سودآوری

Open Access Article

1 - Investigating the Impact of Accrual Anomaly on Corporate Financing Activities
Reza Mansourian Nader Rezaei

The purpose of this study is to find an appropriate answer to the question of whether the abnormal accruals have an impact on the financing activities of companies accepted to the Tehran Stock Exchange or not? For this purpose, the financial information of 105 active co More

The purpose of this study is to find an appropriate answer to the question of whether the abnormal accruals have an impact on the financing activities of companies accepted to the Tehran Stock Exchange or not? For this purpose, the financial information of 105 active companies in the Tehran Stock Exchange for the period of 6 years 2011- 2016 was tested using a combined analytical. In order to investigate the purpose of the research, three main hypotheses were presented separately using multiple regression models. Based on the analysis of the first hypothesis, it was found that anomalies of accruals have a negative and significant relation with the future profitability of the companies under study. The result of the second hypothesis is that there is no significant relationship between accrual accounting anomalies and adjusted returns at error level less than 5%. In the third hypothesis it was stated that anomalies of accruals have a positive and significant correlation with the cash flow from financing activities. These findings indicate the need for more attention from policy makers and market capitalists to the abnormal accruals. Manuscript profile

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2 - اثر متغیر های نقدینگی، تورم، حفظ سرمایه، تولید ناخالص داخلی بر سود آوری بانک ملت
رویا دارابی علی مولایی

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3 - Appraising Accrued & Real-Based earning management to achieve industry Average Profitability
Shima hoseinzadeh Azita Jahanshad

In order to materiality of accounting earnings in management compensation and turnover, management performance evaluation this paper helps some papers on relative industry average Profitability as a measure of earnings .This measure is specified out of company and contr More

In order to materiality of accounting earnings in management compensation and turnover, management performance evaluation this paper helps some papers on relative industry average Profitability as a measure of earnings .This measure is specified out of company and control. It is a movable goal that depends on profitability of other companies in the same industry. In addition managers are likely to have strong incentives to maintain earnings in desirable level and to achieve industry-average profitability but sometimes manage earnings by accrual & real-based earnings management This research is to measure accrual & real-based earnings management in order to achieve industry average profitability by two hypothesis .After considering the parameters on listed Tehran Stock Exchange, a total of 186 companies were screened and selected. The hypothesis testing method is based on “Panel data method. Due to the result, A direct and significant relationship exists between “achievement of industry profitability average and “accrual & real earnings Management” of the companies. In fact, companies engage accrual & real earnings management to achieve industry profitability Average Manuscript profile

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4 - Explain the Effects of Loan Losses and Deposit Costs on the Growth of Bank Profitability
zahra Rahmani Mohammad Ebrahim Mohammad Pourzarandi Muhammad Ali Karamati

The bank’s real profitability by adsorbing the deposits, payment loans, and making investments may create cash flows different from what has been anticipated for the apportioned budgets. In line with this, the banks must predict cash flows and factors influencing More

The bank’s real profitability by adsorbing the deposits, payment loans, and making investments may create cash flows different from what has been anticipated for the apportioned budgets. In line with this, the banks must predict cash flows and factors influencing their profitability. The present study tries to investigate and elucidating the effects of loan repayment losses and deposit costs on the growth in the banks’ profitability.Since there is no model for measuring the loan payment losses and deposit costs, the present study engages in designing and pretesting of models for measuring the loan payment losses and deposit costs based on Iran’s banking; then, the designed models will be used for measuring the loan payment losses and deposit costs. GMM-based multiple-regression is the method used herein along with the financial statements of Sarmayeh Bank as well as central bank’ information for a time span from 2011 to 2019.Corresponding to this research’s results, the loan payment losses and deposit costs are factors influencing the profitability of Sarmayeh Bank. In other words, the increase in the loan payment losses and the deposit costs brings about reductions in the profitability rate of Sarmayeh Bank. Manuscript profile

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5 - Performance Evaluation of risk premium measurement models: q-theory asset pricing model against three factor model of fama and french
Gholamreza kordestani Mozhde Ghasemi

Financial scholars have made valuable efforts to measure risk premium. Recently, Chen et al (2010) proposed a three factor model based on market factor, investment factor, and profitability factor for explaining stock return and called it q-theory model. Prior researche More

Financial scholars have made valuable efforts to measure risk premium. Recently, Chen et al (2010) proposed a three factor model based on market factor, investment factor, and profitability factor for explaining stock return and called it q-theory model. Prior researches have shown that this model reduces the magnitude of the abnormal returns of a wide range of anomalies. This research examines the performance of new model in explaining the risk premium of the individual stock and portfolio of stock, and compares it with the performance of CAPM and three factor model of Fama and French in stock exchange market. Sample under investigation consist of 72 listed companies for the period of 1386-1391. The results show that risk premium of stocks has a significant relationship with the sensitivity of its returns to investment and profitability factors. Furthermore, q-theory model significantly excel CAPM in explaining risk premium of firm size, book to market value and momentum portfolios. But it significantly excels three factor model of Fama and French just in explaining the risk premium of momentum portfolios. Manuscript profile

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6 - Test the effectiveness of internal and external methods of financing on the real total returns of stock
Akbar Bagheri Ali Ramezani Abbas Poursaeed

The purpose of this study is to measuring the the effect of financing approaches on the total real rate of return of the Companies listed in Tehran stock exchange of listed companies in Tehran stock exchange. In this regard, we have tried to test some variables such as, More

The purpose of this study is to measuring the the effect of financing approaches on the total real rate of return of the Companies listed in Tehran stock exchange of listed companies in Tehran stock exchange. In this regard, we have tried to test some variables such as, cost of capital, Retained Earning, leverage, Profitability, firm’s Size to measure their impact on total real rate of return. In this study, at the first step there are 43 companies were studied in the field of producing companies and then there 39 companies were examined in the field of petrochemicals in the period from 1390 to 1394. At the next step, data is extracted from the financial statements of companies and then is analyzed by Eviews software and using panel data approach. The results show that research’s variables (incloading: cost of capital, Retained Earning, leverage, Profitability, firm’s Size) have positsve impact firm’s total real rate of return. It can be concluded that the relationship between financing approaches and independent variables. Finally, some recommendations are presented to inform shareholders and investors in this fims on how to use financing approaches.   Manuscript profile

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7 - The Impact of Agency Costs on Predicting Profitability
M. B. Mohhamadzadeh Moghadam

Today's review of the articles shows that the agency cost has been one of the most important fields of studying in accounting.Therefore, the main objective of this study is to evaluate the effect of agency costs on predicting profitability in Tehran Stock Exchange. In t More

Today's review of the articles shows that the agency cost has been one of the most important fields of studying in accounting.Therefore, the main objective of this study is to evaluate the effect of agency costs on predicting profitability in Tehran Stock Exchange. In this research, the benchmark for agency cost includes earninig management, capital structure, corporate governance mechanism and asset turnover ratio.Regression analysis is used to examine hypotheses of the study. The data set includes 105 companies accepted in Tehran Stock Exchange for the period of2010 to 2016. The results of the hypothesis of this research show that among the criteria for measuring the agency cost, there is a positive and meaningful relationship between institutional ownership and asset turnover ratio with predicting profitability.These findings also showed that there is no significant relationship between capital structure and predicting profitability. Additionally, the relationship between earnings management and predicting profitabilityis meaningfulandnegative.The main reason for this negativerelationship can be the moral hazard resulting from the information asymmetry of earnings management.     Manuscript profile

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8 - تأثیرنسبتهای سودآوری برروی بازار سرمایه درشرکتهای پذیرفته شده دربورس اوراق بهادارتهران
یداله رجائی صبا کنگاور نظری

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9 - بررسی رابطه بین تمرکز مالکیت و سطح افشای اختیاری در شرکتهای پذیرفته شده در بورس اوراق بهادار تهران
اکرم عزیزی داریوش جاوید

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10 - The Relationship Between Financial Capabilities on bankruptcy risk companies Listed in Tehran Stock Exchange
Asgar Pakmaram Diba Raeisi

The aim of this study is to assess the ability of the financial capabilities relationship on bankruptcy risk of companies listed in the Tehran Stock Exchange. In this study, to assess the financial capabilities, the rate of return on assets, return on equity and the com More

The aim of this study is to assess the ability of the financial capabilities relationship on bankruptcy risk of companies listed in the Tehran Stock Exchange. In this study, to assess the financial capabilities, the rate of return on assets, return on equity and the company's liquidity standards used .The study also used Zmijewski bankruptcy risk measuring model. In terms of purpose is applicative and in terms of Methodology is correlation from causal after occurrence. Study population are Listed companies in Tehran stock exchange, which using removes systematic sampling, 181companies during 8 years (total1448year-CO) were located in the samples of this study. The period of research included 2006 to 2013. To test formulated hypotheses binary legit regression used. The results show return on assets, return on equity and current ratio and statistically significant negative relation on the risk of bankruptcy. The results also show that the company's size and financial leverage was positive and significant relation on the risk of bankruptcy. Manuscript profile

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11 - Investigating the Relationship Between Profitability Ratio, Capital Structure and the Rate of Stock Return
majid bagherzadeh khajeh Asghar Feyzi

The main purpose of this study has been to investigate if there is a significant relationship between the profitability ratio, capital structure, and the rate of stock return. To do this, first, a definition of the rate of stock return, profitability ratio, and ratio of More

The main purpose of this study has been to investigate if there is a significant relationship between the profitability ratio, capital structure, and the rate of stock return. To do this, first, a definition of the rate of stock return, profitability ratio, and ratio of the company’s  capital structure has been provided and then a t-test,   f-test and correlation computations have been calculated. The related data have been collected from the concrete companies which have been active in Tehran stock exchange for thee years. The population of this study includes all of the concrete companies  which have been accepted in Tehran stock exchange during the mentioned period. After selecting the related companies, we calculated the ratio by conducting a linear and non-linear regression. The results indicate that there is not a significant relationship between the ratio of profitability, capital structure, and the rate of stock return in concrete companies accepted in Tehran stock exchange during the years 1382- 1384.   Manuscript profile

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12 - Non-Interest Income, Profitability and Risk in Banking Industry
Amir Ali Farhang Abolghasem Esna Ashari Asghar Abolhasani Mohammad Reza Ranjbar Fallah Jahangir Biabani

The aim of this study is evaluating the effect of non-interest income on the risk and profitability of the banking industry by using systematic GMM during 1384 to 1393. The findings show that the increase of non-interest income results in the increase of profitability a More

The aim of this study is evaluating the effect of non-interest income on the risk and profitability of the banking industry by using systematic GMM during 1384 to 1393. The findings show that the increase of non-interest income results in the increase of profitability and the decrease of risk in Iran's banking system and there is a significant positive relationship between the concentration index and bank risk in such a way that the increase of concentration index results in increase of banks' risks. On the base of the research results and current problems of Iran's banking system, paying attention to banks' money making ability through non-interest income can be considered as a major solution. Manuscript profile

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13 - The effect of managers' overconfidence on the possibility of financial crises
Ali Nemati

abstract :The effect of managers' overconfidence on the possibility of financial crisesIn this study, the relationship between the Managerial overconfidence and Financial distress like lihoood is examined. The research sample consists of 185 firms listed in Tehran Stock More

abstract :The effect of managers' overconfidence on the possibility of financial crisesIn this study, the relationship between the Managerial overconfidence and Financial distress like lihoood is examined. The research sample consists of 185 firms listed in Tehran Stock Exchange during 1389 to 1393 and in the period studied by systematic elimination method was studied. To review hypothesis of research, logistic regression model was used. The results of this study show that in the period studied, Managerial overconfidence and Financial distress likelihoood and there is a significant positive relationship. In other words, the Managerial overconfidence in firms is increasing the financial distress likelihood. In other words, Managerial overconfidence, increasing the Financial distress likelihoood in the firms. The effect of Managerial overconfidence, on the Financial distress likelihoood is significant at 95 percent confidence level. The results show that the life of the company depends on the ability of company managers and the satisfaction of a wide range of related groups of the companyKeywords: Managerial overconfidence, Financial distress likelihoood, Profitability Ratio, logistic regression Manuscript profile

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14 - بررسی روش‌های تأمین مالی با رشد سود آوری شرکت‌های صنایع داروئی در ایران
علی نعمتی مجتبی کریمی رویا وحیدی مولوی

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15 - بررسی اثر چرخه های اقتصادی بر عملکرد بانک ها در ایران مطالعه موردی بانک ملی ایران (1368-1393)
رافیک نظریان آزاده محرابیان برژانگ مرادی

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16 - The Impact of Credit Risk on the Banking System's Performance: (PANEL VAR Approach)
علی احمدی حسین‌علی احمدی جشفقانی اصغر ابوالحسنی هستیانی

Iran's banking industry due to the lack of adequate development of capital markets and inefficiencies in the market long-term and short-term financing to undertake major economic activity. Accordingly, lending an important part of the financing operations of any bank a More

Iran's banking industry due to the lack of adequate development of capital markets and inefficiencies in the market long-term and short-term financing to undertake major economic activity. Accordingly, lending an important part of the financing operations of any bank account, but the probability of timely repayment of the loan and facilitates the credit risk in banks and inattention in this regard to adverse results in the performance of the banks, if the amount of risk in the public and private banks also have significant differences, it is also the impact of such risks on the performance of these banks will be different. Given the importance of this study is to evaluate the effect of credit risk on the banking system as well as comparison of public and private ‌Y credit risk in banks during the period 1383-1392 has been discussed. In this regard, the operation panel data regression methods were used. The results showed jolts to the size of a standard deviation leads the credit risk of bank liquidity, return on assets and profitability of banks will be reduced. Based on the results, the long-term role in determining the profitability of banks is credit risk, but liquidity and efficiency in the long run significantly affected ‌Ha bank assets with credit risk. Manuscript profile

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17 - The Influence of working capital management on Profitability of Companies listed in Tehran Stock Exchange
امید فرمان آرا میثم عارف نژاد محبوبه جعفری

Abstract Economic enterprises are effectively participating in economic sphere. Two indicators of liquidity power and profitability financially determine this effectiveness. The so-called profitability is the sign of the firm's health and the power of liquidity is the More

Abstract Economic enterprises are effectively participating in economic sphere. Two indicators of liquidity power and profitability financially determine this effectiveness. The so-called profitability is the sign of the firm's health and the power of liquidity is the survival sign of the economic enterprise. In other words, if a company is not profitable, then it's sick, but if there is no liquidity, its survival is in danger. While, both of these factors are important, but liquidity has a higher level of importance. The aim of this research is to investigate the relationship between financial leverage and working capital management and its impact on profitability and performance indicator of listed companies in Iran’s capital market. The statistical sample has been selected by using the available systematic elimination method that has been studied from 2010 to 2014. Research hypotheses were examined by using the linear regression, and regression results among the study sample showed that there is a positive and significant relationship between the combination of working capital and the economic value added of the companies listed in Tehran Stock Exchange, and this relationship will be reversed by the mediator impact of financial leverage; but this relationship was not observed among companies operating in Iran’s OTC market. The results also showed that the working capital combination does not have a significant impact on the variables of financial leverage and the ratio of return on equity in companies active in Tehran stock exchange organization and Iran's OTC market. Manuscript profile

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18 - Explaining the Pattern of Measuring the Environmental Uncertainty and Its Effect on the Fluctuation of Companies' Financial Characteristics
sadegh yousefnezhad Farzaneh Heydarpoor

10.30495/faar.2023.707965

Abstract Environmental uncertainty refers to the unpredictability and complexity of factors surrounding the company that can affect the company's operations, strategy, and results. Companies must navigate this uncertainty to make informed decisions and effectively adap More

Abstract Environmental uncertainty refers to the unpredictability and complexity of factors surrounding the company that can affect the company's operations, strategy, and results. Companies must navigate this uncertainty to make informed decisions and effectively adapt to changing circumstances. The main goal of this research is to explain a model for measuring companies' environmental uncertainty from the perspective of theoretical foundations and experimental research. For this purpose, using the statistical method of principal components analysis, among several criteria, a suitable criterion is selected for each component of environmental uncertainty, and in the next step, by weighting each component, the degree of environmental uncertainty of each company is measured. Then the effect of this variable is tested with the fluctuation of financial characteristics of companies. In this regard, the data of 131 companies were extracted, and multivariate regression analysis was used to test the research hypotheses. The obtained results show that with the increase of environmental uncertainty, the fluctuation of profitability, fluctuation of cash and fluctuation of debt cost of companies increases. Because in the conditions of environmental uncertainty, companies face challenges in accurately predicting demand, pricing and future costs, which can affect their profit margins, cash holdings and debt costs. In addition, the increase in environmental uncertainty has no significant relationship with the increase in the fluctuation of stock returns, the fluctuation of financial leverage, and the fluctuation of dividends paid by companies. Manuscript profile

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19 - رتبه بندی میزان تاثیر اقلام کلیدی ترازنامه ای و نسبت‌های سودآوری در انتخاب پرتفوی بهینه (با استفاده از تکنیک های داده کاوی)
امیررضا کیقبادی سمیه فتحی سمیرا سیف

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20 - Ranking of accounting and environmental factors affecting the profitability of commercial banks
Alireza Shahreza Khosro Faghani Makrani Naghi Fazeli

10.30495/faar.2022.698381

Abstract The Profitability of commercial banks is a very significant and complex issue that is influenced by the management of intellectual capital and financial capital as accounting factors and also indicators of the banking industry and macroeconomics as environment More

Abstract The Profitability of commercial banks is a very significant and complex issue that is influenced by the management of intellectual capital and financial capital as accounting factors and also indicators of the banking industry and macroeconomics as environmental factors. The main purpose of this study is to determine the importance and ranking of factors and indicators affecting the profitability of commercial banks, in order to help effective decisions of central bank policymakers and bank managers. The statistical population includes 17 commercial banks active in Tehran Stock Exchange during the years between 2016 to 2021. To achieve the purpose of this study, the Friedman ranking test in SPSS software was used. The results show that financial capital and intellectual capital as accounting factors were more valuable than the indicators of the banking industry and macroeconomics as environmental factors. The ranking of indicators has shown that the variables of bank size, human capital efficiency, ownership concentration and management efficiency are the most important factors, respectively; In contrast, the variables of capital efficiency of innovation, competition, GDP and communication capital efficiency were the least important in the profitability of commercial banks, respectively. Therefore, based on empirical evidence of this study suggests that managers of commercial banks, along with environmental factors, should pay sufficient attention to the management at their disposal resources. In particular, the increase in assets through the attracting deposits and the increase of capital, and the optimal use of human capital have a decisive role in improving profitability. Manuscript profile

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21 - پیش بینی وضعیت مالی و اقتصادی شرکت ها با استفاده از نسبت های مالی مبتنی بر سودآوری، جریان های نقدی و رشد
زهرا پورزمانی آزیتا جهانشاد شهرام عین قلایی

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22 - Compare the performance of internal and comparative data analysis, genetic algorithm nonlinear techniques to forecast profitability
زهرا Purzamani

Although knowledge about how users of financial statements make decisions is limited, it certainly can be said that a part of decision-making relates to predictability of future profitability. Also, profitability is used as a basis for assessing the efficiency of corpor More

Although knowledge about how users of financial statements make decisions is limited, it certainly can be said that a part of decision-making relates to predictability of future profitability. Also, profitability is used as a basis for assessing the efficiency of corporate managers. This study, with the aim of introducing an appropriate algorithm for predicting the profitability to the decision makers, by the top 24 financial ratios as independent variables, compares the abilities of internal and comparative data analysis in Non-Linear Genetic Algorithm in anticipating the future profitability of companies listed in Tehran Stock Exchange during the years 2002 to 2012. Results of tests indicated that prediction accuracy of internal data analysis in Non-Linear Genetic Algorithm (90.04%) was greater than that of comparative data analysis in Non-Linear Genetic Algorithm (72.85%). Manuscript profile

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23 - The Relationship between Liquidity Ratios and Profitability and Repayment Ability of Debts
Zohreh Hajiha Fereshteh Feizabadi

The main objective of this study is to examine the relationship between cash conversion cycle(CCC) as a liquidity measure with the profitability and debt ratios in Iranian companies. Researches indicate the decreasing of CCC results in a higher profitability in firms. T More

The main objective of this study is to examine the relationship between cash conversion cycle(CCC) as a liquidity measure with the profitability and debt ratios in Iranian companies. Researches indicate the decreasing of CCC results in a higher profitability in firms. The CCC is a powerful performance measure to assess how well a company is managing its working capital. Therefore, the population of this study is firms listed in Tehran stock Exchange during the period of 2006 to 2009. By random sampling, we ed 178 firms as a statistical sample. The hypotheses are examined using panel least squares, analyzing with cross section random and fixed. The results indicate that there is a significant relationship between the CCC and net profit margin; however, there is no relationship with traditional liquidity and leverage ratios. The findings imply that the CCC is a stronger measure for profitability measurement than traditionally liquidity ratios but each liquidity ratios could not measure the ability to repay liabilities. Although, reducing the trend to ray the seller, could damage the firm's credit reputation. Manuscript profile

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24 - نسبت‌های سودآوری و ویژگی‌های مودیان در سیستم حسابرسی مالیات بر ارزش‌افزوده مبتنی بر ریسک
محمد اسماعیل خباز زاده آزیتا جهانشاد

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25 - Rating publicly traded companies affiliated to Iran Khodro using TOPSIS model
حسین Karbasi yazdi کیامرث Fathi سمیه Amin zaded

Nowadays the car industry is referred as one of the strategic indices of the economic development. This industry plays an important role in the economic cycle of each country and is of a special position in the world ̉s financial services. In this research, the research More

Nowadays the car industry is referred as one of the strategic indices of the economic development. This industry plays an important role in the economic cycle of each country and is of a special position in the world ̉s financial services. In this research, the researcher tries to rank the 23 public joint stock subsidiary companies of Iran khodro applying the TOPSIS model, through 3 consecutive years 2006 to 2008.obviously; there exists different ranking indices according to investors' demands and their various standpoints about investment. Since most of the investors look for more profit, a number of profitability indices such as (gross profit to sale ratio, net profit to sale ratio, operating profit to sale ratio, return on assets ratio, return of equity ratio and earning per share (EPS) has been chosen among existing indices as operational variables. The results of this research indicate relocation in the ranking of the under study companies in the time study years. Also the research presents higher ranks for leasing and service companies versus production companies. Manuscript profile

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26 - the Reason of Different Capital Structure in Iran in Comparison with Asia Pacific Countries
Rassol Naeempoor ALI Nemati Maasomeh Alavi

Investment structure of companies (financial leverage), doubtlessly, has a significant role to make decision for investment. The studies show that there is a relation between investment structure (financial leverage) and other factors such as rate of return of assets, p More

Investment structure of companies (financial leverage), doubtlessly, has a significant role to make decision for investment. The studies show that there is a relation between investment structure (financial leverage) and other factors such as rate of return of assets, profit of shares, changes of profit, profit division percent, size of company, and capital market value than value volume of the rights of share holders. The target to consider investment market is to define the structure of financial resources in order to maximize wealth of share holders. Theoretical framework of this research and also other researches is an appropriate database for such this purpose. There is no doubt that there will be a lot of problems in practice because the investment of shareholders is affected by too many factors among which we can mention investment structure (financial leverage).So financial managers of companies pay their attention to the effects of various methods to provide financial resources and evaluate the effect of different financial structures on investment of share holders. The aim of this research is to consider defining factors and the relation between investment structure and above-mentioned factors in the companies which are accepted in Tehran Stock Exchange Market. According to this target, we have ed 88 companies among the statistical society which provide our required data for an 8-year period of research (2002 to 2009). "Compound Regression" method is used to test research theories and "Significant Test Patterns" is done by F and t parameters.  Manuscript profile

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27 - Factors influencing capital structure of small and medium companies in Iran
M.A Aghaei وحید Ahmadiyan اکبر Jahazatashi

Determinants of Capital Structure in Iranian SMEs Firms Mohammadali Aghaee Vahid Ahmadian Akbar JahazAtashi (Received: 18/Apr/2014; Accepted: 20/Jun/2014) Abstract Previous studies suggest that capital structure plays a pivotal role in investment decisions. It is argued More

Determinants of Capital Structure in Iranian SMEs Firms Mohammadali Aghaee Vahid Ahmadian Akbar JahazAtashi (Received: 18/Apr/2014; Accepted: 20/Jun/2014) Abstract Previous studies suggest that capital structure plays a pivotal role in investment decisions. It is argued Compared to LSEs, that Small and Medium-Sized Enterprises(SMEs), in Iran face difficulty in Financing and obtaining bank loans, due to “size discrimination” and “ownership discrimination”. This study tests separately the determinants of Small and Medium Enterprise(SME) capital structure for the firms listed in Tehran stock exchange. Applying panel data analysis, our results obtained small companies indicated a significant relationship between the profitability, growth and size of the company as the independent variable and the ratio of total debt as the dependent variable. Also in Iranian medium firms, there is a significant relationship between the profitability, ratio of fixed tangible assets and size of the company with debts of the company. Key Words: Small and Medium Enterprise(SME), Capital Structure, Profitability, Firm Growth, The Effective Tax Rate. Manuscript profile

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28 - Identify the determinants of investment opportunities regression
Bahman Banimahd متین Farzaneh

Identifying Determing Factors in Investing Opportunity on The Basis of Regression Application Bahman Banimahd Matin Farzaneh Nokhandan (Received: 07/Jun/2014; Accepted: 10/Mar/2014) Abstract This essay attempts to analyses effective factors upon investing opportunities More

Identifying Determing Factors in Investing Opportunity on The Basis of Regression Application Bahman Banimahd Matin Farzaneh Nokhandan (Received: 07/Jun/2014; Accepted: 10/Mar/2014) Abstract This essay attempts to analyses effective factors upon investing opportunities in The approved companies in Tehran Stock Exchange during seven years 2002- till 2009. consequently this study indicate some factors such as profiting , financial leverage and the firm size and the proportion of the fixed asset to the total asset are effective variables in investing opportunities. The result also show that there is no significant relationship on selling growth and type of company ownership. finally, the most important factor is profiting index element in investing opportunity. Key Words: Investing Opportunity. Profiting Index. Financial Leverage. Firm Size. Manuscript profile

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29 - The Effect of Income Smoothing and Earnings Quality on Financial performance of Firms
zeinab ariamand seyyed abbas ebrahimi

Profit smoothing can be seen as a deliberate reduction in profit fluctuations, so that the activities of the company appear to be normal. Managers are making profit smoothing to reduce this volatility. Some experts believe that investors are more willing to invest in sm More

Profit smoothing can be seen as a deliberate reduction in profit fluctuations, so that the activities of the company appear to be normal. Managers are making profit smoothing to reduce this volatility. Some experts believe that investors are more willing to invest in smoothing companies and are willing to pay more for them. Researchers believe that some of the characteristics of the company influence the motivation of managers to smooth profits. This study attempts to explain the theoretical foundations of the research, the relationship between earnings smoothing and company characteristics such as earnings quality, P/E and ROE and ROTA. Check the securities. In order to investigate the relationship between earnings smoothing and firm characteristics, data related to the period 2010-2017 were collected and analyzed. Logistic regression was used to test the research hypotheses. The results show that companies with higher price to earnings (P/E) ratios have more incentive to report earnings. And companies with higher earnings quality are more motivated to report earnings smoothly. Finally, it was found that larger ROTAs had a greater incentive to report earnings. Manuscript profile

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30 - بررسی رابطه نسبتهای سودآوری با کارایی درموسسات آموزش عالی غیر دولتی با استفاده از تکنیک تحلیل پوششی داده ها (DEA)
محمد محمودی حسین بدیعی روح اله رضازاده

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31 - کاربردالگوریتم ژنتیک خطی و غیر خطی در بهبود قدرت پیش‌بینی
زهرا پورزمانی

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32 - استنتاج پارامترهای تاثیرگذار در شاخص سودآوری پروژههای سرمایهگذاری ریسک‌پذیر صنعتی و معدنی با استفاده از تحلیل
حسین بدیعی احمد امامی رئوف غلامی مهیار یوسفی

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