Author/Authors :
Alizadeh، Rahmat نويسنده Department of Business Management, Babol Branch, Islamic Azad University, Babol, Iran , , Nabavi Chashmi، Seyed Ali نويسنده , , Jahani Bahnamiri ، Asghar نويسنده M.A., Department of Business Management, Babol Branch, Islamic Azad University (IAU), Babol, Iran ,
Abstract :
The purpose of this paper is to examine the association between corporate governance and Intellectual capital in the pharmaceutical companies accepted in Tehran Stock Exchange over the period 2004-2009 using a regression based model. The study investigates the impacts of three some independent variables of the corporate governance (i.e. the number of board members, the relative extent of nonexecutive to executive directors, the auditing committee). The results suggest that corporate governance had no special effect on intellectual capital in the pharmaceutical companies. Furthermore among corporate governanceʹs variables, the first one (i.e. board size) had negative impact on firmsʹ intellectual capital and the second and the third variables had no effects on intellectual capital.
