Value added Intellectual coefficient and its elements influence on theeconomic development of Iranian food industries

This quantitative study seeks to obtain empirical evidence on the relationship between the value added intellectual coefficient and its elements of companies with their economic development. Toward that aim, the data was extracted from a panel consisting of 48 Iranian food industrial companies listed in the Tehran Stock Exchange (during 2002 - 2011). In this article, as independent variables were used Value Added Intellectual Coefficient (VAICTM), and its elements effect on the economic development was measured using Operating Income divided by Sales (OI/S) as an indicator of economic development has been studied. The method of multiple regressions has been used to predict the impact of these variables. The findings show that companies’ VAICTM and its two elements include capital employed and human capital efficiency, as strong factors in their economic performance forecasts, has a direct and significant influence on their economic development, but there is not significant relationship between structural capital efficiency as third elements and dependent variable

Keywords:

Intellectual capital , VAICTM , capital employed , human capital , structuralcapital , economic development