A Study on Relationship between Intellectual Capital and Refined EVA in Insurance Companies as Member of Tehran Stock Exchange

Document Type : Original Article

Authors

1 Department of Accounting, Damavand branch, Islamic Azad University, Damavand, Iran (Corresponding author).

2 Lecturer of Accounting Department , Naser Khosro Institute of Higher Education of Saveh, Saveh, Iran

3 Master of Accounting, Naser Khosro Institute of Higher Education of Saveh, Saveh, Iran

Abstract

Considering necessity of recognizing the knowledge-based economy and achieving its foundations in Iran, the main issue of this research is to clarify the relationship between intellectual capital and Refined EVA in insurance companies which are member of Tehran Stock Exchange. In this research, the Refined EVA index was used to evaluate and measure the intellectual capital of the Palick model and also to quantify the economic performance. Accordingly, information about 15 insurance companies during the period of 2011-2016 was analyzed to examine the relationship between these variables. The collected data are calculated using Excel software and analyzed with Eviews®. The results indicated that there is a significant and positive relationship between the components of intellectual capital (human capital, physical capital, and structural capital) with Refined EVA; as an issue that has a decisive role in the success or failure of companies in competitive markets.

Keywords

References

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International Journal of Finance & Managerial Accounting
Volume 3, Issue 9
April 2018
Pages 91-101

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