The Relationship between Profitability criteria and Risk With stock price Based on Cash Flow Patterns
(Case study: companies growing and declining)
Mohammad
Namazi
استاد گروه حسابداری دانشگاه شیراز
author
Asgar
Pakmaram
استادیار گروه حسابداری دانشگاه آزاد اسلامی واحد بناب
author
Ghodrat
Ghaderi
دانشجوی دکتری حسابداری دانشگاه آزاد اسلامی واحد بناب
author
text
article
2017
per
The paper is presented one of the company's life cycle phases of separation methods by Dickinson (2010). In The method for the separation of life cycle of the company is used established patterns of positive and negative symptoms as Three-ply classes’ cash flow (operating, investing and financing). Allocating to each phase of enterprise life cycle cash flow patterns have been made through to the economic theories. The main purpose of this experimental study is evaluating and determining the correlation between the accounting values and market value of shares of stock companies and attempts to evaluate correlation between profitability criteria, criterion to assess the risk with stock price based on cash flow patterns according to previous studies such as Dickinson, Anthony and Ramesh (1992). Population of investigation is the company listed in the Tehran Stock Exchange from 1384 to 1391 and were analyzed on basis of both growth and decline in cash flow patterns. The research is used Correlation strategy, practical approach. The findings of show that variables of earnings per share, return on assets, return on equity, sales growth, the ratio of market value to book value of shares and financial leverage of companies that are in the early phase of their life cycle (growth) are stronger relationship than companies that are in the end of the life cycle (decline) with stock prices in the capital market in stock prices that resulting from cash flow patterns.
Accounting and Auditing Research
Licence Holder
Iranian Accounting Association
Director & Editor-in-chief
Ali Saghafi(PhD)
Director & General Secretary
Naser Partovi
Editorial Assistant
Maryam Asgharzadeh Badr
2251-8428
9
v.
33
no.
2017
4
23
https://www.iaaaar.com/article_98755_f675dfcac2478d275c7413d4dc71783a.pdf
The Study of Value Relevance of Disaggregated Profitability Based on the New Framework of Financial Statements proposed by IASB & FASB, for Tehran Stock Exchange Companies.
Iman
Momeni
دانشجوی دکتری حسابداری، دانشکده علوم اداری و اقتصاد، دانشگاه اصفهان
author
Daryoush
Foroghi
دانشیار گروه حسابداری، دانشکده علوم اداری و اقتصاد، دانشگاه اصفهان
author
Hadi
Amiri
استادیار گروه اقتصاد، دانشکده علوم اداری و اقتصاد، دانشگاه اصفهان
author
text
article
2017
per
The purpose of this research is to study the effect of disaggregating the firm profitability on the information content of earning elements of financial statements. This study is a descriptive and analytical research and falls into the correlation-analytical regression research category.
In this paper, the staff draft of IASB & FASB (2010) regarding to changing the framework of financial statements, is used for profitability disaggregation into two elements of operating activities profitability and financing activities profitability. For this purpose, first we introduce the statement of comprehensive income proposed by IASB & FASB staff draft and compare its elements with the traditional statement of comprehensive income and income statement.
For performing this research, information of 181 firms from Tehran stock exchange has been accumulated and consolidated in the period 2002 to 2014. Also, for testing the hypothesis, we used the regression model analysis for pooled data in Eviews7 and Stata12 statistical soft wares.
The results show that disaggregated profitability into operating and financing segments has meaningfully higher value relevance with stock return in compare with aggregated year end profit.
Accounting and Auditing Research
Licence Holder
Iranian Accounting Association
Director & Editor-in-chief
Ali Saghafi(PhD)
Director & General Secretary
Naser Partovi
Editorial Assistant
Maryam Asgharzadeh Badr
2251-8428
9
v.
33
no.
2017
24
41
https://www.iaaaar.com/article_98756_b97e4c0044675f6973bc54e04079217d.pdf
The effect of organizational complexity on earnings forecasting behavior
Azam
Zali
کارشناس ارشد حسابداری، دانشگاه آزاداسلامی،واحدتهران مرکزی
author
Azita
Jahanshad
دانشیار گروه حسابداری، دانشگاه آزاداسلامی،واحدتهران مرکزی
author
text
article
2017
per
Today the emergence of complexity has such its growthrapidityso that current century called complexity century. complexity theory has been spread in all of science andspeciallyin management and accounting. Organizational complexity is a feature that makes difficult to understand the activities and operation of the company.
Therefore, in this study the effect of each component of organizational complexity on accuracy and management optimisms in relation to provide forecasting earning has been examined. For this study, field research and library research were used. For statistical analysiswere used multivariate regression analysis model and Spss and Eviews software.The results obtained from 97 companies during 2009 to 2013,at 95 percent significance level, indicate that organizational complexity in its two side, cost and information, had decreased effect on the accuracy and optimism of management’s forecasting earning.
Accounting and Auditing Research
Licence Holder
Iranian Accounting Association
Director & Editor-in-chief
Ali Saghafi(PhD)
Director & General Secretary
Naser Partovi
Editorial Assistant
Maryam Asgharzadeh Badr
2251-8428
9
v.
33
no.
2017
42
55
https://www.iaaaar.com/article_98757_5d902f2512eae6b45813dd1617a46e17.pdf
Identify and Ranking the Effective Factors On the Implementation of Continuous Auditing By TOPSIS Technique
Sahar
Sepasi
استادیار حسابداری دانشکده مدیریت و اقتصاد، دانشگاه تربیت مدرس
author
Fayezeh
Ghasemi
دانشجوی کارشناسی ارشد حسابداری دانشگاه تربیت مدرس
author
text
article
2017
per
Continuous auditing is a concept that refers to the more frequent audit reports, and by using new technologies tries to push audit process toward more automation and exception reporting. The implementation of this system definitely needs a lot of variables.
The aim of this study is to identify and ranking the factors affecting the implementation of continuous auditing in internal audit department. This research is theoretical fundamental and descriptive survey. By review existing literature and theoretical foundation of continuous auditing, 421 general factors were identified and these factors due to the similarities, overlaps and relation with each other, summarized in 50 main variables and were classified in 7 groups. The hypothesis of the research were suggested based on these 7 groups and according to the literature. Through the interviews with expert audits, the relation between these factors and implementation of continuous auditing was examined. Data were analyzed through TOPSIS technique and the factors were ranked. The results showed that 48 variables have a strong relation with the implementation of continuous auditing and staff’s competence, achieved the highest rating among these factors. The relation between outsourcing and increased corporate social responsibility with the implementation of continuous auditing system were not confirmed.
Accounting and Auditing Research
Licence Holder
Iranian Accounting Association
Director & Editor-in-chief
Ali Saghafi(PhD)
Director & General Secretary
Naser Partovi
Editorial Assistant
Maryam Asgharzadeh Badr
2251-8428
9
v.
33
no.
2017
56
73
https://www.iaaaar.com/article_98758_0b051e388703a977333ebb7deb6a6f17.pdf
Directorial corporate capital and information disclosure quality
Seyed Ali
Hosseini
استادیار حسابداری دانشگاه الزهرا، ایران
author
Sepideh
Sadat Agah
دانشجوی کارشناسی ارشد حسابداری دانشگاه الزهرا، ایران
author
text
article
2017
per
This research examines the relationship between social and human directorial capital of CEO and board of directors with corporate 's information disclosure quality. Human capital consists of education and work experience and social capital is a measure of the director's external network. Also we use the approach suggested by Kim and Verrechia (2001) as our measure of the disclosure quality. For examining the hypotheses given by 82 companies for the years 1388, 1390 and 1392 were collected.. This research includes two distinct models. The first one is designed to investigate the relationship between human and social capital with disclosure quality and the second one is designed to compare the impact of human and social on disclosure quality between insiders and outsiders. The results of the first model show that only education is positively related to disclosure quality while there is no significant relationship between work experience and networking with disclosure quality. Also the results of model number two indicate no significant difference in the impact of human and social capital on disclosure quality between insiders and outsiders.
Accounting and Auditing Research
Licence Holder
Iranian Accounting Association
Director & Editor-in-chief
Ali Saghafi(PhD)
Director & General Secretary
Naser Partovi
Editorial Assistant
Maryam Asgharzadeh Badr
2251-8428
9
v.
33
no.
2017
74
87
https://www.iaaaar.com/article_98759_0fbce46bcb42b065518758b5adf5446e.pdf
The effect of out-sourcing on Health Services Costs of Qom Health Center by Activity based Costing approach
Ali Mohammad
Ghadiri
استادیار گروه حسابداری، دانشگاه صنعت نفت، تهران، ایران
author
KArim
Nazari
معاون اجرائی مرکز بهداشت استان قم
author
Marzieh
Ahmadzadeh
کارشناس ارشد حسابداری، دانشکده مدیریت، دانشگاه قم، ایران.
author
text
article
2017
per
This study attempts to calculate and compare the cost of services provided in the non-governmental and governmental health care bases under Qom health center in the year of 2013 in order that present an accurate financial assessment of effectiveness of outsourcing based on ABC system. This study is a practical research done by descriptive-analytic method in a periodical and retrospective form. The results of the study show that cost (based on ABC method) of each services on the health care service in government sector is more than non-governmental sector. Also number of services in nongovernmental sectors is more than government sectors. So due to low cost nongovernmental health care services and increasing services offered by them, Outsourcing benefits to the Qom University of Medical Sciences. Researcher suggests to Director of University investigate outsourcing of other governmental health service providers to nongovernmental sectors or decreasing the kind of services that provided by them.
Accounting and Auditing Research
Licence Holder
Iranian Accounting Association
Director & Editor-in-chief
Ali Saghafi(PhD)
Director & General Secretary
Naser Partovi
Editorial Assistant
Maryam Asgharzadeh Badr
2251-8428
9
v.
33
no.
2017
88
107
https://www.iaaaar.com/article_98760_322621383b54b3bf270822381aee2028.pdf
The Investigation of Mediating Effect of Costs of Research and Development Disclosure on the Relationship between Product Market Competition and Stock Returns
Yahya
Kamyabi
استادیار، عضو هیئت علمی حسابداری دانشگاه مازندران،
author
Fatemeh
Saberi
دانشجوی کارشناسی ارشد حسابداری دانشگاه مازندران
author
text
article
2017
per
This study aims to examine the mediating effect of costs of research and development disclosure on the relationship between product market competition and stock returns of listed companies on Tehran Stock Exchange. We collected data from financial statements and the reports of the company’s board of directors a sample of 97 listed companies during 1389-1393. We used an adjusted Check List for measuring R&D, and adjusted Lerner Index was utilized for measuring product market competition. The results indicate that product market competition is associated with research and development disclosure. In addition, the findings show that product market competition is significantly related to stock returns. More importantly, the finding shows the cost of research and development disclosure (R&D) has mediating effect on the relationship between research and development disclosure and stock returns. This finding means that the more product market competition, however, disclose the cost of research and development (R&D) and return on equity will be more. Furthermore, the disclosure of the cost of research and development (R&D) is significantly and positively associated with stock returns.
Accounting and Auditing Research
Licence Holder
Iranian Accounting Association
Director & Editor-in-chief
Ali Saghafi(PhD)
Director & General Secretary
Naser Partovi
Editorial Assistant
Maryam Asgharzadeh Badr
2251-8428
9
v.
33
no.
2017
108
127
https://www.iaaaar.com/article_98761_1db3e32b88a2117cb41187257078109c.pdf
Themoderating effect of the sticky cost on the relationship between the earning qyality and its determinants
Abbas
Alimoradi Sharifabadi
استادیار گروه حسابداری، دانشگاه صنعت نفت، ایران
author
Mohammad
Tabari Joybari
کارشناس ارشد حسابداری، دانشگاه آزاد واحد تهران شمال، ایران
author
Hadiseh
Gholami
دانشجوی کارشناسی ارشد حسابداری، دانشگاه شهید چمران اهواز، ایران
author
text
article
2017
per
In this study, the effect of business group membership on the relationship between determinants of Earning’s Quality (including earning nature, predictability, persistence, and auditing quality) and the Earning’s Quality was studied. In order to test the proposed hypothesis in this regard, the financial data from listed companies in Tehran Stock Exchange were collected and used. Two different samples (one sample of the group members companies and another one of independent companies) of the listed companies in Tehran Stock Exchange for the years from 2007 to 2012 were selected and the related data were processed by the Excel and Eveiws software. To test the hypotheses, the technique of multiple regressions was used and model’s statistics were estimated for both samples, then using the T-test the results were compared for two above-mentioned samples. In this study which was conducted as the first study in this regard in Iran, assessing the role of the determinants of the earning quality in business groups companies compared to independent companies counterparts reveals useful information for managers, investors and users of financial statements to be laid.
Accounting and Auditing Research
Licence Holder
Iranian Accounting Association
Director & Editor-in-chief
Ali Saghafi(PhD)
Director & General Secretary
Naser Partovi
Editorial Assistant
Maryam Asgharzadeh Badr
2251-8428
9
v.
33
no.
2017
128
141
https://www.iaaaar.com/article_98762_9d6b2c138ce48cbedbff0a832520dd6e.pdf
Examine the relationship between ROI,ROI,ROE in holding companies
Hossein
Jahangirnia
عضو هیئت علمی دانشگاه ازاد اسلامی واحد قم
author
Abdollah
Shir Mohammadpour Gorjani
دانشجوی دکتری حسابداری دانشگاه آزاد اسلامی واحد تهران مرکز
author
Sadegh
Kheirandish
کارشناس ارشد مهندسی صنایع
author
text
article
2017
per
The main goal of this study is the statement of the relationship between audit quality and auditor specialization on earnings management in listed Companies of Tehran stock exchange. In other words, this study has tried to answer the question whether high-quality audit and auditor specialization in firms accepted in the Tehran Stock Exchange shows or not shows the low earnings management company?
To answer the question in this study, have been investigated 77 companies adopted the Tehran Stock Exchange in the period 2008 to 2012. In this study, for evaluation of the variable earnings management have been used model Adjusted Jones (1995) and for evaluation of the variable audit quality have been used criteria for auditor size, auditor tenure and auditor specialization. Research to test hypotheses to significance level of 95 percent has been used t and F tests and regression model and determining factor. It is worth mentioning has been used panel data to Analysis Models.
The result showed that overall audit quality on earnings management is effective and enhancing audit quality has been prevented earnings management by clients. Furthermore, the component auditor size and auditor tenure on earnings management are considered, and it reduced. Also, the results showed that there is no significant relationship between auditor specialization and earnings management.
Accounting and Auditing Research
Licence Holder
Iranian Accounting Association
Director & Editor-in-chief
Ali Saghafi(PhD)
Director & General Secretary
Naser Partovi
Editorial Assistant
Maryam Asgharzadeh Badr
2251-8428
9
v.
33
no.
2017
142
157
https://www.iaaaar.com/article_98763_f8311717eea39d3c10d9eaf32f1b351d.pdf