Accounting and various aspects of finance
Mousa Bozorg Asl; Mohammad Ebrahimi noudeh; Javid Yarahmadi
Abstract
This research has been conducted with the aim of experimental test of the effect of political relations on the amount of investment of companies and its efficiency in the period of 2012 to 2019 of companies listed in the Tehran Stock Exchange. The method of data collection is archival and reference to ...
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This research has been conducted with the aim of experimental test of the effect of political relations on the amount of investment of companies and its efficiency in the period of 2012 to 2019 of companies listed in the Tehran Stock Exchange. The method of data collection is archival and reference to databases and the method of data analysis is multivariate regression model using panel data model and fixed effects method. The results show that the relationship between political relations and the amount of investment as well as investment efficiency is positive and significant. These results indicate that companies with political connections have more investment than other companies and investment efficiency is higher in companies with political connections. According to the research findings, it can be seen that companies with political connections invest more and more efficiently than other companies due to their government benefits and privileges, as well as the ease of attracting financial resources.
seyed ali Vaez; Rahim Bonabi ghadim; Sajjad Chinekesh
Abstract
The value of a company is influenced by many factors such as the weakness of internal controls and the information quality resulting from it. In the meantime, level of investment and credit rating of the company can offset the weaknesses of internal controls and prevent devaluation of the company in ...
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The value of a company is influenced by many factors such as the weakness of internal controls and the information quality resulting from it. In the meantime, level of investment and credit rating of the company can offset the weaknesses of internal controls and prevent devaluation of the company in this respect. The purpose of study was to investigate the effect of investment and credit rating on relationship between internal control weakness and firm value. This study was a descriptive- post event one in nature and method, an applied one objectively. To test the research hypotheses, 112 companies listed on the Tehran Stock Exchange for the period 2012 to 2018 were selected and studied. The results of hypothesis testing showed that internal control weakness had a negative effect on firm value and Investment has no effect on the relationship between internal control weakness and firm value but credit ratings has effected relationship between internal control weakness and firm value and increases the Firm value. In other words, a high credit rating, as an alternative to weak internal control, prevents from increase in the cost of capital.
Mahdi Sadidi; Ahmad Mohamadi Saniani
Volume 11, Issue 41 , April 2014, , Pages 105-129
Abstract
The goal of this paper is to study of Relationship between cash flow sensitivity of investment with capital expenditure..the sample has been divided into two parts, over investment and under investment companies with using measure of investment mean and shown that the cash flow sensitivity of investment ...
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The goal of this paper is to study of Relationship between cash flow sensitivity of investment with capital expenditure..the sample has been divided into two parts, over investment and under investment companies with using measure of investment mean and shown that the cash flow sensitivity of investment in over investment companies is greater than under investment companies .also Positive relationship have been shown between market to book ratio and capital expenditure. Also by using multiple measure (ratio of dividend, size and KZ index) representative of financial constraints, we understand that positive relationship is exist between cash flow sensitivity of investment with dividend ratio and size and negative relationship is exist between cash flow sensitivity of investment and KZ index.
Farrokh Barzideh; Sasan Allahgholi
Volume 6, Issue 21 , April 2008, , Pages 83-107
Abstract
This study compares returns from using two different strategies technical analysis and Buy-Hold strategy- of investment in Iranian capital market. For this purpose, we calculate the returns from active strategy arising from Bollinger Bands and Relative Strength Index (RSI) model and compare with ...
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This study compares returns from using two different strategies technical analysis and Buy-Hold strategy- of investment in Iranian capital market. For this purpose, we calculate the returns from active strategy arising from Bollinger Bands and Relative Strength Index (RSI) model and compare with the return from using the Buy-Hold as a passive strategy, for the period of 1376-1386.
Our results show that during of our study period, the returns from active strategy by using Bollinger Bands and Relative Strength Index (RSI) model do not exceed the return from using the Buy-Hold as a passive strategy in the TSE. However, Bollinger Bands and Relative Strength Index (RSI) model has a lower return variance relative to Buy-Hold strategy. Therefore, in point of view of risk, the active strategy is more advantageous than the passive strategy.
