Title: The effect of intellectual capital on the relationship between the governance structures of directors' board of listed companies in Tehran stock exchange

Authors: Mohammad Esmaeili; Mojtaba Salehi; Mohammad Ahmadi

Addresses: Firouzabad Islamic Azad University, Fars, 772,773, Booshehr, Iran ' College of Accounting, Beyza Islamic Azad University, Fars, 772,773, Booshehr, Iran ' Firouzabad Islamic Azad University, Fars, 772,773, Booshehr, Iran

Abstract: Intellectual capital of firms is the combination of human, structural, and physical capital. Therefore, having control over these assets enable the organisation to have effective internal governance and also a successful foreign relation with customers, suppliers and others. This study has investigated the effect of intellectual capital on the relationship between structural governing of board governance and perceived firm's financial performance in Tehran stock exchange in the years 2009-2011. The present study is applied research. Eviews 7 software is used for calculation and analysis of collected data. The results showed that governing structure of the board governance has a positive significant relationship on intellectual capital. Also, intellectual capital has a positive significance on the relationship between governing structures of board governance and perceived firm's performance in Tehran stock exchange. So, with an emphasis on size, combination, and rate of board independence can significantly increase intellectual capital ratio and consequently the firm's performance.

Keywords: intellectual capital; board governance; directors' board; Tehran stock exchange.

DOI: 10.1504/IJLIC.2018.091970

International Journal of Learning and Intellectual Capital, 2018 Vol.15 No.2, pp.137 - 155

Received: 09 Apr 2017
Accepted: 24 Sep 2017

Published online: 21 May 2018 *

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