The effect of corporate governance on the value creation of intellectual capital

This study is an attempt to investigate the effect of intellectual capital on firm value and also aims to examine the influence of corporate governance mechanisms including ratio of outside directors, ratio of institutional shareholders, board size and manager concurrently director on value creation resulting from intellectual capital. Value added intellectual capital coefficient model has been used as the top model for measuring intellectual capital. In fact, the purpose of study is to investigate the effect of corporate governance mechanisms on the relationship between intellectual capital and firm value ۱۲۹ companies have been studied from ۲۰۰۶ to ۲۰۱۳ and multi-regression using panel data was applied to examine the hypotheses. Results indicate that intellectual capital has a significant effect on firm value, but neither of the mechanisms of corporate governance has a significant effect on the value creation resulting from intellectual capital.

کلیدواژه ها:

Intellectual capital ، Corporate governance ، Firm value ، سرمایه فکری ، راهبری شرکتی ، ارزش شرکت