The Examination of Relationship between Intellectual Capital and Financial Performance According to the Modulating Role of Competitive Advantage

Azam Pourmozafari (), Forough Heyrani () and Mahmoud Moeinadin ()

International Journal of Academic Research in Accounting, Finance and Management Sciences, 2014, vol. 4, issue 1, 188-200

Abstract: Intellectual capital is a new matter that theoretically is suggested in the few recent years. This unobservable source as one of the companies’ increasing sources and a key capital in the development of entrepreneurship has been offered. Today, the necessity of development and management of intellectual capital has been converted into a serious necessity at the macro level and in the business arena. Thus, mangers need to measure their efforts of optimum use of intellectual capital on their own organization. Therefore, this research examined the relationship among the variables of intellectual capital and financial performance as well as competitive advantage in the 45 companies listed on Tehran Stock Exchange through 225 answered questionnaires from 300 sent questionnaires by managers. Additionally, data related to the performance was collected from information of companies listed on Tehran Stock Exchange and finally, data analysis and hypotheses testing were done using structural equations and factor analysis was done using LISREL software as well as multiple regressions. The results of the research indicate that there is a positive significant relationship between intellectual capital and competitive advantage, but competitive advantage does not modulate the impact of intellectual capital on the financial performance.

Keywords: Intellectual capital; Competitive advantage; Return of assets; Return of equity; Profit of per share (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://hrmars.com/hrmars_papers/Article_20_The_Exa ... een_Intellectual.pdf (application/pdf)
http://hrmars.com/hrmars_papers/Article_20_The_Exa ... een_Intellectual.pdf (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hur:ijaraf:v:4:y:2014:i:1:p:188-200

Access Statistics for this article

More articles in International Journal of Academic Research in Accounting, Finance and Management Sciences from Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences
Bibliographic data for series maintained by Hassan Danial Aslam ().