Business strategy

Open Access Article

1 - The impact of corporate social performance on the market performance of companies listed on the Tehran Stock Exchange with the moderating role of business strategy
Hosein Asgari Alouj

Purpose: The performance of companies is measured based on the achievement of short-term and long-term goals. For this reason, performance is considered a suitable indicator to reach the set goals. Several factors are effective in increasing the market performance of co More

Purpose: The performance of companies is measured based on the achievement of short-term and long-term goals. For this reason, performance is considered a suitable indicator to reach the set goals. Several factors are effective in increasing the market performance of companies. The most important success criterion for companies is their market performance. This research sought to determine the moderating role of business strategy in the effect of corporate social performance on the market performance of companies listed on the Tehran Stock Exchange. Methodology: The collected data of 117 companies from 2013 to 2021 was tested by the first-order generalized least squares regression method. To measure the corporate social performance, social dimensions, corporate governance, and environment are used, and to measure the market performance of the company, two criteria, Tobin’s Q ratio and the MBV of the company, have been used. Findings: The research findings showed that corporate social performance has a positive and significant effect on the company's market performance. In addition, the findings of the research showed that the aggressive business strategy has strengthened the effect of corporate social performance on the company's market performance. Originality: The results of the research can be effective in revising and modifying the guidelines and reporting framework of corporate social performance information so that it helps all stakeholders and users evaluate the level of companies attention to the impact of the corporate social performance on market performance. Manuscript profile

Open Access Article

2 - Business Strategy, Financial Reporting Readability, Prospectors Strategy, Defenders Strategy.
zabiholah khani Hossein Rajabdorri Nasim Sharafi

The purpose of this study is to investigate the relationship between prospective and defenders business strategies and the readability of financial reporting. Companies with different strategies have different information environments that may indicate the relationship More

The purpose of this study is to investigate the relationship between prospective and defenders business strategies and the readability of financial reporting. Companies with different strategies have different information environments that may indicate the relationship between business strategy and financial reporting legibility. The Fog index and the length of the text were used to examine the readability of financial reporting. This research is an applied objective and its period is from 2013 to 2017 and a sample of 163 companies accepted in Tehran Stock Exchange. To test the research hypotheses, the least squares method was used in Eviews software. The findings of the research hypothesis test indicate that there is a positive and significant relationship between prospective and Defenders business with financial reporting scruple, which is stronger in future Prospectors companies. A partial review of the research hypotheses suggests that the level of relationship between the Prospectors business strategy and the Fog (H 1) index and the length of the text (H 2) is 46% and 49%, respectively. Also, the level of relationship between the Defenders business strategy and the Fog index (H 3) and the length of the text (H 4) is 31% and 29%, respectively. Consequently, in the interests of greater transparency and clarity, more attention is needed to the company's business strategy. Manuscript profile

Open Access Article

3 - Measuring IS/business Alignment: A case study of Port and sailing organization
Mir-Ali Seyedi Nasser Poursadegh Solmaz Akbarpour

IS strategic planning towards realizing organizational is one of the most important topicsamong Executive managers of companies. It is known as strategic alignment. The purpose ofthis study is to evaluate the maturity of strategic alignment in Irans Port and sailingorga More

IS strategic planning towards realizing organizational is one of the most important topicsamong Executive managers of companies. It is known as strategic alignment. The purpose ofthis study is to evaluate the maturity of strategic alignment in Irans Port and sailingorganization. the alignment factors identified in Luftman strategic alignment maturity modelform the basis of the present study. Luftman model is comprised of five levels, each consistingof six factors. The statistical population of this study consists of CEOs , CIOs and IT experts ofport and sailing organization who are 55 people and were chosen by cases and samples. Thedata was collected using an eight parts questionnaire to determine organization's current status.The result of the analysis of data indicates that according to the idea of manager, the port andsailing organization is at the third level of strstegic alignment maturity(stablished focused).theperspective of the improvement is toward forth level of the strategic alignment maturity. Manuscript profile

Open Access Article

4 - Measuring IS/business Alignment: A case study of Port and sailing organization
Mir-Ali Seyedi Nasser Poursadegh Solmaz Akbarpour

IS strategic planning towards realizing organizational is one of the most important topicsamong Executive managers of companies. It is known as strategic alignment. The purpose ofthis study is to evaluate the maturity of strategic alignment in Irans Port and sailingorga More

IS strategic planning towards realizing organizational is one of the most important topicsamong Executive managers of companies. It is known as strategic alignment. The purpose ofthis study is to evaluate the maturity of strategic alignment in Irans Port and sailingorganization. the alignment factors identified in Luftman strategic alignment maturity modelform the basis of the present study. Luftman model is comprised of five levels, each consistingof six factors. The statistical population of this study consists of CEOs , CIOs and IT experts ofport and sailing organization who are 55 people and were chosen by cases and samples. Thedata was collected using an eight parts questionnaire to determine organization's current status.The result of the analysis of data indicates that according to the idea of manager, the port andsailing organization is at the third level of strstegic alignment maturity(stablished focused).theperspective of the improvement is toward forth level of the strategic alignment maturity. Manuscript profile

Open Access Article

5 - Relationship between business strategy and knowledge capabilities and banking economic marketing activities
Aliasghar Poorteymoor soheila zarinjoy alvar elaheh naseri

In the current volatile and uncertain environment, banks need to expand their tangible and intangible resources and internal capabilities to respond to environmental changes. Therefore, they can achieve macro and long-term goals if they have a codified strategic plan. I More

In the current volatile and uncertain environment, banks need to expand their tangible and intangible resources and internal capabilities to respond to environmental changes. Therefore, they can achieve macro and long-term goals if they have a codified strategic plan. In this research, the researcher provided a model for explaining business strategy with infrastructure factors and knowledge capabilities on the economic performance of the bank using the data base method. Based on this, the sample of this research is the actors and experts in the field of banking in the country who were selected from among the senior executives of the banking field based in Ilam province. Theoretical sample to be interviewed Based on the theoretical sampling method and using the snowball method, first 6 people were interviewed as the primary target sample and finally 19 people were interviewed until the model reached theoretical saturation. The main findings of the research are presented in two parts: conceptual framework and conceptual model. In this model, in addition to special emphasis on internal factors affecting productivity such as manpower, intellectual capital, as well as the context and structure of technology, Allenver's parameters have been considered, this model increased the efficiency of bank knowledge management and economic performance. Manuscript profile

Open Access Article

6 - Investigation the Impact of Business Strategy, Overvalued Equity on Stock Price Crash Risk
A. Heidarzadeh Hanzaee Gh. Hosseinzadeh Zorofchi

The purpose of this study is to examine the impact of business strategy and overvalued equity on stock price crash risk. Business strategy Following Bentley et al. (2014) research, the stock price crash risk has been measured following Houghton et al. (2014) and overval More

The purpose of this study is to examine the impact of business strategy and overvalued equity on stock price crash risk. Business strategy Following Bentley et al. (2014) research, the stock price crash risk has been measured following Houghton et al. (2014) and overvalued equity, following the model of Foods et al. (2005). Business strategy and overvalued as independent variables, the stock price crash risk as a dependent variable and firm size, company's age, financial leverage, market value to book value and return on assets as control variables. A total of 211 companies listed in the Tehran Securities Exchange have been selected in the Tehran Securities Exchange during the period of six years from 2012 to 2017 according to the society's screening conditions and 1266 company-year observations are included in the statistical analyzes. The research hypotheses have been tested using multivariate regression analysis using Panel data with fix effects. The results of the research show that business strategy and overvalued equity have a significant and positive effect on the crash risk. In fact, stocks of companies with a Prospector strategy are more exposed to the stock price crash risk compared to Defender Strategy companies. If firm size, company's age, financial leverage have a significant effect on the Stock Price Crash Risk, but the market value to book value and return on assets does not have a significant effect on the stock price crash risk. Manuscript profile

Open Access Article

7 - Study World Environmentally Friendly Business Strategies on Export Performance Green
Maryam Ghiasabadi Farahani Peyman Ghafari Ashtiyani

This study seeks to examine the current knowledge of the greenhouse gas business strategy on the export performance of green products through a structural model. The data gathering tool was a researcher-made questionnaire with a reliability of 0.88. Using SPSS software& More

This study seeks to examine the current knowledge of the greenhouse gas business strategy on the export performance of green products through a structural model. The data gathering tool was a researcher-made questionnaire with a reliability of 0.88. Using SPSS software’s and Smart PLS software, the results showed that the variables (physical resources related to green exports, financial resources Related to green exports and green corporate culture) with environmentally sustainable strategies, the negative impact of green management sensitivity on environmentally sustainable strategies, the positive impact of green competitive advantage on green export performance as well as the positive impact of green competitive advantage and consistent strategies The environment has a green export function. Manuscript profile

Open Access Article

8 - Social Responsibility and Investment Efficiency: The Moderating Role of the Type of Business Strategy of the Company (Case Study: Companies Listed On the Tehran Stock Exchange)
dariush tahmasebi aghbelaghi maisam faraji amir cheraghi

10.30495/jomm.2022.68885.1965

Introduction: Today, one of the effective factors for sustainable economic growth and development is efficient investment that can create value for shareholders. The purpose of this research is to investigate the relationship between social responsibility and investment More

Introduction: Today, one of the effective factors for sustainable economic growth and development is efficient investment that can create value for shareholders. The purpose of this research is to investigate the relationship between social responsibility and investment efficiency. Methods: To test the research hypotheses, a multiple linear regression model based on panel data has been used. Results: The results of a survey of 140 companies listed on the Tehran Stock Exchange during the period 2013 to 2021 indicate that there is a negative and significant relationship between disclosure of corporate social responsibility information and investment efficiency, and in the years when disclosure of corporate social responsibility information is more The level of investment efficiency has been lower. Conclusion: The results showed that there is a positive and significant relationship between aggressive strategy and over-investment and in the years that the company has chosen an offensive strategy, there has been more investment in the company. There is also a positive and significant relationship between defensive strategy and low investment, and in the years that the company has chosen a defensive strategy, there has been less investment in the company. The results also showed that corporate social responsibility has a negative and significant effect on the relationship between aggressive strategy and over-investment and in years when the disclosure of corporate social responsibility information has been more, the impact of aggressive strategy on over-investment is weak. In addition, corporate social responsibility has a positive and significant effect on the relationship between defensive strategy and over-investment, and in years when the disclosure of corporate social responsibility information has been more, the effect of defensive strategy on over-investment is strengthened. Manuscript profile

Open Access Article

9 - Competitive strategies, firm performance and corporate social responsibility as third strategy
Zohreh Hajiha

In recent decades low-cost and differentiation strategies are recognized as dominant strategies in business and researchers has indicated that having a business strategy can improve firm performance. On the other hand, corporate social responsibility is proposed as a th More

In recent decades low-cost and differentiation strategies are recognized as dominant strategies in business and researchers has indicated that having a business strategy can improve firm performance. On the other hand, corporate social responsibility is proposed as a third complementary strategy. However, according to the kind of strategy, applying corporate social responsibility can affect firm performance negatively or positively.According to this, the research purpose is the investigation of business strategy and disclosure of information on corporate social responsibility on the firm performance. To measure the kind of business strategy the Yuen et al. model (2017) and for corporate social responsibility Mishra et al. model were employed. The research period was 2011-2015 and the sample was consisted of 96 firms listed in Tehran Stock Exchange. The findings of research indicate competitive strategies have a positive and significant effect on performance. Furthermore, the effect of competitive strategies on corporate social responsibility is positive and significant. However, where corporate social responsibility disclosure is higher differentiation strategy has more effect on performance rather than low-cost strategy. Manuscript profile

Open Access Article

10 - The influence of competitive environment and business strategies on the relationship between firm's financial leverage and performance
فرزین رضایی حامد عازم

This study is concerned to investigate the influence of competitive environmentand business strategies on the relationship between firm's financial leverage andperformance.135 firms listed in TSE as samples during 1381-1388 were selected.Results corroborate not only the More

This study is concerned to investigate the influence of competitive environmentand business strategies on the relationship between firm's financial leverage andperformance.135 firms listed in TSE as samples during 1381-1388 were selected.Results corroborate not only there were negative and significant relation but alsoindustrial competitive intensity and business strategy had an influence significantly.These influences on firms with cost leadership strategy were further than firms withproduct differentiation strategy. Furthermore impact of industrial competitiveintensity on relationship between financial leverage &performance was positivelysignificant. Generally, firms with product differentiation strategy and active in highcompetitive intensity environment have the most impact on the relationship betweenfinancial leverage & performance. Meanwhile, other pair as to strategy andcompetitiveness had less impact on that relationship. Manuscript profile

Open Access Article

11 - Modeling and Identifying Hierarchy of the Effective Measures of Negative Criteria Skewness on Stock Returns and the Extra Sigma of Stock Price Crash Risk in the Tehran Stock Exchange with Panel Data Approach
Rosam Ranjbar navi Mohsen Hamidian Ali Baghani

The aim of this study Modeling and Identifying Hierarchy of the Effective Measures of Negative Criteria Skewness on Stock Returns and the Extra Sigma of Stock Price Crash Risk in the Tehran Stock Exchange with Panel Data Approach. For this purpose, the financial stateme More

The aim of this study Modeling and Identifying Hierarchy of the Effective Measures of Negative Criteria Skewness on Stock Returns and the Extra Sigma of Stock Price Crash Risk in the Tehran Stock Exchange with Panel Data Approach. For this purpose, the financial statements of 119 companies were collected during the period 1390-1396. Multivariate regression with panel data was used to test the hypotheses. The findings of the study indicate that debt maturity, conservatism, political connection, financial constraint, stock liquidity, business strategy and institutional ownership are the most important factors influencing stock prices crash risk.The findings of the study indicate that debt maturity, conservatism, political connection, financial constraint, stock liquidity, business strategy and institutional ownership are the most important factors influencing stock prices crash risk. Manuscript profile

Open Access Article

12 - Modeling and Identifying Hierarchy of the Effective Measures of DUVOL Criteria and the period of falling stock prices in Tehran Stock Exchange with Panel Data Approach
Rosam Ranjbar navi Mohsen Hamidian Ali Baghani

The aim of this study Modeling and Identifying Hierarchy of the Effective Measures of DUVOL on Stock Returns and the period of falling stock prices in Tehran Stock Exchange with Panel Data Approach. For this purpose, the financial statements of 119 companies were collec More

The aim of this study Modeling and Identifying Hierarchy of the Effective Measures of DUVOL on Stock Returns and the period of falling stock prices in Tehran Stock Exchange with Panel Data Approach. For this purpose, the financial statements of 119 companies were collected during the period 1390-1396. Multivariate regression with panel data was used to test the hypotheses. The findings of the study indicate that debt maturity, conservatism, political connection, financial constraint, stock liquidity, business strategy and institutional ownership are the most important factors influencing stock prices crash risk.The aim of this study Modeling and Identifying Hierarchy of the Effective Measures of DUVOL on Stock Returns and the period of falling stock prices in Tehran Stock Exchange with Panel Data Approach. For this purpose, the financial statements of 119 companies were collected during the period 1390-1396. Multivariate regression with panel data was used to test the hypotheses. The findings of the study indicate that debt maturity, conservatism, political connection, financial constraint, stock liquidity, business strategy and institutional ownership are the most important factors influencing stock prices crash risk. Manuscript profile

Open Access Article

13 - To Investigate Relation between Business Strategies and Overvalued Equity on Stock ‎Price Crash Risk with regard to intermediate role of companies’ ownership
Mohammad Roozbeh abdollah rajabi khanghah hamidreza kordlouie

Companies generally use aggressive and defensive strategies. The directors of aggressive companies tend to keep bad news confidential, therefore, Information Asymmetry in these companies is higher than defensive companies. So, the goal of this research is to investigate More

Companies generally use aggressive and defensive strategies. The directors of aggressive companies tend to keep bad news confidential, therefore, Information Asymmetry in these companies is higher than defensive companies. So, the goal of this research is to investigate Relation between Business Strategies and Overvalued Equity on Stock &lrm;Price Crash Risk with regard to intermediate role of companies’ ownership. Thus, the financial information of 91 companies listed in the Stock Exchange of which 14 ones with institutional entities and 77 companies with corporate ownership, has been used within years 2012 to 2017. The results figure out that business strategy has a positive and significant relationship with the overvalued equity and stock price crash risk; type of company’s ownership has not impacted on this relation, that is, in the companies with aggressive business strategy, stock price crash risk and overvalued equity are higher. Manuscript profile

Open Access Article

14 - Green Supply Chain Management Business Strategy Selection Using Analytical Network Process
Sahar Sadat Ahmadinejad Mohammad Karimi Zarchi Mohammad Reza Fathi

In today's global business, competition is very intense between organizations and to impress clients, organizations need to put themselves in a better position than competitors. Environmentally friendly and compatible with environmental requirements are the way to disti More

In today's global business, competition is very intense between organizations and to impress clients, organizations need to put themselves in a better position than competitors. Environmentally friendly and compatible with environmental requirements are the way to distinguish from other competitors. If the competitors have benefited from the green supply chain management, the company will be under greater pressure to establish a green supply chain management. Customers also have an important role to deploy. Thus, strategic management, green supply chain is requirement for success in today's competitive market and should be considered seriously.  The aim of this study was to identify and rank the green supply chain management strategies using ANP method. Numbers of criteria identified in this study are 14 criteria in four categories: green design, green shopping, green manufacturing and marketing. The results showed that among the four risk-based strategies, efficiency-oriented, innovation-driven closed loop, efficiency-oriented strategy is the optimal strategy. In addition, the standard of green design has the highest priority. Manuscript profile

Open Access Article

15 - Investigating the Effect of Business Strategy and Stock Price Synchronicity on Stock Price Crash Risk
Ghazal Hosseinzadeh Zorofchi Alireza Heidarzadeh Hanzaei Mohammad Hasani

10.22034/amfa.2019.585637.1187

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Open Access Article

16 - Using Contingency Approach to Improve Firms’ Financial Performance Forecasts
Saman Mousanezhad Esfandyar Mohammadi Rahmatolah Mohammadipour Farshad Sabzalipour

10.22034/amfa.2020.1886008.1345

Manuscript profile

Open Access Article

17 - Open Banking Innovation Model by Digital Transformations Based on Adaptive Neuro Fuzzy Inference System (ANFIS)
Mohammadali Mirfallah Lialestani Abbas khamseh

10.30495/jsm.2021.1925967.1455

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Open Access Article

18 - Presenting an organizational entrepreneurship model based on corporate governance in the banking industry
hooman foroozanfar Morteza Mousakhani Seyyed Mehdi Alwani Alvani Abolfazl Kazemi

10.22094/jdem.2023.705867

The purpose of this paper is to innovate new processes, including understanding social demand, capturing its industrialization, and innovatively reconfiguring integrated knowledge in order to create sustainable development in the community business context. With the eme More

The purpose of this paper is to innovate new processes, including understanding social demand, capturing its industrialization, and innovatively reconfiguring integrated knowledge in order to create sustainable development in the community business context. With the emergence of new approaches in social networks, definitions and behavioral models of businesses have undergone structural changes.And with modernization in some of its dimensions has led to a redefinition of concepts in the field of business. For this purpose, a model for organizational entrepreneurship based on corporate governance has been used as an economic solution. Since banks and their subsidiaries have the necessary potential to operate in these areas and are involved in business in some way due to new approaches. Therefore, banks should think about integrating the organizational entrepreneurship structure with corporate governance to use this approach in their business ecosystem. Therefore, research was conducted in the context of one of the developed banks in Iran from this perspective. In order to test the findings of this descriptive study, data collection method through a questionnaire was used. And raw data were analyzed using statistical techniques. In order to validate the model, the structural equation method has been used. Based on the results of statistical studies, all factors had the necessary validity. Manuscript profile

Open Access Article

19 - Innovation Management of Enterprises: Legal Provision and Analytical Tools for Evaluating Business Strategies
Olena Bilovodska Andrii Kholostenko Zhanna Mandrychenko Olha Volokitenko

10.22094/joie.2020.677820

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Open Access Article

20 - Earnings management, business strategy and bankruptcy risk
Mahdi Filsaraei Mohammadreza shoorvarzi Mahdi Zanganeh

Competitiveness in the financial markets puts many companies at risk of bankruptcy and out of competition. This can cause concern for investors. Bankruptcy risk is mentioned as an important fact in the life cycle of modern business units that can lead to heavy economic More

Competitiveness in the financial markets puts many companies at risk of bankruptcy and out of competition. This can cause concern for investors. Bankruptcy risk is mentioned as an important fact in the life cycle of modern business units that can lead to heavy economic and social costs to shareholders, creditors, managers, employees and the economy as a whole. The key here is to identify the factors that can be used to predict the risk of bankruptcy in the near future. This research will be conducted with the question of whether accrued earnings management and the type of business strategy of the company can help shareholders and managers in predicting the risk of bankruptcy of the company? The main purpose of this study is to investigate the effect of business strategy on earnings management and bankruptcy risk in companies listed on the Tehran Stock Exchange. The statistical population of the present study, after applying some of the limitations in this study, consists of 140 companies listed on the Tehran Stock Exchange during the years 2914 to 2020. Multiple linear regression model has been used to test the research hypotheses. The results of the study indicate that earnings management has a positive and significant effect on bankruptcy risk. The results also showed that cost leadership strategy has a significant negative effect on bankruptcy risk. In addition, the results showed that the product differentiation strategy has a significant negative effect on bankruptcy risk. Manuscript profile

Open Access Article

21 - Investigating the relationship between software support of the company's capabilities and the company's performance with regard to the mediating role of value and business strategy
Fatemeh Hooshangi Elahe Masoumi

This research was conducted with the aim of investigating the relationship between software support of the company's capabilities and the company's performance with regard to the mediating role of value and business strategy in the central branches of banks in Golestan More

This research was conducted with the aim of investigating the relationship between software support of the company's capabilities and the company's performance with regard to the mediating role of value and business strategy in the central branches of banks in Golestan province. The research is applied in terms of purpose and in terms of descriptive-correlation method based on structural equation model. The statistical population includes the central branches of banks in Golestan province, which were selected by the census method of all central branches, and the questionnaire was given to the heads and deputy heads of the branches in the number of 180 people. Data collection was done by means of a questionnaire. For data analysis, structural equation modeling was used using Smart-PLS version 3 software. The results showed that there is a significant relationship between software support of the company's capabilities with market performance, profitability, business strategy and business value. There is a significant relationship between business strategy and business value, market performance and profitability. There is a significant relationship between business value and market performance and profitability in the central branches of banks in Golestan province. Finally, business strategy and business value play a mediating role in the relationship between software support of company capabilities and market performance. Business strategy plays a mediating role in the relationship between software support of the company's capabilities and profitability. Business value does not play a mediating role in the relationship between software support of company capabilities and profitability. Manuscript profile

Open Access Article

22 - Investigating the Effectiveness of Organizational Capacities on The Adoption of Business Strategies in Iran's Food Industry
javid ahmadi farzaneh khalili

Today, due to the formation of a dynamic and competitive economic environment, the use of correct and timely strategies is an integral part of the competition of any industry. The main goal of this research is to identify organizational capacities and abilities in Iran' More

Today, due to the formation of a dynamic and competitive economic environment, the use of correct and timely strategies is an integral part of the competition of any industry. The main goal of this research is to identify organizational capacities and abilities in Iran's food industry and to use them in the way of adopting correct and timely strategies to improve the organization's performance.The current research was conducted with a broad conceptual model and the use of a descriptive/survey method. The statistical population of the research is all the active food industry companies in the country, and the number of 221 companies has been determined as the sample size. Calculations were done by structural equation method and using lisrel software, and the validity of the questionnaire was confirmed by the analysis of elites and professors, and its reliability was confirmed by Cronbach's alpha test, average variance extracted. The findings indicate that there is a significant relationship between the organization's capacities and the organization's strategy orientation and performance. There is a positive and significant relationship between the marketing capabilities of the organization and the concentration strategy, managerial ability and cost leadership strategy, but the technological capacity in the organization is not sufficiently effective despite the positive and significant relationship with the concentration strategy.The final results show that by adopting Porter's general strategies along with identifying and increasing the quality of operators related to organizational capacities in Iran's food industry, the organization's financial and market performance can be significantly increased. Manuscript profile

Open Access Article

23 - Information Distribution Pricing Modeling Based on Financing Constraints, Business Strategy and Corporate Governance with Structural Equation Approach
محمود نوذر پور امیررضا کیقبادی

The flow of information in the market environment affects the behavior of market participants. It is natural for market participants to have a different share of this information flow. The purpose of this article is to investigate the effect of financial constraints, bu More

The flow of information in the market environment affects the behavior of market participants. It is natural for market participants to have a different share of this information flow. The purpose of this article is to investigate the effect of financial constraints, business strategies and corporate governance on the value of information and changes in the distribution of accounting information.In order to investigate the subject of the study, after extracting data related to companies listed on the Tehran Stock Exchange, the composite data regression model has been used to test the research hypotheses. Information asymmetry pricing decreases in the face of high financial constraints. It is also lower at higher levels of corporate governance. On the other hand, pricing information asymmetry is higher at levels with bold strategy. Financial constraints lead to differences in the cost of capital between companies with high information asymmetry and companies with low information asymmetry. , Pursuing a market-based and innovative strategy requires investing in several new technologies to design products and explore new markets. Manuscript profile

Open Access Article

24 - Managers Narcissism, Leadership Styles Choices in Accounting
Saeed Farokh Azita Jahanshad

10.30495/faar.2022.698387

Abstract Some studies have shown that managers' narcissism can affect the choice of leadership styles in accounting (including management, social responsibility, financial reporting quality, etc.). Since no study has been done to evaluate the impact of managers' narcis More

Abstract Some studies have shown that managers' narcissism can affect the choice of leadership styles in accounting (including management, social responsibility, financial reporting quality, etc.). Since no study has been done to evaluate the impact of managers' narcissism on leadership styles in accounting, present study intends to examine this issue; therefore, the present study evaluates the relationships between managers' narcissism, selection of leadership styles in accounting. The statistical population of this study includes managers of companies in Tehran Stock Exchange. Because access to all members of the statistical community was not possible, the available sampling method was used. Therefore, the questionnaires were distributed among individuals and a total of 150 completed questionnaires were collected. Data analysis was performed using structural equations and with the help of LISREL software.  The findings of the research showed that managers' narcissism had a greater impact on the transformational leadership style in accounting than the practical one. In addition, managers narcissism affect on practical leadership style and transformational leadership style in determining companies business strategy, social responsibility , profit management and financial reporting quality. Manuscript profile

Open Access Article

25 - The Impact of Business Strategy and Corporate Governance on Intellectual Capital Disclosure in Selected Companies of Tehran Stock Exchange Using the panel data model
amirreza keyghobadi marjan damankeshideh

Today, because of the increasing competition in the global market, organizations need to change their product assets or create new products, business tactics and upgrades. The success of an organization in developing new products depends on the development of capabiliti More

Today, because of the increasing competition in the global market, organizations need to change their product assets or create new products, business tactics and upgrades. The success of an organization in developing new products depends on the development of capabilities and relationships that are unique to the organization and secure in the medium to long term. On the other hand, a new product is a combination of its benefits, functions and characteristics from the customer's perspective (customer capital) and also requires the knowledge, skills, abilities and experiences of the employees (human capital) and the effective process and system for managing the flow of materials, Information and communication (structural capital).The purpose of this paper is to investigate the relationship between business strategy and intellectual capital disclosure with the influence of Tehran corporate governance. The statistical population of the present study was selected companies listed in Tehran Stock Exchange for the period 1391-1396 and model estimation using panel data model, the companies surveyed. The model estimation results show that business strategy and corporate governance on the disclosure of intellectual capital in the selected research firms in the 95% confidence interval is statistically significant. Manuscript profile

Open Access Article

26 - Prospector and Defender Business strategy, Information Asymmetry, and Stock Price Crash
Zohreh Hajiha

Firms must follow a business strategy for success in the competition. There are two proposed strategies of Prospector and Defender firms. Defenders aims in decreasing costs and prices, however, prospectors conduct innovation and high level of R&D expenditures and tr More

Firms must follow a business strategy for success in the competition. There are two proposed strategies of Prospector and Defender firms. Defenders aims in decreasing costs and prices, however, prospectors conduct innovation and high level of R&D expenditures and try to differentiate their product from competitors. But this approach increase future Stock Price Crash, because one of causes can lead the firm to crash risk is bad news hoarding within the firm. With issuing the bad news, stock price experiences crash suddenly.  This paper examines empirically the effect of firm-level business strategies on future stock price crash risk. In the mean time, it is expected in the higher asymmetry information condition, prospect strategy increase crash risk more. To achieve the research’s goals, we selected 117 firms listed in Tehran Stock Exchange as a sample during 2011-2015. To examine research hypotheses we employed multivariate regression with panel data. The finding indicate prospect strategy increase crash risk, however, defend strategy will decrease it. We also found that in the higher asymmetry information condition, prospectors are more prone to increases future crash risk. Manuscript profile

Open Access Article

27 - Designing the Contingency Model of Human Resources Management Strategies
Mohammad reza Reyhani tooraj Mojibi hasanali aghajani mojtaba tabari Ali Mehdizadeh Ashrafi

Designing the contingency model of human resources management strategies using the strategic reference points of Stewart and Brown (2019) at the Export Development Bank of Iran is the purpose of this research. The present study is descriptive survey. The validity of the More

Designing the contingency model of human resources management strategies using the strategic reference points of Stewart and Brown (2019) at the Export Development Bank of Iran is the purpose of this research. The present study is descriptive survey. The validity of the research was determined by experts' opinion and its reliability was 0.76 with Cronbach's alpha. In the first stage, the fuzzy method was used to design the model, in the second stage, the model was tested with 181 statistical population according to the Morgan table. The results of the Structural equations modeling test using Lisrel software, while confirming the theoretical, showed the experimental compatibility of the model. Finally in the third stage the gap between the status quo and the desired status of quadruple strategies was determined by the t-student test. According to the findings, the Bank's strategy did not fit in both the dimensions of differentiation and cost leadership as well as the employment of the foreign labor market. However, the maintenance of current personnel was confirmed. The HR practices in the whole bank coincided with loyal soldier strategy, but HR practices in the International-Credit Units aligned with committed expert and loyal soldier strategy. Finally, it is concluded that, depending on the various units, it is necessary to establish a complete alignment of strategies. Developing distinct services, reducing costs, training personnel for all units, however, for the headquarters, outsourcing contracts should also be considered.   Manuscript profile

Open Access Article

28 - The Relationship between the Alignment of Information Technology and Business Strategy and the Organization’s Financial Performance
mazyar ganjoo Sohrab khalili shavereini mahmood alborzi seyed mohammad zargar

The alignment of information technology (IT) and business strategy and its relationship with the organization’s financial performance are research domains which are still investigated despite having a long history. The present study attempted to analyze the relati More

The alignment of information technology (IT) and business strategy and its relationship with the organization’s financial performance are research domains which are still investigated despite having a long history. The present study attempted to analyze the relationship between IT and business strategy alignment (vertical alignment) and the organization’s financial performance in a five-year period from 2014 to 2018 in a group of companies registered in Tehran Stock Exchange. The configuration theory in strategic management was used to develop the conceptual model and research hypotheses. By analyzing the resulting data, the IT strategy was divided into four configurations of developmental, innovative, and conservative behavior, and the business strategy was divided into four configurations of innovators, cost defenders, distinction defenders, and analysts. Research hypotheses involved the relationship between the combination of configurations and the organization’s financial performance. Therefore, two methods of alignment as correlation and alignment as Gestalt were used. In the correlation test, the relationship between combinations were extracted from the literature, and in the Gestalt method, the configurations were combined in an exploratory manner using the data of the problem without presuppositions in the literature. Results of the correlation test showed that, except for the relationship between conservative and cost defender configurations, the other relationships does not have a significant correlation with performance. In the Gestalt method, two clusters were obtained; the first cluster with a high performance was mainly a combination of innovators’ and distinction defenders’ strategies in terms of business, and innovative and developmental strategies in terms of IT. Manuscript profile

Open Access Article

29 - The Effect of Marketing, Advertising and Information Technology on Customer Attraction Considering the Mediating Role of Business Strategy (Case Study: Razi Insurance in Chaharmahal and Bakhtiari Province)
zahra dashtlaali Ayatollah Mohammadi

Today, The key to building and maintaining profitable and lasting customer relationships and create superior customer value and satisfaction. The main purpose of this article is the effect of service marketing,advertising and information technology on customer acquisiti More

Today, The key to building and maintaining profitable and lasting customer relationships and create superior customer value and satisfaction. The main purpose of this article is the effect of service marketing,advertising and information technology on customer acquisition by considering the mediating role of the business in Razi insurance company in Chaharmahal and Bakhtiari province.The research method is descriptive-survey,applied purpose and cross-sectional time.A questionnaire was used to collect information.The statistical population is all Razi Insurance customers in Chaharmahal and Bakhtiari provinces, using Cochran's formula, the sample size was 384 people has been selected by convenience sampling method. The reliability of the questionnaire was confirmed by Cronbach's alpha method. Analysis using Structural equation modeling SPSS and Lisrel software.The result showed that the 95% confidence level, service marketing on effect business strategy with a rate of (0.40), service marketing on customer attraction with the mediating role of business strategy with a rate of (0.58), and advertising on business strategy with a rate of (0.56), advertising on customer attraction with the mediating role of business strategy with a rate of (0.48), information technology on business strategy with a rate of (0.53) and information technology has a positive effect on customer attraction with the mediating role of business strategy with a rate of (0.55). Manuscript profile

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