From the standpoint of resource-based theory, intellectual capital is considered as a strategic source. In fact, the theory asserts that firms can manage to achieve high levels of competitive advantage and financial competence through effective achievement, maintenance and use of strategic resources.Based on this theory, intellectual capital, as a strategic source, allows firm to create added value. Thus, considering the role of intellectual capital in the creation of value, and based on the value-added intellectual coefficient method, the concept of added value has been used in this research as an indicator for the measurement of intellectual capital. Moreover, the research has tried to investigate the relationship between intellectual capital and firms' financial, economic and stock market performance. Using Multiple Regression model, the research was performed on the firms accepted in the stock exchange of Iran during the years between 2005 and 2009. Using firms' data, it was specified that there is a significant and positive relationship between value-added intellectual coefficient and firms' financial, economic and stock market performance. This result indicates that intellectual capital has an important role to reduce costs and to generate value for shareholders and other beneficiary groups, and those shareholders consider intellectual capital as a value-creating source.
کلید واژگان :Intellectual Capital, Added Value, Value of Stock Market, Firm's Performance
ارزش ریالی : 300000 ریال
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جزئیات مقاله
- کد شناسه : 2142591009513266
- سال انتشار : 2013
- نوع مقاله : پذیرفته شده در سایر مجلات علمی معتبر و علمی مروری و ISC
- زبان : انگلیسی
- محل پذیرش : Trends in Advanced Science and Engineering
- برگزار کنندگان :
- ISSN : 2251-6557
- تاریخ ثبت : 1393/12/18 17:38:15
- ثبت کننده : علیرضا معطوفی
- تعداد بازدید : 356
- تعداد فروش : 0