Intangible assets and economical-financial performance: comparison between portfolios of tangible-intensive and intangible-intensive firms
DOI:
https://doi.org/10.5902/1983465913552Abstract
The intangible assets are able to produce future benefits that are important differentiating factors contributing to the achievement of important competitive advantages (CARMELI; TISHLER, 2004; PEREZ; FAMÁ, 2006a). However, traditional approaches to financial evaluation have difficulty in assessing and valuing business with significant intangible assets (LEV, 2001; MIZIK; JACOBSON, 2008; MIZIK; JACOBSON, 2009). Hence, this study sought to compare (by accountancy and financial indexes, during 5 years) the performance of two portfolios: firms with a high proportion of intangibility and one of possessing a small proportion of intangibility, in order to contribute to the literature and generate knowledge about the Brazilian market. The results show a superior performance of the intangible assets portfolio during the most of periods and indexes. It is further evidence that intangible assets are capable of generating competitive advantage for their respective companies, including in the Brazilian scenario.
Downloads
Downloads
Published
How to Cite
Issue
Section
License
This journal remains the copyright holders of articles published. In order to be published, authors must sign the Copyrights Letter, which is sent to the authors by e-mail, thus granting rights, including on translation, to ReA/UFSM. The journal grants third parties the right to use, reproduce, and share the article according to the Creative Commons license agreement (CC-BY 4.0), as stated in the article’s PDF documents.