Influência dos ativos intangíveis no desempenho econômico de empresas latino-americanas

Abstract

This study aims to verify the influence of intangible assets on the economic performance of Latin American companies, using descriptive, documentary, and quantitative methods. The study sample consists of 543 Argentine, Brazilian, Chilean and Mexican companies, listed on their respective countries’ stock exchanges. Data from the period from 2010 to 2014 were collected from Thomson’s database in December 2015, and reviewed using panel data regression. The results suggest the influence of the degree of intangibility on the companies’ performance, with the strongest evidence observed in the Argentine companies. In the Brazilian companies, results show that the degree of intangibility negatively influences the return on net assets. Based on the results of this study, it can be concluded that intangible assets can influence the performance of organizations; however, this influence depends on factors and characteristics of each country.