An analysis of the relationship between intangible assets and risk disclosure among B3’s financial companies
DOI:
https://doi.org/10.17524/repec.v18i1.3292Keywords:
Intangible assets, Disclosure of risk, Financial sectorAbstract
Objective: To analyze the relationship between intangible assets and risk disclosure in financial companies listed on B3.
Methods: The sample comprised 78 financial companies traded on B3 between 2015 and 2019. A quantitative approach was adopted along with descriptive statistics, the test of the difference between the means, correlation, and multiple linear regression with panel data for data analysis.
Results: The results showed differences in financial, non-financial, and general risk disclosure means between intangible-intensive and tangible-intensive companies. Additionally, the regression estimates indicated a positive influence of intangible assets on the companies’ risk disclosure. The results indicate that intangibility contributes to more transparent information about financial, non-financial, and general risks in financial companies listed on B3, favoring the adoption of strategies aimed at maximizing their economic value.
Contributions: This study’s findings expand the discussion on intangible assets and risk reporting. Additionally, managers may see how the representativeness and structure of intangibles can be used to guide practices associated with disclosing risks to external stakeholders and understand how to manage such assets to create and maintain a company’s economic value.
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