Abstract

http://ssrn.com/abstract=1081849
 
 

References (32)



 
 

Citations (2)



 


 



Intellectual Capital and the Creation of Value in Brazilan Companies


Flavio L. Richieri


Escola Superior de Propaganda e Marketing (ESPM)

Leonardo Cruz Basso


Mackenzie Presbiterian University - Business Administration

Diógenes Manoel Leiva Martin


Mackenzie 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

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Date posted: January 9, 2008  

Suggested Citation

Richieri, Flavio L. and Basso, Leonardo Cruz and Martin, Diógenes Manoel Leiva, Intellectual Capital and the Creation of Value in Brazilan Companies (January 9, 2008). Available at SSRN: http://ssrn.com/abstract=1081849 or http://dx.doi.org/10.2139/ssrn.1081849

Contact Information

Flavio L. Richieri (Contact Author)
Escola Superior de Propaganda e Marketing (ESPM) ( email )
R. JOAQUIM TAVORA, 1240
Vila Mariana
Sao Paulo, SP 04015-013
Brazil
+55 11 9657 1919 (Phone)
Leonardo Cruz Basso
Mackenzie Presbiterian University - Business Administration ( email )
Rua da Consolacao, 896 7 - andar sala 73
01302-907 Sao Paulo
Brazil
+55 11 32368597 (Phone)
+55 11 32368600 (Fax)
Diógenes Manoel Leiva Martin
Mackenzie University ( email )
São Paulo
Brazil
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