فصلنامه پژوهش های تجربی حسابداری
سال سوم شماره 1 (پیاپی 9، پاییز 1392)

This study seeks to find the relationship between financial performance of the firm and corporate social responsibility in accepted companies in Tehran Stock Exchange. The corporate social responsibility is measured by a questionnaire composed of 53 items related to social responsibility of the firm’s customers, workers, environmental and community dimensions. In this study, the numbers of 59 observations were investigated during the years 2005-2010. To analyze the data was exerted SPSS software. Our findings reveal that financial performance of firms is significantly related to social responsibility of the firm’s customers and community dimensions. However, this variable is not significantly related to social responsibility of the firm’s environmental and workers dimensions. This paper will help the management to develop effective social responsibility policies required to achieve better financial performance in long-term and provide awareness for firms in the field of role of social responsibility of firms to achieve future benefits.

In this study, the relationship between CEO tenure with firm value, agency costs and information risk has been examined. The purpose of this study is that the increase in CEO tenure has significant impact on the value of the company, agency costs and information risk? For this purpose, a sample of ninety-six companies, including the companies listed in Tehran Stock Exchange for the period from 1380 to 1389 was selected. We devise a measure of expected CEO tenure as a proxy for the length of CEO decision horizon. In view of the CEO's tenure as the independent variable and use two stage least squares regression, Empirical tests show that longer CEO tenure is associated with information risk and firm value. Also, Relationship between tenure as CEO and agency costs are not significant.

The implementation of financial and nonfinancial perspectives of Balanced scorecard(BSC) is investigated in this study. The extent of using these perspectives is reported at 39 good quality hotels by queationaire and using statistical nonparametric techniques(such as Friedman and Kruskal Wallis statistics). The results show that although the BSC is not implemented in the sample hotels, but the following aspects are more considered by the managers: asset management programs as a financial aspect, keeping safety programs as an internal process aspect, separation of duties and delegating tasks as the learnings and growth perspective and customer consideration(customer attraction, customer preservation and handling customer complaints). These findings help managers in this indusry to perform evaluation and setting strategy.

In developing countries such as Iran, investigating the effect of exchange risks on different companies is a vital issue. Due to the lack of developed financial markets, these countries would be expected to be exposed to financial crises. In this study, the effect of exchange rate risks on Iranian banks was investigated using two market-oriented models. The sample included seven banks listed in Tehran Stock Exchange during 1382 to 1390. The results of estimating both models indicated that there is not a significant relationship between exchange rate fluctuations of Dollar in compare to Rial and stock price in these banks. One of the reasons for this result could be attributed to the lack of investors’ awareness and suitable analysis of the effects of these fluctuations on the companies’ return. Another reason could be the ability of the banks to control the exchange rate fluctuations using varied protecting methods which leads to the decrease in the effect of these fluctuations on companies’ values.

In this study, we investigated the effect of timeliness and conservatism on the information content of earnings. conservatism, Based on the Criterion The Asymmetric timeliness of earnings (basu, 1997). For this purpose, the Fixed Effects Model was used. Timeliness Was estimated by Ordinary Least Squares (OLS) method and Earning information content Was determined via Generalized Method of Moments (GMM). The study sample included of 191 companies listed in Tehran Stock Exchange During the period 1380-1388. Results obtained using the Software Eviews.6 Showed Companies that have a high level of timeliness, have a higher information content. While, on the earning of companies that are highly conservative, have lower information content.

In this paper has been studied the role of conservatism and disclosure in the reduction of Cost of Equity Capital. Theoretically, conservatism and disclosure can be influenced on the cost of capital with decrease the Agency costs and Information asymmetry. Therefore, this study wants to test the separate and shared effect of conservatism and disclosure on the companie's Cost of Equity Capital. To do this, data about 70 companies listed in the Tehran stock exchange, during 1384 to 1388 has been Regression analysis. the obtained results, show the reverse meaningful relation between conservatism and Cost of Equity Capital. On the other hand, the relation between disclosure and the Cost of Equity Capital has been estimated meaningfully reversed. In addition, the results of the relationship between conservatism and cost of capital, determined that the relationship between the two in terms of inadequate disclosure is increased.

Purpose – The purpose of this paper is to investigate the value relevance of the goodwill reported in the consolidated financial statements of all non-finance companies listed on the Tehran Stock Exchange from 2006 to 2011. Design/methodology/approach – The paper uses regression analysis based on valuation model developed originally by Ohlson (1995) in which stock price is using as the dependent variable and book value of equity per share, book value of equity minus the amount of recognized goodwill per share, earnings per share and goodwill per share as independent variables. Findings – The paper shows that net earnings and reported goodwill are highly significantly associated with stock price. Research limitations/originality/value/implications – We did not find any research on value relevance of reported goodwill in Iran, this research it is important to provide evidence about effects of different cultural and institutional characteristics of economic contexts of Iran on value relevance of reported goodwill. The results of this paper provide insights about accounting of intangible assets for financial accountants, standard setters, auditors and investors.

This study adopted the organizational learning perspective to examine relevant types of management accounting information required by advanced manufacturing technology (AMT) for attaining improved production performance. first, we investigated the relationship between the level of AMT usage and the amount of information provided by management accounting information systems (MAISs).In this study, out of 43 companies which were listed on Tehran Stock Exchange (TSE) in Machinery and vehicle industries, the data were collected from financial managers of 32 manufacturing companies through structured questionnaires.The result of this study showed a positive correlation between the AMT level and the amount of management accounting information (i.e. planning and control information, and nonfinancial performance information).A positive relationship between provision of information and improvement in production performance was also observed. This study also empirically examined the effects of facilitators of organizational learning on the relationship between provision of information and performance improvement.the result of this study showed that facilitators of organizational learning can not affect the relationship between provision of information and performance improvement.

Using panel data analysis, this paper examines the effect of shareholder rights (as an external corporate governance mechanism) on the quality of reported earnings of Iranian firms. We used a sample comprised of 145 publicly traded firms listed in Tehran Stock Exchange (TSE). Shareholder rights features considered are ownership concentration, control right, government shareholding, transaction with affiliated firms, and legal lawsuits. In contrast to prior literature, shareholder rights features are defined as a multidimensional variable. Further, the present study measures the quality of earnings in seven ways. After controlling for firm size, leverage, operating cash flows, and growth opportunities, Empirical tests demonstrate that the overall shareholder rights measure is 1) negatively related to the earnings persistence, earnings management and conservatism, 2) positively related to the earnings timeliness, and 3) not related to the accrual quality, earnings predictability and value relevance. Furthermore, our results suggest that disaggregating overall shareholder rights measure into more components cause to variability in explanatory power of the models.