The Impact of Intellectual Capital on the Financial Performance of Listed Companies in Tehran Stock Exchange

Ranani, Hossein Sharifi; Bijani, Zivar

doi:10.6007/ijarafms/v4-i1/548

Cited by 14 publications

(17 citation statements)

References 13 publications

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“…So, based on the results of Hypothesis 2 (H2) and Hypothesis 3 (H3) are accepted. These results are the same as research conducted by Fitriasari and Ratna Sari (2019), Ginesti et al (2018), Smriti and Das (2018), Sardo and Zelaia (2017), Venogopal and Subha MV (2015), Ranani and Bijani (2014). These results are the same as RBT theory where the management of physical and nonphysical assets effectively and efficiently is a superior company characteristic.…”

Section: Discussionsupporting

confidence: 83%

“…Former researchers proved the significant positive impact of intellectual capital on firm value is Fitriasari and Ratnasari (2019), Yofita and Amrania (2018)whileNuhuyanan ( 2016) and found a negative relationship. Smriti and Das (2018), Sardo and Zelaia (2017), Ranani and Bijani (2014) found that intellectual capital had a positive influence on financial performance. Whereas Ozkan et al (2016) found the opposite results.…”

Section: Introductionmentioning

confidence: 98%

See 1 more Smart Citation

The Influence of Intellectual Capital on Firm Value With Financial Performance as Intervening Variables in Banking Companies Listed in Indonesia Stock Exchange

Shalahuddin¹,

Adam²,

Widiyanti³

2020

IJBMER

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Section: Discussionsupporting

confidence: 83%

Section: Introductionmentioning

confidence: 98%

The Influence of Intellectual Capital on Firm Value With Financial Performance as Intervening Variables in Banking Companies Listed in Indonesia Stock Exchange

Shalahuddin¹,

Adam²,

Widiyanti³

2020

IJBMER

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“…In other words, when a portion of funds is allocated for fixed purposes, such as large-scale machinery and equipment, factories, and so on, the impact will be long term. Specifically, IC efficiency reflects a firm's ability in managing intangible resources to create long-term competitive advantage (Ranani and Bijani, 2014). Resource-based view of the firm emphasizes the importance of the valuable, rare, imperfectly imitable, and nonsubstitutable characteristics of resources (Barney, 1991).…”

Section: Ic Efficiency Measurementmentioning

confidence: 99%

The cubic S-curve relationship between board independence and intellectual capital efficiency: does firm size matter?

Kweh

Ting

et al. 2021

JIC

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PurposeFirst, this study assesses firms’ efficiency of transforming intellectual capital (IC) components into firm performance. Second, this study examines (1) cubic S-curve relationship between board independence and IC efficiency and (2) how firm size moderates the cubic S-curve relationship.Design/methodology/approachThis study employs a stochastic nonparametric envelopment of data (StoNED) framework to estimate IC efficiency, which is derived from the estimation process of transforming structural, relational and human capitals into accounting- and market-based performance indicators. This study conducts regression analyses on 1,104 firm-year observations of Taiwanese semiconductor firms over the period of 2011–2018.FindingsStoNED results suggest that sample firms' IC efficiency can be relatively improved by approximately 80%. Regression results indicate that a cubic S-curve relationship between board independence and IC efficiency exists, and firm size moderates the nonlinear effects.Practical implicationsOverall, this study highlights the importance of examining the nonlinear effect of board independence on IC efficiency from the perspective of agency theory, and the moderating effect from firm size, which may suggest availability of resources from the resource-based view of the firm.Originality/valueThis study contributes to the literature through the innovative application of an efficiency-based tool for evaluating IC efficiency. The cubic S-curve relationship between board independence and IC efficiency also points to the policy concerning the appropriate number of independent directors on board.

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“…Penelitian mengenai modal intelektual menemukan bahwa modal intelektual memiliki pengaruh signifikan terhadap earning per share dan peningkatan modal intelektual mampu meningkatkan nilai perusahaan. Meskipun modal intelektual sulit untuk dilihat dan dikuantifikasikan, hasilnya akan tetap tercermin dalam produktivitas, efisiensi dan profitabilitas perusahaan yang menjadi lebih besar (Berzkalne & Zelgavle, 2013;Ranani dan Bijani, 2014;Ornek & Ayas, 2015;Cleary & Quinn, 2016;Musadiq & Iqbal, 2016). Namun, hasil yang berbeda ditemukan oleh Frykman & Tolleryd (2010), dimana modal intelektual yang memuat aset non-keuangan perusahaan tidak tercermin dalam neraca.…”

Section: Pendahuluan Latar Belakangunclassified

Pengaruh Modal Intelektual Dan Tata Kelola Perusahaan Terhadap Nilai Perusahaan Melalui Kinerja Keuangan (Studi Empiris Pada Perusahaan Lq45 Di Bursa Efek Indonesia Periode 2015-2017)

Josephine

Trisnawati

Setijaningsih

2019

JMIEB

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Saat ini investor lebih tertarik berinvestasi pada perusahaan yang memiliki harga saham yang stabil. Oleh sebab itu, penting bagi perusahaan untuk mengetahui faktor-faktor yang berpengaruh terhadap harga saham. Dalam penelitian ini terdapat dua faktor yang akan yaitu modal intelektual dan tata kelola perusahaan dengan menggunakan variabel mediasi kinerja keuangan (ROA). Penelitian ini ingin melihat pengaruh langsung dan tidak langsung antara variabel independen terhadap variabel dependen. Sampel yang digunakan dalam penelitian diambil melalui perusahaan dalam LQ 45 dengan menggunakan metode purposive sampling dalam periode waktu 2015-2017. Metode analisis data yang digunakan ialah Eviews versi 10. Hasil dari penelitian ini menemukan bahwa modal intelektual tidak berpengaruh langsumh terhadap nilai perusahaan, sedangkan tata kelola perusahaan memiliki pengaruh terhadap nilai perusahaan. Hasil penelitian ini juga menemukan bahwa terjadi pengaruh tidak langsung antara tata kelola perusahaan terhadap nilai perusahaan melalui kinerja keuangan. Currently investors will be more interested in investing in companies that have a stable stock price. Therefore, it is important for the company to know the factors that affect the stock price. In this research there are two factors that will be intellectual capital and corporate governance by using variable of financial performance mediation (ROA). This study wanted to see the direct and indirect influence between the independent variables to the dependent variable. The sample used in the study was taken through the company in LQ 45 by using purposive sampling method within the period of 2015-2017. Data analysis method used is Eviews version 10. The results of this study found that intellectual capital has no direct effect on firm’s value, while corporate governance has an influence on firm’s value. The results of this study also found that there is an indirect influence between corporate governance on firm’s value through financial performance.

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The Impact of Intellectual Capital on the Financial Performance of Listed Companies in Tehran Stock Exchange

Cited by 14 publications

References 13 publications

The Influence of Intellectual Capital on Firm Value With Financial Performance as Intervening Variables in Banking Companies Listed in Indonesia Stock Exchange

The Influence of Intellectual Capital on Firm Value With Financial Performance as Intervening Variables in Banking Companies Listed in Indonesia Stock Exchange

The cubic S-curve relationship between board independence and intellectual capital efficiency: does firm size matter?

Pengaruh Modal Intelektual Dan Tata Kelola Perusahaan Terhadap Nilai Perusahaan Melalui Kinerja Keuangan (Studi Empiris Pada Perusahaan Lq45 Di Bursa Efek Indonesia Periode 2015-2017)

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