The Ownership Structure and Value Added of Intellectual Capital

This paper studies the effect of ownership structure of firms listed in the Tehran Stock Exchange on value added coefficient of intellectual capital. The ownership in this research has divided into director, corporate, and institutional ownership and the value added of intellectual capital is measured using PULIC model. The sample of this research consists of 81 firms in eight years (2003-2010). In order to analyze the data, SPSS software and to test of hypothesis the regression method has been used in this research.The results show that director ownership doesn’t have a significant linear relation with value added coefficient of intellectual capital but corporate and institutional ownership have a positive relation with value added coefficient of intellectual capital. In this research, the control variable of company size has been used in the model and it is cleared that the size of company has a positive relationship with value added coefficient of intellectual capital.