The Investigation of the Relationship Between Intellectual Capital and Economic Value Added and Created Shareholder Value in Listed Companies of Tehran Stock Exchange

摘要

The present study aims at The investigation of the relationship between intellectual capital and Economic Value Added and Created Shareholder Value in listed companies of Tehran Stock Exchangeduring five years from 2007 to 2011. In this regard, intellectual capital, economic value added, and Created Shareholder Valuevariables to assess companies’ firm size variable as the control variable have been utilized. In this study, GLS method with the help of Eviews software has been used to estimate regression line. Moreover, to examine the amount of linear regression between variables under consideration, Pearson linear correlation coefficient has been employed. Out of 325 companies listed in Tehran Stock Exchange, some companies have been eliminated through systematic elimination and 120 companies remained sample population stratified sampling. The results indicate that there are significant relationships between dependent variable of Created Shareholder Valueindependent variable of intellectual capital and economic value added.