Intellectual capital and financial performance of companies listed in the Tehran stock exchange
by Mehrabi Amin; Hemmati Hasan; Rahimian Nezamoddin; Hong Pew Tan
International Journal of Learning and Intellectual Capital (IJLIC), Vol. 11, No. 1, 2014

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.

Online publication date: Fri, 30-May-2014

The full text of this article is only available to individual subscribers or to users at subscribing institutions.

 
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.

Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.

Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Learning and Intellectual Capital (IJLIC):
Login with your Inderscience username and password:

Username:        Password:          Forgotten your password?

Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.

If you still need assistance, please email subs@inderscience.com