Página 1 dos resultados de 2663 itens digitais encontrados em 0.008 segundos

Desenvolvimento do vale do Tietê-Paraná: um enfoque de estoques de capitais.; Development for the Tietê-Paraná valley: focus on stocks of capital.

Bernardes, Elaine Mendonça
Fonte: Biblioteca Digitais de Teses e Dissertações da USP Publicador: Biblioteca Digitais de Teses e Dissertações da USP
Tipo: Tese de Doutorado Formato: application/pdf
Publicado em 09/09/2002 PT
Relevância na Pesquisa
36.47%
O propósito geral deste estudo foi identificar quais fatores estariam limitando o do Vale do Tietê-Paraná. Os planos e projetos enfatizam o estoque de capital físico. Como a ênfase nesse estoque esgotou-se na literatura, as atenções voltaram-se para outras formas de capital. Diante disso, os objetivos específicos foram: (1) avaliar as alternativas propostas para os municípios do Vale do Tietê-Paraná expressas nos projetos e planos para a região; (2) analisar a importância dos estoques de capitais para o desenvolvimento dos municípios paulistas lindeiros aos rios Tietê-Paraná, e (3) verificar possíveis diferenças, entre os fatores determinantes do desenvolvimento, existente entre esses municípios e os outros municípios do Estado. Detectou-se, através do Método da Estrutura Lógica, inconsistência nos planos e projetos existentes para o Vale. Quanto aos estoques de capitais, este estudo utilizou a metodologia dos Componentes Principais para reduzir o número de variáveis levantadas inicialmente para representar os cinco estoques de capitais: natural, físico, financeiro, humano e social. A análise incluiu 625 municípios e criou-se uma variável dummy para diferenciar os lindeiros. Nove fatores são os representativos dos estoques de capitais e foram denominados: capital humano 1 (educação); capital físico; capital social 1 (associativismo); capital humano 2 (saúde); capital financeiro 1 (arrecadação); capital social 2 (desconfiança); capital natural 1 (terra); capital financeiro 2; capital natural 2 (depreciação).A percentagem da variância total explicada por cada um dos estoques foi: 19...

Análise da gestão de riscos aplicada na aquisição de bens e serviços para os projetos de bens de capital.; Procurement and contract risk management for capital projects.

Almeida, Kezer Marcus Morais de
Fonte: Biblioteca Digitais de Teses e Dissertações da USP Publicador: Biblioteca Digitais de Teses e Dissertações da USP
Tipo: Dissertação de Mestrado Formato: application/pdf
Publicado em 16/09/2008 PT
Relevância na Pesquisa
56.37%
Dentre as melhores práticas de gerenciamento de projetos, que envolvem áreas de conhecimento como escopo, prazo, custos, qualidade, comunicação, recursos humanos, aquisições, segurança, meio ambiente e a integração destas disciplinas e seus processos, a gestão de riscos é uma das áreas de relevância e que tem sido estudada, detalhada e aplicada nas organizações. Porém o tema da gestão de riscos com o foco nas aquisições de bens e serviços em projetos de bens de capital embora contribua para o atendimento dos objetivos dos projetos não é comumente encontrado na literatura técnica em gerenciamento de projetos. Este trabalho analisa especificamente a gestão dos riscos operacionais do processo de aquisição de bens e serviços para a implantação de projetos de bens de capital, compreendidos desde o processo de planejamento da aquisição até o encerramento do contrato. Através de uma revisão conceitual e da aplicação de estudos de casos em três empresas de relevância no cenário de negócios e de projetos no nível nacional e internacional foi possível validar a importância do tema no contexto de projetos de bens de capital, bem como compreender como as empresas pesquisadas estão estruturadas para o gerenciamento de riscos...

Projetos de capital em indústrias de processos : um modelo estruturado para gerenciamento de portfólios, programas e projetos; Capital projects in processes industries : a structured model for management of portfólios, programs and projects

Darci Santos do Prado
Fonte: Biblioteca Digital da Unicamp Publicador: Biblioteca Digital da Unicamp
Tipo: Tese de Doutorado Formato: application/pdf
Publicado em 20/05/2011 PT
Relevância na Pesquisa
56.29%
O Brasil tem experimentado um significativo crescimento econômico nos últimos anos e uma das consequências deste fato tem sido o aumento da capacidade produtiva e distributiva de organizações voltadas para a produção de bens. Este aumento pode ocorrer tanto pela expansão das fábrícas existentes como pela construção de novas unidades. O objetivo do presente trabalho consiste na consolidação de um modelo e estudo de caso, dirigido a organizações de iniciativa privada do segmento indústria de processos, para a implementação de um amplo sistema de gestão envolvendo todo o ciclo de investimentos. O modelo é particularmente útil a organizações de grande porte que estejam vivendo um momento de forte crescimento de negócios com repercussões diretas em sua base de produção. O modelo desenvolvido abrange as etapas posteriores à Formulação Estratégica, ou seja, Gerenciamento de Portfólio, Gerenciamento de Programas e Gerenciamento de Projetos e procurou-se baseá-lo em recomendações e ferramentas de instituições internacionalmente consagradas (tais como PMI, IPMA, CII, USGBC e OGC), adaptadas ao cenário de investimentos. A metodologia empregada nesta tese consistiu em um acoplamento das melhores práticas do mercado (obtidas na pesquisa bibliográfica) com a experiência do aluno...

Which criteria matter most in the evaluation of venture capital investments?

Nunes, José Carlos; Félix, Elisabete Gomes Santana; Pires, Cesaltina Pacheco
Fonte: Journal of Small Business and Enterprise Development Publicador: Journal of Small Business and Enterprise Development
Tipo: Artigo de Revista Científica
ENG
Relevância na Pesquisa
46.24%
Structured Abstract Purpose - This study identifies the importance assigned to the various criteria used by the Portuguese Venture Capitalists (VCs) to evaluate and select early stage venture capital projects. Design/methodology/approach - The data was collected through a questionnaire answered by 20 Portuguese VCs. We use descriptive statistics techniques and non-parametric tests to identify the most valued criteria and test differences in the importance assigned to the criteria of several types of VCs and investments. Findings - The study reveals that personality and experience of the entrepreneur and of the management team are the most valued groups of criteria. VCs with a majority of private share capital value more the personality of the entrepreneur and management team than the companies with a majority of public share capital. Additionally, the VCs that did not yet internationalize consider the personality of the entrepreneur and management team and the financial aspects, to be more important than the VCs that have already expanded abroad. Originality/value – It provides evidence on the VCs behaviour in a small venture capital market. Since most of the existing literature on this area refer to large VC markets, the present study is important to investigate whether the conclusions reached by the previous studies can be extended to a small VC market. Also...

Assessing Decision Tools for Secondary Risks of Capital Projects Weighing EIA Versus More Complex Approaches

Caspary, G.
Fonte: Banco Mundial Publicador: Banco Mundial
Tipo: Artigo de Revista Científica
EN
Relevância na Pesquisa
46.24%
Purpose - The purpose of this paper is to discuss the relative uses of decision tools for secondary risks of capital projects. Design/methodology/approach - The approach is a comparison of traditional limited approaches (notably EIA) versus emerging more complex approaches at assessing secondary risks. Findings - In many context, notably in the case of large capital projects, the new and more complex tools are necessary. However, they also apply higher costs and should therefore be applied selectively. Research limitations/implications - One research limitation is that experience with some of the tools being discussed, notably MCDA, is still somewhat limited. Practical implications - The key practical implication is greater use of the most appropriate decision tool for secondary risks in each new individual large capital project. Originality/value - Comparison of risk assessment tools has so far largely focused on risk assessment for primary risks. The present article extends this to an assessment of the relative merits of secondary risks.

How Capital Projects are Allocated in Papua New Guinean Villages : The Influence of Local Collective Action, Local-level Institutions, and Electoral Politics

Hasnain, Zahid; Keefer, Philip; Menzies, Nicholas
Fonte: World Bank, Washington, DC Publicador: World Bank, Washington, DC
EN_US
Relevância na Pesquisa
56.27%
Papua New Guinea (PNG) has implemented numerous institutional changes over the past fifteen years with the avowed aim of bringing government closer to the people, improving accountability and, by extension, local infrastructure development and service delivery. To date however, there has been little empirical evidence to establish whether these changes have impacted the provision of local infrastructure. Similarly, there is little empirical evidence revealing the main political economy factors that influence the way that resources are actually planned, spent, and impact communities at the sub-national level. This report investigates the determinants of local infrastructure projects at the ward level, the lowest level of government in PNG, to assess the impact of these institutional changes and to identify the importance of other factors, in particular local collective action. It does this through a survey covering more than 1000 households across 49 yards in nine PNG districts. It also presents descriptive statistics on the basic characteristics of the households that were surveyed...

Kosovo : Economic Memorandum

World Bank
Fonte: Washington, DC Publicador: Washington, DC
EN_US
Relevância na Pesquisa
46.2%
Prospects for economic growth depend upon the success of two overarching factors (1) mitigating risks related to political uncertainty and the maintenance of peace and security in the region; and (2) implementation of a policy program that promotes private sector- led growth, including completion of the reconstruction effort. Such a package of reforms might include the following measures: Within a sound fiscal position proceed with prioritized capital projects to complete the rehabilitation of infrastructure, but resist unsustainable spending on recurrent expenses such as the public sector wage bill. Pursue improved trade relations within the region. Maintain a uniform tariff rate and reduce the rate across the board. Consider a compensating revenue effort to raise taxes from the value-added tax, including through improved administration. Proceed with privatization of socially-owned enterprises and restructuring of publicly owned enterprises, including privatization of land-use rights of public enterprises (SOEs) slated for liquidation. Strengthen the capacity of the municipal courts to implement and enforce creditors rights and contracts. Rehabilitate the power sector...

Investor Protection, Ownership, and the Cost of Capital

Himmelberg, Charles P.; Hubbard, R. Glenn; Love, Inessa
Fonte: World Bank, Washington, D.C. Publicador: World Bank, Washington, D.C.
EN_US
Relevância na Pesquisa
46.11%
The authors combine the agency theory of the firm with risk diversification incentives for insiders. Principal-agent problems between insiders and outsiders force insiders to retain a larger share in their firm than they would under a perfect risk diversification strategy. The authors predict that this higher share of insider ownership and the resulting exposure of insiders to higher idiosyncratic risk will result in underinvestment and higher cost of capital. Using firm-level data from 38 countries, the authors provide evidence in support of their theoretical model, showing that the premium for bearing idiosyncratic risk varies between zero and six percent and decreases in the level of outside investor protection. The results of the study imply that policies aimed at strengthening investor protection laws and their enforcement will improve capital allocation and result in higher growth.

The compatability of capital controls and financial development: a selective survey and empirical evidence

Chinn, Menzie D
Fonte: Universidade Nacional da Austrália Publicador: Universidade Nacional da Austrália
Tipo: Working/Technical Paper Formato: 1081121 bytes; 352 bytes; application/pdf; application/octet-stream
EN_AU
Relevância na Pesquisa
46.1%
This paper examines the relationship between capital controls and financial development, with an emphasis on the empirical aspects of the linkage. Financial development is interpreted broadly as increasing the efficiency of allocating financial resources and monitoring capital projects. In empirical terms, this translates into an increasing volume of bank intermediation and an increasing role for equity capital. Hence, this paper investigates a substantially broader set of proxy measures of financial development than has heretofore been analysed. Moreover, in addition to the IMF’s measures of exchange restrictions, the Quinn (1997) index of financial openness is used as a measure of capital controls. The econometric results suggest that the rate of financial development, as measured by private credit creation and stock market activity, is linked to the existence of capital controls. However, the strength of this relationship varies with the empirical measure used and the level of economic development. Equity market activity appears to be linked to capital controls in both the full sample and in a restricted sample of developing countries. The possibilities for work at a more disaggregate level on banking and equity markets are also discussed. The results pertaining to equity market development are particularly important...

Prioritization of capital projects

LaVielle, Michael S.
Fonte: Monterey, California. Naval Postgraduate School Publicador: Monterey, California. Naval Postgraduate School
Tipo: Tese de Doutorado Formato: xiv, 55 p. : col. ill.
Relevância na Pesquisa
66.44%
Approved for public release, distribution is unlimited; 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 for public works commands to effectively prioritize and fund capital projects. This model allows each command to set its own criteria and weightings which are then used to score and rank capital projects. Using objective criteria, it seamlessly integrates new projects with existing projects into a command's Integrated Project List. The time formerly needed to manually rank each new project against all other projects is saved. Moreover, a command is able to keep a complete and comprehensive list of all unfunded capital projects. The subjectivity inherent in manual project priority decisions is removed. Ways to use existing computer systems in public works commands through Annual Inspection Summary reports are explored. The project decision process was studied through interviews conducted in commands at varying levels of the public works hierarchy. The linear model for project prioritization was developed in Excel. A spreadsheet sample of the linear model and detailed step-by-step instructions for its construction are available upon request from the author. Suggestions are made for further development of the project prioritization process.; Lieutenant...

Moldova Public Expenditure Review : Capital Expenditures - Making Public Investment Work for Competitiveness and Inclusive Growth in Moldova; Moldova - Analiza cheltuielilor publice : cheltuielile capitale - eficientizarea investitiilor publice in scopul sporirii competitivitatii si cresterii economice in Moldova

World Bank
Fonte: Washington, DC Publicador: Washington, DC
Tipo: Economic & Sector Work :: Public Expenditure Review; Economic & Sector Work
ENGLISH; EN_US
Relevância na Pesquisa
46.44%
This public expenditure review (PER) for Moldova is the result of a body of programmatic fiscal work. This PER focuses on capital expenditure. It supports the first pillar of the country partnership strategy (improving economic competitiveness) and complements the 2012 development policy operation. In the context of economic recovery and stabilization, government requested World Bank assistance in improving its capital allocation mechanism, as its fiscal consolidation program attempted to create space for critical infrastructure whilst gradually reducing the state's footprint in the economy. This report recommends ways to strengthen public investment processes, institutions, and sector policies to achieve better outcomes for public capital expenditures in Moldova. This report suggests reforms in public investment management and sector policies to raise cost-effectiveness and allocative efficiency of capital expenditures. Three key areas of reform are: (i) raise the quality of new projects by improving preliminary screening and project appraisal mechanisms; (ii) improve selection of new projects and ensure continuity of funding for ongoing projects through better prioritization and budgeting processes; and (iii) strengthen monitoring of project implementation for cost efficiency and timely delivery of public services. The report has four chapters. The first chapter presents the macroeconomic outlook and its implications for fiscal policy...

Organization of Eastern Caribbean States : Policy Note on Project Fiduciary Management

World Bank
Fonte: Washington, DC Publicador: Washington, DC
Tipo: Economic & Sector Work :: Policy Note; Economic & Sector Work
ENGLISH; EN_US
Relevância na Pesquisa
46.45%
The Organization of Eastern Caribbean States (OECS) face special development challenges, including limited institutional capacity, high per capita costs of basic social and infrastructure services, and vulnerability to natural disasters and other external shocks. This note identifies specific issues related to financial management and procurement. This note focused on the implications of differing donor practices for financing capital projects in a generally weak institutional and implementation environment for capital projects. The quality of implementation is also affected by a lack of adequate project management skills. The objective of this Policy Note is to increase the efficiency of capital investment project implementation in the OECS countries by (i) contributing to a more efficient use of limited institutional and human resource capacity, (ii) lowering transaction costs, and (iii) optimizing the use of public funds, while (iv) maintaining a robust control framework. The OECS economies are highly dependent on donor assistance for funding investment projects. This note identifies opportunities for sequential mainstreaming of fiduciary functions (financial management and procurement) and for a gradual approach to using mechanisms. The OECS countries' current efforts to rationalize institutional arrangements for capital projects by consolidating implementing entities or further mainstreaming implementation within existing structures in line ministries are consistent with the recommendations of the Country Program Quality Enhancement Review conducted by the World Bank in 2004.

Estimating the Economic Opportunity Cost of Capital for Public Investment Projects : An Empirical Analysis of the Mexican Case

Coppola, Andrea; Fernholz, Fernando; Glenday, Graham
Fonte: World Bank, Washington, DC Publicador: World Bank, Washington, DC
Tipo: Publications & Research :: Policy Research Working Paper; Publications & Research
ENGLISH; EN_US
Relevância na Pesquisa
36.48%
This paper offers an assessment of the methodologies employed to estimate the economic opportunity cost of capital for public sector projects, relying on the Mexican case for an applied empirical exercise. The traditional weighted cost of capital (top-down) approach used in the estimation of Mexico's economic opportunity cost of capital is reviewed and compared to the supply price (bottom-up) approach. With respect to previous studies using the top-down approach, this paper explores the contribution of domestic savings and expands the analysis to include a more detailed examination of the available macroeconomic, labor, financial, and tax information. The re-estimated top-down economic opportunity cost of capital for Mexico comes to 10.4 percent. To confirm these results and provide additional insights regarding the alternative bottom-up approach, the economic opportunity cost of capital is estimated using the supply price plus externalities method. For the case of Mexico, this paper recommends using a combination of estimation models (both the top-down and bottom-up approaches) to check the consistency of results and re-estimating the economic opportunity cost of capital every five years to accommodate for macroeconomic and fiscal changes. More broadly...

Incentive Compatible Reforms : The Political Economy of Public Investments in Mongolia

Hasnain, Zahid
Fonte: Banco Mundial Publicador: Banco Mundial
Tipo: Publications & Research :: Policy Research Working Paper
ENGLISH
Relevância na Pesquisa
36.48%
Why do politicians distort public investments? And given that public investments are poor because presumably that is what is politically rational, what types of reforms are likely to be both efficiency improving and compatible with the interests of politicians? This paper explores these two questions in the context of Mongolia. It argues that Mongolian members of parliament have an incentive to over-spend on smaller projects that bring benefits to specific geographical localities and to under-spend on large infrastructure that would bring economic benefits to Mongolia on the whole. The incentive for the former is that members of parliament internalize the political benefits from the provision of particular, targeted benefits to specific communities. The disincentive for the latter is that large infrastructure carries a political risk because the political faction in control of that particular ministry would have access to huge rents and become politically too powerful. The identity of these "winners" is uncertain ex ante...

Public-Private Partnerships in Europe and Central Asia : Designing Crisis-Resilient Strategies and Bankable Projects

Cuttaree, Vickram; Mandri-Perrott, Cledan
Fonte: World Bank Publicador: World Bank
Tipo: Publications & Research :: Publication; Publications & Research :: Publication
ENGLISH
Relevância na Pesquisa
46.5%
This study aims to help governments design sustainable Public-Private Partnership (PPP) strategies and projects in the context of the changed circumstances brought on by the global financial and economic crisis that began in the fall of 2008. The study analyses the impact and implication of the crisis on PPP infrastructure projects across the Europe and Central Asia (ECA) region. In the research undertaken for this study, it appears that most crisis-specific issues are cross-sectoral, therefore requiring cross-sectoral responses. The intended audience for this report includes national government stakeholders involved in infrastructure financing, including Ministries in charge of infrastructure, especially transport, energy, and water; state-owned enterprises with operational responsibilities, such as road directorates; and Ministries of Finance and development banks involved in PPP. This report reviewed the region's experience in PPPs in infrastructure before and during the financial crisis period (from late 2006 to 2010). Since not all ECA countries have had successful or ongoing PPP projects during this time...

Recurrent Expenditure Requirements of Capital Projects : Estimation for Budget Purposes

Hood, Ron; Husband, David; Yu, Fei
Fonte: World Bank, Washington, DC Publicador: World Bank, Washington, DC
Tipo: Publications & Research :: Policy Research Working Paper; Publications & Research
ENGLISH; EN_US
Relevância na Pesquisa
66.38%
This paper examines the issue of estimating recurrent costs associated with capital projects in the investment budget. It is intended to help overcome budget planning problems which give rise to the chronic under-funding of maintenance and operating costs typical in some developing economies. The objective is to provide guidance in the preparation of budget submissions so that information on the future recurrent cost implications of today's capital spending is quantified in a way that supports the authorities in making project selection and budget decisions. The paper is in three parts. The first part outlines some concepts and definitions involved in measuring recurrent costs. The second part provides stylized examples of individual projects. And the third part presents some rough empirical guidance drawn from a sample of actual investment projects.

Capital Expenditures : Making Public Investment Work for Competitiveness and Inclusive Growth in Moldova

Coulibaly, Karen Stephanie; Diagne, Mame Fatou
Fonte: World Bank, Washington, DC Publicador: World Bank, Washington, DC
Tipo: Publications & Research :: Brief; Publications & Research
ENGLISH; EN_US
Relevância na Pesquisa
46.26%
Moldova faces the challenge of meeting considerable public investment needs while preserving fiscal sustainability. With a rapidly aging population, high emigration, structural imbalances, and vulnerability to external shocks, Moldova will need to raise investment, productivity, and exports in order to achieve sustained growth and competitiveness. The World Bank's recently published Moldova public expenditure review (PER) focuses on capital expenditures and recommends reforms in public investment management and sector policies to raise cost effectiveness and allocative efficiency. Analyses for the PER were conducted using the BOOST public expenditure database developed by the World Bank. It provides recommendations for improving effectiveness and to enhance Moldova's competitiveness and achieve sustained inclusive economic growth.

Zambia Economic Brief, October 2013 : Zambia's Jobs Challenge--Realities on the Ground

World Bank
Fonte: Washington, DC Publicador: Washington, DC
Tipo: Economic & Sector Work :: Economic Updates and Modeling; Economic & Sector Work
ENGLISH; EN_US
Relevância na Pesquisa
46.29%
Zambia shares its robust economic growth and capital inflows in the past few years with other Sub-Saharan countries, growth supported by high commodity prices that while declining are still at historical high levels. High commodity prices have induced large foreign direct investment (FDI) flows, mainly in extractive industries but also in services sector, supporting growth. Zambia's mining sector has benefited from FDI, receiving almost 1 billion dollar in 2011 alone. A large gap has emerged between available resources and likely spending in 2013. The government is responding with a full range of adjustments, including cutting recurrent spending (such as on travel and motor vehicles), cutting capital projects, and stepping up revenue collection. The government has raised fuel prices and reduced maize and fertilizer subsidies, but the medium-term fiscal impact of these initiatives is uncertain. These reforms aimed to create space for expanding better targeted spending programs. Zambia's economy has seen far too many unexpected policy changes in recent years. Persistent and even escalating perceptions of an uncertain policy environment can weaken investment...

Implementation of the Kosovo government capital investment projects : an analysis of the project budgeting and the project implementation performance / [presentation given in May 2011]; Kosovo government capital investment projects

Thaci, Selim
Fonte: Rochester Instituto de Tecnologia Publicador: Rochester Instituto de Tecnologia
Tipo: Capstone Project
EN
Relevância na Pesquisa
46.39%
The aim of this project is to identify the shortfalls of the budgeting process, with a particular focus on allocation procedures and execution of the funds allocated for public capital projects. Based on the findings of the project, a set of recommendations has been produced. These recommendations have the potential to assist policymakers in optimizing allocation procedures for capital projects, and to support them in designing a more efficient fiscal framework.; Chapter 1. Kosovo capital projects implementation -- Chapter 2. Legal framework for capital expenditure implementation -- Chapter 3. Investigative outcomes from ministries -- Chapter 4. Problems identified on legal and procedural issues -- Chapter 5. Final discussions and policy recommendations.

Defining 'project governance' for large capital projects

Bekker,M.C.; Steyn,H.
Fonte: South African Journal of Industrial Engineering Publicador: South African Journal of Industrial Engineering
Tipo: Artigo de Revista Científica Formato: text/html
Publicado em 01/01/2009 EN
Relevância na Pesquisa
46.2%
Over the past decade corporate governance has received ample attention. Lately the principles of governance have been applied to other management disciplines, especially project management. The evolution of the concept of 'project governance' resulted in various interpretations and applications of the term, causing confusion among academics and practitioners in various industries. Especially for large capital projects, a formal definition of the term 'project governance', and agreement on the content of a project governance model, have largely been neglected. This paper reports on exploratory work to define the concept of governance for large capital projects. An international Delphi survey, involving credible practitioners and academics, was conducted to define the term 'project governance' better. The paper also introduces a framework for project governance.