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Statistical analysis of the Impact of Intellectual Capital elements on future Performance: A Case Study of Tehran Stock Exchange

Author Affiliations

  • 1 Department of accounting, Malayer Branch, Islamic Azad University, Malayer, IRAN

Res. J. Recent Sci., Volume 3, Issue (12), Pages 131-137, December,2 (2014)

Abstract

This research aimed toinvestigate the relationship between intellectual capital elements (human capital, customer capital and structural capital) and future performance of the listed companieson Tehran Stack Exchange. The Pulic Model was used for the intellectual capital and the EVA, P/E, Q, GR and ROA for the performance of the companies. Data required for calculating VAIC were collected from the annual reports of 111companies listed in Tehran Stock Exchange during the years 2007-2012. The statistical test used for data analysis was liner multiple regressions. Eviews6 software was used for test the hypotheses. The results of this study confirmed that there is a significant relationship between intellectual capital and two of thefinancial performance indexes, namely P/E and GR. But no relationship was observed between intellectual capital and Tobin Q index of financial performance.

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