Mohammad Mahdi Bahrololoum; Parvaneh Shamsi
Abstract
The main aim of the present study is to examine the effect of intellectual capital disclosure quality on capital cost of companies listed on Tehran Stock Exchange. Statistical population of the present study is consisted of companies listed on Tehran Stock Exchange during the time frame of 2008 to 2015 ...
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The main aim of the present study is to examine the effect of intellectual capital disclosure quality on capital cost of companies listed on Tehran Stock Exchange. Statistical population of the present study is consisted of companies listed on Tehran Stock Exchange during the time frame of 2008 to 2015 and sample volume is considered equal to 140 companies by using screening method. in this study, hybrid data is utilized. intellectual capital disclosure quality (disclosure of structural capital, disclosure of human capital and disclosure of relational capital) were considered as independent variables as well, in order to study their effect on capital cost of companies. In this study, in which panel data was used, results obtained firm data analysis by using multiple-variable regression at 95% confidence indicated that intellectual capital disclosure quality (mental capital disclosure, human capital disclosure and relationships capital disclosure) have a negative (reverse) effect on capital cost.
Seyed kazem Ebrahimi; Sadegh Sarbazi Azad
Abstract
Today's, knowledge-based economy represents a great change and shift from financial resources to knowledge. Although the role of physical and financial assets in order to achieve the organization's objectives cannot be denied, but what is important is that today's science, technology, ...
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Today's, knowledge-based economy represents a great change and shift from financial resources to knowledge. Although the role of physical and financial assets in order to achieve the organization's objectives cannot be denied, but what is important is that today's science, technology, good customer relations, information systems, those constitute organization’s Intellectual Capital, are known as key success factors in information era. It’s believed that intellectual capital, including human capital and structural capital, hasimportant and growing role in firm’s performance and effects on its financial achievements. This study examined the interactive effects of intellectual capital and its components on the value of the investment efficiency of listed companies in Tehran Stock Exchange. To do so, the information of 105 companies during 1388 to 1393 was selected from companies listed on the stock exchange. The results of the study indicate a significant and positive relationship between Interactive effects of the coefficient value added andintellectual capital and its components including efficiency of communicational and structural capital and investment efficiency on the value of the company.
sadegh sarbazi azad
Abstract
Today's knowledge-based economy represents a great change and shift from financial resources to knowledge. Although the role of physical and financial assets in order to achieve the organization's objectives can not be denied, but what is important is that today's science, technology, good customer relations, ...
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Today's knowledge-based economy represents a great change and shift from financial resources to knowledge. Although the role of physical and financial assets in order to achieve the organization's objectives can not be denied, but what is important is that today's science, technology, good customer relations, information systems,... those constitute organization’s Intellectual Capital, are known as key success factors in information era. It’s believed that intellectual capital, including human capital and structural capital, has important and growing role in firm’s performance and affects on it’s financial achievements. This study examined the interactive effects of intellectual capital and its components on the value of the investment efficiency of listed companies in Tehran Stock Exchange. To do so, The information of 105 companies during 1388 to 1393 were selected from companies listed on the stock exchange. The results of the study indicate a significant and positive relationship between Interactive effects of the coefficient value added and intellectual capital and its components including efficiency of communicational and structural capital and investment efficiency on the value of the company.
Gholamhossein Asadi; Mariya Yokhneh Alghiaee
Volume 11, Issue 41 , April 2014, , Pages 83-103
Abstract
A great change and shift from financial resources to knowledge is being experienced nowadays. Physical and financial assets are essential but not enough to reach organizational goals, instead, knowledge, technological settings, good customer relations, information systems,... those constitute organization’s ...
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A great change and shift from financial resources to knowledge is being experienced nowadays. Physical and financial assets are essential but not enough to reach organizational goals, instead, knowledge, technological settings, good customer relations, information systems,... those constitute organization’s Intellectual Capital, are known as key success factors in information era. It’s believed that intellectual capital, including human capital and structural capital, has important and growing role in firm’s performance and affects on it’s financial achievements. This paper examines the effect of intellectual capital and it’s components on firm’s financial performance. The essential data are taken from 1383 -1388 fiscal years’ annual reports of publicly traded firms listed on the Tehran stock exchange and 816 firm-years are studied. Results of hypotheses testing show that, VAIC has positive effect on the four financial performance indicators. Between VAIC components, capital employed efficiency has the most effect on firms’ financial performance.
mohammad hoseine setayesh; F kashanipour
Volume 9, Issue 36 , January 2012, , Pages 1-21
Abstract
The purpose of this study is to investigate the effect of intellectual capital components in determining the performance of listed companies in Tehran Stock Exchange. Intellectual capital components include Human Capital, Relation Capital, Innovation and Procedure Capitals. Return on Equity (ROE) ratio ...
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The purpose of this study is to investigate the effect of intellectual capital components in determining the performance of listed companies in Tehran Stock Exchange. Intellectual capital components include Human Capital, Relation Capital, Innovation and Procedure Capitals. Return on Equity (ROE) ratio of the companies was used as the surrogate for performance. The study sample consists of 56 companies during 2007-2011. Panel data method with fixed effects was applied to analyze of research data in EViews 6. The findings reveal that Research and Development Percentage (RDP) and how long companies have been registered in TSE organizations stable or OS and other variables, negatively and positively affected ROE. However, only OS variable is statistically significant in 95% certainty level.
