Ativos intangíveis e governança corporativa no mercado de capitais brasileiro

• Main Authors: Julio Henrique Machado, Rubens Famá
• Format: Article
• Language: Portuguese
• Published: Universidade Federal de Santa Catarina 2011-01-01
• Series: Revista Contemporânea de Contabilidade
• Online Access: http://www.redalyc.org/articulo.oa?id=76222308005

The constant development of the business environment has generated two very debated elements by the academic community: Intangible Assets and Corporate Governance. As the referred assets are also proceeding from the image of a company in the market, perceives then the linking with the Corporate Governance skills. Thus, the present work, of explore-description nature, has the objective to verify if the average level of intangibility of the company listed in the BM&FBOVESPA follows the differentiated level of governance which is submitted. The period between 2002 and 2007 were studied, having the index of intangibility as variable of research. It was observed that the company that adheres to the highest level of Corporate Governance of the BM&FBOVESPA, the New Market, had presented bigger level of intangibility on average. The Level 2 and Level 1 had not presented signifi cant difference in the studied variable, but they possess an average level of intangibility smaller than the group formed by the companies that do not adhere to the differentiated levels of governance.