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Title Investigating the Relationship between Intellectual Capital, Financial Performance and Market Capitalization.

Author(s) Adil Khan

Abstract ABSTRACT Title: Investigating the Relationship between Intellectual Capital, Financial Performance and Market Capitalization. This study examines the effects of intellectual capital and financial performance on the market capitalization of cement sector firms listed in Pakistan stock exchange. The study covers the gap in respect to Pakistan as these three variables have not been simultaneously explored and investigated in the context of Pakistani firms. The study analyzed the data of twenty cement sector firms listed on Pakistan stock exchange for the period 2007 to 2016. Correlations and regression analysis are applied to document the results of the study. This study also demonstrated that intellectual capital has positive effect on the market capitalization of cement sector firms listed on Pakistan stock exchange. The results are as per the findings of previous researchers who also predicted similar results for the relationship of these variables, intellectual capital and financial performance with market capitalization. The results reported a positive effect of human capital on market capitalization in these selected firms of the cement sector. Which are very similar to the findings of previous studies, who argued that human capital is positively correlated with market capitalization. The results showed a positive significant effect of structural capital and relational capital on market capitalization. Similarly, financial performance and its different proxies, i.e. ROA and ROE have also positive and statistically significant impact on market capitalization of theses selected cement sector firms of Pakistan. The results support the findings of previous studies which also found similar positive relationship between financial performance and market capitalization. Keywords: Intellectual Capital, Financial Performance, Market Capitalization, cement sector Firms.

Type Thesis/Dissertation MS

Faculty Management Sciences

Department Management Sciences

Language English

Publication Date 2018-09-05

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Rights NUML Peshawar Campus