Intellectual Capital and Economic Growth in Related to Tehran Stock Exchange Companies

Document Type : Original Article

Authors

1 Associate Professor of Accounting, Tabriz University, Tabriz, Iran

2 PhD. Student of Accounting, Shahid Beheshti University, Tehran, Iran

3 PhD. Student of Accounting, Allameh Tabataba'i University, Tehran, Iran

Abstract

The main purpose of this study is to evaluate the impact of intellectual capital on economic growth in Iran. Detailed analysis of IC-related research, particularly research conducted in Iran, indicates lack of adequate attention to the impact of intellectual capital and its components by scholars on economic growth. Seeking to fill this research gap, this study included a population consisting of listed companies in Tehran Stock Exchange between the years 1386 and 1394. Of the population, 85 companies have been selected to test the research hypotheses. In order to measure intellectual capital, intellectual capital and value-added factors of two models of market value to book value are used. Results showed that among the components of intellectual capital (including the coefficient of physical capital, human capital factor and the coefficient of structural funds), only the changes of structural capital and economic growth indices correlate to one another. Analysis shows that the model of market value to book value and economic growth is significantly correlated.

Keywords

Journal of Iranian Accounting Review
Volume 4, Issue 15
September 2017
Pages 93-112

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