%0 Journal Article
%T INTELLECTUAL CAPITAL AND VALUE CREATION IN THE METAL PRODUCTS MANUFACTURING SEGMENT CAPITAL INTELECTUAL E CRIA  O DE VALOR NO SETOR DE FABRICA  O DE PRODUTOS DE METAL
%A Joao Francisco Aguiar
%A Leonardo Fernando Cruz Basso
%A Herbert Kimura
%J Future Studies Research Journal : Trends and Strategies
%D 2010
%I Funda??o Instituto de Administra??o
%R 10.7444/future.v1i2.25
%X The historical evolution of the ratio of investments in intangible assets over GNP in the US economy from 1959 to 2007 每 which reached 8 to 10% in 2007 - indicates a positive long term trend that is as relevant as the rate of investments in tangible assets in terms of the GNP, during the same timeframe.  The most surprising fact however, was the expansion beyond expectations over the last 40 years. According to international researchers, this trend is due to a combination of a series of causes, such as the financial globalization, market deregulation and exponential growth of technological changes, rousing the interest of entrepreneurs, scholars and researchers in becoming acquainted with indicators, classifying and ideating these so as to comprehend the value creation  process within companies. The purpose of this line of research was to test Pulic∩s Value Added Intellectual Coefficient Model (2000), so as to evaluate its significance in creating value, as applied to the Metal Products Manufacturing segment, utilizing an adjusted data base obtained from the Brazilian Geography and Statistics Institute∩s (IBGE) Annual Industrial Research (PIA) for the period 2000 to 2006, comprising companies with more than 100 employees throughout Brazil, resorting to a panel of static data. Results obtained demonstrate a positive relationship between VAIC and value creation as well as between the Calculated Intangible Value 每 CIV, (explanatory variable) and value creation. Key-Words:  Intellectual Capital. VAIC. Value Creation. IBGE (Brazilian Geography and Statistics Institute).  A evolu  o hist車rica da taxa dos Investimentos em Ativos Intang赤veis pelo Produto Nacional Bruto, no per赤odo de 1959 a 2007, na economia dos EUA, mostra uma tend那ncia positiva a longo prazo, alcan ando o porcentual de 8 to 10% em 2007, t o importante quando a taxa dos Investimentos em Ativos Tang赤veis pelo PNB, na mesma data. O que surpreendeu 谷 o crescimento al谷m das expectativas, nos 迆ltimos 40 anos. De acordo com pesquisadores internacionais essa tend那ncia 谷 devido a uma combina  o de uma s谷rie de causas, a exemplo da globaliza  o financeira; da desregulamenta  o dos mercados e do exponencial crescimento das altera  es tecnol車gicas, levantando o interesse de empres芍rios, acad那micos e pesquisadores em conhecer classificar e criar indicadores para entender o processo de cria  o de valor nas empresas. O prop車sito da corrente pesquisa foi o de testar o Modelo do Coeficiente Intelectual do Valor Adicionado de Pulic (2000), com o objetivo de avaliar a sua significancia na cria  o de valor, aplic
%U http://www.revistafuture.org/index.php/FSRJ/article/view/25