The effect of any relation between intellectual capital based on financial patterns and economic value added for measuring business of accepted companies in Iranian Stock Exchange Organization

摘要

Value creation and applying of organizational goals are new paradigm in business. For profit continuity and creation of new wealth, all economic agencies may pay special attention to this phenomenon and enter into operational value chain. In this article, we tested the relation between intellectual capital and economic value added as the modern index for measuring the function in the framework of value creation thought. It was based upon management by Ethiner and Larker (2003) for all accepted companies in stock exchange companies for a 5-year period (2004 to 2008). From applicable goal and manner of performance, the research method of this study is explanatory – measuring based upon combination. In order to test any theories, we used T test and to estimate any regression model parameters we used minimum squares. We extracted all research data from financial statements and financial reports available in the archive of Tehran Stock Exchange Organization. The intellectual capital was measured according to four-fold financial patterns. According to the results, it was revealed that there is no meaningful relation between intellectual capital and economic value added. This relation is negative from validity point of view of regression model. Also, the results may reveal that there is no equal severity that means changes of economic value added out of intellectual capital on four-folded patterns.