Intangibility and economic performance of brazilian agribusiness companies listed on B3
DOI:
https://doi.org/10.21527/2237-6453.2025.62.16485Keywords:
Agribusiness, Intangibility, Profitability, EconometricsAbstract
Intangible assets have stood out in value creation in the current knowledge economy, providing greater economic and financial efficiency for firms. Investments in intangible assets tend to positively correlate with business economic performance, reflecting increased competitiveness. This article evaluates the relationship between intangibility and financial performance of agribusiness companies traded on B3. Eight companies per year, the largest in terms of equity capital, were studied over the period from 2012 to 2022. The econometric assessment showed that the increase in intangibles positively affects the return on equity of the companies, although it does not explain the return on total assets. This article offers a contribution to the Brazilian empirical literature on the relationship between intangibility and profitability, particularly in agribusiness, by revealing the importance of intangible resources as determinants of companies' competitive advantages. Among the necessary caveats when interpreting estimates, even though the model is well-adjusted, are the specificities of the analyzed period and the relatively small sample size.
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