افسانه توانگر Articles List

List of Articles افسانه توانگر

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1 - Analyzing the Relationship between Risk and Performance Criteria with Emphasis on the Role of Risk Management Effectiveness in Companies Listed on Tehran Stock Exchange
Nasrin Ranjbar Shamsi Zahra Pourzamani Farzaneh heidarpoor Afsaneh Tavangar.

Investors want to be aware of the performance of investment companies. The more information available and the more skillful the use of available information, the more accurate the performance of the company will be.The purpose of this study is to analyze the relationshi More

Investors want to be aware of the performance of investment companies. The more information available and the more skillful the use of available information, the more accurate the performance of the company will be.The purpose of this study is to analyze the relationship between risk criteria and performance with emphasis on the effective role of risk management in companies listed on the Tehran Stock Exchange. Therefore, the financial information of 132 companies between 1390 and 1397 was used as a statistical sample. In this research, the structure analysis method is used, which is a test of a special model of the relationship between variables, because this model is a comprehensive approach to test hypotheses about the relationships of observed and hidden variables. It has a significant effect and the effectiveness of risk management as an intervening variable modulates this relationship. Manuscript profile
Open Access Article
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2 - Investigating the effect of companies' political relations with the government and information asymmetry on short-term and long-term stock price volatility after initial public offering
razieh marvi Afsaneh tavangar hamzekolaie Farzaneh heidarpoor ali rohy

Given the importance of stock price fluctuations after the initial public offering for investors,the important factors that cause these fluctuations were examined. For this purpose, the political relations of companies with the government(using the methods of company si More

Given the importance of stock price fluctuations after the initial public offering for investors,the important factors that cause these fluctuations were examined. For this purpose, the political relations of companies with the government(using the methods of company size factors and the percentage of government ownership)and information asymmetry(using the difference in the offer and sale price range)were investigated that To examine the relationship between political communication and stock price volatility by comparing the means of two independent groups and Multivariate regression method was used to investigate the relationship of information asymmetry.Also,to examine the more accurate dimensions of this relationship, to examine the control variables of supplier reputation and credibilit(using three registered capital characteristics relative market share of initial supply and Number of managed initial public offerings)institutional ownership,earnings management, audit quality and number of shareholders.Findings show that companies'political relations with the government do not affect short-term stock price fluctuations,but these fluctuations in the long run are less for companies with political relations with the governmen (company size factors)than companies without connections. It is political Also, increasing information asymmetry increases stock price volatility after initial public offerings in the long run, but is not effective in the short run.Also, the reputation and credibility of the supplier does not affect price fluctuations, which indicates the lack of attention of investors in Iran at the time of initial public offering to the reputation and credibility of the supplier and the reputation and credibility of the supplier can not affect investors'decisions unlike research in other countries. Manuscript profile
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3 - Designing target leverage model over the life cycle of the company
ha,ed salehi yadolah tariverdi afsaneh tavangar amir reza kayghobadi
10.30495/jik.2023.55069.3137

In this paper, the difference in the target leverage during the life cycle of companies listed on the Tehran Stock Exchange is examined. Leverage is the ratio of the proportion of debt a company tends to achieve, and the leverage ratio is defined as the distance between More

In this paper, the difference in the target leverage during the life cycle of companies listed on the Tehran Stock Exchange is examined. Leverage is the ratio of the proportion of debt a company tends to achieve, and the leverage ratio is defined as the distance between operating cash flow and the time required to invest, and is structured based on trade-off theory (TOT) and pecking order theory (POT) the optimal investment is determined. For this purpose, using GMM method, 153 companies listed on the Tehran Stock Exchange in the period of fiscal year 2011 to 2018 were selected and data analysis was performed using stata and eviews software. In examining the factors affecting the difference in leverage, growth and profitability opportunities were more stable than the size and tangible fixed assets. The findings of this study are important for researchers because the results show that the classification ratio of companies at different stages of the life cycle, the interpretation of the results by considering the factors affecting the structure of the target capital. Therefore, researchers espacialy financial managers could check the assignment of their firms intothe life stage by this model in order to compare their firms’capital structure in the same stage because their behavior change iver the life cycle. Manuscript profile

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