Examining the Intellectual Capital Impact on the Profit Efficiency in Automobile and Parts Manufacturing Industry of Tehran Stock Exchange
Journal of Finance and Accounting
Volume 5, Issue 3, May 2017, Pages: 107-114
Received: Apr. 3, 2017; Accepted: Apr. 27, 2017; Published: May 25, 2017
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Safdar Alipour, Department of Accounting, Persian Gulf University, Bushehr, Iran
Majid Gorgizadeh, Department of Accounting, Payame Noor University, Bushehr, Iran
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The objecdetive of this research is to study the impact of intellectual capital (IC) and its components on profit efficiency as a comprehensive criterion of financial performance. this research utilizes Pulic model in order to measure the IC of 23 companies in automobile and parts manufacturing industry of Tehran stock exchange for the period of 2011-2014. It also uses DEA technique and truncated regression in order to calculate profit efficiency and examine its relationship with IC respectively. the results indicated that human capital efficiency (HCE), capital employed efficiency (CEE), and value added intellectual capital (VAICTM) affect significantly and positively performance (profit efficiency) but Structural capital efficiency (SCE) is not associated significantly with performance. Among IC components, the human capital has the most impact on performance. Therefore, it can be asserted that, in automobile and parts industry, IC is capable of having effective role in financial decisions.
Intellectual Capital, Data Envelopment Analysis (DEA), Profit Efficiency, Tehran Stock Exchange
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Safdar Alipour, Majid Gorgizadeh, Examining the Intellectual Capital Impact on the Profit Efficiency in Automobile and Parts Manufacturing Industry of Tehran Stock Exchange, Journal of Finance and Accounting. Vol. 5, No. 3, 2017, pp. 107-114. doi: 10.11648/j.jfa.20170503.14
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