Intellectual capital plays essential role in corporate performance and this paper examines the impact of intellectual capital and its components on the ratio of corporate operating profit on sales as an indicator of economic performance. The study was accomplished among 1035 companies listed on Tehran Stock Exchange and by using the Pulic-2004 model over the period 2005-2012. The results indicate that intellectual value added coefficient, as an indicator of intellectual capital efficiency, preserves a positive effect on sales and efficiency of structural capital and capital employed maintains a positive and meaningful effects on different financial ratios.

A value chain is a chain of necessary activities that a company operating in a specific industry executes in order to deliver a valuable product or service for the market. Value chain plays essential role for development of a successful business unit. This paper presents an empirical investigation to study the effects of value chain on capabilities of knowledge production, implementation and distribution. The impact is also studied for effective knowledge implementation for economic development. Using historical economic data of World Bank database gathered from member countries of the Organization of Islamic Cooperation, the study has detected positive and meaningful effects of Value Chain Presence on Knowledge Economy Index and Knowledge Index.

Management teams are always expected to provide transparent financial reports for public. Different characteristics such as honesty, conservatism as well as management capability may play essential role for the success of businesses in supply chain. The proposed study of this paper considers the effects of three factors; namely management capability, management honesty and management conservatism on quality of financial statements. The proposed study collects the information of 92 firms from Tehran Stock Exchange over a nine-year period from 2004 to 2012. Using some statistical tests, the study has concluded that only management honesty could influence on quality of financial reports. In our study, conservatism did not have any impact on the quality of financial reports and it seems that managers have to take more risk in order to reach financial objectives.