M.A. Thesis:

Moderating Role of Intellectual capital on Board Characteristics and profit sustainability

Abstract This study aims primarily at investigating moderating role of intellectual capital on the relevance between the characteristics of board and profit sustainability in Tehran Stock Exchange. Profit sustainability embodies characteristics of accounting information-based profit quality and accounts for an index assisting investors in foreseeing future profits and cash flows. Profit sustainability is fundamentally based on current profit repeatability. The more the profit sustainability, meant that the company is potent to sustain current profits, presumably the higher the company’s profit quality. The present study was accomplished for a 5-year period over 2013-2017. Financial leverage and company size as a control variable are used in this study. After reviewing information availability, study companies’ data was gathered and categorized using Excel software and then analyzed with EViews. Results of study revealed that a positive and meaningful relationship exists between board’s size and independence and profit sustainability. But, the relationship between numbers of sessions with profit sustainability was negative and meaningful. No relationship was figured out concerning the board’s gender diversity and profit sustainability, either. As well as, moderating impact of intellectual capital variable on the relationship between size, independence, and number of sessions with profit sustainability was positive and meaningful, while it had no effect on the relationship between board’s gender diversity and profit sustainability

Keywords: number of sessions with profit sustainability was positive and meaningful, while it had no effect on