The mediating effect of corporate performance on the influence of intellectual capital and perceived environmental uncertainty on capital structure

Understanding and determining capital structure are important for developing countries because firms in the countries are faced with highly competitive and dynamic environment. Financial accounting literatures have highlighted the important role of non-financial factors such as intellectual capital...

Full description

Saved in:

Bibliographic Details
Main Author:	Soheilirad, Somayeh
Format:	Thesis
Language:	English
Published:	2016
Subjects:	HD28 Management Industrial Management
Online Access:	http://eprints.utm.my/id/eprint/78994/1/SomayehSoheiliradPFM2016.pdf
Tags:	Add Tag No Tags, Be the first to tag this record!

id	my-utm-ep.78994
record_format	uketd_dc
spelling	my-utm-ep.789942018-09-19T05:22:37Z The mediating effect of corporate performance on the influence of intellectual capital and perceived environmental uncertainty on capital structure 2016 Soheilirad, Somayeh HD28 Management. Industrial Management Understanding and determining capital structure are important for developing countries because firms in the countries are faced with highly competitive and dynamic environment. Financial accounting literatures have highlighted the important role of non-financial factors such as intellectual capital (IC) as a main value added factor for companies, and perceived environmental uncertainty (PEU) as unpredictable contingency factor from a dynamic environment on corporate performance. Therefore, it is important for organizations rely more on non-financial than financial factors to achieve higher competitive advantage. Moreover, the relationship between corporate performance and capital structure is strong. Due to the influence of non-financial factors of IC and PEU on corporate performance, capital structure decision making will be difficult. Identifying the most important non-financial factors affecting corporate performance from these environments and their relationship with capital structure is the main issue in today’s dynamic conditions. This research examined the relationship between non-financial factors of IC and PEU and evaluated their influence on capital structure directly or indirectly by considering corporate performance as mediator. Questionnaires were distributed to 339 public listed Iranian manufacturing companies selected by census. Data were analyzed using structural equation modeling. The main findings of this study are IC can enhance corporate performance, PEU is positively linked to corporate performance, and corporate performance is positively linked to capital structure. The results also indicated a full mediating role of corporate performance in the relationship between PEU and capital structure. This study contributes to determining capital structure decision making, by considering IC and PEU in the context of companies in Iran. Further in-depth research is needed to examine the links between non-financial factors with different measurement perspectives and capital structure to develop a deeper understanding of their effect on capital structure. 2016 Thesis http://eprints.utm.my/id/eprint/78994/ http://eprints.utm.my/id/eprint/78994/1/SomayehSoheiliradPFM2016.pdf application/pdf en public http://dms.library.utm.my:8080/vital/access/manager/Repository/vital:106262 phd doctoral Universiti Teknologi Malaysia, Faculty of Management Faculty of Management
institution	Universiti Teknologi Malaysia
collection	UTM Institutional Repository
language	English
topic	HD28 Management Industrial Management
spellingShingle	HD28 Management Industrial Management Soheilirad, Somayeh The mediating effect of corporate performance on the influence of intellectual capital and perceived environmental uncertainty on capital structure
description	Understanding and determining capital structure are important for developing countries because firms in the countries are faced with highly competitive and dynamic environment. Financial accounting literatures have highlighted the important role of non-financial factors such as intellectual capital (IC) as a main value added factor for companies, and perceived environmental uncertainty (PEU) as unpredictable contingency factor from a dynamic environment on corporate performance. Therefore, it is important for organizations rely more on non-financial than financial factors to achieve higher competitive advantage. Moreover, the relationship between corporate performance and capital structure is strong. Due to the influence of non-financial factors of IC and PEU on corporate performance, capital structure decision making will be difficult. Identifying the most important non-financial factors affecting corporate performance from these environments and their relationship with capital structure is the main issue in today’s dynamic conditions. This research examined the relationship between non-financial factors of IC and PEU and evaluated their influence on capital structure directly or indirectly by considering corporate performance as mediator. Questionnaires were distributed to 339 public listed Iranian manufacturing companies selected by census. Data were analyzed using structural equation modeling. The main findings of this study are IC can enhance corporate performance, PEU is positively linked to corporate performance, and corporate performance is positively linked to capital structure. The results also indicated a full mediating role of corporate performance in the relationship between PEU and capital structure. This study contributes to determining capital structure decision making, by considering IC and PEU in the context of companies in Iran. Further in-depth research is needed to examine the links between non-financial factors with different measurement perspectives and capital structure to develop a deeper understanding of their effect on capital structure.
format	Thesis
qualification_name	Doctor of Philosophy (PhD.)
qualification_level	Doctorate
author	Soheilirad, Somayeh
author_facet	Soheilirad, Somayeh
author_sort	Soheilirad, Somayeh
title	The mediating effect of corporate performance on the influence of intellectual capital and perceived environmental uncertainty on capital structure
title_short	The mediating effect of corporate performance on the influence of intellectual capital and perceived environmental uncertainty on capital structure
title_full	The mediating effect of corporate performance on the influence of intellectual capital and perceived environmental uncertainty on capital structure
title_fullStr	The mediating effect of corporate performance on the influence of intellectual capital and perceived environmental uncertainty on capital structure
title_full_unstemmed	The mediating effect of corporate performance on the influence of intellectual capital and perceived environmental uncertainty on capital structure
title_sort	mediating effect of corporate performance on the influence of intellectual capital and perceived environmental uncertainty on capital structure
granting_institution	Universiti Teknologi Malaysia, Faculty of Management
granting_department	Faculty of Management
publishDate	2016
url	http://eprints.utm.my/id/eprint/78994/1/SomayehSoheiliradPFM2016.pdf
_version_	1747818122047389696

The mediating effect of corporate performance on the influence of intellectual capital and perceived environmental uncertainty on capital structure

Similar Items