Intellectual capital and financial performance of companies listed in the Tehran stock exchange

Mehrabi Amin, Hemmati Hasan, Rahimian Nezamoddin and Hong Pew Tan

International Journal of Learning and Intellectual Capital, 2014, vol. 11, issue 1, 71-90

Abstract: The purpose of this paper is to investigate the association between the IC of firms and their financial performance. This paper uses the Pulic framework, has a Middle-East focus and draws on data from 146 publicly listed companies on the TSE. It is an empirical study using multiple regression for the data analysis. This paper tests four elements of IC and company performance. The findings show that IC and company performance are positively related; IC is correlated to future company performance; the rate of growth of a company's IC is positively related to the company's performance; and the contribution of IC to company performance differs by industry. The data sample used for this research is restricted to 146 companies listed on the TSE between the years 2004 and 2008. IC is an area of interest to numerous parties, including shareholders, institutional investors, scholars, policymakers and managers. This paper provides additional empirical evidence of the contribution of IC to companies' performance in Iran.

Keywords: intellectual capital; firm performance; VAIC™; regression analysis; financial performance; Iran. (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:ids:ijlica:v:11:y:2014:i:1:p:71-90

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