Tangibilidade, classe de ativos e estrutura de capital das empresas listadas na BM&FBOVESPA

This study aims to investigate the influence of the asset class and the breakdown of tangibility as determinant factors of the capital structure of companies listed on the BM & FBOVESPA in the period of 2008-2012. Two current assets classes were composed and once they were grouped by liquidity, they were also analyzed by the financial institutions for credit granting: current resources (Cash, Bank and Financial Applications) and operations with duplicates (Stocks and Receivables). The breakdown of the tangible assets was made based on its main components provided as warrantees for loans like Machinery & Equipment and Land & Buildings. For an analysis extension, three metrics for leverage (accounting, financial and market) were applied and the sample was divided into economic sectors, adopted by BM&FBOVESPA. The data model in dynamic panel estimated by a systemic GMM of two levels was used in this study due its strength to problems of endogenous relationship as well as the omitted variables bias. The found results suggest that current resources are determinants of the capital structure possibly because they re characterized as proxies for financial solvency, being its relationship with debt positive. The sectorial analysis confirmed the results for current resources. The tangibility of assets has inverse proportional relationship with the leverage. As it is disintegrated in its main components, the significant and negative influence of machinery & equipment was more marked in the Industrial Goods sector. This result shows that, on average, the most specific assets from operating activities of a company compete for a less use of third party resources. As complementary results, it was observed that the leverage has persistence, which is linked with the static trade-off theory. Specifically for financial leverage, it was observed that the persistence is relevant when it is controlled for the lagged current assets classes variables. The proxy variable for growth opportunities, measured by the Market -to -Book, has the sign of its contradictory coefficient. The company size has a positive relationship with debt, in favor of static trade-off theory. Profitability is the most consistent variable in all the performed estimations, showing strong negative and significant relationship with leverage, as the pecking order theory predicts

Síntese de pigmentos cerâmicos inorgânicos nanométricos e encapsulados com estrutura core-shell pela rota dos precursores poliméricos

The present work has as objective the development of ceramic pigments based in iron oxides and cobalt through the polymeric precursor method, as well as study their characteristics and properties using methods of physical, chemical, morphological and optical characterizations.In this work was used iron nitrate, and cobalt citrate as precursor and nanometer silica as a matrix. The synthesis was based on dissolving the citric acid as complexing agent, addition of metal oxides, such as chromophores ions and polymerization with ethylene glycol. The powder obtained has undergone pre-ignition, breakdown and thermal treatments at different calcination temperatures (700 °C, 800 °C, 900 °C, 1000 °C and 1100 °C). Thermogravimetric analyzes were performed (BT) and Differential Thermal Analysis (DTA), in order to evaluate the term decomposition of samples, beyond characterization by techniques such as BET, which classified as microporous materials samples calcined at 700 ° C, 800 º C and 900 º C and non-porous when annealed at 1000 ° C and 1100 º C, X-ray diffraction (XRD), which identified the formation of two crystalline phases, the Cobalt Ferrite (CoFe2O4) and Cristobalite (SiO2), Scanning Electron Microscopy (SEM) revealed the formation of agglomerates of particles slightly rounded;and Analysis of Colorimetry, temperature of 700 °C, 800 °C and 900 °C showed a brown color and 1000 °C and 1100 °C violet

Estudo da molhabilidade de ligas de adição à base de prata sobre insertos cerâmicos para aplicação em brocas perfuração de poços de petróleo

Metal-ceramic interfaces are present in tricone drill bits with hard ceramic inserts for oil well drilling operations. The combination of actions of cutting, crushing and breaking up of rocks results in the degradation of tricone drill bits by wear, total or partial rupture of the drill bit body or the ceramic inserts, thermal shock and corrosion. Also the improper pressfitting of the ceramic inserts on the bit body may cause its total detachment, and promote serious damages to the drill bit. The improvement on the production process of metal-ceramic interfaces can eliminate or minimize some of above-mentioned failures presented in tricone drill bits, optimizing their lifetime and so reducing drilling metric cost. Brazing is a widely established technique to join metal-ceramic materials, and may be an excellent alternative to the common mechanical press fitting process of hard ceramic inserts on the steel bit body for tricone drill bit. Wetting phenomena plays an essential role in the production of metal/ceramic interfaces when a liquid phase is present in the process. In this work, 72Silver-28Copper eutectic based brazing alloys were melted onto zirconia, silicon nitride and tungsten carbide/Co substrates under high vacuum. Contact angle evolution was measured and graphically plotted, and the interfaces produced were analysed by SEM-EDX. The AgCu eutectic alloy did not wet any ceramic substrates, showing high contact angles, and so without chemical interaction between the materials. Better results were found for the systemns containing 3%wt of titanium in the AgCu alloy. The presence os titanium as a solute in the alloy produces wettable cand termodinamically stable compounds, increasing the ceramics wetting beahviour

Estimativa da erodibilidade do solo para fins conservacionistas na microbacia córrego do Tijuco, SP

The soil erodibility factor is represented by the integrated effect of processes that regulate the water infiltration, soil resistance and the transport of soil particles. Therefore, this study had as objective to estimate the soil erodibility in the Corrego do Tijuco watershed, São Paulo State, Brazil, for guiding farmers in decision making for application of techniques for soil conservation. The soil samples were collected in a regular spacing of 500 m, resulting in a total of 310 points in a 0-20.0 m depth in an area of approximately 8,000 ha. For the estimation of soil erodibility (K) was applied a mathematical model which takes into account the soil organic matter content, the sand and silt size fractions, the soil permeability, and the particle mean diameter for each point of soil sampling. Estimated values greater than 0.040 Mg ha h ha(-1) MJ(-1) mm(-1) were considered very high for this factor. In areas with greater degree of erodibility occurs the Argisols order predominance, that shows high susceptibility to the development of interrill erosion due to its remarkable performance in relation to textural gradient, thereby, the interrill erosion rates can be very intensive due to rapid saturation of upper horizon, increasing the erosion process. At the Latosols (Oxisols) areas were also observed high soil erodibility values that under inappropriate conditions of soil occupation, concentrating runoff of rain water, leading to appear deep gullies.

Soil, water and nutrient losses by interrill erosion from green cane cultivation

Fundação de Amparo à Pesquisa do Estado de São Paulo (FAPESP)

Perdas de solo, matéria orgânica e nutrientes por erosão hídrica em uma vertente coberta com diferentes quantidades de palha de cana-de-açúcar em Guariba - SP

A erosão em entressulcos resulta da desagregação causada pelo impacto das gotas de chuva na superfície do solo e pelo transporte superficial das partículas do solo desagregadas, onde se encontram a matéria orgânica e os nutrientes fundamentais para a produção agrícola. O presente trabalho teve como objetivo avaliar as perdas de solo, matéria orgânica e nutrientes em uma vertente localizada em uma área de Latossolo Vermelho-Amarelo distrófico, cultivada com cana-de-açúcar, que é colhida mecanicamente. As parcelas experimentais foram submetidas à ação de uma chuva simulada com intensidade de 60 mm h-1, durante 65 minutos. Foram feitas análises do sedimento erodido para a determinação do volume de solução, das perdas de solo, matéria orgânica e nutrientes. Houve maiores perdas de solo, matéria orgânica e nutrientes nos sedimentos oriundos das parcelas com 0% e 25% de cobertura por palha de cana-de-açúcar. em média, essas perdas foram reduzidas nas parcelas com 75% e 100% de cobertura com palha de cana-de-açúcar. Os resultados permitiram concluir que uma cobertura com palha de cana-de-açúcar acima de 50%, da área colhida, reduz a perda de solo e de matéria orgânica, bem como diminui a concentração de nutrientes no sedimento erodido.

Análise multivariada e variabilidade espacial na estimativa da erodibilidade de um argissolo vermelho-amarelo

A erodibilidade é um fator de extrema importância na caracterização da perda de solo, representando os processos que regulam a infiltração de água e sua resistência à desagregação e o transporte de partículas. Assim, por meio da análise de dependência espacial dos componentes principais da erodibilidade (fator K), objetivou-se estimar a erodibilidade do solo em uma área de nascentes da microbacia do Córrego do Tijuco, Monte Alto-SP, e analisar a variabilidade espacial das variáveis granulométricas do solo ao longo do relevo. A erodibilidade média da área foi considerada alta, e a análise de agrupamento k-means apontou para uma formação de cinco grupos: no primeiro, os altos teores de areia grossa (AG) e média (AM) condicionaram sua distribuição nas áreas planas; o segundo, caracterizado pelo alto teor de areia fina (AF), distribui-se nos declives mais convexos; o terceiro, com altos teores de silte e areia muito fina (AMF), concentrou-se nos maiores declives e concavidades; o quarto, com maior teor de argila, seguiu as zonas de escoamento de água; e o quinto, com alto teor de matéria orgânica (MO) e areia grossa (AG), distribui-se nas proximidades da zona urbana. A análise de componentes principais (ACP) mostrou quatro componentes com 87,4 % das informações, sendo o primeiro componente principal (CP1) discriminado pelo transporte seletivo de partículas principalmente em zonas pontuais de maior declividade e acúmulo de sedimentos; o segundo (CP2), discriminado pela baixa coesão entre as partículas, mostra acúmulo da areia fina nas áreas de menor cota em toda a área de concentração de água; o terceiro (CP3), discriminado pela maior agregação do solo, concentra-se principalmente nas bases de grandes declives; e o quarto (CP4), discriminado pela areia muito fina, distribui-se ao longo das declividades nas maiores altitudes. Os resultados sugerem o comportamento granulométrico do solo, que se mostra suscetível ao processo erosivo devido às condições texturais superficiais e à movimentação do relevo.

Síntese de pigmentos cerâmicos inorgânicos nanométricos pela rota dos precursores poliméricos

Considering the constant evolution of technology in growth and the need for production techniques in the ceramics area to move forward together, we sought in this study, the research and development of polymeric precursor method to obtain inorganic ceramic pigments. Method that provides quality to obtain the precursor powders of oxides and pigments at the same time, offers time and cost advantages, such as reproducibility, purity and low temperature heat treatment, control of stoichiometry. This work used chromium nitrate and iron nitrate as precursors. The synthesis is based on the dissolution of citric acid as a complexing agent, addition of metal oxides, such as ion chromophores; polymerization with ethylene glycol and doping with titanium oxide. Passing through precalcination, breakdown, thermal treatments at different temperatures of calcination (700 to 1100 oC), resulting in pigments: green for chromium oxide deposited on TiO2 (CrTiO3) and orange for iron oxide deposited on TiO2 ( FeTiO3). Noticing an increase of opacity with increasing temperature. Were performed thermal analysis (TG and ATD) in order to evaluate its thermodecomposition. The powders were also characterized by techniques such as XRD, revealing the formation of crystalline phases such as iron titanate (FeTiO3) and chrome titanate (CrTiO3), SEM, demonstrating formation of rounded particles for both oxides and Spectroscopy in the UV-Visible Region, verifying the potential variation and chromaticity os pigments. Thus, the synthesized oxides were within the requirements to be applied as pigments and shown to be possible to propose its use in ceramic materials

Psicoesfera: uso corporativo da esfera técnica do território e o novo espírito do capitalismo

Durante algum tempo acreditou-se que as grandes transformações no meio técnico-científico informacional levariam, necessariamente, à renovação das sociabilidades. Mas, o que dizer quando nenhum acontecimento, nenhum evento é capaz de romper a estabilidade dos padrões éticos normativos dos sistemas de ações hegemônicos de nossas sociedades capitalistas? Este artigo visa compreender tal fenômeno, retomando de maneira sistemática a idéia de psicoesfera e tecnoesfera. Para tanto, procura analisar a indissociabilidade dos sistemas técnicos e dos sistemas de ações; indissociabilidade fundada numa racionalidade técnico-científica capaz de constituir valores e critérios normativos de justificação e estabilização nas sociedades capitalistas, mesmo em um meio geográfico em que é aparente a desagregação e decomposição das sociabilidades, precedida pelo aprofundamento das desigualdades territoriais.

Desigualdades raciais e políticas de inclusão racial: um sumário da experiência brasileira recente

Incluye Bibliografía

Estudo por dinâmica molecular da estabilidade conformacional de dímeros do peptídeo Eumenine mastoparan-AF em água e mistura TFE-água

Coordenação de Aperfeiçoamento de Pessoal de Nível Superior (CAPES)

Perfil do crédito à pessoa jurídica no Brasil entre 1994 e 2007

Coordenação de Aperfeiçoamento de Pessoal de Nível Superior (CAPES)

Avaliação do comportamento de pilares de concreto de alta resistência: simulação numérica utilizando o código de cálculo CASTEM-2000

Coordenação de Aperfeiçoamento de Pessoal de Nível Superior (CAPES)

Efeito da irradiação ultrasônica em microalgas Selenastrum capricornutum e Chlorella sorokiniana

Pós-graduação em Ciências Biológicas (Microbiologia Aplicada) - IBRC

A autoridade acima de tudo !: o pensamento geográfico de Jackson de Figueiredo

Pós-graduação em Geografia - IGCE