Value Relevance of Intangible Assets Recognized in a Business Combination

Objective: To verify the value relevance of intangible assets recognized in a business combination Brazilian publicly traded companies.Method: The sample 165 companies, covering 962 observations, from 2010 to 2017, was analyzed using five panel data regressions based on Ohlson’s model (1995; 2005) test four research hypotheses.Originality/Relevance: Value studies have goodwill, but there are gaps this study seeks fill. addresses intangibles for stock market, exploring goodwill and other types combination. Also, IFRS 3 discussed 2015, bringing market’s perspective standard application center accounting research.Results: results showed that represents 23% 30% recorded balance sheet, while identified represent around 5.6%. As relevance, it observed both and, when segregated assets, were significant positively related market value. Concerning nature combinations, some them value.Theoretical/Methodological contributions: contributes literature allowing us understand they relevant contribute companies’