This work investigates the relationship between intellectual capital and value creation in the sector of Production and Assembly of Vehicles and Auto-parts in Brazil. Through the access of the database from the Annual Industrial Research conducted by the Brazilian Institute of Geography and...

The study of intangible assets has been attracting growing attention of investors and companies in the last years, mainly due to its potential effect in the creation of value. This interest raises important questions regarding models to evaluate, assess and measure intangible assets and to link...

Economists have concluded that the intangible assets growth have exceeded expectations in the last years. Although there is no general agreement on its conceptualization the intangible assets's effects in the company's statements have been widely recognized, raising interest from researchers and...

The resource-based view (RBV) appears as a more comprehensive theory than the neoclassical theory to explain value creation in the capitalist system. RBV emphasizes the role of strategic resources to the firm. Barney (1991) adopts the standpoint that the stock of strategic resources is important...

In the spirit of discussion of theoretical alternatives, we present the Asset-Attitude Approach that aims to bring new concepts to the study of competitive advantage. Although assets, as related to resources and capabilities, do not represent a new concept, the AAA introduces the importance of...

The aim of this study is to analyze the relationship among diverse factors that explain the use of derivatives for the fulfillment of hedge operations. The independent variables (related to flexibility) that explains the dependent variable (level of utilization of the derivatives) are:...

The objective of this study was to verify the influence of profitsharing/gainsharing plans on the performance of value drivers. The drivers evaluated were: growth of sales, investment in working capital, investment in fixed capital, operating profit margin, income tax rate, cost of equity, cost...

This study aims to evaluate the techniques used for the validation of default probability (DP) models. By generating simulated stress data, we build ideal conditions to assess the adequacy of the metrics in different stress scenarios. In addition, we empirically analyze the evaluation metrics...

This paper examines the behavior of the exchange rate over the long term from the perspective of the purchasing power parity theory (PPP) model developed empirically by Cassel and of the model proposed by Basso originating from the Marxist benchmark, which emphasizes prices and productivities to...