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Gastos com P&D e a Expectativa de Geração de Balor nas Firmas Brasileiras
Author(s) -
Júlia Peres Tortoli,
Anelise Krauspenhar Pinto Figari,
Marcelo Augusto Ambrozini,
Marcelo Botelho da Costa Moraes
Publication year - 2020
Publication title -
base - revista de administração e contabilidade da unisinos
Language(s) - English
Resource type - Journals
eISSN - 1984-8196
pISSN - 1807-054X
DOI - 10.4013/base.2020.171.06
Subject(s) - proxy (statistics) , sample (material) , value (mathematics) , business , monetary economics , economics , econometrics , welfare economics , mathematics , physics , statistics , thermodynamics
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

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