión de su negocio mediante la incorporación de inversores en títulos híbridos y de capital.

  19. CAPITAL SOCIAL ORGANIZACIONAL BASE DE LA SUSTENTABILIDAD ORGANIZACIONAL PARA EL DESARROLLO AMBIENTAL Y ECONÓMICO

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    José G. Vargas-Hernández

    2010-07-01

    Full Text Available Este trabajo analiza la sustentabilidad de las organizaciones que realizan actividades de explotación del tule Thypha spp en la Laguna de Zapotlán y su impacto en el desarrollo socioeconómico y ambiental de los municipios de Gómez Farías y Zapotlán el Grande. La hipótesis inicial delimita el escaso capital social de las organizaciones limita la sustentabilidad del desarrollo, a pesar de que contribuye al crecimiento de ingresos para más de 300 familias de San Sebastián del Sur y en menor escala de Cd. Guzmán. El método de investigación empleado es el etnográfico, complementado con trabajo de campo apoyado con entrevistas informales, investigación documental y bibliográfica. La principal conclusión es que no existe un equilibrio entre la sustentabilidad de las organizaciones debido al escaso capital social y la sustentabilidad del desarrollo ambiental y económico que debiera ser considerado por el programa de rehabilitación de la Laguna de Zapotlán a efecto de mejorar los niveles de ingreso, rescatar y crear nuevas fuentes de empleo y mejorar los niveles de calidad de vida de las cerca de trescientas familias que dependen del cultivo y explotación artesanal del tule. Se sugiere dar mayor sustentabilidad a las micro y pequeñas empresas artesanales la creación de un programa de asesoría de exportación del producto artesanal derivado del tule a efecto de ampliar el valor agregado que proporciona el manejo propio de los procesos de comercialización en mercados internacionales.

  20. Incertidumbre, capital social y desarrollo local: enseñanzas para una gobernabilidad sostenible del territorio

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    Roberto Camagni

    2003-01-01

    Full Text Available El artículo presenta un conjunto de reflexiones sobre los cambios que se han producido en los últimos años en cuanto a los problemas de desarrollo local. En particular, enfatiza la fuerte presencia y aumento de incertidumbres y la aceptación de que los problemas territoriales y urbanos son cada vez más complejos. Todo ello se pone en relación con los requerimientos actuales de gobernabilidad y la necesidad de potenciar las instituciones y la cooperación a todos los niveles. Uno de los ejemplos positivos que contempla el artículo es el de los milieux innovateurs, cuyas características revisa como posible referencia para la generación de «capital social», aunque este concepto se toma con un sentido distinto del tradicional en Economía ya que se enfatiza su carácter de «capital de relación». En su parte final, el trabajo subraya las ventajas de la planificación estratégica que se está llevando a cabo en algunas ciudades, entendida como un proceso muy participativo, con acuerdos de cooperación entre los agentes económicos, los ciudadanos y las autoridades locales. La planificación estratégica aplicada a las ciudades, concluye el autor, constituye un excelente instrumento que permite generar nuevas formas de auto-organización y de gobernabilidad de la comunidad que colocan al conjunto de la ciudad, a los ciudadanos y no sólo a la administración local, en el centro de los procesos de decisión y de las transformaciones locales.

  1. Cultura Innovativa: Prospectiva de las condiciones estratégicas para el desarrollo del capital humano

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    Yan Carlos Ureña Villamizar

    2015-03-01

    Full Text Available En toda entidad el desarrollo de la cultura ayuda al crecimiento de lo novedoso, permitiendo que las actividades se lleven de forma fácil y acertadas dejando generar conocimientos manejados por cada uno de los individuos. Tomando en cuenta la realidad de las empresas la cultura innovativa ayuda a mejorar así como generar alternativas en la tecnología utilizadas en las cuales se adaptan los valores y conocimientos aunque muchas veces los empleados se rehúsan a los cambios generando conflictos internos y gerenciales, ahora bien, a nivel latinoamericano se limitan en cumplir con lo establecido en la misma sin tomar en cuenta los avances y cambios tecnológicos que ayudarían al desarrollo de las actividades comerciales y gerencial. En consecuencia, en la industria Bancaria la cultura innovativa se encuentra relacionada con el desarrollo productivo de la misma en donde se toma en cuenta los conocimientos de cada individuo así como de los cambios generados en la tecnología para mejorar las actividades comerciales. Este aspecto considera los planes de mantenimientos preventivos, correctivos, entre otros, en la línea completa de servicios integrados, soluciones de seguridad, y administración de red, que al parecer, sus funciones se ven afectadas por la necesidad de logro, creatividad, pensamiento estratégico.Palabras clave: Cultura; Innovación; Capital; Recurso Humano. Innovative Culture: Prospects of the strategic conditions for the development of human capitalAbstractIn any entity the development of culture helps the growth of the new, allowing activities to be carried easily and successful leaving generate knowledge managed by each one of the individuals. Taking into account the reality of the company’s innovative culture helps to improve as well as build on technology used in which adapt values and alternatives expertise although many times employees refuse to changes generating internal and management, conflicts now, Latin America are

  2. CONSIDERACIONES PRÁCTICAS PARA LA GESTIÓN DEL CAPITAL DE TRABAJO EN LAS PyMES INNOVADORAS

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    Hugo Alfonso Vargas Arévalo

    2003-07-01

    Full Text Available Las PyMES se presentan en la actualidad como las principales empresas generadoras de empleo en Colombia. Son además un segmento empresarial de gran importancia por su contribución al PIB. Sin embargo, muchas de ellas adolecen de la gestión necesaria para convertirlas en unidades innovadoras, autosostenibles y en crecimiento. Hay, por ejemplo, una gran dificultad para obtener financiación, para vender, para generar estrategias de asociación, para gestionar recursos humanos. Este artículo se propone unificar algunos conceptos concernientes a la administración de capital de trabajo de las PyMES. Se hace énfasis en la rentabilidad y se aporta un conjunto de recursos estratégicos que puede contribuir a mejorar la gestión de este tipo de empresas en el contexto colombiano.

  3. INFLUENCIA DE LOS INVERSIONISTAS INSTITUCIONALES EN LAS DECISIONES DE ESTRUCTURA DE CAPITAL DE LA EMPRESA. Evidencia para un mercado emergente

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    Felipe Araya Sepúlveda

    2015-01-01

    Full Text Available Este artículo analiza empíricamente la influencia de las Administradoras de Fondos de Pensión (AFP como principales accionistas institucionales, sobre las decisiones de estructura de capital de la empresa chilena. Estos inversionistas pueden influir en la estructura de capital mediante distintos papeles como los de monitoreo a la gestión y de recopilación y transferencia de información al mercado. El análisis es desarrollado durante el periodo 2009-2011 para una muestra de 109 empresas chilenas que cotizan en la bolsa. Las AFP no sólo participan en el mercado accionario sino que también compiten por la deuda pública, por lo que nuestros resultados son relevantes al indicar la positiva influencia de este tipo de inversionistas en la contratación y emisión de deuda, particularmente la pública.

  4. EVALUACIÓN DE LA CALIDAD MÉTRICA PARA INDICADORES DE CAPITAL INTELECTUAL GENERADOS A PARTIR DE BASES ESTADÍSTICAS

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    Rosa María Nava Rogel

    2010-01-01

    El conocimiento es el conjunto de actividades encaminadas a crear el capital intelectual, existen estudios para medirlo en universidades europeas, difícilmente aplicables en México. Nuestro objetivo es evaluar la calidad métrica de indicadores de capital intelectual generados a partir de una base estadística en una institución de educación superior para posteriormente, elaborar un modelo especialmente diseñado para universidades mexicanas. Se identificaron indicadores a partir de la teoría, s...

  5. Gerencia efectiva y capital humano, factores pujantes para la sostenibilidad empresarial en el departamento del Quindío

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    Santa Fajardo, Laura Michel; Santa Fajardo, Magda del Pilar

    2014-01-01

    El estudio realizado en el desarrollo del proyecto de investigación “Aplicación de las dimensiones de la responsabilidad social empresarial (RSE) en las Mipymes del Quindío” ha permitido proponer la gerencia efectiva y el capital humano como factores pujantes para la sostenibilidad empresarial en el departamento, al abordar un análisis teórico sobre los elementos que afectan la categorización de las dimensiones de la responsabilidad social empresarial (RSE) y los stakeholders en las empresas ...

  6. Un método para la gerencia del capital intelectual en centros de investigación (A method for the management of intellectual capital in research centers

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    Antonio Velasco

    2017-06-01

    Full Text Available Resumen Se propone un método para analizar el balance entre los componentes del capital intelectual para su gestión en centros de investigación científica, tomando como caso un instituto de investigaciones científicas de Venezuela. El fundamento teórico del método se encuentra en el modelo Intelect y el método propuesto se centra en la determinación de los aspectos favorables y desfavorables de cada bloque del capital intelectual. La metodología sugerida es básicamente cualitativa, con investigación de campo, y diseño de estudio de caso. Se obtuvieron datos mediante aplicación de entrevistas dirigidas y análisis de documentos. Mediante el método diseñado se identificaron los factores que condicionan la gestión del conocimiento de la institución, se evaluó su balance y se diseñó un modelo de gestión del capital intelectual, adaptado a las características de la institución. En el modelo de gestión se propone el diseño de ciertas políticas, programas y acciones, enfatizando su carácter estratégico para el desarrollo del capital intelectual del personal de investigación del ente analizado. Se muestra que el método constituye un aporte interesante para el instituto y para organizaciones de similares características. English abstract We propose a method to analyze the balance between the components of intellectual capital for its management in scientific research centers, taking as a case an institute of scientific research in Venezuela. The theoretical basis of the method is found in the Intelect model and the proposed method focuses on the determination of the favorable and unfavorable aspects of each block of intellectual capital. The suggested methodology is basically qualitative, with case study design. Data were obtained through interviews and document analysis. Through the designed method, the factors that conditioned the knowledge management of the institution were identified, its balance was evaluated and a

  7. Determinantes de la estructura de capital para Pymes españolas

    OpenAIRE

    TAPIA BOIL, JOAN BAPTISTA

    2013-01-01

    [ES] En el actual estudio se analizan en primer lugar las teorías de la estructura de capital basadas en mercados perfectos como la Tesis Tradicional y la Teoría de la Irrelevancia y, por tanto, no pueden explicar grado de endeudamiento de las Pequeñas y Medianas Empres (PYMES) españolas que compiten en mercados imperfectos. Por esta razón el estudio se centra en las teorías modernas que tratan sobre la información asimétrica provocada por las diferencias de la información entre insiders y ou...

  8. PERSONAL EDUCADOR – UMA NOVA ESTRATÉGIA DO CAPITAL DE “EDUCAÇÃO” PARA O TRABALHO

    Directory of Open Access Journals (Sweden)

    Lydia Maria Pinto Brito

    2017-03-01

    Full Text Available Com a reestruturação do capital e a emergência de novos modelos de gestão do trabalho, a educação corporativa passou a ser uma das pautas mais importantes das organizações. O presente ensaio teórico tem como objetivo apresentar alguns elementos para reflexão sobre os programas de educação corporativa individualizada, ou seja, os programas de: “coaching” e “mentoring”, que aliados aos times de aprendizagem e as universidades corporativas vem suprir a necessidade do capital de promover um aprendizado permanente direcionado pelas necessidades específicas de cada empresa. Tem como referencial de análise Mészáros (2005. Verifica-se que a literatura produzida pela Administração sobre o assunto em  questão contém um discurso alinhado com o argumento da necessidade de desenvolvimento de lideranças educadoras na atualidade. Indica a apropriação pela empresa, através da mão-de-obra mais nova e consequentemente mais barata, do saber do trabalhador mais antigo e experiente, detentor do saber tácito da organização, que fica vulnerável ao processo de exclusão.

  9. Uma metodologia multicritério (MCDA-C para apoiar o gerenciamento do capital intelectual organizacional.

    Directory of Open Access Journals (Sweden)

    Sandra Rolim Ensslin

    2008-12-01

    Full Text Available Nas duas últimas décadas, o capital intelectual (CI emergiu como fator crucial paraa competitividade organizacional. Nesse contexto, a necessidade do gerenciamentodo CI tem sido destacada na literatura, por meio de abordagens para sua avaliação.Reconhecendo as vantagens dessas abordagens, Schnorrenberger (2005 e Enssline Dutra (2007 apontam sua limitação em não atender, simultaneamente, às trêsetapas do gerenciamento do CI: identificação, avaliação e recomendação de aperfeiçoamento.O objetivo deste trabalho, de caráter exploratório, consiste em construirum modelo de avaliação do CI que englobe seu gerenciamento utilizando ametodologia multicritério para apoio à decisão – construtivista (MCDA-C. Argumenta-se que a proposta conseguiu cumprir a tarefa de identificar os 57 elementosque respondem ao CI da organização pesquisada, avaliando e integrando todos oselementos, possibilitando uma visão global do desempenho e identificando os elementosdo conhecimento como os principais responsáveis pelo desempenho nãocompetitivoda organização.

  10. La región-capital, un escenario para pensar vivienda

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    Clemencia Escallón

    2008-05-01

    Full Text Available El artículo describe la primera fase de la investigación sobre la dinámica de la producción de vivienda en el eje de sabana occidente, producto del convenio entre la Universidad de Los Andes y la organización Bouwcentrum Colombia. La caracterización de los cinco municipios del eje: Funza, Madrid, Mosquera, Bojacá y Facatativa, el análisis de las características poblacionales y las propuestas de ordenamiento territorial frente al análisis de la oferta de vivienda en el mercado formal en el período 2002 -2007 y las propuestas de gestión planteadas por los alcaldes recientemente electos, permiten identificar comportamientos de la oferta y condiciones de la demanda con las cuales se construye un primer panorama de reflexión de la vivienda en la región capital. Interesa al Grupo de Investigación en Vivienda contar con más y mejores elementos de análisis que permitan contribuir al debate sobre la vivienda de interés social y la condición necesaria de un nuevo producto, un nuevo gestor y la búsqueda de un nuevo enfoque.

  11. 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

    Directory of Open Access Journals (Sweden)

    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

  12. Entrevista - Crise do Capital, disputa de destino e desafios para os trabalhadores

    Directory of Open Access Journals (Sweden)

    Reinaldo Gonçalves

    2010-05-01

    Full Text Available

    Desde 2007, temos acompanhado as notícias sobre a mais profunda crise do
    capitalismo, segundo analistas de todos os matizes, desde a grande depressão de
    1929. A crise tem seu estopim no mercado financeiro, por meio do esgotamento
    do crédito, e no epicentro do sistema, a potência econômico-militar norteamericana.
    E se alastra obrigando muitos que dormiram neoliberais num dia a
    acordarem keynesianos no outro, reivindicando mais do que nunca o suporte do
    fundo público dos Estados nacionais. A crise abre uma onda de falências,
    concordatas, aquisições e fusões, num profundo processo de concentração de
    capitais, no mesmo passo em que o desemprego se alastra como uma epidemia.
    As manifestações de trabalhadores na Europa e nos Estados Unidos no dia 1o de
    maio de 2009, muitas delas radicalizadas e unificadas como há muito não se via,
    não deixam dúvidas sobre o impacto da crise sobre os trabalhadores, que
    buscam recompor sua organização política após anos de fragmentação,
    complexificação e heterogeneização. A profundidade da crise foi subestimada no
    Brasil supostamente blindado pela gestão eficiente da política econômica,
    articulada à transferência de renda como eixo da política social. Será? Para
    comentar esses processos e alimentar nossa compreensão de seus significados e
    repercussões presentes e futuras, convidamos o economista Reinaldo Gonçalves,
    professor titular de Economia Internacional da UFRJ, autor de mais de três
    centenas de trabalhos publicados em 21 países, e com nove livros publicados no
    Brasil, em geral sobre a economia política brasileira e sua relação com o cenário
    internacional. Reinaldo Gonçalves nos alerta para a longa duração desta crise e
    para a fragilidade das

  13. Capital Social y Voluntariado: claves para un financiamiento solidario de la vivienda social. El caso de la fundación Un Techo para Chile

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    Jorge Atria

    2007-01-01

    Full Text Available Aunque en las últimas dos décadas las políticas habitacionales en Chile han introducido mejoras destacables en la comprensión y tratamiento del problema de la vivienda en los sectores más desprotegidos, aún existe una cifra importante de pobreza e indigencia, caracterizada por una evidente exclusión de distintos ámbitos de la sociedad. Esto es especialmente visible en los campamentos, entendidos como asentamientos informales precarios, donde no existe regularización de terreno ni de servicios básicos, adicionado a fenómenos de hacinamiento, segregación y discriminación. De la misma manera, aún se adolece de fórmulas que faciliten la postulación a la vivienda de manera más participativa e integradora, incorporando modelos de gestión y financiamiento alternativos a los imperantes, donde la solidaridad sea una premisa efectiva y no un discurso común. El presente artículo expone la visión y el modelo de trabajo de la fundación Un Techo para Chile (exportada a otros países de Latinoamérica con el nombre de Un Techo para mi País, resaltando el capital social y el voluntariado como estrategias fundamentales que colaboran con un financiamiento solidario de la vivienda social, facilitando la transmisión de información, la defensa de la dignidad, el aseguramiento de la calidad y la búsqueda de la excelencia en el servicio como premisas posibles en el desarrollo habitacional y urbano de las comunidades más pobres del país.

  14. Gestão de capital de giro: contribuição para as micro e pequenas empresas no Brasil

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    Deborah Moraes Zouain

    2011-06-01

    Full Text Available Este artigo trata da importância das questões de capital de giro na gestão das micro e pequenas empresas (MPE no Brasil. Apresenta-se uma revisão dos conceitos de capital de giro e da importância das MPE no Brasil, além de uma discussão sobre a relevância de uma gestão financeira de curto prazo eficiente para o sucesso de um empreendimento de pequeno porte. Com características bem definidas, as micro e pequenas empresas são responsáveis pela geração da maior parte dos empregos formais no Brasil; apesar disso, ainda não contam com uma estrutura formal de apoio de crédito. O trabalho aponta como fator relevante para o sucesso das micro e pequenas empresas ter um bom gerenciamento do capital de giro. O mau gerenciamento desse fator contribui para o alto índice de mortalidade dessas empresas. Para que o administrador de capital de giro tenha êxito, é importante que haja um forte entrelaçamento com a administração estratégica, para uma solução definitiva do problema, isto é, que consista numa recuperação de lucratividade da empresa e as consequentes recomposições de seu fluxo de caixa, fazendo com que as micro e pequenas empresas consigam chegar à fase de maturidade.

  15. Motivaciones de uso de las redes sociales para el desarrollo del capital social de las mujeres de entorno rural

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    Luisa Vega Caro

    2015-07-01

    Full Text Available Estudios previos han mostrado los riesgos de exclusión digital de comunidades rurales y personas mayores y cómo las motivaciones de uso influyen en las prácticas y hábitos de uso de las tecnologías. Con este trabajo queremos analizar cómo las motivaciones, que impulsan a las mujeres adultas de entorno rural a usar las redes sociales, favorecen el desarrollo de su capital social potenciando diferentes formas de participación en la cultura digital. Partiendo de una investigación más amplia sobre 478 mujeres andaluzas de zonas rurales de 18 a 65 años, este trabajo presenta un estudio cualitativo en profundidad de 13 de ellas mediante entrevistas autobiográficas sobre su experiencia en las redes. Los resultados muestran que el uso de las redes sociales descubre oportunidades de participación social vinculadas a diversas inquietudes, revelando las redes sociales como un espacio significativo para promover su participación en la vida cultural y social de sus comunidades.

  16. Karl Marx, un periodista en la Era del Capital. Apuntes para una investigación

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    Espinoza Pino, Mario

    2014-06-01

    Full Text Available The aim of this article is to criticize the traditional representation of Karl Marx’s journalistic works, usually forgotten by a misleading canon that assumes his articles only as a minor work. One of the problems of this traditional conception is that it dissociates his theoretical and economic contributions from the historical development of the author’s thought (and also from its material roots. We will try to point the importance of Karl Marx’s mature journalism in two areas: in the construction of the central concepts of his critic against the capitalist mode of production (surplus value, a multilineal historical perspective, a global description of the world market, etc. and in the production of political cartographies to intervene in the class conflict. This article poses several hypothesis and tentative affirmations about Karl Marx’s journalism that may serve as a point of departure for a critical research.El objetivo de este artículo es criticar la representación tradicional del trabajo periodístico de Karl Marx, habitualmente olvidado por un canon engañoso que sólo asume sus artículos al precio de convertirlos en una obra menor. Uno de los problemas de esta concepción tradicional es que disocia sus contribuciones teóricas y económicas del desarrollo histórico del pensamiento del autor (y también de sus raíces materiales. Intentaremos señalar la importancia del periodismo maduro de Karl Marx en dos áreas: en la construcción de los conceptos centrales de su crítica contra el capitalismo (plusvalor, un enfoque histórico multilineal, una descripción global del mercado mundial, etc. y en la producción de cartografías políticas para intervenir en el conflicto de clases. Este artículo plantea varias hipótesis y afirmaciones tentativas sobre el periodismo de Karl Marx que pueden servir como punto de partida de una investigación crítica.

  17. ELEMENTOS PARA DISCUSSÃO DA CONFIGURAÇÃO DA AGROINDÚSTRIA CANAVIEIRA NO OESTE PAULISTA E DA RELAÇÃO CAPITAL X TRABALHO

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    José Roberto Nunes de Azevedo

    2012-04-01

    Full Text Available Vimos por meio deste texto trazer alguns elementos fundamentais para o entendimentoda configuração da agroindústria canavieira, associado, pois, à ação metabólica do capital quealicerça a sua consubstanciação no território paulista, bem como, a trama que marca o conflitocapital x trabalho nesse setor produtivo.

  18. Capital social e información para la salud en el contexto del modo de vida de agricultores de pequeña escala

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    Fadya Orozco

    2015-01-01

    Full Text Available El estudio explora la relación entre el capital social y la información para la salud en agricultores de pequeña escala, en el contexto de su modo de vida. Tener información al respecto promovería la adopción de prácticas agrícolas con menos impacto en su salud debido a la reducción del uso de pesticidas de alta toxicidad. La investigación se desarrolló a través de un diseño longitudinal de medidas repetidas, en julio de 2007 (T1 y febrero de 2010 (T2, en 12 comunidades agrícolas de Ecuador (n=208. La información respecto a las prácticas de producción agrícola, entre ellas, el manejo integrado de plagas, y la toxicidad de los pesticidas constituyeron las variables dependientes. La participación en organizaciones, y la cohesión social, entre otros aspectos del capital social fueron tratados en el análisis como variables independientes. Los hallazgos sugieren que la información para la salud es transmitida por las estructuras del capital social en dependencia de su valor de uso en el marco del modo de producción agrícola.

  19. DISEÑO DE UN PROCEDIMIENTO PARA REALIZAR EL AUTOCONTROL DEL SISTEMA DE GESTIÓN INTEGRADO DE CAPITAL HUMANO / DESIGN OF A PROCEDURE TO DEVELOP THE SELF-CONTROL TO THE INTEGRATED HUMAN CAPITAL MANAGEMENT SYSTEM

    Directory of Open Access Journals (Sweden)

    Roxana González-Alvarez

    2012-01-01

    Full Text Available La investigación considera como caso de estudio la experiencia de la Empresa Comercializadora de Combustibles de Cienfuegos (ECC, la cual trabaja en implantar el Sistema de Gestión Integrada de Capital Humano (SGICH desde el año 2008. En el presente artículo se exponen los resultados del proceso de autocontrol realizado al SGICH en la ECC, visualizando las experiencias obtenidas desde el comienzo del proceso de implantación del Modelo de Gestión Integrada de Capital Humano. El autocontrol se realiza utilizando la metodología del ciclo Deming y las herramientas propias que plantea el modelo (tecnología de diagnóstico, así como entrevistas, tormenta de ideas, revisión de documentos, técnicas de normación de competencias, de mapeo de proceso y trabajo con expertos. Para el procesamiento de los datos obtenidos se utiliza el paquete estadístico SPSS versión 16.0 y el Microsoft Excel. Finalmente, se propone un procedimiento enfocado a facilitar el desarrollo del autocontrol al SGICH como proceso de mejora continua y que, además, permita la certificación de la empresa según los requisitos de las Normas Cubanas 3000.The investigation takes as a case of study the experience of Cienfuegos's Fuel Trading Company (ECC, which works in the implementation of the Integrated Human Capital Management System since 2008. This system is integrated by eight processes, being the self-control one of them. The results of the self-control process to the human capital management system in the ECC are exposed in the present article, visualizing the experiences obtained from the beginning of the implementation process of the Integrated Human Capital Management Model. The self-control is carried out using the methodology of the Deming cycle and the very own tools that are presented by the model (technology of diagnostic, as well as others: interviews, brainstorming, review of documents, techniques of regulation of competences, mapping of processes and the

  20. A Administração Estratégica do Capital Intelectual: Um Modelo Baseado na Capacidade Absortiva para Potencializar Inovação

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    Alessandra Cassol

    2016-04-01

    Full Text Available O capital intelectual é percebido como um recurso estratégico capaz de ser propulsor da inovação. Neste contexto, sugere-se que o capital intelectual e a capacidade absortiva podem ser influenciadores da capacidade de inovar nas organizações e propõe-se um Modelo de administração estratégica do capital intelectual. Este artigo tem como objetivo propor e analisar um Modelo de Administração Estratégica do Capital Intelectual a partir de práticas da capacidade absortiva como potencializadora de inovação. Como método utiliza-se a pesquisa exploratória com abordagem quantitativa e aplicação de questionários para uma amostra de 104 gestores. Na análise dos dados utiliza-se a técnica de modelagem de equações estruturais por meio do Partial Least Squares (PLS, com a análise dos coeficientes de caminho observa-se uma forte relação entre os constructos o que confirmou as hipóteses da pesquisa. Verificamos que as práticas organizacionais adotadas para o desenvolvimento do capital intelectual, da capacidade absortiva e da inovação são: a capacitação constante dos colaboradores; b programas de sugestões; c assimilação de novas tecnologias; d aplicação de conhecimentos técnicos; e parcerias com órgãos de apoio à inovação. Como contribuições, as evidências encontradas indicam que a capacidade absortiva promove o avanço da inovação, podendo ainda ser possível observar práticas de gestão do capital intelectual a partir de rotinas organizacionais.

  1. Occupational exposure to benzene: a prevention program for employees and contractors; PPEOB - Programa de Prevencao a Exposicao Ocupacional ao Benzeno para Empregados Proprios e Contratados

    Energy Technology Data Exchange (ETDEWEB)

    Moraes, Paulo Sergio de; Silva, Edson Ferreira da; Patto, Claudio Monteiro [TRANSPETRO, Rio de Janeiro, RJ (Brazil)

    2004-07-01

    PETROBRAS/TRANSPETRO Pipelines and Terminals has 500 regular employees and 5.064 out sourced workers in its Southeast Division. The out sourced employees work through 125 contracts involving a wide range of activities such as maintenance, operational, pipeline launching , engineering, administrative and auxiliary services. Among these workers, 200 people are subjected to benzene occupational exposure, which might be present in the products we transport in our pipelines. Benzene is recognized as a carcinogen according to ACGIH and Brazilian Ministry of Labour regulation NR- 15. Exposure to benzene in an uncontrolled way, be it chronic or sharp, may affect the worker's health such as: hematological alterations, neoplasys, neurobehavior alterations. Our program PPEOB (acronym in Portuguese for benzene occupational exposure prevention program) involved the work force and fosters health by anticipation, recognition, evaluation and control of the situations that may result in injuries. Further actions include the acquisition of equipment for benzene detection in the air or diluted in liquids and the introduction of new technologies for process control. The priority is the acquisition of equipment for collective protection not forgetting the individual protection equipment (IPE) and the required training. Implementation of this program counted with the effective participation of managers, contract supervisors and HSE professionals whose main task was to advise all involved parts. Furthermore, an auto-evaluation was released in order to assess the adherence of the PPEOB related to the facility reality. Since a suitable level of adherence is reached, the PPEOB can be used as a standard in the whole TRANSPETRO. (author)

  2. A gestão do conhecimento e o capital intelectual: Enfoque teórico para discussão

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    Nara Medianeira Stefano

    2016-07-01

    Full Text Available O presente estudo, por meio de uma abordagem teórica, tem o objetivo de discutir a importância do CI (Capital Intelectual e da GC (Gestão do Conhecimento nas organizações, bem como sua relação. Além de mostrar a ligação dos ativos intangíveis e os objetivos estratégicos, permitindo um entendimento acerca do tema. Assim, tem-se que a relação entre a CI e GC é de vital importância para uma organização e que o CI sendo utilizado e explorado corretamente, torna-se o recurso central para a competitividade sustentável e sucesso da organização. Por outro lado, a GC desempenha um papel fundamental no processo de desenvolvimento e exploração do CI

  3. Desaceleração do crescimento, políticas públicas e corte de gastos sociais: arrocho para os trabalhadores e benefícios para o capital?

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    Luiz Antônio Afonso Giani

    2014-11-01

    Full Text Available Algumas variantes da economia política defendem a priorização das políticas públicas voltadas para o atendimento das necessidades básicas dos trabalhadores, desempregados e na miséria. O período em que transcorre o debate é muito expressivo, entre as “jornadas de junho” de 2013-2014, na conjuntura da desaceleração da economia. A crítica econômica defensora da valorização da vida dos trabalhadores encontra respaldo na constatação empírica de que é possível preservar e ampliar as políticas e programas sociais, contra os interesses no crescimento econômico que beneficia o capital e coage a sociedade a submeter-se a corte de gastos sociais, arrochos salariais, desemprego e miséria. Os benefícios ao capital – desonerações fiscais; não tributação do capital rentista e patrimonial; juros da dívida pública, etc. – são as sangrias que desviam as riquezas para ampliar o capital predador e impedem sua canalização para as políticas e programas sociais. Poderosas organizações e minorias sociais servem-se da queda do crescimento para ampliar suas fortunas. Na seleção das fontes deste estudo, as variantes do pensamento são constituídas, fundamentalmente, pela crítica da economia política à economia vulgar, de “monstros” (não homens, mundo das coisas, mercadorias, dinheiro. Entre as variantes mais radicais, está a defesa da ampliação dos gastos sociais, eliminação do superávit primário destinado a pagar juros e a destinação do déficit primário para fins sociais.

  4. Determinantes perceptuales de la intención de uso de Internet para el desarrollo del capital humano

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    Cruz García Lirios

    2013-10-01

    Full Text Available In the framework of the Human Capital Theory (HCT and Information Technology (ICT, this paper proposes a model of causal relationships between cognitive variables. We discuss the relationship between Internet use and perceptions of usefulness, ease and self-efficacy, and establish the reliability and validity of the instrument that measures perceptions, attitudes and intentions. Results show the primary determinant of Internet use is the perceived usefulness (β = .46. The model fit was adequate with respect to model hypothesized relationships between perceptual and attitudinal variables on the variable intentional. Implications on the development of human capital and customer satisfaction are discussed

  5. Capital social y bienestar subjetivo. Un análisis para España considerando sus regiones

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    Marta Portela

    2012-01-01

    Full Text Available Este trabajo analiza los factores determinantes de la felicidad en España prestando especial atención al «capital social», empleando los datos procedentes de la Encuesta Social Europea (ESS correspondiente a la cuarta oleada (año 2008. El análisis se realiza a través de modelos de elección discreta, considerando las diferencias regionales. Además de los determinantes tradicionalmente empleados como edad, sexo, estado civil, estado de salud, niveles educativos, medidas sobre el nivel de ingresos, se realiza un análisis de componentes principales en el que se definen tres dimensiones del capital social: confianza, redes y normas sociales.

  6. Política, agricultura e a reconversão do capital do tráfico transatlântico de escravos para as finanças brasileiras na década de 1850 Politics, agriculture and the reconversion of the transatlantic slave trade capital to Brazilian finances in 1850'

    Directory of Open Access Journals (Sweden)

    Artur Vitorino

    2008-12-01

    Full Text Available O artigo enfoca como, após 1850, com a cessação do tráfico transatlântico de africanos escravos, o capital, antes engatado nesse negócio, passou a irrigar o meio circulante (a moeda e o crédito, reforçando, assim, a economia de mercado já existente na Corte Imperial, mas, a partir de então, com força para configurar nesta cidade uma economia urbana de profundas conseqüências para os agricultores escravistas do Vale do Paraíba ligados ao comércio exterior, e dependentes do crédito e da moeda ali alocados. O assentamento urbano do capital dos mercadores negreiros foi deliberado pelo Partido Conservador.The article emphasizes how, after 1850, with the cessation of the transatlantic African slave trade, the capital, rather linked in this business, passed to irrigate the finance capital (the coin and the credit, reinforcing, then, the trade economy also extant in the Imperial Court but, hereafter, stronger enough to build in this city a urban economy with profoundest consequences to the farms of the Vale do Paraíba who used slaves, were linked in the foreign trade, and were dependent of the credit and of the coin allocated there. The urban settlement of the black slave trade capital was deliberate by the Conservative Party.

  7. JUROS SOBRE CAPITAL PRÓPRIO: UMA ANÁLISE SOBRE O IMPACTO TRIBUTÁRIO PARA QUEM PAGA E PARA QUEM RECEBE.

    Directory of Open Access Journals (Sweden)

    Alexandre Gonzales

    2012-07-01

    Full Text Available With the publication of law 9.249/95 the use of interest on capital becomes an option for the compensation of shareholders and stakeholders in the companies. Once this alternative is chosen, the company gains the rights to deduct the value of the JSCP as the basis for calculating income tax and social contribution. This study demonstrates the impact results of this choice for the company and for the shareholders. The company will have a fiscal tax advantage with the use of JSCP, as the tax base for income and social contribution is reduced after the deduction of interest on capital as a financial expense. The shareholders, as natural person, will benefit because they will have a tax liability on the JSCP taxes hold, and still willreceive a larger portion of dividends because with the spending cuts the amount to be distributed by the company increases. For the artificial person, this method may not be the most attractive one because the JSCP are considered financial revenue which results in higher taxation for the corporation.

  8. Portabilidad del capital humano y asimilación de los inmigrantes. Evidencia para España

    OpenAIRE

    Simón, Hipólito; Ramos Lobo, Raúl; Sanromà, Esteve

    2008-01-01

    La literatura sobre asimilación de los inmigrantes ha destacado la portabilidad imperfecta del capital humano acumulado por éstos en su país de origen (Chiswick, 1978; Friedberg, 2000). Ello explicaría la escasa asimilación en el momento de llegar al nuevo país, así como la gran brecha salarial inicial. Recientemente, una serie de trabajos Chiswick y Miller, 2007 o Green, Kler y Leeves, 2007, entre otros) han abordado este tema desde la perspectiva de la sobreeducación. Enmarcado en esta lite...

  9. DISEÑO DE UNA ESTRATEGIA DE INTERVENCION BASADA EN EL DESARROLLO DE CAPITAL HUMANO PARA LA MINERIA ARTESANAL

    OpenAIRE

    DIAZ TOBAR, JULIO CESAR

    2013-01-01

    La Minería Artesanal chilena constituye el sub-segmento más vulnerable de la actividad minera, dada su escasa mecanización e infraestructura, bajos estándares de seguridad, nulo acceso a crédito y un bajo nivel de capital humano empresarial y laboral. La Subsecretaría de Minería, se hace cargo de este problema a través de una serie de actores e instrumentos, cuyo objetivo es el fomento de la Minería Artesanal, mediante financiamiento de proyectos, transferencia técnica y capaci...

  10. Fondos de capital riesgo: una alternativa de financiamiento para las micro y pequeñas empresas (Mypes en el Perú

    Directory of Open Access Journals (Sweden)

    Silupú Garcés, Brenda Liz

    2008-04-01

    Full Text Available En la medida que la oferta crediticia orientada a las Micro y Pequeñas Empresas (MYPES en este país sea limitada, por el mayor riesgo crediticio que presenta este sector, donde la tasa de interés que se cobran son superiores al promedio de mercado, lo que impide su crecimiento y desarrollo; se hace necesario dinamizar nuevas alternativas de financiamiento para atender la creciente demanda crediticia. Una alternativa reciente y con éxito en otros países, son los Fondos de Capital Riesgo, que tienden a canalizar los recursos obtenidos por diferentes inversionistas hacia empresas con grandes potenciales de crecimiento, estos inversionistas están dispuestos asumir un riesgo a cambio de una rentabilidad esperada; para lo cual es necesario que el estado garantice un adecuado marco legal. The credit supply oriented to micro and small enterprises in Perú is very limited. This is because the high risk of these business. As a consequence the interest rates that these institutions pay are really high, that high to limit their potential to grow and develop. For that reason it’s necessary to promote new innovative financing alternatives to satisfy the credit demand of this sector. One of the alternatives to achieve this goal, which has proved to be successful in some other countries, is the Venture Capital Funds. These funds take financial resources from investors to enterprises with promising perspectives of growth. The investors are willing to assume the risk in order to gain an expected profitability. To support all this system an appropriate regulatory framework is needed.

  11. 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…

  12. Medición y análisis de un modelo para la determinación del costo de capital de las pymes del subsector de confección en Bogotá

    OpenAIRE

    Cruz Castro, Carlos Hernán

    2012-01-01

    En síntesis, para los encargados de la gestión financiera en empresas del sector de la confección en Bogotá, existe un problema que tiene que ver con el desconocimiento de un modelo que les permita calcular el costo del capital que requieren para su financiamiento y que se adecue a las condiciones del entorno en que operan. Para aportar a la solución de dicho problema, el presente trabajo se propone realizar un repaso de los diferentes modelos teóricos disponibles en la literatura financie...

  13. El costo promedio ponderado de capital como herramienta para la toma de decisiones aplicado al sector inmobiliario.

    OpenAIRE

    Rugel Caicedo, Dennisse Paola

    2015-01-01

    La crisis financiera que presenta toda economía y en particular la nuestra, hacen o demandan cada vez profesionales con formación en el campo financiero que garanticen un correcto análisis de las distintas posiciones en las que una empresa se presente en un mercado de negocio operativo. Siendo escasos los recursos debe existir de parte de los administradores eficiencia y oportunidad para asignar estos recursos en las distintas áreas operativas de la empresa, sea esta como proyectos de inversi...

  14. Diseño y validación de la escala CapPsi para medir capital psicológico (Design and Validation of the Cappsi Scale to Measure Psychological Capital

    Directory of Open Access Journals (Sweden)

    Alicia Omar

    2014-12-01

    Full Text Available RESUMEN: El objetivo del presente estudio fue el desarrollo y validación de una escala para medir capital psicológico en adultos. Los ítems iniciales se elaboraron sobre la base de la revisión bibliográfica, entrevistas con empleados y consultas con especialistas. Inicialmente se efectuó una prueba piloto que permitió realizar ajustes conceptuales y semánticos de los ítems. La escala fue administrada a 382 empleados, conjuntamente con las medidas de desempeño laboral, comportamientos organizacionales contraproducentes y satisfacción general. Asimismo, se estudió la validez factorial exploratoria y confirmatoria; además de la confiabilidad como consistencia interna a través del coeficiente alpha de Cronbach. Los resultados mostraron la existencia de cuatro factores con satisfactorios niveles de validez y confiabilidad, los que fueron rotulados como: Esperanza (α = .87, Optimismo (α = .91, Resiliencia (α = .84 y Autoeficacia (α = .79. La escala cumple con los criterios psicométricos exigidos y puede ser empleada como herramienta de diagnóstico y gestión organizacional. ABSTRACT: The objective of this study was the development and validation of a scale to measure psychological capital in adults.The initial items were developed on the basis of the bibliographical review, interviews with employees and consultations with specialists. Initially a pilot test was carried out which allowed conceptual and semantic adjustments of the items. The scale was administered to 382 employees, together with the measures of job performance, organizational self-defeating behaviors and overall satisfaction. Also, it is studied the exploratory and confirmatory factorial validity; in addition to the re liability and internal consistency through Cronbach’s alpha coefficient. The results showed the existence of four factors with satisfactory levels of validity and reliability, which were labeled as: Hope (α = .87, Optimism (α = .91, Resilience (

  15. 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...

  16. Trazendo o cidadão para a arena pública: Capital Social e empoderamento na produção de uma democracia social na América Latina

    OpenAIRE

    Baquero, Marcello; Baquero, Rute

    2007-01-01

    Este trabalho tem como objetivo examinar o papel do capital social e do empoderamento na construção de uma democracia orientada para o social na América Latina. Busca-se problematizar a convivência assimétrica entre procedimentos formais poliarquicos com sociedades economicamente vulneráveis e desvitalizadas socialmente. Argumentamos que capital social e empoderamento agem sinergicamente na promoção de cidadãos protagônicos na política. Os dados utilizados neste artigo provêm de pesquisa com...

  17. El uso de perceptrones multicapa para la modelización estadística de series de tiempo no lineales de SO_2, en Salta Capital, Argentina

    Directory of Open Access Journals (Sweden)

    Haydeé Elena Musso

    2013-04-01

    Full Text Available En este trabajo se realizó un estudio estadístico de variablesfísico químicas asociadas al fenómeno de contaminación ambiental,en particular concentración media mensual de SO2, medidas en la ciudad Salta Capital, Argentina, simultáneamente a concentracionesde NO2 y O3. Las series bajo estudio presentaban comportamientosdinámicos no lineales, datos atípicos y cambios estructurales, lo quehizo imposible modelarlas con tipologías econométricas tradiciones(AR, MA, ARMA, ARIMA, entre otras. Una solución eficiente quese encontró, hace uso de la teoría de los perceptrones multicapa.Mediante el modelo estructural de series de tiempo, esta solución sepresenta como un proceso matemático iterativo que permite obtenerun modelado final el cual tiene una muy alta confiabilidad (95%,para realizar pronósticos a futuro sobre el comportamiento de lavariable estudiada.

  18. 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...

  19. Los efectos de la productividad sobre la participación en grupos de capital social: Un estudio para firmas pequeñas e informales en Colombia

    OpenAIRE

    Rojas Echeverri, Manuel Felipe

    2017-01-01

    No ha habido un consenso en la literatura sobre la relación entre capital social y firmas pequeñas. Se ha pensado que sustituyen bienes públicos a los que no pueden acceder y hay evidencia anecdótica en el mundo de firmas pequeñas e informales participando en asociaciones y grupos de capital social. Sin embargo, la encuesta a micro-establecimientos muestra que sólo el 3.3% de las firmas encuestadas hacen parte de grupos de capital social. Mediante una metodología de variables instrumentales s...

  20. 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)

  1. 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...

  2. Capital semilla para la financiación de start ups con alto potencial de crecimiento en Colombia = Seed capital for financing the stat ups with a growing high potential in Colombia

    Directory of Open Access Journals (Sweden)

    Germán Fracica Naranjo

    2011-08-01

    Les expériences tirées de la création d’entreprises à fort potentiel de croissance des pays à succès montrent que certains des facteurs ayant le plus contribués à la survie de l’entreprise sont le financement du capital-risque et le soutien reçu aux différentes étapes de leur gestation ou lors de traversée du désert. L’investigation a été effectuée par le biais d’un travail documentaire et par différents entretiens approfondis réalisés avec des responsables de fonds de capital-risque existant en Colombie. Cette investigation a pu déterminer l’offre de ces ressources et les enseignements tirés de ces expériences.

  3. Evaluación de la calidad del servicio educativo para determinar el nivel de la deserción estudiantil en la Unidad Educativa "Capitán Pedro Oscar Salas Bajaña".

    OpenAIRE

    Salas Bustos, Juana Carola; Lucín Arboleda, Rossana Jacqueline

    2013-01-01

    Esta tesis fue realizada con el fin de evaluar la calidad del servicio educativo para determinar el nivel de deserción estudiantil de la unidad educativa “Capitán Pedro Oscar Salas Bajaña” y su repercusión en los servicios educativos entregados. El objetivo de esta, es revisar la fundamentación teórica de la calidad en la gestión educativa, analizar las fortalezas y oportunidades que tiene en la actualidad, analizar el clima organizacional del cuerpo docente, identificar la satisfacc...

  4. París, un destino privilegiado para turistas chinos y españoles. Análisis de un texto turístico sobre la capital francesa

    OpenAIRE

    Luo, Zhenyun

    2016-01-01

    Este proyecto pretende analizar, por una parte, el turismo en Francia, el primer destino turístico del mundo, haciendo hincapié en las características de los mercados emisores chino y español. Por otra parte, el trabajo tratará de investigar sobre los recursos turísticos de Francia y sus atractivos para el turista, centrándose fundamentalmente en los de su capital mediante el análisis de un texto turístico. Universidad de Sevilla. Grado en Turismo

  5. 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.

  6. 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...

  7. A 'teoria da práxis': retomando o referencial marxista para o enfrentamento do capitalismo no campo da saúde The 'theory of praxis: ' retrieving the marxist framework to confront capitalism in the health field

    Directory of Open Access Journals (Sweden)

    Regina Helena Simões Barbosa

    2010-06-01

    Full Text Available Este ensaio tem a intenção de recolocar o marxismo - como corpo epistemológico, teórico, metodológico e político voltado para a superação do capitalismo - na pauta do debate conceitual e político do campo da Saúde Coletiva. Discute o campo simbólico como campo de expressão de ideologias que sustentam o capitalismo e que utiliza, dentre outras estratégias, o silenciamento sobre o marxismo, e mesmo sobre o capitalismo, para esvaziar a crítica e o questionamento político. Relaciona estes mecanismos à saúde, identificando alguns campos onde o capitalismo opera nesta área. Apresenta alguns fundamentos filosóficos, teóricos e metodológicos da 'teoria da práxis', destacando a unidade indissolúvel entre teoria crítica e ação transformadora. Por fim, conclama os profissionais, pesquisadores e educadores do campo sanitário a se (reengajarem na luta contra o capitalismo, retomando a bandeira do socialismo, rumo à conquista do efetivo direito à saúde.This essay is intended to retrieve Marxism - as an epistemological, theoretical, methodological and political body aimed toward overcoming Capitalism - in the political and conceptual debate agenda in field of Collective Health. It discusses the symbolic field as a field for the expression of ideologies that underpin capitalism and which uses, among other strategies,the silencing of Marxism, and even of capitalism, to eliminate criticism and political questioning. It relates these mechanisms to health, identifying some fields in which capitalism operates in this area. It presents a few philosophical, theoretical and methodological foundations of the 'theory of praxis,' highlighting the indissoluble unity between critical theory and transformative action. Finally, it urges health care practitioners, researchers and educators to (reengage in the struggle against Capitalism, taking up the banner of Socialism aiming to achieve the actual right to health.

  8. Evolução da migração de partos para Aracaju, Sergipe, Brasil, 1970-1996 Shift in demand for childbirth services from rural Sergipe State to the capital city, Aracaju, Brazil, 1970-1996

    Directory of Open Access Journals (Sweden)

    Ricardo Queiroz Gurgel

    2003-02-01

    Full Text Available O objetivo deste estudo é descrever a evolução da migração de partos do interior do Estado de Sergipe para a capital (Aracaju, no período compreendido entre 1970 e 1996. Para tanto utilizou-se a informação "município de residência da mãe" cujo parto ocorreu nas maternidades de Aracaju, nos anos de 1970, 1976, 1986 e 1996. Ao se estudar as proporções de mães não residentes em Aracaju, verificaram-se diferenças significativas, sendo que o período com maiores percentuais de migração ocorreu entre 1976 e 1986. A migração foi estimulada pela melhoria das rodovias que dão acesso à capital (a partir de 1970 e pelo incentivo político com fins eleitoreiros (clientelismo. Assim, a melhoria na estrutura hospitalar do interior não impediu o aumento da migração para a capital. Em Sergipe, no período em estudo, houve um crescimento de 134,6% do número de partos ocorridos na capital, provenientes de outras localidades. Além disso, observa-se intensidades de variação diferenciadas, quando se analisa o fenômeno por regiões, tendo em vista a melhoria das condições de acessibilidade. Faz-se necessária a regionalização e hierarquização da assistência ao parto e ao recém-nascido, para que se possa dar um atendimento adequado às gestantes e aos seus filhos.This study analyzes trends in the migration of childbirth from rural areas of Sergipe State, Brazil, to the capital city, Aracaju, from 1970 to 1996. Data on "mother's place of residence" were obtained from mothers whose children were born in maternity hospitals in Aracaju in 1970, 1976, 1986, and 1996. Significant differences occurred in the proportion of mothers who resided outside of Aracaju but came there to give birth, especially from 1976 to 1986. This shift was stimulated by improvement of State highways and the granting of personal political favors in exchange for votes. Changes in the State hospital structure did not appear to have influenced the childbirth shift

  9. O Projovem campo saberes da terra e sua contribuição para a formação e desenvolvimento do capital social pelos jovens agricultores (as familiares

    Directory of Open Access Journals (Sweden)

    Elaine Aparecida de Souza Apolonio

    2017-06-01

    Full Text Available O Projovem Campo – Saberes da Terra, é uma modalidade do ProJovem, uma política pública do Ministério de Educação, através da DPEJUN/SECADI/MEC, em parceria com a secretaria de Educação do Estado, no nível fundamental de Educação de Jovens Adultos, unificando qualificação social e profissional, visando à potencialização das capacidades dos jovens do campo, com idades entre 18 e 29 anos. Apresentaremos a temática juventude e contemporaneidade, através de um breve histórico do tema em questão, e a política pública para o segmento da juventude, na área de educação, o programa Projovem Campo- Saberes da Terra. Analisaremos essa experiência escolar à luz da teoria do capital social, ligadas à capacitação de jovens e adultos agricultores (as, sob a perspectiva oficial de educação, dentro da orientação metodológica do Projovem Campo Saberes da Terra, com vistas a contribuir para uma interpretação crítica da construção de capital social pelos jovens agricultores (as.

  10. Multinationals, strategic agents of capital. A guide for assessing their impact / Las multinacionales, agentes estratégicos del capital. Una guía para evaluar sus impactos

    Directory of Open Access Journals (Sweden)

    Luis Miguel Uharte

    2014-10-01

    Full Text Available The main objective of this work has been to build an analysis guide that serve researchers to evaluate the multiple impacts that multinational corporations usually cause your business practice. First, it presents briefly a definition of these businesses and developments that have had throughout history. Then their most important attributes and their current global distribution are indicated. Finally, the central chapter of the text is concerned with identifying the major impacts that multinationals generate in various fields, highlighting among others the commodification of public services, loss of sovereignty, the practice of lobbying and corruption, social criminalization, deterioration environmental and labor rights violations. In summary, these large corporations favor its role as strategic agents of capital over other social purposes.

  11. O aumento da lucratividade expande a acumulação de capital? Uma análise de causalidade de Granger para países da OCDE Does increasing profitability rise capital accumulation? A Granger causality analysis on OECD countries

    Directory of Open Access Journals (Sweden)

    Adalmir Marquetti

    2009-12-01

    Full Text Available O objetivo deste trabalho é testar a hipótese clássico-marxiana de ligação causal entre a taxa de lucro e a taxa de acumulação de capital para um conjunto de 20 países da OCDE. A metodologia utilizada baseia-se no procedimento proposto por Toda e Yamamoto (1995 para testar a hipótese de não causalidade de Granger. A especificação de teste empregada, derivada a partir da equação de Cambridge, envolve três variáveis: a taxa de lucro, a taxa de acumulação e a taxa de investimento. A consideração da variável investimento permite comparações entre as tradições clássico-marxiana e pós-keynesianas. Os resultados para a Austrália, a Dinamarca, os eua, a Finlândia e a Irlanda são consistentes com a concepção clássico-marxiana. Por outro lado, os resultados para o Canadá, a Coreia do Sul, a Grécia e a Suécia são parcialmente consistentes com a tradição pós-keynesiana.The purpose of this paper is to test the classical-Marxian hypothesis of causal linkages between profit rate and the accumulation of capital for a dataset of 20 OECD countries. The procedure proposed by Toda and Yamamoto (1995 to test for the Granger non-causality hypotheses is employed in the statistical procedure. The test specification, derived from the Cambridge equation, involve three variables: profit rate, accumulation of capital and investment rate. The consideration of the investment rate allows a comparison between the classical-Marxian and the post-Keynesian traditions. For the cases of Australia, Denmark, usa, Finland and Ireland, the results provide empirical support for the classical-Marxian conception. On the other hand, in the cases of Canada, South Korea, Greece and Sweden, the results support the post-Keynesian tradition.

  12. Direitos sociais e transição para o capitalismo: o caso da primeira república brasileira (1889 - 1930 Social rights and the transition to capitalism in the First Brazilian Republic (1889-1930

    Directory of Open Access Journals (Sweden)

    Décio Azevedo Marques de Saes

    2007-05-01

    Full Text Available O texto procura analisar os direitos sociais na Primeira República Brasileira (1889-1930, com vistas a colocar a sua instauração causal com outros processos sociais. O objetivo que nos move, nessa análise, é duplo: a de um lado, queremos contribuir para um melhor conhecimento da configuração da esfera jurídico-política no processo de transição da formação social brasileira para o modo de produção capitalista; b de outro lado, queremos testar as linhas gerais de um esquema teórico capaz de explicar a evolução dos direitos sociais não só no Brasil republicano como também noutras formações sociais em transição para o capitalismo. Palavras-Chave: Direitos sociais. Política. Capitalismo. Estado. Classes sociais. This text analyzes the social rights in the first Brazilian Republic in order to show how it influenced the other social processes. On one hand, it is a contribution to a better understanding of the judicial and political aspects of the transition process of the Brazilian social formation towards the capitalist way of production. On the other hand, it is a test for the general lines of a theoretical system which seems to be able to explain the evolution of the social rights not only during the republican period but also in the other social aspects that led to capitalism. Keywords: Social rights. Politics. Capitalism. State. Social classes.

  13. 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,” ...

  14. 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...

  15. El uso de perceptrones multicapa para la modelización estadística de series de tiempo no lineales de SO_2, en Salta Capital, Argentina

    OpenAIRE

    Haydeé Elena Musso; Orlando José Ávila Blas

    2013-01-01

    En este trabajo se realizó un estudio estadístico de variablesfísico químicas asociadas al fenómeno de contaminación ambiental,en particular concentración media mensual de SO2, medidas en la ciudad Salta Capital, Argentina, simultáneamente a concentracionesde NO2 y O3. Las series bajo estudio presentaban comportamientosdinámicos no lineales, datos atípicos y cambios estructurales, lo quehizo imposible modelarlas con tipologías econométricas tradiciones(AR, MA, ARMA, ARIMA, entre otras). Una s...

  16. La intervención cambiaria y los flujos de capital: evidencia empírica para Brasil, Colombia, Chile y México, 2001-2013

    Directory of Open Access Journals (Sweden)

    Eduardo Rosas Rojas

    2016-03-01

    Full Text Available This article examines inconsistencies in the assumptions on which the new macroeconomic consensus is based, before going on to propose an alternative theoretical framework for understanding how exchange rate interventions work, and the compensatory effect of capital flows in the emerging markets of Latin America. Basing its analysis on data from Brazil, Colombia, Chile and Mexico for the period between 2001-4 and 2013-3, it is inferred that sterilizedintervention in the foreign exchange markets has been successful in stabilizing the nominal exchange rate, but with three serious consequences: loss of competitiveness, high levels of public indebtedness and slow economic growth.

  17. 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.

  18. 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

  19. Ensaio sobre as virtudes do capital de risco corporativo para projetos de alta tecnologia no setor agrícola: a trajetória inovadora da Alellyx Applied Genomics e da CanaVialis

    Directory of Open Access Journals (Sweden)

    Roberto Carlos Bernardes

    2013-06-01

    Full Text Available O objetivo neste artigo é investigar a trajetória de duas empresas startups brasileiras dedicadas a pesquisa e desenvolvimento (P&D no setor de biotecnologia: a Alellyx e a CanaVialis. São dois casos de spin-offs acadêmicos e de bioemprendimentos germinados na esfera do Projeto Genoma, da Fundação de Amparo à Pesquisa do Estado de São Paulo (Fapesp, maturadas na Votorantim Novos Negócios (VNN, área de novos negócios de um dos maiores grupos industriais brasileiros que atua no segmento de commodities, o Grupo Votorantim S/A, e depois vendidas para a Monsanto. Neste estudo, tentou-se compreender a racionalidade e as virtudes das ações de investimentos corporativos e das políticas públicas destinadas à biotecnologia focada em genômica aplicada para a agricultura no Brasil. A metodologia utilizada é a de estudo de caso, mais especificamente de análise dos dois casos de empresas comentados acima. Os resultados demonstraram que, apesar de o principal objetivo do grupo econômico ser a célere valorização do capital investido e seu retorno financeiro, a afiliação corporativa dessas empresas estimulou a aceleração de um conjunto de capacitações para a gestão empresarial da Alellyx e da CanaVialis, que foram críticas para o amadurecimento do negócio. Evidenciou-se, ainda, que foi fundamental o significativo aporte de recursos por meio dos mecanismos de apoio do sistema nacional à inovação.

  20. 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.

  1. 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.

  2. Análise do índice de especulação de valor agregado para empresas de capital aberto negociadas na Bovespa

    Directory of Open Access Journals (Sweden)

    Wesley Vieira da Silva

    2008-12-01

    Full Text Available This study aims at demonstrating economic sectors’ life cycle of different area in Sao Paulo Stock Exchange (Bovespa. Therefore, data from 30 companies were analysed, selecting three companies of each area on stock exchange. Quarterly financial statements data were used for analyses regarding to the period from December 2000 to March 2006. For the development of this research the Speculation Index of Value Added (IEVA was applied, considering the relation to CAPM – Capital Asset Pricing Model. The results applied to each economic sector IEVA evidences differences between them, as well influences in Bovespa’s performance results in the period of the research. Besides that, IEVA contributes to the understanding of how companies’ economic value is composed. The results demonstrate that each sector with well established companies is heterogeneity in its performance; even though, it is superior to the market expectation. This information allows quantify investments’ risks in the studied sectors.

  3. La gestión del conocimiento y el capital intelectual determinantes para el impulso de la competitividad de las pymes manufactureras de la región occidente de México

    Directory of Open Access Journals (Sweden)

    Guillermo Vázquez Ávila

    2016-03-01

    Full Text Available Se realizó un análisis de la pequeña y mediana empresa manufacturera en la región occidental de México, que tiene que ver con los problemas similares en otros sectores productivos, tales como la pérdida de competitividad por falta de apoyos para mantener el crecimiento y el desarrollo. El constructo propuesto para este ejercicio de investigación presenta las variables gestión del conocimiento y capital intelectual y el impacto sobre la variable competitividad en estas organizaciones. la herramienta metodológica utilizada fue un cuestionario aplicado a 418 organizaciones, todas ellas pymes manufactureras; se aplicó en los estados de Jalisco, Nayarit, Colima y Querétaro con un muestreo por conveniencia. se utilizó además el análisis estadístico, teniendo como base la aplicación de anovas y de regresión lineal.

  4. 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...

  5. CAPITAL HUMANO Y CAPACIDADES SOCIETALES DE INNOVACIÓN: CONDICIONES PARA EL DESARROLLO DE LAS EMPRESAS DE PRODUCCIÓN SOCIAL EN VENEZUELA /HUMAN CAPITAL AND CAPACITIES SOCIETALES DE INNOVATION: CONDITIONS FOR THE DEVELOPMENT OF THE COMPANIES OF SOCIAL PRODUCTION IN VENEZUELA

    Directory of Open Access Journals (Sweden)

    Belinda Elena COLINA ARENAS

    2009-01-01

    Full Text Available El objetivo es ofrecer una propuesta de fortalecimiento del capital humano para el desarrollo de Capacidades Societales de Innovación CSI en Empresas de Producción Social EPS a través de la instauración de una cultura innovadora, bajo la convicción del papel protagónico que debe asumir el mismo en el desarrollo y consolidación de estas. Las EPS surgen en el marco del Registro de Empresas de Producción Social REPS, creado en noviembre de 2005 inserto en el Programa de Empresas de Producción Social, amparado en el decreto 3.895 de septiembre de 2005, denominado “Desarrollo Endógeno y Empresas de Producción Social” (Republica Bolivariana de Venezuela, 2005 y en el marco del Plan Siembra Petrolera 2006-2012; adjudicándosele a Petróleos de Venezuela, S.A. como empresa estratégica del estado una función catalizadora en el apalancamiento de estas modalidades socio productivas. El REPS representa una innovación socioinstitucional y socioproductiva venezolana y constituye una estrategia fundamental del estado venezolano en apoyo a la consolidación de la economía social en el país. Este registro tiene además la finalidad de diversificar la producción, incrementar y fortalecer el tejido productivo nacional y la transformación de las relaciones de producción. Por su parte las EPS representan una innovación en la economía social venezolana, las cuales profundizan los valores de solidaridad tanto al interior de estas organizaciones, como por su relación con las comunidades menos favorecida socioeconomicamente. Se efectuó la observación de bibliografía nacional e internacional especializada en el tema y de documentación oficial e institucional nacional, más una entrevista. Entre sus resultados destacan: 1 propuesta de algunos elementos teóricos para la instauración de una cultura innovadora en el capital humano de las EPS y 2 introducción de la noción de CSI ajustada al contexto de las EPS venezolanas y 3 construcción de

  6. 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....

  7. 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...

  8. 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...

  9. 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 ...

  10. Qual a melhor opção do ponto de vista gerencial-tributário para empresas tributadas com base no lucro real: destinação de lucros, pagamento de juros sobre capital próprio ou pró-labore

    Directory of Open Access Journals (Sweden)

    Luiz Felipe Ferreira

    2006-07-01

    Full Text Available Objetiva este artigo apresentar, dentre as formas de retorno de capital investido, aquela que se faz mais oportuna, ou a menos onerosa, do ponto de vista tributário, apresentando a limitação para a distribuição do lucro, sem prejudicar o fluxo de caixa, e vislumbrando a continuidade da entidade. Demonstra-se a forma de cálculo e a tributação incidente sobre a remuneração do capital, na forma de juros sobre o capital próprio, dividendos e pró-labore. O pró-labore é a remuneração que o sócio recebe em contrapartida do trabalho na empresa, é tributado pelo imposto de renda e pela previdência social. Como, é despesa administrativa reduz o lucro. Os juros sobre o capital próprio são calculados aplicando-se a taxa de juros de longo prazo (TJLP anual sobre o valor do patrimônio líquido, com tributação pelo imposto de renda e configura despesa financeira. O dividendo trata-se da distribuição dos lucros obtidos pela empresa, não sendo tributado. Para tanto apresenta-se uma simulação em uma empresa hipotética, demonstrando dentre as diversas formas a que acarreta uma menor carga tributária para a empresa e para o sócio ou investidor, tratando-se portanto de planejamento empresarial.

  11. 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...

  12. ¿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.

  13. Ensaio sobre as virtudes do capital de risco corporativo para projetos de alta tecnologia no setor agrícola: a trajetória inovadora da Alellyx Applied Genomics e da CanaVialis Ensayo sobre las virtudes del capital de riesgo corporativo para el desarrollo de proyectos de alta tecnología en el sector agrícola: la trayectoria innovadora de Alellyx Applied Genomics y de CanaVialis Essay on the virtues of corporate venture capital for high-tech projects in the agricultural sector: the innovative trajectory of Alellyx Applied Genomics and CanaVialis

    Directory of Open Access Journals (Sweden)

    Roberto Carlos Bernardes

    2013-06-01

    Full Text Available O objetivo neste artigo é investigar a trajetória de duas empresas startups brasileiras dedicadas a pesquisa e desenvolvimento (P&D no setor de biotecnologia: a Alellyx e a CanaVialis. São dois casos de spin-offs acadêmicos e de bioemprendimentos germinados na esfera do Projeto Genoma, da Fundação de Amparo à Pesquisa do Estado de São Paulo (Fapesp, maturadas na Votorantim Novos Negócios (VNN, área de novos negócios de um dos maiores grupos industriais brasileiros que atua no segmento de commodities, o Grupo Votorantim S/A, e depois vendidas para a Monsanto. Neste estudo, tentou-se compreender a racionalidade e as virtudes das ações de investimentos corporativos e das políticas públicas destinadas à biotecnologia focada em genômica aplicada para a agricultura no Brasil. A metodologia utilizada é a de estudo de caso, mais especificamente de análise dos dois casos de empresas comentados acima. Os resultados demonstraram que, apesar de o principal objetivo do grupo econômico ser a célere valorização do capital investido e seu retorno financeiro, a afiliação corporativa dessas empresas estimulou a aceleração de um conjunto de capacitações para a gestão empresarial da Alellyx e da CanaVialis, que foram críticas para o amadurecimento do negócio. Evidenciou-se, ainda, que foi fundamental o significativo aporte de recursos por meio dos mecanismos de apoio do sistema nacional à inovação.El objeto en este trabajo es investigar la trayectoria de dos empresas startups brasileñas que se dedican a I&D (Investigación y Desarrollo en el sector de biotecnología: Alellyx y CanaVialis. Son dos casos de spin-offs académicos y de bioemprendimientos surgidos en el ámbito del Proyecto Genoma, de la Fapesp (Fundação de Amparo à Pesquisa do Estado de São Paulo, madurados en VNN (Votorantim Novos Negócios - área de nuevos negocios del Grupo Votorantim S/A, uno de los mayores grupos industriales brasileños que opera en el

  14. 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.

  15. 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.

  16. 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.

  17. Una función de producción agregada para la economía colombiana: características e interacción entre el trabajo calificado, el trabajo no calificado y el capital, 1994–2005

    Directory of Open Access Journals (Sweden)

    Andrés Ramirez Hassan

    2008-04-01

    Full Text Available En este artículo se enseñan los resultados de las diversas elasticidades del trabajo calificado, el trabajo no calificado y el capital que se obtienen asumiendo una función de producción agregada translogarítmica para la economía colombiana. En general se encuentra que el trabajo calificado ha ganado participación al interior del proceso productivo en detrimento del trabajo no calificado y el capital. En general, los factores productivos son bienes normales, pero el trabajo calificado es el que reacciona más fuertemente ante expansión en el producto. Por otra parte, el trabajo no calificado es el factor productivo que presenta el mayor valor absoluto de la elasticidad precio de la demanda. Finalmente, se evidencia una relación de complementariedad entre el trabajo calificado y los otros dos factores, pero se presenta una relación de sustitubilidad entre el capital y el trabajo no calificado. Este acontecimiento microeconómico, unido al abaratamiento del costo de uso del capital y el encarecimiento del trabajo no calificado explican el poco descenso que ha experimentado la tasa de desempleo en la economía colombiana, pese al buen desempeño macroeconómico reciente.

  18. 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...

  19. 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...

  20. 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.

  1. Programación de actividades - recreativas para la ocupación del tiempo libre de los adolescentes del Consejo Popular Capitán San Luís del municipio Pinar del Río

    Directory of Open Access Journals (Sweden)

    Yaima Fernández Izquierdo

    2009-06-01

    Full Text Available Las actividades físico-recreativas y por consiguiente el tiempo libre antes del triunfo de la revolución casi no existían en Cuba. La prevención y la actividad social prevalecían desde la época colonial, resaltándose en esta época el predominio de la corrupción, la codicia, la violencia y la criminalidad existente entre gobernantes y gobernados, aunque en           algunos gobiernos se implantaron algunos planes que desde una posición represiva constituyeron en algún grado a controlar la  delincuencia y los  vicios, también se  crearon instituciones que no cumplían con  su  objetivo, debido a que los males de esa época  evidencian por si mismo la inexistencia de una correcta política social y de programas de prevención y atención social en función de reducir la vulnerabilidad y problemas sociales existentes. La necesidad de proporcionar una generación saludable física multilateral, y armónicamente desarrollada,son las exigencias  de nuestro  territorio  y sociedad. El objetivo de este trabajo es proponer un grupo de actividades en función de la ocupación del tiempo libre y la satisfacción recreativa de los adolescentes del Consejo Capitán San Luís del Municipio Pinar del Río. El mismo es realizado durante los años 2006 y 2008,su propósito es llevar a vías de hechos un grupo de actividades que incrementen la satisfacción recreativa  de  los  adolescentes  garantizando  una  correcta  ocupación  del tiempo libre a través de actividades recreativas disímiles.Este estudio se inicio con la aplicación de una encuesta para conocer el grado de satisfacción o insatisfacción recreativa de los vecinos de la referida comunidad y las ofertas que se le brindaban, las que evidenciaban que eran limitadas por lo que nos dimos a la tarea de confeccionar una programación de actividades recreativas a partir de las realizadas anteriormente en el lugar que respondieran a sus gustos u

  2. 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 ...

  3. 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...

  4. 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....

  5. 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...

  6. 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.

  7. 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...

  8. 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...

  9. 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....

  10. 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...

  11. ADAPTACIÓN DE LA LEY DE COOPERATIVAS DEL PAÍS VASCO A LAS NORMAS INTERNACIONALES DE CONTABILIDAD (Apuntes para una nueva configuración del régimen del capital en las Sociedades Cooperativas/ADAPTATION OF THE LAW OF CO-OPERATIVES OF THE BASQUE COUNTRY TO THE INTERNATIONAL ACCOUNTING NORMS

    Directory of Open Access Journals (Sweden)

    Javier DIVAR GARTEIZ-AURRECOA

    2006-05-01

    Full Text Available La Legislación vasca de cooperativas remite a la libre decisión de cada sociedad para que los estatutos puedan prever la existencia de aportaciones a capital social no exigibles, pero reembolsables por decisión de la cooperativa, permitiendo, así, contabilizar las aportaciones de los socios como recurso propio. Con la modificación de la Ley se ha pretendido únicamente adecuar el texto a la NIC 32 y no introducir las anheladas medidas para facilitar la financiación de las empresas cooperativas con fondos propios./The Basque Legislation of cooperative societies sends to the free decision of every society in order that the bylaws could foresee the existence of contributions to share capital not eligible, but refundable for decision of the cooperative society, allowing to assess, this way, the contributions of the associates as own resource. With the modification of the Law one has tried to adapt only the text to the NIC 32 and not to introduce the longed measurements to facilitate the funding of the cooperative companies with own funds.

  12. 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)

  13. 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.

  14. 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

  15. 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.

  16. 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...

  17. 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...

  18. 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...

  19. 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...

  20. Predisposição para Formação de Capital Social entre Comerciantes dos Corredores Comerciais da Região Central do Município de São José dos Campos - SP

    Directory of Open Access Journals (Sweden)

    Monica Franchi Carniello

    2011-01-01

    Full Text Available Cooperation, one element that results in the formation of social capital of an individual or group of individuals, is one of the variables of interference in local development process. The aim of this paper is to verify the disposition to perform actions of promotion and marketing communication in a cooperative manner by traders in the central region of São José dos Campos -SP, in order to foster the development of local commerce. The research is characterized as exploratory, qualitative approach to data collection documents. It was found that there is a clear predisposition for cooperation on the part of traders in the corridors studied, which is a potential for the formation and accumulation of social capital and therefore an advantage for the development of local trade.

  1. Plan de intervención para disminuir el estrés por sobrecarga laboral, en el área de capital humano de la Empresa Arca Continental, en el periodo de marzo – agosto 2016.

    OpenAIRE

    Tufiño Romo, Gissela Carolina

    2017-01-01

    The fundamental objective of this investigation is analyze the evaluation of the conduct of psychosocial risk stress generated by work overload, in the area of human capital of ARCA Continental S.A. company; in this way we propose measures that will enable us to control and minimize the presence of stress at work, therefore we can be able to preserve an environment or pleasant working climate within the organization. In this investigation we analyze the presence of the ps...

  2. Capital intelectual y competencias distintivas en pymes madereras de Argentina

    OpenAIRE

    F-Jardon,Carlos M; Martos,María Susana

    2014-01-01

    En la economía del conocimiento cada vez adquiere más importancia el capital intelectual como fuente de competencias distintivas. Una competencia distintiva se obtiene combinando los factores internos y externos de la empresa, mediante la estrategia, para generar mejor desempeño que sus competidores. Las pequeñas y medianas empresas (PyMEs) madereras argentinas suelen tener características específicas, de modo especial, aquellas relacionadas a su capital intelect...

  3. 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...

  4. 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....

  5. 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...

  6. 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.

  7. 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....

  8. 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

  9. 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.

  10. 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...

  11. Reflexões para uma epistemologia da enfermagem

    Directory of Open Access Journals (Sweden)

    Paulo Joaquim Pina Queirós

    2014-01-01

    Full Text Available Con base en la revisión de la literatura nos proponemos a reflexionar sobre la naturaleza del conocimiento en enfermería dando como resultado una síntesis. Las respuestas humanas se desarrollan en un escenario de incertidumbre, requiriendo la complejidad de los seres humanos y los contextos, además de un marco conceptual sólido para su comprensión. Los principios dialógico, holográfico y recursivo organizacional, son un punto de partida para comprender la acción de facilitación de los procesos de transición de bienestar. Las respuestas a los problemas de la salud y el bienestar, más que por la simple transmisión de conocimientos se estructuran por y para la acción práctica en un movimiento alternativo de la práctica a la teoría y la vuelta a la práctica. La enfermería encuentra el campo epistemológico como una ciencia humana práctica con conocimiento público y privado, en un proceso de translación en que el conocimiento proprio es producido y concretizado en una espiral hermenéutica.

  12. 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

  13. 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...

  14. 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...

  15. 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...

  16. 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...

  17. 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

  18. 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...

  19. O ativo diferido das empresas que entraram para o mercado de capitais brasileiro no anode 2007: uma análise empírica = The active deferred companies enterea for the brasilian capital markets in the 2007: an empirical analysis

    Directory of Open Access Journals (Sweden)

    Marcelo Haendchen Dutra

    2009-11-01

    Full Text Available O presente trabalho tem como objetivo verificar se os gastos contabilizados no ativo diferido das empresas que entraram para o mercado de capitais brasileiro (BOVESPA no ano de 2007 possuem a capacidade de impactar significativamente seus resultados econômicos. Para atingir o objetivo proposto realizou-se um levantamento a partir dos dados publicados na homepage da CVM. A pesquisa tem caráter descritivo e a abordagem adotada dá-se tanto qualitativa quanto quantitativamente, utilizando-se para a análise e interpretação dos dados a técnica de análise documental. São escrutadas as demonstrações contábeis consolidadas e as notas explicativas de 63 das 92 companhias que entraram para o mercado de capitais brasileiro no ano de 2007.Verifica-se que, deste contexto, 35 empresas apresentam valores considerados ‘Relevantes’ se comparados a outras contas do seu balanço patrimonial, muito embora que em apenas 2 destas tenha sido observado, clara e objetivamente, uma significativa capacidade de impactar em seus resultados econômicos. The present study has the objective to verify if the accounting spending of the Deferred Asset ofcompanies that entered for the Brazilian Capital Market (BOVESPA in the year of 2007 they ownthe capacity of producing significant impact in yours economic results. To reach the proposedgoal, an survey study was going accomplished with data published in the CVM Homepage. Theresearch has an descriptive character and used the Documental Analysis technique for the dataanalysis and interpretation. The approach adopted was both qualitative and quantitative. 63among 92 companies that entered for the Brazilian Capital Market in the year of 2007 arescrutinized through of their consolidated financial statement and explanatory note. In 35companies of this context are presented values that considered ‘Material’ if compared to othersaccounts of your balance sheet, however in only 2 have been observed, clear and objectively

  20. Proposta de um modelo para valoração econômica de marcas (brand valuation) de empresas brasileiras de capital fechado, sem comparáveis de capital aberto, através do modelo de opções reais

    OpenAIRE

    Tomazoni, Tarcísio

    2007-01-01

    Tese (doutorado) - Universidade Federal de Santa Catarina, Centro Tecnológico. Programa de Pós-Graduação em Engenharia de Produção. Este trabalho teve como intenção básica apresentar uma metodologia de mensuração do valor econômico de marcas de empresas brasileiras de capital fechado (uma vez que a maior parte dos modelos estudados é aplicada apenas a empresas com ações publicamente negociadas), utilizando o modelo de opções reais como uma evolução do modelo do fluxo de caixa descontado. H...

  1. El prestigio ocupacional en “La tienda de ropa más grande de México”. Elementos para la estimación del Capital Social en Uriangato, Guanajuato

    Directory of Open Access Journals (Sweden)

    Alejandro García

    2013-07-01

    Full Text Available The article documents the process of defining the prestige hierarchy for a sample of occupations, a required component of a Position generator to estimate social Capital within a local atypical context, from a relational perspective. it describes the results of a mixed-design study conducted to assessing the perceptions of occupational Prestige in Uriangato, a Mexican town highly specialized in producing and selling clothing through small businesses. Through the case study we found a differentiated interpretation of occupational prestige regarding international standards. occupations related to productive specialized local settings, are generally better evaluated. owning a business of manufacturing, trade or services, is a better recognized occupation in comparison with others that, in typical contexts, have greater prestige and socioeconomic status, such as lawyer, teacher or nurse. However, the scale achieved on the basis of the qualitative technique of pile sort, strongly correlates with two internationally standardized scales of occupational Prestige, making it possible to build a locally relevant Position generator to measure social capital, while maintaining comparability to other studies done in different economic or cultural contexts.

  2. 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

  3. 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...

  4. Dibattere a scuola: scegliere il proprio percorso educativo

    Directory of Open Access Journals (Sweden)

    Manuele De Conti

    2013-10-01

    Full Text Available Using debate as an effective educational tool means choosing a suitable debate format for accomplishing the pedagogical aims we have in mind. Thus, the aim of this paper is to understand how each debate format relates to the competen- cies it promotes. It is only through knowing how competencies are stimulated by specific rules of debate formats that we are able to make a reasoned and ef- fective choice.

  5. 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

  6. 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.

  7. 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....

  8. 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...

  9. 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.

  10. Chances for the development of manufactures of capital goods. Analysis of the situation and sector evolution; Oportunidades para el desarrollo de los fabricantes de bienes de equipo. Analisis de la situacion y evolucion del sector

    Energy Technology Data Exchange (ETDEWEB)

    Pelaez Ramos, M. L.

    2012-07-01

    The main purpose of this paper is to analyze the situation and development in the capital goods sector in Spain. This industry is not just an important sector in the Spanish economy but, given its structural characteristics (dynamism, influence on the production processes of other activities and presence in all developed countries), it conditions the recovery of our economy. The article includes an analysis of the weaknesses, threats, strengths and opportunities of the sector. Further, it is crucial its contribution to make sustainable development of industrial activity. Also, it deals with those opportunities that are presented for the future development of this industry such as eco-design, energy efficiency and life cycle analysis. (Author)

  11. 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....

  12. ¿Cómo gestionar un destino turístico emergente y vivir para contarlo? Construcción de una estrategia competitiva a partir de la complejidad territorial de una ciudad capital: el caso de Tuxtla Gutiérrez

    Directory of Open Access Journals (Sweden)

    Jorge Humberto Trujillo

    2008-11-01

    Full Text Available Ante un incremento de la competencia debido a la aparición de más destinos emergentes en México, una ciudad capital en proceso de metropolización como Tuxtla Gutiérrez, se prepara para iniciar un proceso de desarrollo turístico complejo a partir de la consideración de aspectos territoriales (físicos, sociales y económicos entendidos como producto social, a manera de características esenciales que le diferencian y le puede posicionar como competitivo en función de la capacidad de sus agentes sociales para favorecer y facilitar experiencias turísticas satisfactorias. En este sentido, el presente informe es el resultado preliminar de un ejercicio dialéctico que ha combinado estudios de posgrado en alta gestión de destinos turísticos y la experiencia de dirigir la oficina de turismo durante 18 meses.

  13. 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...

  14. 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...

  15. 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.

  16. 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…

  17. 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...

  18. 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...

  19. 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...

  20. 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

  1. 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.

  2. 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…

  3. 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

  4. 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…

  5. 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

  6. 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

  7. 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

  8. 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...

  9. 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....

  10. 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...

  11. 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

  12. 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

  13. 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.

  14. Capital social, conocimiento y efectividad organizacional

    Directory of Open Access Journals (Sweden)

    Eustoquio García

    2014-12-01

    Full Text Available Se analiza la importancia de utilizar de forma genérica el concepto de capital social, para cubrir como un todo, lo relacionado con la gestión de los procesos sociales que surgen en las organizaciones; y se destaca la gestión del conocimiento de quienes la integran. Se parte de un estudio descriptivo documental del conocimiento idiosincrático; y a su vez se hace referencia en los retos más usuales que enfrenta la gerencia para la utilización óptima del capital social (retos estructurales, relacionales y cognitivos. Los fundamentos expuestos, plantean las prácticas que se lideran desde la gerencia para enfrentar exitosamente la capacidad de estimular y propiciar las relaciones, así como habilitar la confianza y promover la cooperación. Los resultados destacan, que toda organización posee un conjunto de bienes o activos que están representados por las conexiones dinámicas de su personal, y que estas se basan y estimulan por la confianza, según lo describe Fukuyama (2000 por el entendimiento mutuo y por los valores compartidos, además son reforzadas por las formas de conducta que se dan en la organización; donde la transparencia de las conexiones hace posible la acción en colaboración, esencial para el éxito organizacional. Se concluye, con el planteamiento de sugerencias para la gerencia de las organizaciones en general, con énfasis en las del ámbito académico.

  15. Capital intelectual e innovación: una sinergia necesaria

    Directory of Open Access Journals (Sweden)

    Nadia Ugalde Binda

    2011-01-01

    Full Text Available Muchos estudios se han hecho para medir el capital intelectual de las empresas, pero pocos demuestran su relación con la creación de ventajas competitivas que se transformen en utilidades. Existe el convencimiento general de que la sobrevivencia de las compañías y su capacidad de generar utilidades están muy vinculadas a su habilidad de reinventarse. Afortunadamente la innovación no proviene necesariamente de altas inversiones en investigación, su fuente principal es el capital intelectual que mejora los productos y servicios y la eficiencia en el uso de los recursos. En el presente trabajo se ha recopilado información sobre el capital intelectual y estudios anteriores sobre factores de éxito relacionados con la innovación. Convertir el capital intelectual en una ventaja competitiva y las innovaciones en utilidades debe ser la meta de toda empresa.

  16. 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...

  17. 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...

  18. 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...

  19. 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...

  20. 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…

  1. 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

  2. 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...

  3. 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.

  4. 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.

  5. 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.

  6. 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.

  7. 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

  8. 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

  9. Diseño de un Sistema en Línea para la Formación del Capital Humano de la Industria del Software en México Basado en Competencias Laborales

    OpenAIRE

    García Rodríguez, Claudia

    2004-01-01

    En un mundo globalizado, donde el uso de la tecnología de la información y comunicaciones (TIC´s) es imprescindible para mantener la competitividad internacional de los diversos sectores económicos y sociales, la industria del software (IS) en México enfrenta diversos problemas. Por un lado, los que atañen directamente a esta industria y por otro, las repercusiones en otros sectores productivos al carecer de tecnologías que les permitan desarrollar productos competitivos a nivel nacional e in...

  10. Capitalization for whom?: the PFAS system

    OpenAIRE

    Cruz-Saco Oyague, María Amparo; Ivachina Borovinskaya, Victoria

    1999-01-01

    Se simula la rentabilidad, las comisiones de administración y afiliación de equilibrio esperados durante 1999-2002 para las cinco AFPs que constituyen la industria. Concluimos que el oligopolio de AFPs posee una alta rentabilidad esperada sobre el capital después del quinto año de funcionamiento, una vez que se recupera la inversión en activos intangibles y se sanean financieramente las administradoras. Los costos transaccionales del ahorro previsional de las AFPs continúan altos debido a la ...

  11. 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...

  12. América Latina, pentecostalismo e capitalismo periférico: aproximações teóricas para além do culturalismo: Latin America, pentecostalism and peripheral capitalism: a theoretical approach beyond culturalism

    Directory of Open Access Journals (Sweden)

    Arenari, Brand

    2015-01-01

    Full Text Available Neste trabalho, procuro mapear o desenvolvimento da análise sobre religião, e mais especificamente, sobre o pentecostalismo. Com este objetivo, pretendo analisar, sobretudo, os caminhos teóricos que buscam entender a nova onda de expansão religiosa dos últimos quarenta anos. Após a apresentação do modelo analítico e teórico sobre religião e pentecostalismo no século XX, situo minhas principais pretensões teóricas em relação aos estudos tradicionais sobre pentecostalismo e religião. Desse modo esforço-me para demonstrar como a visão sociológica dominante sobre religião atualmente, e, consequentemente, sobre o pentecostalismo, está relacionada com a mudança paradigmática que podemos chamar de culturalismo, a qual se iniciou, mais claramente, nos anos 80. Essa mudança negligenciou as causas “materiais” do desenvolvimento da religião, distanciando-se das explicações funcionalistas para valorizar aspectos “imaterias” da cultura

  13. 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

  14. Resultados do monitoramento dos Fatores de risco e Proteção para Doenças Crônicas Não Transmissíveis nas capitais brasileiras por inquérito telefônico, 2008 Monitoring of Risk and Protective factors for Chronic Non Communicable Diseases by telephone survey in Brazilian State Capitals, 2008

    Directory of Open Access Journals (Sweden)

    Deborah Carvalho Malta

    2012-09-01

    Full Text Available OBJETIVO: Analisar os fatores de risco e proteção para Doenças Crônicas Não Transmissíveis - DCNT nas capitais do Brasil. METODOLOGIA: Foram analisadas informações provenientes do sistema de vigilância de fatores de risco e proteção para DCNT por inquérito telefônico - VIGITEL, em 2008. A amostra foi composta por 54 mil entrevistas sendo as frequências apresentadas para o conjunto das capitais por sexo, faixa etária e escolaridade. RESULTADOS: O estudo mostrou diferenças na prevalência de fatores de risco e proteção de DCNT entre sexos, idade e escolaridade. Os homens apresentaram maiores frequências de fatores de risco como fumo, excesso de peso, consumo de refrigerantes, carnes com excesso de gordura e bebidas alcoólicas. Os homens praticam mais atividade física no lazer. As mulheres se alimentam melhor e referem mais diagnóstico médico de doenças, como hipertensão arterial, dislipidemia e osteoporose, além de estado de saúde ruim. Em geral, os fatores de risco são mais frequentes na população de menor escolaridade. DISCUSSÃO: Estas informações devem redirecionar a implementação das políticas públicas com foco em um modo de viver mais saudável e escolhas individuais mais adequadas por parte da população adulta brasileira.OBJECTIVE: To estimate the prevalence of protective and risk factors for the most important chronic non communicable diseases in all Brazilian capitals, including the Federal District. METHODS: Data used were collected in 2008 through VIGITEL, an ongoing population-based telephone survey surveillance system implemented in all Brazilian State capitals since 2006. In 2008, over 54,000 interviews were completed over the phone with a random sample of individuals living in all 27 capitals. RESULTS: The analyses showed differences in the prevalence of determinants of chronic diseases by demographic characteristics such as gender, age and schooling. Men were more likely to be current smokers

  15. 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...

  16. 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.

  17. 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...

  18. 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...

  19. 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...

  20. EL CAPITAL INTELECTUAL Y LA GESTIÓN DEL CONOCIMIENTO / INTELLECTUAL CAPITAL AND KNOWLEDGE MANAGEMENT

    Directory of Open Access Journals (Sweden)

    Marusia Monagas-Docasal

    2012-04-01

    Full Text Available El artículo expone el análisis de los conceptos de gestión del conocimiento y de capital intelectual, así como la valoración de 12 modelos para la medición del capital intelectual; los cuales, por sus características y conceptos de aplicación, pudieran, de manera total o parcial, emplearse en las condiciones de las empresas hoteleras cubanas. Se identifican insuficiencias en los modelos analizados, que no imposibilitan utilizar los indicadores contenidos en ellos en la medición del capital intelectual en empresas hoteleras. Como resultado, se deciden utilizar los indicadores del modelo Skandia, concentrados en 4 grupos: cliente, recursos humanos, renovación y desarrollo y procesos. De los 85 indicadores de este modelo, los expertos consideran que 23 de ellos resultan de posible aplicación en las empresas hoteleras cubanas.AbstractThe article presents an analysis of the concepts of knowledge management and intellectual capital, as well as the assessment of 12 models for measuring intellectual capital, which could be used, totally or partially, in Cuban hotel companies, due to their characteristics and application concepts. Some inadequacies in the above mentioned models are identified, which do not limit the use of their indicators in measuring intellectual capital in hotel companies. As a result, the decision is to use the indicators of the Skandia model, concentrated into 4 groups: client, human resources, renovation and development, and processes. Out of the 85 indicators of this model, experts consider that 23 can be applied in Cuban hotel companies.

  1. 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.

  2. 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.

  3. 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.

  4. Córdoba ¿capital nacional de las tecnologías de la información y la comunicación o paraíso fiscal y de mano de obra calificada barata?

    Directory of Open Access Journals (Sweden)

    Natalia Berti

    2007-01-01

    Full Text Available El discurso del gobierno de la provincia de Córdoba apuesta a una ciudad de las tecnologías. El modelo elegido privilegia el lugar de las empresas de software y los call centers, especialmente aquellos liderados por capitales extranjeros. A los fines de presentar algunos interrogantes sobre las políticas de promoción industrial, se tomarán como punto de partida los recientes anuncios del desembarco de Intel en Córdoba y se analizarán los beneficios ofrecidos por el gobierno. Además se indagará acerca de las ventajas y desventajas de favorecer la localización de estas empresas, y se ampliará el campo de estudio para incluir las empresas de capitales locales que participan en estas ramas productivas. De esta forma se busca iniciar un debate y reflexionar acerca del impacto del modelo adoptado por el gobierno provincial.

  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. 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.

  7. Multicriteria Estimated Cost of Equity Capital Estimación multicriterio del costo de capital patrimonial

    Directory of Open Access Journals (Sweden)

    Juan Carlos Gutiérrez Betancur

    2009-12-01

    Full Text Available The estimation of the cost of equity capital is a key input to the capital budgeting  process when the firm uses internal financing. Financial analyst and managers usually utilize the CAPM to estimate the cost of equity which requires both measurement of  the market risk premium and estimation of beta. For publicly traded firms, calculating the cost of equity is entirely based on information from the financial markets. Non traded firms and small businesses do not have sufficient market based information. This article proposes a multicriteria model to determine the cost of equity for non traded firms. The Analytic Hierarchy Process developed by Thomas Saaty is the proposed methodology for deriving relative priorities of tangible and intangible corporate risk factors. The model requires business managers to identify the relevant information sources for the required input data. The inconsistencies checking mechanism within the AHP model allows management to identify inconsistencies, to revise prior judgments and to synthesize coherently.ResumenLa estimación del costo del capital propio es un elemento clave en el proceso de presupuestación de capital. Analistas y gerentes financieros utilizan el CAPM para estimar el costo del patrimonio, el cual requiere tanto la medición de la prima de riesgo del mercado como la estimación de beta. En el caso de compañías públicamente cotizadas y bursátiles, el cálculo del costo del patrimonio se basa totalmente en la información disponible en los mercados financieros. Las firmas no transadas en bolsa no cuentan con suficiente información de mercado que permita construir un comparable exactamente válido. Este artículo propone un modelo multicriterio para determinar el costo del capital propio de compañías no transadas en bolsa. El Proceso Analítico de Jerarquías desarrollado por Thomas Saaty soporta la metodología propuesta para derivar prioridades relativas de factores de riesgo corporativos

  8. Descubrimiento de oportunidades empresariales: capital humano, capital social y género

    Directory of Open Access Journals (Sweden)

    Nuria González-Álvarez

    2011-09-01

    Full Text Available El objetivo de este trabajo es analizar cuáles son los factores que influyen sobre la segunda de las etapas del proceso de creación empresarial establecidas por Shane y Venkataraman (2000, es decir, sobre el descubrimiento de oportunidades de creación empresarial. Para ello, por un lado, se analiza la influencia que pudiera tener sobre esta etapa tanto el capital humano como el capital social. Por otra parte, también se pretende analizar la existencia de diferencias de género en el descubrimiento de oportunidades empresariales. Para ello, se utiliza una muestra de 28.888 individuos provenientes del Proyecto Gem (2009, que permite concluir que los individuos que poseen un mayor stock de capital humano, así como aquellos que están inmersos en amplias redes sociales, descubrirán más oportunidades de creación empresarial. asimismo, este trabajo muestra que existen diferencias de género en cuanto al descubrimiento de oportunidades de creación empresarial.

  9. 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...

  10. 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.

  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. Tres pinceles : organizaciones de arte comunitario y capital social.

    OpenAIRE

    Nardone, Mariana

    2012-01-01

    En este trabajo se lleva a cabo una reflexión teórica acerca del arte comunitario y el capital social. El eje orientador gira en torno a si las experiencias organizativas de arte comunitario son eficaces para el fortalecimiento del capital social. Se revisa el concepto de arte comunitario en base a autores tanto nacionales como internacionales. Se concluye que lo distintivo del arte comunitario es su naturaleza grupal, la participación activa de sus miembros en un proceso creativo y su desarr...

  13. 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...

  14. 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...

  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. 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.

  19. 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...

  20. 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...

  1. 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....

  2. 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.

  3. 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...

  4. 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...

  5. 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

  6. 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...

  7. 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)

  8. 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

  9. 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…

  10. 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...

  11. 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.

  12. 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

  13. 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…

  14. 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

  15. 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.

  16. 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

  17. Para-Sermayenin Yeniden Yapılandırılması : Türk Özel Bankacılık Sektörü Örneği = The Restructuring of Money Capital with Special Reference to Turkish Banking System

    Directory of Open Access Journals (Sweden)

    Aylin Çiğdem KÖNE

    2003-06-01

    Full Text Available This paper aims to study money capital and banks which are one of the crucial institutions of money capital in context with social circulations of capital and the restructuring of the banks during globalization process. The framework of restructuring of banks during capitalist capital accumulation process has been explicated after expressing the relation between money capital and real capital. Consequently, in the last section, Turkish banking system in the period after 1980 has been analysed. Afterwards the number and the distribution of banks are studied with the purpose of explaining the transformation in this sector. Additionally the development of concentration trends during the same period are examined by means of general concentration rate and the effects of the crisis are put forward in this way.

  18. 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....

  19. 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.

  20. 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...

  1. 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...

  2. 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.

  3. 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

  4. 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...

  5. 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.

  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. FRANQUICIAS. Una Alternativa para Emprendedores

    Directory of Open Access Journals (Sweden)

    Jorge Enrique Silva Duarte

    2003-07-01

    Full Text Available Este artículo presenta las ventajas de las franquicias como alternativa de negocios. Para un emprendedor exitoso ya establecido es más rentable permitir el uso de su conocimiento explícito mediante el formato de negocio de su firma y recibir regalías mensuales sobre las ventas brutas, que invertir en la apertura de cada nuevo punto. Igualmente, para quien desee iniciarse como empresario, la modalidad de franquicia es muy interesante: en primer lugar, porque empieza con un negocio ya probado, utiliza la imagen extendida de la franquicia y recibe un apoyo corporativo del franquiciador; adicionalmente, detrás del formato de negocio que contrata, está el capital relacional, en otras palabras, la experticia del franquiciador, el conocimiento del mercado, la base de clientes y de proveedores y el capital humano.

  8. Atributos de un gimnasio “Ideal” en Salta Capital

    OpenAIRE

    Hussein, Nardia Carolina

    2018-01-01

    92 p. il. En la Capital se observan múltiples opciones a la hora de entrenar, desde ciclovías en distintos puntos de la ciudad, parques adaptados para realizar actividad física y varios edificios equipados con máquinas para hacer levantamiento de pesas, tomar clases de spinning, aeróbicas, baile, taebox, entre otros. La investigación que se llevará a cabo pretende determinar y describir las condiciones y atributos requeridos por los habitantes de la ciudad de Salta que asisten o plan...

  9. 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...

  10. 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.

  11. 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.

  12. 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

  13. 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.

  14. 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

  15. 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.

  16. 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.

  17. Cooperación internacional para el desarrollo en Medellín Cooperación internacional para el desarrollo en Medellín. Una mirada desde la integración en redes y formación de capital social

    Directory of Open Access Journals (Sweden)

    Óscar Eduardo Medina Arango

    2008-12-01

    Full Text Available This article presents network bonds between organizations with the objective of making processes more dynamic through international cooperation for development. It also presents the description of certain actors and instruments of international cooperation in the city of Medellin.The content is based on the results of interviews with seventeen organizations of different types: NGOs, non-profit organizations and public and private organizations in the areas of education, health and research. The organizations studied make part of different networks to work in International Cooperation. The characteristics, legal form, members, and types of networks are described. El artículo presenta los vínculos en red entre organizaciones que pretenden dinamizarprocesos a través de la cooperación internacional para el desarrollo. Ofrece, además,una descripción de algunos de los actores e instrumentos de cooperación internacional en el municipio de Medellín. Su contenido se fundamenta en los resultados construidossobre 17 organizaciones en total. Entre estas se incluyeron diferentes actores: ONG,fundaciones empresariales, organizaciones públicas y privadas en áreas de la educación,investigación y salud, vinculadas a diferentes redes que conforman nodos para trabajaren cooperación internacional. Se describen la caracterización de las redes, su naturalezajurídica, los miembros de la red y su tipología, entre otros aspectos. 

  18. GOVERNANÇA CORPORATIVA E CUSTO DE CAPITAL DE TERCEIROS: EVIDÊNCIAS ENTRE EMPRESAS BRASILEIRAS DE CAPITAL ABERTO

    Directory of Open Access Journals (Sweden)

    Camila Veneo Campos Fonseca

    Full Text Available RESUMO O reduzido acesso ao capital de terceiros, especialmente os de mais longo prazo, é um dos principais problemas do ambiente corporativo brasileiro. Conflitos de agência e existência de informação assimétrica nas transações efetivadas no mercado financeiro resultam no racionamento do crédito e no encarecimento do custo de capital. A adoção de melhores práticas de governança corporativa pelas empresas, ao implicar redução do custo de capital, amplia a captação de recursos para o investimento, mitigando o problema do financiamento empresarial. O objetivo deste estudo é avaliar a relação entre a adoção de melhores práticas de governança corporativa e o custo do capital de terceiros das empresas brasileiras não financeiras de capital aberto no período 2010-2014. De forma a atingir tal objetivo, foi utilizado um modelo de dados de painel com 230 companhias, sendo a estimação realizada pelo Método dos Momentos Generalizado Sistêmico (GMM-Sis. Os resultados apontaram que a adoção de melhores níveis de governança corporativa reduziu o custo do capital de terceiros das companhias presentes na amostra. Além disso, verificou-se que as variáveis custo de capital de terceiros do ano anterior, lucratividade e nível de emissão de ações preferenciais exerceram uma influência estatisticamente significativa sobre o custo contemporâneo da dívida.

  19. 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.

  20. 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...

  1. 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...

  2. 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.

  3. Tratamento de água para abastecimento público por ultrafiltração: avaliação comparativa através dos custos diretos de implantação e operação com os sistemas convencional e convencional com carvão ativado Drinking water treatment by ultrafiltration: comparative evaluation through direct capital and operational costs with conventional and conventional with activated carbon systems

    Directory of Open Access Journals (Sweden)

    José Carlos Mierzwa

    2008-03-01

    Full Text Available Neste trabalho é apresentada uma avaliação comparativa preliminar entre os sistemas de tratamento de água por ultrafiltração, convencional e convencional com carvão ativado, com base nos custos diretos de implantação e operação, utilizando-se os resultados obtidos em uma unidade piloto de ultrafiltração, instalada junto à captação de água no Reservatório Guarapiranga. Para comparação considerou-se os dados relativos à eficiência da remoção de Carbono Orgânico Total. A avaliação de custos foi feita pelo método de cálculo do período de retorno de investimento, obtendo-se valores de R$ 0,20/m³ para o sistema convencional e R$ 0,40/m³ para os outros sistemas. Estes resultados mostram o potencial de processos de separação por membranas no tratamento de água para abastecimento público.In this work it is presented a comparative evaluation for ultrafiltration, conventional, and conventional with activated carbon water treatment systems, considering direct capital and operational costs, based on the results of an ultrafiltration pilot unit, installed at the Guarapiranga’s Reservoir. In order to compare the costs it was considered Total Organic Carbon removal efficiency. Cost evaluation was performed based on the pay back method, resulting in a value of R$ 0.20/m3 for conventional water treatment system, and R$ 0.40/m3 for the others. These results clearly demonstrate the high potential of membrane separation technology for drinking water treatment.

  4. EL CAPITAL SOCIAL: UN PARADIGMA EN EL ACTUAL DEBATE SOBRE EL DESARROLLO. TENDENCIAS Y PROBLEMAS

    Directory of Open Access Journals (Sweden)

    Laura Mota Díaz

    2002-01-01

    Full Text Available El presente ensayo hace referencia al concepto de capital social como un paradigma que se ha ido rescatando y reformulando en la reciente discusión sobre el desarrollo y que está siendo impulsado por diversos organismos internacionales como el Banco Mundial, el Banco Interamericano de Desarrollo, el Programa de Naciones Unidas para el Desarrollo y la CEPAL, entre otros, con el objetivo de producir efectos en la reducción de la pobreza y desigualdad, con miras a lograr la equidad y democracia que se constituyen como factores indispensables para los actuales procesos de internacionalización económica. Se reflexiona sobre las principales tendencias de la creación, promoción y uso de capital social como elemento importante para el desarrollo y se mencionan algunos de los problemas que pueden impedir que dicho capital sea funcional en ciertos contextos.

  5. 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

  6. 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.

  7. 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.

  8. 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.

  9. Capital social y desarrollo económico. Los casos de Silicon Valley y Villa El Salvador

    Directory of Open Access Journals (Sweden)

    Pablo Galaso Reca

    2005-01-01

    Full Text Available Este artículo se refiere a las relaciones existentes entre el capital social y el desarrollo económico. Para ello, en primer lugar presenta un marco teórico que muestra la evolución del concepto de capital social, su clasificación, medición y algunas aplicaciones prácticas. Posteriormente, explica teóricamente los efectos del capital social en el desarrollo económico. Finalmente, analiza dos experiencias de desarrollo económico altamente vinculadas con el concepto de capital social: los casos de Silicon Valley y Villa El Salvador.

  10. 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...

  11. 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

  12. Modelos de presupuestación de capital en finanzas corporativas y utilidad de los mismos

    OpenAIRE

    Pico Rodríguez, Daniel; Fuertes Perea, Santiago; Escobar Jaramillo, Andrés Felipe

    2016-01-01

    La siguiente investigación describe una aproximación teórica al tema de los modelos de presupuestación de capital, el objetivo fundamental se basa en comprender su enfoque e importancia al momento de tomar decisiones de inversión por parte de los directores de una empresa, así como de prever los efectos de esta en un futuro. Al respecto, y sobre la base de que los modelos de presupuestación de capital son herramientas para analizar posibles erogaciones de capital por parte de una empresa, es ...

  13. 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...

  14. 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.

  15. Identificación de posibles talentos para el deporte de atletismo en las edades de 8 a 11 años, desde la realización de actividades deportivas- recreativas en la circunscripción numero127 del Consejo Popular Capitán San Luis

    Directory of Open Access Journals (Sweden)

    Antonio Sánchez Bustamante

    2009-06-01

    Full Text Available Teniendo en cuenta que nuestro  trabajo va encaminado a la  identificación de posibles talentos para el deporte de atletismo a través de las actividades deportivas recreativas señalamos lo siguiente: Las actividades deportivas recreativas con los niños y especialmente aquellas dirigidas a la identificación de posibles talentos  ayudan a la formación integral por ser esta a su vez un proceso de larga duración en el cual intervienen numerosos factores, los cuales garantizan el éxito de cara al futuro. Entre estos factores de mayor importancia para el desarrollo exitoso del mencionado proceso se logrará desarrollar mayor la colectividad,   romper con actividades esquemáticas, permite compartir actividades con amigos de ambos sexos, mejora el desarrollo y sobre todo el empleo del tiempo libre en el desarrollointegral y polifacético del niño.  Cuando encontramos un niño con nivel más alto de lo normal nos asalta la alegría  ya que el talento es la actitud, la habilidad o conjunto de habilidades necesarias para realizar una actividad. Se trata de un potencial, una capacidad que con el tiempo y el trabajo puede dar sus frutos. Existe  la  opinión  de  que  en  el  deporte  moderno  es  imposible  alcanzar importantes éxitos sin talento.A nuestra investigación como algo novedoso  le hemos incluido varios pasos.1er  paso: Observación del  desenvolvimiento  en el  desarrollo  de  las habilidades que presenta el niño durante su participación en las actividades deportivas recreativas.2do paso: Realización de pruebas físicas. 3er paso: Evaluación de las pruebas realizadas por los parámetros evaluativos del Programa Nacional  de Atletismo en las edades de 8 a11 años.4to paso: Mediciones antropométricas. Índice –peso –talla y otros aspectos.5to paso: Comprobación veraz de la identificación. 6to paso: Información a los entrenadores del Deporte de Atletismo que pertenecen a la  Escuela Comunitaria

  16. 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...

  17. 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...

  18. 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...

  19. 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....

  20. 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

  1. 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.

  2. Social capital, cultural festivals and tourism in Catalunya

    Directory of Open Access Journals (Sweden)

    Greg Richards

    2005-11-01

    Full Text Available Muchos estudios han resaltado los efectos negativos potenciales del turismo sobre la cultura local. Los eventos culturales son un área de preocupación particular dado que pueden parecer "inauténticos" al ser vistos por los turistas, además de perder el significado para los residentes locales. Estos argumentos tienden a pasar por altola capacidad de las comunidades locales para usar el turismo de manera creativa como medio para exponer y fortalecer su identidad local (friedman, 1994. Uno de las más importantes indicadores de resistencia de las comunidades locales es el nivel del capital social presente en la población receptora, lo cual es importante a la hora de crear cohesión social y asegurar una distribución más equitativa de los beneficios del turismo. Este artículo presenta un estudio del capital social, redes locales y turismo en Cataluña. Encuestas a residentes locales y visitantes a las fiestas indican un nivel relativamente alto de capital social entre los residentes locales, particularmente en términos de membresías a asociaciones culturales. Existe una relación directa entre membresía de asociaciones culturales, participación activa en eventos culturales y actitudes positivas hacia cambios culturales y hacia el turismo. Esta investigación plantea que el desarrollo del capital social puede ser una manera de desarrollar relaciones más positivas entre el turismo y la cultura, tomando en cuenta que el papel de las asociaciones y redes locales es esencial en este proceso.

  3. 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...

  4. 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…

  5. Capital emprendedor y crecimiento económico

    Directory of Open Access Journals (Sweden)

    David B. Audretsch

    2009-10-01

    Full Text Available Este trabajo muestra cómo y por qué el modelo de crecimiento de Solow es útil para relacionar capital emprendedor y crecimiento económico. El filtro del conocimiento impide la transmisión de conocimiento para su comercialización y por consiguiente debilita el impacto de las inversiones en conocimiento sobre el crecimiento económico. La actividad emprendedora es un importante mecanismo para la transmisión del conocimiento, que permite traspasar el filtro del conocimiento. La actividad emprendedora es el eslabón perdido entre las inversiones en nuevo conocimiento y el crecimiento económico. La cada vez más importante política de fomento de la actividad emprendedora promueve el crecimiento económico a través del capital emprendedor o de la capacidad de una economía para crear nuevas empresas o facilitar el crecimiento de las mismas.

  6. 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...

  7. 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...

  8. 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.

  9. Prevalência de fatores de risco e proteção para doenças crônicas nas capitais do Brasil - principais resultados do Vigitel 2010 Protection from chronic diseases and the prevalence of risk factors in Brazilian state capitals - main results from Vigitel 2010

    Directory of Open Access Journals (Sweden)

    Betine Pinto Moehlecke Iser

    2012-09-01

    Full Text Available OBJETIVO: descrever os principais fatores de risco e proteção para doenças crônicas com dados do inquérito telefônico de 2010. METODOLOGIA: entrevistas telefônicas realizadas em amostra probabilística dos adultos residentes nas capitais do Brasil e Distrito Federal com telefone fixo residencial. As prevalências foram estratificadas por sexo, idade e escolaridade. RESULTADOS: Foi verificado alto consumo de refrigerantes (28%, de carne com gordura (46% e de consumo abusivo de álcool (18%, e baixo consumo de frutas e hortaliças (18% e de atividade física no lazer (15%. Aproximadamente metade da população referiu ter excesso de peso e não se proteger da radiação solar. A inatividade física e o tabagismo atingem cerca de 15% dos adultos. Fatores de risco foram mais prevalentes em homens, adultos jovens e de menor escolaridade. CONCLUSÃO: os resultados apontam diferentes comportamentos em saúde da população segundo características sociodemográficas. Essa variabilidade deve ser considerada nas ações de promoção de saúde.PURPOSE: To describe protection from chronic diseases and the prevalence of risk factors with data from a telephone survey in 2010. METHODS: Telephone interviews in a random sample of adults living in Brazilian state capitals and the Federal District with residential landline telephones. The prevalence of these factors was stratified by sex, age and level of education. RESULTS: High prevalence of soft drink consumption (28.1%, fatty meat consumption (34.2%, and alcohol abuse (18% and low fruit and vegetable intake (18% and leisure time physical activity (15% was verified. Approximately half the population was overweight and reported no sun protection practices. Physical inactivity and smoking afflicted almost 15% of adults. In general, risk factors were more prevalent in men, predominantly young adults with lower education levels. CONCLUSION: The results revealed differing health behavior according to socio

  10. 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.

  11. 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...

  12. ¿Quién domina los procesos territoriales? Importancia de los diferentes capitales para un desarrollo sustentable. Caso de estudio: Partido de Balcarce, Argentina // Who dominates the territorial processes?Importance of the different capitals for sustainable development. Case study: Balcarce, Argentina

    Directory of Open Access Journals (Sweden)

    Alejandra Auer

    2017-06-01

    Full Text Available En las últimas décadasestán teniendo lugaren Argentina procesos territorialescomo la agriculturización (intensificación y avance de la agricultura sobre otros usos de la tierra yel desarrollo de planes de ordenamiento territorial rural. En ambos casos los agentes del territorio afectan la evolución de estos procesos y a la vez son afectados por los mismos. Este estudio analizaambos procesos en el Partido de Balcarce (Argentina bajo el enfoque de campos sociales de Pierre Bourdieu. Se observa que la posición de los agentes dentro del campo no solo está determinada por el volumen total del capital que poseen, sino también por la estructura de dicho capital y por el capital dominante dentro del campo, afectandoesto las relaciones de poder entre agentes. Si bien el capital que rige la evolución de ambos procesos es el económico, se observa queel capital social cumple un rol estratégico dentro del campo de la comunidad rural y el capital simbólico en el campo delordenamiento territorial.

  13. 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

  14. El capital intelectual y su relación con la innovación en la universidad CES

    OpenAIRE

    Tamayo Montoya, Veronica Mariela

    2016-01-01

    En la sociedad actual del conocimiento las universidades tienen la responsabilidad de generar conocimiento e innovaciones para ofrecer soluciones a problemas de comunidades de interés. Para lograrlo las universidades deben enfocarse en su activo más importante, su capital intelectual. Hasta ahora las investigaciones relacionadas con el capital intelectual y la innovación en las universidades, son limitadas a pesar de ser un elemento estratégico para la dirección de estas organizaciones, ya qu...

  15. 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

  16. 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.

  17. 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.

  18. 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...

  19. 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.

  20. 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.

  1. 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.

  2. 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....

  3. 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...

  4. 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.

  5. 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...

  6. 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...

  7. 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

  8. 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.

  9. 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.

  10. 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...

  11. 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 ...

  12. 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.

  13. 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.

  14. 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,

  15. 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...

  16. 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...

  17. 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…

  18. 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)

  19. 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...

  20. 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)

  1. 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...

  2. 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.

  3. 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

  4. 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.

  5. 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.

  6. 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...

  7. 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…

  8. 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

  9. 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...

  10. 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

  11. 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

  12. 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...

  13. Social capital and dental pain in Brazilian northeast: a multilevel cross-sectional study

    Directory of Open Access Journals (Sweden)

    Santiago Bianca Marques

    2013-01-01

    Full Text Available Abstract Background There is limited evidence on possible associations between social determinants and dental pain. This study investigated the relationship of neighborhood and individual social capital with dental pain in adolescents, adults and the elderly. Methods A population-based multilevel study was conducted involving 624 subjects from 3 age groups: 15–19, 35–44 and 65–74 years. They were randomly selected from 30 census tracts in three cities in the State of Paraíba, Brazil. A two-stage cluster sampling was used considering census tracts and households as sampling units. The outcome of study was the presence of dental pain in the last 6 months. Information on dental pain, demographic, socio-economic, health-related behaviors, use of dental services, self-perceived oral health and social capital measures was collected through interviews. Participants underwent a clinical examination for assessment of dental caries. Neighborhood social capital was evaluated using aggregated measures of social trust, social control, empowerment, political efficacy and neighborhood safety. Individual social capital assessment included bonding and bridging social capital. Multilevel logistic regression was used to test the relationship of neighborhood and individual social capital with dental pain after sequential adjustment for covariates. Results Individuals living in neighborhoods with high social capital were 52% less likely to report dental pain than those living in neighborhoods with low social capital (OR = 0.48, 95% CI = 0.27-0.85. Bonding social capital (positive interaction was independently associated with dental pain (OR = 0.88, 95% CI = 0.80-0.91. Last dental visit, self-perceived oral health and number of decayed teeth were also significantly associated with dental pain. Conclusions Our findings suggest that contextual and individual social capital are independently associated with dental pain.

  14. 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.

  15. 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.

  16. 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.

  17. 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.

  18. 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.

  19. 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.

  20. 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.

  1. 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

  2. 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.

  3. Capital social de los padres de escolares de una zona vulnerable.

    Science.gov (United States)

    Cornejo, Susana; Herrera, Ariel; Hilas, Elena; Gigena, Y Pablo

    2018-01-01

    El capital social supone importantes inversiones materiales, simbólicas y de esfuerzos. Conocer el capital social de una comunidad puede facilitar la comprensión del beneficio de las relaciones comunitarias para la promoción de salud. Con el objetivo de reconocer los componentes del capital social de padres de escolares atendiendo una escuela en una zona vulnerable de la ciudad de Córdoba, Argentina, indagamos a través de grupos focales acerca de elementos esenciales del capital social. La asintonía socio-cultural entre los pobladores originarios y los reubicados, la estigmatización policial y el clientelismo político han generado desconfianza del uno hacia el otro en diferentes aspectos convivenciales, siendo la familia la única red de apoyo. La escuela se reconoce como espacio adonde la gente espontáneamente se organiza para invertir en redes sociales, presentándose así con potencialidad para la promoción de conductas saludables, por el lugar simbólico que ocupa para los padres.

  4. ¿Se puede recobrar el capital invertido en participaciones preferentes?

    Directory of Open Access Journals (Sweden)

    Gómez Hernández, José Antonio

    2013-01-01

    Full Text Available En este trabajo se analiza qué son las participaciones preferentes, cómo y por qué se han comercializado en España y las diversas posibilidades que ofrece el ordenamiento jurídico para intentar recuperar el capital desembolsado.

  5. 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...

  6. 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...

  7. 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)

  8. 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.

  9. 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…

  10. 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…

  11. 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…

  12. 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,…

  13. 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.

  14. 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...

  15. 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...

  16. 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…

  17. 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

  18. 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,

  19. 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...

  20. 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...

  1. 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

  2. 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.

  3. 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.

  4. 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…

  5. 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.

  6. 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...

  7. 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

  8. 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

  9. 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 ...

  10. 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...

  11. 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.

  12. 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.

  13. 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.

  14. 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.

  15. 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.

  16. 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.

  17. 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

  18. 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...

  19. 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.

  20. 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.

  1. Gestión del capital intelectual: aplicación al mantenimiento técnico.

    OpenAIRE

    Fernández Varo, Francisco; Salvador Vallès, Ramon

    2005-01-01

    Se propone un modelo y un cuadro de indicadores para la gestión del Capital Intelectual en el departamento de mantenimiento técnico de los equipos de un hospital. Bajo la perspectiva de mejorar la gestión de Capital Intelectual se analiza la situación del departamento, se establece un diagnóstico y una propuesta de actuación.

  2. 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....

  3. 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...

  4. 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...

  5. 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...

  6. 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.

  7. 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.

  8. 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...

  9. 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.

  10. 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.)

  11. 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

  12. Constant leverage and constant cost of capital : A common knowledge half-truth

    OpenAIRE

    Vélez Pareja, Ignacio; Ibragimov, Rauf; Tham , Joseph

    2008-01-01

    Un enfoque típico para valorar flujos de caja finitos es suponer que el endeudamiento es constante (generalmente como un endeudamiento objetivo o deseado) y que por tanto, el costo del patrimonio, Ke y el costo promedio ponderado de capital CPPC, también son constantes. Para los flujos de caja perpetuos, y con el costo de la deuda, Kd como la tasa de descuento para el ahorro en impuestos o escudo fiscal, Ke y el CPPC aplicado al flujo de caja libre FCL son constantes si el endeudamiento es co...

  13. El costo promedio ponderado de capital en Colombia

    Directory of Open Access Journals (Sweden)

    Eduardo Beltrán Rodríguez

    1988-04-01

    Full Text Available RESUMEN El presente escrito tiene como objeto exponer la importancia de la conformación financiera y el costo de capital en las diferentes líneas de financiación de la empresa y el rendimiento que los ahorradores exigen por ceder su liquidez durante un período de tiempo dado. El objetivo de las finanzas (Gerente General o Gerente Financiero es maximizar el valor de la empresa. Para lograrlo, las finanzas han desarrollado elementos teóricos y prácticos para medir el costo de los recursos utilizados por los negocios, esos métodos serán explicados en el presente escrito.

  14. Determinantes de la estructura de capital de los establecimientos de crédito en Colombia: 1992-2003

    Directory of Open Access Journals (Sweden)

    Iván Alejandro Durán Díaz

    2005-10-01

    Full Text Available El propósito de este artículo es analizar qué factores determinan la estructura de capital de los establecimientos de crédito en Colombia. Con este fin se hace una revisión de la literatura existente en torno al tema y, asumiendo que se cumple la hipótesis propuesta en algunas teorías de que existe una estructura de capital óptima, se implementa un modelo de optimización de un establecimiento de crédito representativo para observar cómo afectan estos factores a dicha estructura de capital óptima. Adicionalmente, se corre un modelo de panel de datos dinámico para contrastar los resultados teóricos con la evidencia empírica para los establecimientos de crédito colombianos. Finalmente se postulan algunas conclusiones sobre los resultados encontrados

  15. La innovación y el capital intelectual: factores de competitividad en la pyme manufacturera

    Directory of Open Access Journals (Sweden)

    Jorge Antonio Rangel Magdaleno

    2016-03-01

    Full Text Available El presente trabajo de investigación pretende mostrar la innovación y el capital intelectual como factores de competitividad para la pequeña y mediana empresa manufacturera. Para esto, con una muestra de 150 pymes del sector manufacturero del estado de aguascalientes, México, se realizó un análisis factorial exploratoria y confirmatoria para evaluar la fiabilidad y validez de las escalas de cada uno de los bloques utilizados, así como un análisis de ecuaciones estructurales con la finalidad de comprobar si la estructura del modelo está correctamente diseñada. Los resultados obtenidos muestran una evidencia empírica de que la innovación y el capital intelectual representan factores significativos en la competitividad del tipo de empresas sujetas a estudio.

  16. El capital humano, otro activo de su empresa

    Directory of Open Access Journals (Sweden)

    Marino Valencia Rodríguez

    2005-01-01

    Full Text Available En un ambiente como el actual, de gran competencia, cambios rápidos y permanentes, la supervivencia de una organización depende de su capacidad para generar valor agregado a sus clientes y proveedores, lo cual será la base de su competitividad y posicionamiento en el mercado, pero esto, a su vez, depende de la capacidad de innovación, velocidad de respuesta, adaptabilidad al cambio y habilidad para detectar las necesidades de los participantes en la cadena de valor de la organización. El capital humano constituye un activo intangible que tiene la capacidad de apoyar el incremento de la productividad, impulsar la innovación y con ello la competitividad. Su misma naturaleza le da características definitivamente distintivas de cualquier otro tipo de recurso. Sin lugar a dudas el éxito de cualquier organización se vincula estrechamente al desempeño de todas las personas que la integran, sin importar su jerarquía, ubicación y condición, pues son ellas las que poseen habilidades, conocimientos, relaciones sociales, actitudes, valores, etc., y son ellas las que deciden dónde, cuándo y cómo utilizarlos. Los recursos humanos son fuente de ventaja competitiva de las organizaciones, por ello las empresas cada vez en mayor medida deben identificar el valor que la persona tiene para la organización y tratar de potenciarlo, al igual deben incrementar el valor que la empresa tiene para el empleado, con el fin de captar a las mejores personas y reducir el riesgo de transferibilidad de un activo tan valioso como es el capital humano.

  17. Entradas de capital: el papel de los controles

    Directory of Open Access Journals (Sweden)

    Dennis B. S. Reinhardt

    2010-12-01

    Full Text Available Este escrito analiza el manejo de las entradas de capital en los mercados emergentes. Revisa las principales herramientas de política, incluidas la política fiscal y monetaria, la política cambiaria, la intervención en el mercado de cambios, la regulación prudencial doméstica y los controles al capital. Una conclusión clave es que si la economía funciona cerca del potencial, el nivel de reservas es adecuado, la tasa de cambio no está subvaluada y es probable que las entradas sean transitorias, el uso de controles al capital –además de la política prudencial y macroeconómica– se justifica como parte del conjunto de herramientas de política para manejar las entradas. La evidencia de la crisis actual sugiere que los controles encaminados a lograr una estructura de obligaciones externas menos riesgosa redujeron la fragilidad financiera y aumentaron la resiliencia ante caídas del crecimiento.

  18. CONSTANT LEVERAGE AND CONSTANT COST OF CAPITAL: A COMMON KNOWLEDGE HALF-TRUTH

    Directory of Open Access Journals (Sweden)

    IGNACIO VÉLEZ-PAREJA

    2008-01-01

    Full Text Available Un enfoque típico para valorar flujos de caja finitos es suponer que el endeudamiento es constante (generalmente como un endeudamiento objetivo o deseado y que por tanto, el costo del patrimonio, Ke y el costo promedio ponderado de capital CPPC, también son constantes. Para los flujos de caja perpetuos, y con el costo de la deuda, Kd como la tasa de descuento para el ahorro en impuestos o escudo fiscal, Ke y el CPPC aplicado al flujo de caja libre FCL son constantes si el endeudamiento es constante. Sin embargo esto no es verdad para los flujos de caja finitos. En este documento mostramos que para flujos de caja finitos, Ke y por lo tanto el CPPC dependen de la tasa de descuento que se utiliza para valorar el ahorro en impuestos, AI y según lo esperado, Ke y el CPPC no son constantes con Kd como la tasa de descuento para el ahorro en impuestos, aunque el endeudamiento sea constante. Ilustramos esta situación con un ejemplo simple. Analizamos cinco métodos: el flujo de caja descontado, FCD, usando APV, el FCD y la formulación tradicional y general del CPPC, el valor presente del flujo de caja del accionista, FCA más deuda y el flujo de caja de capital, FCC.

  19. 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.

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

    Directory of Open Access Journals (Sweden)

    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.

  1. Ideologias do capital humano e do capital social: da integração à inserção e ao conformismo Human capital and social capital ideologies: from integration to insertion and conformism

    Directory of Open Access Journals (Sweden)

    Vânia Cardoso da Motta

    2008-01-01

    Full Text Available Este artigo analisa as alterações operadas nas abordagens de políticas públicas para os países de 'capitalismo dependente', na virada do século, conduzidas pelos principais organismos multilaterais e materializadas nas 'políticas de desenvolvimento do milênio' (PDMs. Identifica-se que neste conjunto de políticas foram introduzidas novas bases ideológicas calcadas na 'teoria do capital social' de Robert Putnam. No âmbito da educação, compreende-se que esse processo de ajuste vai deflagrar uma nova etapa de rejuvenescimento da ideologia do capital humano que alarga as atribuições da escola e restringe a dimensão política que insere a ação pedagógica. A tese apresentada é que as PDMs são mecanismos de hegemonia de função de direção intelectual e moral, com ações concretas e definições de metas focadas nas camadas de trabalhadores 'excluídos' do processo produtivo, mas que ainda possuem condições produtivas, com a finalidade de instaurar um processo mais intensivo de educar para o conformismo. Toma-se como base de análise categorias de Gramsci.This article analyzes the changes the main multilateral agencies made, in the turn of the century, to the public policy approaches in countries where there was 'dependent capitalism,' changes materialized in the 'millennium development policies' (MDP. It is noticeable that new ideological bases, underpinned by Robert Putnam's 'social capital theory,' were introduced in these policies. In the realms of education, it is thought this adjustment process will trigger a new stage of renewal of the human capital ideology, one that increases the attributions of the school and limits the political dimension that inserts pedagogic action. The thesis is that the MDPs are intellectually- and morally-driven function hegemony mechanisms, with concrete actions and goal definitions focused on the tiers of workers who are 'excluded' from the productive process but, none-theless, are still able

  2. 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.

  3. 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.

  4. The role of life cycle on the firm’s capital structure = El papel del ciclo de vida en la estructura de capital de la empresa

    Directory of Open Access Journals (Sweden)

    Castro Paula

    2014-12-01

    Full Text Available In this work we adopt a dynamic standpoint to contribute to the debate on how and why firms choose their capital structure. Using the Dickinson’s (2011 life cycle stages of firms, based on the distinction between operating, investing and financing cash flow types, we examine the different behavior of the traditionally found explanatory variables across the stages. Taking a wide sample of public companies form UK, Germany, France and Spain, we find that the capital structure explanatory factors evolve across the life cycle stages, changing or rebalancing the prevalence of the static models in play, i.e. trade-off, pecking order, or market timing. En este trabajo, adoptamos un punto de vista dinámico para contribuir al debate sobre cómo y por qué eligen las empresas su estructura de capital. Utilizamos el modelo de Dickinson (2011 sobre etapas del ciclo de vida de las empresas, basado en la distinción entre flujos de efectivo operativos, de inversión y financieros, para analizar las diferencias de comportamiento en las distintas etapas de las variables que tradicionalmente se han encontrado significativas para explicar la estructura de capital. Sobre una amplia muestra de empresas cotizadas de Alemania, España, Francia y el Reino Unido, encontramos que los factores explicativos de la estructura de capital evolucionan a lo largo de las etapas del ciclo de vida, de manera que va cambiando la prevalencia de las teorías estáticas en competencia, equilibrio, jerarquía y oportunidad de mercado.

  5. Los flujos de capital y el Estado en Colombia The capital inflows and the State in Colombia

    Directory of Open Access Journals (Sweden)

    Kalmanovitz Salomón

    1994-12-01

    Full Text Available El artículo hace un breve análisis de los flujos de capital hacia América Latina durante el último lustro, atraídos por economías menos intervenidas por el Estado, más abiertas al comercio internacional, más estables y equilibradas en sus variables macroeconómicas fundamentales. Seguidamente se examina la economía colombiana en los aspectos de crecimiento, inflación, agregados externos, monetarios y fiscales para concluir la apreciación del peso causada por la repatriación de capitales y las expectativas sobre una nueva bonanza petrolera hacen más difícil el desarrollo de la producción de bienes transables en el país.This paper analyses briefly capital inflows in Latin America duringthe last five years which were attracted by less state intervention,more openness to international trade and more stable economies in their macro variables.Next, the paper examines the Colombian economy in themes such asgrowth, inflation, external and fiscal balances, to conclude that the appreciation of the peso, caused by the capital inflow and the expectations of a new oil boom, makes it more difficult to developthe development of tradable within the country.

  6. 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.

  7. 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.

  8. 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.

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

    Directory of Open Access Journals (Sweden)

    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.

  10. Capital óptimo de Bancos Centrales y criterios de distribución de utilidades

    OpenAIRE

    Luis Fernando Escobar Patiño; Dennise Martin Alarcón

    2005-01-01

    El capital de un banco central tiene varios roles, entre ellos, servir de respaldo para sus acciones de política y absorber posibles pérdidas por las operaciones que realiza o los riesgos que confronta; generar confianza y credibilidad en el público, y contribuir a la independencia financiera y la transparencia de la entidad. En este sentido, el objetivo de este documento es explorar los roles que cumple el capital en los bancos centrales del MERCOSUR y países asociados (en adelante MERCOSUR-...

  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. Impacto del capital intelectual en facultades de negocios de las universidades públicas

    Directory of Open Access Journals (Sweden)

    José Raúl Robles Cortez

    2013-12-01

    Full Text Available Entre las ventajas competitivas de las empresas se encuentra el capital intelectual, formado por una serie de factores que generalmente han sido denominados como activos intangibles, incorporados en prácticas, procesos, competencias, saberes, y destrezas de las personas, en culturas e infraestructuras organizacionales y relacionales. Sin embargo, es un reto la formación de capital intelectual tomando en consideración su aspecto intangible, en el contexto de los nuevos modos de determinación del conocimiento. El presente trabajo de investigación pretende analizar la importancia del capital intelectual en la gestión de las universidades públicas. Identificar el capital humano que poseen sus académicos e investigadores, teniendo presente la contribución en la producción científica. Asimismo, se busca la contribución de las investigaciones en México que proponen instrumentos de gestión de capital intelectual que mejoren su aporte a la sociedad. La adopción de programas de medición y gestión del capital intelectual constituye una opción estratégica para resaltar los resultados.

  14. 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.

  15. 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...

  16. 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.

  17. 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.

  18. 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.

  19. 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.

  20. 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.

  1. Análisis del capital humano proveedor de la asistencia técnica pecuaria en Sinaloa

    OpenAIRE

    Venancio Cuevas Reyes; Julio Baca del Moral; Fernando Cervantes Escoto; Jorge Aguilar Ávila; José Antonio Espinosa García

    2014-01-01

    El objetivo de este artículo es analizar al agente proveedor de la asistencia técnica pecuaria en Sinaloa, a través de variables asociadas al capital humano, para identificar factores críticos y hacer propuestas para mejorar este servicio. Para examinar variables categóricas se utilizó muestreo estratificado, análisis de componentes principales y la prueba ji-cuadrada. Para caracterizar al técnico pecuario se identificaron cinco componentes vinculados con los atributos, habilidades, conocimie...

  2. Los sistemas de gestión ética social y medioambiental como promotores del capital social

    Directory of Open Access Journals (Sweden)

    Alejandro Fernández Baptista

    2011-09-01

    Full Text Available La presente investigación se propone disertar acerca la necesidad existente en la vida económica de incorporar en todo tipo de empresa, bien sea de gran magnitud o una pequeña y mediana empresa, de capital público o privado, sistemas de gestión ética, social y medioambiental, para promover un clima de confianza; así como de asociatividad, el cual sirva de marco para el desarrollo del capital social en la comunidad donde esta se desenvuelva. La metodología utilizada fue de tipo descriptivo, documental, para ello se consultaron las teorías de Argan- doña (2003, Guillen (2008, y Debeljuh (2009 en cuanto a la gestión ética se refiere, así como Kliksberg (2003, Putnam (1994 y Fukuyama (1999 referidos al capital social. Las conclusiones a las cuales se llegaron evidencian la necesidad de diseñar e implantar sistemas éticos de gestión para contribuir al desarrollo de la ética empresarial la cual fomente el capital social, como elemento clave para el desarrollo económico, social, humano y medioambiental.

  3. 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.

  4. 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...

  5. 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...

  6. 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...

  7. 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.

  8. 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...

  9. 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...

  10. 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.

  11. 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.

  12. 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...

  13. 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.

  14. 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

  15. 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...

  16. 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.

  17. '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....

  18. 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...

  19. 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...

  20. 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...

  1. 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 ...

  2. 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...

  3. Competências do enfermeiro na gestão do conhecimento e capital intelectual Competencias del enfermero en la gerencia del conocimiento intelectual y capital Competencies of the nurse in the management of cognitive and capital knowledge

    Directory of Open Access Journals (Sweden)

    Rosa Maria Ruthes

    2009-12-01

    Full Text Available Trata-se da revisão sobre prática da gestão do conhecimento e capital intelectual à aplicabilidade das competências para enfermagem. Globalização e competitividade levam as organizações de saúde a buscarem formas de adaptação às transformações da gestão. Cabe ao gestor enfermeiro propor soluções à equipe de enfermagem quanto aos problemas das organizações de saúde. A gestão do capital intelectual deve cuidar que o pessoal esteja aplicando o saber em benefício da organização e do crescimento profissional. Se não houver competências necessárias para aplicação generalizada de conhecimentos, de nada vale o saber. Os enfermeiros deverão estar preparados para avaliar recursos tecnológicos, organizacionais e humanos e desenvolver competências, conhecimentos, habilidades, atitudes e valores para planejar, organizar, dirigir, controlar o conhecimento nas organizações.El artículo presenta una revisión de las competencias gerenciales del enfermero y la gerencia práctica del conocimiento y el capital humano y la aplicabilidad de la gerencia para las capacidades. La globalización y la competitividad llevan las organizaciones de salud las formas de la búsqueda de adaptación a las transformaciones de la gerencia. Cabe a la enfermera de manejo considerar soluciones al equipo de cuidado sobre los problemas de las organizaciones de salud. La gerencia del capital intelectual debe tomar el cuidado que el personal está aplicando el saber en la ventaja de la organización y del crecimiento profesional. Si no tiene capacidades necesarias para el uso generalizado del conocimiento, esto es inútil. Las enfermeras tendrán que ser preparadas para evaluar recursos tecnológicos, de organización y humanos y para desarrollar las competencias - conocimiento, capacidades, actitudes, valores - para planear, organizar, dirigir, controlar el conocimiento en las organizaciones.The article presents a review of nurse's management

  4. 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…

  5. 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...

  6. "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…

  7. 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

  8. 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…

  9. 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

  10. 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.

  11. 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.

  12. 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...

  13. 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.

  14. 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...

  15. 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...

  16. 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...

  17. 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...

  18. Fabricato: de la estrategia del capital, al capital de la estrategia

    Directory of Open Access Journals (Sweden)

    Bernardo Parra Restrepo

    1991-01-01

    Full Text Available Durante la década de los 80 se presentó el ciclo depresivo de la economía mundial que afectó notablemente a grandes empresas industriales colombianas exportadoras. Se generalizaron entonces los concordatos hasta el punto que se afirmaba que la economía estaba en Concordato. Este artículo presenta el caso de FABRICATO S.A. cuya gestión de la crisis enseña innovaciones estratégicas en el manejo de empresas en dificultades, con resultados positivos al salvarla de la quiebra. En efecto, esta empresa sorteó el juego de los factores dentro de la lógica del capital financiero. Las variables que manejó fueron las siguientes: drástica reducción de la planta de personal (-4.168 trabajadores entre 1978 y 1990 Y de los salarios, con graves consecuencias sociales para la población del Valle de Aburrá; manejo del conflicto sindical, evitando la participación del sindicato en la Junta Concordataria; emisión y venta masiva de acciones, abierta al público, probando la solidaridad ciudadana con una empresa profundamente arraigada en la población antioqueña; incorporación de innovaciones tecnológicas para hacerla nuevamente competitiva con la industria textil; manejo de inventarios y revalorización de activos frente a la inflación; adaptación a la demanda del mercado de la moda.

  19. Capital Intelectual: Su Valoración en el Contexto Empresarial (Intellectual capital assessment on the entrepreneurial context

    Directory of Open Access Journals (Sweden)

    Vernor Mesén Figueroa

    2012-12-01

    Full Text Available La evolución que la economía mundial ha experimentado durante las últimas décadas ha traído consigo, entre otros hechos importantes, un cambio en el concepto y, por consiguiente, en las metodologías que son utilizadas por los expertos para la determinación del valor de una empresa en marcha. Es así como, hoy en día, el valor de las empresas se fundamenta preponderantemente en la capacidad que sus activos intangibles (dentro de los cuales se destaca el capital intelectual tienen de generar beneficios económicos futuros, esto en contraposición al anterior esquema de valoración de empresas, el cual únicamente tasaba el valor de éstas en función de la productividad de sus activos tangibles. El presente artículo pretende reseñar las metodologías que actualmente son aceptadas y utilizadas para determinar el valor tanto financiero como contable del capital intelectual propiedad de una empresa, estableciendo a su vez, de forma clara, las diferencias importantes que existen entre ambos enfoques. Finalmente, se hacen algunas reflexiones acerca de la importancia que los activos intangibles y, en particular, el capital intelectual tienen tanto en la gestión estratégica y funcional de las empresas como en los procesos de valoración de éstas. Asimismo, se hace énfasis en la necesidad de que los expertos en materia de valoración financiera y contable de las empresas continúen trabajando en la búsqueda de un consenso para estandarizar un criterio que permita reflejar, de forma apropiada, el valor financiero de una empresa a nivel de sus estados financieros de uso general.   ABSTRACT The behavior of world economy on the last few decades has brought on, amongst other issues, a change in the concept and methodologies used by experts to value an ongoing business. Nowadays, a business is valued for the capacity of its intangible assets (specially its intellectual capital, to generate future benefits as opposed to the older view of business

  20. As raízes renegadas da teoria do capital humano

    Directory of Open Access Journals (Sweden)

    Saul Renato P.

    2004-01-01

    Full Text Available O artigo pretende reconstituir a trajetória da teoria do capital humano, no contexto da sua sociedade de origem, os Estados Unidos. A partir da identificação de tendências presentes no pensamento social americano, marcadamente do orientado, de início, para a organização do trabalho industrial através das experiências levadas a efeito por Frederick Taylor e, depois, pela teorização a respeito de um novo conceito de propriedade emergente no processo de organização das grandes empresas de capital acionário, enquadra-se a teoria do capital humano no campo de resolução do grande dilema do liberalismo americano, o da institucionalização de uma sociedade sem classes.

  1. 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...

  2. 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

  3. 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...

  4. 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.

  5. 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

  6. 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

  7. 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…

  8. 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

  9. 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.

  10. 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.…

  11. 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...

  12. 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....

  13. 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.

  14. 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)

  15. 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…

  16. 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

  17. 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…

  18. 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...

  19. 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…

  20. 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

  1. 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…

  2. 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…

  3. 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...

  4. 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...

  5. 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.

  6. 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…

  7. 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...

  8. 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.

  9. 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.

  10. 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…

  11. 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

  12. 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

  13. 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…

  14. 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

  15. 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

  16. 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.

  17. 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.

  18. 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…

  19. 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…

  20. 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…