M. Araab Mazar Yazdi; R. Taher Khani
Volume 8, Issue 29 , April 2010, , Pages 97-113
Abstract
As a functional and economical procedure, the change of firm ownership into generalization, leads to a growth in firm fund and as a result, an Expansion in its commercial operation. The need for great funds in commercial units and the formation of corporation as a result, leaded to separation of ownership ...
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As a functional and economical procedure, the change of firm ownership into generalization, leads to a growth in firm fund and as a result, an Expansion in its commercial operation. The need for great funds in commercial units and the formation of corporation as a result, leaded to separation of ownership from manager firms, and so to a conflict among the managers and the owners. In recent years, corporate governance-including a network of connections among stockholders, managers, accountants, and other beneficiaries- has been posed as a decreasing factor of the great discrepancy among stockholders and also the segregation of ownership from commercial unit control. One of the most important factors which contribute to the control of management relationship is the board of director and its composition. As a result, it is of crucial importance to survey factors related to board composition and its effect on the firm operation.
The locative domain of this survey is the collection of listed Companies in Tehran Stock Exchange and its temporal domain lies between year1382 till 1386. On the basis of this, the chosen samples include 130 firms.
Considered questions in this research have been posed as six hypotheses. The result of hypothesis testing shows that corporate governance variables including the number of members of board, the number of its non-executive members and the number of major shareholders have no effect on the return on equity (ROE), but on the other hand, this variables affect Tobin’s. The results show that the number of board members has a negative and at the same time negligible effect on Tobin’s, but the nonexecutive members of board and the number of majority shareholders have positive and also insignificant effect on Tobin’s.
Mohamad Arabmazar Yazdi; M. Mostafazadeh
Volume 6, Issue 23 , October 2008, , Pages 1-18
Abstract
This study provides events about the impact of Earnings Management on the Value-Relevance of Earnings and Book Value with comparison of short term and long-term discretionary accruals. According to the result of this study, in Tehran Stock Exchange (TSE), Earnings management reduces the value-relevance ...
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This study provides events about the impact of Earnings Management on the Value-Relevance of Earnings and Book Value with comparison of short term and long-term discretionary accruals. According to the result of this study, in Tehran Stock Exchange (TSE), Earnings management reduces the value-relevance of earnings and increases the value-relevance of book value and also the effect of long-term discretionary accruals on the value relevance of earnings and book value is greater than the effect of short-term discretionary accruals on the value relevance of earnings and book value.
Ali Saghafi; Mohammad Arab Mazaryazdi; Rafik Baghomian
Volume 3, Issue 10 , July 2005, , Pages 127-156
Abstract
The fast moving pace of developments on the Information and Communication Technologies (ICT) and especially on the Internet, affects all aspects of society. In accounting, the Internet provides a new and revolutionary method of financial reporting. It is fast, cheap and increasingly accessible to shareholders ...
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The fast moving pace of developments on the Information and Communication Technologies (ICT) and especially on the Internet, affects all aspects of society. In accounting, the Internet provides a new and revolutionary method of financial reporting. It is fast, cheap and increasingly accessible to shareholders and other stakeholders of the firms.
Despite above mentioned evolution, there is a little attention toward such changes in Iran.
The organization of this paper is as follows. It first provides a brief literature review of Internet Financial Reporting (IFR) and describes some theoretical approaches on i t. Thereafter the paper reports current situation of IFR and then predicts immediate and future trends of it. The last section reviews the current situation of IFR i n Iran and finally makes suggestions to improve the situation.
M. Arab Mazar Yazdy; A. Massihabadee
Volume 2, Issue 5 , April 2004, , Pages 95-130
Abstract
The purpose of this research is to study the effects of accounting information on investors ' perception, judgment, and decision making processes. A cognitive process conceptual model which is based on covariance structural modeling (casual modeling) was used to realize the goal. The main question in ...
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The purpose of this research is to study the effects of accounting information on investors ' perception, judgment, and decision making processes. A cognitive process conceptual model which is based on covariance structural modeling (casual modeling) was used to realize the goal. The main question in this research is: whether all Investors’ perception, judgment and decision making processes, in relation with information assessment and accuracy and soundness decision choices, is the same when they are presented with financial information? Based upon Meyers Briggs Type Indicator (MBTI) subjects were placed in one of two main groups, Data Driven and concept Driven. They were managers and high experts of investment companies, and they decided about investing in real corporations after assessment and judgment on those corporations' financial information.
In this research extracted principles of psychology have consolidated with methodology outputs in psychometric, econometric, and statistical techniques in a covariance structural modeling framework. Findings suggest that accounting information effect on Data Driven and concept Driven Investors' perception and judgment, and perception and judgment is an important determinant in investment or non-investment. On the other hand , Investors' perceptual, judgmental and decision choices are not the same, Data-Driven investors make better decisions and concept-Driven decision makers evaluate financial information (financial ratios ) more positively.
