ENTELEKTÜEL SERMAYE ETKİNLİĞİNİN FİRMA KÂRLILIĞI VE FİRMA DEĞERİNE ETKİSİ: BORSA İSTANBUL BİLGİ VE İLETİŞİM TEKNOLOJİLERİ FİRMALARINDA BİR ARAŞTIRMA.

The purpose of the research is to test the effect of intellectual capital efficiency on firm profitability and firm value of firms operating in the information and communication technologies sector in Borsa Istanbul (BIST). The research sample consists of thirteen firms and covers the years between 2010 and 2020. The relationship between the effectiveness of intellectual capital components and firm performance is tested by constructing two different models and panel regression analysis. The dependent variables in the models are ROA (Return on Assets) and MTB (Market Value / Book Value) and the independent variables are the efficiency coefficients of the components in the VAICTM (Value Added Intellectual Capital Coefficient) model (HCE - human capital efficiency, SCE - structural capital efficiency, CEE - working capital efficiency). According to the research findings, the impact of intellectual capital components on firm performance is quite limited. Among the intellectual capital efficiency coefficients, only CEE has a positive effect on ROA. There is no relationship between intellectual capital efficiency components and MTB. [ABSTRACT FROM AUTHOR]