Saber Sheri Anaghiz Sheri Anaghiz; Bahram Mohseni Maleki Mohseni Maleki
Abstract
In this research, the usefulness of balance sheet and income statement information have been considered in compare with income statement to explain stock returns of 104 sample companies which are accepted in Tehran security exchange since 1382 till 1390. The investors consider future value of stock returns ...
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In this research, the usefulness of balance sheet and income statement information have been considered in compare with income statement to explain stock returns of 104 sample companies which are accepted in Tehran security exchange since 1382 till 1390. The investors consider future value of stock returns at the time of investment in companies share. This research, tried to help the investors to choose a best finance and investment chance. The data utilized to test the research assumptions are generally compound data. To test the research assumptions, multi variable regressions have been applied. The descriptive and perceptive statistical methods, including adjusted multiple, are applied.The result of this research indicated more ability and profitability of stock return at the time of using information in the model of balance sheet and income statement together in compare with only income statement usage. Specially in Loss versus profit companies and Young versus mature companies or with Firms with uncertain future earnings
Yahya Hassas Yeganeh; Matin Hassannejad
Abstract
In this research, the usefulness of balance sheet and income statement information have been considered in compare with income statement to explain stock returns of 104 sample companies which are accepted in Tehran security exchange since 1382 till 1390. The investors consider future value of stock returns ...
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In this research, the usefulness of balance sheet and income statement information have been considered in compare with income statement to explain stock returns of 104 sample companies which are accepted in Tehran security exchange since 1382 till 1390. The investors consider future value of stock returns at the time of investment in companies share. This research, tried to help the investors to choose a best finance and investment chance. The data utilized to test the research assumptions are generally compound data. To test the research assumptions, multi variable regressions have been applied. The descriptive and perceptive statistical methods, including adjusted multiple, are applied. The result of this research indicated more ability and profitability of stock return at the time of using information in the model of balance sheet and income statement together in compare with only income statement usage. Specially in Loss versus profit companies and Young versus mature companies or with Firms with uncertain future earnings
Zahra Dianati Deylami; Amir Hossein Hossein Pour; Hossein Ahmadi
Abstract
One important aspect of accounting research in different countries is acquiring knowledge about situation of accounting systems and finding weaknesses and gaps, providing solutions to resolve existing deficiencies, and upgrading to higher levels. According to the four steps of the evolution steps of ...
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One important aspect of accounting research in different countries is acquiring knowledge about situation of accounting systems and finding weaknesses and gaps, providing solutions to resolve existing deficiencies, and upgrading to higher levels. According to the four steps of the evolution steps of management accounting, the higher the steps, tools of cost management becomes more advanced and reasonably the effect on operating profit more, in this study, examine effect of tools and techniques of management accounting in evolution step of management accounting form on operating profit. Statistical population of the study is financial management companies by the end of 1392 (In Solar Calendar) In Tehran Stock Exchange is accepted. Data is collected by questionnaire. The results show that if evolution step of management accounting firms goes up, operating profit will goes up too, in the meanwhile, there is a exception, that is companies are in the step two have higher operating profit than companies which are in the steps third and fourth of evolution of management accounting.
Mohammad Ali Bagherpour Velashani; Hossein Etemadi; Mahdi Omidfar
Abstract
The purpose of this research is to examine the relationship between thecorporate governance characteristics and accounting restatements due torapid growth of restatements in the world as well as the Iranian capitalmarket. Researchers believe that restatement is a sign of low quality offinancial reporting ...
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The purpose of this research is to examine the relationship between thecorporate governance characteristics and accounting restatements due torapid growth of restatements in the world as well as the Iranian capitalmarket. Researchers believe that restatement is a sign of low quality offinancial reporting by the companies. For doing so, similar to prior studiesand by consideration of the Iranian context a set of different corporategovernance characteristics including power of CEO, CEO changes, blockholders, largest shareholder, auditor type, auditor industry specialization,auditor changes, and finally capital structure are considered. In addition, tocontrol the possible effects of other factors, which could potentially affectfirms'''' restatement decisions, 10 new variables were added to the model.These control variables include return on assets, sales growth, operating cashflow, liquidity ratio, prior year performance, equity financing, debtfinancing, firm size, year, and industry type. The final research sampleincludes 999 observations of the Tehran Stock Exchange (TSE) listedcompanies for the period 2004-2009. The results indicate that CEO changes,auditor changes, auditor industry specialization, auditor size and largestshareholder as well as some financial characteristics such as operating cashflows ratio, liquidity ratio, and firm size are associated with the restatementsof the accounting income. Therefore, the findings support the hypothesis thatcorporate governance mechanisms can improve the quality of financialreporting.
Gholamreza Mansourfar; Farzad Ghayour; Shabnam Khaleghparast Athari
Abstract
The purpose of study is to investigate comparative ability of accountinginformation to predict indices volatility of companies listed in Tehran StockExchange using intelligent methods including Support Vector Machine,Artificial Neural Network and classic Logistic Regression model. Sample ofstudy includes ...
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The purpose of study is to investigate comparative ability of accountinginformation to predict indices volatility of companies listed in Tehran StockExchange using intelligent methods including Support Vector Machine,Artificial Neural Network and classic Logistic Regression model. Sample ofstudy includes 91 companies listed in Tehran Stock Exchange that have beenclassified in 9 industrious groups during time period of 2003-3013.Considering 11 corporate financial variables, study results show that despitepredicting ability of around 60% by Support Vector Machine and ArtificialNeural Network, there is significant difference between actual and predictedresults. Classic Logistic Regression model also can explain only 4%industries’ indices volatility using selected 11 corporate financial variables.Finally, although intelligent methods are superior to classic methods,accounting information solely are not well-explainer variables for predictingindustry index volatility and variety of variables such as financial, political,economical are effective in predicting industry index volatility.
Hossien Fakhari; Javad Mohammadi; Mohsen Hasannataj Kordi
Abstract
The novelty and mandatory rules about establishing of the auditcommittee in Iranian listed companies as one of the important part ofcorporate governance are controversial subject. It has been importantespecially when the real earnings management is involved. It is due to thepossibility of the detection ...
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The novelty and mandatory rules about establishing of the auditcommittee in Iranian listed companies as one of the important part ofcorporate governance are controversial subject. It has been importantespecially when the real earnings management is involved. It is due to thepossibility of the detection of real earning management that is low incomparison with accrual earning management. In companies this researchintend to investigate about audit committee characteristic and real earningmanagement in Iranian listed companies. So we gather data about 112 listedcompanies of TSE during 1392 year and analysis them with cross-sectionalregression.In general our findings show that there is a significant relationshipbetween audit committee characteristics and real earnings management. Alsoour findings help to TSE policy maker for reporting and enforcement ofaudit committee charter. It indicates also that there is a vital need forapplying of corporate governance rules in Iranian listed companies
Abstract
The purpose of the study is to investigate comparative ability of accounting information to predict indices volatility of companies listed in Tehran Stock Exchange using intelligent methods including Support Vector Machine, Artificial Neural Network and classic Logistic Regression model. Sample of study ...
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The purpose of the study is to investigate comparative ability of accounting information to predict indices volatility of companies listed in Tehran Stock Exchange using intelligent methods including Support Vector Machine, Artificial Neural Network and classic Logistic Regression model. Sample of study includes 91 companies listed in Tehran Stock Exchange which have been classified in 9 industry group during time period of 2003-3013. Considering 11 corporate financial variables, study results show that despite predicting ability of around 60% by Support Vector Machine and Artificial Neural Network, there is significant difference between actual and predicted results. Also, classic Logistic Regression model can explain only 4% industries’ indices volatility using selected 11 corporate financial variables. Finally, although intelligent methods are superior to classic methods, accounting information solely aren’t well-explainer variables for predicting industry index volatility and variety of variables such as financial, political, economical … are effective in predicting industry index volatility.
Zahra Dianati Deilami; Amir Hossein Hossein Pour; Hossein Ahmadi
Abstract
One important aspect of accounting research in different countries is acquiring knowledge about situation of accounting systems and finding weaknesses and gaps, providing solutions to resolve existing deficiencies, and upgrading to higher levels. According To The Four Steps Of The Evolution Steps Of ...
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One important aspect of accounting research in different countries is acquiring knowledge about situation of accounting systems and finding weaknesses and gaps, providing solutions to resolve existing deficiencies, and upgrading to higher levels. According To The Four Steps Of The Evolution Steps Of Management Accounting, The Higher The Steps, Tools Of Cost Management Becomes More Advanced And Reasonably The Effect On Operating Profit More, In This study, examine Effect of tools and techniques of Management Accounting in evolution step of management accounting form on operating Profit. Statistical Population of the Study Is Financial Management Companies by the End of 1392 (In Solar Calendar) In Tehran Stock Exchange Is Accepted. Data Is Collected By Questionnaire. The results show that if evolution step of management accounting firms goes up, operating profit will goes up too, in the meanwhile, there is a exception, that is Companies are in the step two have higher operating profit than companies which are in the steps third and fourth of evolution of management accounting.
Saber Sheri Anaghiz
Abstract
The company's ability to identify potential funding sources both internal and external, are the main factors of growth and development. The main objective of companies is to maximize shareholder wealth and the company's capital structure is one of the factors contributing to this, that involve financial ...
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The company's ability to identify potential funding sources both internal and external, are the main factors of growth and development. The main objective of companies is to maximize shareholder wealth and the company's capital structure is one of the factors contributing to this, that involve financial resources commensurate with the risk and return. On the other hand, several studies have shown that due to the problems of the traditional theory of capital structure, one of the most important factors, affecting the issues of financing in companies, is financial flexibility. This study examines the impact of financial flexibility on capital structure decisions. For this purpose, the companies listed in Tehran Stock Exchange, 108companies were selected and financial data for the years 1382 to 1392 were studied. The results indicate that current period financial flexibility has a significant and positive relationship with capital structure. The results also suggest that for companies that have negative marginal value of cash, financial flexibility in capital structure decisions, is a priority.
