A Study on Relationship between Intellectual Capital and Refined EVA in Insurance Companies as Member of Tehran Stock Exchange
Journal Title: International Journal of Finance and Managerial Accounting - Year 2018, Vol 3, Issue 9
Abstract
Considering necessity of recognizing the knowledge-based economy and achieving its foundations in Iran, the main issue of this research is to clarify the relationship between intellectual capital and Refined EVA in insurance companies which are member of Tehran Stock Exchange. In this research, the Refined EVA index was used to evaluate and measure the intellectual capital of the Palick model and also to quantify the economic performance. Accordingly, information about 15 insurance companies during the period of 2011-2016 was analyzed to examine the relationship between these variables. The collected data are calculated using Excel software and analyzed with Eviews®. The results indicated that there is a significant and positive relationship between the components of intellectual capital (human capital, physical capital, and structural capital) with Refined EVA; as an issue that has a decisive role in the success or failure of companies in competitive markets.
Authors and Affiliations
Mohammad Hamed Khanmohammadi, Davood Gorjizadeh, Sanaz Ghalami
Keywords
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