A influência do nível de intangibilidade no risco de crédito: evidências nas empresas não financeiras no mercado brasileiro

Abstract

This research aimed to analyze the influence of intangible assets in the credit relevance model, together with this it analyzed the influence of goodwill and whether the level of intangibility of companies changes the accounting information that is relevant to creditors. For this, 103 companies were analyzed in the period from 2010 to 2018. This work conducted conducted with a logistic regression model. The results obtained indicated that intangible assets and goodwill are not. In the model of credit relevance, and that by including these variables in the model, only interest coverage limits. In addition, at a lower level of intangibility the variable means the return on assets, while at the highest level of intangibility the significant variable is interest coverage. Thus, it is concluded that the intangible asset and goodwill are not relevant to the decision of the creditor and that the level of intangibility changes the accounting information that is relevant to the creditors.