Grau de intangibilidade e indicadores de rentabilidade das empresas que compõem novo mercado BM&FBovespa

Abstract

In recent years we noticed a large increase in the study of related intangible assets and aspects related to corporate profitability interest. This study aims to compare the profitability ratios of two groups of companies in the corporate governance new market segment, listed on BM&FBOVESPA in the years 2010, 2011 and 2012, excluding companies in the financial and other economic sector that did not have all the data to the calculation of the variables. The first group consists of companies with degree of intangibility above the median (INTANGIBLE), while the second is composed of firms with a degree of intangibility below the median (TANGIBLE). As for data analysis and processing software SPSS was used. The results show that there are statistically significant differences in performance between the two groups, and in most cases the degree of intangibility companies with above-median (INTANGIBLE) obtains better results than companies with degree of intangibility below the median (TANGIBLE). Four indicators of profitability were analyzed for three years. The twelve possible analyzes, the average of all grades in the three years studied show a superior performance of INTANGIBLE companies, however after performing nonparametric tests to examine the hypothesis that there statistically significant difference ten were relevant, while two showed no statistical relevance.