Investigating relationship between intellectual capital and firm's performance

Resource based view suggests that superior firm performance can derive from uniquenessof resources reconfiguration and integration of existing resources and/or from the ability torespond appropriately to the surrounding industrial environment. Based on this view,performance differs from one firm to another since successful organizations may haveaccess to more strategic resources (physical, human, organizational) than their competitors.Such differences are likely to play an important role in business success in terms ofprofitability. One of The firm's resources is intellectual capital that incorporates innovationcapital and customer capital. This study investigates relationship between innovation capitaland customer capital with financial performance and their complementary interactions with firm performance within their existing technology. Data was collected from 1381- 1386 performance of manufacturing firms provided by Tehran Stock Exchange. Pearson correlation technique was utilized to analyze Research data that was collected from 52 manufacturing firms of which 26 were known as high technology and 26 of low technology firms. The result showed that: both variables (innovation and customer capital) significantly and positively related to financial performance. Moreover, the strength of the relationship between innovation capital and performance in the high technology firms did not indicate any significant difference to that of low technology firms.