Mohammad Javad Salim; Jafar Babajani; Abolfazl Jafari
Abstract
One of the essential needs of Iranian financial market participants (including money market and capital market participants) is rating Iranian banks based on their financial strength. This rating helps stakeholders, including shareholders, investors, customers, central bank and etc., to obtain more accurate ...
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One of the essential needs of Iranian financial market participants (including money market and capital market participants) is rating Iranian banks based on their financial strength. This rating helps stakeholders, including shareholders, investors, customers, central bank and etc., to obtain more accurate information regarding inherent safety and soundness of Iranian banks. The aim of this study is rating Iranian banks, based on financial strength, specifically those listed on the Tehran Stock Exchange (TSE) and Iran OTC market. All the banks were separated into two groups of privatized and non-governmental banks. The period of the research is 5 years from 2012 to 2016. For this purpose, first a financial strength score was determined for each of the banks using a reflective component-based model which includes 4 dimensions, 8 factors and 51 indicators, Then the banks were ranked based on their financial strength scores in two separate groups of privatized and non-governmental banks. The results show that privatized banks compared with non-governmental banks have higher financial strength scores. In the group of privatized banks, Mellat Bank had the highest score and hence the highest rank in terms of financial strength. In the group of non-governmental banks, Pasargad Bank, EN Bank and Parsian Bank, respectively had the highest scores and hence the highest ranks in terms of financial strength.
Jafar Babajani; Behrooz Khodarahmi
Volume 11, Issue 41 , April 2014, , Pages 1-36
Abstract
Designing the optimum process of shifting traditional input oriented budgeting toward modern output based budgeting systems; defined as performance budgeting, require a special focus on infrastructural, legal and managerial capacities.The vital success factor of implementing performance budgeting is ...
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Designing the optimum process of shifting traditional input oriented budgeting toward modern output based budgeting systems; defined as performance budgeting, require a special focus on infrastructural, legal and managerial capacities.The vital success factor of implementing performance budgeting is accessing evolutionary managerial skills to coordinating suitable transition from a budgeting system to another one, so the recognition and extraction of key factors of an successful strategic evolutionary management according to adaptive research in best practice countries, could be an illustrator of such an important path. Investigating the shifting trends of OECDs countries budgeting practices shows a clear sequential steps in implementing performance budgeting.In this research, the success performance budgeting indexes in questionary based format gather the experts opinion after a studding the performance budgeting conceptual frameworks of the selected countries successfully implement this view and the appraisal of the reaching consensus about the asked indexes has been done according to the statistical tests.Finally this research shows that the applied paradigm of performance budgeting in IRAN in not suitable, and present a feasible model of implementing such a view in Islamic Republic of Iran.
