Authors : Seyed Kazem Ebrahimi, Fatemeh Jalali and Tahereh Behroz Far
Abstract: As a group of investors having access to vast financial sources, institutional shareholders play significant role in developing economically capital market. Nowadays, the role of institutional shareholders has been received increasingly attention in financial markets of other countries as a medium of cash transfer and saving to capital market and management of resources. The goal of the research is to study the relationship between long-term institutional shareholders and intellectual capital in the companies listed on Tehran Stock Exchange. Hence, 105 companies among Tehran Stock Exchange were selected and studied from 2009-2013. Pulic Model was used to study the components of intellectual capital and multivariate regression analysis was used to measure its relationship with long-term shareholders. According the findings, there is a negative relationship between long-term shareholders and the efficiency of relational capital and there is a positive significant relationship between long-term institutional shareholders with the efficiency of structural capital and human capital. Consequently, it can be said that institutional investors play active monitoring role on company decision about the performance of intellectual capital.
Seyed Kazem Ebrahimi, Fatemeh Jalali and Tahereh Behroz Far, 2016. To Study the Relationship Between Long-Term Institutional Shareholders with Intellectual Capital of the Companies Listed on Tehran Stock Exchange. International Business Management, 10: 627-632.