فصلنامه مطالعات تجربی حسابداری مالی
پیاپی 41 (بهار 1393)

Designing the optimum process of shifting traditional input oriented budgeting toward modern output based budgeting systems; defined as performance budgeting, require a special focus on infrastructural, legal and managerial capacities.The vital success factor of implementing performance budgeting is accessing evolutionary managerial skills to coordinating suitable transition from a budgeting system to another one, so the recognition and extraction of key factors of an successful strategic evolutionary management according to adaptive research in best practice countries, could be an illustrator of such an important path. Investigating the shifting trends of OECDs countries budgeting practices shows a clear sequential steps in implementing performance budgeting.In this research, the success performance budgeting indexes in questionary based format gather the experts opinion after a studding the performance budgeting conceptual frameworks of the selected countries successfully implement this view and the appraisal of the reaching consensus about the asked indexes has been done according to the statistical tests.Finally this research shows that the applied paradigm of performance budgeting in IRAN in not suitable, and present a feasible model of implementing such a view in Islamic Republic of Iran.

This study investigates how management Authority of bankrupt firms performs in reporting future profitability and earnings quality effect in Tehran Stock Exchange during 1385-1390. Discretionary accrual is considered as measure of earnings management. Also in this study, it is investigated the effect of accounting-based earnings attributes on future profitability separately: accruals quality, earnings persistence, earnings predictability, and earnings smoothness. The results of estimating unbalanced panel data technique for 55 firms subjected to bankruptcy of Altman's model show that the Bankrupt companies tend to be opportunistic earnings management. We also find that earnings management performs better than earnings quality in predicting future profitability.

The main objective of this study is to investigate the effect of the life cycle of the company's on dividend policy of the company which is accepted on the Tehran Stock Exchange. In this study, the ratio of dividends to the earnings per share and dividends to the company size are considered as the dependent variables and life cycle of the company is considered as independent variable. At first a statistical sample is separated by using variables, sales growth, age, and capital expenditure of the company's growth, maturity and decline then hypotheses of the study have been tested by using ANOVA and LSD tests. Analyses of 435 years - the company during the years 1386 to 1390 show that the company's dividend policy at different stages of the life cycle (growth, maturity and decline) differ. The results indicate that the average ratio of dividends to market value of equity of the sample firm's growth, maturity and decline vary. Accordingly, it is recommended to financial analysts to concern life cycle as a key factor when evaluating the current and future performance and financial structure of the company. for doing accurate analysis of financial condition and anticipated interest payments decisions, it is better to determine the company's life cycle.

A great change and shift from financial resources to knowledge is being experienced nowadays. Physical and financial assets are essential but not enough to reach organizational goals, instead, knowledge, technological settings, good customer relations, information systems,... those constitute organization’s Intellectual Capital, are known as key success factors in information era. It’s believed that intellectual capital, including human capital and structural capital, has important and growing role in firm’s performance and affects on it’s financial achievements. This paper examines the effect of intellectual capital and it’s components on firm’s financial performance. The essential data are taken from 1383 -1388 fiscal years’ annual reports of publicly traded firms listed on the Tehran stock exchange and 816 firm-years are studied. Results of hypotheses testing show that, VAIC has positive effect on the four financial performance indicators. Between VAIC components, capital employed efficiency has the most effect on firms’ financial performance.

The goal of this paper is to study of Relationship between cash flow sensitivity of investment with capital expenditure..the sample has been divided into two parts, over investment and under investment companies with using measure of investment mean and shown that the cash flow sensitivity of investment in over investment companies is greater than under investment companies. also Positive relationship have been shown between market to book ratio and capital expenditure. Also by using multiple measure (ratio of dividend, size and KZ index) representative of financial constraints, we understand that positive relationship is exist between cash flow sensitivity of investment with dividend ratio and size and negative relationship is exist between cash flow sensitivity of investment and KZ index.

Timeliness is an important qualitative characteristic of financial information. The timeliness of information means that information should be provided to users in the shortest time and the fast way possible. The time between the end of the financial year and the date of financial reporting is shorter, usefulness of audited annual financial statements of firms’ increases.The aim of this study was to investigate the relationship between the change (improvement or progress) in the auditor’s opinion and the financial reporting delay. The correlation and regression methods were used to analyze the data. The population consisted of 165 firms listed in Tehran Stock Exchange during the period 2004 to 2012. Results of tests done on the hypothesis indicate that there is a significant relationship between change (improvement or progress) in the auditor's opinion with delays to financial reporting, however, our research control variables including costs of lawsuits, revising auditing or accounting standards, duality of board chair and management and leverage, do not have any significant relationship with financial reporting delay.

Studies regarding of auditor rotation due to the effects on auditor independence and audit quality, is very important. Auditor independence affects auditor – client relationship and finally will be useful to audit quality and earning conservatism. The present research examines the relation between audit firm rotation and earnings conservatism. In this research for conservative representation of the profit before tax is applied. By examining 63 companies listed in Tehran Stock Exchange during the period 1384-1389 and using multiple linear regression analysis, The results indicated a direct and significant relation between audit firm rotation and reporting earnings Conservative Companies listed on the Tehran Stock Exchange. The findings of this study revealed that by audit firm rotation increases conservatism in reported earnings The companies listed in Tehran Stock Exchange.