Intangibility, internationalization and performance: an analysis for Brazilian companies
Autor(a) principal: | |
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Data de Publicação: | 2022 |
Outros Autores: | , |
Tipo de documento: | Artigo |
Idioma: | por |
Título da fonte: | Internext |
Texto Completo: | https://internext.espm.br/internext/article/view/674 |
Resumo: | Objective: To investigate the effect of intangibility on the performance of exporting and non-exporting companies in Brazil. Method: Financial and accounting data from publicly traded companies listed in Brasil, Bolsa e Balcão (B3) and published in the Thomson database and in the Ministry of Industry, Foreign Trade and Services database, in the period of 2014 to 2019, were used. As an econometric model, panel data regression models were estimated. Main Results: The results suggest a significant and negative relationship between intangible assets and the ROA and the ROE for exporting companies. As for the degree of intangibility, there was a negative significance only with the ROE. For the group of non-exporting companies, there was no significance. Thus, it was found that when exporting companies increase their investment rate in intangibles and their degree of intangibility, their profitability decreases. Relevance / Originality: This research is relevant since the studies on the theme are inconclusive. Theoretical / Methodological Contributions: The work intended to bring academic assistance by analyzing the intangibility-performance relationship for exporting and non-exporting companies in Brazil. Social / Management Contributions: With this study, we intended to assist the managers of Brazilian exporting companies in investment decisions in intangible assets and in strategies of competitiveness in the international markets. |
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Intangibility, internationalization and performance: an analysis for Brazilian companiesIntangibilidade, internacionalização e desempenho: uma análise para empresas brasileirasIntangibilidade. Internacionalização. Exportação. Desempenho.FinanceObjective: To investigate the effect of intangibility on the performance of exporting and non-exporting companies in Brazil. Method: Financial and accounting data from publicly traded companies listed in Brasil, Bolsa e Balcão (B3) and published in the Thomson database and in the Ministry of Industry, Foreign Trade and Services database, in the period of 2014 to 2019, were used. As an econometric model, panel data regression models were estimated. Main Results: The results suggest a significant and negative relationship between intangible assets and the ROA and the ROE for exporting companies. As for the degree of intangibility, there was a negative significance only with the ROE. For the group of non-exporting companies, there was no significance. Thus, it was found that when exporting companies increase their investment rate in intangibles and their degree of intangibility, their profitability decreases. Relevance / Originality: This research is relevant since the studies on the theme are inconclusive. Theoretical / Methodological Contributions: The work intended to bring academic assistance by analyzing the intangibility-performance relationship for exporting and non-exporting companies in Brazil. Social / Management Contributions: With this study, we intended to assist the managers of Brazilian exporting companies in investment decisions in intangible assets and in strategies of competitiveness in the international markets.Objetivo: Investigar o efeito da intangibilidade no desempenho das empresas exportadoras e não exportadoras no Brasil. Método: Foram utilizados dados financeiros e contábeis das empresas de capital aberto listadas no Brasil, Bolsa e Balcão (B3), e publicados na base de dados Thomson e na base do Ministério da Indústria, Comércio Exterior e Serviços, no período de 2014 a 2019. Como modelo econométrico, estimaram-se modelos de regressão de dados em painel. Principais Resultados: Os resultados sugerem haver relação significante e negativa entre os ativos intangíveis e o retorno sobre ativos e o retorno sobre o patrimônio líquido para o grupo de empresas exportadoras. Quanto à variável grau de intangibilidade, houve significância negativa somente com o retorno sobre o patrimônio líquido. Para o grupo de empresas não exportadoras, não houve significância. Assim, verificou-se que, quando as empresas exportadoras aumentam seu índice de investimento em intangíveis e seu grau de intangibilidade, sua rentabilidade diminui. Relevância / Originalidade: Esta pesquisa faz-se relevante visto que os estudos sobre a temática são inconclusivos. Contribuições Teóricas / Metodológicas: O trabalho pretende trazer uma contribuição teórica por analisar a relação intangibilidade-desempenho para empresas exportadoras e não exportadoras no Brasil. Contribuições sociais / para a gestão: Com este estudo, pretende-se auxiliar os gestores das empresas brasileiras exportadoras nas decisões de investimentos em ativos intangíveis e nas estratégias de competitividade nos mercados internacionais.Escola Superior de Propaganda e Marketing - ESPM2022-09-23info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionDados em painelapplication/pdfhttps://internext.espm.br/internext/article/view/67410.18568/internext.v17i3.674Internext - International Business and Management Review ; Vol. 17 No. 3 (2022): Setembro - DezembroInternext; v. 17 n. 3 (2022): Setembro - Dezembro1980-4865reponame:Internextinstname:Escola Superior de Propaganda e Marketing (ESPM)instacron:ESPMporhttps://internext.espm.br/internext/article/view/674/470Copyright (c) 2022 Internexthttp://creativecommons.org/licenses/by-nc-sa/4.0info:eu-repo/semantics/openAccessSant Ana, Renata Pereira deCarvalho, LucianaRibeiro, Kárem Cristina de Sousa2023-03-21T18:41:13Zoai:ojs.emnuvens.com.br:article/674Revistahttps://internext.espm.br/internextPRIhttps://internext.espm.br/internext/oaiinternext@espm.br1980-48651980-4865opendoar:2023-03-21T18:41:13Internext - Escola Superior de Propaganda e Marketing (ESPM)false |
dc.title.none.fl_str_mv |
Intangibility, internationalization and performance: an analysis for Brazilian companies Intangibilidade, internacionalização e desempenho: uma análise para empresas brasileiras |
title |
Intangibility, internationalization and performance: an analysis for Brazilian companies |
spellingShingle |
Intangibility, internationalization and performance: an analysis for Brazilian companies Sant Ana, Renata Pereira de Intangibilidade. Internacionalização. Exportação. Desempenho. Finance |
title_short |
Intangibility, internationalization and performance: an analysis for Brazilian companies |
title_full |
Intangibility, internationalization and performance: an analysis for Brazilian companies |
title_fullStr |
Intangibility, internationalization and performance: an analysis for Brazilian companies |
title_full_unstemmed |
Intangibility, internationalization and performance: an analysis for Brazilian companies |
title_sort |
Intangibility, internationalization and performance: an analysis for Brazilian companies |
author |
Sant Ana, Renata Pereira de |
author_facet |
Sant Ana, Renata Pereira de Carvalho, Luciana Ribeiro, Kárem Cristina de Sousa |
author_role |
author |
author2 |
Carvalho, Luciana Ribeiro, Kárem Cristina de Sousa |
author2_role |
author author |
dc.contributor.author.fl_str_mv |
Sant Ana, Renata Pereira de Carvalho, Luciana Ribeiro, Kárem Cristina de Sousa |
dc.subject.por.fl_str_mv |
Intangibilidade. Internacionalização. Exportação. Desempenho. Finance |
topic |
Intangibilidade. Internacionalização. Exportação. Desempenho. Finance |
description |
Objective: To investigate the effect of intangibility on the performance of exporting and non-exporting companies in Brazil. Method: Financial and accounting data from publicly traded companies listed in Brasil, Bolsa e Balcão (B3) and published in the Thomson database and in the Ministry of Industry, Foreign Trade and Services database, in the period of 2014 to 2019, were used. As an econometric model, panel data regression models were estimated. Main Results: The results suggest a significant and negative relationship between intangible assets and the ROA and the ROE for exporting companies. As for the degree of intangibility, there was a negative significance only with the ROE. For the group of non-exporting companies, there was no significance. Thus, it was found that when exporting companies increase their investment rate in intangibles and their degree of intangibility, their profitability decreases. Relevance / Originality: This research is relevant since the studies on the theme are inconclusive. Theoretical / Methodological Contributions: The work intended to bring academic assistance by analyzing the intangibility-performance relationship for exporting and non-exporting companies in Brazil. Social / Management Contributions: With this study, we intended to assist the managers of Brazilian exporting companies in investment decisions in intangible assets and in strategies of competitiveness in the international markets. |
publishDate |
2022 |
dc.date.none.fl_str_mv |
2022-09-23 |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Dados em painel |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
https://internext.espm.br/internext/article/view/674 10.18568/internext.v17i3.674 |
url |
https://internext.espm.br/internext/article/view/674 |
identifier_str_mv |
10.18568/internext.v17i3.674 |
dc.language.iso.fl_str_mv |
por |
language |
por |
dc.relation.none.fl_str_mv |
https://internext.espm.br/internext/article/view/674/470 |
dc.rights.driver.fl_str_mv |
Copyright (c) 2022 Internext http://creativecommons.org/licenses/by-nc-sa/4.0 info:eu-repo/semantics/openAccess |
rights_invalid_str_mv |
Copyright (c) 2022 Internext http://creativecommons.org/licenses/by-nc-sa/4.0 |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
Escola Superior de Propaganda e Marketing - ESPM |
publisher.none.fl_str_mv |
Escola Superior de Propaganda e Marketing - ESPM |
dc.source.none.fl_str_mv |
Internext - International Business and Management Review ; Vol. 17 No. 3 (2022): Setembro - Dezembro Internext; v. 17 n. 3 (2022): Setembro - Dezembro 1980-4865 reponame:Internext instname:Escola Superior de Propaganda e Marketing (ESPM) instacron:ESPM |
instname_str |
Escola Superior de Propaganda e Marketing (ESPM) |
instacron_str |
ESPM |
institution |
ESPM |
reponame_str |
Internext |
collection |
Internext |
repository.name.fl_str_mv |
Internext - Escola Superior de Propaganda e Marketing (ESPM) |
repository.mail.fl_str_mv |
internext@espm.br |
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1793890310362759168 |