Investigating the effect of intellectual capital and financial performance on stock liquidity in process companies in Tehran Stock Exchange

The issue of liquidity in recent years has attracted much attention in academic studies as well as in important journals. Liquidity of an asset is "the ability to buy and sell that asset in the shortest possible time and cost." The purpose of this study is to investigate the effect of intellectual capital components and financial performance on stock liquidity in process companies listed on the Tehran Stock Exchange. The statistical sample was selected using census sampling method. Therefore, 167 companies have been studied during the years 1394 to 1399. The research hypotheses were tested using linear regression and the results of regression among the studied sample showed that the dimensions of intellectual capital including physical capital, human capital and structural capital have a positive and significant effect and return on assets has an inverse and significant effect. It has a stock liquidity ratio.