Document Type : Original Research

Authors

1 Department of Management, Babol Branch, Islamic Azad University, Babol, Iran

2 Department of Economic, Babol Branch, Islamic Azad University, Babol, Iran

Abstract

This study aimed to investigate the impact of intellectual capital on the financial performance of the banks listed in the Tehran Stock Exchange. For this purpose, the impact of intellectual capital components (Capital Employed Efficiency (CEE), Human Capital Efficiency (HCE) and Structural Capital Efficiency (SCE) ) on financial performance (Return on Equity (ROE), Return on Assets (ROA) and Earnings per Share (EPS) ) was examined using panel data in 11 banks listed in Tehran Stock Exchange during the years 2009 to 2013. The results showed that the intellectual capital had a positive effect on the financial performance of banks listed on Tehran Stock Exchange. Also, intellectual capital had the greatest impact on the rate of return on assets, return on equity and earnings per share, respectively.

Keywords

Abdullah D. F., &. S. (2012). The Relationship between Intellectual Capital and Corporate Performance. Social and Behavioral Sciences, 40, 537-541.
Arslan, M. &. (2015). Intellectual Capital and Its Impact on Financial Performance: A Study of Oil and Gas Sector of Pakistan. International Letters of Social and Humanistic Sciences, 2(2), 125-140.
Bontis, N. (1998). Intellectual Capital: An Exploratory Study That Develops Measures and Models. Management Decision, 3(1), 63-76.
Bontis, N. (2001). Assessing knowledge assets: A review of the models used to measure intellectual capital. International Journal of Management Review, 3(1), 41-60.
Brooking, A. (1996). In Intellectual capital, core asset for the third Millennium enterprise (p. 21). London: International Thomson Business Press.
Chang, S. L. (2007). In Valuing intellectual capital and firms’ performance: Modifying value added intellectual coefficient in Taiwan IT industry (Ph. D. Dissertation). Ageno School of Business, University of Golden Gate, USA. (p. 96).
Chen Goh, P. (2005). Intellectual capital performance of commercial banks in Malaysia. Journal of Intellectual Capital, 6(3), 385-396.
Edvinsson, L., & Malone, M.S. (1997). Developing a model of managing intellectual capital. European management journal, 4(3), 356-364.
Financial reports of banks. (2015). Retrieved July 27, 2015, from The Securities and Exchange (Research, development and Islamic Studies): http://rdis.ir/CompaniesReports.asp
Financial reports of banks. (2015). Retrieved July 27, 2015, from Tehran Stock Exchange: http://new.tse.ir/en/
Financial reports of banks. (2015). Retrieved July 27, 2015, from Comprehensive system to inform publishers”Codal”: http://www.codal.ir/
Machlup. (1962). In The production and distribution of knowledge in the United States. Prienceton, NJ: Prienceton University (p. 436).
Marr, B. G. (2003). Why do firm measure their intellectual capital. Journal of Intellectual Capital, 4, 441-464.
Mitchel Williams, S. (2000). Is Company’s Intellectual Capital Performance and Intellectual Capital Disclosure Practices Related Evidence from Publicly Listed Companies from the FTSE 1000. Working Paper (Presented at McMasters Intellectual Capital Conference, Hamilton Ontario).
Pablos, P. (2004). Measuring and reporting structural capital, journal of intellectual capital, 5(4), 629-647.
Pulic, A. (2000). In MVA and VAICTM Analysis of Randomly Selected Companies from FTSE 250, Graz-London: Austrian Intellectual Capital Research Center (p. 26).
Rostami, A. (2005). In Assessment and evaluation of the relationship between intellectual capital and intellectual capital Tehran Stock Exchange market value of company stock, accounting investigations and audits (Vol. 39, p. 50).
Stewart, T. (1997). In Intellectual Capital: The Wealth of Organizations, Currency Doubleday, . New York.
Tan, H. P. (2002). Intellectual capital and financial returns of companies. Journal of Intellectual Capital, 8(1), 251-267.
Tayles, M. a. (2001). Dealing with the Management of Intellectual Capital: The Potential Role of Strategic Management Accounting. Accounting, Auditing & Accountability Journal, 15(2), 251-267.
Zeghal, D. &. (2010). Analyzing value added as an indicator of intellectual capital and its consequences on company performance. Journal of Intellectual Capital, 11(1), 39-60.