The main issue that the financial managers should consider inorder to maximize the stackholder capital is to find the best mixture of firms resource. The puzzte of capital structure is the main financial managemet problems and it is more complicated. The purpose of this More
The main issue that the financial managers should consider inorder to maximize the stackholder capital is to find the best mixture of firms resource. The puzzte of capital structure is the main financial managemet problems and it is more complicated. The purpose of this study is to investrage the same capital structure of companies and the druge industry to examine the emperical relationship between capital and earning per share.
First of nonparametric statistical methods for hypothesist ‘ kruskal-wallis’ and to examine hypothesis II , III and IV, the diagnostic test are normal.
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The purpose of this study is to identify a certain criterion of free cash flow that has the most value content under the influence of growth opportunities and corporate governance system. In fact, the purpose of this study is to conduct research that can be effective in More
The purpose of this study is to identify a certain criterion of free cash flow that has the most value content under the influence of growth opportunities and corporate governance system. In fact, the purpose of this study is to conduct research that can be effective in improving the comparability of companies and thus the quality of financial reporting by identifying a specific pattern of free cash flow that has value content. To achieve this goal, 11 widely used free cash flow models were tested on a sample of 180 companies listed on the Tehran Stock Exchange during 2009 to 2019 using panel data regression to examine the value content. The results of testing the research hypotheses showed that free cash flow based on the model of Lehn & Poulsen (1989) with a higher R2 than other models of free cash flow can explain changes in stock market prices under the influence of growth opportunities and corporate governance. . Overall, the findings show that the market gives more weight to the free cash flows of companies that have the opportunity for further growth and a strong corporate governance system.
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In firms where language tone of management in risk disclosure is conservative, more verification is required to disclose good risk news and a lower standard of verification is required to disclose bad risk news. This type of risk disclosure can reduce the likelihood of More
In firms where language tone of management in risk disclosure is conservative, more verification is required to disclose good risk news and a lower standard of verification is required to disclose bad risk news. This type of risk disclosure can reduce the likelihood of negative news accumulating in these firms and decrease the stock price crash risk. Accordingly, the purpose of this research is to investigate the effect of conservative tone in risk disclosure on the stock price crash. The research period is from 2009 to 2018 and the sample number included 167 firms listed in Tehran Stock Exchange. Panel data approach and multiple linear regression were used to test the research hypotheses. The findings show that Conservatism in Risk Disclosure(CRD) reduces the stock price crash risk by requiring asymmetric verification to disclose good and bad risk news. Also, given the high information asymmetry, the role of CRD as a limiter to managers' motivation to accumulate negative news and prevent the stock price crash increases.
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