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Effect of Intellectual Capital on Market Criteria in the Performance Evaluation of Accepted Companies in Tehran SEC
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S. R. Seyednezhad Fahim   , M. Maleki , S. Yousefnezhad |
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Abstract: (8912 Views) |
| The survival of organizations is in the current business and occupational atmosphere
depends on the introducing of new products, innovation and proposing value-inducing processes based
on modern knowledge. For this, managers have to evaluate intellectual capitals as an important
criterion to improve the performance of organizations. The main propose of this research is to study
the relationship between intellectual capital and performance indicators of companies. In order to
measure the intellectual capital, the value added intellectual capital coefficient has been used which
was developed by Pulic. The sample have consists of 146 accepted companies in Tehran Stock
Exchange in a seven-year period between 2004 to 2010. The statistical methods used here were
correlation analysis and regression pooled least squares by SPSS 18 software. The results showed that
there is a meaningful relationship between intellectual capital and Return Stock, Tobin’s Q and market
to booking value (MTB). Of course the direction of this relationship and correlation to different
industries is different.
Keywords: Intellectual Capital, Return Stock, Tobin’s Q, Market To Book Value |
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Full-Text [PDF 794 kb]
(3963 Downloads)
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Type of Study: Research |
Subject:
Special
Received: 2013/03/18 | Published: 2013/03/15
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