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HUMAN CAPITAL AND THE ECONOMICAL-FINANCIAL DEVELOPMENT OF BRAZILIAN COMPANIES OF THE ELECTRIC INDUSTRY

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Author(s): Jonas Ismael da Silva | Clea Beatriz Macagnan | Tiago Wickstrom Alves | Francisco Zanini

Journal: Advances in Scientific and Applied Accounting
ISSN 1983-8611

Volume: 6;
Issue: 1;
Start page: 31;
Date: 2013;
Original page

Keywords: Human capital | Economical-financial | Resource Based View

ABSTRACT
This paper characterize as empiric study about intangible resources, based in the theory Resource Based View of the Firm (RBV) with the objective of analyzing if relationship exists among the investment in human capital and the economical-financial development of the companies of the electric section, with striped actions in the Brazilian stock exchange. The universe of 26 Brazilian companies of the electric industry, in the period from 2001 to 2008, a sample of 184 representative elements was analyzed. The methodology was of OSM, with data in panel. For representation of the explanatory variable on intangible resources was used Value Added Intellectual Coefficient - VAICTM coefficient, proposed by Pulic (2000). The obtained results are statistically significant, the one that makes possible infer that the companies that invested more in human capital those that obtained better economical-financial acting were. This study, considering the electric segment, it supplies empiric evidences that the companies that invest in human capital and financial capital can obtain better economical-financial acting.
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