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Open Access Article
1 - Development of data envelopment analysis model for financial and social evaluation of companies based on stock returns and accounting value
Mohammad Mir Darikvandi Gholamreza Farsad Amanollahi Ali Esmaelzadeh Mogheri Amirreza KeyghobadiCorporate social responsibility has long attracted the attention of academics, researchers, NGOs, and the government, and has become an important aspect of corporate operations. Increasing the globalization of business, increasing the strategic importance of stakeholder MoreCorporate social responsibility has long attracted the attention of academics, researchers, NGOs, and the government, and has become an important aspect of corporate operations. Increasing the globalization of business, increasing the strategic importance of stakeholder relations and the growth of corporate image management are the three key factors and the main driver in increasing the importance of corporate social responsibility. Data envelopment analysis is a well-known methodology that is applied to evaluate the selected firms based on the most important features. Therefore, in this research, it is important to examine the social responsibility of companies with emphasis on stock returns and accounting value. For this purpose, information related to the member companies of the stock exchange during a ten-year period from 2010 to 2020 after performing the necessary statistical tests using linear regression and EViews 10 and SPSS 26 software to test We addressed the hypotheses. In this research, multivariate regression method has been used as a statistical method. The results show that there is no relationship between social responsibility and accounting value, but social responsibility has an inverse and significant relationship with corporate stock returns. Manuscript profile -
Open Access Article
2 - Identification and Refinement of Effective Factors of Financial Reporting Transparency of Firms Listed on Iran Stock Exchange
Hosein Moghadam Zahra Lashgari Negar Khosravipour Gholamreza Farsad Afsaneh TavangarThis study aimed to identify effective factors of financial reporting transparency (FRT) of companies using knowledge analysis and selected the final effective factors from them using the ANP analytic network process. In this regard, 16 professors and pundits in financi MoreThis study aimed to identify effective factors of financial reporting transparency (FRT) of companies using knowledge analysis and selected the final effective factors from them using the ANP analytic network process. In this regard, 16 professors and pundits in financial and reporting areas were selected as the experts. Then, these factors were assessed, refined, and categorized in three survey stages using Delphi method. First, 20 factors were extracted from the literature review based on the knowledge and content analysis: institutional ownership, independence of the board of directors, the lack of ownership concentration, size of the board of directors, information quality, information accuracy, profit fluctuation, sales margin, return on assets, return on investment, asset turnover, company value, competition, age of company, size of company, technology, current ratio, quick ratio, cash flow and asset liquidity. Further, the identified factors were categorized, assessed and refined based on the survey results from the experts’ opinions using Delphi and ANP analytic network process methods. Results showed following 10 out of 20 factors, identified using the content and knowledge analysis, as the effective factors of FRT: institutional ownership and independence of the board of directors (corporate governance mechanisms), information accuracy and profit fluctuation (financial analysis), return on assets and return on investment (financial performance), competition and age of company (environment), and cash flow and asset liquidity (liquidity). Manuscript profile
List of Articles غلامرضا فرساد امان الهی
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