Özet:

Intellectual capital is the assets that are not usually included in balance sheets. Nowadays, intellectual capital is the core of competence of companies and it gains attentions increasingly. This article mainly aims at predicting bankruptcy using survival analysis and examining the relationship between intellectual capital components, value added and risk of bankruptcy. The population under study includes the food and drink industrial companies listed on Tehran Stock Exchange.The present research uses survival analysis (life table and proportional hazard regression)  to predict bankruptcy. Bankruptcy prediction using survival analysis was accurate in 81.3% of cases. The results obtained from studying the effect of intellectual capital components on predicting bankruptcy showed that intellectual capital components are not appropriate predictors for bankruptcy. However, the results obtaining from the effect of value added on predicting bankruptcy using Cox regression showed that value added could be used as a predictor.

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