An analysis of the association between firm investment opportunities and firm performance

Subject Areas : Management Accounting

دکتر محمدرضا  شورورزی ¹ (نویسنده مسئول)
ایمان  آزادوار ² (ندارد)

Received: 2010-07-11 Accepted : 2010-09-27 Published : 2010-09-23

Keywords: Firm Performance, investment opportunities, investment, wealth,

Abstract :

Investors aim at maximizing their wealth. Growth opportunities are a driving forcethat creates motivation and is considered rewarding for investors. Improvingprofessional knowledge in the field of investment along with the expansion ofinformation technology led the capital providers to invest their cash/capital incompanies where there is a better chance for profit. Thus capital has had a multi-facetmovement and increased greatly in recent years.In this study we analysis of the association between firm investment opportunitiesand firm performance by using data of firms listed in Tehran stock exchange weexamined 85 firms accepted in Tehran stock exchange 2003-2009 periods. Finally,regress model using for test hypotheses. The results demonstrate significant evidenceof an association between investment opportunities and firm performance.