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

Mahdi Salehi, Grzegorz Zimon
2021 Sustainability  
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.
more » ... he 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.
doi:10.3390/su13137436 doaj:979c77663eb449c494516dee3eae0e1f fatcat:jtxzsmopurg45pewlduw24gtjq