Mofid University The Journal of Economic Studies and Policies 2423-4648 0 19 2011 06 22 The Role of Intellectual Capital in the Performance of Tehran Stock Exchange Companies The Role of Intellectual Capital in the Performance of Tehran Stock Exchange Companies 131 144 26194 10.22096/esp.2011.26194 FA Hamid Sepehdust Assistant Professor of Economics, Bu Ali University Shobeir Motiee Master student of accounting and financial management Journal Article 2010 05 26 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. 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. https://economic.mofidu.ac.ir/article_26194_e42166c93fb3bbb2644d14e7a64ef89c.pdf