EFFECT OF INTELLECTUAL CAPITAL ON THE FINANCIAL PERFORNMANCE OF BRAZILIAN COMPANIES LISTED ON B3’s IBRX-50 INDEX FROM 2013 TO 2017

Detalhes bibliográficos
Autor(a) principal: Evangelho Meyr, Chaline
Data de Publicação: 2019
Outros Autores: Boruck Klein, Simone, Dantas de Souza Junior, Wagner, Dall'Asta, Denis
Tipo de documento: Artigo
Idioma: por
Título da fonte: Contextus (Fortaleza. Online)
Texto Completo: http://periodicos.ufc.br/contextus/article/view/42289
Resumo: This study aims to analyze the effect of the components of intellectual capital on the financial performance of companies of the B3 IBrX-50 Index, Brazilian stock exchange. The components of the VAIC ™ model (PULIC, 1998) were used: human capital (HCE), structural capital (SCE) and employed capital efficiency (EEC). Performance was measured by the financial indicators ROA, ROE, ROS and Market Value, measured by Tobin’s Q. This is a quantitative, descriptive, documentary research, with secondary data from 2013 to 2017 collected from Economática®. Four econometric models were estimated by multiple regression with panel data to test the hypotheses. Results indicate that all components positively affect ROA and ROE; only CEE affects Market Value; HCE positively affects and SCE negatively affects ROS. The study contributes to the empirical analysis of the components of intellectual capital in the Brazilian context.
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spelling EFFECT OF INTELLECTUAL CAPITAL ON THE FINANCIAL PERFORNMANCE OF BRAZILIAN COMPANIES LISTED ON B3’s IBRX-50 INDEX FROM 2013 TO 2017EFECTO DEL CAPITAL INTELLECTUAL EN EL DESEMPEÑO FINANCIERO DE LAS EMPRESAS BRASILEÑAS QUE COTIZAN EN EL IBRX-50 DE B3 DE 2013 A 2017EFEITO DOS COMPONENTES DO CAPITAL INTELECTUAL SOBRE O DESEMPENHO FINANCEIRO DE EMPRESAS BRASILEIRAS LISTADAS NO IBRX-50 DA B3 DE 2013 A 2017Intellectual capital; Market value; Financial performance; VAIC ™ model; IBrX50Capital intelectual; Valor comercial; Desempeño financiero; modelo VAIC ™; IBrX-50Capital Intelectual; Valor de Mercado; Desempenho Financeiro; modelo VAIC™; IBrX-50This study aims to analyze the effect of the components of intellectual capital on the financial performance of companies of the B3 IBrX-50 Index, Brazilian stock exchange. The components of the VAIC ™ model (PULIC, 1998) were used: human capital (HCE), structural capital (SCE) and employed capital efficiency (EEC). Performance was measured by the financial indicators ROA, ROE, ROS and Market Value, measured by Tobin’s Q. This is a quantitative, descriptive, documentary research, with secondary data from 2013 to 2017 collected from Economática®. Four econometric models were estimated by multiple regression with panel data to test the hypotheses. Results indicate that all components positively affect ROA and ROE; only CEE affects Market Value; HCE positively affects and SCE negatively affects ROS. The study contributes to the empirical analysis of the components of intellectual capital in the Brazilian context.Este estudio analiza el efecto del capital intelectual en el desempeño financiero de las empresas del Índice IBrX-50 de la bolsa de valores brasileña. Se utilizaron los componentes del modelo VAIC ™: capital humano (HCE), capital estructural (SCE) y eficiencia de capital (CEE). El rendimiento se midió mediante los indicadores financieros ROA, ROE, ROS y Valor de mercado, medido por la Q de Tobin. Esta es una investigación documental cuantitativa, descriptiva, con datos secundarios de 2013 a 2017 recopilados de Economática®. Se estimaron cuatro modelos econométricos por regresión múltiple con datos de panel para probar las hipótesis. Los resultados indican que todos los componentes afectan positivamente el ROA y el ROE; solo la CEE afecta el valor de mercado; HCE afecta positivamente y SCE afecta negativamente a ROS. Así, se puede afirmar que los componentes del capital intelectual afectan algunos de los indicadores de desempeño financiero en las empresas brasileñas.Este estudo analisa o efeito do capital intelectual sobre o desempenho financeiro de empresas do índice IBrX-50 da B3, bolsa de valores brasileira. Utilizaram-se os componentes do modelo VAIC™ (PULIC, 1998): o capital humano (HCE), capital estrutural (SCE) e a eficiência do capital empregado (CEE). O desempenho foi medido pelos indicadores financeiros ROA, ROE, ROS e o Valor de Mercado, medido pelo Q de Tobin. Trata-se de uma pesquisa quantitativa, descritiva, documental, com dados secundários de 2013 a 2017 coletados da Economática®. Quatro modelos econométricos foram estimados por regressão múltipla com dados em painel para testar as hipóteses. Os resultados indicam que todos os componentes afetam positivamente o ROA e o ROE; somente o CEE afeta o Valor de Mercado; o HCE afeta positiva, e o SCE negativamente o ROS. O estudo contribui com a análise empírica dos componentes do capital intelectual no contexto brasileiro.FEAAC/UFC2019-12-20info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfapplication/ziphttp://periodicos.ufc.br/contextus/article/view/4228910.19094/contextus.v17i3.42289Contextus - Contemporary Journal of Economics and Management; Vol 17 No 3: set/dez 2019; 88-113Contextus – Revista Contemporánea de Economía y Gestión; Vol. 17 Núm. 3: set/dez 2019; 88-113Contextus – Revista Contemporânea de Economia e Gestão; v. 17 n. 3: set/dez 2019; 88-1132178-92581678-2089reponame:Contextus (Fortaleza. Online)instname:Universidade Federal do Ceará (UFC)instacron:UFCporhttp://periodicos.ufc.br/contextus/article/view/42289/99770http://periodicos.ufc.br/contextus/article/view/42289/166112http://periodicos.ufc.br/contextus/article/view/42289/166113http://periodicos.ufc.br/contextus/article/view/42289/166114http://periodicos.ufc.br/contextus/article/view/42289/166115Copyright (c) 2019 Revista: apenas para a 1a. publicaçãohttp://creativecommons.org/licenses/by-nc/4.0info:eu-repo/semantics/openAccessEvangelho Meyr, ChalineBoruck Klein, Simone Dantas de Souza Junior, Wagner Dall'Asta, Denis2021-11-20T14:56:39Zoai:periodicos.ufc:article/42289Revistahttp://periodicos.ufc.br/contextusPUBhttp://periodicos.ufc.br/contextus/oairevistacontextus@ufc.br2178-92581678-2089opendoar:2021-11-20T14:56:39Contextus (Fortaleza. Online) - Universidade Federal do Ceará (UFC)false
dc.title.none.fl_str_mv EFFECT OF INTELLECTUAL CAPITAL ON THE FINANCIAL PERFORNMANCE OF BRAZILIAN COMPANIES LISTED ON B3’s IBRX-50 INDEX FROM 2013 TO 2017
EFECTO DEL CAPITAL INTELLECTUAL EN EL DESEMPEÑO FINANCIERO DE LAS EMPRESAS BRASILEÑAS QUE COTIZAN EN EL IBRX-50 DE B3 DE 2013 A 2017
EFEITO DOS COMPONENTES DO CAPITAL INTELECTUAL SOBRE O DESEMPENHO FINANCEIRO DE EMPRESAS BRASILEIRAS LISTADAS NO IBRX-50 DA B3 DE 2013 A 2017
title EFFECT OF INTELLECTUAL CAPITAL ON THE FINANCIAL PERFORNMANCE OF BRAZILIAN COMPANIES LISTED ON B3’s IBRX-50 INDEX FROM 2013 TO 2017
spellingShingle EFFECT OF INTELLECTUAL CAPITAL ON THE FINANCIAL PERFORNMANCE OF BRAZILIAN COMPANIES LISTED ON B3’s IBRX-50 INDEX FROM 2013 TO 2017
Evangelho Meyr, Chaline
Intellectual capital; Market value; Financial performance; VAIC ™ model; IBrX50
Capital intelectual; Valor comercial; Desempeño financiero; modelo VAIC ™; IBrX-50
Capital Intelectual; Valor de Mercado; Desempenho Financeiro; modelo VAIC™; IBrX-50
title_short EFFECT OF INTELLECTUAL CAPITAL ON THE FINANCIAL PERFORNMANCE OF BRAZILIAN COMPANIES LISTED ON B3’s IBRX-50 INDEX FROM 2013 TO 2017
title_full EFFECT OF INTELLECTUAL CAPITAL ON THE FINANCIAL PERFORNMANCE OF BRAZILIAN COMPANIES LISTED ON B3’s IBRX-50 INDEX FROM 2013 TO 2017
title_fullStr EFFECT OF INTELLECTUAL CAPITAL ON THE FINANCIAL PERFORNMANCE OF BRAZILIAN COMPANIES LISTED ON B3’s IBRX-50 INDEX FROM 2013 TO 2017
title_full_unstemmed EFFECT OF INTELLECTUAL CAPITAL ON THE FINANCIAL PERFORNMANCE OF BRAZILIAN COMPANIES LISTED ON B3’s IBRX-50 INDEX FROM 2013 TO 2017
title_sort EFFECT OF INTELLECTUAL CAPITAL ON THE FINANCIAL PERFORNMANCE OF BRAZILIAN COMPANIES LISTED ON B3’s IBRX-50 INDEX FROM 2013 TO 2017
author Evangelho Meyr, Chaline
author_facet Evangelho Meyr, Chaline
Boruck Klein, Simone
Dantas de Souza Junior, Wagner
Dall'Asta, Denis
author_role author
author2 Boruck Klein, Simone
Dantas de Souza Junior, Wagner
Dall'Asta, Denis
author2_role author
author
author
dc.contributor.author.fl_str_mv Evangelho Meyr, Chaline
Boruck Klein, Simone
Dantas de Souza Junior, Wagner
Dall'Asta, Denis
dc.subject.por.fl_str_mv Intellectual capital; Market value; Financial performance; VAIC ™ model; IBrX50
Capital intelectual; Valor comercial; Desempeño financiero; modelo VAIC ™; IBrX-50
Capital Intelectual; Valor de Mercado; Desempenho Financeiro; modelo VAIC™; IBrX-50
topic Intellectual capital; Market value; Financial performance; VAIC ™ model; IBrX50
Capital intelectual; Valor comercial; Desempeño financiero; modelo VAIC ™; IBrX-50
Capital Intelectual; Valor de Mercado; Desempenho Financeiro; modelo VAIC™; IBrX-50
description This study aims to analyze the effect of the components of intellectual capital on the financial performance of companies of the B3 IBrX-50 Index, Brazilian stock exchange. The components of the VAIC ™ model (PULIC, 1998) were used: human capital (HCE), structural capital (SCE) and employed capital efficiency (EEC). Performance was measured by the financial indicators ROA, ROE, ROS and Market Value, measured by Tobin’s Q. This is a quantitative, descriptive, documentary research, with secondary data from 2013 to 2017 collected from Economática®. Four econometric models were estimated by multiple regression with panel data to test the hypotheses. Results indicate that all components positively affect ROA and ROE; only CEE affects Market Value; HCE positively affects and SCE negatively affects ROS. The study contributes to the empirical analysis of the components of intellectual capital in the Brazilian context.
publishDate 2019
dc.date.none.fl_str_mv 2019-12-20
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://periodicos.ufc.br/contextus/article/view/42289
10.19094/contextus.v17i3.42289
url http://periodicos.ufc.br/contextus/article/view/42289
identifier_str_mv 10.19094/contextus.v17i3.42289
dc.language.iso.fl_str_mv por
language por
dc.relation.none.fl_str_mv http://periodicos.ufc.br/contextus/article/view/42289/99770
http://periodicos.ufc.br/contextus/article/view/42289/166112
http://periodicos.ufc.br/contextus/article/view/42289/166113
http://periodicos.ufc.br/contextus/article/view/42289/166114
http://periodicos.ufc.br/contextus/article/view/42289/166115
dc.rights.driver.fl_str_mv Copyright (c) 2019 Revista: apenas para a 1a. publicação
http://creativecommons.org/licenses/by-nc/4.0
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Copyright (c) 2019 Revista: apenas para a 1a. publicação
http://creativecommons.org/licenses/by-nc/4.0
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
application/zip
dc.publisher.none.fl_str_mv FEAAC/UFC
publisher.none.fl_str_mv FEAAC/UFC
dc.source.none.fl_str_mv Contextus - Contemporary Journal of Economics and Management; Vol 17 No 3: set/dez 2019; 88-113
Contextus – Revista Contemporánea de Economía y Gestión; Vol. 17 Núm. 3: set/dez 2019; 88-113
Contextus – Revista Contemporânea de Economia e Gestão; v. 17 n. 3: set/dez 2019; 88-113
2178-9258
1678-2089
reponame:Contextus (Fortaleza. Online)
instname:Universidade Federal do Ceará (UFC)
instacron:UFC
instname_str Universidade Federal do Ceará (UFC)
instacron_str UFC
institution UFC
reponame_str Contextus (Fortaleza. Online)
collection Contextus (Fortaleza. Online)
repository.name.fl_str_mv Contextus (Fortaleza. Online) - Universidade Federal do Ceará (UFC)
repository.mail.fl_str_mv revistacontextus@ufc.br
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