TITLE

A study on the effect of intellectual capital on firm performance: Evidence from Tehran Stock Exchange

AUTHOR(S)
Vazifehdoust, Hosein; Khajenasir, Mahmoud Reza; Karami, Hosein
PUB. DATE
March 2014
SOURCE
Management Science Letters;2014, Vol. 4 Issue 3, p559
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The aim of this paper is to analyze the effect of intellectual capital on firm performance. The proposed study uses two regression models to find out whether there is any meaningful relationship between intellectual capital and Tobin's Q as well as earnings per share (EPS). To test the research hypothesis, a sample of 19 companies listed in Tehran Stock Exchange over the period 2010-2012 based on panel method is chosen. The study uses the method originally proposed by Pulic to measure intellectual capital. The results of the implementation of two regressions analysis indicate that there were not any meaningful relationships between these two components. Therefore, the results indicate that the intellectual capital has no effect on firm performance.
ACCESSION #
94681570

 

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