Intellectual capital has been measured by many, coined by some, agreed upon by few, and formally and practically assessed by none. Intellectual management is believed to depend on value creation in the contemporary era of corporate knowledge. Intellectual capital understood as intangible assets that include customer information, technology, reputation, brand name and corporate culture. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get Original Essay Human factors as they show a vital role in an organization, the concept of intellectual capital is gaining rapid recognition where efforts are driven towards creating a knowledge-based model. The ever-changing and evolving business environment limits companies to seek different answers to the complications they face and to use all available resources more efficiently. According to Bollen (2005) for creating business value and nurturing competitive advantage, IC is a key player. Contemporary accounting standards do not require recognition of IC in corporate financial statements, and few of them disclose such elements of IC in annual reports. According to Brüggen, Vergauwen and Dao (2009), the presence of asymmetry is increasing among users and companies due to the absence of IC disclosures in the financial statements. Standardization is complex in terms of “soft” intangible assets. Companies need to “know what they know” and how they can use their knowledge to gain a sustainable competitive advantage. Various studies have been conducted to know which are the potential candidates to be listed as an element of intellectual capital disclosure and which have driven the performance of organizations. Youndt & Snell (2004) conducted a study entitled “Human resource configurations, capital and organizational performance”, which aimed to introduce intellectual capital as an arbitrating factor between human resource configurations and organizational performance. According to the study, HR systems were found to be fundamental in building intellectual capital. In many literatures this study has been cited and cited for conducting studies in different national contexts. In another study by Crook, Todd, Combs, Woehr, and Ketchen (2011), designed to find a relationship between firm performance and human capital, presented a meta-analysis of past literatures. The study surprisingly revealed that human capital is strongly correlated with company performance. The authors also provided interesting information that strength is present when human capital is not available for free trade, and researchers use performance measures that are not easily subject to misappropriation. Díaz-Fernández, González-Rodríguez, and Simonetti (2015) found a positive relationship between top management diversity and firms that have complex financial dynamics. In the study, the intellect of top management was given priority and attention for a closer look. Chan et al. (2009) stated that in Hong Kong, listed companies and investors prefer tangible assets, which is a factor to consider for future research. The author further presented that from the study it was identified that business markets are based more on physical assets than intangible ones. Nurunnabi, Hossain, and Hossain (2011) conducted a study in Bangladesh and found that stock market growth in the recession period excluded IC disclosures. The authors also found that size and industry are.