Relationship between intellectual capital with productivity and market value added in Tehran Stock Exchange
by Mahmoud Mousavi Shiri; Khadijeh Mousavi
International Journal of Learning and Intellectual Capital (IJLIC), Vol. 12, No. 4, 2015

Abstract: The present study aims to examine the relationship between intellectual capital with productivity and market value added of listed companies on the Tehran Stock Exchange. To measure intellectual capital efficiency the value added intellectual coefficient method and to evaluate intellectual capital value the calculated intangible value method are employed. The results of the study indicate that value added intellectual coefficient and its components have a significant and positive relationship with productivity and market value added of companies. Further, only in fixed effects model is there a significant and positive relationship between calculated intangible value and productivity of firm. Further, the simultaneous effect of calculated intangible value and components of value added intellectual coefficient on productivity and market value added of firm the result of statistical tests indicate that separate from size of firm and financial leverage, the only factors which have effect on productivity would be capital employed efficiency.

Online publication date: Sat, 03-Oct-2015

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