The relationship between the degree of intangibility and the value added generation in brazilian open capital companies

Authors

  • Sady Mazzioni Universidade Comunitária da Região de Chapecó - UNOCHAPECÓ Author
  • Antonio Maria da Silva Carpes Universidade Federal da Fronteira Sul Author
  • Carlos Eduardo Facin Lavarda Universidade Regional de Blumenau (FURB) Author

DOI:

https://doi.org/10.4025/enfoque.v33i2.22298

Keywords:

Intangibility, Competitiveness, Value Added

Abstract

The aim of this paper is to analyze the relationship between the degree of intangibility and value-added generation in Brazilian companies listed on the BM&FBovespa in the period of 2009-2011. A descriptive, documentary and quantitative research was carried out, based on a sample composed of the top 100 companies ranked by equity which published the statement of value-added in the referred period and that sold shares in December of each year, allowing to calculate the market value. The Kruskal-Wallis test was used to determine if there are statistically meaningful differences between the means of value-added and degree of intangibility, considering the level of corporate governance and the economic sector. Data were analyzed by multivariate linear regression, through panel least squares method, using the statistical package EViwes®. The results indicate that the level of corporate governance works as a discriminating factor for the value-added generation, but not for the degree of intangibility. The degree of intangibility showed positive and statistically meaningful relationship at the level of 1% with the value-added, indicating that, in whole set of studied companies, those with higher intangibility generate large amounts of value-added.

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Author Biographies

  • Sady Mazzioni, Universidade Comunitária da Região de Chapecó - UNOCHAPECÓ

    Doutorando em Ciências Contábeis e Administração

    PPGCC da Universidade Regional de Blumenau (FURB)

    Bolsista do Programa do Fundo de Apoio à Manutenção e ao Desenvolvimento da Educação Superior - FUMDES

  • Antonio Maria da Silva Carpes, Universidade Federal da Fronteira Sul

    Doutorando em Ciências Contábeis e Administração

    PPGCC da Universidade Regional de Blumenau (FURB)

  • Carlos Eduardo Facin Lavarda, Universidade Regional de Blumenau (FURB)
    Doutor em Contabilidade pela Universidade de ValênciaProfessor do PPGCC da Universidade Regional de Blumenau (FURB)

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Additional Files

Published

2014-09-09

Issue

Vol. 33 No. 2 (2014)

Section

Original Articles

License

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How to Cite

Mazzioni, S., Carpes, A. M. da S., & Lavarda, C. E. F. (2014). The relationship between the degree of intangibility and the value added generation in brazilian open capital companies. Enfoque: Reflexão Contábil, 33(2), 71-86. https://doi.org/10.4025/enfoque.v33i2.22298