Version 1
: Received: 19 May 2024 / Approved: 20 May 2024 / Online: 21 May 2024 (14:57:46 CEST)
How to cite:
Jaqueline, V.; Moxotó, A. C. CFO’s Intellectual Capital and its Relationship with Financial Performance, An Analysis of Companies Listed on the Stock Exchange (BOVESPA). Preprints2024, 2024051314. https://doi.org/10.20944/preprints202405.1314.v1
Jaqueline, V.; Moxotó, A. C. CFO’s Intellectual Capital and its Relationship with Financial Performance, An Analysis of Companies Listed on the Stock Exchange (BOVESPA). Preprints 2024, 2024051314. https://doi.org/10.20944/preprints202405.1314.v1
Jaqueline, V.; Moxotó, A. C. CFO’s Intellectual Capital and its Relationship with Financial Performance, An Analysis of Companies Listed on the Stock Exchange (BOVESPA). Preprints2024, 2024051314. https://doi.org/10.20944/preprints202405.1314.v1
APA Style
Jaqueline, V., & Moxotó, A. C. (2024). CFO’s Intellectual Capital and its Relationship with Financial Performance, An Analysis of Companies Listed on the Stock Exchange (BOVESPA). Preprints. https://doi.org/10.20944/preprints202405.1314.v1
Chicago/Turabian Style
Jaqueline, V. and Ana Claudia Moxotó. 2024 "CFO’s Intellectual Capital and its Relationship with Financial Performance, An Analysis of Companies Listed on the Stock Exchange (BOVESPA)" Preprints. https://doi.org/10.20944/preprints202405.1314.v1
Abstract
In a business environment that is constantly changing, intellectual capital stands out as the most valuable asset for companies. Those who invest in developing their employees, especially their Chief Financial Officers (CFOs), tend to outperform their competitors. This study explores the relationship between the intellectual Capital of CFOs and the financial performance of companies listed on B3. The 100 companies with the largest capitalization listed on B3 in 2022 were analyzed, with available data on the CFO. A statistical model was applied in a cross-section analysis, considering two of the three subdivisions of Intellectual Capital: Human Capital ( experience, education, and certifications) and Relational/Social Capital ( network and reputation of the CFO). The results indicated a statistically significant relationship between CFOs' Human Capital level and the performance of the companies they manage, measured by EPS, ROA, and ROE. However, no statistical significance was found for Relational/Social Capital. This study contributes to the literature on intellectual capital and corporate finance in the Brazilian context, providing new evidence on the importance of CFOs' intellectual capital for company performance. It was observed that there are few equivalent studies in Brazil on the topic, especially about the Intellectual Capital of CFOs of companies listed on the stock exchange (BOVESPA).
Business, Economics and Management, Business and Management
Copyright:
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
