Examining the Intellectual Capital Impact on the Profit Efficiency in Automobile and Parts Manufacturing Industry of Tehran Stock Exchange

Safdar Alipour; Majid Gorgizadeh

doi:doi:10.11648/j.jfa.20170503.14

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Examining the Intellectual Capital Impact on the Profit Efficiency in Automobile and Parts Manufacturing Industry of Tehran Stock Exchange

Safdar Alipour, Majid Gorgizadeh

Published in Journal of Finance and Accounting (Volume 5, Issue 3)

Received: 3 April 2017 Accepted: 27 April 2017 Published: 25 May 2017

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Abstract

The objecdetive of this research is to study the impact of intellectual capital (IC) and its components on profit efficiency as a comprehensive criterion of financial performance. this research utilizes Pulic model in order to measure the IC of 23 companies in automobile and parts manufacturing industry of Tehran stock exchange for the period of 2011-2014. It also uses DEA technique and truncated regression in order to calculate profit efficiency and examine its relationship with IC respectively. the results indicated that human capital efficiency (HCE), capital employed efficiency (CEE), and value added intellectual capital (VAIC^TM) affect significantly and positively performance (profit efficiency) but Structural capital efficiency (SCE) is not associated significantly with performance. Among IC components, the human capital has the most impact on performance. Therefore, it can be asserted that, in automobile and parts industry, IC is capable of having effective role in financial decisions.

Published in	Journal of Finance and Accounting (Volume 5, Issue 3)
DOI	10.11648/j.jfa.20170503.14
Page(s)	107-114
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2017. Published by Science Publishing Group

Keywords

Intellectual Capital, Data Envelopment Analysis (DEA), Profit Efficiency, Tehran Stock Exchange

References

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APA Style

Safdar Alipour, Majid Gorgizadeh. (2017). Examining the Intellectual Capital Impact on the Profit Efficiency in Automobile and Parts Manufacturing Industry of Tehran Stock Exchange. Journal of Finance and Accounting, 5(3), 107-114. https://doi.org/10.11648/j.jfa.20170503.14

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ACS Style

Safdar Alipour; Majid Gorgizadeh. Examining the Intellectual Capital Impact on the Profit Efficiency in Automobile and Parts Manufacturing Industry of Tehran Stock Exchange. J. Finance Account. 2017, 5(3), 107-114. doi: 10.11648/j.jfa.20170503.14

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AMA Style

Safdar Alipour, Majid Gorgizadeh. Examining the Intellectual Capital Impact on the Profit Efficiency in Automobile and Parts Manufacturing Industry of Tehran Stock Exchange. J Finance Account. 2017;5(3):107-114. doi: 10.11648/j.jfa.20170503.14

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@article{10.11648/j.jfa.20170503.14,
  author = {Safdar Alipour and Majid Gorgizadeh},
  title = {Examining the Intellectual Capital Impact on the Profit Efficiency in Automobile and Parts Manufacturing Industry of Tehran Stock Exchange},
  journal = {Journal of Finance and Accounting},
  volume = {5},
  number = {3},
  pages = {107-114},
  doi = {10.11648/j.jfa.20170503.14},
  url = {https://doi.org/10.11648/j.jfa.20170503.14},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jfa.20170503.14},
  abstract = {The objecdetive of this research is to study the impact of intellectual capital (IC) and its components on profit efficiency as a comprehensive criterion of financial performance. this research utilizes Pulic model in order to measure the IC of 23 companies in automobile and parts manufacturing industry of Tehran stock exchange for the period of 2011-2014. It also uses DEA technique and truncated regression in order to calculate profit efficiency and examine its relationship with IC respectively. the results indicated that human capital efficiency (HCE), capital employed efficiency (CEE), and value added intellectual capital (VAICTM) affect significantly and positively performance (profit efficiency) but Structural capital efficiency (SCE) is not associated significantly with performance. Among IC components, the human capital has the most impact on performance. Therefore, it can be asserted that, in automobile and parts industry, IC is capable of having effective role in financial decisions.},
 year = {2017}
}

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TY  - JOUR
T1  - Examining the Intellectual Capital Impact on the Profit Efficiency in Automobile and Parts Manufacturing Industry of Tehran Stock Exchange
AU  - Safdar Alipour
AU  - Majid Gorgizadeh
Y1  - 2017/05/25
PY  - 2017
N1  - https://doi.org/10.11648/j.jfa.20170503.14
DO  - 10.11648/j.jfa.20170503.14
T2  - Journal of Finance and Accounting
JF  - Journal of Finance and Accounting
JO  - Journal of Finance and Accounting
SP  - 107
EP  - 114
PB  - Science Publishing Group
SN  - 2330-7323
UR  - https://doi.org/10.11648/j.jfa.20170503.14
AB  - The objecdetive of this research is to study the impact of intellectual capital (IC) and its components on profit efficiency as a comprehensive criterion of financial performance. this research utilizes Pulic model in order to measure the IC of 23 companies in automobile and parts manufacturing industry of Tehran stock exchange for the period of 2011-2014. It also uses DEA technique and truncated regression in order to calculate profit efficiency and examine its relationship with IC respectively. the results indicated that human capital efficiency (HCE), capital employed efficiency (CEE), and value added intellectual capital (VAICTM) affect significantly and positively performance (profit efficiency) but Structural capital efficiency (SCE) is not associated significantly with performance. Among IC components, the human capital has the most impact on performance. Therefore, it can be asserted that, in automobile and parts industry, IC is capable of having effective role in financial decisions.
VL  - 5
IS  - 3
ER  -

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Author Information

Safdar Alipour

Department of Accounting, Persian Gulf University, Bushehr, Iran
Majid Gorgizadeh

Department of Accounting, Payame Noor University, Bushehr, Iran

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APA Style

Safdar Alipour, Majid Gorgizadeh. (2017). Examining the Intellectual Capital Impact on the Profit Efficiency in Automobile and Parts Manufacturing Industry of Tehran Stock Exchange. Journal of Finance and Accounting, 5(3), 107-114. https://doi.org/10.11648/j.jfa.20170503.14

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ACS Style

Safdar Alipour; Majid Gorgizadeh. Examining the Intellectual Capital Impact on the Profit Efficiency in Automobile and Parts Manufacturing Industry of Tehran Stock Exchange. J. Finance Account. 2017, 5(3), 107-114. doi: 10.11648/j.jfa.20170503.14

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AMA Style

Safdar Alipour, Majid Gorgizadeh. Examining the Intellectual Capital Impact on the Profit Efficiency in Automobile and Parts Manufacturing Industry of Tehran Stock Exchange. J Finance Account. 2017;5(3):107-114. doi: 10.11648/j.jfa.20170503.14

Copy | Download

@article{10.11648/j.jfa.20170503.14,
  author = {Safdar Alipour and Majid Gorgizadeh},
  title = {Examining the Intellectual Capital Impact on the Profit Efficiency in Automobile and Parts Manufacturing Industry of Tehran Stock Exchange},
  journal = {Journal of Finance and Accounting},
  volume = {5},
  number = {3},
  pages = {107-114},
  doi = {10.11648/j.jfa.20170503.14},
  url = {https://doi.org/10.11648/j.jfa.20170503.14},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jfa.20170503.14},
  abstract = {The objecdetive of this research is to study the impact of intellectual capital (IC) and its components on profit efficiency as a comprehensive criterion of financial performance. this research utilizes Pulic model in order to measure the IC of 23 companies in automobile and parts manufacturing industry of Tehran stock exchange for the period of 2011-2014. It also uses DEA technique and truncated regression in order to calculate profit efficiency and examine its relationship with IC respectively. the results indicated that human capital efficiency (HCE), capital employed efficiency (CEE), and value added intellectual capital (VAICTM) affect significantly and positively performance (profit efficiency) but Structural capital efficiency (SCE) is not associated significantly with performance. Among IC components, the human capital has the most impact on performance. Therefore, it can be asserted that, in automobile and parts industry, IC is capable of having effective role in financial decisions.},
 year = {2017}
}

Copy | Download

TY  - JOUR
T1  - Examining the Intellectual Capital Impact on the Profit Efficiency in Automobile and Parts Manufacturing Industry of Tehran Stock Exchange
AU  - Safdar Alipour
AU  - Majid Gorgizadeh
Y1  - 2017/05/25
PY  - 2017
N1  - https://doi.org/10.11648/j.jfa.20170503.14
DO  - 10.11648/j.jfa.20170503.14
T2  - Journal of Finance and Accounting
JF  - Journal of Finance and Accounting
JO  - Journal of Finance and Accounting
SP  - 107
EP  - 114
PB  - Science Publishing Group
SN  - 2330-7323
UR  - https://doi.org/10.11648/j.jfa.20170503.14
AB  - The objecdetive of this research is to study the impact of intellectual capital (IC) and its components on profit efficiency as a comprehensive criterion of financial performance. this research utilizes Pulic model in order to measure the IC of 23 companies in automobile and parts manufacturing industry of Tehran stock exchange for the period of 2011-2014. It also uses DEA technique and truncated regression in order to calculate profit efficiency and examine its relationship with IC respectively. the results indicated that human capital efficiency (HCE), capital employed efficiency (CEE), and value added intellectual capital (VAICTM) affect significantly and positively performance (profit efficiency) but Structural capital efficiency (SCE) is not associated significantly with performance. Among IC components, the human capital has the most impact on performance. Therefore, it can be asserted that, in automobile and parts industry, IC is capable of having effective role in financial decisions.
VL  - 5
IS  - 3
ER  -

Copy | Download