The power indexes of the CEO and the performance of the company under pressure based on product market competition

الموضوعات :

Majid Aliabadi ¹ ( Faculty of Economics and Accounting, Islamic Azad University, South Tehran Branch )
Fatemeh Sarraf ² ( Faculty of Economics and Accounting, Islamic Azad University, South Tehran Branch )
Roya Darabi ³ ( Faculty of Economics and Accounting, Islamic Azad University, South Tehran Branch )

تاريخ الإرسال : 04 الأحد , ذو القعدة, 1440 تاريخ التأكيد : 09 الأربعاء , رجب, 1441 تاريخ الإصدار : 17 الجمعة , جمادى الأولى, 1442

الکلمات المفتاحية: pressured companies, product market competition, CEO power indicators,

ملخص المقالة :

The purpose of this study was to "Identify and explain the relationship between the power indicators of the CEO and the performance of the company under pressure based on the product market competitiveness in the companies listed in the Tehran Stock Exchange". According to this research, the 10-year period of companies listed in the Tehran Stock Exchange was investigated in 1395-1386. The data of 135 companies were analyzed using regression test using SPSS 20 and Eviews 7. The results show that the efficiency of management & integrity of management Is effective on the performance of the company in the companies under pressure on the basis of product market competition, but the effect of management conservatism was not confirmed.

المصادر:

[1] Amirhosseini, Z., Hadipour, S., Evaluation of the Association between Company Performance and Tehran’s Stock Market Liquidity, Advances in mathematical finance & applications, 2018, 3(2), P. 59-68,

Doi:10.22034/amfa.2019.582367.1158.

 

[2] Aliakbarpoor, Z., Izadikhah, M., Evaluation and ranking DMUs in the presence of both undesirable and ordinal factors in data envelopment analysis, International Journal of Automation and Computing, 2012, 9 (6), P. 609-615, Doi: 10.1007/s11633-012-0686-5

[3] Marrakchi Chtourou, S., Bédard, J., Courteau, L., Corporate Governance and Earnings Management, SSRN, 2001, Doi: 10.2139/ssrn.275053

[4] Dibachi, H., Behzadi, MH., Izadikhah, M., Stochastic multiplicative DEA model for measuring the efficiency and ranking of DMUs under VRS technology, Indian Journal of Science and Technology, 2014, 7 (11), P. 1765–1773,

Doi: 10.17485/ijst/2014/v7i11.19

 

[5] Fali, IM., Ibenre, NA., Mustapha, LO., Leverage and Financial Performance of Islamic Banking in Nigeria, The International Journal of Business and Management, 2019, 7(7), Doi: 10.24940/theijbm/2019/v7/i7/BM1907-036

 

[6] Garcıa, M. E., Sanchez, B., Firm value and ownership structure in the Spanish capital market. Corporate Governance,2012, 11(1), P.41-53, Doi: 10.1108/14720701111108835.

[7] Kaplan, S, Appointment of outsiders to Japanese boards, Determinants and implications for managers, Journal of Financial Economics,1998, 36, P. 225–57, Doi: 10.1016/0304-405X(94)90025-6.

[8] Lin, F., A panel threshold model of institutional ownership and firm value in Taiwan, International Research Journal of Finance and Economics, 2012, 42(14), P.120-135.

[9] Machuga, S., Teitel, K., Board of Director Characteristics and Earnings Quality Surrounding Implementation of a Corporate Governance Code in Mexico, Journal of International Accounting, Auditing and Taxation, 2008, 18, P.1–13, Doi: 10.1016/j.intaccaudtax.2008.12.002.

[10] Natchtmann, H., Needy, K, Fuzzy Activity Based Costing: A Methodology for Handling Uncertainty in Activity Based Costing Systems, The Engineering Economist, 2001, 46(4), P. 245-273, Doi: 10.1080/00137910108967577.

[11] Ravanshad, M, R., Amiri, A., Salari, H., Application of the two-stage DEA model for evaluating the efficiency and investigating the relationship between managerial ability and firm performance, Advances in mathematical finance & applications, 2018, 3(2), P.59-68., Doi:10.22034/amfa.2019.582206.1160.

[12] Rashidi Baqhi, M., CEO Risk-Taking Incentives based on Environmental Sustainability, Advances in Mathematical Finance and Applications, 2020, 5(3), P. 261-270, Doi: 10.22034/amfa.2020.1888002.1348

[13] Radenovic, S., Hasani, P., Impact of Financial Characteristics on Future Corporate Risk-Taking Behavior, Advances in Mathematical Finance and Applications, 2020, 5(2), P. 129-147,

Doi: 10.22034/amfa.2019.562157.1104

 

[14] Schmid, M., Oesch, D., Ammann, M., Corporate governance and firm value: International evidence. Journal of Empirical Finance,2014, 18(3), P. 36- 55, Doi: 10.1016/j.jempfin.2010.10.003.

[15] Serguieva, A., Hunter, J., Fuzzy Interval Methods in Investment Risk Appraisal, Fuzzy Sets and Systems, 2004, 142, P. 443-466, Doi: 10.1016/S0165-0114(03)00166-0

[16] Syau, Y., Fuzzy Numbers in The Credit Rating of Enterprise Financial Condition, Review of Quantitative Finance and Accounting, 2001, 17, P. 351–360, Doi: 10.1023/A:1012783613875.

[17] Safari, M., Hassanpour, D., Valiyanc, H., Management Demographic Characteristics, Auditor Choice and Earnings Quality: Empirical Evidence from Iran, Advances in mathematical finance & applications, 2019, 4 (3), P.95-106, Doi:10.22034/amfa.2019.582367.1162.

 

[18] Safari Gerayli, M., Hassanpour, D., Valiyan, H., Management Demographic Characteristics, Auditor Choice and Earnings Quality: Empirical Evidence from Iran, Advances in Mathematical Finance and Applications, 2019, 4(3), P. 95-106, Doi: 10.22034/amfa.2019.582367.1162

[19] Tavana, M., Izadikhah, M., Di Caprio, D., Farzipoor Saen, R., A new dynamic range directional measure for two-stage data envelopment analysis models with negative data, Computers & Industrial Engineering, 2018, 115, P. 427-448, Doi: 10.1016/j.cie.2017.11.024

[20] Taherinia, M., The Impact of Investment Inefficiency and Cash Holding on CEO Turnover, Advances in Mathematical Finance and Applications, 2020, 5(4), P. 469-478, Doi: 10.22034/amfa.2020.674945