Download or read book The Relationship Between the Cash Cycle and Capital Structure of Listed Companies in Tehran Stock Exchange written by Mohammad Aliari Erdi and published by . This book was released on 2015 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: Cash was one of the main sources for the survival of the company. And it seems any company without access to right cash will benefit from the optimal performance. Previous research shows companies that are suitable in terms of liquidity that are more in profits and achieve higher financial performance have succeeded. In this study we aimed to investigate the relationship between cash cycle and capital structure of listed companies in Tehran Stock Exchange Information to the Audited Financial Statements Extracted companies listed on the Stock Exchange. Total of 594 firms -- year period between 1387 till 1392. The hypotheses were tested using SPSS software. The results showed that the correlation between cash and capital structure exists cycle.
Download or read book The Relationship Between Structure of Assets and the Firm s Performance written by Claudio Sottoriva and published by . This book was released on 2014 with total page 8 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent years, extensive studies have been undertaken concerning the capital structure and performance. However, research on the relationship between structure of assets and performance has not applied. In this paper, the relationship between structure of assets and performance of firms listed in Tehran (Iran) Stock Exchange has been studied in various industries. For this purpose, the ratio of current assets to non-current assets as a structure of assets and Return on Assets (ROA) as criteria for firm performance was used. Findings of investigating 252 firms listed in Tehran Stock Exchange observation in the 2001 to 2012 in the four industries (pharmaceutical, chemical, cement and automobile) suggest in 95% confidence level, signification relation between structure of assets and performance existent. In other words Significant linear relationship between structure of assets and performance of active firms in the industry are examined, in fact, this relationship is different in various industries for examine the relationship, Nonlinearity test was used. Without intervention the moderating variable (in this study is capital structure), these statistical results show that the relationship between the pharmaceutical industry and cement as the relationship logarithmic; that is, with the increasing ratio of current assets to Non-current performance may improve, but its slope is less. In the Automotive industry and the Chemical yield was observed nonlinear relationship between structures of assets.
Download or read book Relationship Between Financial Constraints Economic Crises and Working Capital Management of Companies Listed on Tehran Stock Exchange written by Dr Ebrahim Mansoori and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This study aims to examine the relationship between financial constraints and economic crises, and working capital management of companies listed in Tehran Stock Exchange (TSE) for the period of 2014-2015. Cash conversion cycle and net liquidity balance were used to assess working capital management. KZ index was used to calculate the financial constraints, and to determine the economic crisis, dummy variable of economic growth rate was used. The results of panel data analysis showed that financial constraints and economic crisis has adversely affected working capital Management. In other words, managers decrease the level of investment in working capital during financial and economic crisis. Moreover, we found that firm size, profitability and financial leverage have negative impact on cash conversion cycle.
Download or read book Determinants of Capital Structure written by Masoud Nadem and published by . This book was released on 2013 with total page 9 pages. Available in PDF, EPUB and Kindle. Book excerpt: The main objective of this research is to investigate the determinant factors of capital structure of companies listed on Tehran Stock Exchange. Based on pecking order theory (Static and Dynamic Version) and using data of companies listed on Tehran Stock Exchange during 2002 till 2010, we investigated the effect of return on investment, tangible fixed assets, net working assets, firm size and profitability index on debt ratio. The results show that in static version of pecking order, all variables have significant relationship with capital structure. But, in dynamic version of pecking order, fixed assets have positive relationship and net working assets have negative relationship with capital structure.
Download or read book Capital Structure Ownership Structure and Information Content of Reported Earnings written by Arezoo Aghaei Chadegani and published by . This book was released on 2013 with total page 10 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study investigates the effect of capital structure and ownership structure on the information content of reported earnings among companies listed on Tehran Stock Exchange. The aim of this research is to answer the fundamental question, whether the amount of reliance of companies on debt financing has effect on information content of their reported earnings or not? In this research, to review the impact of ownership structure, role and impact of institutional owners on information content of reported earnings and for checking the information content of reported earnings, stock price changes against reported earnings is considered. The research sample consists of 96 companies listed on Tehran Stock Exchange during the period 2002 to 2009. For investigating the impact of capital structure and ownership structure on the information content of reported earnings, Multiple Linear Regression models were used and these models tested at 95% confidence level. The result of testing hypothesis shows that the capital structure has a negative significant effect on information content of earnings so with increasing reliance of companies on debt financing the information content of earnings is reduced. The results also show that the ownership structure has a positive significant effect on information content of earnings so with increasing presence of institutional shareholders in corporate ownership structure, information content of earnings will increase too.
Download or read book The Study of Relationship Between Performance Metrics and Cash Conversion Cycle Of Companies Listed in Tehran Stock Exchange International Journal of Accounting Research 2013 Vol 1 No 4 written by Fatollah Norouzi Bilehsavar and published by . This book was released on 2000 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Survey of Relationship Between Efficiency of Capital Intellectual and Investment Opportunity Set of Companies Listed in Tehran Stock Exchange written by rahim bonabi ghadim and published by . This book was released on 2020 with total page 1 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study aims at analyzing and determining the relationship between the effectives of Capital Intellectual and beneficial investment opportunity set in 81 Companies of listed in Tehran stock exchange during 85-90 yers. In the analysis of the relationship between the variables and proving the hypothesis of the study, correlation method (simple regression and multiple regression) was used. The result show that there was significant relationship between the human capital, structural capital and employed capital efficiency with beneficial investment opportunity set, also there wasn't any relationship between the effectives of Capital Intellectual and ratios of EPS-to-P. so that there was significant relationship between effectives of Capital Intellectual and beneficial investment opportunity set. This means that the efficiency of human capital, structural capital and employed capital can be utilized as a valuable resource for profitable investment opportunities for companies to take account. It can be concluded that the effectives of intellectual capital, is a potentially benchmark for measuring and reporting of beneficial investment opportunity set.
Download or read book The Study of Issuance of Stocks in Venture Companies Listed in Tehran Stock Exchange written by Ali Amiri and published by . This book was released on 2019 with total page 13 pages. Available in PDF, EPUB and Kindle. Book excerpt: In order to implement the profitable projects, achieve the maximum efficiency, and increase their shareholders, companies may use different types of financial resources in different ways. The ability of companies to identify the internal and external resources for providing capital and financial programs is considered as one of the main factors that affects on the growth and development of the companies. Financing resources and their usage volume are factors that affect on the companies' operating performance. In this regard, companies and economic institutions can be financially provided from both inside and outside. Companies can issue and sell new common stocks to investors to provide their required financial resources. This study was conducted to investigate the issuance of stocks as one of resources of financing in the companies. Statistical population of this study was active listed companies in Tehran Stock Exchange. The sample of study was selected among listed companies raising capital through applying stage random sampling and simple random sampling. Sampling was conducted during the period 2008-20013 and finally the sample size including 40 companies were chosen using a Cochran formula. To analyze the obtained information, t-test and correlation coefficient were used. Although the results of the study revealed that there was no significant difference between the internal sources of financing and the issuance of stocks among the studied companies, there is a significant relationship between companies' issuance of stocks and their size. Companies increase the use of retained earnings and stocks for financing through expanding the size of companies. Also, due to the existence of relationship between financing and the fixed assets of the companies through issuing the stocks of companies, no statistically significant relationship were observed between financing and companies' profitability. Finally, there was no significant relationship between financing and future stock returns through the issuance of stocks.
Download or read book ITJEMAST 10 9 2019 written by and published by International Transaction Journal of Engineering, Management, & Applied Sciences & Technologies. This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: International Transaction Journal of Engineering, Management, & Applied Sciences & Technologies publishes a wide spectrum of research and technical articles as well as reviews, experiments, experiences, modelings, simulations, designs, and innovations from engineering, sciences, life sciences, and related disciplines as well as interdisciplinary/cross-disciplinary/multidisciplinary subjects. Original work is required. Article submitted must not be under consideration of other publishers for publications.
Download or read book Investigating of Relationship Between Intellectual Capital and Financial Performance of Petrochemical Companies Listed in Tehran Stock Exchange written by Samira Sarmadi and published by . This book was released on 2013 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt: Today, the role of intellectual capital in the profitability and competitive advantage of companies is more than financial capital. The main purpose of this paper is to raise an awareness of intellectual capital among Petrochemical Companies listed in Tehran Stock Exchange. Also, this study emphasis on empirical evidence of the relationship between intellectual capital and companies' profitability indicators. Measuring the intellectual capital with Pulic's model and for measuring the companies' profitability, return on assets and return on equity are used. The time domain is between 2008 until 2012 and to test hypotheses and analyze data panel regression, least squares (LS) is used. Research findings show that there is significant relationship between intellectual capital and two performance indicators (return on equity and return on sales) in Petrochemical Companies listed in Tehran Stock Exchange. Also, our findings show that among component of intellectual capital, structural capital efficiency has most relationship with financial performance indicators and so among the financial performance indicators, return on sales (ROS) has most relationship with component of intellectual capital.
Download or read book The Effect of Economic and Accounting Variables on Capital Structure written by Arezoo Aghaei Chadegani and published by . This book was released on 2013 with total page 7 pages. Available in PDF, EPUB and Kindle. Book excerpt: The aim of this study is to investigate the effects of economic and accounting variables on capital structure of companies listed on Tehran Stock Exchange. To describe the effect of research variables on capital structure, the multivariate regression model (seemingly unrelated regression equations) and initial data of listed companies between 2001 until 2008 are used. The main research question is whether changes in accounting and economic variables have effect on capital structure of Iranian companies or not. The results show that in addition to accounting variables, economic variables can significantly influenced the manager's decisions about the composition of financial resources and in this respect they are very important. Overall, the research hypotheses were accepted and confirmed the significant relationship between economic and accounting variables and capital structure.
Download or read book Study of Relationship Between Free Cash Flow and Quality of Earnings Accruals of Listed Companies in Tehran Stock Exchange written by Hamid Jamshidi and published by . This book was released on 2014 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: The results of several experimental studies, the notion that the most important source of income deemed to decision makers rely more profit than any other criteria, has been proved, however, it should be noted that as the main source of income, it may not reflect the actual performance of companies and their management, because of the inherent flexibility of accounting standards, the interpretation and application of accounting methods in many cases, the judgments and actions of managers, therefore, the quantity of interest should be given to quality. The main purpose of research, quality of accruals and free cash flows, and that when companies have excess cash how is the quality of accruals? In this study, to assess the quality and relevance of accruals and free cash flows are attempting to assess the impact of listed companies from 2008 to 2011 in the Tehran Stock Exchange. Correlation test was used for data analysis spss software. Survey results indicate that there is a significant relationship between the quality of accruals and free cash flows. The results of this study suggested that the directors must have regard to the flow of economic benefits to the financial reporting within the company and the optimal use of resources.
Download or read book Investigate of Relationship Between Components of Intellectual Capital and Financial Performance in Listed Companies in Tehran Stock Exchange with Using of Pulic Model Modified written by Davoud Khanhossini and published by . This book was released on 2018 with total page 1 pages. Available in PDF, EPUB and Kindle. Book excerpt: The rapid growth of knowledge and Increased use of major economic institutions of science and technology for wealth creation in recent decades, Finance researchers have attempted that to study in distinct characteristic of the successful companies, trying in modeling for other enterprises. One of the results of this research indicate that there is capital as the intellectual capital in the leading companies that by variety of tools and techniques are identified and evaluated. One such tool that is largely consistent with accounting principles approach is pulic model.Therefore, in this study we intend to investigate the relationship between intellectual capital (pulic model and pulic model modified) and financial performance of listed companies in Tehran stock exchange will action. We will also continue to compare the two models.Research findings show that, there is a significant relationship between intellectual capital and financial performance and also Research findings show that pulic modified model than pulic model has a higher correlation with financial performance.
Download or read book An Investigation Into the Impact of Ownership Structure on the Level of Cash Holdings in the Companies Accepted in Tehran Stock Exchange Market written by Kaveh Azinfar and published by . This book was released on 2019 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt: Liquidity of a company is the ability to meet cash commitments before the deadline. Selecting from cash spending or cash holdings by the managers is of great importance for the owners of the company. Various factors can be effective in determining the level of company's liquidity. Ownership structure of companies is one of these factors, which may lead to companies' behavioral change. This change is derived from monitoring activities by different investors in this structure. This study was an attempt to assess the impact of ownership structure on the level of companies' cash holdings in creating appropriate ownership in connection with creating the level of cash holdings. In this study, ownership structure has been categorized into four types of institutional ownership, managerial ownership, corporate ownership, and foreign ownership. In this regard, the impact of institutional, managerial, corporate and foreign variables on the level of cash holdings has been investigated. For every category of ownership, a hypothesis was proposed and its impact on the level of cash holdings was tested. The statistical sample of the research included 96 companies from 2004 to 2013. The statistical method of testing the hypotheses in this study was multiple regressions through panel data. The findings revealed a significant relationship between institutional, managerial, and foreign ownership and the level of cash holdings; however, there was no significant relationship between corporate ownership of the company and the level of cash holdings.
Download or read book Evaluation of the Impressionability of Managerial Performance and Risk Management From Intellectual Capital Strategies in the Companies Listed on the Tehran Stock Exchange Market written by Alireza Ahangar and published by . This book was released on 2019 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This research sought to evaluate the effectiveness of management performance and risk management from intellectual capital strategies in the companies listed in Tehran stock exchange. In this paper, management performance is measured according to Tobin model (2006) and intellectual capital according to Pulic model (2004) and risk management according to Towers Watson's model. Generally, it was conducted to investigate the significant relationships among dependent variables in the companies and suggests that the companies with higher level of intellectual capital and risk management could experience management performance with higher quality. The expectations of future investors are considered as the main factors in determining the companies' efficiency. Also, it could be concluded that human capital and structural capital have more intervention in investors' decisions. Using financial lists information of 102 companies listed on Tehran Stock Exchange Market during 1388-1392 and applying multivariable linear regression analysis, the results suggested that there is a significant and positive relationship among management performance and risk management and intellectual capital strategies.
Download or read book Banking and Accounting Issues written by Nizar Mohammad Alsharari and published by BoD – Books on Demand. This book was released on 2022-08-31 with total page 206 pages. Available in PDF, EPUB and Kindle. Book excerpt: The influx of new information technologies with dynamic changes is one of the greatest business threats nowadays. Accordingly, international business and academia have claimed to be working towards developing innovations in accounting and finance that are useful for all stakeholders. The recent accounting and finance scholarship has moved forward toward new innovations that advanced professional practice. This book introduces and discusses new innovations in accounting and finance, including management accounting, blockchain, E-business models, data analytics, artificial intelligence, cryptocurrency, bitcoin, digital assets, and associated risks. It also sheds light on how and why accounting and finance innovations have changed over time. As such, it is a useful resource for individuals working in accounting and finance.
Download or read book The Relationship Between Free Cash Flows and Abnormal Returns in IPOs in Tehran Stock written by Naz Mohammad Saadati and published by . This book was released on 2015 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this study, to the help using free cash flow models feature the forecast abnormal stock returns of Initial public offering companies in Tehran Stock Exchange for companies ranged from 2003 to 2012 are examined. Three models of free cash flow used as the independent variable and abnormal stock return in initial public offerings the dependent variable Consideration has been given. For this purpose, 134 qualified companies by exclusion method were selected and evaluated after entering the stock for monthly periods. During the investigation and Analysis of data, Results show that between the free cash flow model using LAN and Polson, Copeland model and the model used in the Tehran stock exchange and abnormal stock returns in the initial public offerings and there is a significant positive relationship.
