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

Estudo do efeito da adição da escória de aciaria no processamento e propriedades finais de telhas cerâmicas

This research presents an overview of the addition steelwork dust of ceramic shingles in order to contribute to the utilization use of such residue. The ceramic industry perspective in the Brazilian State of Piauí is quite promising. Unlike other productive sectors, the ceramic industry uses basically natural raw materials. Its final products are, in short, the result of transforming clay compounds. These raw materials are composed primarily of aluminum oxide, silicon, iron, sodium, magnesium, end calcium, among others. It was verified that steelwork dust is composed primarily of these same oxides, so that its incorporation in to structural ceramics is a very reasonable idea. Both clay and steelwork powder were characterized by AG, XRF, XRD, TGA and DTA. In addition, steelwork dust samples containing (0%, 5%, 10%, 15%, 20% and 25%) were extruded and burned at 800°C, 850°C, 900°C and 950°C. Then t echnological tests of linear shrinkage, water uptake, apparent porosity, apparent density and flexural strengthwere carried at. The results showed the possibility of using steelwork powder in ceramic shingles until 15% significant improvement in physical and mechanical properties. This behavior shows the possibility of burning at temperatures lower than 850ºC, thus promoting a product final cost reduction

Respuesta pulpar a materiales de restauración tipo resina

Las resinas compuestas y adhesivos dentales se utilizan ampliamente para la restauración de dientes con pulpas vitales. La preferencia en el uso de estas resinas compuestas podría estar atribuida a que son materiales con buenos resultados estéticos y se consideran materiales de restauración estables. Sin embargo se ha demostrado que son susceptibles a la degradación y liberación de la fracción de sus componentes y que cierta cantidad de los monómeros de su composición permanecen sin polimerizar por un largo periodo de tiempo, pudiendo estos filtrarse hacia el tejido pulpar y causar alteraciones de la actividad fisiológica de las células de la pulpa (DPCs) (1). Además, estudios in vitro han demostrado que los componentes de las resinas compuestas tienen potenciales tóxicos, generando respuestas inmediatas y a largo plazo luego de su aplicación. Identificar el potencial tóxico y deletéreo de los materiales de restauración sobre el tejido pulpar es de gran interés y relevancia clínica, por ello este estudio comprende en una revisión de la literatura acerca de la respuesta pulpar a los materiales de restauración tipo resina.

O efeito das substituições no comportamento tático e no rendimento físico dos jogadores profissionais de futebol de alto rendimento

O objetivo deste estudo foi analisar o impacto das substituições no comportamento tático e no rendimento físico de jogadores profissionais de futebol da primeira liga inglesa. Foram analisadas 40 substituições diretas de jogadores das posições de médios centro, extremos e avançados, ocorridas durante a segunda parte dos jogos. Para captar o comportamento tático individual dos jogadores foram utilizadas duas variáveis compostas: a variação da distância de cada jogador ao seu locus de referência espacial e a distribuição espacial dos deslocamentos de cada jogador (heat map). A partir destas variáveis foram calculadas a média, desvio padrão e coeficiente de variação, assim como duas medidas de entropia - que permitem mensurar a regularidade e a variabilidade/imprevisibilidade do comportamento tático individual de cada jogador. Para captar o rendimento físico dos jogadores foi utilizada a distância total percorrida e a distância percorrida em cinco categorias de intensidade. Os médios centro e os avançados substituídos apresentaram uma diminuição da imprevisibilidade no período inicial do jogo comparativamente com o período anterior à substituição. Foi também evidente a tendência para ocorrer uma diminuição do rendimento físico nos jogadores substituídos entre o período inicial de jogo e o período imediatamente anterior à substituição. Da mesma forma, para os médios e os extremos, os jogadores quando entraram na qualidade de substitutos apresentam também um maior rendimento físico que os jogadores substituídos. O jogador da posição do substituto/substituído, que permaneceu em campo apresentou também menor rendimento físico que os substitutos. Estes resultados sugerem que as motivações táticas justificam as substituições de médios centro e avançados e as motivações físicas justificam as substituições de médios centro e extremos.

Nanofiltração na produção de vinhos: redução de acidez volátil e de compostos fenólicos indesejados

Dissertação de Mestrado, Engenharia Biológica, Faculdade de Ciências e Tecnologias, Universidade do Algarve, 2014

Caminhos que estruturam cidades: redes técnicas de transporte sobre trilhos e a conformação intra-urbana de Natal

The railroad, from 1870 and on, becomes an usual complaining in the press s and politician elite s speeches, especially because of Natal s geographic isolation. The implantation of two railroads in the capital territory Estrada de Ferro de Natal a Nova Cruz, afterwards part of Great Western Railway Company network, and Estrada de Ferro Central do Rio Grande do Norte had serious implications in the urban environment. While railroad s structures were already consolidated, other transportation mechanisms were being implanted in the first decades of the 20th century, such as trams lines, which, by the way, was a transport modal that also used rails as a dislocation meaning. Considering these questions, we may ask: how come railroads and tramways demands, roads and buildings had influenced the internal organization of Natal? We work with the general hypothesis that the influence of technical networks, composed by tramways and railroads, over Natal s urban space happened in a diversified way, sometimes consolidating social aspects in certain areas, sometimes improving the occupation of others. The impact over the city s territory also happens in a diversified way between the buildings/railroad s complexes and the pathways. The different scale of the train in comparison to the trams velocity, size, noise level, flow, among others is also a cause to the different consequences in urban environment. The main objective of this work is to understand the role of circulation technical networks in the construction process of urban space in Natal, as a way to contribute to the urban historiography about the subject. The time frame adopted, between 1881 and 1937, marks the time path of railroads and tramways in Rio Grande do Norte: 1881 is the year of railroad s first section inauguration from Natal to São José do Mipibu as well of the railroad complex in the Republic Square in Natal; the year of 1937 marks the beginning of tramways declination process in the city. At this time railroads and tramways had to face more intensively the competition of motor vehicles. The theory reference adopted is based on concepts and analysis of authors, such as Flávio Villaça and Roberto Lobato Corrêa references to the concepts of urban structure , localization and accessibility and Gabriel Dupuy to explain the concept of urban technical networks . These references reveal the conflict of different realities in the urban universe interests and values which is an important factor about the construction of urban space. The information sources used were from two distinctive natures: primary, journals of the time studied and official government reports, and secondary, based on other works about the subject. It was also used by this study iconographic source, especially images from the data base of the research group História da Cidade, do Território e do Urbanismo .

Using induced pluripotent stem cells to investigate the mechanistic link between Gaucher disease and Parkinson related synucleinopathies

Dissertação de Mestrado, Ciências Biomédicas, Departamento de Ciências Biomédicas e Medicina, Universidade do Algarve, 2015

Dispersal, sex ad clonality in the marine environment: population genetic structure of the seagrass Cymodocea nodosa on Mediterranean and Atlantic coasts

Dissertação de dout. em Ecologia, Faculdade de Ciências do Mar e do Ambiente, Univ. do Algarve, 2005

Biological and chemical strategies for the recovery of precious and rare metals as nanoparticles

Tese de Doutoramento, Ciências do Mar da Terra e do Ambiente, Ramo: Ciências e Tecnologias do Ambiente, Especialidade em Biotecnologia, Faculdade de Ciências e Tecnologia, Universidade do Algarve, 2016

Aditivação de pastas geopoliméricas com tetraborato de sódio e látex não iônico para cimentação de Poços de Petróleo

The development of activities in the oil and gas sector has been promoting the search for materials more adequate to oilwell cementing operation. In the state of Rio Grande do Norte, the cement sheath integrity tend to fail during steam injection operation which is necessary to increase oil recovery in reservoir with heavy oil. Geopolymer is a material that can be used as alternative cement. It has been used in manufacturing of fireproof compounds, construction of structures and for controlling of toxic or radioactive waste. Latex is widely used in Portland cement slurries and its characteristic is the increase of compressive strength of cement slurries. Sodium Tetraborate is used in dental cement as a retarder. The addition of this additive aim to improve the geopolymeric slurries properties for oilwell cementing operation. The slurries studied are constituted of metakaolinite, potassium silicate, potassium hydroxide, non-ionic latex and sodium tetraborate. The properties evaluated were: viscosity, compressive strength, thickening time, density, fluid loss control, at ambient temperature (27 ºC) and at cement specification temperature. The tests were carried out in accordance to the practical recommendations of the norm API RP 10B. The slurries with sodium tetraborate did not change either their rheological properties or their mechanical properties or their density in relation the slurry with no additive. The increase of the concentration of sodium tetraborate increased the water loss at both temperatures studied. The best result obtained with the addition of sodium tetraborate was thickening time, which was tripled. The addition of latex in the slurries studied diminished their rheological properties and their density, however, at ambient temperature, it increased their compressive strength and it functioned as an accelerator. The increase of latex concentration increased the presence of water and then diminished the density of the slurries and increased the water loss. From the results obtained, it was concluded that sodium tetraborate and non-ionic latex are promising additives for geopolymer slurries to be used in oilwell cementing operation