ارزش شرکت

Open Access Article

1 - Presenting and explaining a model to create the value of the company according to the role of accounting standards management, financial reporting quality and audit quality using meta-innovative models
saman khorshid yahya kamyabi mehdi khalilpour

In the world of investment, decision making is the most important part of the investment process, in which investors need to make the most optimal decisions in order to achieve their maximum benefits and wealth. In this regard, the most important factor in the decision- More

In the world of investment, decision making is the most important part of the investment process, in which investors need to make the most optimal decisions in order to achieve their maximum benefits and wealth. In this regard, the most important factor in the decision-making process is information. Information can have a significant impact on the decision-making process. Because it makes different decisions in different people. In the stock market, investment decisions are also affected by information. Therefore, this study seeks to provide and explain a model to create the value of the company according to the role of management of accounting standards, financial reporting quality and audit quality using meta-innovative models. To achieve this goal, the data of 101 companies listed on the Tehran Stock Exchange during the period 1392 to 1397 were collected, and the optimized algorithm method was used to analyze the data. The research findings indicate that all three meta-functional methods have the power to estimate economic value added and market value added. However, the estimated value of economic value added and market value added in the night cream algorithm is higher than the two decision tree algorithms and the regression machine-supporting algorithm algorithm. Is higher. Manuscript profile

Open Access Article

2 - Validation of Investment Efficiency Models Based on Agency Theory, Information Asymmetry, Managerial Entrenchment and Firm value maximization
Vahid Taghizadeh Khanqah younes badavar nahandi Aliasgar Mottagi Houshang Taghizadeh

In a complete market in which information asymmetry does not exist between managers and external investors, firms can optimally invest in profitable projects. However, when information asymmetry exists, firms may be confronted to face financing constraints and cash surp More

In a complete market in which information asymmetry does not exist between managers and external investors, firms can optimally invest in profitable projects. However, when information asymmetry exists, firms may be confronted to face financing constraints and cash surplus which prevent them from undertaking profitable projects, resulting in an under and over investment. Therefore, in order to achieve an optimal investment efficiency model and detection of over and under investment, the empirical test of investment efficiency models examined in Tehran Stock Exchange. In this research, different models of investment efficiency extract and examined from different economic environments and compared with the native model presented, in order to explain their explanatory power. For this purpose, the origin and economic implications of investment efficiency are used to validate the models. A model is convenient when that consistent with financial and accounting theories. The financial reporting quality, free cash flow, financial constraints, economic value added, and firm value are issues that are tested in relation to investment efficiency models. For this purpose, 180 companies are used for the period of 2007-2017. The findings showed that free cash flows and financial constraints has a positive effect on over and under investment. The findings also suggested that the investment efficiency was positively affected by the economic value added and firm value, but this effect was not confirmed through all investment efficiency models. The results showed that the test of all hypotheses was confirmed based on native model of investment efficiency. Manuscript profile

Open Access Article

3 - Investigation Institutional Investors Effect on Company Value Based on Managers Opportunities Behavior
Hamidreza Vakilifard Foad Ghaderi

This paper examines the institutional investors effect on Company Value Based profit management perspective. The paper result show that companies group in growth will significantly to profit management.

This paper examines the institutional investors effect on Company Value Based profit management perspective. The paper result show that companies group in growth will significantly to profit management. Manuscript profile

Open Access Article

4 - Managers' narcissism and firm value: The moderating role of corporate social responsibility
Sobhan Abdolrezaei Mohammd Hassan Janani Mahmoud Hematfar

The aim of the current research is to relate managers' narcissism with company value and the moderating role of corporate social responsibility performance. In terms of purpose, the research is applied and correlational. In this regard, 132 companies were selected as sa More

The aim of the current research is to relate managers' narcissism with company value and the moderating role of corporate social responsibility performance. In terms of purpose, the research is applied and correlational. In this regard, 132 companies were selected as sample member companies that were active in the Tehran Stock Exchange during 2019-2020. In order to check managers' narcissism, managers' cash bonus index was used, to measure the company's social responsibility, the corporate social responsibility disclosure checklist in Iran was used, and to determine the company's value, Kytobin was used. The research data was collected from the real financial statements of the companies through the Kodal website and compiled using Excel software. The method of testing the hypotheses is multivariate regression using Eviuse 12 software. The findings showed that managers' narcissism has no significant relationship with company value. Corporate social responsibility performance does not have a moderating role on the relationship between managers' narcissism and company value. The results of this research add to the development of the literature related to managers' narcissism and company value. Manuscript profile

Open Access Article

5 - Analyzing the relationship between emotional intelligence and narcissism of managers with the firm value
سبحان عبدالرضائی محمد حسن جنانی محمود همت فر

10.30495/qrm.2022.702934

AbstractThe present study aims to examine the relationship between emotionalintelligence and narcissism of managers with the firm value . In termsof its purpose, the research is an applied and correlational type ofresearch. The research data was collected from the actua More

AbstractThe present study aims to examine the relationship between emotionalintelligence and narcissism of managers with the firm value . In termsof its purpose, the research is an applied and correlational type ofresearch. The research data was collected from the actual financialstatements of the companies through the Kodal website and a standardquestionnaire and compiled using Excel software. The method of testingthe hypotheses is multivariate regression using the statistical softwareEvioz 12. The number of samples is 132 companies. The findings showthat managers' narcissism has a negative and significant relationshipwith firm value. And managers' emotional intelligence has a positive andsignificant relationship with firm value. The findings of this research canbe examined from two theoretical and practical aspects. The theoreticalaspect that leads to a better understanding of the literature related toemotional intelligence and narcissism, which is one of the importantdimensions of the psychological personality of managers, and thepractical aspect that helps investors and other real and legal stakeholdersto consider managers' narcissism when making decisions. Becausenarcissism can affect managers' judgment of the possibility of differentoutcomes. Manuscript profile

Open Access Article

6 - Structural equations relationship between asset growth, profit continuity, profit management and investment opportunities with profit sharing and company value
Abdolrasoul Rahmanian Koushkaki Hossein Taheri

10.30495/fed.2024.709340

Abstract The main purpose of this research is to examine the relationship between assets growth, profit continuity, profit management and investment opportunities with profit sharing and company value among companies listed on the Tehran Stock Exchange. The statistical More

Abstract The main purpose of this research is to examine the relationship between assets growth, profit continuity, profit management and investment opportunities with profit sharing and company value among companies listed on the Tehran Stock Exchange. The statistical sample of the research  includes 113 active companies in the Tehran Stock Exchange during the period from 2015 to 2019. Structural equation modeling (SEM) based on partial least squares (PLS) was used for statistical analysis. The findings of this study showed that assets growth, profit continuity, investment opportunities and profit management have an effect on dividends. There is also a significant relationship between earnings management and dividends. Finally, the distributed profit, assets growth, and the continuity of profit affect the company's performance. Finally, the distributed profit, the growth of assets, and the continuity of profit affect the company's performance. Finally, the distributed profit, profit growth, and the continuity of profit affect the company's performance. When investors determine the value of the company in terms of accounting data, it is necessary to consider the growth rate of assets. When the company does not have a shortage of available cash, the manager does not face a serious problem in allocating resources between investment opportunities and profit distribution. The growth of assets creates value for a company. Managers mostly proceed with profit continuation; Because the amount of profit and its fluctuation is important from the point of view of the company's shareholders and it affects the value of the company. Using investment opportunities and adopting favorable debt and profit sharing policies, which are among the tools of financial decisions, can improve the position of the company. Manuscript profile

Open Access Article

7 - Company value prediction based on deep learning methods
Seyedeh Maryam Babanezhad Bagheri Abbasali PourAghajan M. Mehdi Abbasian Feridoni

10.30495/fed.2023.705603

Abstract Prediction and clear understanding of the behavior of a phenomenon plays a major role in adopting strategies and decisions. All-round development and deepening of the capital market as the driving engine of economic development requires the public trust of par More

Abstract Prediction and clear understanding of the behavior of a phenomenon plays a major role in adopting strategies and decisions. All-round development and deepening of the capital market as the driving engine of economic development requires the public trust of participants in its efficiency and correctness in determining the fair price of securities. On the other hand, predicting company value, price fluctuations, or stock returns is very important in portfolio selection, asset management, and even stock pricing of newly listed companies.In this research, using the data of 159 companies during a 10-year period including 2011-2020 and the factors affecting the company's value, including financial ratios, corporate governance mechanisms, macroeconomic factors, and the stock market, the company's value has been predicted. In this research, two structures of deep learning methods including GRU and BLSTM are used for better evaluation. The results of examining the data collected using deep learning techniques indicated that the combined model with a lower RMSE error than the GRU model predicted the value of the company. Manuscript profile

Open Access Article

8 - حاکمیت شرکتی، افشای مسئولیت اجتماعی و ارزش شرکت
زهره حاجیها عبدالرضا شاکری

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