The impact of intellectual capital on returns and stock prices of listed companies in Tehran Stock Exchange
Journal Title: Applied Science Reports - Year 2014, Vol 8, Issue 3
Abstract
Intellectual capital is an asset that measures an organization's ability to create wealth. The asset has no objective and physical nature and is an intangible asset that has been obtained through using of assets related to human resources, organizational performance, and organization’ external relations. Study the effects of intellectual capital on profitability, will review return on equity, earnings per share, the stock price on the company’s shares profit and the ratio of market value to book value of listed companies on the Stock Exchange. Statistical population of the research are the listed companies in Tehran Stock Exchange, which has been active since 2007 until 2010 in stock. Models function of the study is first degree and linear, so analysis is done in a linear regression form. To assess the significance of independent variables coefficient in each model t-statistic is used and based on the results of the statistical significance of whole regression according to f-statistic, it will decide to approve or reject hypotheses in the 95% confidence level. In order to check the normality of the dependent variable and independence of errors it is used of Kolmogorov-Smirnov Test, and Durbin-Watson d- statistic, respectively. The results showed that there is a significant positive relationship between intellectual capital (IC) and return on assets indicator (ROAi), return on equity (ROEi) and Tobin’s Q ratio of companies.
Authors and Affiliations
Azar Sharbatdar A'layi
Keywords
Related Articles
- EP ID EP89072
- DOI 10.15192/PSCP.ASR.2014.4.3.150160
- Views 168
- Downloads 0
Determination Of Thermo-Physical Properties Of Forty Day Incubation Cattle Dung Biogas
This paper dwells on the determination of some thermo-physical properties of cattle dung biogas. Such properties include the specific biogas constant (R), the specific heat capacities at constant volume (Cv) and co...
Effect of fortifying Aflatoxin-contaminated feeds with Ugandan bentonite on performance of broiler birds
One hundred fifty day-old commercial broiler chicks were reared in six groups with each group containing 25 chicks. The chicks were maintained on two diets namely BSA: broiler starter feed containing 25-35 ppb of a...
Occurrence Of Malaria In Khwazakhela District Swat Pakistan
Aim of the current study was to find out the occurrence of malaria among the local population visited to health care center and aware the peoples about malarial disease and update its epidemiology. The present surv...
The Study of Compatibility, Individuation and Marital Satisfaction of Spouses in Incompatible and Normal Families
The aim of this study was to examine the compatibility and individuation of spouses in discordant and normal families in Arak city. The statistical universe of this research includes all the spouses living in Arak city i...
Design and evaluation of a cleaning machine
A device for cleaning threshed seeds was been developed. The cleaning system consists of an air – blast fan and a reciprocating shaker containing replaceable sieve for different crop seeds and a collecting pan. The per...