Investors' organizational trust and firm's combined performance: investigating of reciprocal relationship

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Article Type:
Research/Original Article (دارای رتبه معتبر)
Abstract:

nvestors' organizational trust improves the company's financial performance, on the other hand, the company's performance also affects the investors' organizational trust. Therefore, it is assumed that there is a reciprocal relationship between investors' organizational trust and company performance, The purpose of this research is to investigate this reciprocal relationship. To achieve the research's purpose, the data of 970 observations in the ten year period from 2010 to 2019 has been analyzed based on multivariate regression models and combined data. The findings show that the company's performance is affected by investors' organizational trust, and conversely, investors' organizational trust affects the company's performance. One innovation of this research is the investigating the reciprocal relationship between investors' organizational trust and the company's performance. Another innovation is the creation of a composite index from a total of 9 known indicators for measuring the company's financial performance. These indicators include Tobin's Q, EVA, ROA, ROE, ROS, P/E, IR, IGR, and SGR, using the principal component analysis method.

Language:
English
Published:
International Journal of Finance and Managerial Accounting, Volume:9 Issue: 35, Autumn 2024
Pages:
325 to 337
https://magiran.com/p2631552  
سامانه نویسندگان
  • Panahi Milani، Nader
    Author (1)
    Panahi Milani, Nader
    (1393) کارشناسی ارشد حسابداری، دانشگاه آزاد اسلامی واحد قزوین
  • Kazemi، Hosein
    Corresponding Author (2)
    Kazemi, Hosein
    Assistant Professor Accounting, Ghazvin Branch, Islamic Azad University, قزوین, Iran
  • Kordestani، Gholamreza
    Author (3)
    Kordestani, Gholamreza
    Professor Department of Accounting, Imam Khomeini International University, قزوین, Iran
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