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Intellectual Capital and its Effects on Firm`s market value and Financial Performance in Iran: An Investigating Pulic Model

Author Affiliations

  • 1 Department of Accounting, Qaemshahr Branch, Islamic Azad University, Qaemshahr, IRAN

Res. J. Recent Sci., Volume 2, Issue (3), Pages 1-6, February,2 (2013)


Traditional thinking in economics was based on measurement of material resources and tangible assets and it has replaced the value creation of intangible assets. This issue led to increasing the importance of Intellectual Capital (IC) as research and economic issues. This study uses annual time series data and unit root tests and analyze them using Smooth Transition Regression (STR) model by Liew and et. al., (2002). The results showed that there is a significant relationship among IC, market value and financial performance. Random sample includes 60 companies. To test the hypothesis, first we collected data and firms IC value is calculated based on Pulic (2000) model.


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