M. A. Aghaei; A. A. Javan; M. Nazemi Ardakani; E. Mousavi
Volume 7, Issue 25 , April 2009, , Pages 87-103
Abstract
Decision making about capital structure and determining its effectiveness is increasingly important subject in managing of firms. In addition, earnings management is one of the effective factors on capital structure in corporate governance subjects. This study aimed to investigate the impact of earnings ...
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Decision making about capital structure and determining its effectiveness is increasingly important subject in managing of firms. In addition, earnings management is one of the effective factors on capital structure in corporate governance subjects. This study aimed to investigate the impact of earnings management, Profitability ratios and firm size on the capital structure of listed companies of Tehran Stock Exchange (TSE) in the period of 1382-1386. A sample of 125 companies of TSE was taken for research study. For the analysis of data, multiple regression model approach was applied. Gearing ratio was taken as dependent variable whereas absolute discretionary accruals, ROA, ROE, and Size were used as independent variables. The results indicate that absolute discretionary accruals have insignificant effect on dependent variable. According to the results, Size, and ROE have positive Impact on the capital structure of the listed companies in Tehran stock exchange.
Mohamad Kashanipoor; Amir Rasaiian
Volume 5, Issue 20 , January 2008, , Pages 129-157
Abstract
Market Value Added is important measure in firms' performance measurement. The main goal of this paper is to review the relationship between MVA and some measures of performance measurement such as EVA~ROA, SRE, PBT/S ...
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Market Value Added is important measure in firms' performance measurement. The main goal of this paper is to review the relationship between MVA and some measures of performance measurement such as EVA~ROA, SRE, PBT/S and OCF. Therefore 189 sample firms that their required data for a 10 years period (1376-1385) was available are selected. Then the related data to 5 independent variables are reviewed. MVA is calculated as dependent variable too. The simple regression model is used to examine the hypothesis. The method of the regression model is panel data regression. Signification of models is examined by T and F statistics. The conclusions indicate that there are significant relationships between MVA and EVA, ROA, SRE and OCF. The conclusions account for that EVA is the best measure to explain the changes in MVA.
Hossein Etemadi; Banani Mahdi
Volume 5, Issue 19 , October 2007, , Pages 73-91
Abstract
One aim of investors in the purchasing of company stocks is using from the dividends. Investors enjoy from the cash flow and want to receive assure for particular amounts in the determine time, on the other hand, dividends payout can indicate the financial healthy and suitable condition of company for ...
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One aim of investors in the purchasing of company stocks is using from the dividends. Investors enjoy from the cash flow and want to receive assure for particular amounts in the determine time, on the other hand, dividends payout can indicate the financial healthy and suitable condition of company for investors. So companies can use this weapon in their sharing price and also guiding the investors. The aim of this research is the consideration of the payment dividends balance dependent with the company operation of two assessment equivalent including the economic value added and return on assets. In order to consider the subject of 88 companies select that was necessary to account the research variables and the suitable statistic testing perform like the correlation tests, This research results is that the dividends has weak cohesion with economic value added and it has no cohesion relation with return on assets.
Therefore, we can conclude that payment or nonpayment of dividends cannot indicate the suitable or unsuitable operation of company and increasing or decreasing of dividends also should not be indicate for fairness or unfairness investment in the company ,so utilization of dividends don't recommend to take the investment and credit decisions by investors and creditors.
Hassan Ali Sinaei; Farzad Ahmadi
Volume 1, Issue 3 , October 2003, , Pages 95-125
Abstract
The aim of this research is to find any relationship between productivity and profitability indexes; the fact that whether productivity level movement affects the profit movement or not? And if there is any relationship between them, how is it?
To Study the subject , among population of private and ...
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The aim of this research is to find any relationship between productivity and profitability indexes; the fact that whether productivity level movement affects the profit movement or not? And if there is any relationship between them, how is it?
To Study the subject , among population of private and public companies of foodstuffs and drinkables groups - which had been accepted in Tehran stock exchange - a sample of 27 members was selected by random method; they were studied from 1375 (the beginning of financial year) to 1374 (the end of financial period).
In this research, profitability indexes determine the profitability of the firm unit. These indexes are consisting of sale return ratio, return on assets ratio and equities return ratio.
Necessary information collected from basic statements of affairs enclosure notes, meeting reports and documents of other companies in Tehran Stock exchange. Finally all of them were analyzed.
According to this information, productivity indexes of labor forces and capital - based on the value added approach – was determined as dependent variable.
In the next step, Profitability ratios of companies in the sample was determined as dependent variable and the relationship between dependent and independent variables was determined by statistical methods of coefficient of correlation.
