Özet:

Improvements in intellectual capital, which reflects real value of a company and is the company’s invisible vital assets, can increase the credit rating of the company. The purpose of this research is to reveal the relationship between intellectual capitals of companies in Turkey taking credit rating score from independent rating agencies, and their credit score. The study includes the hypothesis. Data were collected from Borsa Istanbul Exchange and the reports of rating agencies such as Fitch, Moodys, S&P, JCR Eurasia Rating etc. Intellectual capital was measured using market value to book value ratio. As results of the correlation analysis, there is no significant relationship between intellectual capitals of companies and their credit rating. In conclusion, recommendations were given for future studies.

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