International Journal of Finance, Accounting and Economics Studies: 2 (2)

Open Access Article

1 - Management accounting research methodologies: searching for the bests
Fraydoon Rahnamay Roodposhti Marziyeh Shariati

Management needs qualitative and comprehensive information for decision making. Managers are always searching for useful information in order to reach their firm's goals and strategies. The development in technology, globalization and focusing on costumers needs has cha More

Management needs qualitative and comprehensive information for decision making. Managers are always searching for useful information in order to reach their firm's goals and strategies. The development in technology, globalization and focusing on costumers needs has changed the information that managers need to maintain their position in a competitive environment and take advantage of profitable opportunities. In this paper, a basic research has been conducted to study the theoretical, philosophical and historical basis of these changes with the aim of presenting appropriate methodologies for management accounting research andsuitable techniques for the organizations. The findings of the study indicate that there is no one right global technique for organizations with different structures. It seems that the development of management accounting research methodologies is more consistent with Feyerabend's point of view. According to this perspective management accounting can stop searching for a universal accepted theory and start searching for solutions suitable for its own situation Manuscript profile

Open Access Article

2 - Studying the Performance of Contrarian Strategies in Tehran Stock Exchange with Using Fuzzy Approach
Mohammad Nasiri

During recent years, examining the performance of contrarian strategies has been taken into consideration by scholars and stock market's activists, though several evidences are available based on profitability of this type of strategies, much of them have been referred More

During recent years, examining the performance of contrarian strategies has been taken into consideration by scholars and stock market's activists, though several evidences are available based on profitability of this type of strategies, much of them have been referred to American and European's stock markets. In current study, the act of these strategies will be examined in Tehran's stock exchange over a time spanning 2007 and 2009 by using Fuzzy approach and by computing portfolios' return comprising stock with indices such as low Price/Earning, small size, high payout ratio, low market value/book value and by cross sectional weighted data analysis method. Results show that meaning relation between valuable stock with low Price/Earning, small size, and high payout ratio is tendered offer by Fuzzy Expert System. Manuscript profile

Open Access Article

3 - 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

Employing remanufactured and refurbished products are among the new strategies that companies used to raise their profits as well as protects environment. Although used product equipment gives an opportunity to purchase latest technology, customers are doubtful about qu More

Employing remanufactured and refurbished products are among the new strategies that companies used to raise their profits as well as protects environment. Although used product equipment gives an opportunity to purchase latest technology, customers are doubtful about quality and reliability of these products. Because of limitation that developing countries faces in buying new products, some countries let companies to deal remanufactured and refurbished product just only under some strict requirement for warranty and servicing. In this paper, we aim to determine the effect of choosing remanufacturing and refurbished strategies on warranty cost and company’s profitability. The warranty cost has estimated by existing model in literature and all products considered under FRW warranty policy. Comparing the result of profitability between used and new products is our ultimate outcome. For this purpose, the failure data of 60 medical devices of a leading company has analyzed from 2012 to 2013. For each strategy (remanufacturing, refurbished and new products), 10 devices were selected and monitored over a year. The result shows that remanufacturing strategy causes reasonable warranty costs and profitability. This help manager to have a deep understanding, and decide on the profitable strategies leads to improve their competitiveness. Manuscript profile

Open Access Article

4 - Towards a new model of speculative bubbles: nonparametric test with an application to the Tunisian Stock Index
Nizar El Ouni Mekki Hamdaoui

Bubbles in asset prices have fascinated researchers in finance. Identify asset bubbles, by circumstances, on the stock market has been a growing number of research theoretical and empirical. On a theoretical level, it was assumed that the price dynamics reflect irration More

Bubbles in asset prices have fascinated researchers in finance. Identify asset bubbles, by circumstances, on the stock market has been a growing number of research theoretical and empirical. On a theoretical level, it was assumed that the price dynamics reflect irrational behavior of economic agents and, therefore, should be excluded from a deal with the truly rational economic agents Burmeister [1980], Cass and Shell [1983] , Tirole [1985] and Diba & Grossman [1988]. Rational theory and behavioral theory attempted to explain why bubbles occur Allen and Gale [2000] Abreu & Brunnermeier [2003], Scheinkman and Xiong [2003] and Men [2006]. This paper examines the presence of rational speculative bubbles in the Tunisian equity market (BVMT) over a sample period from January 2000 to December 2013 by means of a methodology based on a non-parametric duration dependence test. The results show evidence of negative duration dependence in runs of positive returns, a characteristic consistent with the presence of rational speculative bubbles. This paper employs the generalized Weibull model of Mudholkar, Srivastava, and Kollia (1996) to examine the nature of speculative bubbles in security prices. This model is sufficiently flexible to allow changes in the direction of duration dependence Manuscript profile

Open Access Article

5 - Electronic Banking and Customer Satisfaction in Bank Melli Iran
Taghi Torabi Mahsa Ghorbani Meysam Bagheri Samaneh Tarighi

Many e-commerce transactions via e-payment systems is carried out. The aim of this study is that the theory of structures, an empirical analysis about the importance and ranking key factors that may be on customer satisfaction in electronic payment systems affect the Ir More

Many e-commerce transactions via e-payment systems is carried out. The aim of this study is that the theory of structures, an empirical analysis about the importance and ranking key factors that may be on customer satisfaction in electronic payment systems affect the Iranian banks.9 specific topics of the factors in e-payment systems, customer satisfaction and affect are more key, were selected and reviewed. To achieve this goal, Out of 754 questionnaires for statistical analyses was provided to respondents. A total of 548 questionnaires were coded and analyzed using LISREL 8.53 to analyze the hypotheses. The research proved that the perceived importance of the key factors was correlated through security, trust, perceived advantage, processing speed, perceived risk, usability, focusing on customer needs, responding to objections and privacy.Important research results to help banks and other institutions providing e-payment systems in identifying key factors and their ranking for customer satisfaction and use it to better design of e-payment systems will. Manuscript profile

Open Access Article

6 - Some Determinants of Corporate Financing Decisions: Evidence from the Listed Companies in Tehran Stock Exchange
Younes Badavar Nahandi Vahid Taghizadeh Khanqah

The aim of this empirical study is to explore the trade-off model and pecking order model of capital structure. The investigation is performed using panel data procedures for a sample of 76 firms listed in Tehran Stock Exchange during 2007-2010.The study employs OLS reg More

The aim of this empirical study is to explore the trade-off model and pecking order model of capital structure. The investigation is performed using panel data procedures for a sample of 76 firms listed in Tehran Stock Exchange during 2007-2010.The study employs OLS regression model in examining the capital structure of firms in Iran. The study employs variables reflecting differing theoretical arguments on capital structure. The results suggest that trade-off model and pecking order model are not mutually exclusive. Both trade-off model and pecking order model play an important role in determining the total debt level of firms. However, empirical results of long-term debt level consistent only with pecking order model but not trade-off model. This may because financial institutions in Iran do not concern seriously on the risk of insolvency. Firms with higher risk can access long- term debt financing as easy as firms with less risk. The findings of the study clearly demonstrate the importance of capital structure decisions for financial sources. Manuscript profile

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