نقش سرمایه فکری در عملکرد شرکت‌های بورس اوراق بهادار تهران

نوع مقاله: مقاله پژوهشی

نویسندگان

1 دانشگاه بو علی سینا

2 دانشجوی کارشناسی ارشد حسابداری و مدیریت مالی

10.22096/esp.2011.26194

چکیده

 این مقاله سعی دارد به بررسی ارتباط میان سرمایه فکری با جریان‌های نقدی عملیاتی و ارزش افزوده خالص به عنوان شاخص‌های ارزیابی عملکرد شرکت‌های پذیرفته شده در بورس اوراق بهادار تهران طی سال‌های (1386-1383) بپردازد. داده‌های مربوط به این دوره و همچنین اطلاعات مورد نیاز جهت اندازه‌گیری سرمایه فکری با استفاده از اطلاعات مندرج در صورت‌های مالی شرکت‌های مورد مطالعه و مراجعه به پایگاه اطلاعاتی سازمان بورس اوراق بهادار مربوط به سال‌های مورد نظر به دست آمد. جهت بررسی ارتباط میان سرمایه فکری،‌‌ جریان‌های نقدی عملیاتی و ارزش افزوده شرکت‌ها،‌‌ از فرم تبدیل شده تابع تولید کاب - داگلاس و برای بررسی معنی‌دار بودن رابطه علت و معلولی دو طرفه بین متغیر‌های توضیحی مستقل و وابسته از آزمون علیت گرنجری استفاده شد‌. نتایج به دست آمده از تخمین مدل برای شرکت‌های منتخب نشان می‌دهد که در دوره مورد مطالعه، بین جریان‌های نقدی عملیاتی‌،‌‌ سرمایه فکری و ارزش افزوده رابطة‌ مثبت و معنی‌داری وجود داشته و به طور کلی در یک اقتصاد دانش محور،سرمایه فکری به عنوان مهم‌ترین مزیت رقابتی و تأثیر‌گذار بر روی عملکرد سازمانی شناخته می‌شود.

کلیدواژه‌ها


عنوان مقاله [English]

The Role of Intellectual Capital in the Performance of Tehran Stock Exchange Companies

نویسندگان [English]

  • null null 1
  • Shobeir Motiee 2
چکیده [English]

The present study attempts to assess the relationship between Intellectual Capital, operational cash flow and net value added of companies admitted in Tehran stock exchange during the period 2004-2007 Related data are collected from Tehran stock exchange database and also annual financial statements of the above mentioned companies for the same period. Transformed logarithmic form of Cob Douglas production function and also pair wise Granger causality tests have been applied to investigate the relationship between intellectual capital, before taxation profit, operational cash flow and value added. Results indicate that there is a positive and significant relationship between intellectual capital, before taxation profit, operational cash flow and value added of the companies enlisted in Tehran stock exchange during the period of study.

کلیدواژه‌ها [English]

  • intellectual capital
  • Knowledge Based Economy
  • Stock Exchange
  • Value Added

الف- فارسی

1.         رحمانی، تیمور؛ حیاتی، سارا؛ «بررسی اثر فناوری اطلاعات و ارتباطات بر رشد بهره‌وری کل عوامل تولید: مطالعه بین کشوری»، فصلنامه پژوهش‌های اقتصادی ایران، 1386، شماره 33.

2.         شاه‌آبادی، ابوالفضل؛ کمیجانی، اکبر؛ «بررسی اثر فعالیت‌های R&D داخلی و خارجی (از طریق تجارت خارجی) بر بهره‌وری کل عوامل تولید»، پژوهشنامه بازرگانی، 1380، شماره 5 (18).

3.         شاه‌آبادی، ابوالفضل؛ «اثر سرمایه‌گذاری مستقیم خارجی، تجارت بین‌الملل و سرمایه انسانی بر بهره‌وری کل عوامل اقتصاد ایران»، دو فصلنامه جستارهای اقتصادی، 1386، شماره 4 (7).

4.         طیبی، سید کمیل؛ عمادزاده، مصطفی؛ شیخ بهایی، آزیتا؛ «تأثیر صادرات صنعتی و سرمایه انسانی بر بهره‌وری عوامل تولید و رشد اقتصادی در کشورهای عضو OIC»، فصلنامه اقتصاد مقداری، 1387، شماره 5 (2).

5.         محمودزاده، محمود؛ اسدی، فرخنده؛ «اثرات فناوری اطلاعات و ارتباطات بر رشد بهره‌وری نیروی کار در اقتصاد ایران»، پژوهشنامه بازرگانی، 1386، شماره 11 (43).

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