INVESTIGATING THE IMPACT OF INTELLECTUAL CAPITAL MANAGEMENT ON ORGANIZATIONAL FINANCIAL PERFORMANCE
Journal Title: Asian Journal of Management Sciences and Education - Year 2018, Vol 7, Issue 2
Abstract
Measuring the performance of companies is in fact the most powerful and essential management system in managing modern organizations and It is important for organizations to be aware of how well the organization's performance is to achieve its goals and where the organization's position is in today's complex and dynamic environment. Today, the success of organizations depends on the effective use of human resources, which, in comparison with other resources of organization, are more privileged with a dynamic, viable and independent nature. Intellectual capital, including knowledge, experience, personal skills, good relationships and technology capability, is an important source of competitive advantage and a key factor in corporate profitability. In this regard, 84 active companies in the stock market were selected through systematic sampling during the period from 2011 to 2016 and classified by EVIEWS software and then processed in EXCEL environment. The model used in this research was also the Palick model (value-added coefficient of intellectual capital). The results indicated that there is not a meaningful relationship between intellectual capital and Tobin's Q ratio (as a performance index). On the other hand, the results indicate that there is a meaningful relationship between intellectual capital and two other indicators of financial performance (price ratios to earnings per share and growth rate). Also, with a closer look at the components of the Palick model, it can be concluded that after the employed physical and financial capital, human capital is most closely associated with the growth rate index.
Authors and Affiliations
Mahdi Haghshenass Rezaiie, Ahmad Souri, Mohammad Bagheri Manesh, Hadi Asadbaghi
Keywords
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