POSSIBLE REACTION OF THE BRAZILIAN MARKET TO R&D INVESTMENTS

Authors

  • Vicente Lima Crisóstomo Universidade Federal do Ceará
  • Eleuterio Vallelado González Universidad de Valladolid

Abstract

The growing importance of the intangible assets has caused a lot of research about them. The value creation capacity of such assets, mainly Research and Development (R&D) is in such a context. Much research about this has been done in USA in comparison to developing markets where such theme is almost unexplored. This work has the purpose to present a research about a possible economic effect of R&D investments in Brazil. Such investigation has been developed through a literature review about the question in the world and an empirical98 research in the Brazilian companies listed in Bovespa based on a linear regression in cross-section in the year 2003. We have used a model previously applied in other countries that has a capital R&D index as dependent variable explained by R&D intensity and other variables related to firm characteristics and performance. Although the low levels of R&D investments found, we have detected a signal of positive sensibility of the Brazilian.

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Author Biographies

Vicente Lima Crisóstomo, Universidade Federal do Ceará

Professor do Departamento de Contabilidade da Universidade Federal do Ceará. Doutorando na Universidad de Valladolid com o apoio do Programa ALBAN, Programa de bolsas da União Européia para América Latina.

Eleuterio Vallelado González, Universidad de Valladolid

Professor do Departamento de Economía Financiera y Contabilidad da Universidad de Valladolid.

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Published

2008-07-29

Issue

Vol. 7 No. 1 (2006)

Section

Presentation

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