Year of Graduation
The Impact of Intellectual Capital on the Company’s Performance Indicators
The Research is devoted to the definition of the relationship between the intellectual capital of the company and its market value. The Research topic is relevant in view of the fact that to date there is still no definitive results on the impact of intellectual capital on company performance. The sample included 74 Russian companies in five different industries, from 2006-2013 year. the company Intellectual capital was is estimated by CIV in this study was The results showed that the CIV (p = 0,000) has a negative impact on the value of the company, one of the reasons for this result can be considered features of the Russian economy, as well as the tendency of investors who still do not consider investment in intellectual capital, may bring future benefits to company. Moreover, the influence of industry sector in the value of the company that has not produced positive results. It should be noted in the model included the control variables capital expenditures, the company's age were significant. Results of the study can serve as a basis for future empirical research in the field of evaluation and impact of IC on the company performance.