Investigating the effect of the CEO's ability on intellectual capital by considering the moderating variable of job anxiety and the company's life cycle in companies listed on the Tehran Stock Exchange

Document Type : Original Article

Authors
jalal aspookeh
mawlood Peleh
Assistant Professor, Department of Accounting, Mahabad Branch, Islamic Azad University, Mahabad, Iran
10.30495/jik.2024.77461.4502
Abstract
Intellectual capital improves the productivity, growth and sustainability of firms. The purpose of this study is to investigate the effect of managerial abilities by considering the moderating role of the CEO's career concerns and the firm's life cycle on intellectual capital components. In order to test the hypotheses, the regression model and the panel data method of 132 non-financial firms of the Tehran Stock Exchange over the period of 1390-1402 have been used. The results show that managerial abilities has a positive and significant effect on intellectual capital components. In general, CEOs who do not have job concerns and have high management ability formulate company policies in such a way that more resources are allocated to intellectual capital investments. The interaction effect of the ability of the CEO and the number of years of employment of the CEO in the company are negative and statistically significant. When in reality there is less career concerns (due to factors other than ability), the effect of managerial ability on intellectual capital is weakened. Similar results were observed for CEO duality. The results show that the alternative variable of the firm's life cycle has a positive and significant effect on the components of intellectual capital, and the dynamic approach to allocating the firm's resources to investment is accepted. Also, the results show that the mutual effect of life cycle and management ability on intellectual capital components is positive and statistically significant
Keywords
CEO Ability
Career Concerns
Firm Lifecycle
Intellectual Capital
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