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Open Access Article
1 - Studying the Impact of the Value Added Tax on Profitability and Survival of the Companies in Tourism Industry (Case study: Hotels in Tehran)
Mohammad Hosein Fatheh Ahmad HasanporObjective: The present study aimed to trace Studying the Impact of the Value Added Tax on Profitability and Survival of the Companies in Tourism Industry (Case study: Hotels in Tehran)Objective: The present study aimed to trace Studying the Impact of the Value Added Tax on Profitability and Survival of the Companies in Tourism Industry (Case study: Hotels in Tehran) Manuscript profile -
Open Access Article
2 - Future Study of Investment in the Housing Industry in Iran Using Scenario Planning Approach and Cross-Impact Matrix
Mohammad Reza Fathi Mohammad Hasan Maleki Vahid Rezvani AslHousing sector is one of the pioneer sectors of every economy that attention to that moreover deep social and cultural influences and making jobs in building sector and dependent sectors, by means of  MoreHousing sector is one of the pioneer sectors of every economy that attention to that moreover deep social and cultural influences and making jobs in building sector and dependent sectors, by means of influence on consuming expenditures and investment, effects strongly on gross domestic product changes and economical fluctuations. Also in recent years, this industry always has faced with splendor and stagnancy. so in this research, housing industry with regard to importance and it`s role in economical development and public welfare, with financial view investigated as Futures study. As identifying effective key factors on investment and future profitability of housing industry are important, this research with using ultra disciplinary of futures study intends to apply recognitional instruments and scenario writing, presents a clear view of future of Iran housing industry to programmers and investors. because of this research is done with general and comprehensive view related to research variables, results of this research can be generalized to housing industry of country. in this research with studying subject literature and interview with experts of housing industry, effective factors on research variables are identified and next, with using cross impact analysis approach, data entered to Mic-mac software and 4 effective key factors on future of investment and profitability are specified including economical sanctions, scale of government investment in housing sector, economical splendor and stagnancy, scale of access to infrastructural networks that are selected among 40 effective factors. in next phase, for writing scenarios, 4 effective key factors with specifying uncertainty states in questionnaire by experts, entered to Scenariowizard software and the most consistent future forthcoming scenarios of housing industry specified . After identifying scenarios and consult experts, economical sanctions and scsle of government investment in housing sector selected for writing scenarios and with regards to their conditions, future of housing industry presented in the form of 4 scenarios. Manuscript profile -
Open Access Article
3 - The effect Privatization of Mellat banks on profitability
Sedigheh Tootian رضا یاری فر رضا جمالیThe purpose of the study is to examine the effect Privatization of Mellat banks on profitability. The realm of this research is the Mellat Bank and the realm of time from 2003 to 2015. Privatization as independent variable, ROA, ROE, as dependent variable are regarded. MoreThe purpose of the study is to examine the effect Privatization of Mellat banks on profitability. The realm of this research is the Mellat Bank and the realm of time from 2003 to 2015. Privatization as independent variable, ROA, ROE, as dependent variable are regarded. This is a kind of descriptive-correlative study. As data nature, this is a kind of quantitative study and as purpose, this is a kind of applied study. Jarque-Bra test is done for normality testing. Regression significance and coefficient significance tests are considered in order to investigate significance in regression pattern. Heterogenity, Brosh-Godfery are considered as regression pre-test as well. The results show that there is a significant relationship between Privatization of Mellat banks and profitability (ROA). There is not a significant relationship between Privatization of Mellat banks and profitability (ROE). Manuscript profile -
Open Access Article
4 - Management Accounting Systems, Just-in-time Manufacturing and Return on Investment
F. Rahnema RodposhtiAbstract: This paper is Result of Empirical Research. So Relationship Bitween Three Variable That is (JIT),(MAS) & (ROI) in Lokman Mia Study do tested on Real Data in Tehran Exchange.Managers working in just-in-time manufacturing environments have little or no slack MoreAbstract: This paper is Result of Empirical Research. So Relationship Bitween Three Variable That is (JIT),(MAS) & (ROI) in Lokman Mia Study do tested on Real Data in Tehran Exchange.Managers working in just-in-time manufacturing environments have little or no slack resources available tothem to cushion against the difficulties caused by defective raw materials. Production errors. Irrregularsupply and demand schedules or to mask inefficiencies (Griffin and Harrell, 1991). This makes theperformance-related information provided by management accounting systems critical in such environments.This reports the results of a study that empirically tested the above statement. It was done by evaluating theimpact of adoption of just-in time manufacturing (JIT) and the Information provided by the managementAccounting system (MAS) on organizational performance (profitability & ROI). Data fo the study werecollected through personal intrrviews with financial controllers of 55 organisation located in TehranExchange Company. Of these organisation, 28 adopted JIT at least three years prior to the study and the restwere non-adopters the time of the study. The results suggest that the JIT adopter organisations witg high(low) provision of the information earn high (low) profit. The study supports the argument that adoption ofJIT and profitability Also this results suggest that integration JIT & MAS in decision making to promotprofitability. Manuscript profile -
Open Access Article
5 - The Relationship Between Corporate Governance and Finance and Profitability in Tehran Stock Exchange listed Firmes
F. Rahnamaye Roudposhti A. AslaniQuality of controling and directing of firms and their patterns of finance are important discussions incorporate governance in recent years in the world .Ownership is a key element in corporate control andgovernance. Quality of ownership concentration of top stock holde MoreQuality of controling and directing of firms and their patterns of finance are important discussions incorporate governance in recent years in the world .Ownership is a key element in corporate control andgovernance. Quality of ownership concentration of top stock holders affect directly patterns of finance.Implementation of specific financing pattern in southeast Asia led to financial crisis. This thesis surveycontrol structure and patterns of financing of listed firms in Tehran stock exchange .Financial datas areissued by Tehran stock exchange in period 2000-2004 in the formes of balance sheet and income statementand other information are used in this thesis .Ownership concentration is measured by the proportion ofshares owned by top one shareholders. The iranian corporate sector’s owenership concentration iscategorized into three groups based on percentage of ownership (i) 0%-33% (ii) 33%-66% (iii) 66%-100%.By firm size, the corporate sector is divided into large, medium, and small companies, depending on capitals.The relationship bettween ownership concentration and firms size are tested, then their relations withpatterns of financing (retained earning, debting, issuing equities) are tested. The effect of each abovevariables on sale and profitability are tested, too. The conclusions indicated, the most important source offinancing in Iranian firms is debting, with average ratio 0.6, and also stock issue with average ratio 0.3 is thesecond, and retained earning with average ratio 0.1 is the thired patterns of financing in compare with othercountries. Ownership and control of corporations in Iran are highly concentrated, ownership concentration oftop one stockholder in Iranian firms held, on average 50/1 percent of shares, is the highest in compare withother countries. Based on a Regression analysis,there is statistically significant relationship between capitaland profitability, increasing in capital led to high profitability and also reduction in depending on financingin debt and a little increase in issuing equities, in Iranian firms .On the other hand, results show a significantpositive relationship between ownership concentration and financial leverage, as measured by total debt – to-total assets ratios.These are consistent with the hypothesis that companies with more concentratedownership tend to engage in higher debt financing because their controling owners do not want to dilute theircontrol by bringing in new equity holders Manuscript profile -
Open Access Article
6 - Survey of Governmental Effect on Financial Function (Profitability)
P. Saidi J. GhezelseflooThis paper investigates privatization including Return on Assets (ROA), Return on Equity (ROE) andReturn on Sale (ROS) in the Tehran stock exchange. From 1996 to 2004, 29 companies receivedgovernmental share in the private sector. This first sectorincludes two level ces MoreThis paper investigates privatization including Return on Assets (ROA), Return on Equity (ROE) andReturn on Sale (ROS) in the Tehran stock exchange. From 1996 to 2004, 29 companies receivedgovernmental share in the private sector. This first sectorincludes two level cession using a Wilcoxonsinged rank test and regression in the OLS method and second sector three level cession using theFriedman test. The results shows that first sector financial function companies increase, and secondsector do not. Manuscript profile -
Open Access Article
7 - Explain the model of bilateral policy in the field of coaching with the approach of development, profitability
Mirali Seyednaghavi jahanyar bamdadsofi reza vaezi parisa akhtariBackground and Aim: Organizational Mutual Orientation The ability of an organization to create, disseminate and act on the basis of the knowledge produced and the exploration and benefit of activities in the field of coaching is required to produce mutual organizational MoreBackground and Aim: Organizational Mutual Orientation The ability of an organization to create, disseminate and act on the basis of the knowledge produced and the exploration and benefit of activities in the field of coaching is required to produce mutual organizational learning. In the present study, researchers intend to propose a model of reciprocal coaching policy with a development approach, profitability for government organizations.Method: In this research, the qualitative research method is data foundation theory and in order to collect data based on purposeful sampling, in-depth and semi-structured interviews with academic and executive experts were conducted. Then, the data were analyzed based on open, pivotal and selective coding and efficient and effective use of quality analysis software (MAXQDA.PRO.2018.1).Findings: The main categories of "Executive Objectives of Bilateral Coaching Program", "Strategic components related to coaching", "Facilitating and deterrent factors", "Internal influential areas of the organization" and also the central category of "coaching" are extracted. Which has led to the consequences of this exploratory model in the form of "reciprocal coaching".Conclusion: The model in this study suggests that organizations can implement this model by considering their goals. Manuscript profile -
Open Access Article
8 - Optimizing Product Combination in Continuous Production Companies
S. Savadkouhi F. Hosseinzadeh Lotfi M.r. Shahriyari M. Vaez-GhasemiThe optimum use of the upstream resources, production corresponding to the market demands, and structural constraints for the optimum production with the less wastes during the most rapid time required by the market which finally result in the more profit for the shareh MoreThe optimum use of the upstream resources, production corresponding to the market demands, and structural constraints for the optimum production with the less wastes during the most rapid time required by the market which finally result in the more profit for the shareholders are considered as the major objectives of this research. In this research, for the purpose of increasing the efficiency and optimum production, a model with a sequence proportional to the constraints of the problem is proposed by use of zero–one, integer programming based on the operational research science. The gained mathematical model is studied and verified with the actual data of Jam Polypropylene Co. and executed during monthly periods with one year planning horizon that the expected results of this research will realize during the term of study and assessment will result in increase of net profit, decrease in product storage, the faster responding the market demand corresponding to the profit of the company by taking the structural constraints of the factory and production into account. Manuscript profile -
Open Access Article
9 - Working Capital Policy and Stock Profitability
Hasham Valipor Zahra Sadat HossinyThe aim of this research is to find out the effect of working capitalmanagement on profitability and stock return. Working capital is one ofthe most important item of the right side of the balance sheet of eachcompany and is equal to the current assets. Working capital MoreThe aim of this research is to find out the effect of working capitalmanagement on profitability and stock return. Working capital is one ofthe most important item of the right side of the balance sheet of eachcompany and is equal to the current assets. Working capital managementis the best compound of the items of working capital that causes thehighest wealth for the company’s shareholders.This research has examined 75 companies of the SEC of the Tehran in aperiod since 1379 to 1386. The method is correlation. For analyzingdata’s, Pierson rate of coefficient and multiline regression and ANOVAanalysis has used.The results have shown that working capital policies have relationwith profitability. Another result have shown that profitability of stockhave direct relation only with working capital policy and don᾿ t haverelation with growth of fixed assets and growth of sales . Manuscript profile -
Open Access Article
10 - Using neural network approach to predict company’s profitability and comparison with decision tree c5 and support vector machine (svm)
Malihe Habibzade Mostafa EzadpourProfit as one of the most important indicators of measuring the performance of the economic unit is one of the important accounting issues that has a high status due to the competitive environment and the importance of quick and proper decision making by managers. There MoreProfit as one of the most important indicators of measuring the performance of the economic unit is one of the important accounting issues that has a high status due to the competitive environment and the importance of quick and proper decision making by managers. Therefore, it is important to analyze the index, factors affecting it and predict profitability. In this regard, the present study was conducted by selecting a sample of 124 observations for the period from 1387 to 1395, based on the basic information of the companies financial statements; the effect of 34 variables on the accuracy of predicting the profitability of the accepted companies by Tehran stock exchange, has been investigated. Tree C5 method was used to determine the significant variables in predicting profitability due to the high ease of understanding of the model. Finally, after determining the effective variables and identifying 8 variables, the accuracy of the predictions was measured using the neural network technique, the C5 decision tree and the backup vector machine (SVM), and the results from these three algorithms were compared. The results of the comparison show that using the c5 decision tree and the 8 variables have the best prediction with accuracy of 93.54%, and then the neural network model is 81.45% more accurate than the supported vector machine (69.35%) and has an error. Manuscript profile -
Open Access Article
11 - The study of the ability of financial and profitability value index in explanation of Firms stock return in Tehran stock exchange
صابر جلیلی علی اکبر نونهال نهر نوید خالقیStudying behavior of securities and financial assets has always received significantattentions from scientific circles and investors. Financial and profitability value indexincluding economic value added has been the focus of financial management andmanagement accountin MoreStudying behavior of securities and financial assets has always received significantattentions from scientific circles and investors. Financial and profitability value indexincluding economic value added has been the focus of financial management andmanagement accounting. Using these criteria one can accurately predict stock returnof the company and can avoid criticism on accounting income. Therfore financial andprofitability value index, has a signisifant import for investors. In this regard thisproject investigates information content, explanation ability and correlation intensityof financial and profit ability value index with firms stock returns. Computingcollected data, firm and year, ninety accepted firms in Tehran stock exchange wasinvestigated for seven years. This study is an experiential and it’s purpose isapplication research type. Research hypotheses using correlation coefficient, multiplyregression, F Fisher and T-test were investigated. Using Stata and Excell soft warsrequired computation was done. The results show that among of independentvariables there is meaningful relationship just between economic value added and netincome with stock return. Other independent variables such as market value added,cash value added, asset return and equity return have meaningful relationship withstock return, but this relationship is not as much as that of economic value added. Manuscript profile -
Open Access Article
12 - Investigating the Impact of Accrual Anomaly on Corporate Financing Activities
Reza Mansourian Nader RezaeiThe 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 MoreThe 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 -
Open Access Article
13 - Explaining the non-linear relationship between the central bank intervention index and the profitability of commercial banks by considering the credit risk in the country's banking network
azam sadat atyabi Alireza daghighiasli Marjan Damankeshideh منیژه هادی نژاد gholamreza geraeinejadThe purpose of this article is to investigate the non-linear effect of the central bank's intervention index, taking into account credit risk, on the profitability of commercial banks in the country's banking network. For this purpose, the panel model with a threshold a MoreThe purpose of this article is to investigate the non-linear effect of the central bank's intervention index, taking into account credit risk, on the profitability of commercial banks in the country's banking network. For this purpose, the panel model with a threshold approach (PSTR) has been used based on the annual data of banks admitted to the Tehran Stock Exchange during the years 2010 to 2019. Based on the estimation results of the model in the linear part for banks admitted to the stock exchange in the first, second and third models; The growth of banking facilities, the size of the bank and the intervention of the central bank have a significant effect on profitability. Due to the confirmation of the nonlinearity of the model by the test (LM), the analysis of this part of the model has more validity. The estimation results of the non-linear part of the model (second regime) also show the existence of a significant effect of the variables; The growth of banking facilities, bank size, credit risk and central bank intervention in all three models have an effect on banks' profitability. So that for one percent increase in the growth of banking facilities, respectively; The rate of return on assets in the first model is -0.02, the rate of return on equity in the second model is -0.03, and the net interest income in the third model decreases and increases by 0.07. The increase in the intervention of the central bank has also led to a decrease in the profitability of commercial banks. Therefore, it is suggested that commercial banks act through measures such as reviewing and correcting the inhibiting factors and the speed of action in collecting existing receivables in order to reduce non-current receivables, merging the unprofitable bank with the profitable and successful bank, etc. Manuscript profile -
Open Access Article
14 - The role of banking crisis in the effect of income diversity on profitability of banking industry in Iran
Nesa Kamalian Farshid pourshahabi azim nazariIn the last three decades, the Iranian economy has faced many vicissitudes in macroeconomic areas such as the banking industry. Analysis of the dominant condition of Iran’s banking system indicates that although it has not practically resulted in an explicit crisi MoreIn the last three decades, the Iranian economy has faced many vicissitudes in macroeconomic areas such as the banking industry. Analysis of the dominant condition of Iran’s banking system indicates that although it has not practically resulted in an explicit crisis due to the state-owned banks and the central bank's financial support, the Iranian economy has experienced a banking crisis. The main objective of the current study is to examine the role of banking crisis in the effect of Income diversity on Profitability of banking industry using panel econometric method) EGLS .(For this purpose, 8 accepted banks in the Tehran Stock Exchange were evaluated as a research statistical population during 2005-2015. The results show that an increase in the share of Non-interest income in the time of banking crisis has a significant negative effect on return on equity. However, there is a significant positive relationship between the ratio of lending facilities to bank assets and return on equity during times of banking crisis. This means that in times of banking crisis, generating interest income is more efficient for the banks than diversifying their activities and investments. The results also suggest that variables of capital adequacy and efficiency in times of banking crisis have significant positive effect on return on equity, but on the other hand, the degree of bank concentration (Lerner) in times of banking crisis has significant negative effect on return on equity. Manuscript profile -
Open Access Article
15 - Comparative studies of three types of products (remanufacturing, refurbished and new products) on warranty cost and profitability
Jafar RaamBejandi Mahsa SoltaniNeshan Ayyub Ansarinejad Somayeh TaghipourVagargah -
Open Access Article
16 - Intellectual Capital and its Association with Financial Performance: A Study of Indian Textile Sector
R. Deep K. Pal Narwal -
Open Access Article
17 - An Investigation of the Association between Working Capital Management and Corporate Performance
Vahid Taghizadeh Khanqah Mohsen Akbari Khosroshahi Mohammad Reza Ebrati -
Open Access Article
18 - Perception of Students on Business Social Responsibility (BSR) with Regards to Profitability, Long Term and Short Term Success of Firms in Nigerian (SEM Approach)
A. H. Goron Dutse H. Hilman -
Open Access Article
19 - Emotional marketing, dynamic capabilities and organizational profitability
Mojtaba Poursalimi anoosh omidiOrganizational profitability in competitive markets is one of the important paradigms in organizational and performance issues that has been widely studied. Organizations that have a good understanding of this topic will be better performing and more profitable. Therefo MoreOrganizational profitability in competitive markets is one of the important paradigms in organizational and performance issues that has been widely studied. Organizations that have a good understanding of this topic will be better performing and more profitable. Therefore, the present study aims to explain the relationship between capabilities Dynamic, Emotional Marketing, Brand Loyalty and Organizational Profitability. In this regard, the required data were collected using the standard questionnaire of the target population of the research (Active Representatives of Pasargad Insurance, Khorasan Razavi, whose number is 261 and based on the table). Morgan the A sample of 152 individuals was selected (collected). The conceptual design of the research was evaluated using structural equation modeling using PLS software and path analysis method. The results showed that emotional marketing through brand loyalty had a positive effect on organizational profitability. Also, the results indicated that the dynamic capabilities of the organization also had a positive impact on organizational profitability. Manuscript profile -
Open Access Article
20 - Assessment of the Effects of Advertising on Increasing Sales and a Mathematical Model for Determination of this Impact on Profitability
A. A. Farhangi A. Ekhlasi P. TolueiAdvertising has a significant impact on raising customer awareness. It is a tool by which customers become acquainted with companies` new and innovative products and services. Despite the importance of this tool in increasing sales, it is not easy to eval MoreAdvertising has a significant impact on raising customer awareness. It is a tool by which customers become acquainted with companies` new and innovative products and services. Despite the importance of this tool in increasing sales, it is not easy to evaluate its effect on sales. One problem confronted by marketing managers is determination of a clear relationship between the effectiveness of advertising and profitability. In this article, considering the relationship between these tools and brand equity, we have attempted to determine the effectiveness of these two factors on profitability. Also, different models for representing the effects of marketing communication tools on company profitability are offered. Finally, using data from a corporation and the numeric values related to each of the elements in the model, we attempt to determine a number representing the magnitude of the effect of advertising and sales promotion on the corporation's revenue. Manuscript profile -
Open Access Article
21 - Assessment of the Effects of Advertising on Increasing Sales and a Mathematical Model for Determination of this Impact on Profitabilit
A. A. Farhangi A. Ekhlasi P. TolueiAdvertising has a significant impact on raising customer awareness. It is a tool by which customers become acquainted with companies` new and innovative products and services. Despite the importance of this tool in increasing sales, it is not easy to eval MoreAdvertising has a significant impact on raising customer awareness. It is a tool by which customers become acquainted with companies` new and innovative products and services. Despite the importance of this tool in increasing sales, it is not easy to evaluate its effect on sales. One problem confronted by marketing managers is determination of a clear relationship between the effectiveness of advertising and profitability. In this article, considering the relationship between these tools and brand equity, we have attempted to determine the effectiveness of these two factors on profitability. Also, different models for representing the effects of marketing communication tools on company profitability are offered. Finally, using data from a corporation and the numeric values related to each of the elements in the model, we attempt to determine a number representing the magnitude of the effect of advertising and sales promotion on the corporation's revenue. Manuscript profile -
Open Access Article
22 - Effective Factors on Relation Between Smoothing of Gain and Companies' Profitability
Hossein Etemadi Mohammad Ali Javadi MazdehMost managers are not familiar with smoothing benefits as theoretical subject; and perhaps they using controlling economic and commercial activities try to increase or decrease profits in order to create positive results without the knowledge of the possible negative re MoreMost managers are not familiar with smoothing benefits as theoretical subject; and perhaps they using controlling economic and commercial activities try to increase or decrease profits in order to create positive results without the knowledge of the possible negative results. There are many advantages of incoming smoothing, in addition Researchers considers many factors that cause effect on smoothing behavior. This article is intended to identify and distinguish smoothing and non-smoothing companies among companies which are currently listed in Tehran Securities Exchange from 1999 until 2009, and also plans to determine effective factors on smoothing behavior. The Results show that there is a positive relationship between profitability rate and the possibility of smoothing and No relationship between smoothing behavior and other independent variables does not exist Manuscript profile -
Open Access Article
23 - Appraising Accrued & Real-Based earning management to achieve industry Average Profitability
Shima hoseinzadeh Azita JahanshadIn 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 MoreIn 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 -
Open Access Article
24 - Design and Evaluation of Green Behaviors Model and Financial Performance in Yazd City Hotels
Zahra Hoseini zadeh harat Mahmoud moeinadin Forough HeiraniConsidering the importance of green hospitality in the tourism industry perspective, hoteliers need to ensure that the formulation and implementation of environmental strategies, while legitimizing their business activities in the Society, also improves financial MoreConsidering the importance of green hospitality in the tourism industry perspective, hoteliers need to ensure that the formulation and implementation of environmental strategies, while legitimizing their business activities in the Society, also improves financial performance and profitability. In this study, is tried to identify, structure and model using the qualitative approach and Granded theory components and elements of green behaviors and financial performance of hotels and the relationship between them And in the quantitative section, the paradigm model is tested using Structural Equation Modeling. Based on this, 485 initial codes have been Extracted by conducting in-depth and semi-structured interviews with experts in the hotel industry and the university And according to the open, central and selective coding instructions, the data are modeled in the form of 15 sub-categories and 6 main categories And the requirements related to the validity and reliability of qualitative research have been reviewed and approved. In Quantitative section, information has been collected by designing a questionnaire and reviewing and approving the Formal validity, content, structure and reliability of Cronbach's alpha And analyzed using spss24 and lisrel8.8 software. The results showed a positive and significant relationship between environmental context variables (causal) and dimensions of green behaviors (Axial phenomenon); Also, the three components of dimensions of green behaviors, intra-organizational factors (interfering) and relative stability (contextual) with green capabilities (action and reaction) and finally green capabilities have a positive and significant relationship with financial performance. Manuscript profile -
Open Access Article
25 - The Impact of the level of earning management and audit fees an evidence from ISE
فاطمه داروغه حضرتی زهرا پهلوانAudit fees is one of the interesting issues of researchers. Different factors caneffect on audit fees, such as earnings management and board independence. Thefundamental question of this research is, whether there is a relation between earningsmanagement, board independ MoreAudit fees is one of the interesting issues of researchers. Different factors caneffect on audit fees, such as earnings management and board independence. Thefundamental question of this research is, whether there is a relation between earningsmanagement, board independence and audit fees concerning the level of firmprofitability? To this end, the required data were gathered from 57 firms whichaccepted in Tehran Stock Exchange (TSE) from 1382 to 1388. The statistical teqniqueused for examining the hypotheses were multiple regression, one-way ANOVAanalysis. 3 hypotheses were developed to investigate the relation between the level offirm profitability on the relation of earnings management and board independencewith audit fees and comparability of the audit fees in different firms with regard to thelevel of profitability. The results suggest, firms that have higher ratio of outsidedirectors pay lower audit fees. The results also indicate that the higher level ofprofitability, the higher the audit fees. Manuscript profile -
Open Access Article
26 - The examination of effect of earnings persistence and profitability on disclosure level of Corporate Social Responsibility listed in Stock Exchange in Tehran
Pedram Imani Zohreh Hajiha Zahra AmirhosseyniCorporate Social Responsibility (CRS) is sensitive and significant issue in recent years and consider as a major factor in the survival of any organization. The aim of this study is to investigate the relationship the Earning Quality, Profitability and Disclosure Social MoreCorporate Social Responsibility (CRS) is sensitive and significant issue in recent years and consider as a major factor in the survival of any organization. The aim of this study is to investigate the relationship the Earning Quality, Profitability and Disclosure Social Responsibility in listed companies in the Tehran Stock Exchange. To measure earnings qualities, Profitability and Corporate responsibility have been used an American Institute standard known as K.L.M which ranks organizations based on social and environmental standards every year. The study population includes all companies listed on the Stock Exchange in Tehran that after studying and investigating among them have been selected and chosen 100 companies. Sampling done based on Systematic elimination and for all estimates have been used EViews8 software. This study is, Practical Research and has Deductive-inductive approach and Solidarity belongs to regression analysis. Disclosure Social Responsibility consider as a bridge between business units and stakeholders. Hypothesis test results indicate a positive and significant relation of Earning Quality and profitability of companies with Disclosure Social Responsibility. Manuscript profile -
Open Access Article
27 - Measuring efficiency score by cross-efficiency method in data envelopment analysis and its relation to profitability and risk in banks admitted to Tehran stock exchange
Donya Shikh-hasani Malihe Alifarri Balal KarimiThe main purpose of this study is to measure the efficiency score by the cross-efficiency method in Data Envelopment Analysis (DEA) and its relation to profitability and risk in banks listed in the Tehran stock exchange for the period 2011-2017. The statistical populati MoreThe main purpose of this study is to measure the efficiency score by the cross-efficiency method in Data Envelopment Analysis (DEA) and its relation to profitability and risk in banks listed in the Tehran stock exchange for the period 2011-2017. The statistical population of the study consists of 19 banks listed in Tehran stock exchange. The proposed method is developed in two steps as follows. First, we evaluate the efficiency measures of banks using the cross-efficiency method in DEA. Then, we address the relationship between obtained efficiency scores with risk and profitability of banks through inferential statistics. In order to analyze the data, first, we apply pre-tests of variance homogeneity, F-Layer test, Hausman test, and Jarque and Bera test and then we use multivariate regression test to confirm or reject the research hypotheses.The following three conclusions emerge from the obtained results. First, we have a significant relationship between the credit risk and the efficiency measure of the banks listed in Tehran stock exchange. Second, there is a significant relationship between liquidity risk and the performance of the banks listed in the Tehran stock exchange. Finally, we show that between the profitability and the efficiency score of the banks listed in the Tehran Stock Exchange is also a significant relationship. Manuscript profile -
Open Access Article
28 - Dynamic modeling of Sustainable supply chain from the financial perspective: system dynamics approach
fatemeh aminnaseri sina kherdyar hamzehamin tahmasbi Ebrahim ChiraniToday, one of the most important management issues of organizations is the management of their supply chain financial flows, which plays a significant role in the growth of the organization. This issue has necessitated the necessity of paying attention to the sustainabl MoreToday, one of the most important management issues of organizations is the management of their supply chain financial flows, which plays a significant role in the growth of the organization. This issue has necessitated the necessity of paying attention to the sustainable supply chain management system from the financial perspective. The purpose of this study is to design a model for the relationship between the variables affecting the sustainable supply chain system from the financial perspectives and using the system's dynamics. In this research, after identifying the effective variables on the chain, a model was developed to show the dynamics of these variables using the system dynamics method. Validation of the model was carried out using evaluation tests and vsnym software at Pegah Tehran Company as a case study. In the following, scenarios for different modes of the proposed model variables were designed and implemented. The research results show that the designed model increases the supply chain sustainability based on financial factors, which ultimately affects the profitability of the chain. Manuscript profile -
Open Access Article
29 - Evaluation and ranking of factors affecting the profitability of pharmaceutical companies listed on the Tehran Stock Exchange using a hybrid model of fuzzy hierarchical analysis process
Ramin Pourabdolahian tehrani Ghodratallah Talebnia Jahanbakhsh asadniaProfitability and liquidity is one of the important indicators in evaluating the financial performance of companies, which is the end result of all financial plans and decisions of the company. Also, considering the importance of industries such as the pharmaceutical in MoreProfitability and liquidity is one of the important indicators in evaluating the financial performance of companies, which is the end result of all financial plans and decisions of the company. Also, considering the importance of industries such as the pharmaceutical industry that affect the economies of developing countries and the health of society, their financial performance is doubly important. Therefore, the purpose of this study is to evaluate and rank the factors affecting the profitability of pharmaceutical companies using a combined model of fuzzy and Victor hierarchical analysis process. To investigate the issue, based on multivariate regression, data of 18 pharmaceutical companies listed on the Tehran Stock Exchange during the years 1393 to 1398 were collected from Rahavard Novin software, financial statements and the official website of the Tehran Stock Exchange and to test research hypotheses using the analysis process method. Fuzzy hierarchies were weighted and then ranked using the combined model of fuzzy and hierarchical hierarchical analysis process with the help of Super Design version 2 macros. Findings showed that the ratio of profitability and growth of pharmaceutical companies, respectively; The highest importance and liquidity ratio criteria are the least important among pharmaceutical companies. Also, in order to evaluate the overall performance of the companies, the combined hierarchical fuzzy and Victor method was used, in which Alborzdaro, Zahravi and Daroo pharmaceutical companies were ranked first to third, respectively, while Kimidaro and Farabi was at the bottom of the rankings in terms of performance Manuscript profile -
Open Access Article
30 - Investigation Of The Relationship Between Corporate Governance And Profitability Indexes Of Investment In Iranian Commercial Banks.
mohamad ebrahim mohamadpur zarandi Mehrzad Minouie hamid tabaiezadeh fesharakiThis paper focuses on the corporate governance and profitability indexes of investment in iranian commercial banks. In this paper we discuss the state of corporate governance in Iranian commercial banks and try to find a link between corporate governance mechanisms and MoreThis paper focuses on the corporate governance and profitability indexes of investment in iranian commercial banks. In this paper we discuss the state of corporate governance in Iranian commercial banks and try to find a link between corporate governance mechanisms and those indexes. We found that there are some relationships between auditing quality measures, characteristics of CEO and board of directors as measures of corporate governance mechanisms and asset quality measures, efficiency measures, profitability measures, liquidity measures and capital sufficiency as measures of profitability indexesof investment in Iranian commercial banks. We report that the finding can improve the governance roles and performance evaluation of Iranian commercial Banks. Manuscript profile -
Open Access Article
31 - Investigating the inverse U-shaped relationship between Working Capital Financing and Profitability with emphasis on the role of Firm Size and Financial Leverage using the GMM method
rahim mohammadi mohammadjavad shiekh mohammad seyrani maryam mardanehThe purpose of this study was to investigate the effect of firm size and financial leverage on the relationship between working capital financing and profitability in companies listed on the Tehran Stock Exchange using panel data during the period 2013-18, through the g MoreThe purpose of this study was to investigate the effect of firm size and financial leverage on the relationship between working capital financing and profitability in companies listed on the Tehran Stock Exchange using panel data during the period 2013-18, through the generalized torque method. (GMM). The variables of firm size and financial leverage are moderators whose effect on the relationship between working capital financing as an independent variable and profitability as a dependent variable is studied. The results of the study showed that there is an inverse U-shaped relationship between working capital financing and profitability. Also, the inverse U-shaped relationship between working capital financing and profitability is weaker in firms with small firms than in large firms. Also, the inverse U-shaped relationship between working capital financing and profitability in companies with high financial leverage is weaker than other companies. In other words, the relationship between profitability and financing through working capital is adjusted by the financial leverage and size, and this adjustment goes to a certain extent and is reversed from then on, which is the breaking point. The relation series is U-shaped. Manuscript profile -
Open Access Article
32 - Explain the Effects of Loan Losses and Deposit Costs on the Growth of Bank Profitability
zahra Rahmani Mohammad Ebrahim Mohammad Pourzarandi Muhammad Ali KaramatiThe 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 MoreThe 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 -
Open Access Article
33 - Stock Return And Modigliani–Miller Valuating: Revisiting the Fama and French
Sima Ashouri Mohammadreza RostamiIn the present study,we examined the effect of the expected investment, expected profitability and the book to market ratio on the market expected returns. Fama-French model(2006) was used To calculate the Expected profitability and the expected investment. expected re MoreIn the present study,we examined the effect of the expected investment, expected profitability and the book to market ratio on the market expected returns. Fama-French model(2006) was used To calculate the Expected profitability and the expected investment. expected return, market value and book to market ratio was calculated by conventional methods. with the aim of increasing comparability, the two growth variable number of shares and equity book value growth also has been used separately. study was conducted in two stages regression so that the first stage regressions to estimate the expected investment and profitability expected and second stage regressions also is used to examine the relationships between variables. The results show that there is a significant positive relationship between the expected return and the expected profitability and book to market ratio. The relationship between the expected return and the expected investment is significant negative. The results confirmed all the hypotheses. Manuscript profile -
Open Access Article
34 - Performance Evaluation of risk premium measurement models: q-theory asset pricing model against three factor model of fama and french
Gholamreza kordestani Mozhde GhasemiFinancial 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 MoreFinancial 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 -
Open Access Article
35 - The impact of family ownership on capital structure on accepted company in TSE(based on agency theory)
Hossein Fakhari Elham FasiheRalationship between the type of ownership and capital structure is such a controversial issue in financial affairs and accounting. also pervasiveness of family ownership in new tangled economies in recent years makes surveys necessary in this respect.accord MoreRalationship between the type of ownership and capital structure is such a controversial issue in financial affairs and accounting. also pervasiveness of family ownership in new tangled economies in recent years makes surveys necessary in this respect.accordingly,this study intends to initially the effects of family owner ship on capital structure of companies accepted in Tehran exchang(based on agency theory). Then factors in fluencing this relation ship is examined.in order to meet the above questions the related data of 22 companies accepted in Tehran exchang over the years 1387-1391 was collected and studied by mixed analysis. Research findings shows that domestic owner ship has positive and meaning ful effect on the accepted firms capital structure inTehran stock Exchange. Also growth and profitability has positivee and meaning ful coordination effect on the relationship between familyownership and capital structure Iran capital market. Manuscript profile -
Open Access Article
36 - The Impact of Agency Costs on Predicting Profitability
M. B. Mohhamadzadeh MoghadamToday'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 MoreToday'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 -
Open Access Article
37 - Study of Iran's social-Islamic banking with an emphasis on the sociology of money
کرامت الله راسخ mohammad reza Yazdanpanah مجیدرضا کریمیTo determine the sociology of money, it is better to study the works in two basic dimensions. The first dimension of the structural views (micro and macro) related to the pattern of roles and relationships of subjects, in the micro sector, money is exchanged between peo MoreTo determine the sociology of money, it is better to study the works in two basic dimensions. The first dimension of the structural views (micro and macro) related to the pattern of roles and relationships of subjects, in the micro sector, money is exchanged between people like an object, and in the macro sector, according to the policy and legal mechanisms governing the trade of the market. In the micro part, it is the beliefs and behaviors of people in relation to money, and in the macro part, it includes the civic values of society and religion. Islamic banking is implemented according to Sharia or Islamic laws, and its aim is to achieve social development through moral investment. The present study attempted to investigate the extent to wich the banking system in Iran was consistent with the principles of Islamic-social banking. This current study belongs to quantitative research and survey type. To collect the required data, 91 heads and deputies of Sepah Bank and former Ansar Bank branches in Shiraz participated in this project. To analyze the data, such descriptive statistics as frequency distribution, graphs, etc, and the inferential test (one-sample t-test) were used. The results of one-sample t-test showed that the banking system of Iran was based on Islamic laws and affected social affairs and people. While it led to profitability, it did not care about environmental issues. Manuscript profile -
Open Access Article
38 - Study of Iran's social-Islamic banking with an emphasis on the sociology of money
Mohammadreza Yazdanpanah Keramatollah Rasekh Majidreza KarimiTo determine the sociology of money, it is better to study the works in two basic dimensions. The first dimension of the structural views (micro and macro) related to the pattern of roles and relationships of subjects, in the micro sector, money is exchanged between peo MoreTo determine the sociology of money, it is better to study the works in two basic dimensions. The first dimension of the structural views (micro and macro) related to the pattern of roles and relationships of subjects, in the micro sector, money is exchanged between people like an object, and in the macro sector, according to the policy and legal mechanisms governing the trade of the market. In the micro part, it is the beliefs and behaviors of people in relation to money, and in the macro part, it includes the civic values of society and religion. Islamic banking is implemented according to Sharia or Islamic laws, and its aim is to achieve social development through moral investment. The present study attempted to investigate the extent to wich the banking system in Iran was consistent with the principles of Islamic-social banking. This current study belongs to quantitative research and survey type. To collect the required data, 91 heads and deputies of Sepah Bank and former Ansar Bank branches in Shiraz participated in this project. To analyze the data, such descriptive statistics as frequency distribution, graphs, etc, and the inferential test (one-sample t-test) were used. The results of one-sample t-test showed that the banking system of Iran was based on Islamic laws and affected social affairs and people. While it led to profitability, it did not care about environmental issues. Manuscript profile -
Open Access Article
39 - The Effect of Corporate Governance, Profitability, and Firm Size on Firm Value with the Intervention of Intellectual Capital
Abdolrasoul Rahmanian Koushkaki Arash BadyabPurpose: The purpose of the present study is to present some evidence about the impact of corporate governance, profitability, and firm size on firm value and also determine the intervening role of intellectual capital in this relationship. Methods: To substantiate the MorePurpose: The purpose of the present study is to present some evidence about the impact of corporate governance, profitability, and firm size on firm value and also determine the intervening role of intellectual capital in this relationship. Methods: To substantiate the research objectives, Tobin’s Q index was used to measure firm value. Also, some other indices such as the size and independence of board of directors as well as the presence of women among them were used as variables of corporate governance. Indices of return on asset, return on equity, and return on sales were used as profitability variables. Firm size variable was also included in the model by the natural logarithm of all assets, sales, and market value. Finally, the efficiency of intellectual, structural, and human capital was used as variables for intellectual capital. By structural equation modeling, the research hypotheses were tested through a sample consisting of 142 companies accepted in Tehran Stock Exchange from 2012 to 2020.Findings: The obtained results indicate that corporate governance had no significant impact on intellectual capital and firm value. Moreover, the effect of profitability on intellectual capital and firm value was confirmed. Firm size also had a significant impact on firm value but its effect on intellectual capital was not confirmed. Finally, the results showed that the intervention of intellectual capital is not acceptable in the impact of corporate governance, profitability, and firm size on firm value.Conclusion: Firm size is a reflection of corporate total assets. It is effective on investors’ expectation of corporate dividends and as a result of increase in demand, the corporations will be able to increase the price of their shares in the market. In corporations under study in this research, physical assets and capital have a basic role to determine firm value and therefore, intellectual capital has been neglected. Suitable corporate governance can facilitate attraction of intellectual capital and since it is a source of knowledge in terms of invisible assets, it can improve firm value, too. Yet, it has a relatively less significant importance compared to physical capital to determine firm size and value. Manuscript profile -
Open Access Article
40 - Application of the two-stage DEA model for evaluating the efficiency and investigating the relationship between managerial ability and firm performance
Mohammad Reza Ravanshad Ali Amiri Hojjatallah Salari Davood Khodadadi -
Open Access Article
41 - Evaluation the profitability of dynamic investment projects by using ordered fuzzy numbers
jamil Jalilian Reza Ehtesham Rasi Mirfeiz Fallah Shams -
Open Access Article
42 - Presenting a Conceptual Framework to Increase the Return and Reduce Risk (A case study: customers of Mellat Bank of Arak)
Mohammad Moradi Mohammad Sadegh Horri iraj Nouri -
Open Access Article
43 - Efficiency Analysis of Banking Sector in Presence of Undesirable Factors Using Data Envelopment Analysis
Fatemeh Bozorgi Gerdvisheh Mansour Soufi Alireza Amirteimoori Mahdi Homayounfar -
Open Access Article
44 - Effect of Profitability Indices on the Capital Structure of Listed Companies in Tehran Stock Exchange
Hossien Karbasi Yazdi Majid Mohammadian -
Open Access Article
45 - Investigating the Effect of Profitability and Operating Cash Flow on Trademarks Value
Allah karam Salehi Fazel Tamoradi -
Open Access Article
46 - The Relationship between Diversification Strategy, Capital Structure and Profitability in Companies Listed in the Stock Exchange by Combining the Data Line and VAR Methods
Seyedeh-Mahsa Mousavi Hanjani Seyed-Javad Iranban -
Open Access Article
47 - A Model to Predict the Profitability of Pharmaceutical Companies Using Artificial Neural Network
Ali Habibi Ghaffar TariThe aim of this paper is to develop a model to predict the profitability of pharmaceutical companies using the artificial neural network. The research method was descriptive-modeling and statistical population included all active pharmaceutical companies of the Stock Ex MoreThe aim of this paper is to develop a model to predict the profitability of pharmaceutical companies using the artificial neural network. The research method was descriptive-modeling and statistical population included all active pharmaceutical companies of the Stock Exchange including 21 companies. Due to the limited population, no sampling was performed and the whole community was surveyed. The documents of pharmaceutical companies were used to data collection and artificial neural networks were used for data analysis. The results showed that the best model to predict the profitability of pharmaceutical companies is obtained by considering the variables of working capital to total assets, cumulative profit (loss) to total assets, earnings before interest and taxes to total assets, the market value of equity to the book value of debts, sales to total assets and liquidity. Manuscript profile -
Open Access Article
48 - Identifying possible and superior marketing strategies of Arad Rastin Adib Dana Company and testing the effectiveness of superior strategies on its profitability based on the Quantitative Strategic Planning Matrix (QSPM) approach
Mohammad Hossein Aghaeipour Noei somayeh shokravi Reza KhoshsimaThe purpose of this research is to identify possible and superior marketing strategies of Arad Rastin Adib Dana Company and to test the effect of superior strategies on its profitability based on the Quantitative Strategic Planning Matrix (QSPM) approach. For this purpo MoreThe purpose of this research is to identify possible and superior marketing strategies of Arad Rastin Adib Dana Company and to test the effect of superior strategies on its profitability based on the Quantitative Strategic Planning Matrix (QSPM) approach. For this purpose, the SWOT matrix of internal and external factors related to the process of formulating marketing strategies of Arad Rastin Adib Dana Company was prepared. Based on the obtained scores, it was determined that the strengths of this company have gained more total scores than the weaknesses. Also, the evaluation of the matrix of external factors showed that the total scores of the factors related to the opportunities of Arad Rastin Adib Dana Company were higher than the total scores of its threats. Finally, based on the matrix of internal and external factors, the superior marketing strategies of Arad Rastin Adib Dana company with an aggressive nature and the growth and development of sales activity for this company have been identified and based on Walker et al.'s model (2003) in the form of 4 types of market penetration strategies, Market development, product development and diversification were arranged and suggested. The results of the analysis of the QSPM approach confirmed and emphasized the use of internal capacities for internal development instead of the integration strategy (competitor purchase). In the second part of this research, the results of the hypothesis test also showed that the strategies resulting from the SWOT analysis and the QSPM approach have a significant effect on the profitability of Arad Rastin Adib Dana Company. Manuscript profile -
Open Access Article
49 - The Effect of Exchange Rate Volatility on Marketing and Profitability of Companies Agricultural
Nasrollah Maghsoudi -
Open Access Article
50 - Investigating the effect of fluctuations of economic variables affecting the profitability of IranKhodro Manufacturing Company
Siavash Saleh Ziabari Akbar Bagheri Somayeh Shokravi -
Open Access Article
51 - The relationship between the five major factors of the CEO's character and the financial variables
ali taghavi moghaddam abolghasem masehabadi mohamadreza shorvarzi alireza mehrazinOne foundation of corporate success is to have qualified and efficient managers.. Managers’ qualification depends on their behaviors, personality traits, and views rather than on their knowledge and skills. The present research is in the field of applied research MoreOne foundation of corporate success is to have qualified and efficient managers.. Managers’ qualification depends on their behaviors, personality traits, and views rather than on their knowledge and skills. The present research is in the field of applied research and correlation type. The statistical population of this study is all companies accepted in Tehran Stock Exchange in 2015. A systematic elimination method was used to determine the statistical sample and for the selected companies the questionnaire was sent and 52 companies that responded in the statistical sample of this research were placed. Research hypotheses have been obtained by means of structural equation model with partial least squares test (PLS) method. In order to assess personality traits of CEOs, five - element of NEO was used and financial leverage and profitability variable were selected to conduct the study. The results of this study revealed that there was a positive and significant correlation between personality traits of CEOs and financial leverage, and profitability. Among the personality traits, there is a positive and meaningful relationship between the CEO's extraversion with financial leverage and profitableness and there is a negative and significant relationship between the CEO's Conscientiousness and financial leverage. Also, there is a negative and significant relationship between agreeableness and profitability of positive relationship Openness with profitability. Manuscript profile -
Open Access Article
52 - The Relationship Between Financial Capabilities on bankruptcy risk companies Listed in Tehran Stock Exchange
Asgar Pakmaram Diba RaeisiThe 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 MoreThe 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 -
Open Access Article
53 - Investigate the Relationship between R&D Costs and Profitability of Companies in Kerman Province Superior Companies
Mehdi Amirzadeh Ahmad Jafarnezhad Alireza Jashireh NezhadIn new developed world, the effect of critical parameter on companies improving has considered properly. one of important subject in companies owner view's is R&D cost. in current critical situation of country and our economic life considering to priorities of econo MoreIn new developed world, the effect of critical parameter on companies improving has considered properly. one of important subject in companies owner view's is R&D cost. in current critical situation of country and our economic life considering to priorities of economical unit’s is very Necessary. According to this subject we are see in the improved countries R&d is one of most important subject’s that has intentioned .unfortunately in our country this subject has Not considered properly and many industries didn't enter in this important Category as much as need. According to primary view we can guess that the relation between parameter of this paper is exist .however doing the scientific action by Governance organization as trade, mine and industry organization and declaring result to the industrial units can be the better way to maturate the industries owner. in this paper the kerman province Superior companies evaluation based on information from,2014 based on 2013 data's .the relation between R&D cost and primer profit has evaluated. Hypothesis test showed the Meaningful relation between R&D cost and companies profitability. Manuscript profile -
Open Access Article
54 - Impact of Strategic Planning on Profitability of Mashhad Food Industry Companies
Parisa Alizadeh Hossein MohammadiAchieving company to desired goals significantly depends on strategic planning of the company. Strategic planning provides a framework for managing future vision. On the other hand, there is a strong correlation between strategic planning and the marginal product of the MoreAchieving company to desired goals significantly depends on strategic planning of the company. Strategic planning provides a framework for managing future vision. On the other hand, there is a strong correlation between strategic planning and the marginal product of the company. Due to the importance of food industry in employment, value added and investment, it seems necessary to review the profitability and factors affecting the existence of strategic planning managers to achieve the goals of this industry. In this study, first, the factors affecting the existence of strategic planning were analyzed using a Probit model and propensity score matching approach. Then, the effect of strategic planning on profitability has been evaluated by estimating average treatment on the treated group. Required data were collected through interviews with 33 marketing managers of Mashhad food industry. A simple random sampling method was used to select the sample size. The results of the Probit model showed that attitude to staff reception, attitude to team participation and job stability of managers have a positive and significant effect on the probability of strategic planning. After matching, the difference in the mean between treatment and control groups was decreased for attitude to staff reception, attitude to team participation, job stability of managers and knowledge of managers about the importance of strategic planning. The results of estimating average treatment on treated group showed that the profitability among the treated group units was 2.5 times greater than those in the control group. Manuscript profile -
Open Access Article
55 - Pattern of customer relationship management strategies in customer journey with a mixed approach(Case Study: Hypermia Chain Stores)
Fatemeh karimvand Neda Soleymani mahmood ElmiToday's organizations need a good understanding of customers and their needs in order to succeed in business. Customer relationship management is an effective tool to obtain, maintain and increase customer satisfaction, as a result of which its implementation will incre MoreToday's organizations need a good understanding of customers and their needs in order to succeed in business. Customer relationship management is an effective tool to obtain, maintain and increase customer satisfaction, as a result of which its implementation will increase customer loyalty to the organization. Stores are organizations that, by the nature of their work, are in great need of customer relationship management processes. In this study, by presenting the optimal model of customer relationship management in hyperemia chain stores with the approach of improving financial status and profitability, the basic and key components have been identified and based on the importance and performance of various CMR components, the optimal program of customer relationship management system has been determined. Is . The results showed that the most important criteria are: 1- Customer orientation 2- Loyalty 3- Needs recognition 4- Mutual understanding 5- Flexibility. The components that achieved the highest score in the indicators are: 1- Providing fast customer service 2- Understanding the needs of key customers through the continuous learning process 3- Existence of accurate customer feedback system and acting on it 4- Flexibility of management and staff for Providing new services 5- Senior managers pay attention to customer relationship management as an essential principle 6- Trying to attract customer loyalty in various ways. Manuscript profile -
Open Access Article
56 - Analysis of Challenges and Opportunities for Foreign Investment in East Azerbaijan Province Based on Social Capital Variable from the Perspective of Economic Sociology
Karim Yazdani Hojagan Hosein Dehgan Talieh KhademiyanThis study aims to investigate the opportunities and challenges of foreign investment in East Azerbaijan province with emphasis on the two business districts of Tabriz and Jolfa. The research method was survey and a questionnaire was used to collect data. The statistica MoreThis study aims to investigate the opportunities and challenges of foreign investment in East Azerbaijan province with emphasis on the two business districts of Tabriz and Jolfa. The research method was survey and a questionnaire was used to collect data. The statistical population was managers of foreign investments and foreign investors in the cities of Tabriz and Jolfa. The sample size was determined using Cochran's formula and 429 people were selected by stratified sampling method. According to the findings, the identified challenges of foreign investment in Tabriz and Jolfa regions included administrative bureaucracy, lack of optimal executive plans, inconsistencies in executive plans, lack of consensus and empathy between officials and lengthy investment process. Foreign investment opportunities included greater profitability, lower production costs, better marketing, better access to workers, and the ability to compete more with the host country's products. Findings showed that there is a significant direct correlation between the variables of social capital with the three dimensions of participation, trust and social cohesion and foreign investment (r = 0.55). Also, the study of the effect of social capital on foreign investment showed that social capital has an effect of 0.46 on foreign investment. Conflict of interest: According to the authors, the article did not have any conflict of interest. Manuscript profile -
Open Access Article
57 - Relationship between Job Training Costs and the Profitability of Top companies in Kerman Province of Iran
Mehdi amirzadeh Ahmad Jafarnejad Hassan KhubyariToday job training is regarded as an important factor in improving the business environment. Performing the job training activities as well as selecting the proper subject of training courses could have mutual benefits for both employers and employees. In addition, due MoreToday job training is regarded as an important factor in improving the business environment. Performing the job training activities as well as selecting the proper subject of training courses could have mutual benefits for both employers and employees. In addition, due to the growth of competition among the companies, each organization needs to improve its competitive capabilities. For improving the competitive capabilities of companies, many scholars try to introduce job training as one of the main parameters. Nevertheless, some companies do not have any job training programs for their employees because they believe that it will not affect their profit. Top companies in Kerman Province of Iran have similar issue that some of the mangers do not believe in the relationship between job training costs and their profitability. In addition, some of these companies do not have any R&D costs which may be one of the reasons that they do not invest on job training. Therefore, this research has two main objectives by focusing on the top companies in Kerman Province of Iran. First, the relationship between job training costs and the profitability of organizations is studied as the main objective. Then it is investigated if there is a significant difference in job training costs between companies that have R&D cost and the companies with no R&D cost. The results show that there is a meaningful relationship between the job training costs and the profitability of organizations. Moreover, the results show that the companies with zero costs on R&D have less investment on job training. Manuscript profile -
Open Access Article
58 - The Impact of Book Value to Market Value Ratio and the Firm Size on the Profitability of the Common Stock in the Active Firms of Sugar Industry Accepted in Tehran Stock Exchange
Freydon Rahnemaye roposhti Hashem Valipour Heydar Mohammadzadeh SalteInvestors drive their cash resources to participate in production only if they are assured that return on investment is high and also their investment risk is low .Thus, investors always look for certain tools for evaluating their stock in securities exchange .This inve MoreInvestors drive their cash resources to participate in production only if they are assured that return on investment is high and also their investment risk is low .Thus, investors always look for certain tools for evaluating their stock in securities exchange .This investigation introduces the relation between BE/ME, firm size and stock profitability in order to use them as tools of stock assessment if there is a relation. The Fama & French model has been used for accomplishing this paper. The research method in this paper is correlation method and the population is the active firms in sugar industry accepted in Tehran Stock Exchange during 1382-1384. The information was gathered through financial reports existing in Tehran exchange stock library, and the correlation test has been used for testing the hypotheses. The research results indicate that there isn’t a significant relation between the book value ratio to market value ratio, and the firm size with stock profitability in active firms in sugar industry accepted in Tehran Stock Exchange. Manuscript profile -
Open Access Article
59 - Investigating the Relationship Between Profitability Ratio, Capital Structure and the Rate of Stock Return
majid bagherzadeh khajeh Asghar FeyziThe 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 MoreThe 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 -
Open Access Article
60 - The effect components of corporate governance on the profitability of listed companies in the Tehran Stock Exchange
mohmmad sayrani fatemeh qasemnejadAbstractCorporate governance has two dimensions of operational dimension and supervisory dimension in any company, both of which can affect the company's performance. The purpose of this research was to investigate the effect of corporate governance components on the pr MoreAbstractCorporate governance has two dimensions of operational dimension and supervisory dimension in any company, both of which can affect the company's performance. The purpose of this research was to investigate the effect of corporate governance components on the profitability of companies listed on the Tehran Stock Exchange. The research period was 10 years from 2010 to 2019. Therefore, by selecting 151 companies as the research sample, the research question regarding the effect of the corporate governance components was examined by estimating the multivariable regression model and using the combined data model. The results showed that among the examined components, independence of audit committee, independence of board of directors, expertise of audit committee, gender diversity of board of directors, tenure of the CEO, expertise and competence of the internal audit unit and type of auditor had a positive effect on the profitability of the company. The duality of management duties in the board of directors had a negative effect on the profitability of the company. Also, the shares owned by institutional investors and the number of meetings of board of directors and the size of the internal audit unit did not have any effect on the profitability of the company. Manuscript profile -
Open Access Article
61 - Identifying and Determining Factors Affecting the Resilience of the Iranian Banking System
Azadeh Afshari Sara Ghobadi Hosein Sharifi RenaniAccording to the emphasis of the Ball Committee, the survival rate of any economy is proportional to the resilience rate of its banks, and, when economic crises occur, the resilience of banks is too important. Then the purpose of this research is to investigate the indi MoreAccording to the emphasis of the Ball Committee, the survival rate of any economy is proportional to the resilience rate of its banks, and, when economic crises occur, the resilience of banks is too important. Then the purpose of this research is to investigate the indicators of the development of the banking sector that can affect the resilience of the Iranian banking system. Therefore, with the help of previous research, some factors were identified and the data were collected for 30 banks and credit institutions during the years 2000 to 2020 in the form of unbalanced panels. After that, the level of resilience was calculated with the help of the Volare index, and the type of relationships was evaluated with the help of the dynamic data panel method. The results showed that among the 18 indicators investigated as factors affecting the resilience of the Iranian banking system, only 9 factors are nonlinearly related to resilience. Resilience variables of the previous period, banking efficiency, the ratio of Interest-Free Income to total income, and the ratio of low-cost resources to total resources, have a direct relationship with resilience, and the indicators of bank size, shareholders' equity to debt, the ratio of loans to free resources, the ratio of the cost of doubtful loans to total expenses and the level of risk tolerance, had an indirect relationship. Also, private or public banks had no significant relationship with resilience. In conclusion, the resilience process of Iranian banks from 2000 to 2020 was drawn. Manuscript profile -
Open Access Article
62 - The non-linear effect of liquidity and debt repayment on banks profitability in Iraq
Kiumars Shahbazi Mohammad Ali Mahdi AbedThis paper seeks to explore the nonlinear association between liquidity indicators and debt repayment capacity in relation to asset returns. For this purpose, the Panel Smooth Transition Regression (PSTR) method was employed to examine the nonlinear impact of liquidity MoreThis paper seeks to explore the nonlinear association between liquidity indicators and debt repayment capacity in relation to asset returns. For this purpose, the Panel Smooth Transition Regression (PSTR) method was employed to examine the nonlinear impact of liquidity indicators (including the ratios of current assets to total deposits, total loans granted to total deposits, and total loans granted to total assets and debt payment capacity indicators (such as the debt ratio and interest coverage ratio) on asset returns from 2011 to 2020. The findings revealed a nonlinear effect of all calculated indicators on asset returns. The magnitude and manner of the independent variables' influence on asset returns varied at different levels, with noticeable distinctions in the effect before and after the threshold value of 1.0586. In light of these results, bank policymakers can strategically select an optimal liquidity level to enhance bank profitability based on asset returns. Manuscript profile -
Open Access Article
63 - Non-Interest Income, Profitability and Risk in Banking Industry
Amir Ali Farhang Abolghasem Esna Ashari Asghar Abolhasani Mohammad Reza Ranjbar Fallah Jahangir BiabaniThe 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 MoreThe 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 -
Open Access Article
64 - The effect of managers' overconfidence on the possibility of financial crises
Ali Nematiabstract :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 Moreabstract :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 -
Open Access Article
65 - کمپلکس معدنی-سینبیوتیک جدید در جیرههای گاوهای شیرده برای بهبود تولید و ترکیب شیر
آ.اف. گورلوو آ.آی. بلیااِو م.آی. اسلوژنکینا ن.آی. مسولووا ای.ی. زلوبینا آ.وی. راندلین ای.ی. بُندارکووا ب.آ. شرستیوکهدف از این مطالعه بررسی اثر بخشی کمپلکس آزمایشی جدید در جیرههای گاوهای شیرده بود. آزمایشات علمی و اقتصادی در شرایط یک مجموعه صنعتی بزرگ برای تولید شیر از گاوهای نژاد هلشتاین (روسیه) انجام شد. چهار گروه از گاوهای هلشتاین (شکم سوم)، در هر گروه 20 حیوان، برای انجام یک روش Moreهدف از این مطالعه بررسی اثر بخشی کمپلکس آزمایشی جدید در جیرههای گاوهای شیرده بود. آزمایشات علمی و اقتصادی در شرایط یک مجموعه صنعتی بزرگ برای تولید شیر از گاوهای نژاد هلشتاین (روسیه) انجام شد. چهار گروه از گاوهای هلشتاین (شکم سوم)، در هر گروه 20 حیوان، برای انجام یک روش تحقیق مشابه تشکیل شدند. گاوها در گروه کنترل با جیره پایه تغذیه شدند. گاوها در گروههای دیگر با کمپلکس آزمایشگاهی در دزهای متنوع تغذیه شدند. تمام شاخصها توسط روشهای شناخته شده گسترده تعیین شدهاند، از قبیل استخراج، الکتروفورز مویین، کروماتوگرافی، اتدازهگیری تیتر کمی، طیفسنجی جذب اتمی و دیگر روشها. برای سنتز شیر، ارگانیسمهای گاوها در گروههای آزمایشگاهی نیتروژن هضم شده بیشتری را به طور میانگین با 14.85 درصد صرف کردند؛ نیتروژن استخراج شده از بدن گاوها با اوره به طور میانگین کمتر بود با میانگین 4.13 درصد. افزایش در تولید شیر به طور متوسط 3.8 درصد بود. در مقایسه با گروه کنترل، گاوهای گروههای آزمایشی محتوای بیشتری از ماده خشک در شیر با میانگین 0.4 درصد؛ چربی با 0.17 درصد؛ و پروتئین با 0.1 درصد (شامل آلفا-لاکتوآلبومین با 8.31 درصد و بتا-لاکتوگلوبولین با 36.6 درصد). پروتئین شیر در گروههای آزمایشی حاوی اسیدهای آمینه ضروری بیشتری به طور میانگین با 9.83 درصد، و چربی شیر حاوی اسیدهای چرب غیر اشباع با 1.46 درصد بودند. شیر در گروههای آزمایشی برای یک محتوی بالای ویتامینها (به طور متوسط 16.3 درصد، در مقایسه با گروه کنترل) مورد توجه قرار گرفتند، در عمل B2 با 10.8 درصد، B9 با 28.6 درصد و D3 با 8/39 درصد. علاوه بر این، کسر وزنی عناصر کمیاب در شیر افزایشی یافت شد، به معنی دیگر، کلسیم با 17.3 درصد، ید با 36.4 درصد، پتاسیم با 20.6 درصد، منیزیم با 18.5 درصد، منگنز با 66.7 درصد، فسفر با 20.3 درصد و سیلیس با 54.2 درصد. افزایش در تولید شیر گاوها و محتوی چربی بالاتر در شیر امکان سود فروش 1 تن شیر را به طور متوسط 12 درصد و سطح سودآوری تولید را 6.5 درصد افزایش میدهد. مطالعه انجام شده با اطمینان اثبات کرده است که پرمیکس پیشنهاد شده دسترسی خوراک و قابلیت هضم را ارتقاء داده، قابلیت هضم خوراکها و مصرف مؤثر آنها را بهبود داده، هماتولوژی خون را بهبود داده، تولید شیر را افزایش داده و ترکیب شیر را بهبود داده، که منجر به افزایش در سودآوری تولید میشود. Manuscript profile -
Open Access Article
66 - Effects of Replacing Barley with Processed Corn on the Growth Performance, Microbial Protein Synthesis and Profitability of Fattening Lambs
F. Kazemi T. Ghoorchi B. Dastar F. Eshraghi -
Open Access Article
67 - پیشبینی تأثیر گروهبندی مجدد، تعداد دام و نحوه اختصاص کنستانتره در هر گروه بر سودمندی گاوهای شیرده
ا. درزی لمراسکی س.ه. ابراهیمیسودمندی روش گروه­بندی در یک گله گاوشیری با 153 رأس گاو دوشا که براساس میزان شیر روزانه به 3 گروه زیاد (79)، متوسط (40) و کم (34 رأس گاو) تولید تقسیم شده بودند شبیه­سازی شد. حیوانات براساس معیارهای شیر تصحیح شده 4 درصد چربی (FCM)، روزهای شیردهی (DIM)، شایستگی شیر Moreسودمندی روش گروه­بندی در یک گله گاوشیری با 153 رأس گاو دوشا که براساس میزان شیر روزانه به 3 گروه زیاد (79)، متوسط (40) و کم (34 رأس گاو) تولید تقسیم شده بودند شبیه­سازی شد. حیوانات براساس معیارهای شیر تصحیح شده 4 درصد چربی (FCM)، روزهای شیردهی (DIM)، شایستگی شیرواری (FCM/BW0.75)، و با استفاده از ابزار پشتیبانی، مجدداً به گروه­های جدید تقسیم شدند. چهار جیره کاملاً مخلوط (TMR) با دو نوع کنسانتره برای تغذیه سه گروه شبیه­سازی شده، درنظر گرفته شد به نحوی که گروه دو (حیوانات متوسط تولید) می­توانستند کنسانتره گروه یک یا کنسانتره گروه سه را مصرف کنند، هرچند گروه­های یک و سه همیشه کنسانتره خاص خودشان را داشتند. تعداد دامی که در گروه­های کم، متوسط و پرتولید قرار گرفته بودند متعاقب گروه­بندی تغییر یافت به نحوی که بیشترین گاو شیرده یا در گروه جدید متوسط تولید (معیارهای شیر تصحیح شده 4 درصد چربی و شایستگی شیرواری) قرار داشتند و یا در گروه کم تولید (روش روزهای شیردهی و خوشه­ای) قرار گرفته بودند. معیارهای گروه­بندی خوشه­ای و شایستگی شیرواری منجر به درآمد فراتر از هزینه خوراک بیشتر و حداکثر سودآوری در مقایسه با معیار شیر ثبت شده روزانه و دیگر معیارهای شبیه­سازی شده داشتند. در تمام معیارهای گروه­بندی، هنگامی که گروه دوم کنسانتره اختصاصی کم­تولیدها را مصرف کردند، میزان درآمد فراتر از هزینه خوراک نسبت به شرایطی که این گروه از کنسانتره پرتولیدها استفاده کردند بیشتر بود. به طور کلی، سودآوری و بهره­وری اقتصادی گله هنگامی که روش گروه­بندی بهتری استفاده شد افزایش یافت. علاوه بر این، روش گروه­بندی خوشه­ای شبیه­سازی شده، در انتخاب نوع کنسانتره برای گروه متوسط تولید (با تأثیر ناچیز بر درآمد فراتر از هزینه خوراک) آزادی عمل بیشتری ایجاد کرد. Manuscript profile -
Open Access Article
68 - اقتصاد تغذیه جیرههای پایهریزی شده بر اساس فضولات خشک شده در آفتاب طیور به قوچهای در حال رشد
آ.آ. بلواین مطالعه اقتصاد تغذیه فضولات خشک شده را به عنوان مکمل در تغذیه قوچ مورد بررسی قرار داد. روش تحلیل سود خالص و نسبت سود آوری برای آنالیز داده­های جمع­آوری شده استفاده شد. بر اساس نتیجه آنالیز بودجه­ای بالاترین هزینه کل، بالاترین درآمد کل، بالاترین سود خاص و Moreاین مطالعه اقتصاد تغذیه فضولات خشک شده را به عنوان مکمل در تغذیه قوچ مورد بررسی قرار داد. روش تحلیل سود خالص و نسبت سود آوری برای آنالیز داده­های جمع­آوری شده استفاده شد. بر اساس نتیجه آنالیز بودجه­ای بالاترین هزینه کل، بالاترین درآمد کل، بالاترین سود خاص و بالاترین درآمد خالص در مزرعه برای گروه­های تیماری مکمل­شده مشاهده شد. بهترین نسبت هزینه به سود (43/1)، نرخ بازگشت (43/0)، نسبت سود ناخالص (70/0) و نسبت ساختار هزینه (23/0) مشخص کرد که تغذیه فضولات خشک طیور به قوچ­ها یک عمل سودآور است. بنابراین و براساس نتایج این مطالعه مکمل کردن فضولات خشک طیور در سطح 20 درصدی در جیره قوچ برای سودآوری بهینه پیشنهاد می­شود. Manuscript profile -
Open Access Article
69 - Analysis of Processing Methods, Marketing Channels and Profitability Determinants of Selected Cassava Products in Kogi State, Nigeria.
Daniel Ekpa Segun Adeola Umar Mukhtar Mary Ekpa -
Open Access Article
70 - Comparative Analysis of Profitability of Cassava Production among Agricultural Development Programme (Adp) and Non-Adp Contact Cassava Farmers in Abia State, Nigeria
Kelechi Charles Osondu -
Open Access Article
71 - Resource Use Efficiency Andmisery of Sweet Potato Production Window into Financial Surplus for Households in Delta State, Nigeria
Theophilus Miebi Gbigbi -
Open Access Article
72 - Profitability Analysis and Constraints to Pepper (Capsicum Sp) Marketing in Ijumu Local Government Area, Kogi State, Nigeria
Ufedo Shaibu Felix Oyibo Stephen Ibitoye -
Open Access Article
73 - The Role of Training, Extension and Education Facilities on Production Efficiency of Rice Growers in Dinajpur District of Bangladesh
Md. Shajedur Rahaman Sadika Haque Md Abdur Sarkar Mou Sarker Md Abu Siddique -
Open Access Article
74 - Seasonality and Profitability: The Case of Smallholder Tomato Farmers in Thyolo District, Malawi
Daniel Matemba -
Open Access Article
75 - Profitability Assessment of Catfish Marketing In Ondo State, Nigeria
Oluwatoyin Olagunju -
Open Access Article
76 - Economic Effect of Social Media on Small Scale Poultry Farmers, Evidence from Nigeria
Abraham Falola Ridwan Mukaila Abisola Kudabo -
Open Access Article
77 - Profitability and problems of farmers in duck farming: a study on haor areas in Bangladesh
Shonia Sheheli Md. Nur Alom Sarkar Mithun Sourav Banik -
Open Access Article
78 - Economic Analysis of Maize Production in Ogori Magongo Local Government Area of Kogi State, Nigeria
A.B. Mohammed A.F. Ayanlere U. Ibrahim Muhammed Lawal -
Open Access Article
79 - اهمیت اقتصادی تولید قهوه (Coffee Arabica) در منطقه پاربات نپال
سوجا شارما چاندرا کنت داکال بینود گیمیر آنوجا ریجال Manuscript profile -
Open Access Article
80 - Examining the impact of customer satisfaction with after-sales service on corporate profitability
Shahriar Soltani Farzad Movahedi Sobhani Seyed Esmaeil Najafi -
Open Access Article
81 - Using of Dupont Analysis with Emphasis on Earnings Management and Performance Management in predicting profitability of the insurance industry
Seyed fakhreddin Fakhrhosseini Meysam KavianiOne of the goals of financial reporting is to provide useful information to facilitate decision making. Accounting information system is one of the sources of information provision for users to decide. The use of the Dupont analysis as a tool for measuring performance d MoreOne of the goals of financial reporting is to provide useful information to facilitate decision making. Accounting information system is one of the sources of information provision for users to decide. The use of the Dupont analysis as a tool for measuring performance dates back to the 1920s and its ability to use it to predict profitability is one of the interesting issues of financial management and investment. The present article seeks to answer the question of whether the components of the Dupont ratio, with emphasis on profit and performance management, can be used to predict operating profitability in the insurance industry. So, in order to investigate this, 14 insurance industry companies were selected as systematic sampling method. The data collected during a period of 6 years and between 2015 and 2020 are taken into account that the results of regression analysis show that the marginal changes in earnings at 99% confidence level have a significant effect on future profitability as well as performance management It can affect the profit margin through the margin of profit, and profit management (upward and downward) does not affect the profit margin on future profitability Manuscript profile -
Open Access Article
82 - بررسی روشهای تأمین مالی با رشد سود آوری شرکتهای صنایع داروئی در ایران
علی نعمتی مجتبی کریمی رویا وحیدی مولوی -
Open Access Article
83 - Developing a conceptual framework for the use of digital marketing in the capital market based on theories of planned behavior and technology acceptance Case study: stock brokerage companies in Tehran
Mostafa Hosseinzadeh Shadan Vahabzadeh Munshi Hamed Abbasi Nami Hormoz Mehrani Abolfazl ShahrabadiAbstractThis research aims to provide a conceptual framework to explain the implementation of digital marketing in the capital market for stock brokerage companies in Tehran and the factors affecting its formation. In this regard, a survey field study was conducted by d MoreAbstractThis research aims to provide a conceptual framework to explain the implementation of digital marketing in the capital market for stock brokerage companies in Tehran and the factors affecting its formation. In this regard, a survey field study was conducted by distributing questionnaires to a sample of 369 CEOs and vice presidents of brokerage companies. The questionnaire used included 9 dimensions and 38 items, which were distributed among the members of the statistical sample after ensuring reliability and validity.Partial least squares technique and SmartPLS software were used for data analysis. Based on the obtained results, perceived usefulness and perceived ease have a significant effect on the attitude towards digital marketing; Also, attitude, perceived risk, predictable regret, mental norms and behavioral control have a significant effect on the behavioral inclination towards digital marketing, and the latter has a positive and significant effect on the acceptance of digital marketing in the capital market The results of fitting showed that the model proposed in this research has good validity and fit. Manuscript profile -
Open Access Article
84 - The Impact of Credit Risk on the Banking System's Performance: (PANEL VAR Approach)
علی احمدی حسینعلی احمدی جشفقانی اصغر ابوالحسنی هستیانیIran'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 MoreIran'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 -
Open Access Article
85 - The Influence of working capital management on Profitability of Companies listed in Tehran Stock Exchange
امید فرمان آرا میثم عارف نژاد محبوبه جعفریAbstract 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 MoreAbstract 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 -
Open Access Article
86 - Prioritizing inefficient criteria of Bank Melli branches in Iran
ali taheri Mahdi ZahedGharavi Hamid AsayeshAbstractIn the field of efficiency and productivity of the banking system, various researches have been conducted and there are different models for investigating the inefficiency of banks. This variation in models is due to the nature of the concept of efficiency, espe MoreAbstractIn the field of efficiency and productivity of the banking system, various researches have been conducted and there are different models for investigating the inefficiency of banks. This variation in models is due to the nature of the concept of efficiency, especially its uncertain boundaries and because of the various conceptualizations of organizational efficiency. Some of the approaches to calculating inefficiency based on banks' objectives are: objective model, system model and inefficiency model. However, researches with a comprehensive view on the inefficiency of bank branches have not been found, in this research, all approaches have been used by experts in bank branches with education and experience. Because applying a single criterion is not suitable for bank branches and there is no single criterion that can provide all the activities of bank branches. Therefore, while identifying the criteria and indicators, they have been sipped with the opinion of banking experts. . This research, based on banking experts' opinions and analysis by fuzzy Delphi method and analytical hierarchy, concluded that the ratio of interest on deposits to the interest of branch payment facilities, assets of branches to income from facilities, deferred demands and past maturity to the total residue of branch facilities, ratio of funds ready to loan to total branch deposits, ratio of total undesirable claims to total branch facilities and liquidity ratio to total assets The branch shows the inefficiency of the branch in order And Melli Bank is looking for the same goals as conventional banks, which include profitability combined with reduced banking risks. Manuscript profile -
Open Access Article
87 - Investigating the effect of central bank intervention on the profitability of commercial banks in the country: a mild transfer regression approach
Azam Sadat Atyabi Alireza DagigiASL Gholamreza GaryenjadAbstract In the present study, in the first stage, the central bank's policy intervention index and foreign exchange market pressure were calculated, and then, using gentle transfer regression (STR), the effect of central bank intervention on the profitability of the c MoreAbstract In the present study, in the first stage, the central bank's policy intervention index and foreign exchange market pressure were calculated, and then, using gentle transfer regression (STR), the effect of central bank intervention on the profitability of the country's commercial banks was investigated. According to the model results; In 24 of the 30 years surveyed, the country's economy has faced increasing pressure from the foreign exchange market. In other words, between 1370 and 1399, the central bank's intervention activities eliminated an average of 24% of the foreign exchange market pressure. Also, the results of STR model estimation show the positive effect of economic growth rate variable on bank profitability and the negative effects of central bank intervention, stock return rate, credit risk, inflation rate and interest rate on the profitability of commercial banks. The negative coefficient of the central bank intervention index can indicate that the central bank, in the face of increasing positive deviations in the exchange rate, is pursuing a decline in the growth of its foreign reserves. In other words, with a further increase in the supply of foreign exchange in the market, its value decreases and the exchange rate return to its long-term path. On the other hand, if there is a negative deviation in the exchange rate of the central bank, by increasing the volume of foreign reserves and reducing the supply in the foreign exchange market, it can increase this rate and approach its long-term path, which is in line with existing theories. This is the context. Manuscript profile -
Open Access Article
88 - The Relationship Between Earnings Management and Future Profitability
Bahman Banimahd Hamed Kazemi Mohsen AbadiThis paper investigate relationship between earnings management and future profitability in listed companies in Tehran stock exchange during 2001 to 2007. Research method in this study is correlation .The results indicate that the earnings management is positively relat MoreThis paper investigate relationship between earnings management and future profitability in listed companies in Tehran stock exchange during 2001 to 2007. Research method in this study is correlation .The results indicate that the earnings management is positively related to the future firm profitability. There is a negative relation between future profitability and firm size and financial leverage in study sample. Our findings contribute to the literature on earnings management that form of the earnings management is income smoothing in Iran. This findings could be helped to user of the financial statements for analyzing of financial statement in a better manner. Meanwhile, research results confirm efficient perspective of the positive accounting theory on earnings management. Manuscript profile -
Open Access Article
89 - Explaining the Pattern of Measuring the Environmental Uncertainty and Its Effect on the Fluctuation of Companies' Financial Characteristics
sadegh yousefnezhad Farzaneh HeydarpoorAbstract 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 MoreAbstract 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 -
Open Access Article
90 - The Relevance between Accounting Variables and Stock Return Based on the Stock Returns Model of Zhang
Mohsen Dastgir Neda Taji Rahman SaediIn this research we investigate the relationship between the accounting variables and stock returns based on the equity value model of Zhang. The aim of the paper is to show that stock returns is a function of earning yield, equity capital investment, changes in profita MoreIn this research we investigate the relationship between the accounting variables and stock returns based on the equity value model of Zhang. The aim of the paper is to show that stock returns is a function of earning yield, equity capital investment, changes in profitability, growth opportunities and discount rates. Based on the literature review five hypotheses has been considered and analyzed by simple and multiple regression methods during 2001-2010 in Tehran Stock Exchange (TSE). Empirical results do not confirm the predicted roles of all identified factors. Only there is a direct relation between earning yield and stock returns also there is an inverse relation between changes in discount rates and stock returns. Manuscript profile -
Open Access Article
91 - Ranking of accounting and environmental factors affecting the profitability of commercial banks
Alireza Shahreza Khosro Faghani Makrani Naghi FazeliAbstract 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 MoreAbstract 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 -
Open Access Article
92 - The Relationship between Liquidity Ratios and Profitability and Repayment Ability of Debts
Zohreh Hajiha Fereshteh FeizabadiThe 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 MoreThe 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 -
Open Access Article
93 - The Investigation of Membership Effect in Business Group on the Firms’ Effective Tax Rate
Ahmad Khodami Pour Meysam amini nia Mohammad Hasan FadaviThe purpose of this study is Investigation of membership effect in business group on the firms’ effective tax rate. The study sample consisted 67 Firms listed in Tehran stock Exchange during the 1381 to 1389 and effective tax rate has been calculated by dividing t MoreThe purpose of this study is Investigation of membership effect in business group on the firms’ effective tax rate. The study sample consisted 67 Firms listed in Tehran stock Exchange during the 1381 to 1389 and effective tax rate has been calculated by dividing the tax expense on profit before tax. For testing the research hypothesizes have been used T-test and Ordinary Least Squares regression(OLS). The result shows that effective tax rate of the group member firms is significantly less than independent firms. Also there isn’t significant relationship between interaction of profitability and group with effective tax rate. In other words, there isn’t significantly difference between positive association profitability before tax and effective tax rate in business group member firms and independent firms. Manuscript profile -
Open Access Article
94 - The Differing Effects of firm Size and Industry on Firm Profitability
Mahnaz Mollanazari Yadollah Nourifard Shaghayagh Ghashghaei AbdiThe aim of this research is study about the different effects of firm size and Industry on firm profitability in Tehran Stock Exchange during 1385 to 1389. The natural logarithm of book value of assets is used as an indicator to measure firm size. Also, the type of indu MoreThe aim of this research is study about the different effects of firm size and Industry on firm profitability in Tehran Stock Exchange during 1385 to 1389. The natural logarithm of book value of assets is used as an indicator to measure firm size. Also, the type of industry, the separation of industries with high fixed costs and low on the stock exceeds the number of industries that were concentrated in the categories above. Furthermore profitability is calculated based on three indicators(net operating assets, return on net operating assets and return on operating assets. ) the Results of hypothesis tests indicates that there is no significant relationship between high fixed costs and profitability of large companies in various industries. there is no significant relationship between low fixed costs and profitability of small companies in various industries. there is no significant relationship between operating liability leverage and profitability indicators(return on net operating assets and return on operating assets) of small and large companies in industries with low fixed costs(chemical products , cement , lime and gypsum , basic metals and other non metallic mineral products). there is a significant negative relationship between operating liability leverage and two profitability indicators(return on net operating assets and return on operating assets) of small and large companies in industries with high fixed costs(Vehicle and parts manufacturing and Pharma). There is a significant positive relationship between operating liability leverage and return on common equity of small companies in industries with low fixed costs. Manuscript profile -
Open Access Article
95 - The Effect of Income Smoothing and Earnings Quality on Financial performance of Firms
zeinab ariamand seyyed abbas ebrahimiProfit 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 MoreProfit 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 -
Open Access Article
96 - A Model for Examining Exchange Rate Shocks Affecting on Profitability in Export-Oriented Production Groups
Hanieh Ghorbani Farhad Hanifi Teimour Mohammadi Gholamreza ZomorodianThe exchange rate affects the economic activity, foreign trade and wealth of economic enterprises. The aim of this study is to explain a model to investigate the effect of exchange rate shocks on the profitability of export-oriented production groups. In this regard, th MoreThe exchange rate affects the economic activity, foreign trade and wealth of economic enterprises. The aim of this study is to explain a model to investigate the effect of exchange rate shocks on the profitability of export-oriented production groups. In this regard, the data on exchange rate, tax, oil revenue, export and profitability were collected for 19 export-oriented production groups from 2008 to 2019. To achieve the research goal, the Panel Vector Autoregressive Model (PANEL VAR) using the generalized method of moments (GMM) was used to analyze the data. The results of the the Impulse Response Function show that the effect of exchange rate volatility, tax and oil revenue on the profitability variable is initially negative, but has a positive effect over time and is neutralized after several periods. But, the export impulse has positive effect on profitability. According to the results of variance decomposition, it can be said that the exchange rate fluctuations have more explanatory power for profitability fluctuations. Manuscript profile -
Open Access Article
97 - Usefulness of Expected Credit Loss of Loan Facility for predicting banks, future profitability
MARYAM ROSTAMI hamidreza kordlouie Gholamhasan Taghi Nataj Malekshah farhad hanifiIn this study the usefulness of expected credit loss of loan facility compared with loss impairment for predicting banks, future profitability was tested. The model of Altamuro and Beatty (2010) and Kanagaretnam et al. (2014) was applied for predicting banks, future pro MoreIn this study the usefulness of expected credit loss of loan facility compared with loss impairment for predicting banks, future profitability was tested. The model of Altamuro and Beatty (2010) and Kanagaretnam et al. (2014) was applied for predicting banks, future profitability and for calculating fair value of loans was applied the model of Tschirhart et al. (2007) and expected credit loss is calculated by fair value of loans. The hypotheses of the study were tested through the panel data gathered from 18 listed banks in Tehran Stock Exchange.The findings of the first hypothesis of the research indicated that with 95% assurance loss impairment has a significant and negative relation with one year-future profitability and expected credit loss has no effect. The findings of the second hypothesis of the research indicated that with 95% assurance both of expected credit loss and loss impairment have a significant and negative relation with two year-future profitability. Also the size of assets has a significant and positive relation with one and two year-future profitability. Manuscript profile -
Open Access Article
98 - Examining the Effective Factors on Commercial Bank Profitability of Iran Using Panel ARDL Method
Iraj Shariatzadeh Mehdi Shabanzadeh Gholamreza ZomorodianIn any economic system the role of banks to collect deposits of the banking system (Procurement of resource) and its application in the financing of investment projects (allocation of resource) is very important. Nowadays, Expansion of global markets and increase compet MoreIn any economic system the role of banks to collect deposits of the banking system (Procurement of resource) and its application in the financing of investment projects (allocation of resource) is very important. Nowadays, Expansion of global markets and increase competition in the markets for financial services is affected the profitability of the banking industry, significantly. Given that the profitability of banks is one of functions of banks and a more profitable bank has more power to deal with negative shocks to the market, Therefore, attention to the profitability index as one indicator of evaluating the performance of the banks and its role in decisions related to the mobilization of resources, financing and resource allocation is essential. in this study To achieve this goal, the affective factors on profitability of commercial banks has been modeled and studied during 2009-2013. The scope of this study contains 8 commercial banks listed on Tehran Stock Exchange including Eghtesade Novin, Parsian, Karafarin, Pasargad, Mellat, Tejarat, Saderat and Sina. The study also is used the Panel ARDL method to achieve the targets. The results of this study showed that, The ratio of shareholders' equity to assets, The ratio of credit to assets, bank size and inflation have a direct and positive effect on the profitability of commercial banks. So, increasing and improvement of this variables increase the profitability of commercial banks in the short term and long term. However, the effect of credit risk on commercial bank's profitability index is negative. So that increasing of this variable deacrease the profitability of commercial banks in the short term and long term. finally, The results of ECM model reveal that the speed of adjustment towards long-run equilibrium is low, So that if the shock enters the model the long time require for correct the short-run and long-run imbalance equilibrium and back model to first equilibrium. Manuscript profile -
Open Access Article
99 - Mathematical model design for predicting bankruptcy of companies accepted in the Tehran Stock Exchange
Reza Pirayesh Hassan Dadashi Arani Mohammadreza BarzegarIn this research, five major bankruptcy predictions model to study and among the components of the five models, redesigned bankruptcy prediction is provided that consists of eight variables. The main issue in this research is that by examining the financial statements o MoreIn this research, five major bankruptcy predictions model to study and among the components of the five models, redesigned bankruptcy prediction is provided that consists of eight variables. The main issue in this research is that by examining the financial statements of listed companies in Tehran Stock Exchange we can offer a model to predict corporate bankruptcy. In order to design data from two groups of companies accepted in the Tehran Stock Exchange use the first group consists companies surveyed non-bankrupt company and second group included bankrupt company. The study period financial statements of exchange data during the years have been 2005 to 2014. The study results in relation to the ability to predict model reflects the fact that the model could be two years before the bankruptcy of companies provide accurate predictions about the crisis and bankruptcy. The results show that the predictive power of the model for one year before bankruptcy 91% and two years before the bankruptcy 83%. Manuscript profile -
Open Access Article
100 - Effects of different kinds of mulch application on yield and photosynthesis nitrogen and water use efficiency in almond (Prunus amygdalus cv. “Nonpareil”)
MOHAMMAD SAEED TADAYON gholamreza moafpourianAbstract: In this experiment the requisiteness of mulch application on increment of yield and photosynthesis nitrogen and water use efficiency of almond were investigated. Experiment was conducted with five treatment in a Randomized Complete Block Design (RCBD) with thr MoreAbstract: In this experiment the requisiteness of mulch application on increment of yield and photosynthesis nitrogen and water use efficiency of almond were investigated. Experiment was conducted with five treatment in a Randomized Complete Block Design (RCBD) with three replication and four trees per each plot in Dezhcord County in Eghlid region in two years. Experimental treatments consist of - Without mulch (ctrl.) - Inorganic Pamis with 2 cm thickness - Organic almond shredded wood mulch - Glycyrrhiza root waste mulch - Wheat straw mulch, each of them on tree overcast (under tree cover) with 10 cm thickness. The experiment was carried out on 60 uniform fifteen years almond trees. Results showed that the application of different kind of mulch caused an improvement in growth, photosynthesis nitrogen and water use efficiency in almond in rain fed condition. The highest amount of yield belonged to wheat straw mulch. Mulch application caused an increment in stomata conduction, transpiration and photosynthesis water use efficiency. Organic mulch had the best significantly increased the photosynthesis water use efficiency in almond. The highest pure economical profitability belong to wheat straw mulch, almond shredded wood, Glycyrrhiza root waste and inorganic Pamis mulch under tree canopy, respectively. Manuscript profile -
Open Access Article
101 - Investigation of Factors Affecting Pistachio Orchards’ Productivity in Kerman Province
Reza Sedaghat -
Open Access Article
102 - Economic evaluation of Bushehr Special Economic Zone
A. Monserf A. Yahyaabadi A. SamaliSpecial economic zones in different countries are absorbing external capitals, receiving and promoting technology, getting managerial knowledge, exporting and re-exporting for the host country. Building free and special zone is one of the ways of quick industrial develo MoreSpecial economic zones in different countries are absorbing external capitals, receiving and promoting technology, getting managerial knowledge, exporting and re-exporting for the host country. Building free and special zone is one of the ways of quick industrial development and expanding exports in Iran in development plans. Data in this research are studied annually and for a time period from 2006to 2025 and by COMFAR III and Excel software. The plan will be studied in three pessimistic, middle and optimistic scenarios which all analysis is on the basis of middle scenario. According to the final results of the plan, net present value of total capital in 21 percent discount rate equals to 2680619 million Rials, which with respect to the obtained net present values, the project is feasible economically. Manuscript profile -
Open Access Article
103 - Developing a Model of Factors Affecting the Profitability of the Banking Industry Based on Structural-Interpretive Modeling (Case Study: Tejarat Bank of East Azarbaijan Province)
Shapour rahmani Soleyman Iranzadeh Yaqhoub Alavi MatinRecent turmoil in the global financial system has highlighted the importance of a well-performing financial system for economic growth. A healthy and profitable banking industry can better withstand negative shocks and help stabilize the financial system. Accordingly, t MoreRecent turmoil in the global financial system has highlighted the importance of a well-performing financial system for economic growth. A healthy and profitable banking industry can better withstand negative shocks and help stabilize the financial system. Accordingly, the purpose of this study was to develop a model of factors affecting the profitability of the banking industry based on structural-interpretive modeling in Tejarat Bank of East Azerbaijan Province. This research was based on the purpose of applied-developmental research. The statistical population of the study was divided into two sections: managers and heads of branches of Tejarat Bank of East Azerbaijan Province and research experts to determine the pattern of relationships between factors affecting profitability. Two questionnaires were used to collect data, the validity and reliability of which were assessed based on the construct validity and Cronbach's alpha coefficient. In order to analyze the data, confirmatory factor analysis and structural-interpretive modeling have been used. Findings show that the factors affecting profitability can be classified into twelve indicators and three main components. Also, the results of structural-interpretive modeling show that for the profitability of Iranian banks, primarily government factors are important, followed by economic factors and finally the specific characteristics of the bank Manuscript profile -
Open Access Article
104 - Investigation and Identification of Components Affecting Sustainable Supply Chain from a Financial Perspective Using Soft Systems Methodology(SSM): Case Study Pegah Gilan Dairy Company
fatemeh aminnaseri sina kherdyar hamzehamin tahmasbi ebrahim chiraniNowadays, organizations need to formulate strategic management plans for their presence in the big field of competition. One of the most important of these is sustainable supply chain management and the financial challenges in this chain. Also, supply chain management h MoreNowadays, organizations need to formulate strategic management plans for their presence in the big field of competition. One of the most important of these is sustainable supply chain management and the financial challenges in this chain. Also, supply chain management has become a complex and unstructured issue and has various stakeholders involved. Therefore, in the present study, the purpose is to identify the effective components on the sustainable supply chain from the financial point of view using soft systems methodology at Pegah Gilan Dairy Company as a case study. In this way, using the aforementioned approach, the problem of unstructured sustainable supply chain management from the financial point of view is expressed, and then by analyzing it, the image of different players of the drawing system and their root definition is raised. In the following, a conceptual model of activities is presented using the root definition and then the model is compared with the real world. Finally, the desired changes to improve and develop the actual system are identified and programs implemented to improve the performance and increase the profitability of the supply chain management system. Also, based on the results of research, financial, monetary, sustainability and risk are the four main components affecting sustainable supply chain. The results of this study will be effective for designing patterns of improvement in sustainable supply chain and strategic decisions of the organization. Manuscript profile -
Open Access Article
105 - Petroleum Tax Regime in Iran
Nader Mirzadeh Koohshahi Tahmineh Rahmani -
Open Access Article
106 - Investigating and Prioritizing the Key Indicators of Ticket Sales for Major Sporting Events in Iran
leila zakeyzade mohammadali safanejad reza nikbakhsh salahdyen naghshnandi mohsen baghryanTicket sales are one of the most effective ways to provide resources for sports clubs. Ticket sales are also one of the most lucrative industries in the country. This study was conducted to review and prioritize key indicators of ticket sales for major sporting events i MoreTicket sales are one of the most effective ways to provide resources for sports clubs. Ticket sales are also one of the most lucrative industries in the country. This study was conducted to review and prioritize key indicators of ticket sales for major sporting events in Iran. The present study is mixed.In the qualitative part, the data-based theory was used and MAXQDA software was used for content analysis. A total of 11 experts were purposefully selected to collect information. According to Mueller's rule of thumb, 370 people were considered within a confirmatory factor analysis using SPSS and AMOS software, and the AHP method was used to prioritize the factors. Based on the components of the paradigm model, 8 causal factors, 4 underlying factors, 7 intervening factors, 8 strategic factors are identified and cross-sectional consequences such as revenue and profitability; And long-term, such as creating social demand and increasing the number of spectators, attracting sponsors and securing income. In causal conditions, technology factor with relative weight (0.169), in background conditions, the factor of using standard gates with relative weight (0.279), in intervention conditions, the factor of coordination with relative weight (0.177), in strategies, culture factor with weight Relative (0.161) and the outcomes, cross-sectional outcomes with relative weight (0.562) were in the priority. Manuscript profile -
Open Access Article
107 - operational and credit risk model on planning management and efficiency of banks admitted to the stock exchange
Seyed Siavash Abolghasemi , Seyed Ali , Nabavi Chashmi Erfan Memarian Mohammad TaghipourIn the current research, the model of operational and credit risk on planning management and efficiency of banks admitted to the stock exchange was investigated. The present method is among descriptive and applied research. From the 318 active banks in the Tehran Stock MoreIn the current research, the model of operational and credit risk on planning management and efficiency of banks admitted to the stock exchange was investigated. The present method is among descriptive and applied research. From the 318 active banks in the Tehran Stock Exchange that were present in the years 1386 to 1398, according to the limitations, 108 banks were selected as a sample. To determine whether statistically the variance of the errors is significantly dependent on time or not. LM test was used. In order to calculate and prepare the research variables, as well as to extract the descriptive statistics of the main research variables, Excel software was used, and SPSS and GARCH statistical software were used to estimate the regression models and test the hypotheses. The results of the research showed that all research hypotheses were confirmed, in other words, credit growth and profitability and capital-to-asset ratio are significant on the stock returns of banks admitted to the Tehran Stock Exchange. Manuscript profile
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