Mohammad Reza Mehrabanpour; Mohammad Mehdi Naderi Noorain; Effat Inanlou; Elham Ashari
Abstract
highlighted the role of well-functioning financial systems in investing in different sectors of the economy. The financial systems facilitate the economic growth by aggregating the limited resources for enormous investments. Considering the important role of banks in financial systems and the significant ...
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highlighted the role of well-functioning financial systems in investing in different sectors of the economy. The financial systems facilitate the economic growth by aggregating the limited resources for enormous investments. Considering the important role of banks in financial systems and the significant impact of the Profitability of Banks on their activities, this paper empirically analyses the factors determining the profitability of 15 banks for the period of 1384 – 1393. It should be noted that the higher levels of profitability in banks not only enables them to grant further credit, but also facilitates the investment process in risky environments. According to the literature, we divided the factors into two groups: bank specific factors and macroeconomic factors. The results of examining hypothesis using panel analyses and Eviews software and the return on equity (ROE) as the profitability measure, indicate that there is a positive relationship between the profitability factors and the asset structure, revenue diversification, economic growth and inflation. In addition, capitalization, capital structure, size, industry concentration and interest rate have a negative effect on bank profitability.
Abstract
In the recent decades, in developing countries, economic growth has been so important. Existence of a well-function financing systems is crucial for investment in different parts of economy. Financing systems can facilitate countries economic growth, by concentrating, scarce resources and funds for large ...
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In the recent decades, in developing countries, economic growth has been so important. Existence of a well-function financing systems is crucial for investment in different parts of economy. Financing systems can facilitate countries economic growth, by concentrating, scarce resources and funds for large investments. Due to key role of banks on financing systems and significant effect of profitability on operation of them, studying about influencing factor on banks profitability has so importance. It’s worthwhile to note, greater profitability not only allows the bank to create funds to grant greater credits but also facilitates investment on risky environment for regulators of banks. Due to the provided explanation, in this research, influencing factors on banks profitability was investigated. It’s also worthwhile to note, Return on Equity (ROE) was used as the index of profitability. Sample of study encompasses 15 banks in the period of 2006-2015 for 10 years. Liner regression model with combination approach was used. Based on literature, influencing factors are divided in two groups: The first group encompasses bank-specific factors and the second one encompasses factors related to industry structure and macro-economic environment. Results indicated that assets structure, revenue diversification, economic growth and inflation have positive relation with bank profitability while capitalization, financial structure, size, bank competition and interest rate have negative relation with bank profitability.
V Khodadadi; M Arabi; F Taheri
Volume 9, Issue 34 , July 2012, , Pages 151-172
Abstract
The timing of an annual report announcement is a disclosure decision that managers must make. The users recognize timeliness as an important characteristic of usefulness of accounting information. In this research, we investigate relationship between a set of explanatory variables (such as returns on ...
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The timing of an annual report announcement is a disclosure decision that managers must make. The users recognize timeliness as an important characteristic of usefulness of accounting information. In this research, we investigate relationship between a set of explanatory variables (such as returns on equity, changs of stock return, financial risk and size) and timing of annual financial reporting. we have used the financial data of 88 firms listed at Tehran Stock Exchange (TSE), that have analyzed for during 2004 to 2010 by using of the Panel Data System and Ordinary Least Square Regressions (OLS) Model. The results of regression show that timeliness in reporting by TSE listed companies is influenced by their profitability. We find that returns on equity and changes in stock returns are positively associated with the annual financial reports earlier and financial risk and changes in financial risk are negatively associated with the annual financial reports earlier. In addition, the results indicate that the timing of annual report releases is significantly affected by company size.
M. Araab Mazar Yazdi; R. Taher Khani
Volume 8, Issue 29 , April 2010, , Pages 97-113
Abstract
As a functional and economical procedure, the change of firm ownership into generalization, leads to a growth in firm fund and as a result, an Expansion in its commercial operation. The need for great funds in commercial units and the formation of corporation as a result, leaded to separation of ownership ...
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As a functional and economical procedure, the change of firm ownership into generalization, leads to a growth in firm fund and as a result, an Expansion in its commercial operation. The need for great funds in commercial units and the formation of corporation as a result, leaded to separation of ownership from manager firms, and so to a conflict among the managers and the owners. In recent years, corporate governance-including a network of connections among stockholders, managers, accountants, and other beneficiaries- has been posed as a decreasing factor of the great discrepancy among stockholders and also the segregation of ownership from commercial unit control. One of the most important factors which contribute to the control of management relationship is the board of director and its composition. As a result, it is of crucial importance to survey factors related to board composition and its effect on the firm operation.
The locative domain of this survey is the collection of listed Companies in Tehran Stock Exchange and its temporal domain lies between year1382 till 1386. On the basis of this, the chosen samples include 130 firms.
Considered questions in this research have been posed as six hypotheses. The result of hypothesis testing shows that corporate governance variables including the number of members of board, the number of its non-executive members and the number of major shareholders have no effect on the return on equity (ROE), but on the other hand, this variables affect Tobin’s. The results show that the number of board members has a negative and at the same time negligible effect on Tobin’s, but the nonexecutive members of board and the number of majority shareholders have positive and also insignificant effect on Tobin’s.
H.R Baradaran Shoraka; S.M Seyed Motahari
Volume 5, Issue 20 , January 2008, , Pages 1-35
Abstract
In this article we have tried to consider the relation between four important macro-economic variables including: GDP (excluding petroleum), petroleum revenue, investment in the section of structuring and inflation with three majors accounting variables including: net operational profit margin ratio, ...
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In this article we have tried to consider the relation between four important macro-economic variables including: GDP (excluding petroleum), petroleum revenue, investment in the section of structuring and inflation with three majors accounting variables including: net operational profit margin ratio, rate of return on asset and return on owner's equity since 1376 up to 1385 in Tehran Stock Exchange Market.
Due to high correlation among three economic variables (GDP, petroleum revenue and investment in structuring) for testing the hypotheses, factor analysis has been applied and used.
