Value relevance do nível de evidenciação do ativo intangível nas companhias de capital aberto brasileiras.

This paper aimed to verify the influence of the level of disclosure of the intangible asset in the value relevance of Brazilian public companies. The research sample is composed of the publicly traded companies with intangible assets above zero that compose the portfolio from May to August 2017 of the ÍBRx100 in B3, totaling a sample of 75 companies. To measure the level of disclosure of the intangible asset, a metric was elaborated from CPC 04 R1 (2010), composed of 14 items, while the relationship was made through multiple regression. Data were collected through the explanatory notes included in the consolidated annual Financial Accounting Statements for 2016. The results showed an average disclosure level of 62.93%, the difference between the largest and smallest was 90,91%. In relation to the influence of the intangible asset in the value relevance was statistically significant, with an explanatory power of 38.09%. [ABSTRACT FROM AUTHOR]