The effect of Board Characteristics on Intellectual Capital-A case study from listed Companies at Tehran Stock Exchange

Yıl 2015, Cilt: 36 Sayı: 3, 2853 - 2862, 13.05.2015

Parviz Pırı , Leila Nateghıan

Öz

Abstract. Nowadays, intellectual capital is as a valuable asset of organizations and and Management has an important role in this aria. The specific board of directors’ characteristics is vital in the initiation of mentioned capital. With this subject, the main objective of this study is to evaluate the effect of board characteristics on intellectual capital. A case study from 92 companies listed at Tehran Stock Exchange during 2004-2012. To examine this issue, with using survey method and correlation tests and applying of E-views and SPSS software’s, the research hypotheses were tested and analyzed. The results showed: there is no significant relation between board of director’s size and independence (as a measure for board characteristics), with intellectual capital on the basis of Pulic and Tobin's Q models.

Anahtar Kelimeler

Board of Directors Characteristics, Intellectual Capital, Pulic model

Kaynakça

• Bontis N., The Copyright Paper: Assessing knowledge Assets: A Review of the Models Used to Measure Intellectual Capital, 2000.
• Bukowitz W. R., Williams R. L., The Knowledge Management Fieldbook, Financial Time, Pren- tice Hall, London 2000
• Edvinsson, L, M.S.Malone. (1997). developing a model of managing intellectual Capital, European management journal, Vol. 4, No.3, and pp: 356-364.
• Firer, S. and Williams, S.M. (2013). Firm Ownership Structure andIntellectual Capital Disclosures .report of University of the Witwatersrand.P 34.
• Guthrie, J. and Petty, R. (2000) Intellectualcapital: Australian annual reporting practices. Journal of Intellectual Capital, 1 (3),241-251.
• Guthrie, J., Petty, R., Yongvanich, K. and Ricceri, F. (2004). Using content analysis as a research method to inquire into intellectual capital reporting. Journal of Intellectual Capital, 5 (2), 282-93.
• Ishak, Z. and Al-Ebel, A.M. (2013). Board of Directors, Information Asymmetry, and Intellectual Capital Disclosure among Banks in Gulf Co-Operation Council. Jurnal Pengurusan 37: 33 – 43.
• Norton D., Kaplan R., The balanced scorecard: Translating strategy into action, Harvard Business School 1996.
• Oba, V. C., Ibikunle, J. and Damagum, Y.M. (2013). The Impact of Board Mechanisms on Intellectual Capital Disclosures in Nigeria. Journal of Accounting and Management, 3 (1), 65-80.
• Piri, P., Yokhaneh Alghyani, M., Barzegari Sadaghiani, S. and Hasannejad, S.A. (2014). A stydy on the effects of intellectual capital efficiency on economic performance. Management science letters (4), 985-992.
• Saghafi A., Safarzadeh M.(2011). Earnings quality and board of director’s characteristics: Empirical Analysis. Journal of audit knowledge, 11, 73-94. (in Farsi)
• Williams, S.M. (2000). Relationship between Board Structure and a Firm’s Intellectual Capital Performance in an Emerging Economy. University of Calgary.P 44.