Univrsity Of Tehran Press Accounting and Auditing Review 2645-8020 22 4 2016 01 21 The relationship between intellectual capital, adjusted economic value added and stock liquidity The relationship between intellectual capital, adjusted economic value added and stock liquidity 541 560 56251 10.22059/acctgrev.2016.56251 FA Mohammad Reza Nikbakht Associate Professor, Faculty of Management, University of Tehran, Tehran, Iran 0000-0001-7909-4967 Ghorban Eskandari PhD Student, Faculty of Management, University of Tehran, Tehran, Iran Journal Article 2014 06 08 Despite numerous studies on intellectual capital, the indirect effect through economic value adjustment on stock liquidity has not been considered. This research is trying to fill this gap. The aim of this study was to determine the relationship between intellectual capital indirectly through mediator (EVA modified) liquidity of the stock. The statistical population included the companies listed on Tehran Stock Exchange over the period of 2003 to 2013. The results show that intellectual capital  significantly affects adjusted economic value added. The indirect effect of structural funds and communication through Adjusted Economic Value Added on the liquidity of the stock is positive and significant. But human capital is not transferred to liquidity through justified economic value-added justified but it directly affects stock liquidity. Despite numerous studies on intellectual capital, the indirect effect through economic value adjustment on stock liquidity has not been considered. This research is trying to fill this gap. The aim of this study was to determine the relationship between intellectual capital indirectly through mediator (EVA modified) liquidity of the stock. The statistical population included the companies listed on Tehran Stock Exchange over the period of 2003 to 2013. The results show that intellectual capital  significantly affects adjusted economic value added. The indirect effect of structural funds and communication through Adjusted Economic Value Added on the liquidity of the stock is positive and significant. But human capital is not transferred to liquidity through justified economic value-added justified but it directly affects stock liquidity. https://acctgrev.ut.ac.ir/article_56251_59c82c6012f40077d1cda1f69cd3a4a5.pdf