An Investigation into the Relationship between the Market Value of Intangible Assets in Tehran Stock Exchange

Todays highly competitive economy of intangible assets is the source of value creation for the Companies, but accounting standards has been always a challenge in identifying and reporting of these assets. The purpose of this study was to investigate the relationship between intangible assets in companies and its market value. The research is descriptive and the research variables include intangible assets, (Independent), market value (dependent), operational assets, operational liabilities, financial assets, financial liabilities, and inflation, normal and abnormal operating earnings (control). All companies listed on the stock market and securities in the period 2001 to 2010 in the sample were comprised of 114 companies. The test results show that there is a positive and meaningful relationship between intangible assets and market value.The test results also showed a significant positive relationship between the unusual market value of a companys operating income in the companys stock. Managers of their firms should have more consideration to intangible assets because in terms of creating value for the companys shareholders are the property. It should also take note of the fact that todays economy is an economy of intangible assets. This study was demonstrated for the first time in Iran and the importance of asset is an indicative of Companys intangible assets.