aAssistant Professor, Department of Accounting, Payame Noor University (PNU), P.O.Box, 19395-3697, Tehran, Iran
bMaster student of Accounting, Department of Accounting, Payame Noor University (PNU), P.O.Box, 19395-3697, Tehran, Iran
cMaster student of Accounting, Department of Accounting, Islamic Azad University, Bushehr, Iran
Online published on 4 June, 2015.
Aim of this research was investigating relationship between intellectual capital and investor's reactions. Therefore, we used 456 companies and then selected 109 companies throughout Cohcaran and random sampling. Results of research indicated that customer capital leads to higher growth of investors; therefore, there is significant relationship exists between customer capital and reactions to investors. In addition, by increasing human capital leads to higher reaction investors and consequently human capital had positive effect on reactions to investors. Moreover, there was not significant relationship between structural capital and reaction of investors. Consequently, by raising intellectual capital leads higher reaction of investors; therefore, intellectual capital had positive and significant relationship with reaction of investors.
Intellectual Capital, Human Capital, Structural Capital, Investor's reactions
