Investigating the moderating role of job concerns and company life cycle on the relationship between ceo ability and investment in intellectual capital

Subject Areas : Journal of Capital Market Analysis

marzieh kalaei ¹ , Khadijeh Khodabakhshi Parijan ² , samira zarei ³

1 - accounting department, West Tehran Branch, Islamic Azad University, Tehran, Iran
2 - accounting department, West Tehran Branch, Islamic Azad University, Tehran, Iran
3 - accounting department, West Tehran Branch, Islamic Azad University, Tehran, Iran

Received: 2022-10-11 Accepted : 2023-06-09 Published : 2023-05-22

Keywords: CEO ability, Company life cycle, Job Concerns, Investing in Intellectual Capital,

Abstract :

The purpose of this study was to investigate the moderating role of job worries and company life cycle on the relationship between CEO ability and investment in intellectual capital. The life cycle of the company is done using the four divisions of growth, maturity, decline and stagnation. The CEO's ability has been done using Dimerjan (2012) model and data analysis technique and Nadim et al. (2021) approach was used to measure intellectual capital.The statistical population of this study was all companies listed on the stock exchange in the period 2013 to 2020. The statistical sample was selected by systematic removal method for 149 companies. The statistical software used in this research was EV 10 version. The research method was applied in terms of purpose and post-event in terms of data collection method. Data analysis was performed using the panel data technique.The results showed that there is a significant relationship between the ability of the CEO and investing in intellectual capital so that capable managers pay more attention to investing in intellectual capital. Managers' job concerns undermine the link between the CEO's ability to invest in intellectual capital. It was also found that the life cycle in the growth phase leads to strengthening the relationship between the ability of the CEO and investing in intellectual capital, and in other stages of the life cycle, including maturity, amplification and stagnation, the relationship between the ability of the CEO and investing in intellectual capital is weakened.