جستجوی مقالات مرتبط با کلیدواژه "return on assets" در نشریات گروه "حسابداری"

As societies develop, corporates responsibility towards society and the environment has become more and more important. The purpose of this study is to investigate management environmental expenses in petrochemical companies accepted in Tehran stock exchange using indices of financial performance. The environmental management including two variables: the regulatory and voluntary environmental expenses also the financial performance includes three variables: return on owners’ equity, return on assets and return on sales. The statistical population of this research is petrochemical company listed in Tehran stock exchange from1395to1400, which 13 cases were selected as sample. The variables relationships were analyzed by regression analysis using R software. The findings of the study indicate that the regulatory environmental expenses on return on owners’ equity and return on assets, in petrochemical companies listed in Tehran stock exchange have no significant effect, but have a significant effect on return on sales. Furthermore they indicate that the voluntary environmental expenses on return on owners’ equity, return on assets and return on sales in petrochemical companies listed in Tehran stock exchange have no significant effect. Therefore, management environmental expenses have no significant effect on financial performance in petrochemical companies listed in Tehran stock exchange.

Companies are affected over time by external factors such as technological advances and regulatory changes. For effective performance and long-term success, companies update production lines, which may involve a break in company operations. The aim of the present study is to investigate the impact of the CEO's power on the suspension of operational activities of companies listed on the Tehran Stock Exchange.

The present research is applied in terms of purpose and descriptive and correlational in terms of nature. For this purpose, research hypotheses were developed and tested using the information of 150 Iranian stock market companies over a period of 7 years (i.e., from the fiscal year 2014 to 2020).

In Iran's stock market, the CEO's authority has a significant negative impact on the voluntary suspension of operational activities. Conversely, the CEO's authority has a significant positive impact on the mandatory cessation of operational activities. The CEO leverages their authority to optimize production line capacity utilization and refrains from doing so during periods when they could voluntarily halt production lines for maintenance or upgrades. Consequently, continuous production line operation raises the risk of sudden stoppages due to equipment failures.

Considering that the power of the CEO can impact the optional stoppage of operational activities, it is recommended that corporate governance elements (Board of Directors and Audit Committee) evaluate the CEO's decisions regarding servers and maintenance of production lines to prevent damage or forced stoppage of activities. Implement operational preventive measures. It is also advised to investors and financial analysts that when assessing companies' performance for buying and selling shares, they should consider non-financial criteria such as the CEO's power, in addition to financial performance evaluation criteria. This is because, as per the current research findings, the CEO's power can lead to an increase in forced stoppage of companies' operational activities, which can significantly impact their financial performance and stock prices.

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

The purpose of this research is to investigate the relationship between the readability of financial statements and the risk-taking of companies listed on the stock exchange between 2011 and 2017. Using the systematic elimination method, 1050 companies (7 years - 150 companies) were selected as a sample to investigate the relationship between research variables. In this research, multivariable regression and Eviuz 10 software were used to implement and test the hypotheses. The results of this research show that there is no significant relationship between the readability of financial statements based on the Fog index and the company's risk-taking. There is a significant relationship between the readability of financial statements based on the text length index and the company's risk-taking.

Regarding the management of cash flows, there is a popular theory that shows the conversion of materials into cash from the sale of goods and services. This case is a reflection of the company's ability to produce and is one of the basic concepts in the field of financial literature, so this research examines the effect of management Cash flow deals with the performance of the company in the accepted companies of Tehran Stock Exchange. In this research, the number of 138 companies admitted to the Tehran Stock Exchange in the period of 2018-2019 has been examined. In order to test the hypotheses, Poled's (combined) multiple linear regression model was used. The findings of the research show that, in general, cash flow management has a positive and significant effect on performance evaluation indicators, such as return on equity, return on assets, and Kiotobin ratio.

The profitability of the companies and factors affecting it is an issue of interest in financial and accounting research. The purpose of this study is to investigate the effect of agency costs and management ability on the profitability of companies, and the way agency costs affect profitability by emphasizing the role of management ability.

Data of 100 companies accepted in Tehran Stock Exchange was collected during the years 2012 to 2018.  In order to measure profitability and agency costs, the ratio of return on assets and inverse of assets utilization ratio were used respectively. The management ability was measured using the two-stage method of Demerjian et al (2012). Data analysis was performed using Data Envelopment Analysis and EViews10 software.

The results show that the index of agency costs has a negative and significant effect on the profitability index. According to the GMM Panel (dynamic model), management ability also has a positive and significant effect on future profitability. On the other hand, the managerial ability moderates the impact of agency costs on profitability by reducing its negative impact on the profitability index.

The results indicate that managers with high abilities can better align their interests with those of shareholders and the agency conflicts such as moral hazard, earnings management, time horizon difference and the tendency to maintain profit inside the company, occur in companies with such managers less.

The marketing capability of a company, as one of the essentials of its success and survival, is comprised of a set of skills and knowledge that can improve company performance, and consequently increase its value, via identifying target markets, conducting customer needs assessment, addressing customer orientation, and utilizing resources. Accordingly, the present study aims to identify the accounting variables explaining the marketing capability of the company and its effect on operating revenue, return on assets, and stock prices. The statistical population includes the companies listed on the Tehran Stock Exchange in 2011-2020, selected using a screening of 100 companies as the study sample. In order to measure marketing capability, the stochastic frontier approach and the Stata 14 software are employed. The study findings at a 95% confidence level demonstrate that selling, general, and administrative expenses, trade receivables, intangible assets, cumulative sales volume, and retained earnings shape profit margin, and then explain the marketing capability of the company. As well, multivariate regression is utilized to test other research hypotheses, through combined data and the Eviews 9 software. The study findings at a 95% confidence level reveal that marketing capability has a significant positive effect on two performance variables in the company, viz. operating revenue and return on assets. In addition, such a significant positive impact can be observed on stock prices. Accordingly, the higher power and talent of the company in the field of marketing enriches its operating results and augments its value. Other research outcomes establish that the company’s financial leverage has a negative effect on its operating revenue, return on assets, and stock prices, but cash flows positively affect its operating revenue and stock prices. Furthermore, the ratio of market value to book equity in the company has a significant positive impact on its operating revenue and stock prices. The results of the present study can thus help managers in budgeting assets and expenses that affect company performance, aid investors in terms of successful stock selection, and even guide researchers in the fields of management and marketing.

Considering importance and position of the related party transactions in financial and accounting subject and direct & indirect impact of this Variable on many of financial Variable , in the present research , 107 Companies during 2011 to 2016 (tatally  using 642 years-Company) were selected and analyzed through systematic removal sampling method. The present study is applied type in View of data collection method. The independent Variable in the present study is the related party transactions and the dependent Variable is the Financial Performance. To review Financial Performance of companies , two indicators of Return on assets and Return on Equity were used. Moreover , the Variable of Volume of transactions, financial Leverage , size of Company and key share holders were Considered as control Variable. To verify research hypotheses , multivariable regression models were used and analized using Eviews 8 tools. The results obtained in this research indicate the related party transactions has a negative and sighnificant relation with Financial Performance of Companies (both indicators of Return on assets and Return on Equity). More importantly , it was found that the relation is stronger for Return on Equity.

The main objective of this research is the operational efficiency of the cash conversion cycle and its effect on the financial and non-financial performance of the companies listed on the Tehran Stock Exchange. The sample of the study is selected by the systematic elimination method from 2013 to 2018. After applying the restrictions, 120 companies were selected as the sample. In this study, the research model was investigated using the panel data regression method.Research findings show that the relationship between the cash conversion cycle and the net trading cycle with equity returns of companies is positive and significant.And the relationship between cash conversion cycle and net business cycle with return on assets and economic value added is negative and significant. And the relationship between firm size and financial leverage covariates with return on equity, return on assets and economic value added of Tehran Stock Exchange companies is positive and significant.

In diversified companies, there is a great deal of connection between the various business segments of the company, which, due to their close interdependence, will affect the interests of all segments involved. Therefore, achieving the internal balance of a diversified company and maintaining the interests of each party is of particular importance in this study. 1398 was examined. This research is an applied research in terms of purpose classification and in terms of method based classification, it is a descriptive research and among descriptive researches, it is a correlational research. The statistical sample of the research was selected by systematic elimination method of 81 companies. The results of the hypothesis test showed that there is a significant relationship between the commercial and geographical diversification of the company and the return on assets. There is a relationship between the quality of accruals and the business diversification of companies. But there was no relationship between the quality of accruals and the geographical diversification of companies.

The aim of this study was to investigate the effect of oil prices and fluctuations on the return on assets of companies listed in the chemical and refining industry of the Tehran Stock Exchange to collect data related to research in companies listed on the stock exchange. The method of the present study was applied in terms of purpose and regression analysis in terms of method. The statistical population of this study includes companies listed on the Tehran Stock Exchange and systematic screening or elimination method was used to select the sample. In this way, first, all the companies that could participate in the sampling were selected and then, among them, the companies that were not eligible were eliminated, and finally, the companies that remained were selected for the test. The research period was considered between 2012 and 2018. In this study, the data required to test the research hypotheses were extracted from the annual financial statements of companies (Codal site) and the website of the Stock Exchange Organization. In this way, first using quantitative methods including tools in descriptive statistics, such as mean, standard deviation of the data used was analyzed and to test the hypotheses of this study and determine the relationship between independent and dependent variables, econometric models and hypotheses were used. The corresponding panel multivariate regression method was examined. The results of examining the hypotheses showed that oil price fluctuations affect the return on assets of chemical companies that are members of the Tehran Stock Exchange. Oil sanctions affect the relationship between oil price fluctuations and the return on assets of chemical companies that are members of the Tehran Stock Exchange.

Myopia activities have desirable temporary results and their negative consequences appear in the long run because capital markets are not able to properly understand the short-term consequences at the time. Managers with a Myopia attitude, when faced with lower-than-expected profits, may temporarily eliminate this shortfall in research and development and marketing spending, but will not be effective in the long run. Theoretical models show that managers Myopia can take many forms and can be adapted to different situations and situations. This can be manifested in less investment than in long-term assets, more investment in short-term assets, or selection of specific research to fit the market situation. Therefore, the purpose of this study was to investigate the effect of financial factors on managers Myopia in listed companies in Tehran Stock Exchange from 2012 to 2019 with sample of 120 companies. The logistic regression model was used to test the research hypotheses and the combined data were used for analysis. Findings show that there is a significant inverse relationship between financial factors and managers Myopia. That is, the more positive and significant the financial factors are, the fewer Myopia managers have, which can also be beneficial for future planning of the company.

Given the present era, the major share of resources attraction and allocation in the banks occurs in connection with society. As such, managers need social capital as well as physical and human capital in order to attain organizational goals, provide the ground for competition and pave the way for the development of their respective organization. Managerial social capital is an asset in a social network that can be accessed and mobilized through network membership. As such, the main objective of this research is to examine the impact of the manager's social capital on financial performance of banks. The research hypotheses are tested using the statistical method of regression analysis with synthetic data on 30 banks of the I. R. Iran. Included on stock exchanges and other, in 2009-2018 Conclusively, 265 data-years are extracted to test the hypotheses. The findings of the research show that social capital has a positive and significant impact on financial performance criteria, including the average return on assets, the ratio of other operating income to total bank assets and net operational profit.

The purpose of this research is to investigate the relationship between firm performance and CEO turnover with the moderating role of CEO's influence in companies listed on the Tehran Stock Exchange. In order to achieve this goal, 178 companies listed in Tehran Stock Exchange during the period from 2008 to 2016 were selected by systematic elimination sampling method and a total of 1602 firm-years were considered for analysis. In this regard, two hypotheses were developed and tested in the two models of return on assets and stock returns, as the representative of the firm's performance. Logistic regression was used to test the research hypotheses. The results of the research showed that both models indicate a negative and significant relationship between the firm performance and CEO turnover. Also, the results of the study about the effect of CEO influence on the relationship between firm performance and CEO turnover indicate that CEO's influence on the relationship between firm performance and CEO turnover does not have a significant effect

In this paper, we examined the effect of the internal control weaknesses on the firm performance and firm value for 93 firms in the Securities and Exchange of Tehran in the year 1394. This research can reduce the gap in the relevant literature and provide evidence about the effect of the instruction of the internal controls passed by the Securities and Exchange Organization of Tehran. To evaluate the internal control weaknesses, we used the auditor reports on internal controls based on the internal controls instruction of Securities and Exchange Organization of Tehran enacted in 16/02/1391 and the list of internal control requirements published with that instruction. In order to measure the Firm performance, we used Return on Assets (ROA) and market value of the firm stock was used for measuring the firm value. Based on hypotheses, we expected the negative and significant effect of internal control weaknesses on the firm performance. By cross-sectional regressions, we concluded that internal control weaknesses have a negative effect on the firm performance and firm market value. Also, the results show that internal control weaknesses have a negative effect on the relation between accounting income and firm market value.

Overinvestment is a type of investment behavior that results from greater access to free cash flows. Usually, access to external resources is more in companies with strong political connections. Thus managers may influence the firm's performance by making decisions. Hence, the purpose of the present research is to investigate the effect of political connections on overinvestment and performance of the listed companies in the Tehran Stock Exchange.
To achieve research goal 110 companies were selected and studied for the period of 2010-2016. A panel data approach was used to test the research of hypotheses.
The results show that political connections on overinvestment and firm performance has a positive and negative effect respectively.
In fact, although political connections help firms obtain more financial resources, access to commercial loans derived from political connections could lead to oversupply of credit and increase financial burden. In addition, intervention from politicians may cause distortions in social resources allocation, which results in overinvestments and poor performance

In this paper "Relation between Investment Cash Flows And Financial Leverage on the Garanted Companies in Tehran Stock Exchange" is analysised. Main goal this research is to find out whether between Financial Leverage In selected companies in a determined period of time And Investment Cash Flows relation excite or not? This research is limited to the companies which have attended the bourse In years 1388-1392 and have provided their capital at least once . In this research by applying of formula volume estimate in stance for specific society and by attention rules instance, thirty five company under the title of statistics instance is tested. Way research is discripty of kind alliance, that relation Financial Leverage and Investment cash flows by applying of models statistics alliance is tested and results of analysis on the statistics instance overal society is provided. The result of this study shows that there is not the relation of between Investment Cash Flows And Financial Leverage on the granted companies in Tehran Stock Exchange.

The need for the success and performance of companies is the existence of a strong corporate governance structure to better monitor management and use conservatism to accelerate the detection of bad news than good news.The main purpose of this study is investigating the effect of conservatism and corporate governance on the relationship between financial leverage and financial performance.The research sample consists of 119 companies listed in Tehran Stock Exchange during the period 2012 to 2017.Multivariate regression model has been used To test hypotheses.In order to measure conservatism from the conditional conservatism of Khan and Watts(2009), to measuring corporate governance from board size variables, non-executive members of the board of directors, institutional ownership, transparency and disclosure and for the financial performance of the variable of return on assets has been used.The results of this study confirms that conservatism and financial leverage have a negative and meaningful effect on financial performance, corporate governance has a positive and meaningful effect on financial performance, Conservatism and corporate governance have a significant effect on the relationship between financial leverage and financial performance.