Volume 4 - No 5
DISCLOSURE OF INTANGIBLE ASSETS INFORMATION IN BRAZILIAN TRADED COMPANIES
Abstract
There is evidence of growth in importance of intangible assets and of business and academic
interest in investigating such assets. The main purpose of this study is to analyze the level of
disclosure of mandatory information required by CPC 04 in Brazilian companies listed on BM&FBovespa referring to 2011. This research also aims at assessing whether there is a
relationship between the independent variables degree of intangibility, return on shareholders’
equity, firm size, sales growth, level of corporate governance, and economic sector with the
dependent variable disclosure level of intangible asset. It was carried out a descriptive,
documentary and quantitative research, based on the standardized financial statements for the year
2011. The results showed that the highest rate of compliance was 95 % and the lowest was 0 % of
compulsory disclosure. The study found that the independent variables explain 15.7 % of the
disclosure level of intangible assets, the remainder being explained by other variables not
considered in this study. The explanatory variable that showed a statistically significant
relationship was the variable profitability, indicating that companies with higher profitability have
higher disclosure level of their intangible assets.
Paper Details
PaperID: p 1501-1520
Author's Name: Sady Mazzioni, Daniela Di Domenico and Hevelyn Nunes Bedin
Volume: Volume 4
Issues: No 5
Keywords: Intangible assets; Disclosure; Explanatory factors.
Year: 2014
Month: December
Pages: 1501 -1520