Intangible Assets and Superior and Sustained Performance of Innovative Brazilian Firms
Journal Title: BAR: Brazilian Administration Review - Year 2014, Vol 11, Issue 4
Abstract
According to the Resource-Based View, the nature of the resources, competences and knowledge accumulated by firms are the major causes of variation in business performance. In view of the importance attributed to intangible assets, the purpose of the present study was to investigate whether innovative firms with superior and sustained performance and firms without superior and sustained performance differ with regard to investments in intangible assets. The sample consisted of 137 firms listed on the Brazilian stock exchange from 2007 to 2010 and belonging to innovative sectors according to the Brazilian Innovation Index. Only 51 firms with profitability above the sector average during the entire study period (four years) met the criterion of superior and sustained performance. Thus, using return on assets as a proxy for performance, investments in intangibles were found to be greater in firms without superior and sustained performance, particularly with regard to the categories intellectual property assets (the predominant category) and infrastructure assets. Based on the lack of evidence for a significant correlation between corporate performance and investment in intangible assets, our initial hypothesis that a positive relation exists between the composition of investments in intangible assets and the performance of innovative firms could not be confirmed.
Authors and Affiliations
Luca, Márcia Martins Mendes De; Maia, Anna Beatriz Grangeiro Ribeiro; Cardoso, Vanessa Ingrid da Costa; Vasconcelos, Alessandra Carvalho de; Cunha, Jacqueline Veneroso Alves da
Keywords
Related Articles
- EP ID EP40586
- DOI -
- Views 240
- Downloads 0
Workplace Learning Strategies and Professional Competencies in Innovation Contexts in Brazilian Hospitals
Competencies mobilized by service providers form an element of hospital services insofar as scientific and technological procedures that are part of the service become tangible. In view of the fact that hospitals have...
Fair Trade Practices in the Northwest Brazilian Amazon
This paper describes and analyzes the Arte Baniwa project, a sustainable development project based on the production and commercialization of Baniwa indigenous basketwork with the support of the Instituto Socioambienta...
Unlocking the Institutionalization Process: Insights for an Institutionalizing Approach
The neoinstitutional theory has been characterized by some scholars in the field of organizational studies as a supposedly deterministic approach. We will demonstrate in this paper that this characterization cannot be...
Strategic HR? A Study of the Perceived Role of HRM Departments in Brazil and Peru
This study discusses the perceived role of the Human Resource Management Department and its perceived capacity of outstanding performance by comparing data collected in Brazil and Peru from employees of large organizat...
Relationship Marketing Strategies: When Buyer and Supplier Follow Different Strategies to Achieve Performance
Relationship marketing is essential for success in business. The need to understand better the differences in the strategies buyers and suppliers follow is what has motivated this study. We drew on emerging perspectives...