Iranian Journal of Accounting, Auditing and Finance

Iranian Journal of Accounting, Auditing and Finance

The Effect of Board Characteristics on Intellectual Capital: Case of Iran and Iraq

Document Type : Original Article

Authors
Hossien Shaval 1
Safoura Rouhi 2
1 Economics and Administrative Sciences, Baghdad University, Baghdad, Iraq
2 Economics and Administrative Sciences, Khayyam University, Mashhad, Iran
10.22067/ijaaf.2021.40721
Abstract
 The present study is concerned about the relationship between the board characteristics and intellectual capital efficiency in companies listed on the Iran and Iraq Stock Markets.
A multivariate regression model is used for this study. Research hypotheses were tested using a 903 firm-year observation sample from the Tehran Stock Exchange and 280 firm-year observations from the Iraq Stock Exchange during 2012-2018 for both counties based on multiple regression patterns and pooled data techniques. The results show that there is a significant relationship between board characteristics and efficiency of intellectual capital, which means there is a negative and significant relationship between the board independence, the board size, CEO ownership, and CEO gender, and intellectual capital and a positive and meaningful relationship between CEO change and intellectual capital both in Iran and Iraq. However, while the relationship between board independence and intellectual capital is negative in Iraq, such a relationship is positive and significant in Iran.
Keywords
Intellectual Capital
Human Capital Efficiency
Structural Capital Efficiency
Communicational
Capital Efficiency
Board Characteristics
Subjects
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