The present study investigates influence of the intellectual capital on the economic performance of pharmaceutical companies accepted in Tehran stock market for. In order to investigate the intellectual capital, the method of Polk’s value added intellectual coefficient (VAIC) and also the cash value added (CVA) are used. Using multifarious regression panel- based method, the study examines the influence of each element of the intellectual added capital coefficient on the economic performance of 26 active companies in pharmaceutical industries accepted in Tehran stock market in years from 2008 to 2012. The results of the study show that the value added intellectual coefficient influence significantly on the economic performance of the pharmaceutical companies accepted in Tehran stock market is statically significant and among the intellectual capitals, the used or physical capital has the greatest influence on the economic performance.
کلید واژگان :
the intellectual capital, the value added intellectual coefficient, performance, the economic value added, the cash value added
