Accounting for intellectual capital: on the elsive path from theory to practice
Ahmad
Ahmadpour
استاد گروه حسابداری دانشگاه مازندران
author
Seyed Javad
Ebrahimian
عضو هیئت علمی دانشگاه آزاد اسلامی واحد نور
author
text
article
2015
per
Nowadays, the intellectual capital is used to create value for organizations in a knowledge-based economy and the success of any organization depends on the ability to manage these assets. Also we are observing a growth the importance of intellectual resources as an effective tool for increasing corporate competitiveness. Measuring Intellectual Capital is essential in order to compare different companies, to estimate their real value or even to control their improvement.
Intellectual capital has been emerged as an alternative framework for identifying, measuring, reporting and management of knowledge assets. Despite the need for a regular framework for taking into account the knowledge assets and intangible resources in the new economic environment, this model has not yet discovered a dominant solution for accounting theorists, specialists and legal observers.
In this paper, the intellectual capital has been analyzed as a tool for meeting companies’ real needs and its importance and role has been underlined in accounting and knowledge based management. Discussions confirm that the intellectual capital can be considered instead of accounting 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
7
v.
25
no.
2015
4
11
https://www.iaaaar.com/article_103913_e2c4e9ed2430a90ffee868bf180aa71a.pdf
dx.doi.org/10.22034/iaar.2015.103913
The Investigation of Co-Determination of Capital Structure and Stock Returns in Listed Companies in Tehran Stock Exchange (TSE)
Abdolmehdi
Ansari
دانشیار گروه حسابداری دانشگاه ولی عصر (عج)
author
Nasrin
Yousefzadeh
کارشناس ارشد حسابداری دانشگاه ولی عصر (عج)
author
Zahra
Zare
دانشجوی کارشناسی ارشد حسابداری دانشگاه ولی عصر (عج)
author
text
article
2015
per
The purpose of this survey is to study the effective factors on the capital structure and stock returns simultaneously. For achieving this goal, financial information related to the 97 exchange firms which were available during the survey period (1380 – 1389) were analyzed by using the structural equations approach. The structural Equations modeling make the regressive equations testing possible simultaneously for the researcher. The results of this survey show that stock returns, profitability, assets structure, awaiting growth, firm size, industry sort affect the capital structure. The effective factors on the stock returns are: capital structure, profitability, momentum and firm value. The findings of this survey show the interrelationships among the capital structure and stock returns in a way that stock returns according to the market timing theory have had negative effect on the capital structure , and capital structure on the stock returns have had the positive effect according to the direct relationship of the risk and return.
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
7
v.
25
no.
2015
12
27
https://www.iaaaar.com/article_103914_6a3944aa215d8c6409211fc610d86dc9.pdf
dx.doi.org/10.22034/iaar.2015.103914
The Relationship Between Family & Nonfamily Ownership with Performance in Tehran Stock & Exchange
Abbas
Hashi
استادیار دانشکده مدیریت و حسابداری دانشگاه شهید بهشتی
author
Hamid
Alikhani
کارشناسی ارشد حسابداری
author
text
article
2015
per
This study is concentrated on the nature of family Companies to enable the investors to make more reasonable decision for their investment plan ,since such company’s forms a reasonable percentage of listed companies in Tehran Stock Exchange,. The main goal of this paper is to study the relationship between the family & non-family ownership in Tehran Stock Exchange. Based on which, two questions have been studied: 1. Is there any reason and positive relationship between the “family and non family companies” and performance of the company? 2. Is there any reason and negative relationship between the non-family and the company’s performance? This study includes 40 “family companies” and 93 “nonfamily companies”. The time period of study is from year 2006 to 2011. For hypothesis testing we used the Multi-criteria Regression Analysis Method with related tests.
The result of study is that none of those two is acceptable, which means that there is no relationship between “family and non family companies” and company performance is positive. On the other hand the relationship between nonfamily ownership and entity performance is not negative.
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
7
v.
25
no.
2015
28
41
https://www.iaaaar.com/article_103915_d41d8cd98f00b204e9800998ecf8427e.pdf
dx.doi.org/10.22034/iaar.2015.103915
The relationship between the external financing methods with the future financial operation
Hamid
Hajimolla Mirzaie
دکترای مدیریت دولتی، سیاستگذاری عمومی دانشگاه تهران
author
Ali
Yavari
عضو هیات علمی دانشگاه علوم انتظامی امین
author
Marefat
Gholami
کارشناسی ارشد حسابداری- دانشگاه آزاد- گروه حسابداری- پل دختر
author
text
article
2015
per
In this article, the relationship between the external financing methods with the future financial operation during the years 1380-1390 will be discussed.
Performance evaluation by use of the accounting and market values approach has been used.
The statistic model which used for testing hypothesis is the Multivariate regression.
Basically six hypotheses about the relationship between external financing methods and performance evaluation criteria have been developed based on the type of industry.
Independent variables are included: 1) financing through borrowing, and 2) financing through the share and Equity
Dependent variables are included: 1) the ratio of price to income 2) the ratio of price to book value per share 3) the Kyotobin ratio
The results of hypothesis show and state that financing with both of two methods and approach has Significant and indirect relation with ratio of price to income in the next year but financing through the borrowing has Significant and direct relation with the ratio of price to book value per share and the Kyotobin ratio in the next year and finally the financing through the share and Equity has no Significant relation with the Kyotobin ratio in the next year
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
7
v.
25
no.
2015
42
57
https://www.iaaaar.com/article_103916_f83080454c0a92be84ccb6adf0bfa8ee.pdf
dx.doi.org/10.22034/iaar.2015.103916
Feasibility Sukuk issued in comparison with other methods of financing in The companies listed on the Stock Exchange
Mehdi
Dehghan Neyestanaki
استادیار،دانشگاه آزاد اسلامی، واحد اسلامشهر، گروه حسابداری، تهران، ایران
author
Ebrahim
Sadeghi
دانشجوی کارشناسی ارشد حسابداری، دانشگاه آزاد اسلامی، واحد اسلامشهر
author
text
article
2015
per
Capital is one of the main factors of production.
Governments and financial companies to start or continue a business that requires funding.
The capital of the state property owners supplied or obtained through the financing process.
For financing, there are various methods and instruments, each with its own characteristics and properties.
Depending on your needs, financial, and economic institutions and the diversity of people's behavior in terms of investment and exposure to risk, and explain the tools and methods are employed.
One of the important aspects of finance, securitization of assets into a new financial instruments for the process of converting assets into bonds, Sukuk bonds which it is used in Islamic countries.
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
7
v.
25
no.
2015
58
75
https://www.iaaaar.com/article_103917_1aca9796a10b46398caea7ea9045b420.pdf
dx.doi.org/10.22034/iaar.2015.103917
Modeling of Earnings Quality in Tehran Stock Exchange: Accruals Role
Mohammad
Moradi
استادیار، گروه حسابداری، دانشکده مدیریت دانشگاه تهران
author
text
article
2015
per
This study seeks to measure abnormal accruals by modeling of accruals. In this study, investigating the literature and interviewing experts is used for recognizing alternative approaches on accruals modeling. Then, type I and II errors are measured as efficient measures of accruals. Findings show that accruals measurement by cash flow approach (adjusted according to FASB standards) is more efficient than alternative approaches. Among factors explaining accruals, “changes in total revenue less unexpected credit revenue”, “operating cash flows” and “lagged accruals’ assist to model efficiency. Intercept and scaling by market value is better than alternatives. All models (including research model) have appropriate efficient (type I error). However then measuring type II error, only study model is most efficient. Therefore study model have most power for recognizing firms managing earnings.
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
7
v.
25
no.
2015
76
99
https://www.iaaaar.com/article_103918_f76f3b55b0605b8d11680fc5c2f5cf1a.pdf
dx.doi.org/10.22034/iaar.2015.103918
Investigation into the decomposition of cash flows in predicting future operating cash flows
Mohammad Hossein
Safarzadeh
استادیار حسابداری، دانشگاه شهید بهشتی تهران
author
Mahdieh
Dolatabadi
کارشناس ارشد حسابداری، دانشگاه شهید باهنرکرمان
author
text
article
2015
per
Cash flow statement and its related components including information that can help people in decision making. Information about the components of cash flows is important and helps to predict future cash flows. Given the importance of cash flow and content of its components, the purpose of this study is to examine the effects of separating the components of operating cash flows into predicting future operating cash flows in Iranian listed companies.
For this reason, we select 130 companies listed in Tehran Stock Exchange during the period of 1382-1389. Our research is based on correlation review and our statistical method is panel data analysis. The results suggest that the components of historical operating cash flow components are more predictable than total operating cash flows.
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
7
v.
25
no.
2015
100
117
https://www.iaaaar.com/article_103919_584ada16909555b06e51477283159e3b.pdf
dx.doi.org/10.22034/iaar.2015.103919
Prioritization of Accountants’ Personal Values and Individual Characteristics: Some Criticism on Accountants Education
Hasan
Farajzadeh Dehkordi
استادیار گروه حسابداری موسسه آموزش عالی رجا
author
Kobra
Nourshahi
کارشناس حسابداری مدیریت دفتر تالیف و کتب درسی فنی و حرفه ای و کاردانش سازمان پژوهش و برنامه ریزی آموزشی
author
text
article
2015
per
This paper investigates the relationship between personal values and accountants’ individual characteristics. This relationship is important because accountants ‘conformity of some specific personal values can explain their behaviors in special situations. For example, some prior studies in the field of ethical thinking have shown despite of accountants’ ethical education, these persons obtain lower ethical scores in compare of society. One possible explanation for this phenomenon could be educate accountants in a manner that they must to follow accounting principles and standards. As a result of this education system, strength conformity values in accountants. While ethical reasoning tests ignore conformity values. This study used a sample comprised of 203 students in the fields of accounting and business to examine the effects of individual characteristics (Gender, Age, Field, Degree, Experience, Familiarity Code of Ethics and etc.) on the prioritization of personal values. The results show that accounting students have higher emphasis on conformity values. Furthermore, some characteristics such as gender and age have meaningful impacts on the prioritization of personal values.
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
7
v.
25
no.
2015
118
133
https://www.iaaaar.com/article_103920_4b9558648cc15c15af8666e9a50983a1.pdf
dx.doi.org/10.22034/iaar.2015.103920
Review difference among historical value based accounting information and inflation in cause adjusted value based accounting information and that efficacy on financial reporting quality in tehran Stock Exchange accepted companies
Daryoush
Javid
عضو هیئت علمی و استادیار دانشگاه آزاد اسلامی واحد ملایر
author
Afshin
Ahmadi Loyeh
دانش آموخته ی کارشناسی ارشد حسابداری دانشگاه آزاد اسلامی واحد ملایر
author
text
article
2015
per
This study examines the difference between the quality of accounting information and the quality of accounting information based on historical values due to the inflation -adjusted value deals. Population in this study are listed companies in Tehran Stock Exchange The use of targeted sampling of 110 companies among them is selected as the research sample . The financial statements of companies using the current value of the- constant value is modified The quality of accounting information after it is calculated before and after adjustment . The quality of accounting information, , this research is the absolute accounting information error The anticipated future operating cash flow , which is measured using Raj Gopal . After evaluating the quality of accounting information before and after adjustments Data from the test jarqu - bera will test for normality. A nonparametric sign test for paired samples were therefore used. The research hypothesis is that the quality of accounting information based on adjusted values due to inflation The quality of accounting information is based on historical values greater which During the six years from 85 to 90 years are examined . in total over a period of six years, the research hypothesis can be That exceeds the inflation -adjusted accounting information quality of accounting information quality based on historical values accepted.
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
7
v.
25
no.
2015
134
150
https://www.iaaaar.com/article_103921_413f8bc05a9bbe73c95b116f5e6a7ff8.pdf
dx.doi.org/10.22034/iaar.2015.103921