M.H. Setayesh0F; M. Ebrahimi Maimand1F
Abstract
Today companies try to say that they are a good investment choice and Attempt to improve firm value by disclosure of information. In this study relationship between ownership by different types of institutional investors - including Dedicated, Quasi-Indexing and Transient institutions - and disclosure ...
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Today companies try to say that they are a good investment choice and Attempt to improve firm value by disclosure of information. In this study relationship between ownership by different types of institutional investors - including Dedicated, Quasi-Indexing and Transient institutions - and disclosure quality, is examined. For this purpose data from 103 companies listed in Tehran Stock Exchange for period of 2007 to 2012 was analyzed using the logistic regression model. Companies’ score for disclosure, issued by Security and Exchange Organization, is used to measure the disclosure quality. Results show that quality of disclosure is different for companies owned by different types of institutions. Results show that there is direct and significant relationship between ownership by dedicated institutions and quality of disclosure, and ownership by Transient institutions and quality of disclosure are in an indirect significant relationship. Also there were no significant relationship between Quasi-indexing institutions and quality of disclosure
mohammad hoseine setayesh; F kashanipour
Volume 9, Issue 36 , January 2012, , Pages 1-21
Abstract
The purpose of this study is to investigate the effect of intellectual capital components in determining the performance of listed companies in Tehran Stock Exchange. Intellectual capital components include Human Capital, Relation Capital, Innovation and Procedure Capitals. Return on Equity (ROE) ratio ...
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The purpose of this study is to investigate the effect of intellectual capital components in determining the performance of listed companies in Tehran Stock Exchange. Intellectual capital components include Human Capital, Relation Capital, Innovation and Procedure Capitals. Return on Equity (ROE) ratio of the companies was used as the surrogate for performance. The study sample consists of 56 companies during 2007-2011. Panel data method with fixed effects was applied to analyze of research data in EViews 6. The findings reveal that Research and Development Percentage (RDP) and how long companies have been registered in TSE organizations stable or OS and other variables, negatively and positively affected ROE. However, only OS variable is statistically significant in 95% certainty level.
M. H. Setayesh; M. Jamalian Pour
Volume 7, Issue 25 , April 2009, , Pages 127-146
Abstract
This article explores the changes and effects of capital structure on the production of products. For this purpose we test hypotheses with simple and logistic multi-regression analysis. This research use data related to 341 corporations that were listed in Tehran Stock Exchange from 1378 to 1387. ...
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This article explores the changes and effects of capital structure on the production of products. For this purpose we test hypotheses with simple and logistic multi-regression analysis. This research use data related to 341 corporations that were listed in Tehran Stock Exchange from 1378 to 1387. The findings of the research are follows:
A significant statistic relation was seen between the components of capital structure (The only exceptions were registered capital) and companies' capacity in getting access to the predicted products.
Between change in short-term liabilities, allowance for labors' work and retained earnings in capital structure and actualization of predicted products are observes a statistically significant relation. In addition, components of capital structure and changes in them can predict ability of manufacturing amount that predicted in first of fiscal year. Lastly the results show that with over use components of capital structure and changes in them one can predict through 95.9 percent increase or decrease in products manufacturing.
M.H. Setayesh; M. Kazemnejad; M. zolfaghari
Volume 6, Issue 23 , October 2008, , Pages 43-65
Abstract
This study investigates the effects of working capital management on the profitability of the firms listed in Tehran Stock Exchange. Withthis regard, variables such as receivables collection period, inventory conversion period, accounts payable payment period, and cash conversion ...
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This study investigates the effects of working capital management on the profitability of the firms listed in Tehran Stock Exchange. Withthis regard, variables such as receivables collection period, inventory conversion period, accounts payable payment period, and cash conversion cycle are used for the measurement of working capital management, and Return on Assets (ROA) is used for the measurement of profitability of the firms. Moreover, Sales growth, Leverage, and Size are used as control variables. Using multiple regression and considering the results of investigations of 224 firms in the period from 1382 to 1386, we find that there is a negative significant correlation between receivables collection period, Inventory conversion period, and cash conversion cycle with the profitability of firms listed in Tehran Stock Exchange. No evidence confirming significant correlation between accounts payable payment period and profitability is found. Considering this, the negative significant correlation between profitability and Cash conversion cycle measuring the joint effects of receivables collection period, Inventory conversion period and Accounts payable payment period indicates that firms can increase their profitability and create value for their stockholders by appropriate management of working capital and decreasing Cash conversion cycle logically.
