جستجوی مقالات مرتبط با کلیدواژه "firm growth" در نشریات گروه "حسابداری"

At the present time, financing of the capital market in which companies operate causes the growth of companies, in fact, in order to progress and grow, they need to develop their activities through new investment. Equity financing is more suitable for financing innovative and riskier companies, because equity holders benefit directly when the company succeeds, and equity contracts do not exacerbate financial problems for companies. Appropriate placement of the combination of capital market financing, growth of companies, is a fundamental step for optimal use. From the sources, it has the promotion of accountability, transparency, respect for fairness and the rights of all the stakeholders of the company in line with the performance of the company.In fact, the purpose of this research is to investigate the financing of the capital market on the growth of companies admitted to the stock exchange.Using the analysis of the companies admitted to the Tehran Stock Exchange in the period of 1398-1400, we investigate. The statistical sample of the research consists of 130 companies. Data analysis has been done with the help of Eviews10 software. In order to investigate the simultaneous effects of all the independent variables of the research on the dependent variable, in addition to the separate regression of each of the independent variables, a general regression of the variables was also performed.The findings and results of the research show that the capital market financing index has a significant relationship with the company's growth and also according to the company's size model, financial leverage, profit management, sales growth, total assets, and financial loss have a significant relationship. In the meantime, the results of these studies show that the use of capital market financing planning acts as a supervisory body for companies, which can effectively affect the total assets and growth of the company

commonly used Jones-type discretionary accrual models applied in quarterly settings sujested liniear Relationship between Total and discretionary Accruals and independent variables. In addition These models applied in quarterly settings do not adequately control for nondiscretionary accruals that naturally occur due to firm growth. We show that the relationship between quarterly accruals and sales growth (measured over a rolling four-quarter window) is non-linear. Failure to control for the effects of firm growth and performance on innate accruals leads to excessive Type I error rates in tests of earnings management.Growth and accruals are fundamentally related. Our analysis shows that quarterly discretionary accrual models with return on assets (ROA) matching that have been used in much of the prior earnings management literature are considerably related in a non-linear manner with seasonally adjusted measures of sales growth and firm growth. Moreover, we show that seasonally adjusted sales growth and MB are correlated with partitioning variables in past research that are deemed to give rise to earnings management. . Thus we test and show that there is non-linear relationship between sales growth ، firm growth and performance and total Accruals and nondiscretionary accruals.

The main purpose of this research is to examine the effect of Firm Growth on the relationship between capital structure and firm value in Accepted companies Tehran stock exchange. For this purpose 125 companies in the period 2011 to 2017 were selected.This study has applied multiple regression to test hypotheses. The results showed that firm growth has no significant effect on the relationship between Long-Term debt to asset and Firm Value. But it has a negative and significant effect on the relationship between the Short-Term debt to asset ratio and Firm Value.

In this study, the impact of corporate governance on the relationship between research and development expenditure and firm growth in Tehran stock exchange are investiagted. After reviewing the relevant literatures and setting the research hypotheses number of 110 companies over the years 2012 - 2017 using the systematic elimination method are sellected. Five hypotheses are used to investigate the relationship between R & D expenditure and firm growth, with board independence, institutional shareholders, ownership concentration and auditor type. After extracting the required data, resaerch hypotheses tested using and multivariate linear regression model. Research findings indicate that there is a positive and significant relationship between board independence, research and development expenditures and firm growth. But institutional shareholders, ownership concentration and auditor type show no significant relationship with the expenditures of research and development and firm growth.  </em></strong>

The separation of management from ownership has led to information asymmetries between managers and owners of companies. Useful solutions for reducing information asymmetry between managers, owners and creditors can note to accounting conservatism, debt maturity shortening, and the establishment of a strong corporate governance. The purpose of this study is to investigate the effect of conditional conservatism on debt maturity and externally financed growth,and also the effect of the strength and weakness of the corporate governance on the amount of these impacts. To achieving the purposes, four hypotheses were developed. In order to test the hypotheses, using the method of systematic elimination, Sample consists of 159 companies listed in Tehran Stock Exchange during the years 2006 to 2015 were selected and linear regression model with the model of panel data were applied. The findings of the research show that conditional conservatism has a positive impact on the debt maturity, but unexpectedly, it has a negative effect on the externally financed growth. The results also indicate that there is a significant difference between the effect of conditional conservatism on debt maturity and the externally financed growth in firms with strong and weak corporate governance.

There figure Prior Period Adjustments in annual financial statement can be influence on relied this matter and some of the body affected by. The purpose of this research is investigating the effect of Prior Period Adjustments on the firm growth has been listed in Tehran stock exchange. This research was conducted on 143 firms that has been listed in Tehran stock exchange during the period 1381 to 1391. This research has the main hypothesis and the main has three subsidiary hypotheses. In order to measuring of the firm growth used three criteria including growth of sales, assets and profitability has been used. The Methodology was applicable and the type of correlation studies. The results of the hypothesis test shows Prior Period Adjustments did not have significant effect on growth. Other findings show that market to book value ratio has a positive and significant relation with all of the growth variables.

The purpose of this research is to measure the impact of accounting information quality proxies in firms’ growth through different life cycle stages. In the literature, financial reporting quality have mitigating role in information asymmetry between insiders and outsiders of the organization. Based on competitive theory and signaling theory, firms’ life cycle may be an effective factor to explain financial reporting quality behavior. Period of this research includes 188 Tehran Stock Exchange (TSE) firms from the year 1380 to 1394. Hypothesis test results indicates that annual adjustments and operating income deviation proxies have the most positive and significant effects on future growth of total assets and sales. Furthermore operating income deviation has the most significant effect on firms’ market value future growth. In addition, none of the accounting quality measurement proxies have significant effect on future firms’ growth through firms life cycle stages. Results insists on using of these proxies in different life cycle stages by fundamental analysts.

Considering the importance of discretionary accruals in reporting and its influence
on stock return, and also growth opportunities and information asymmetry in high
growth companies, it is expected that management of high growth companies have
incentives to use discretionary accruals for signaling positive future performance of
the firm. The purpose of this study is to investigate the impact of growth changes on
stock return sensitivity to discretionary accruals, positive accruals and the quality of
accruals. The study is performed in TSE listed companies and 192 companies data
between 1388 to 1394 were selected. The coefficient and multivariate regression
were used for hypothesis testing. The results revealed that the sensitivity of stock
return to discretionary and positive accruals and accruals quality is high for high
growth companies compared to low growth ones.

The studies in Iran and many other countries indicated that a high percentage of companies annually restate their financial statements. This implies that accounting information in many companies is questionable, regarding the feature of reliability. This may harm the relationships between companies and their external clients/stakeholders, especially the investors, and may affect firm's cash flow and, finally, firm's growth. This study investigates the impact of financial restatements on firm's growth.
The study takes the Demirguc-Kunt and Maksimovics model, and uses internal growth rate (IG), short-term growth rate (SFG) and maximum sustainable growth rate (SG) to measure firm's growth. The statistical population of this study is the companies listed in the Tehran Stock Exchange, and 66 company-years within a period of 14 years from 1999 to 2012 were examined. The results indicated that financial restatements in announcement time lacks effective informational value and does not have effect on firm's growth.

Stock return is the most important factor in investor's decision making and a measure to evaluating the managers, performance. Different factors affect stock return. The aim of this research is investigation into the effects of the company growth on the relationship of the discretionary accruals and stock return. Target sample consists of 90 companies listed in Tehran Stock Exchange (TSE) during 2005-2012. Jones (1991) model is used in order to find out the degree of discretionary and non-discretionary accruals. Collected data examined using panel data. Results show that company growth does not affect the relationship between discretionary accruals and stock return but it affects the relationship between the positive discretionary accruals and stock Therefore, only the information content of positive discretionary accruals increases by firm growth.

The main purpose of this study is to investigate the past firm growth on profitability and examines management performance in managing the firm growth considering life cycle. For this purpose, among the listed companies in Tehran Stock Exchange, 85 companies from 2008 to 2012 were selected and examined. After collecting and classifying the data, Multivariate regression model and analyzing panel data were used for hypothesis tests. The result show that past firm growth has a negative impact on firm profitability and the impact of past firm growth on profitability with changing intervals is different, on the other hand, the life cycle has a significant impact on the relationship of firm growth and profitability, that the R-Squared in declined group is highest and in maturity group is the lowest. due to the negative relationship between growth rate and profitability which company that are sorted within their declined due to aging sorted growth rate will reduce profitability.

This study of the relationship between Firm growth and the abnormality is accruals and operating cash flow.future profits are expected or not. The variables investigated included operating cash flow, accruals, and they Firm growth. In this study data from companies listed in Tehran Stock Exchange from 1381 to the end of 1390 is used. For data analysis, research, data, combined with the regression method and system of simultaneous equations with Mishkin test (1 94) is used. The results showed that firms with higher Firm growth than firms with lower Firm growth, pricing of accruals and cash flow is tilted.

Managers can use discretionary accruals to convey information to the capital market. The information signaling in market can lead to improve information environment and information disclosure about firm growth. Thus, information signaling can create the value for investors. The purpose of this paper is to investigate the role of information environment and firm growth on the pricing of discretionary accruals in the listed companies in Tehran Stock Exchange (TSE). For test of hypotheses, we use multiple regression models. The research period is from 2006 to 2013 and the sample of this study consists of 71 listed companies in TSE. The results show that the discretionary accruals have a positive effect on stock price. Also, the results reveal that in firms with strong environment information and high growth firms, the discretionary accruals are priced to a greater. Generally, these results prove the positive role of discretionary accruals in signaling.

In the present environment in which firms operate is growing and competitive environment. And in order to progress and growth, they need to expand their operations through new investment. New investments require capital financing and cash but the firm in providing this resource is usually faced with limitations. Hence, this study examines the relationship between financial constraints and growth of 173 companies listed in Tehran Stock Exchange during the period 1381 to 1390. Multiple linear regression analysis was used to test the research hypotheses. The results show that there is a negative significance relationship between financing constraints and asset growth and sales growth as firm growth indices. In other words, the companies that have Cash balances, cash dividends and less Tobin Q index and on the other hand have the their leverage ratio are larger, they have Less growth. There is also direct relationship between firm size and firm growth and an inverse relationship between the ratio of dividends to total assets and firm growth.

The main objective of this study was to evaluate the effect of firm growth on the relationship between discretionary accruals and future performance of the company. For this purpose, a sample of 84 companies via was selected the systematic elimination of the firms listed in the Tehran Stock Exchange during the years 1392 to 1384. In this study, to determine the non-discretionary and discretionary accruals sections Jones, model (1991) was used to determine the future performance, cash and net profit were used in the coming year. Then the research hypotheses were tested using the regression model panel data. The results showed that the overall firm growth does not have an impact on the relationship between discretionary accruals and future performance of the company. But in the companies with high growth the impact is greater than other companies use of positive discretionary accruals, to reflect the desirable performance of the firm (transfer good news). And positive discretionary accruals include information content.

Financing methods are among the most important and critical factors affecting the growth. Making an appropriate combination and balance of internal and external finance can insure the firm growth and increase shareholders’ assets considering the firm status into account. In the present study, the relationship between financial leverage and firm growth has been studied and its sensitivity due to cash flow was investigated. So, the simultaneous effect of internal and external sources of finance on firm growth is studied. The research sample consists of 88 listed firms in Tehran Stock Exchange over the period 2007-2012. Those firms had the basic primary conditions necessary for the research are selected as sample firms. The Generalized Method of Moments (GMM) estimation, Eviews software and Stata software are used to analyze the data and test the hypotheses. The results show that firms with high financial constraints exhibit higher sensitivity to cash flow and there is a nonlinear inverted U-shaped relationship between growth and debt exposure.

In the present research we have studied the effect of the firm size, firm growth and financial leverage on investment opportunities in firms accepted in Tehran Stock Exchange. Regarding the theoretical foundations and the literature to analyze the data a regression model was devised and utilized. The statistical population of the present research includes 85 firms accepted in Tehran Stock Exchange from 2001 to 2011. The results of analyzing the data showed that firm size and firm growth have had a positive and meaningful effect on investment opportunities but the effect of financial leverage on investment opportunities has been reverse and negative. It means that by increasing financial leverage, investment opportunities decrease.

The goal of the present research is to study certain firm features including: firm size, firm growth, and financial leverage and their effect on systematic risk in firms enlisted in Tehran Stock Exchange. Regarding theoretical foundations and research literature, a regression model was devised and used to analyze data. The statistical sample for this research included 85 companies from among firms enlisted in Tehran Stock Exchange during the time period between 2001 and 2011. The research results showed that firm size has had a positive and meaningful effect on systematic risk, but firm growth and leverage did not have a meaningful effect on systematic risk; but by considering firm size as control variable, the effect of firm growth on systematic risk in small and big companies will become meaningful.

There is a duality in studies on the relationship between growth and firm profitability. While some studies have examined the effects of growth on firm profitability، other studies have examined the effects of firm profitability on growth. Reviewing the evidence of the validity of both approaches mentioned above can mean that there is a bilateral (two-sided) relationship between these two variables. In this regard، the goal of present research is to study the bilateral relationship between growth and firm profitability in 173 companies listed in Tehran Stock Exchange (TSE) during 2003 to 2011. First، the bilateral relationship between the two variables was confirmed with Granger causality test and then simultaneous equations system was estimated using two-stage regression. The results express that there is a bilateral relationship between growth and firm profitability of listed companies of TSE. In other words، the results of the simultaneous equation system are more reliable and valid than that of single-equation.