Relevância dos ativos intangíveis em empresas de alta e baixa tecnologia [Relevance of intangible assets in high and low companies technology]
Cristian Baú Dal Magro,
Alini da Silva,
Daniel Padilha and
Roberto Carlos Klann
Additional contact information
Cristian Baú Dal Magro: FURB
Alini da Silva: FURB
Daniel Padilha: FURB
Roberto Carlos Klann: FURB
Nova Economia, 2017, vol. 27, issue 3, 609-640
The literature on value relevance has consolidated that traditional accounting information influence investor decision-making, as the purchase or sale of shares. The implementation of IFRS has standardized intangible assets, which were previously not covered. Thus, this study aimed to analyze the relevance of intangible assets in high and low-tech companies. We conducted a descriptive, documentary and quantitative research. We used descriptive statistics and panel data analysis to analyze 2,228 US companies; and 118 companies in Brazil. The results showed that the equity and income adjusted for intangible accounts as well as intangible assets and goodwill are relevant value for economic agents, particularly for investors, impacting the stock price in the Brazilian and American markets. It is concluded that the relevance of intangible assets in technology companies influences the increase of the share price.
Keywords: value relevance; intangible assets; technology companies (search for similar items in EconPapers)
JEL-codes: M40 (search for similar items in EconPapers)
References: Add references at CitEc
Citations Track citations by RSS feed
Downloads: (external link)
http://www.scielo.br/scielo.php?script=sci_arttext ... g=en&nrm=iso&tlng=pt (text/html)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:nov:artigo:v:27:y:2017:i:3:p:609-640
Ordering information: This journal article can be ordered from
Av. Antonio Carlos, 6627 - Predio da FACE Belo Horizonte, 31270-901 Brazil
http://revistas.face ... dex.php/novaeconomia
Access Statistics for this article
Nova Economia is currently edited by Gustavo de Britto Rocha
More articles in Nova Economia from Economics Department, Universidade Federal de Minas Gerais (Brazil) Av. Antonio Carlos, 6627 - Predio da FACE Belo Horizonte, 31270-901 Brazil. Contact information at EDIRC.
Bibliographic data for series maintained by Lucas Resende de Carvalho ().