The Efficiency of Intellectual Capital and Its Impact On Enhancing The Added Value of Shareholders

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Mohanad Hameed Yasir, Aram Mohammed Obaid

Abstract

The current study seeks to measure the impact of the efficiency of intellectual capital, which consists of the following measurement indicators: (human capital efficiency, structural capital efficiency, physical capital efficiency) as an independent variable, in the added value of shareholders, as a dependent variable, and to determine the type of relationship between variables The study, in the industrial joint-stock companies,  the study sample. To achieve the objectives of the study and answer its questions, the study was tested on a sample of joint-stock industrial companies, using the data published on the website of the Iraq Stock Exchange for the period from (2010-2020) and the sample included (10) Listed industrial companies. In addition, it sought to test the sub-hypotheses related to the influence relationships between the variables of the current study to answer the questions related to the problem of the recent research and reach the objectives set. (Jarque-Ber)  The method of least squares, and the most critical finding of the study is that the money that organizations spend on developing and investing intellectual capital, such as marketing and advertising expenses, infrastructure development, databases, and employee development programs, are considered as investments that help create added value for shareholders in the future.


 

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