INTELLECTUAL CAPITAL AND VALUE CREATION IN THE METAL PRODUCTS MANUFACTURING SEGMENT

Authors

  • Joao Francisco Aguiar Universidade Presbiteriana Mackenzie
  • Leonardo Fernando Cruz Basso Universidade Presbiteriana Mackenzie
  • Herbert Kimura Universidade Presbiteriana Mackenzie

DOI:

https://doi.org/10.24023/FutureJournal/2175-5825/2009.v1i2.25

Abstract

The historical evolution of the ratio of investments in intangible assets over GNP in the US economy from 1959 to 2007 – which reached 8 to 10% in 2007 - indicates a positive long term trend that is as relevant as the rate of investments in tangible assets in terms of the GNP, during the same timeframe.  The most surprising fact however, was the expansion beyond expectations over the last 40 years. According to international researchers, this trend is due to a combination of a series of causes, such as the financial globalization, market deregulation and exponential growth of technological changes, rousing the interest of entrepreneurs, scholars and researchers in becoming acquainted with indicators, classifying and ideating these so as to comprehend the value creation  process within companies. The purpose of this line of research was to test Pulic´s Value Added Intellectual Coefficient Model (2000), so as to evaluate its significance in creating value, as applied to the Metal Products Manufacturing segment, utilizing an adjusted data base obtained from the Brazilian Geography and Statistics Institute´s (IBGE) Annual Industrial Research (PIA) for the period 2000 to 2006, comprising companies with more than 100 employees throughout Brazil, resorting to a panel of static data. Results obtained demonstrate a positive relationship between VAIC and value creation as well as between the Calculated Intangible Value – CIV, (explanatory variable) and value creation.

Key-Words:  Intellectual Capital. VAIC. Value Creation. IBGE (Brazilian Geography and Statistics Institute).

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Author Biographies

Joao Francisco Aguiar, Universidade Presbiteriana Mackenzie

Professor da Universidade Presbiteriana Mackenzie, CCSA, área Finanças 

Leonardo Fernando Cruz Basso, Universidade Presbiteriana Mackenzie

Professor ttular do curso de doutorado da Universidade Presbiteriana Mackenzie, área de Finanças Estratégicas

Herbert Kimura, Universidade Presbiteriana Mackenzie

Professor ttular do curso de doutorado da Universidade Presbiteriana Mackenzie, área de Finanças Estratégicas

Published

2009-12-19

How to Cite

Aguiar, J. F., Basso, L. F. C., & Kimura, H. (2009). INTELLECTUAL CAPITAL AND VALUE CREATION IN THE METAL PRODUCTS MANUFACTURING SEGMENT. Future Studies Research Journal: Trends and Strategies, 1(2), 191–212. https://doi.org/10.24023/FutureJournal/2175-5825/2009.v1i2.25