The Relationship between the Value Added Intellectual Capital and the Financial, Economic and Stock Market Performance of Companies Listed in the Stock Exchange of Iran

Document Type : Research Paper

Authors

1 M.Sc. in Accounting, Payam-e-Noor University, Yazd, Iran

2 Ph.D. in Human Resource Management, University of Tehran, Tehran, Iran

Abstract

Abstract: The intellectual capital (IC) is viewed by resource-based theory as a strategic resourcethat allows companies to create value added (VA).Taking into consideration the role played by IC in value creation, this paper analyses the role of value added (VA) as an indicator of IC, and its impact on the firm’s financial, economic and stock market performance. The investigation of the companies listed on the Stock Exchange during the years 2006 to 2009, using multiple regression analysis was performed. The results show that there is Positive and significant relationship between the value added intellectual capital and firm’s financial, economic and stock market performance.
 
 

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References

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