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The Effect of Intellectual Capital and Board Characteristics on Value Creation and Growth

Author

Listed:
  • Mahdi Salehi

    (Department of Economics and Administrative Sciences, Ferdowsi University of Mashhad, Mashhad 9177948974, Iran)

  • Grzegorz Zimon

    (Department of Finance, Banking and Accountancy, The Faculty of Management, Rzeszow University of Technology, 35-959 Rzeszow, Poland)

Abstract

The present study evaluates the relationship between intellectual capital and corporate board characteristics on value creation and growth. Different work experiences and education were two indexes of intellectual capital, and gender diversity was the only characteristic of board members. The study’s statistical population includes companies listed on the Tehran Stock Exchange during 2012–2018. Panel data regression models were employed to elucidate the relationship between research variables. The obtained results indicated that the intellectual capital of the board members of companies listed on the Tehran Stock Exchange does not affect companies’ value and growth. According to the results, appointing female managers should not be dependent on firm growth because gender diversity does not affect the value creation and growth of companies listed on the Tehran Stock Exchange.

Suggested Citation

  • Mahdi Salehi & Grzegorz Zimon, 2021. "The Effect of Intellectual Capital and Board Characteristics on Value Creation and Growth," Sustainability, MDPI, vol. 13(13), pages 1-16, July.
    • Handle: RePEc:gam:jsusta:v:13:y:2021:i:13:p:7436-:d:587546
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    References listed on IDEAS

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    Cited by:

    1. Md. Sohel Rana & Syed Zabid Hossain, 2023. "Intellectual Capital, Firm Performance, and Sustainable Growth: A Study on DSE-Listed Nonfinancial Companies in Bangladesh," Sustainability, MDPI, vol. 15(9), pages 1-23, April.
    2. Mahmoud Lari Dashtbayaz & Amjed Hameed Mezher & Khalid Haitham Khalid Albadr & Bashaer Khudhair Abbas Alkafaji, 2023. "The Relationship between Intellectual Capital and Audit Fees," JRFM, MDPI, vol. 16(2), pages 1-28, February.

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