Scientific Information Database (SID) - Trusted Source for Research and Academic Resources

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Scientific Information Database (SID) - Trusted Source for Research and Academic Resources
Scientific Information Database (SID) - Trusted Source for Research and Academic Resources
Scientific Information Database (SID) - Trusted Source for Research and Academic Resources
Scientific Information Database (SID) - Trusted Source for Research and Academic Resources
Scientific Information Database (SID) - Trusted Source for Research and Academic Resources
Scientific Information Database (SID) - Trusted Source for Research and Academic Resources
Scientific Information Database (SID) - Trusted Source for Research and Academic Resources
Scientific Information Database (SID) - Trusted Source for Research and Academic Resources
Issue Info: 
  • Year: 

    2019
  • Volume: 

    11
  • Issue: 

    44
  • Pages: 

    5-22
Measures: 
  • Citations: 

    0
  • Views: 

    364
  • Downloads: 

    0
Abstract: 

The aim of this study is to investigate the effect of ceo power on future stock price crash risk of listed companies in Tehran Stock Exchange. In this research management power is used as the independent variable and Future Stock Price Crash Risk which is used as the dependent variable. The research in was conducted on the Stock Exchange companies during 2011-2015. The logistic regression model was used to analyze the data. The results showed a significant positive correlation between management power and Future Stock Price Crash Risk.

Yearly Impact: مرکز اطلاعات علمی Scientific Information Database (SID) - Trusted Source for Research and Academic Resources

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Issue Info: 
  • Year: 

    2019
  • Volume: 

    11
  • Issue: 

    44
  • Pages: 

    23-58
Measures: 
  • Citations: 

    0
  • Views: 

    405
  • Downloads: 

    0
Abstract: 

Several studies focused in the Tehran Stock Exchange, the relationship between audit quality or accounting information on stock market price, but; few studies paid to investigate the relation between Interaction audit quality and accounting information on stock market price of the company. So, the purpose of this paper is investigating the effect of audit quality and Valuesrelated to accounting information on stock market price. For this purpose, asample consisting of 456 year-firm listed in the Tehran stock exchange during 2006 – 2014, with the multivariate regression analysis, were used. Forempirically test the variables. The findings show, that there is a significant positive relationship between audit reports with stock markt prices. But is not a significance relationship between the size of the auditor and stock market prices. Also, the findings show a significant positive relationship between earnings per share with stock market prices. In addition, there is a significant negative relationship between the book value per share and stock prices. Inaddition, there is a significant positive relationship between the auditoropinion and earnings per share with stock market prices, but there is asignificant negative relationship was found between Interaction effects the auditor opinion and book value per share and Interaction effects the size auditor and earnings per share ' with' stock market prices. Also, is not asignificance relationship between Interaction effects the size of the auditorand book value per share with stock market prices.

Yearly Impact: مرکز اطلاعات علمی Scientific Information Database (SID) - Trusted Source for Research and Academic Resources

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Issue Info: 
  • Year: 

    2019
  • Volume: 

    11
  • Issue: 

    44
  • Pages: 

    59-78
Measures: 
  • Citations: 

    0
  • Views: 

    1274
  • Downloads: 

    0
Abstract: 

Undoubtedly, internal auditing has an effective situation on the corporate governance structure. Internal audit by timely identification of weaknesses in internal controls has a significant role in reducing fraud, manipulating of information, enhancing financial reporting and increasing the efficiency and effectiveness of the company. After the approval of the internal controls and the internal auditing charter in 1391(Iranian calendar) by the security exchange organization, the internal audit challenges and pathology are important. Many experts and managers in this area believe that many challenges, especially in the early years, has threatened internal auditing and has prevented its effectiveness. The present research, which is one of the survey research, conducted an interview, review of previous studies, produced, and tested a questionnaire using actual internal audit information. The society and the statistical sample included the directors and heads of internal audit, financial experts and members of the audit committees of the companies listed in the Tehran stock exchange and OTC of Iran. The number of respondents to the audit committee questionnaires has been sent 88 times three times. The weakness oversight of the security exchange organization, the lack of internal auditors' salaries and benefits, and finally, the not giving bonus are challenges of internal auditors. Additionally, internal auditors training, accreditation testing, lack of co-responsibility in several companies, revision of the internal audit charter, rewarding, ongoing meetings with independent auditors, and follow up of weaknesses in internal controls by the annual general meeting include are ways to improve the performance of internal audit.

Yearly Impact: مرکز اطلاعات علمی Scientific Information Database (SID) - Trusted Source for Research and Academic Resources

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Issue Info: 
  • Year: 

    2019
  • Volume: 

    11
  • Issue: 

    44
  • Pages: 

    79-113
Measures: 
  • Citations: 

    0
  • Views: 

    366
  • Downloads: 

    0
Abstract: 

Speculation is the purchase of an asset such as a financial instrument with the hope that it will become more valuable at a future date. In finance, speculation is also the practice of engaging in risky financial transactions in an attempt to profit from short term fluctuations in the market value of a tradable financial instrument. Speculation plays a necessary function for financial markets and it has several benefits for markets such as providing liquidity, enhancing efficiency and promoting capacity of bearing risk. On the other hand, Speculation with manipulative behaviors can be led to speculative bubbles and excess volatility in financial markets. In This research, at first, we explain different types of manipulative behaviors used by speculators. Then we analyze these behaviors based on imamiah jurisprudence. In this research, we compare many types of manipulative behaviors with shariah principles such as: Tadlis, Najsh, Dharar, Ghabn and … Results shows many manipulative behaviors used by speculators are forbidden from sharia point of view.

Yearly Impact: مرکز اطلاعات علمی Scientific Information Database (SID) - Trusted Source for Research and Academic Resources

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Issue Info: 
  • Year: 

    2019
  • Volume: 

    11
  • Issue: 

    44
  • Pages: 

    114-140
Measures: 
  • Citations: 

    0
  • Views: 

    492
  • Downloads: 

    0
Abstract: 

The purpose of this research is to investigation the impact of disclosure and financial reporting quality on stock price synchronicity. The accounting and financial reporting system plays a crucial role in providing the needed information to make investors' decisions appropriate and, consequently, the proper functioning of the capital market. Since the provided information by the companies is important for investorsʹ decision making, so examination their impact on the stock price synchronicity (simultaneous movements of stock prices with market movements or industry) is very important. The statistical population of this research includes all accepted companies in Tehran Stock Exchange. In order to attain the research purpose, 100 companies among the listed companies in the Tehran Stock Exchange during the years 1383 to 1394 (2004-2015) were selected as statistical samples. For testing the hypotheses, multiple regression with mixed data has been used. Finding of research signify that the disclosure quality has a significant and positive impact and financial reporting quality has a significant and negative impact on stock price synchronicity.

Yearly Impact: مرکز اطلاعات علمی Scientific Information Database (SID) - Trusted Source for Research and Academic Resources

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Issue Info: 
  • Year: 

    2019
  • Volume: 

    11
  • Issue: 

    44
  • Pages: 

    141-165
Measures: 
  • Citations: 

    0
  • Views: 

    250
  • Downloads: 

    0
Abstract: 

The impact of Managerial Overconfidence and Inflation Uncertainty on Overinvestment in pharmaceutical, petrochemical, and automotive Companies listed in Tehran Stock Exchange. Introduction and Objectives: The purpose of this study was to investigate the effect of uncertainty of inflation and management of distraction on the over-investment of companies. METHOD / APPROACH / DATA COLLECTION: The data of 60 companies from Tehran Stock Exchange (Tehran Stock Exchange) were investigated using the sampling method for the period of 1396-1388 from automotive, petrochemical and pharmaceutical industries in the form of seasonal companies have taken. In order to measure the uncertainty of inflation, we have used the generalized regression conditional variance model (GARCH). A combination of data approach was used to test the research hypotheses. Results: The results of the hypothesis test showed that: "Inflation uncertainty has a negative and significant effect on corporate over-investment. " "The lack of confidence of managers has a positive and significant effect on the over-investment of companies. " "The excessive confidence of managers reduces the negative effects of uncertainty about inflation over non-equity. " "During low inflation cycles of uncertainty, the management's excessive confidence in companies is likely to exacerbate (to reduce) over-investment. "Discussion and Conclusion: Reducing uncertainty in inflation increases the amount of over-investment, and management's high degree of trust increases such an effect. Excessive investment in companies that is largely due to managers' immense trust and a negative relationship between uncertainty about inflation and excessive investment with respect to reliability.

Yearly Impact: مرکز اطلاعات علمی Scientific Information Database (SID) - Trusted Source for Research and Academic Resources

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