Asian Journal of Research in Banking and Finance
  • Year: 2015
  • Volume: 5
  • Issue: 11

Investigating the Relationship between Intellectual Capital and Firm Value in Tehran Stock Exchange

  • Author:
  • Abolfazl Ghadiri Moqaddama, Hasan Mohammadib, Masoumeh Qaenatic, Ali Sadeqi Nasabd, Seyyed Reza Dabirie, Neda Asadollah Nezhadf
  • Total Page Count: 8
  • Page Number: 78 to 85

aPHD., Department of Accounting, Mashhad branch, Islamic Azad University, Mashhad, Iran

bM.A Student, Department of Accounting, Mashhad Branch, Islamic Azad University, Mashhad, Iran

cM.A Student, Department of Accounting, Mashhad Branch, Islamic Azad University, Mashhad, Iran

dM.A Student, Department of Accounting, Mashhad Branch, Islamic Azad University, Mashhad, Iran

eM.A Student, Department of Accounting, Mashhad Branch, Islamic Azad University, Mashhad, Iran

fM.A Student, Department of Accounting, Mashhad Branch, Islamic Azad University, Mashhad, Iran

Online published on 9 November, 2015.

Abstract

This article aims to investigate the relationship between intellectual capital and firm value, using the control variables of firm size and financial leverage. In this research, for data collection, the information related to 50 companies listed in Tehran Stock Exchange during 2009 to 2013 (250 year-firm) has been used. Also, panel data method has been applied for analyzing the statistical data. EVIEWS software 7 and STATA version 12 were employed for research tests. The results indicate that there is a significant relationship between human capital, structural capital and intellectual capital with firm value; but no significant relationship exists between physical capital and firm value.

Keywords

Intellectual capital, human capital, structural capital, physical capital