Relação da pesquisa e desenvolvimento (P&D) e a Lei do Bem das empresas de capital aberto entre os anos de 2006 e 2019

Abstract

Study on Research and Development (R&D) relating to Law No. 11,196 / 2005, known as the Lei do Bem in publicly traded companies from 2006 to 2019, the Economatica® database was used. Lei do Bem offers tax incentives to companies that invest in research and technological development and innovation, thus allowing the creation and development of technology. It was observed that in addition to R&D, the Lei do Bem can also help Brazil economically with the creation of new R&D centers and the product development process, thus improving and benefiting the R&D culture. The research was carried out in a quantitative way, on documentary research through the Explanatory Notes available in the Economatica® database and in the reports of the Ministry of Science, Technology and Innovations (MCTIC). The model and variables of the studies by Chen and Gupta (2017) were adapted, with the independent variable referring to Lei do Bem and the dependent variable referring to R&D, the result was 10% of significance for the variable Lei do Bem, in inversion of the independent and dependent variables, obtained 10% of significance for the variables related to R&D, companies' tax status and cash flow before R&D and 05% for the variable that relates the size of the company to the tax status. It was concluded that there is a relationship between R&D expenditures and the Lei do Bem, taking into account the variables used in the model, which are the Total Asset logarithm, Company size, tax status, relation of the size of the company to the tax status, debt ratio, ratio of market value to business value and cash flow before R&D.