List of Articles Financing policies

• Open Access Article
  • Abstract Page
  • Full-Text
  
  1 - Presenting a Model for Idiosyncratic Risk Effects on the Policies for Financing the Entire Manufacturing Companies Accepted in Tehran Stock Exchange.
  Oveis Bagheri Reza Tehrani
  The main purpose of this research is to present a model of the effects of idiosyncratic risk on the financing policies of the entire manufacturing companies accepted in the Tehran Stock Exchange by econometric approach of panel data during 2001-2014. Initially, we discu More

  The main purpose of this research is to present a model of the effects of idiosyncratic risk on the financing policies of the entire manufacturing companies accepted in the Tehran Stock Exchange by econometric approach of panel data during 2001-2014. Initially, we discussed theoretical background of idiosyncratic risk and financing to investigate the background of the research. In the next step, the determination and estimation of the research model is done. The results of various estimates with and without control variables indicated confirmation of the fixed effect method for the final research model without the surplus / deficit control and trend variables. Estimation of the final model also shows a positive and significant relationship between independent variables (Market-to-book value, stock return, profitability and tangibility, as well as a negative and significant effect of the Z-Score variable on financial leverage. Therefore, each of the six sub-hypotheses of the research and consequently, the main hypothesis of the research was approved. Finally, suggestions based on the results of the research are presented along with suggestions for future studies. Manuscript profile
• Open Access Article
  • Abstract Page
  • Full-Text
  
  2 - The Role of Financing and Human Capital Policies on the Correlation between Corporate Social Responsibility and Innovation
  Abdolrasoul Rahmanian Koushkaki MohamadJavad Heydari
  Purpose: The main purpose of the present research is to study the intervening role of financing and human capital policies on the correlation between social responsibility and innovation of corporations accepted in Tehran Stock Exchange.Method: Five hypotheses were intr More

  Purpose: The main purpose of the present research is to study the intervening role of financing and human capital policies on the correlation between social responsibility and innovation of corporations accepted in Tehran Stock Exchange.Method: Five hypotheses were introduced in line with the research objectives. Multiple linear regression and mixed data were used to test the research hypotheses. The statistical sample consisted of 102 corporations accepted in Tehran Stock Exchange that were chosen by convenient sampling during the years 2013 to 2020.Finding: The results indicated that there is a significantly negative relation between corporate social responsibility and corporate innovation. Furthermore, social responsibility has a significantly negative effect on human capital. Thus, according to the results of multiple regression, the intervening role of human capital between corporate social responsibility and innovation is confirmed. Moreover, the results showed that social responsibility has no significant impact on financing policy. Therefore, the variable of financing policy does not intervene in the relation between corporate social responsibility and innovation. Companies should invest in innovative activities and social responsibility to gain legitimacy and respond to different expectancy of beneficiaries.Conclusion: Corporates that fulfill their social responsibility actively, have more access to credit and gain better debt conditions. Companies which have a tendency towards social responsibility activities, bring more innovation in their products and procedures due to different reasons. By performing social responsibility activities, they support motivation, participation, and commitment of human resources in order to increase corporate innovation.   Manuscript profile