Examine the relationship between intellectual capital and market value and the financial performance of privatized public companies listed on the Tehran Stock Exchange

Document Type : Research Paper

Authors

Assistant Professor and management of accounting science and research in Kermanshah

Abstract

Today, Intellectual capital is the main operating profitability and maintains corporate competitive advantage. In today's knowledge-based world, knowledge assets and intellectual capital is the company's profitability and maintain competitive advantage. The importance of intellectual capital and the difference between book value and market value of companies is obvious. Therefore, the present study examined the relationship between intellectual capital and market value and the financial performance of accepted public companies listed on the Stock Exchange of Tehran. For measuring intellectual capital Value added intellectual coefficient (Pulic model) is used. The study period of 1393-1385 and the selected sample consisted of 59 accepted public companies listed on the Tehran Stock Exchange. The results show that human capital performance relative to other components of intellectual capital has the greatest impact on the market value of the company. Also, capital efficiency coefficient is positive and significant impact on financial performance.

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References

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History

  • Receive Date: 30 October 2016
  • Revise Date: 16 August 2017
  • Accept Date: 15 March 2017

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