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The impact of corporate governance on intellectual capitals efficiency in Iran

Author

Listed:
  • Mahmoud Lari Dashtbayaz
  • Mahdi Salehi
  • Alieyh Mirzaei
  • Hamideh Nazaridavaji

Abstract

Purpose - The purpose of this study is to evaluate the impact of corporate governance on intellectual capital (IC) in companies listed on the Tehran stock exchange. Design/methodology/approach - In this paper, the board features (size, independence and CEO duality) and the characteristics of the audit committee (financial expertise, independence and size) are considered to measure the factors of corporate governance. The IC is also divided into communicative, human, structural and value-added IC. Research data are gathered using a sample of 132 companies during 2013-2016. Research hypotheses are analyzed using panel data and logistic regression models. Findings - The findings indicate that while the board’s independence, financial expertise and the size of the audit committee are negatively related to the communicative capital, the relationship between audit committee independence and communicative capital is positive and significant. Further, the authors observe that there is a positive relationship between board independence and human capital, a negative and significant link between audit committee size and human capital. By the way, the results reveal that audit committee independence and audit committee size have, respectively positive and negative impact on structural capital. Originality/value - The results of the current study may give more insight into the relationship between corporate governance and managerial capital in developing nations.

Suggested Citation

  • Mahmoud Lari Dashtbayaz & Mahdi Salehi & Alieyh Mirzaei & Hamideh Nazaridavaji, 2020. "The impact of corporate governance on intellectual capitals efficiency in Iran," International Journal of Islamic and Middle Eastern Finance and Management, Emerald Group Publishing Limited, vol. 13(4), pages 749-766, July.
    • Handle: RePEc:eme:imefmp:imefm-11-2017-0291
    DOI: 10.1108/IMEFM-11-2017-0291
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    Citations

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    Cited by:

    1. Hafiz Mustansar Javaid & Qurat Ul Ain & Rita D’Ecclesia, 2023. "Female directors in the boardroom and intellectual capital performance: Does the “critical mass” matter?," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 9(1), pages 1-24, December.
    2. LUCUȚ CAPRAȘ Isabella & RUS Alexandra Ioana Daniela & ACHIM Monica Violeta, 2023. "The Impact of Corporate Governance on Intellectual Capital. Empirical Evidence from Romanian Companies," European Journal of Interdisciplinary Studies, Bucharest Economic Academy, issue 01, March.

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