Value added by intellectual capital: a study from the brazilian B3´s ISE portfolio – Corporate Sustainability Index

Q3 Engineering

Gestao e Producao Pub Date : 2021-01-01 DOI:10.1590/1806-9649-2020v28e5124

José Francisco de Carvalho Rezende, Mônica Pereira da Silva

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引用次数: 0

Abstract

Abstract: The study aimed at discussing the Value Creation based on the VAIC™ method and as a research field the companies that are part of the B3 (BM&FBOVESPA) Corporate Sustainability Index (ISE) portfolio. As a first approach, we selected the year 2016 after ten years of ISE history. The VAIC™ components were recovered and computed from the International Financial Reporting Standards ended in December 31, 2015. The hypotheses allowed to affirm the following: (i) there is interdependence among Invested Financial Capital, Intellectual Capital, and Value Creation; (ii) there are dimensions of Value Creation capable of differentiating and clustering the observations; and (iii) the allocative efficiency of companies can vary according to clusters. The main limitation is the size of the population/final sample — 29 corporations. The implications refer to the reinforcement of the theoretical existence of Value Creation based simultaneously on tangible and intangible assets and the possibility to categorize companies to broaden the understanding of the bases for appreciation of the value and pricing of assets traded on the stock exchange platforms.

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智力资本增加的价值:来自巴西B3 ' s ISE投资组合的研究-企业可持续发展指数

摘要:本研究旨在探讨基于VAIC™方法的价值创造，并将B3 (BM&FBOVESPA)企业可持续发展指数(ISE)组合中的公司作为研究领域。作为第一种方法，我们选择了ISE十年历史后的2016年。VAIC™成分是从2015年12月31日结束的国际财务报告准则中恢复和计算的。假设允许确认以下内容:(i)投资金融资本、智力资本和价值创造之间存在相互依存关系;(ii)存在能够区分和聚集观察结果的价值创造维度;(3)企业的配置效率会因集群的不同而不同。主要的限制是人口/最终样本的规模——29家公司。其含义是指加强了同时基于有形和无形资产的价值创造的理论存在，并有可能对公司进行分类，以扩大对证券交易所平台上交易的资产价值增值和定价基础的理解。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Gestao e Producao Engineering-Industrial and Manufacturing Engineering

CiteScore

1.60

自引率

0.00%

发文量

审稿时长

44 weeks

期刊介绍： Gestão & Produção is a journal published four times a year year (March, June, September and December) by the Departamento de Engenharia de Produção (DEP) of Universidade Federal de São Carlos (UFSCar). The first issue of Gestão & Produção was published in April, 1994. Actually, G&P was result of experience of professors of DEP/UFSCar in editing, in the beginning, "Cadernos DEP" in the 1980s, followed by "Cadernos de Engenharia de Produção". The last three issues of "Cadernos de Engenharia de Produção" were a test previous to the launch of Gestão & Produção because most of the journal characteristics were already established, like regularity.