Effect of Governmental Ownership on the Intellectual Capital Index in Accepted Corporation in Tehran Stock Exchange

Present study was performed to study the influence of Governmental ownership on the intellectual capital index of the firms accepted in Tehran stock exchange market since 2005 to 2011. Data was examined and analyzed during 2012 and 2013. Taking into consideration some conditions of this study, 89 firms constituted the study sample. Dependent variable of this study was intellectual capital of the firms and independent variable also was Governmental ownership percentage. Control variables including the size, financial level and market efficiency were also used to precisely evaluate the results. Finally hypothesis affirmation was performed using EViews and using chaw, Hausman, stability and regression. Results of hypothesis test indicated that significant positive relationship between Governmental ownership percentage and intellectual capital. Estimated coefficient for Governmental ownership percentage was 0.014, with 0.005 significance level, which was lower than test error level (?=0.05). Thus, study hypothesis was accepted with 99% confidence level.