Survey of intellectual capital and financial performance of companies in TSE
Ghasem Ghasemi1, Reza Tehrani2
1: Department of Accounting, Islamic Azad University-Sabzevar Branch, Sabzevar, Iran and Ph.D. student in National University of Tajikistan (Corresponding Author)
2: Department of Accounting, Islamic Azad University-Sabzevar Branch, Sabzevar, Iran
Abstract: In a knowledge-based organization, where, knowledge forms a large part of the amount and quality of organization's profitability, traditional accounting methods, which are based on tangible assets and information of previous operations of the organization, are incapable of valuing intellectual capital as their most valuable assets. Therefore, the intellectual capital approach is the most comprehensive for organizations who want to know their profitability capacities better. The fundamental importance of this study is the lack of intellectual capital items in the financial statements of the companies as well as a huge gap between book value and market value. In the past, tangible assets had higher importance but today, large part of organizations’ assets are intangible assets thus, in today's economy, organizations success depend on the way of managing these assets.
[Ghasem Ghasemi, Reza Tehrani. Survey of intellectual capital and financial performance of companies in TSE. Life Sci J2013;10(7s):261-269] (ISSN:1097-8135). http://www.lifesciencesite.com. 40
Keywords: Financial Performance, Iranian Capital Market, Intelligent Capital