Abstract
Today, in many countries, particularly the developing countries, economic reform, such as privatization, is considered a strategic approach. The more governments grow, the tighter the competitions become in the market, so, it appears that some fields should be privatized in order to create competition. ...
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Today, in many countries, particularly the developing countries, economic reform, such as privatization, is considered a strategic approach. The more governments grow, the tighter the competitions become in the market, so, it appears that some fields should be privatized in order to create competition. By moving towards privatization and the changes in competition methods and the presentation of the World Trade, the importance of management accounting is more pronounced. This research is based on the Contingency Theory of Anderson and Lenan (1999) and it investigates the relation of the level of privatization on the performance of privatized companies with emphasis on the use of management accounting tools as an intermediary variable. The data, related to management accounting tools and used by the companies during 6 years, was collected through questionnaires and the data related to privatization and financial performance was collected using the information registered in the statements of 48 accepted companies on Tehran’s Stock Market whose dates of acceptance are before 1387 and were continuously active until 1392. This data was analyzed by PLS 2014. The results indicate a positive relation between financial performance and privatization, and management accounting, as an intermediary variable, enhances this relation. Furthermore, the use of management accounting tools has a positive relation with the financial performance and the privatization of companies.
H. Mahmoodabadi; Z. Zamani
Abstract
AbstractCorporate risk taking is important perspective related to performance.This paper is investigating the relationship between corporate risktaking and financial performance along with checking for the impactof corporate governance mechanism on risk and performance linkage.To achieve the mentioned ...
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AbstractCorporate risk taking is important perspective related to performance.This paper is investigating the relationship between corporate risktaking and financial performance along with checking for the impactof corporate governance mechanism on risk and performance linkage.To achieve the mentioned goal 101 companies listed on Tehran StockExchange over the period of 2005 to 2012 (including 808 firm- years)were examined through correlation test and using the liner regressionmodel. Result show corporate risk taking have significant positiverelationship with financial performance. In addition, boardindependence have significant negative relationship with corporaterisk taking; while association of Institutional investor and board sizeand corporate risk taking is not significant. Findings also show thatboard independence, board size and institutional investor have directsignificant impact on the relationship between corporate risk takingand financial performance
Gholamhossein Asadi; Mariya Yokhneh Alghiaee
Volume 11, Issue 41 , April 2014, , Pages 83-103
Abstract
A great change and shift from financial resources to knowledge is being experienced nowadays. Physical and financial assets are essential but not enough to reach organizational goals, instead, knowledge, technological settings, good customer relations, information systems,... those constitute organization’s ...
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A great change and shift from financial resources to knowledge is being experienced nowadays. Physical and financial assets are essential but not enough to reach organizational goals, instead, knowledge, technological settings, good customer relations, information systems,... those constitute organization’s Intellectual Capital, are known as key success factors in information era. It’s believed that intellectual capital, including human capital and structural capital, has important and growing role in firm’s performance and affects on it’s financial achievements. This paper examines the effect of intellectual capital and it’s components on firm’s financial performance. The essential data are taken from 1383 -1388 fiscal years’ annual reports of publicly traded firms listed on the Tehran stock exchange and 816 firm-years are studied. Results of hypotheses testing show that, VAIC has positive effect on the four financial performance indicators. Between VAIC components, capital employed efficiency has the most effect on firms’ financial performance.
