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Management Science Letters

ISSN 1923-9343 (Online) - ISSN 1923-9335 (Print)
Quarterly Publication
Volume 5 Issue 9 pp. 867-872 , 2015

The impact of IT investments and intellectual capital on firms’ performance Pages 867-872 Right click to download the paper Download PDF

Authors: Meysam Ghaderi, Mohsen Hamidian, Hosein Jabari

DOI: 10.5267/j.msl.2015.6.010

Keywords: Communication capital, Human capital, Information technology capital, Innovation capital, Tehran Stock Exchange

Abstract: This paper presents an empirical study to determine the effects of four different factors including human capital, innovation capital, communication capital and information technology (IT) capital on firms’ return. The study selects the information of 50 selected firms from Tehran Stock Exchange over the period 2007-2013. Using regression analysis, the study has determined that there were some positive and meaning relationships between human capital, innovation capital, communication capital and information technology capital and firms’ return, however, each of these four factors had various effect. Other results indicate that IT capital had the greatest impact on future returns of companies and among intellectual capital components, communication capital had the highest impact on future earnings.

How to cite this paper
Ghaderi, M., Hamidian, M & Jabari, H. (2015). The impact of IT investments and intellectual capital on firms’ performance.Management Science Letters , 5(9), 867-872.

Refrences
Arvanitis, S., & Loukis, E. N. (2009). Information and communication technologies, human capital, workplace organization and labour productivity: A comparative study based on firm-level data for Greece and Switzerland. Information Economics and Policy, 21(1), 43-61.

Badertscher, B. A. (2011). Overvaluation and the choice of alternative earnings management mechanisms. The Accounting Review, 86(5), 1491-1518.

Brown, S., Hillegeist, S. A., & Lo, K. (2009). The effect of earnings surprises on information asymmetry. Journal of Accounting and Economics, 47(3), 208-225.

Blundell, R., Dearden, L., Meghir, C., & Sianesi, B. (1999). Human capital investment: the returns from education and training to the individual, the firm and the economy. Fiscal studies, 20(1), 1-23.

Bontis, N., & Fitz-Enz, J. (2002). Intellectual capital ROI: a causal map of human capital antecedents and consequents. Journal of Intellectual capital,3(3), 223-247.

L??f, H., & Heshmati, A. (2002). Knowledge capital and performance heterogeneity: A firm-level innovation study. International Journal of Production Economics, 76(1), 61-85.

Lin, Y. M., Lee, C. C., Chao, C. F., & Liu, C. L. (2015). The information content of unexpected stock returns: Evidence from intellectual capital. International Review of Economics & Finance, 37, 208-225.

Rhodes–Kropf, M., Robinson, D. T., & Viswanathan, S. (2005). Valuation waves and merger activity: The empirical evidence. Journal of Financial Economics, 77(3), 561-603.

Wang, W. Y., & Chang, C. (2005). Intellectual capital and performance in causal models: Evidence from the information technology industry in Taiwan. Journal of intellectual capital, 6(2), 222-236.

Watts, R. L., & Zimmerman, J. L. (1990). Positive accounting theory: a ten year perspective. Accounting review, 65(1), 131-156.
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Journal: Management Science Letters | Year: 2015 | Volume: 5 | Issue: 9 | Views: 2309 | Reviews: 0

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