|
|
|
|
||||
|
||||
Intellectual Capital and the Creation of Value in Brazilan CompaniesFlavio L. RichieriEscola Superior de Propaganda e Marketing (ESPM) Leonardo Cruz BassoMackenzie Presbiterian University - Business Administration Diógenes Manoel Leiva MartinMackenzie University January 9, 2008 Abstract: This study makes usage of CIV (Calculated Intangible Value) and ICE (Intellectual Capital Efficiency) to measure IC stock and flows respectively. It applies static panel data models, to study the influence of IC on companies ROE (Return-on-Equity), ROA (Return-on-Assets) and ROS (Return-on-Sales) ratios. The research utilizes a sample with data for the 1,000 biggest companies in Brazil from the Maiores and Melhores annual survey database, covering the period between 2000 and 2005. Results found suggest the existence of a positive relation between both CIV and ICE and the dependent variables ROE, ROA and ROS.
Number of Pages in PDF File: 22 Keywords: Intellectual capital (IC), Intangible assets, Knowledge assets, Value creation, Financial Performance, Valuation, Knowledge management (KM), Panel data JEL Classification: C33, D21, D23, D46, I20, I21, I22, M20, M21 working papers seriesDate posted: January 9, 2008Suggested CitationContact Information
|
|
|||||||||||||||||||||||||||||||
© 2013 Social Science Electronic Publishing, Inc. All Rights Reserved.
FAQ
Terms of Use
Privacy Policy
Copyright
This page was processed by apollo2 in 0.547 seconds
