R&D Expenses and the Expectation of Value Generation in Brazilian Firms

Authors

  • Júlia Peres Tortoli Universidade de São Paulo – USP
  • Anelise Krauspenhar Pinto Figari Universidade Federal do Paraná – UFPR
  • Marcelo Augusto Ambrozini Universidade de São Paulo – USP
  • Marcelo Botelho da Costa Moraes Universidade de São Paulo – USP

Keywords:

R&D expenses, Intangible assets, Innovation, Granger Causality Test.

Abstract

The purpose of this study is to verify the existence of a causal relationship between R&D expenses not activated by Accounting, a proxy for innovation, and the book-to-market ratio (BTM), which demonstrates expectation of value generation in firms. We analyzed a sample composed of 30 Brazilian public firms that disclosed information about R&am

Author Biographies

Júlia Peres Tortoli, Universidade de São Paulo – USP

Doutoranda em Controladoria e Contabilidade (FEARP/USP)

Anelise Krauspenhar Pinto Figari, Universidade Federal do Paraná – UFPR

Doutora em Controladoria e Contabilidade (FEARP-USP)
Docente no Departamento de Contabilidade (UFPR)

Marcelo Augusto Ambrozini, Universidade de São Paulo – USP

Doutor em Administração (FEARP/USP)
Docente no Departamento de Contabilidade (FEARP/USP)

Marcelo Botelho da Costa Moraes, Universidade de São Paulo – USP

Doutor em Engenharia de Produção (EESC/USP)
Docente no Departamento de Contabilidade (FEARP/USP)

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Published

2020-03-31

Issue

Vol. 17 No. 1 (2020): JAN/MAR

Section

Articles

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