جستجوی مقالات مرتبط با کلیدواژه « firm performance » در نشریات گروه « علوم انسانی »

The novel Coronavirus (COVID-19) has rapidly spread all over the world. The first diagnosed cases in Iran were confirmed on 19th February 2020.The COVID-19 pandemic has a concentrated influence on all aspects of life as well as corporate activities; One of the most important issues that has been affected by the spread of the Corona disease is performance and financial reporting quality. The purpose of this study is to evaluate the effect of COVID-19 on corporate governance, financial reporting quality, and firm performance. For this purpose, the information of 180 companies listed on the Tehran Stock Exchange from 2019 to 2022, is reviewed. The study indicates no relationship between corporate governance and performance. And coronavirus make negative the relationship between corporate governance and performance and corporate governance and financial reporting quality. And coronavirus make negative the relationship between corporate governance and performance and corporate governance and financial reporting quality. and

One of the models that is used to measure the efficiency and decision support is DEA, but considering all the merits, it also has its own limitations, which has led to the idea of combining it with artificial neural networks. ANN is increasingly used in model and data-based approaches to enrich analytical and predictive capabilities and thus improve decision-making. The present research presents a model for evaluating the efficiency of units by integrating neural networks. The studied sector is the active pharmaceutical industry in the Tehran stock market. To create the model, the efficiency of 4 DEA models on a variable scale, including input-oriented and output-oriented BCC model, SBM model and RAM model during the years 2018 to 2022 was calculated in GAMS. The efficiency values of these four models were ANN'S education vector. Also cost, income and profit data from 2018 to 2022 was entered into MATLAB as ANN'S input. To generalize education, the data of 2023 was used. The results showed that the trained efficiency boundary shows a more comprehensive and accurate approximation of efficiency for the ranking of pharmaceutical companies. The results of this research will help pharmaceutical companies in the fields of investment, resource allocation, predicting the results of policies and planning.

This study examined the impact of innovation orientation on innovation performance and firm performance with the mediating role of strategic market planning capability and strategic marketing implementation capability. This is an applied, descriptive and survey research. A researcher-made questionnaire with a five-point Likert scale is used for data collection. To measure the questionnaire validity, formal and content validity and confirmatory factor analysis are used while Cornbrash’s alpha is utilized to measure the reliability. The statistical population consisted of 119 Ariadysel company employees which are evaluated in total and 115 questionnaires are returned. Questionnaire data are tested using SPSS 25 software and hypotheses are analyzed using Structural Equation Method by Amos 24 software. The findings showed that the innovation orientation has a positive impact on strategic market planning capability and strategic marketing implementation capability and innovation performance. Also, strategic market planning capability and strategic marketing implementation capability have a positive effect on innovation performance. On the other hand, strategic market planning capability have a positive indirect effect on the relationship between innovation orientation and innovation performance. However, strategic marketing Implementation capability have no significant effect on the relationship between innovation orientation and innovation performance. In addition, innovation performance has a mediating role and strong positive impact in the relationship between innovation orientation and firm performance. Based on the results, it is suggested that the different units of the company continuously interact and communicate with each other in order to develop innovation and use different techniques (problem solving methods, simultaneous engineering, cross-functional teams and QFD) to create ideas.

Our country is among developing countries which represent interesting in regard to corporate governance mechanisms, because operating firms in them don't follow usual norms and incomplete commodity markets, managerial intellectual capital is prolific in those countries. Therefore, our research intends to examine the relationship between corporate governance and firm performance. A sample consists of 1,276 company-year observations (for 116 companies during 11 years from- 2011 to 2021. The data is extracted from audited financial statements and macroeconomic indicators are obtained from international databases (for example: The World Bank). Both categories of book value (return and asset and return on equity) and market value (Q-Tobin) performance indicators are used in this research to increase result credibility . Our findings show no relationship between board size and performance indicators (both market based and booked value based). Other findings implicate positive relationship between non-executive boards and performance. Finally, research results suggest negative adjustments in presence of institutional macroeconomic factors, some economic and institutional factors had negative adjustment in presence of ROA and ROE. Using marketbased proxy for company performance provided similar results regarding negative adjustment of institutional macroeconomic factors.

Pyramidal and network ownership structures, which give ultimate owners greater control rights over companies than cash flow rights, are prevalent in the Iranian stock market. Given the complex shareholding networks and significant changes in the ownership structures of large Iranian firms over the past two decades, this study aims to examine the relationship between ownership structure and company performance. Four measures are used to analyze ownership structure: cash flow right of the largest shareholder, wedge between control right and cash flow right of the largest shareholder, difference in cash flow rights of the two largest shareholders, and type of ownership. The study investigates their relationship with the performance and stock returns of 261 listed companies during the period of 2015 to 2020. The results indicate a positive and significant association between the cash flow right of the largest shareholder and firm performance, but only when the largest shareholder owns at least 15% of the company's shares. For firms with only one owner and less than 50% in control rights, there is no significant correlation between the cash flow right of the largest shareholder and performance. The study also reveals that ownership by insurance companies has a positive correlation with firm performance, while quasi-governmental ownerships have a negative correlation with performance.

The purpose of this research is to use the meta-analysis approach in order to analyze and combine the contradictory and incompatible results of the studies conducted in the field of investigating the relationship between social responsibility reporting and corporate performance, taking into account different performance measurements. These measures include Return on Equity, Return on Asset, Tobin's Q index, Earnings per Share and Net profit Margin. To achieve this goal, by applying the approach of Lipsey and Wilson (2001) as well as the Q tests of Cochran and Egger, 37 studies including 7 domestic articles in the period of 1378 to 1401 and 30 foreign articles in the period of 2000 to 2022 were examined. In these studies, social responsibility reporting was considered as an independent variable and company performance as a dependent variable. According to the findings of the research, with the meta-analysis of all eligible studies and the compilation of all performance indicators, there is no significant relationship between social responsibility-reporting and company performance. Also there is no significant relationship between social responsibility reporting and the two indicators: Return on equity and Net profit Margin. However, there is a significant relationship between social responsibility reporting and three indicators: Tobin's Q, Return on Assets and Earnings per Share. Considering the significant relationship between social responsibility reporting and three financial performance indicators, managers are advised to pay more attention to social responsibility reporting, which is the bridge between business units and stakeholders, because improving social responsibility reporting can lead to improved firm financial performance.

The developmentof a new system of corporate governance after the collapse of Enron and WorldCom in the early years of the 21st century at the global level and the acceleration of the process of handing over government assets simultaneously with the development of the capital market and the strengthening of institutional investment at the country level, the issue of ownership and its impact has made the performance of companies a controversial topic in the field of financial literacy. The purpose of this research is to investigate the relationship between the ownership structure and the financial performance of companies listed in the Tehran Stock Exchange. Based on this, the research investigated the effect of the relationship between institutional and government ownership on the financial performance of 146 listed companies on the Tehran Stock Exchange from 2012 to 2021 using the dynamic panel(Panel GMM) method. The research results indicate the positive effect of institutional ownership on the performance of sample companies. Also, performance metrics based on accounting information show a significant and negative relationship between government ownership and company performance. Other findings of the research show the positive effect of financial leverage and the positive view of shareholders towards the shares of large and growing companies in evaluating the company's financial performance

The efficient market hypothesis is based on the assumption that investors behave rationally, but studies in behavioral finance have contradicted this notion. The irrationality of investor behavior can be attributed to risk in less efficient markets, which can lead them to make decisions based on emotions. These emotional decisions impact firm performance. This study is to determine the influence of two investor behaviors, "loss aversion" and "overconfidence," on the performance of companies listed on the Tehran Stock Exchange. Loss aversion serves as an indicator of negative emotions, while overconfidence serves as an indicator of positive emotions. This study, to the best of our knowledge, is among the initial research in Iran's financial field to utilize loss aversion and overconfidence as indicators of negative and positive emotions, respectively. Based on these objectives, two hypotheses were developed in this study. The statistical population of this research consists of companies listed on the Tehran Stock Exchange (TSE). Data required for the statistical analysis were obtained from various sources, including the Rahvard Novin software, the TSE Technology Management Company website, and the financial statements of the companies. To test these hypotheses, a sample of 156 companies, listed on the Tehran Stock Exchange between 2013 and 2020, was selected using the screening method. The research questions were answered using the panel data method, descriptive statistics, correlation analysis, and multivariate regression model. The findings shed light on the correlation between investors' behavior and the performance of companies on the TSE. The study reveals a strong negative correlation between investors' loss aversion and the economic performance of companies. This suggests that more loss-averse investors tend to contribute to the lower economic performance of companies. Furthermore, the study shows a positive correlation between investors' overconfidence and market performance. This suggests that companies with more confident investors tend to perform better in the market. Interestingly, the study also found that Iranian investors tend to be more overconfident than risk-averse, meaning that their overconfidence outweighs their tendency to be loss-averse. This generally optimistic attitude of investors in the TSE has a positive impact on the overall market performance by encouraging investment and boosting market confidence. Loss aversion bias can lead investors to hold onto loss-making investments due to their fear of realizing losses. Pessimism and unfavorable stock market conditions may cause investors to prioritize avoiding losses over making strategic investment choices, ultimately reducing the economic performance of the company. Additionally, the overconfidence bias can cause investors to underestimate the risks associated with assets, leading them to base their investment decisions solely on simple criteria they deem important in their minds, without exercising sufficient care and attention. The rise in demand may lead to an increase in the securities' price, ultimately enhancing the overall value of the company.

This study investigated the relationship between firm age and intangible resources on the relationship between entrepreneurial orientation and firm's performance in Kalat Industrial Town of Mashhad.

The statistical population of this study includes financial staff of Kalat Industrial Town of Mashhad. The convenient sampling method is used and by using Cochrane formula, the sample size was determined 194 people. To measure the variables, standard questionnaires was used. To test the hypotheses, structural equation modeling method was used using Spss24 and SmartPLS3 software.

The results indicate entrepreneurship has a significant impact on the firm performance and intangible resources. Intangible resources also have a significant impact on the firm performance. firm age does not have a moderating role in the relationship between entrepreneurship and firm performance and intangible sources have a mediating role in the relationship between entrepreneurship and firm performance.

strengthening the spirit of creativity and entrepreneurship and utilizing different types of intangible resources such as human and structural capital and Improves the firm performance. But the findings did not support the view that in younger companies the relationship between entrepreneurial orientation and performance is stronger.

Contribution:

 There is little research on the effect of company age and intangible resources on the relationship between entrepreneurial orientation and the performance of Iranian companies. this research will be useful in increasing knowledge and filling the research gap.

The High level of uncertainty is harmful to the performance of knowledge-based companies. Therefore, this study examines the role of human resource management strategies and entrepreneurial orientation that can play in improving the performance of knowledge-based companies in volatility environments.

In this research, the data collection tool is questionnaire in which reliability has been evaluated by Cronbach's alpha and its validity has been evaluated by content validity, CFA, divergent and convergent validity. The questionnaire was distributed among 227 knowledge-based companies in Tehran Science and Technology Park and was answered by one of the senior managers from each firm. The collected data were analyzed by structural equation modeling with Amos software.

The results showed that human resource management strategies have a significant effect on firm performance by the mediating role of entrepreneurial orientation. The results also showed that human resource recruitment, human resource development and human resource retention have a positive and significant effect on firm performance and entrepreneurial orientation, while human resource exit strategy has a negative and significant effect on both firm performance and entrepreneurial orientation. It was also found that entrepreneurial orientation has a positive and significant effect on firm performance. Finally, the results showed that the volatility environment reduces the impact of entrepreneurial orientation on firm performance.

Based on the results, the improvement of the performance of knowledge-based companies depends on the degree of acceptance and establishment of human resource management strategies and entrepreneurial orientation by the companies. Also, the effect of entrepreneurial orientation on performance is stronger for companies operating in a less volatility environment.

The purpose of this research is to analyze the relationship between the quality of innovation, knowledge-based leadership, customer knowledge management, and the performance of small and medium-sized companies. In other words, the researcher seeks to investigate the effect of customer knowledge management on the quality of innovation by moderating the growth of competition and also to investigate the effect of customer knowledge management on the quality of innovation through the mediating role of company performance. The current research was applied in terms of correlational research method and in terms of purpose. The research tool is based on the standard questionnaires of Donat and Pablod (2015), Wang and Wang (2012), and Tahirpour et al. which after measuring convergent validity (average variance extracted by Fornell and Locker), divergent (Heterotrait-Monotrait Ratio) and exploratory (Varimax) and reliability (Cronbach's alpha, combined and Diestra), which follows the idea of methodological triangulation; It was implemented through the participation of 96 managers of small and medium-sized companies active in the food industry of Chaharmahal and Bakhtiari provinces, who were selected by random sampling and through Morgan's table. The method of data analysis was implemented at two descriptive and inferential levels and through "SPSS25" and "WarpPLS8" software. The research findings showed that the intensity of competition with a beta coefficient of 0.00 and a significance of 0.49 does not moderate the relationship between customer knowledge management and innovation quality, But innovation quality with a significant value of Z=10.47 has mediated the relationship between customer knowledge management and company performance. Also, knowledge-based leadership on customer knowledge management; Customer knowledge management on the quality of innovation; The quality of innovation has had a significant impact on the company's performance, and finally, customer knowledge management has had a significant impact on the company's performance; But knowledge-oriented leadership has not been able to influence the quality of innovation. The research findings showed that the intensity of competition with a beta coefficient of 0.00 and a significance of 0.49 does not moderate the relationship between customer knowledge management and innovation quality; But innovation quality with a significant value of Z=10.47 has mediated the relationship between customer knowledge management and company performance. Also, knowledge-based leadership on customer knowledge management; Customer knowledge management on the quality of innovation; The quality of innovation has had a significant impact on the company's performance, and finally, customer knowledge management has had a significant impact on the company's performance; But knowledge-oriented leadership has not been able to influence the quality of innovation. The results of this study show that customer knowledge management helps the quality of innovation in small and medium companies. Gathering knowledge from customers may help to create innovation quality by providing external perspectives and more practical and creative ideas for developing products or services in small and medium enterprises. This article encourages SMEs to work more closely with their consumers, as they are the key to achieving a competitive advantage. Managers and owners of small and medium-sized businesses will benefit from having knowledge about customers and knowledge of customers. Finally, solving customer problems efficiently and effectively should also be one of the key success factors for SMEs to gain a competitive advantage.

In the stock market, information plays an important role, if there is information asymmetry in market, maybe over time, the market moves toward incomplete competition models. The Tehran Stock Exchange, as the largest and most integrated part of the Iran capital market, does not have much history and as a result, several factors affect the activities of this market. Therefore, in this study, we investigate the factors affecting the performance of these firms. For this purpose, the 40 active firms in the Tehran Stock Exchange whose data are available are considered. The required data of the study were collected from the Tehran Stock Exchange site, the Rahavard Novin software and balance sheets of these firms during the period of 2008-2018 and models are estimated using with STATA 14. The performance variable in this study has three proxies including ROA, ROE and EBT indexes. The data analysis was done with GMM Dynamic Panel. Two main variables of market structure and asymmetric information are examined. The results show that the former have a direct relationship and the later have an inverse relationship with firm performance. The results also indicate that the information asymmetry trend is increasing and monopolistic competition is the best description of the degree of competition among the active firms of the Tehran Stock Exchange.

The purpose of the present study was to investigate the impact of dynamic capabilities on the firm performance through the mediating role of business model innovation and sustainable competitive advantage, and the role of moderating environmental dynamics.

This research is applied in terms of purpose and descriptive-survey in terms of data collection. The statistical population of the study is companies located in of Tehran province. The sample size was determined with G-Power 3 software 222 people and the available non-probability method was used for sampling and 218 questionnaires were obtained by online survey. The research model was also analyzed based on the structural equation modeling approach with Smart PLS 3.

Dynamic capabilities have a positive and significant effect on firms' performance, and business model innovation mediated this relationship. Perceived environmental dynamics also moderated only the relationship between dynamic capabilities and "business model innovation, sustainable competitive advantage, and firm performance".

Originality/Value: 

The role of dynamic capabilities is an important and strategic necessity for guiding, supporting and managing resources in order to create a sustainable competitive advantage and achieve superior performance, and provides a key insight for managers to abandon traditional approaches, and focusing on core competencies, Strengthen their position in the market.

Businesses must constantly evaluate their performance in order to determine their position and survive in a dynamic and highly competitive environment. In this environment, achieving superior performance requires the adaptation of companies' services and products to the needs of customers and markets, which can be facilitated by several variables. Recent research shows the positive and critical effect of variables such as business model innovation and organizational learning capability. Through business model innovation, organizations can take the advantage of changing customer demands and expectations. Also organizational learning is an ability to absorb and transform new knowledge and apply it to the development of new products with a competitive advantage and a high production speed. On the other hand, organizations must have a great ability to respond and be willing to provide new products and services that are created through strategic agility and entrepreneurial orientation in order to improve the firm performance directly and indirectly through business model innovation and organizational learning capability. So, they will achieve better performance than their competitors. This study aims at the direct effects of entrepreneurial orientation and strategic agility on the firms’ performance and the indirect effects of these two variables on the firm performance. In this regard, the mediation roles of business model innovation and learning capability are taken into account.

This article is applied in term of purpose and descriptive in term of method. The data collection tool is a questionnaire with 18 specialized items. The managers of 96 production and service companies in Rasht industrial park (Sefidroud) participated in this research. The structural equation modeling (SEM) approach was used to analyze the hypotheses. Also, the Smart PLS-3 software was applied to evaluate the direct and indirect effects of the variables.

Firm performance refers to the companies’ ability to compete with their rivals, improve their market share and gain the competitive advantages. But according to the rapid changes in the external environment, we have to consider more dynamic variables to respond to the chaotic and unpredictable environment so as to improve company’s performance. In this regard, business model innovation can redesign organization’s operations and activities to adopt the key factors of success and gain competitive advantages. Also, organizational learning capability can lead to higher firm performance by making an easier path for a free information flow through creating, transferring and integrating knowledge and experience. This is because finding a solution for the changes of unfavorable conditions needs a flexible and quick reaction that can be solved by these two factors. This study shows the direct effects of business model innovation and   organizational learning capability on firm performance. Moreover, other variables such as strategic agility and entrepreneurial orientation can affect the firm performance directly and indirectly through business model innovation or organization learning capability. In other words, strategic agility is introduced as the best solution to respond to the external environment and the rapid changes because it enables companies to change their competitive characteristics and adapt themselves to market trends. Also, entrepreneurial orientation includes risk-taking, innovativeness, and proactiveness which can provide a better atmosphere for firms to foster an innovation- and change-driven environment in order to pioneer a new business, enter a new market and capture opportunities before their rivals can. The results of this study show that strategic agility and entrepreneurial orientation have positive and direct significant effects on firm performance.  Through these two factors, the condition of adapting to a change gets easier business model innovation and organization learning capability can get a better chance to be accepted by employees. Therefore, strategic agility and entrepreneurial orientation affect the performance of firms indirectly through business model innovation and organization learning capability. These hypotheses are confirmed in this study. 

This study investigated a few critical dynamic variables including business model innovation, learning capability, strategic agility and entrepreneurial orientation in order to maximize the firm performance in an environment with rapid changes. Better performance leads to better market conditions and helps the company to survive or become the leader of its own industry. Therefore, the results of this research can facilitate the path of organizations toward getting superior performance by creating a sustainable competitive advantage, higher market share and inaccessible competitive position. Although this study makes a number of beneficial contributions, it has some limitations. Specific national context is one of the limitations. To generalize the results, we have to apply this research in different cultural contexts. Next, we have not considered the moderating effect of turbulent environments. For future studies, researchers are suggested to consider this variable too. Moreover, a longitudinal study may lead to richer findings.