The Journal of Economic Studies and Policies

The Journal of Economic Studies and Policies

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

Document Type : Original Article

Authors
hamid sepehdust 1
Shobeir Motiee 2
1 Assistant Professor of Economics, Bu Ali University
2 Master student of accounting and financial management
10.22096/esp.2011.26194
Abstract
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.
Keywords
intellectual capital
Knowledge Based Economy
Stock Exchange
Value Added

  1. 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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