The Impact of Intellectual Capital on Profitability, Liquidity, and Growth Rate Criteria of Companies Listed in Tehran Stock Exchange in Current and Future Periods

Document Type : Research Paper

Authors

1 Member of Scientific Board of Accounting Department of Payame Noor University of Zanjan

2 Master of Science in Accounting and lecturer at the University

Abstract

The intellectual capital is defined as a set of the company’s strategic sources, and in the current Knowledge-Based Economy is considered as an indispensable part of the Value Creation Process of the company. In this study, initially, the value of the intellectual capital of the listed companies in Tehran stock exchange was computed based on the value added intellectual coefficient for the 9 -yearly period from 1385 to 1393. Then, its relationship with the companies’ performance evaluation criteria including profitability, liquidity, and growth rate criteria, was evaluated via multiple regression models in the current period and future periods. The results of the evaluation suggest that the relationship between intellectual capital and profitability criteria in the current period and future periods was statistically significant. However, for the sample companies, no significant relationship was found between the intellectual capital, cash flow, and growth rate criteria in the current and future periods. 

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References

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History

  • Receive Date: 23 December 2014
  • Revise Date: 20 May 2016
  • Accept Date: 23 May 2016

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