The Effect of Intellectual Capital on the Performance of Listed Companies in Iran Stock Exchange: A Panel Data Approach
研究了2006-2010年伊朗112家上市公司，发现智力资本与财务绩效（以托宾Q和净资产收益率衡量）正相关，且不受公司规模和债务结构影响。
According to the resource-based view, intellectual capital is strategic resources that enable companies to create competitive advantage and deliver superior financial performance. Relationship between resources and firm performance is an undeniable relationship. Therefore, this article aims to examine the impact of intellectual capital on the performance of listed companies in Tehran Stock Exchange. The period under study is in 2006-2010 and selection sample consists of 112 firms. Statistical method for testing hypotheses in this study is panel data of "combined data" using Eviews software. The results of hypothesis testing using both QTOBIN model and return on equity (ROE) suggests that regardless of company size and debt structure, there is a positive significant relationship between intellectual capital and financial performance.