Grau de intangibilidade e o desempenho econômico nas empresas listadas na bolsa de valores BM&F BOVESPA

Abstract

Investors increasingly demand information on intangible assets in a context where these assets are related to superior economic performance and shareholder value generation. The fact that they are not accounted for often by traditional accounting could explain the differences between the market value of companies and the amount recorded by accounting. In this sense, the aim of the research is to verify if there is a significant difference in the economic performance of the companies listed on the BM & FBOVESPA with greater degree of intangibility in the period from 2009 to 2015. Specifically, we collected the necessary data for the realization of the present study through the Economatica system, we also identified the degree of Intangibility of the companies belonging to the study, segregating them into two large groups: intangible-intensive and tangible-intensive, finally, we sought to measure the Spread of profitability – Spread, as an indicator that assesses economic performance, ascertaining whether there is a significant difference between the economic performance of intangible-intensive and tangible-intensive companies. The study reached the objectives proposed by means of the application of descriptive research, with quantitative approach of the data, which were collected conforming bibliographical and documentary research. The results showed that the intangible-intensive companies present in most years greater economic performance than the intensive-tangible companies.