Author/Authors :
Piri، Parviz نويسنده Assist. Prof. & Faculty Member, Department of Economy and Management, University of Urmia, Urmia, Iran , , Yokhaneh Alghyani، Maryam نويسنده Sama technical and Vocational Training College, Islamic Azad University, Urmiah branch, Urmia, Iran , , Barzegari Sadaghiani، Samaneh نويسنده M.Sc. Student, Department of Economy and Management, University of Urmia, Urmia, Iran , , Hasan nejad، Sayed Ahmad نويسنده University of Economic Studies, Tehran, Iran ,
Abstract :
Intellectual capital plays essential role in corporate performance and this paper examines the impact of intellectual capital and its components on the ratio of corporate operating profit on sales as an indicator of economic performance. The study was accomplished among 1035 companies listed on Tehran Stock Exchange and by using the Pulic-2004 model over the period 2005-2012. The results indicate that intellectual value added coefficient, as an indicator of intellectual capital efficiency, preserves a positive effect on sales and efficiency of structural capital and capital employed maintains a positive and meaningful effects on different financial ratios.
