Financial Accounting
Mohammad Khatiri; Ali Ghasemi; Mahtab Darvishtabar Ahmad Chali; Omid Mehri Namak Avarani
Abstract
The present study investigates the effect of ownership structure in adjusting relationship between related party transactions and unexpected audit fees in loss-making companies. In this way and order to achieve research objectives; Data of 71 companies were extracted for a ten-year period from the beginning ...
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The present study investigates the effect of ownership structure in adjusting relationship between related party transactions and unexpected audit fees in loss-making companies. In this way and order to achieve research objectives; Data of 71 companies were extracted for a ten-year period from the beginning of 2010 to the end of 2019, the research variables were calculated and the necessary statistical tests were performed. The method of this research is descriptive-correlational and its design is experimental using post-event approach. The Results Findings There is a positive and significant relationship between transactions with related parties and unexpected audit fees, and the independence of board of directors and duality of CEO's role have a significant effect on this relationship. On the other hand, the size of the board and CEO stability; They had no significant effect on this relationship. Conclusion say Transactions with related parties increase the unexpected costs of auditing and the independence of the board of directors and the duality of the role of the CEO reduce the relationship between transactions with related parties and unexpected auditing costs.
Saeed Allah Bakhshi; Parviz Piri; Mehdi Heidari
Abstract
The aim of this study is to review the effect of the ownership structure (governmental and private) on the relationship between the disclosure quality and the cost of capital. To achieve this purpose, a sample of 107 firms listed in the Tehran Stock Exchange during the years 2006 to 2015 were selected ...
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The aim of this study is to review the effect of the ownership structure (governmental and private) on the relationship between the disclosure quality and the cost of capital. To achieve this purpose, a sample of 107 firms listed in the Tehran Stock Exchange during the years 2006 to 2015 were selected using systematic elimination method and data were analyzed using correlation method and panel data model in E-views and Stata software’s. The results show that with increasing the disclosure quality, the cost of capital reduces. The state ownership has a significantly positive effect and the private ownership also has a significantly negative effect on the cost of capital. The findings also suggest that the state ownership as a moderator variable has a significantly positive effect on the relationship between the disclosure quality and the cost of capital and the private ownership has a significantly negative effect on the relationship between the disclosure quality and the cost of capital.
M.H. Botshekan; M. Rahbari Kharazi
Volume 6, Issue 22 , July 2008, , Pages 1-21
Abstract
The objective of this research is to determine the extent to which shareholders' rights are observed. To this end, a questionnaire of 26 questions was designed according to the second OECD principle of corporate governance and was distributed among the university professors, directors and CEOs of investment ...
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The objective of this research is to determine the extent to which shareholders' rights are observed. To this end, a questionnaire of 26 questions was designed according to the second OECD principle of corporate governance and was distributed among the university professors, directors and CEOs of investment companies, qualified auditors and financial experts. 108 completed questionnaires were collected and analyzed using binominal test, T student, and Friedman test for ranking. The tests showed that shareholders' rights are not observed in Tehran Stock Exchange listed companies. Subsequently, using Friedman test, the extent to which the 7 elements of shareholders rights under the present circumstances, the order of importance of these elements in view of the participants in the survey, as divided by the 4 groups of participants are determined.
S.H. Alavi Tabari; A. Rahmani; SH. Maki
Volume 6, Issue 22 , July 2008, , Pages 73-96
Abstract
This study has investigated the IPOs’ long-term performance, in Tehran Stock Exchange. The purpose of this study was to examining if IPOs underperform in long-term. Furthermore, this study has investigated the effects ...
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This study has investigated the IPOs’ long-term performance, in Tehran Stock Exchange. The purpose of this study was to examining if IPOs underperform in long-term. Furthermore, this study has investigated the effects of some features of IPO firms on IPOs’ long-term performance (e.g. size and profitability of the firm before the IPOs, ownership structure and IPOs' short-term returns ). The sample included 143 IPOs in Tehran Stock Exchange from 1376 to 1386. The results show that IPOs in Tehran Stock Exchange under-performs in long-run. There is a negative and significant relationship between size and the profitability of the firms before the IPO and IPOs' long-run performance. State-ownership and structure of ownership have no effects on long-term performance. Finally, there is no relationship between short-term return and long-term performance of IPOs.
