THE MEDIATING EFFECT OF FINANCIAL PERFORMANCE ON THE RELATIONSHIP BETWEEN INTELLECTUAL CAPITAL & MARKET SHARE: EVIDENCE FROM TEHRAN STOCK EXCHANGE

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Abstract

Intellectual capital has an important role in this knowledge based economy era. The purpose of this study is to examine the mediating effect of financial performance on the relationship between intellectual capital and market share in the listed Companies in the Tehran Stock Exchange in this study to assess the intellectual capital, the rate of value-added intellectual capital that developed by Pulic (1998) is used. The sample included 99 companies listed in the Tehran Stock Exchange, for a period of five years from 2011 to 2015. The research findings show a significant positive relationship between intellectual capital and market share. Also the results show that there is no mediating effect of financial performance in the relationship between intellectual capital and market share.

Keywords: the Effect of Mediation, Intellectual Capital, Market Share, Financial Performance

Received: 07.08.2017

Accepted: 27.09.2017

How to cite this paper: Fahimi, S.M., & Fakhari, H. (2017). The mediating effect of financial performance on the relationship between intellectual capital & market share: Evidence from Tehran stock exchange. Risk Governance and Control: Financial Markets & Institutions, 7(4-1), 153-162. https://doi.org/10.22495/rgc7i4c1art7