Investigating the impact of quality management standards on profitability indicators of Tehran Stock Exchange

Subject Areas : Management Accounting

razieh  hashemian ¹ (Department of Financial Management , Kish International Branch, Islamic Azad University, Kish Island, Iran.)
Hamidreza  Vakili fard ² (Associate Professor of Financial Management Department, Kish International Unit, Islamic Azad University, Kish Island, Iran)
Mohsen  Hamidian ³ (Associate Professor of Financial Management Department, Kish International Unit, Islamic Azad University, Kish Island, Iran)

Received: 2022-08-10 Accepted : 2022-11-26 Published : 2023-05-22

Keywords: Quality Management, Market value, company performance, higher competitiveness, company efficiency,

Abstract :

The aim of this research is experimentally test the role of compliance with international business standards in improving business processes and company performance, based on the theory of quality management. Does the higher competitiveness and efficiency of the company have an effect or not? The statistical population of the current research is the Tehran Stock Exchange. Through screening, 167 companies selected as the research sample (1670 years-companies). The test of the hypotheses of the research has been done using the multiple linear regression method using the least squares method. The results of the experimental test of the research show that. The independent variable of compliance with international business standards has a direct and significant effect on the market value, the company's competitiveness and the company's efficiency. According to this research, it can be concluded that the financial behavior of companies active in the Iranian stock market is influenced by compliance with international business standards in the field of quality management, and the above standards (environmental standards, quality of services and products, human resources, energy, social activities, customer satisfaction) in Iran have the necessary effectiveness and efficiency and lead to the improvement of financial performance, value creation and efficiency of companies.

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