Journal of Empirical Research in Accounting
Year:2012 | Volume:1 | Issue:4|Papers Count:7

This study examines how accounting information (profitability, revenues, profitability and revenue growth, working capital and times interest earned) affect financing decisions. We used a sample of 100 companies listed on Tehran stock exchange (TSE) over a seven-year period (2004-2010).The empirical results indicate that accounting information is relevant in financing decisions, but there is different predictive power between those accounting variables. Profitability has the most effect on decisions, and liquidity, revenues and times interest earned are ranked second to fourth.

This research investigated the relationship between human resource value and stock rate of return within companies listed on Tehran Stock Exchange. In order to examine the significance of relationship between independent variables-company’s human resource value, human resource capitation and growth rate of human resource- and stock rate of return, 3 hypotheses have been developed. The Sangelagji Implicit Purchasing Price of Employees’ Potential Services Model (1975) was used to obtain company’s human resource value. The statistical method used to test the proposed hypothesis is “panel-data”. The data sample is restricted to 85 companeis during 2001-2008.Research findings indicate that there is a significant positive relationship between company’s human resource value, human resource capitation and growth rate of human resource as independent variables and company’s stock return rate as dependent variable.

Basically, maximizing the wealth of shareholders and reducing the cost of capital are among financial manager's targets, and the capital structure decision is one of the effective decisions to reach these goals. Also, the impact of equity liquidity on the value of firms and stocks is important and it is expected that reducing the equity liquidity has effects on increasing expected returns.The main objective of this study is considering the relationship between the changes in capital structure and changes in equity liquidity in listed companies on Tehran Stock Exchange (TSE) during 2004-2008. The panel least squares method is used to examine the hypothesis.The results indicate that changes in capital structure has a significant negative impact on changes in equity liquidity but changes in equity liquidity does not have a significant impact on changes in capital structure.

Various theoretical signaling proxies have been developed to explain the valuation of new issues. These signals include dividend policy, underpricing, entrepreneurs’ retained ownership and the reputation of financial advisors. This paper examines whether underpricing and dividend policy serve as signals of firm value in new issues market. For this purpose with mitigation of McGuiness’ model (1993), the relevant data of 89 firms that enter the Tehran Stock Exchange over the years of 1380 to 1388 is extracted. This data is collected from the firms’ prospectuses and their financial statements. The results show support for the underpricing signal and, further, the dividends mitigate the adverse valuation impact of risk.

The main objective of this research is investigation and analysis of the relationship between abnormal stock return and some performance evaluation criteria in listed firms on Tehran Stock Exchange. Therefore the performance evaluation criteria as an independent variable and abnormal rate of return as a dependent variable are considered. The main idea to formulate the hypotheses is the existence of a significant relationship between the proposed performance evaluation criteria and abnormal rate of return. Required information is collected for the period 2006 to 2011. In order to test hypotheses, the multiple regression method is used.The results show, among all performance evaluation criteria, only the current ratio, quick ratio, percentage of debt to total assets, total asset turnover, total assets’ return, percentage of profit to gross margin, percentage of operating profit to revenue, percentage of gross margin to revenue, P/E and P/B ratios, has a significant relationship with abnormal rate of return.

Going concern assumption means that the activities of corporation will continue unlimited. But, it may be in doubt for many reasons such as negative cash flow. As yet, the varied models and qualifications have been represented for assessment of corporation continuity. In this paper, going- concern assessed by use of the triple variable yielding by cash flow statement: (operational cash flow, investment cash flow and financing cash flow). By consideration with some condition for choice of sample, totally were elected 102 firms from listed and delisted corporations in period of 2001-2009.Using by Inter and Forward Stepwise method, results showed that in this triple variable, side of the two variable ,that is; operational cash flow and financing cash flow with going concern is only positive, and in a result when they increase (operational and financing cash flow), going concern probability and bankruptcy probability will increase.

The emergence of global business and economic trends to e-commerce firm, along with technological advances, are factors that have led to the development of concepts and methods of accounting. These developments have changed the accounting environment. But the problem of access to trained accountants, because of the weakness of accounting is seen. The main aim of this study is to identify knowledge and skills required for the accounting profession needs to adapt to the changing business environment and university teaching. For the purpose of the study, 43 variables related to the knowledge and skills in accounting education have been identified and are divided into six components. Population of this study include practitioners in the profession, whose members are selected through simple random sampling. Exploratory and confirmatory factor analysis to test the components used. The results show significantly Due to the lack of coordination of the professional accounting community needs with what are taught in universities in accounting education curriculum is necessary.