Made available in DSpace on 2016-04-26T20:25:13Z (GMT). No. of bitstreams: 1 Ivens Henrique Hubert.pdf: 621916 bytes, checksum: 70b57f3537e4254ffce8243314cb1298 (MD5) Previous issue date: 2007-03-16 / The aim of this dissertation is to perform a broad study about the capital stock under Brazilian law. Its intention is to analyze the most relevant legal norms that structure the capital stock amongst Brazilian societies, especially companies. This study on capital stock makes a clear option for an analysis that emphasizes, above all, the functions that it fulfills, structured by legal principles which are central to this discipline. From the study of these presuppositions, sustained by a deep analysis of how principles and functions conduct the interpretation of legal rules, the main problems regarding the notion of capital stock are verified, situated, and discussed. Thus, this dissertation begins with the establishment of the fundamental presuppositions for the analysis, so to, after that, verify which principles and functions are essential in order to structure the whole discipline of the capital stock. Once all these introductory aspects are duly situated, the study examines diverse issues related to the discipline of the capital stock and its treatment by national law. Especially, this study delimitates and defines, with greater precision, the central problem of the whole structure of the capital stock: the thin capitalization. This study tries to verify its causes, which derive from corporate and fiscal reasons, its effects, as well as the possibilities regarding the treatment of this phenomenon. Besides this central issue, this study intends to examine some specific situations that refer to the theme, as the increase and decrease of capital stock and the problems that arise from the subscription and payment of capital stock. After all these points are examined, it is the goal of this analysis to achieve some conclusions regarding the deficiency in the regulation of this topic and the possibilities that it offers, taking its functions into account / O escopo do presente trabalho é realizar um exame amplo sobre a figura do capital social no direito brasileiro. Busca-se, assim, analisar as normas jurídicas mais relevantes que o estruturam no âmbito das sociedades e, em especial, das sociedades empresárias. Esse estudo faz uma nítida opção por uma análise que procure enfatizar, sobretudo, as funções que desempenha o capital social, estruturadas através de princípios jurídicos centrais nessa disciplina. A partir do exame desses pressupostos, amparados na análise detida sobre a forma como princípios e funções orientam a leitura de regras jurídicas, os principais problemas referentes à noção de capital social são verificados, situados e discutidos. Assim, parte-se inicialmente para o estabelecimento dos pressupostos fundamentais para a análise, quais sejam, a teoria dos princípios e o exame das funções para, em seguida, verificar quais os princípios e funções a estruturar toda a disciplina do capital social. Situados esses aspectos introdutórios, analisa-se uma série de questões relacionadas à disciplina legal do capital social e seu tratamento no direito pátrio. Em especial, procura-se delimitar e definir, com maior precisão, a problemática central de toda a estruturação do capital social, qual seja, a subcapitalização. A verificação de suas causas, de origem societária e fiscal, seus efeitos, bem como as possibilidades quanto ao tratamento desse fenômeno, são também analisadas. Além dessa questão central, o trabalho procura verificar algumas situações específicas relativas ao tema, tais como o aumento e a redução de capital e os problemas decorrentes da subscrição e integralização do capital social. Examinados todos esses pontos, vislumbra-se chegar a algumas conclusões, acerca da deficiência na regulação dessa figura e das possibilidades que ela oferece, tendo em vista suas funções

This thesis aims to contribute to a better understanding of the overall magnitude of intangible investment and the impact of this intangible investment on the behavior of the capital stock and on the value of capital goods. I begin by constructing a data set to document firms’ expenditures on an identi- fiable list of intangible items in Canada. I then examine the implications of treating intangible spending as the acquisition of final (investment) goods on estimates of GDP growth for Canada. I find that investment in intangible capital by 2002 is almost as large as the investment in physical capital. Furthermore, the growth in GDP and labor productivity may be underestimated by as much as 0.1 percentage point per year during this same period. I proceed by measuring the size of the stock of the intangible capital in Canada using newly released data on the market value of all securities in the economy. The approach taken relies on a quantitative application of the q-theory of investment to generate the quantity of capital owned by firms. I find that the intangible capital stock accounted for approximately 30% of overall capital since 1994. Of this, the R&D reported by national accounts makes up only 23%. These results imply that official Canadian statistics failed to account for 26% of the value of the capital stock in their 2005 quarterly data collection. Finally, I extend the q-theory of investment to model explicitly the decision of firms to invest in intangibles. I then use the model to measure the contribution of intangible goods to the overall capital stock in the U.S. The model departs from the one mentioned earlier in that it highlights the embodiment of intangible goods in tangibles and the role of relative price movements in the measurement of the contribution of each type of investment to the overall capital stock. I find that the growth in the overall capital stock from the late-80s until 2000 was driven mainly by an increase in the contribution of intangibles. However, the contribution of intangibles fell consistently after 2000. These results underscore the importance of accounting for the movements in the price of intangibles rather than focusing only on their rising share in overall investment. / Thesis (Ph.D, Economics) -- Queen's University, 2008-06-26 09:32:06.389

Zugleich: Diss. Mainz, 2008. / Literaturverz.

O objetivo geral deste trabalho foi analisar as relações entre o capital social dos agentes e as ações conjuntas desenvolvidas no Arranjo Produtivo Local de vinhos de altitude catarinense, A população é compreendida de 43 (quarenta e três) agentes, sendo 01 (um) agente da governança, 26 (vinte e seis) agentes de apoio e 16 (dezesseis) vitivinicultores. Esta pesquisa classifica-se como descritiva de caráter exploratório, utilizando-se de dados em abordagem quali e quantitativa. Na fase exploratória utilizou-se o método de análise documental e entrevistas semiestruturadas. O instrumento de coleta utilizado para obtenção das informações acerca do capital social e ações conjuntas foi questionários estruturados. A coleta de dados foi realizada por meio da técnica de pesquisa de campo usando da entrevista estruturada com os agentes selecionados, no período de 16 a 26 de novembro de 2015. Os resultados da pesquisa apontam para um bom nível de capital social, traduzindo-se em ações conjuntas na rede de agentes. Dentre as variáveis do capital social, a confiança apresenta uma média ótima na rede de agentes do APL, seguidamente por bons níveis em relação ao engajamento e comprometimento, troca de informações, normas e sanções, horizontalidade e autoridade e capacitação. Isso tem gerado um bom nível de envolvimento e efetividade de ações conjuntas, a se destacar a organização de eventos, participação conjunta em feiras e eventos, campanha de marketing, desenvolvimento de produtos e processos e capacitação de recursos humanos. Há um pequeno grupo de agentes que apresenta um capital social forte e um ambiente propício para o aumento desse capital em toda a rede. Porém, a avaliação de reciprocidade e densidade apresenta um terço das possibilidades desta rede, ocasionado principalmente pela distância geográfica de muitos agentes que compõem o APL. A principal limitação do estudo centrou-se na dificuldade em mapear toda a rede de agentes antes da aplicação dos questionários e na identificação dos responsáveis em cada um dos agentes de apoio em prestar as informações adequadamente. Recomenda-se aplicar esta estes questionários em outros APL’s, bem como aplicação neste futuramente para uma avaliação temporal deste estudo. / The general goal of this study was to analyze the relations between the agents’ social capital and joint actions developed by the Cluster of wine produced at the high altitudes of Santa Catarina. This group is made up of 43 agents: one governing agent, 26 support agents and 16 winemakers. This descriptive and exploratory study uses data from qualitative and quantitative approaches. During the exploratory phase, a documental analysis was carried out, as well as semi-structured interviews. The data collection tool used to gather information concerning the social capital and joint actions was the semi-structured questionnaire, and this data gathering was conducted through field research using a structured interview with the selected agents from November 16 to November 26, 2015. The results of this study show a good social capital, which reflects on the joint actions done by the agents. Among the variables of social capital, trust shows a great level among the Cluster agents, followed by good levels concerning commitment and involvement, information share, rules and sanctions, horizontality and authority and improvement. As a result, it has created a nice level of involvement and effectiveness of joint actions, highlighting events organization, joint participation at fairs and events, marketing campaigns, development of products and processes, and human resources improvement. There is a small group of agents who show a strong social capital and a proper environment to expand this capital throughout the network. However, the evaluation concerning reciprocity and density represents only one third of the possibilities of this group, and it happens especially because of the geographical distance between the agents who are part of the Cluster. The main limitation of this study was the trouble trying to map the whole agent group before applying the questionnaires and identifying the responsible people in each of the support agents to inform everything correctly. It is suggested that these questionnaires be carried out with other Clusters as well as in the future in order to have a temporal assessment of this study.

Submitted by Felipe Diogo Camêlo (fdiogo.camelo@gmail.com) on 2018-07-05T15:41:51Z No. of bitstreams: 1 Tese_FelipeDiogoCamelo.pdf: 649864 bytes, checksum: 09e2d4e77981e76ab7aa60bb997240aa (MD5) / Approved for entry into archive by GILSON ROCHA MIRANDA (gilson.miranda@fgv.br) on 2018-07-06T13:46:37Z (GMT) No. of bitstreams: 1 Tese_FelipeDiogoCamelo.pdf: 649864 bytes, checksum: 09e2d4e77981e76ab7aa60bb997240aa (MD5) / Made available in DSpace on 2018-07-16T20:13:16Z (GMT). No. of bitstreams: 1 Tese_FelipeDiogoCamelo.pdf: 649864 bytes, checksum: 09e2d4e77981e76ab7aa60bb997240aa (MD5) Previous issue date: 2018-04-27 / Using firm-level data from an administrative Brazilian dataset, I document a few stylized facts regarding capital stock accumulation patterns and investment decisions. Finding evidence largely in favor of micro-level lumpiness of investment as it was found for American firms, I document that there are a few particularities in the behavior of Brazilian firms. First, I document that the distribution of the growth rate of capital is more dispersed, with “fatter” tails. Second, I also show that, as economic activity, the volume of investment and capital stock are more concentrated on a small number of firms, micro-level lumpiness might have a bigger role in understanding aggregate movements. Third, I show that the observable characteristics of Brazilian firms explain a lot more of sudden movements in capital growth when compared to the U.S., after controlling for industry specific characteristics and other variables. Fourth and last, I compute statistical measures related to the investment rate distribution, which show that investment at the firm-level seems to be even “lumpier” in Brazil, with firms investing less on average, while experiencing more episodes of investment spikes and periods of inaction.

Submitted by Filipe dos Santos (fsantos@pucsp.br) on 2018-08-17T13:18:52Z No. of bitstreams: 1 André Nardy.pdf: 1963684 bytes, checksum: a82de1fcbde856de94ee26d68549f774 (MD5) / Made available in DSpace on 2018-08-17T13:18:52Z (GMT). No. of bitstreams: 1 André Nardy.pdf: 1963684 bytes, checksum: a82de1fcbde856de94ee26d68549f774 (MD5) Previous issue date: 2018-07-04 / Coordenação de Aperfeiçoamento de Pessoal de Nível Superior - CAPES / The objective of this work is to contribute to the discussion of culture as an independent variable in Finance. The relationship between economic and financial attitudes and conceptual models of culture is analyzed; so as the relationship between financial behaviors of saving and borrowing and conceptual models of culture, from the Brazilian sample of the World Values Survey in its last available wave (2014). Individuals are considered as social agents and their context is considered in this analysis. The models of culture tested are based on the literature of anthropology, sociology, psychology, finance and economics: Religious denomination, Religious practices, Practices and denominations, Religious values and denominations, Schwartz personal values scale and Capitalist Culture and Hierarchism. Binary logistic regression is used as the main analysis tool. There is evidence of a Protestant ethic for attitude toward work and wealth generation for the individuals of this denomination, in different models, even in a historically Catholic society such as Brazil. The same is not true for evangelicals. Social capital, in its dimensions of trust in group, network connectivity and cooperation also present statistical significance in the lastly mentioned model. Hierarchism presents little evidence of contributing to the understanding of attitudes and behaviors analyzed / O objetivo do presente trabalho é contribuir para a discussão da cultura como variável independente em estudos de Finanças. Analisa-se a relação entre atitudes econômicas e financeiras e modelos conceituais de cultura; e entre comportamentos financeiros de economizar e tomar emprestado e modelos conceituais de cultura, a partir da amostra brasileira da Pesquisa Mundial de Valores em sua última onda disponível (2014). Considera-se os indivíduos como agentes sociais e seu contexto para esta análise. Os modelos de cultura testados baseiam-se na literatura de antropologia, sociologia, psicologia, finanças e economia: Denominação religiosa, Práticas religiosas, Práticas e denominações religiosas, Valores e denominações religiosas, Escala de valores pessoais de Schwartz e Cultura Capitalista e Hierarquismo. Emprega-se regressão logística binária como principal ferramenta de análise. Verifica-se indícios de uma ética protestante para a atitude perante trabalho e geração de riqueza para os indivíduos desta denominação, em diferentes modelos, mesmo em sociedade historicamente católica como a brasileira. O mesmo não se verifica para evangélicos. Capital social, em suas dimensões de confiança in group, conectividade em rede e cooperação também apresentam significância estatística no último modelo citado. Hierarquismo apresenta poucos indícios de contribuir para o entendimento das atitudes e comportamentos analisados

Univ., Diss.--Gießen, 2005. / Literaturverz. S. 219 - 229.

<p> <p>&nbsp / </p> </p> <p align="left">In this thesis I argue that by taking account of economic disparities and backlogs in intergovernmental infrastructure grants to municipalities in South Africa, government will effectively meet its constitutional obligation to equitably allocate infrastructure grants to local government according to the principles of parity, proportionality and priority (Young, 1994). Municipalities will thus be able to provide basic services to households in keeping with the Bill of Rights of the Constitution of South Africa (1996). Adapting the Petchey et al (2004) provincial capital expenditure grant model to the provision of municipal services using secondary data and information from local municipalities in the Cape Winelands District, I evaluate whether government&rsquo / s existing municipal grants are allocated equitably and, whether they account for disparities that differentiate municipalities from each other. The findings from my analysis show that the current approach to financing municipal infrastructure does not sufficiently account for disparities and thus, undermines the requirement for equitability, adequacy and efficiency of intergovernmental allocations. Consequently, the right of citizens to basic municipal services is compromised and the macroeconomic structure is weakened. Furthermore the institutional arrangements for local government autonomy is undermined because municipalities cannot ensure stability, predictability, flexibility and economic efficiency of infrastructure budgets. As municipalities receive part of their finance from national government through infrastructure grants, I used data from five local municipalities to examine the extent to which there is equitability and efficiency in the way this finance is allocated. To this end I constructed and applied a composite disparity index for each municipality to my adapted municipal infrastructure grant model to analyze and observe the impact of economic disparities in grant allocations. The findings show that a grant model that accounts for economic disparities satisfies the constitutional, economic and institutional considerations that should inform municipal grant allocation decisions. I conclude the thesis by highlighting the limitations and possibilities of using a municipal infrastructure grant model that accounts for economic disparities and, I propose some recommendations for applying such a model in South Africa.</p>

<p> <p>&nbsp / </p> </p> <p align="left">In this thesis I argue that by taking account of economic disparities and backlogs in intergovernmental infrastructure grants to municipalities in South Africa, government will effectively meet its constitutional obligation to equitably allocate infrastructure grants to local government according to the principles of parity, proportionality and priority (Young, 1994). Municipalities will thus be able to provide basic services to households in keeping with the Bill of Rights of the Constitution of South Africa (1996). Adapting the Petchey et al (2004) provincial capital expenditure grant model to the provision of municipal services using secondary data and information from local municipalities in the Cape Winelands District, I evaluate whether government&rsquo / s existing municipal grants are allocated equitably and, whether they account for disparities that differentiate municipalities from each other. The findings from my analysis show that the current approach to financing municipal infrastructure does not sufficiently account for disparities and thus, undermines the requirement for equitability, adequacy and efficiency of intergovernmental allocations. Consequently, the right of citizens to basic municipal services is compromised and the macroeconomic structure is weakened. Furthermore the institutional arrangements for local government autonomy is undermined because municipalities cannot ensure stability, predictability, flexibility and economic efficiency of infrastructure budgets. As municipalities receive part of their finance from national government through infrastructure grants, I used data from five local municipalities to examine the extent to which there is equitability and efficiency in the way this finance is allocated. To this end I constructed and applied a composite disparity index for each municipality to my adapted municipal infrastructure grant model to analyze and observe the impact of economic disparities in grant allocations. The findings show that a grant model that accounts for economic disparities satisfies the constitutional, economic and institutional considerations that should inform municipal grant allocation decisions. I conclude the thesis by highlighting the limitations and possibilities of using a municipal infrastructure grant model that accounts for economic disparities and, I propose some recommendations for applying such a model in South Africa.</p>

Zugleich: Diss. Regensburg, 2008. / Literaturverz.