Purpose-
The purpose of this study is to examine the impact of intellectual capital on firm’s market
value. Intellectual capital includes three main components i-e human capital, capital
employed and structural capital and firm’s market value is examine through market-to-bookratio.
Methodology/sample-
The data taken from the five listed companies of pharmaceutical companies of Pakistan
Stock Exchange. The period observed for the research was from 2006 to 2015. Where as,
Eviews software is applied for the testing of different hypothesis.
Findings-
Results support the research and conclude that structural capital has significant relationship
with market value. Where as, capital employed and human capital has non-significant
relationship.
Practical Implications-
The results assists in understanding intellectual capital and its impact on various other
variables in which we can see that structural capial is significant variable and should be
considered properly for increasing market value of the firm.
Nabeel Khalid, 01-120121-062(Bahria University Islamabad Campus, 2015)
To understand risk return relation, many researchers have created different sort of
models, each having its own set of assumptions and varied risk factors involved in the
analysis to postulate about the best results. ...
Sadia Saeed, 01-221121-047(Bahria University Islamabad Campus, 2013)
The thesis aims to explore the concept of intellectual capital in Public Sector Universities
of Pakistan. Intellectual capital is the value of the institute’s employee knowledge and
training provided to them to improve ...
Muhammad Usman, 01-120092-040; Osama Razkat, 01-120092-044; Haider Ali, 01-120092-017; Ammar Altaf Gurmani, 01-120092-009(Bahria University Islamabad Campus, 2012)
Today the global markets are very volatile and uncertain. There are many reasons for this and terrorism is one of them. Many developed and under developed nations have serious concerns about this. And the issue which ...
