Effects of political communication on investment and Reducing financing constraints in Tehran Stock Exchange
Hossein
Etemadi
1. Associate Prof., Accounting, Faculty of economy and management , Tarbiat Modares University, Tehran, Iran
author
Jalil
Ahmadi Gvrjy
2. MSc., Accounting, and member Department of Accounting Education Bureau CHABOKSAR area, Gilan, Iran
author
text
article
2017
per
Many companies in Iran despite efforts by the government to continue the privatization of state controls over the financial and operating policies they can be seen. And given that political connections play an important role in explaining investment behavior and financial status plays, Hence, this paper examines the effects of political communication on the investment behavior of firms and Financial resources is paid in the Tehran Stock Exchange. Therefore hypothesis of using financial data of 135 Iranian companies (38 political participation, political participation, 97) and for the period 1382 to 1390 with a panel regression model Eviews and Stata software was tested. The findings suggest that the relationship between the behavior of the firm's investment policy is effective and Financial constraints have been reduced supply current. The practical implications of this research Financial managers use this information to adjust the financial and operating policies of the company is important. Iranian companies and investors to assess their financial situation and make decisions regarding their investments, is useful.
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.
34
no.
2017
4
23
https://www.iaaaar.com/article_98764_2f049ecead0fc28e6ac67d7f0a1f480f.pdf
Investigating the Relationship of Accrual Components and Stock Trading Costs
Ahmad
khodamipour
Associate Professor of Accounting Shahid Bahonar University of Kerman
author
Esmaeil
Amiri
PhD student of Accounting, University of Mazandaran- Babolsar
author
text
article
2017
per
Asymmetric distribution of information by companies in the capital market, barrier of Smooth stock exchange and increase stock trading costs. The purpose of this study is to investigate the relationship between accrual components and stock trading costs. Statistical population research are listed companies in Tehran Stock Exchange for a period of time 10 years that of between them systematic method was selected the elimination a sample of 66 companies in the period 2003-2013. To separate the components of accruals Kaznyk adjusted model (1991), and in order to calculate stock trading costs of quoted and effective spread model research Lei (2013),is used. To test the hypothesis of multivariate regression model was used. The results of the research hypothesis test shows that Positive and significant relationship accrual components and stock trading costs. In addition, these findings suggest that positive accruals components are positive impact higher in compare to negative accruals components on stock trading costs. Findings indicate that, investors because interpret the heterogeneity that of Accrual Components. Different behaviors indicate about information content accruals components. This subject has led to asymmetric effects occur at the stock trading costs.
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.
34
no.
2017
24
41
https://www.iaaaar.com/article_98765_1ae798c792d5aed61fc712a42b07ce5e.pdf
Survey of comparing the effect of ownership type ( public and private ) on the earnings quality of firms listed in Tehran Stock Exchange
Ghodratollah
Talebnia
3. دانشیار گروه حسابداری دانشکده اقتصاد و مدیریت، دانشگاه آزاد اسلامی واحد علوم و تحقیقات ، تهران ، ایران
author
Leila
Sedighikamal
دانشگاه آزاد اسلامی، واحد علوم تح4. دانشجوی دکتری حسابداری، دانشکده اقتصاد و مدیریت، دانشگاه آزاد اسلامی واحد علوم و تحقیقات ، تهران، ایران قیقات
author
text
article
2017
per
Abstract: The purpose of this study is to investigate the effect of ownership type (public and private) on the earnings quality of firms listed in Tehran Stock Exchange.two-dimensional variable of ownership type (public and private) is the independent and the two-dimensional variable of earnings quality (volatility of earnings & discretionary accruals in the modified Jones model) is the dependent variable.The research sample consisted of 540 year - company during the period 2003 to 2012 . The main hypothesis of this research is based on the relationship between ownership type and earnings quality. multivariate analysis of variance (MANOVA) is used to examine the main hypothesis & to test multiple regression models of sub-hypotheses, ordinary least squares (OLS) and Generalized least squares (GLS) are fitted to the panel data. The results reveal that there is a statistically significant relationship between the ownership type and earnings quality at the 95 percent confidence level , Private companies have higher earnings quality than firms owned and controlled by the state.
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.
34
no.
2017
42
57
https://www.iaaaar.com/article_98766_1c469c995c93688221bead95c7c1abdf.pdf
The Effect of Competition in Market on Non-Manufacturing Companies' Financial Stability (Financial and Insurance Institutions)
Farzaneh
Heidarpour
دانشیار گروه حسابداری ،دانشکده اقتصاد و حسابداری ، واحد تهران مرکزی، دانشگاه آزاد اسلامی ،تهران ،ایران.
author
Seyed Hasan
Nabavi
کارشناس ارشد حسابداری، گروه حسابداری ، واحد تهران مرکزی، دانشگاه آزاد اسلامی ،تهران ،ایران
author
text
article
2017
per
The aim of this paper is to investigate the effect of competition on the financial stability of non-manufacturing companies (financial and insurance institutions). The research branch and ex post facto quasi-experimental research is based on the actual stock market and financial statements of companies listed on the Stock Exchange is done. In this study, financial information 21 companies listed in Tehran Stock Exchange during the period 2010 to 2014. For analyzing the results, multivariate linear regression was used.The results imply that there is a significant relationship between the competitiveness of the market and financial stability.
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.
34
no.
2017
58
69
https://www.iaaaar.com/article_98767_398fc84925b1f244aacbbd0f7a08284b.pdf
Accounting positioning in the managerial planning process
Gholamhossein
Khorshidi
Faculty member of Shahid Beheshti University, Department of Business Administration
author
Farshid
Zarrinkia
Tehran University, Master of Financial Management
author
text
article
2017
per
Decisions for the future without analyzing and evaluating various strategies waste of time and will lead to a significant loss. The emphasis of financial accounting principles and limits governing the quality of financial data bring about the fact that the existence of reliable financial information would not suffice for planning. Necessity of applying the management accounting reports based in such cases is more than ever before.
In this paper, we have identified and ranked factors that influence the decision making of managers in the field of management accounting, with the objective of responding to the question: "What are the factors affecting the decision making of managers in the field of management accounting?"
For this purpose, the statements and the major obstacles in the field of management accounting decisions have been extracted and analyzed based on literature and theoretical foundations and then relying on statistical and data analysis software SPSS, key features have been identified. It was also determined that these criteria are good theoretical grounds for ranking factors influencing management decisions in the field of management accounting. Finally, according to experts and professionals in the field and using the method of AHP and Expert choice software factors extracted from the previous step have been ranked.
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.
34
no.
2017
70
87
https://www.iaaaar.com/article_98768_1eff982498fd6cfa2737f46b68283916.pdf
Investigating the Effect of Managers’ and Market Perceptions Regarding Firm’s Value on Capital Expenditures in Imperfect Markets Considering Agency Problems
Javad
Moradi
Assistant Professor of Accounting, Shiraz University
author
Gholamreza
Ahmadi
Member of Scientific Board, Payame Noor University
author
text
article
2017
per
This study investigates the factors that play an important role in managers’ decisions toward capital expenditures. Sample of 60 firms of Tehran Stock Exchange (TSE) for the period of 2006-2011 were selected and examined through correlation analysis. The findings show that perception of managers and market, regarding firm’s value (using substituted variables) affect firms’ capital expenditures. Also, findings reveal that the higher the free cash flows, the stronger the relationship between perception of managers and market regarding firm’s value and capital expenditures, and the higher the sensitivity of capital expenditures to variables substituted for perception of managers and market, regarding firm’s value.
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.
34
no.
2017
88
103
https://www.iaaaar.com/article_98769_119c40f0de3bbddf6302c188f4751842.pdf
The Study of Relationship between Financial Leverage and Information Asymmetry in Listed Firms of Tehran Stock Exchange
Shahabeddin
Shams
Assistant Professor of Finance, University of Mazandaran, Babolsar, Iran.
author
Mahmood
Yahyazadehfar
Professor of Finance, University of Mazandaran, Babolsar, Iran
author
Sakineh
Abbaszadeh
Master of Business Administration, University of Islamic Azad Babol, Iran.
author
text
article
2017
per
Theoretically, it is expected that information asymmetry has an important effect on companies' capital structure. In this research, the casual relationship between financial leverage and information asymmetry in listed firms of Tehran Stock Exchange during 1383-1393 was investigated using panel data. To do so, 108 listed firms of Tehran Stock Exchange were selected as the sample of the study and bid-ask spread was used as the scale for measuring the information asymmetry. In addition, F and Husman tests were applied to select the best model from panel, fixed effects and stochastic data. The findings showed a significant relationship between financial leverage and information asymmetry in Tehran Stock Exchange. In other words, financial leverage has a reverse effect on information asymmetry and on the other hand, information asymmetry has a positive and direct effect on financial leverage.
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.
34
no.
2017
104
121
https://www.iaaaar.com/article_98770_640d3bdaea6c0d2faae29f1e1167cb74.pdf
Studying the role of Smoothed Earnings on Future Performance of firms listed in Tehran Stock Exchange
Bagher
Shamszadeh
Assistant professor of accounting, Bu Ali Sina University
author
Behnam
Almasi
M.A. in Accounting
author
text
article
2017
per
Some views indicate that income smoothing can predict future performance of companies and prepare useful information for interested group. The aim of this study is to test this view in companies listed in Tehran Stock Exchange. We have followed this target by focusing on earnings persistence and divided policy persistence as proxies for anticipating companies' future performance in companies that have smoothed their earnings. Financial information was collected from a sample of 66 firms for the period of 2008 to 2012. We have used multiple linear regressions and Logistic Regressions to test our hypothesis. The results show smoothed income has significant negative impact on earnings persistence and don’t have significant impact on dividend policy persistence. These results mean earnings smoothing in TSE companies is not done with the purpose of preparing useful information for anticipating future performance.
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.
34
no.
2017
122
137
https://www.iaaaar.com/article_98771_c0c4d7a73bf93d82ab0d15cee8167242.pdf
The Relationship between Profit Smoothing and Information Asymmetry in the Life Cycle of Tehran Stock Exchange Companies
Mohammad
Khan Mohammadi
استادیارحسابداری دانشگاه آزاداسلامی ـ واحددماوند
author
Majid
Zanjirdar
استادیار حسابداری دانشگاه آزاداسلامی - واحداراک
author
Abdollah
Mousazadeh
دانشجوی دکتری حسابداری دانشگاه آزاداسلامی ـ واحددماوند
author
text
article
2017
per
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.
34
no.
2017
138
151
https://www.iaaaar.com/article_98772_d67a523d077eb523b85f4ab96862fce0.pdf