Activos intanxibles e os seus efectos no desempeño empresarial: unha análise para empresas colombianas

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Publicado 20-02-2024

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Alberto Méndez-Morales
Tecnológico de Monterrey. EGADE Business School. Santa Fé, México.
México
https://orcid.org/0000-0001-7971-5305
Camilo Anzola-Morales
Universidad Militar Nueva Granada. Centro de Investigación en Ciencias Económicas, Bogotá, Colombia.
Colombia
https://orcid.org/0000-0003-1375-2597
Liliana Elizabeth Ruiz-Acosta
Universidad Militar Nueva Granada. Centro de Investigación en Ciencias Económicas, Bogotá, Colombia.
Colombia
https://orcid.org/0000-0003-3323-8480
David Andrés Camargo Mayorga
Universidad Militar Nueva Granada. Centro de Investigación en Ciencias Económicas, Bogotá, Colombia.
Colombia
https://orcid.org/0000-0002-5290-8251
Vol 33 No 1 (2024), Artigos, páxinas 1-28
DOI https://doi.org/10.15304/rge.33.1.9138
Recibido: 12-04-2023 Aceptado: 24-10-2023 Publicado: 20-02-2024
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Resumo

Os activos intanxibles (AI) son fundamentais para a creación de valor nas empresas. Porén, a literatura non é concluínte con respecto á relación entre os AI e a rendibilidade. Este documento utiliza datos financeiros de empresas colombianas do período 2005 a 2015 para determinar se existe esta relación. Utilízanse trinta modelos de panel dinámicos para comprender se os AI están relacionados coas variables Rendibilidade sobre o patrimonio, Rendibilidade sobre os activos, Beneficio antes de xuros e impostos, Beneficios antes de intereses, impostos, depreciación e amortización, Marxe bruto e Marxe neto. Os resultados, malia un tamaño de mostra limitado e falta de variables, están relacionados coa literatura que sinala a relación negativa entre os AI e a rendibilidade. Ademais, estes están relacionados coa imposibilidade das empresas de explotar os AI para xerar rendibilidade, pero tamén cunha subexplotación dos AI en Colombia.

Palabras chave

Profitability, Dynamic panel model, Accounting practices, Unbalanced panels, IFRS
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