Download or read book Investigate of Relationship Between Components of Intellectual Capital and Financial Performance in Listed Companies in Tehran Stock Exchange with Using of Pulic Model Modified written by Davoud Khanhossini and published by . This book was released on 2018 with total page 1 pages. Available in PDF, EPUB and Kindle. Book excerpt: The rapid growth of knowledge and Increased use of major economic institutions of science and technology for wealth creation in recent decades, Finance researchers have attempted that to study in distinct characteristic of the successful companies, trying in modeling for other enterprises. One of the results of this research indicate that there is capital as the intellectual capital in the leading companies that by variety of tools and techniques are identified and evaluated. One such tool that is largely consistent with accounting principles approach is pulic model.Therefore, in this study we intend to investigate the relationship between intellectual capital (pulic model and pulic model modified) and financial performance of listed companies in Tehran stock exchange will action. We will also continue to compare the two models.Research findings show that, there is a significant relationship between intellectual capital and financial performance and also Research findings show that pulic modified model than pulic model has a higher correlation with financial performance.

Download or read book Investigating of Relationship Between Intellectual Capital and Financial Performance of Petrochemical Companies Listed in Tehran Stock Exchange written by Samira Sarmadi and published by . This book was released on 2013 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt: Today, the role of intellectual capital in the profitability and competitive advantage of companies is more than financial capital. The main purpose of this paper is to raise an awareness of intellectual capital among Petrochemical Companies listed in Tehran Stock Exchange. Also, this study emphasis on empirical evidence of the relationship between intellectual capital and companies' profitability indicators. Measuring the intellectual capital with Pulic's model and for measuring the companies' profitability, return on assets and return on equity are used. The time domain is between 2008 until 2012 and to test hypotheses and analyze data panel regression, least squares (LS) is used. Research findings show that there is significant relationship between intellectual capital and two performance indicators (return on equity and return on sales) in Petrochemical Companies listed in Tehran Stock Exchange. Also, our findings show that among component of intellectual capital, structural capital efficiency has most relationship with financial performance indicators and so among the financial performance indicators, return on sales (ROS) has most relationship with component of intellectual capital.

Download or read book Investigating the Relationship Between Intellectual Capitals in Improving Financial Performance Companies Listed in TSE written by Ghodratallah Talebnia and published by . This book was released on 2018 with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt: The rapid growth of science and the growing use of science and technology by large firms of science and technology to create wealth in recent decades, financial researchers have been pushing for research on the distinctive characteristics of successful firms to model other economies. One of the results is the relationship between intellectual capital and financial performance of companies. Therefore, in this research, we intend to investigate the relationship between intellectual capital and financial performance of companies listed in Tehran Stock Exchange between 2006 and 2016. Findings showed that there is a significant relationship between intellectual capital and financial performance of the company.

Download or read book Investigating the Effect of Value Added as an Intellectual Capital Index on the Performance of Corporation written by rahim bonabi ghadim and published by . This book was released on 2020 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt: The main propose of this research is the analyses of value added rule as an intellectual index on the financial, economical and stock market performance of corporations at this research the effect of value added (intellectual capital and used capital) on the financial, economical and stock market of corporation in Tehran exchange commission through the 2006 until 2012 with the method of regression has survived. Results show that the coefficient of intellectual capital value added is effective at corporation performance although among the coefficient of intellectual capital and financial and economical performance is meaningful relationship but there is not meaningful relation among used capital corporation performance that is arising from not being relation among value added coefficient and financial, economical and market performance of corporations.So we can conclude that intellectual capital value added in comparison with used capital value added has more and important effect on corporation performance especially at financial and economical performance.

Download or read book Evaluation of the Impressionability of Managerial Performance and Risk Management From Intellectual Capital Strategies in the Companies Listed on the Tehran Stock Exchange Market written by Alireza Ahangar and published by . This book was released on 2019 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This research sought to evaluate the effectiveness of management performance and risk management from intellectual capital strategies in the companies listed in Tehran stock exchange. In this paper, management performance is measured according to Tobin model (2006) and intellectual capital according to Pulic model (2004) and risk management according to Towers Watson's model. Generally, it was conducted to investigate the significant relationships among dependent variables in the companies and suggests that the companies with higher level of intellectual capital and risk management could experience management performance with higher quality. The expectations of future investors are considered as the main factors in determining the companies' efficiency. Also, it could be concluded that human capital and structural capital have more intervention in investors' decisions. Using financial lists information of 102 companies listed on Tehran Stock Exchange Market during 1388-1392 and applying multivariable linear regression analysis, the results suggested that there is a significant and positive relationship among management performance and risk management and intellectual capital strategies.

Download or read book Managing Intellectual Capital written by David J. Teece and published by Oxford University Press, USA. This book was released on 2000 with total page 311 pages. Available in PDF, EPUB and Kindle. Book excerpt: The astute management of technology is essential for firms who wish to compete within the new economy. In this in-depth study, David Teece considers how firms can exploit technological innovation, protecting their intellectual capital, while staying ahead of the competition.

Download or read book The Survey of Relationship Between Efficiency of Capital Intellectual and Investment Opportunity Set of Companies Listed in Tehran Stock Exchange written by rahim bonabi ghadim and published by . This book was released on 2020 with total page 1 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study aims at analyzing and determining the relationship between the effectives of Capital Intellectual and beneficial investment opportunity set in 81 Companies of listed in Tehran stock exchange during 85-90 yers. In the analysis of the relationship between the variables and proving the hypothesis of the study, correlation method (simple regression and multiple regression) was used. The result show that there was significant relationship between the human capital, structural capital and employed capital efficiency with beneficial investment opportunity set, also there wasn't any relationship between the effectives of Capital Intellectual and ratios of EPS-to-P. so that there was significant relationship between effectives of Capital Intellectual and beneficial investment opportunity set. This means that the efficiency of human capital, structural capital and employed capital can be utilized as a valuable resource for profitable investment opportunities for companies to take account. It can be concluded that the effectives of intellectual capital, is a potentially benchmark for measuring and reporting of beneficial investment opportunity set.

Download or read book An Auditing Impact of Components of Intellectual Capital on the Financial Performance of Pharmaceutical Companies Accepted in Tehran Stock Exchange written by Yahya Hassas Yeganeh and published by . This book was released on 2014 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Relationship Between the Cash Cycle and Capital Structure of Listed Companies in Tehran Stock Exchange written by Mohammad Aliari Erdi and published by . This book was released on 2015 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: Cash was one of the main sources for the survival of the company. And it seems any company without access to right cash will benefit from the optimal performance. Previous research shows companies that are suitable in terms of liquidity that are more in profits and achieve higher financial performance have succeeded. In this study we aimed to investigate the relationship between cash cycle and capital structure of listed companies in Tehran Stock Exchange Information to the Audited Financial Statements Extracted companies listed on the Stock Exchange. Total of 594 firms -- year period between 1387 till 1392. The hypotheses were tested using SPSS software. The results showed that the correlation between cash and capital structure exists cycle.

Download or read book The Study of Issuance of Stocks in Venture Companies Listed in Tehran Stock Exchange written by Ali Amiri and published by . This book was released on 2019 with total page 13 pages. Available in PDF, EPUB and Kindle. Book excerpt: In order to implement the profitable projects, achieve the maximum efficiency, and increase their shareholders, companies may use different types of financial resources in different ways. The ability of companies to identify the internal and external resources for providing capital and financial programs is considered as one of the main factors that affects on the growth and development of the companies. Financing resources and their usage volume are factors that affect on the companies' operating performance. In this regard, companies and economic institutions can be financially provided from both inside and outside. Companies can issue and sell new common stocks to investors to provide their required financial resources. This study was conducted to investigate the issuance of stocks as one of resources of financing in the companies. Statistical population of this study was active listed companies in Tehran Stock Exchange. The sample of study was selected among listed companies raising capital through applying stage random sampling and simple random sampling. Sampling was conducted during the period 2008-20013 and finally the sample size including 40 companies were chosen using a Cochran formula. To analyze the obtained information, t-test and correlation coefficient were used. Although the results of the study revealed that there was no significant difference between the internal sources of financing and the issuance of stocks among the studied companies, there is a significant relationship between companies' issuance of stocks and their size. Companies increase the use of retained earnings and stocks for financing through expanding the size of companies. Also, due to the existence of relationship between financing and the fixed assets of the companies through issuing the stocks of companies, no statistically significant relationship were observed between financing and companies' profitability. Finally, there was no significant relationship between financing and future stock returns through the issuance of stocks.

Download or read book The Relationship Between Structure of Assets and the Firm s Performance written by Claudio Sottoriva and published by . This book was released on 2014 with total page 8 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent years, extensive studies have been undertaken concerning the capital structure and performance. However, research on the relationship between structure of assets and performance has not applied. In this paper, the relationship between structure of assets and performance of firms listed in Tehran (Iran) Stock Exchange has been studied in various industries. For this purpose, the ratio of current assets to non-current assets as a structure of assets and Return on Assets (ROA) as criteria for firm performance was used. Findings of investigating 252 firms listed in Tehran Stock Exchange observation in the 2001 to 2012 in the four industries (pharmaceutical, chemical, cement and automobile) suggest in 95% confidence level, signification relation between structure of assets and performance existent. In other words Significant linear relationship between structure of assets and performance of active firms in the industry are examined, in fact, this relationship is different in various industries for examine the relationship, Nonlinearity test was used. Without intervention the moderating variable (in this study is capital structure), these statistical results show that the relationship between the pharmaceutical industry and cement as the relationship logarithmic; that is, with the increasing ratio of current assets to Non-current performance may improve, but its slope is less. In the Automotive industry and the Chemical yield was observed nonlinear relationship between structures of assets.

Download or read book The Impact of Intellectual Capital on Corporate Performance written by Mohamed Sherif and published by . This book was released on 2017 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This article examines, using various econometric techniques, the impact of intellectual capital (IC) on the performance of Egyptian insurance companies listed between 2006 and 2011. We measure IC using the Value Added Intellectual Coefficient (VAIC) approach and its components developed by Pulic (2000), and both a direct and a moderating relationship between VAIC and corporate performance are investigated. Our results show a direct relationship between (IC-VAIC) and the performance of Egyptian insurance companies, particularly with capital employed efficiency (CEE), and to a lesser extent with human capital efficiency. In addition, a positive relationship between IC (capital employed and structural capital) and performance in the prior and current years is found. Evidence also suggests the possibility of a moderating relationship between IC and physical and financial capital, which in turn impacts on corporate performance. Our study also reveals the importance of taking into account any unobservable heterogeneity and endogeneity issues when analyzing corporate performance.

Download or read book Intellectual Capital and Financial Performance written by Farah Yasser and published by . This book was released on 2015 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt: Purpose - This study seeks to investigate the relationship of intellectual capital and firm's performance in Pakistan.Design/methodology/approach - Multiple regression analysis is used to show the relationship of intellectual capital and the firm's performance listed on Karachi Stock Exchange (KSE) for the period of 2009 to 2012.Findings - The results suggest the firm's performance (ROA, Asset turnover, ROE and Market to Book value) is positively and significantly related to the intellectual capital in Pakistan. The main components of intellectual capital that is structural capital efficiency, human capital efficiency and capital employed efficiency have direct impact on the firm's performance. Originality/Value - This is the first study to investigate the relationship between the intellectual capital and firm's performance on the manufacturing companies listed on Karachi Stock Exchange.

Download or read book Corporate Governance and Financial Performance written by Samereh Pour nouroz ghadi and published by . This book was released on 2013 with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt: The study examined the relationship between Corporate Governance and Financial Performance in Tehran stock exchange in Iran. The study aimed at establishing the relationship between corporate governance, financial performance and economic performance and also indicators that Represents market value and size of company. A cross sectional and correlation study was conducted Statistical population of this research including Companies listed on the Tehran Stock Exchange between 2007 to 2012.The findings revealed that corporate governance among the financial performance indicators of companies respectively indicators of profitability, return on assets more relationship will be have with Ownership concentration.

Download or read book Effect of Modified Value Added Intellectual Coefficient VAIC on Performance Market Value of Malaysian Companies written by Farah Ilyani binti Mohd Fadzlah and published by . This book was released on 2013 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study examines the relationship between intellectual capital and traditional performance of companies in four sectors listed in Bursa Malaysia for the year 2008. The four sectors consist of consumer product, industrial product, technology and trading / services. The relationship is first examined between two dependent variables which are profitability and market value with efficiency of Value Added Intellectual Coefficient (VAIC) measured by three components of a company's relational capital, human capital and structural capital. This study also extends the study on current VAIC and modifies it with the addition of Research and Development (R&D) paradigm as proxy for innovation capital. The relationship is further examined between dependent variables and efficiency of MVAIC which measured by three components of VAIC with additional modification of innovation capital. The analysis indicates that the relationship between dependent and independent variables are varied. Company's IC efficiency can explain profitability but not market value. This study found that the relationships between dependent variables with RDE are negative but not significant, thus additional robustness tests are carried out and supported the expectations that companies which incur R&D expenditure have lower current income and expected to have a higher future income. This study might be useful to management of companies in understanding the components of IC and strive for main IC components in order to compete in knowledge based economy. The results have also documented that the level of capitalised R&D among companies in the industries is small and limited. Thus, the regulators should undertake proactive actions to encourage greater R&D activities among companies.

Download or read book Making Sense of Intellectual Capital written by Daniel Andriessen and published by Routledge. This book was released on 2004-02-18 with total page 453 pages. Available in PDF, EPUB and Kindle. Book excerpt: Peter Drucker has introduced us all to the knowledge era, where knowledge is the primary resource and intangibles (intellectual capital resources and assets) are now largely recognized as the most important sources of organizations' competitive advantage. With the recognition of the importance of Intangibles comes the problem of how to properly identify them and assign them a value within the corporation. This is an area of concern in 5 fields: 1) accounting and financial reporting, 2) performance measurement and management, 3) valuation in the finance field, 4) the Human Resources field in terms of management, strategy, and planning, and 5) Intellectual Capital. Over the past eight years, over 25 methods have been proposed for the valuation of intangibles coming out of these 5 fields. In this book, Andriessen evaluates 25 existing methods of intangible valuation according to highly developed criteria. In performing his evaluations, Andriessen synthesizes the state of the art research from these fields based on extensive research. He then presents his own method for valuing intangibles, which he began developing and testing as a Senior Manager at KPMG Knowledge Advisory Services in The Netherlands. He relates six case studies in which this method was tested in actual companies, carefully reviews the results of his tests, and then concludes by offering a new and improved method for valuing intangibles in his Weightless Wealth Toolkit, a complete step-by-step process for identifying, valuing, and managing Intangibles to help managers operate successfully in the Intangible Economy.

Download or read book An Investigation of the Relationship Between Profitability Indices and Systematic Risk Based on the Capital Asset Pricing Model Among Accepted Companies in Tehran Stock Market written by Peyman Akbari and published by . This book was released on 2013 with total page 7 pages. Available in PDF, EPUB and Kindle. Book excerpt: Systematic risk (beta) is one of the most effective factors in predicting the appropriate required rate of return of portfolios. Understanding systematic risk of usual portfolio of various companies, investors consider financial investment more confidentially. The aim of this study is to determine if there is any significant relationship between profitability indices (earnings per share ratio, rate of return on investment, return on equity) as independent variables and systematic risk (beta) as dependent variables. To do so 102 companies accepted in Tehran Stock Market were selected based on screening (systematic deletion) in a seven-year period between "2004-2010". The required data were gathered from basic financial statement, committee reports, and other available documents in Tehran Stock Market. Regression and Pearson correlation were used to analyze the data. The results of the study revealed that there is significant relationship between profitability indices and systematic risk based on the capital asset pricing model among accepted companies in Tehran stock market. Some suggestions regarding the topic of the research are given too.