محسن Dastgir Articles List

List of Articles محسن Dastgir

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1 - The effect of intellectual capital on the financial performance of the company
محسن Dastgir مهدی Arabsalehi راضیه Aminjafari H.A Akhlaghi
20.1001.1.23830379.1393.6.21.1.1

The Impact of Intellectual Capital on Firm’s Financial Performance Mohsen Dastgir Mahdi Arab Salehi Raziye Amin Jafari Hasanali Akhlaghi (Received: 22/Dec/2013; Accepted: 22/Feb/2014) Abstract Today in global economy, knowledge as a most important capital has been More

The Impact of Intellectual Capital on Firm’s Financial Performance Mohsen Dastgir Mahdi Arab Salehi Raziye Amin Jafari Hasanali Akhlaghi (Received: 22/Dec/2013; Accepted: 22/Feb/2014) Abstract Today in global economy, knowledge as a most important capital has been replacedby physical and financial capitals, and business environment based on knowledge, requires an approach that encompasses new organizational intangibles such¬ as human innovations, customer relations, organizational structure, etc. In the knowledge based economy the role ofintellectual capital in creating value for organization, is muchmore than the role of physical capital. Therefore, organizations for gaining sustainable competitive advantage requires recognition and systematically management of intellectual capital. Due to importance of intellectual capital in strategic business process of firms, this study investigate relationship between intellectual capital and financial performance of listed firms in tehran stock exchange. The period of study is the years between 1384 till 1389, and the ed sample consist of 68 firms. In order to examining the hypotheses, data were collected and the value of firm᾽s intellectual capital based pulic model and financial performance with the use of three indicators tobins q, price on earning per share and growth revenues ratios is measured. Then with using method combined¬ data, performed the data analysis process and fisher's statistic and haderi tests and, watsons camera been used. At the end the regression analysis is performed. The results of testing research hypotheses, indicates a significant relationship betweenintellectual capital and two indicators financial performance (price on earning per share and growth revenues). Key Words: Intellectual Capital, Value Added Intellectual Capital Model, Financial Performance. Manuscript profile
Open Access Article
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- Full-Text
2 - The Relationship between Environmental Uncertainties and Current Stock Return
Bahareh Armat Mohsen Dastgir
20.1001.1.23830379.1392.5.19.5.4

The present study attempts at investigating the fact that how environmental uncertainties affect on firms' performance and profitability and what is the relationship between smoothed incomes and current stock return in the firms operating in uncertain environments. It i More

The present study attempts at investigating the fact that how environmental uncertainties affect on firms' performance and profitability and what is the relationship between smoothed incomes and current stock return in the firms operating in uncertain environments. It is generally assumed that environmental uncertainties negatively affect firms’ performance and profitability. Therefore, to prevent their negative effects, managers attempt at smoothing reported incomes. Income smoothing creates harmony and consistency in income growth rate and increases the efficiency of future incomes’ prediction. As a result, current stock return is affected. In the research presented here, data is investigated annually for the time interval since 1385(2006) till 1389(2010). To test hypotheses, three multivariate regression models are employed To calculate discretionary accruals, model of Kothari et al is used. Furthermore, coefficient of variation of sales was considered as a criterion for environmental uncertainty of firms belonged to our studied sample. Findings indicate that environmental uncertainty creates many fluctuations in firms’ performance and profitability and to avoid its negative consequences, managers perform reported income smoothing using discretionary accruals and smoothed incomes have a significant relationship with current stock returns. Manuscript profile

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List of Articles محسن Dastgir