Intellectual capital and firm performance

In this thesis, the intellectual capital effect on the firm value and performance of 112 companies listed on Borsa Istanbul and included in the BIST 100 Index was analyzed using the VAIC method developed by Ante Pulic (Value Added Intellectual Capital) method. The analysis of the annual frequency data between 2015-2019 was carried out using panel data technique. The relationship between the effectiveness of the added value, which constitutes the basic components of a company's total resources, and the profitability, efficiency and market value, which are the main financial performance evaluation criteria of the firms, was examined using correlation and multiple linear regression model analyzes. As a result of the analysis, it was determined that intellectual capital did not affect Return On Assets (ROA) and Return on Equity (ROE), which are accounting based performance indicators. In contrast, we found that intellectual capital has positively and statistically significantly affected Assets Turn Over (ADH) and market performance (MB).