International Journal of Finance and Managerial Accounting
Volume:4 Issue: 15, Autumn 2019

This paper aims to study the effect of herding on buy and hold, momentum and contrarian strategy. In this research, the cross-sectional absolute deviation is used to identify herding behavior in twenty industries in Tehran stock market. It is observed that the down and boom periods had more industries with herding. Moreover, the weak herding is more common than the strong herding in this market. In addition, the results showed that in all studied strategies, strong herding had a negative effect on industries return in every period except in the bust periods. On the other side, industries with the weak herding had more return than industries without herding in all periods except the bust period.

Management accounting highlights the use of accounting information for decision making and optimal control and management of executives in organizations. Accounting information is provided comprehensively by the accounting information system (AIS). To develop the AIS, the maturity of the system should be determined. In this regard, the first step is to identify and categorize maturity factors and indices. This research study aimed to identify and categorize the factors and indices effective in measuring the AIS maturity in the large manufacturing industries located at Markazi province. The research method was descriptive and library method and field studies were also used to collect data. The statistical population encompassed two groups: AIS experts whose scientific comments were applied in the selection of indices, and the employees in experienced AIS who determined the impact of the factors. Using Factor Analysis, the factors and indices used to measure the AIS maturity were categorized and 36 effective indices in nine factors were selected. Then their impact was calculated using structural equations. Finally, the factors with effective indices were categorized and the findings and recommendations were provided to the major industries of Markazi province, as special beneficiaries, and other industries.

Candlestick charts are a type of financial chart for tracking the movement of securities. Some of the earliest technical trading analysis was used to track prices of rice in the 18th century. Some investors find them more visually appealing than the standard bar charts and the price actions easier to interpret. In technical analysis, a candlestick pattern is a movement in prices shown graphically on a candlestick chart that some believe can predict a particular market movement.In this paper it is analyzed whether various candlestick patterns can predict trends in Foreign Exchange Market. The first group of minor hypotheses include whether a candle with an inverted color proceed by these patterns. The second group analyze whether the profit of trading after various patterns is significantly profitable.Three “open” prices of first candles are considered as different possible stop points. These three different points have different results, hence I’ve categorized them in three various scenarios and discussed about them separately.At the end on the basis of minor hypotheses, it is concluded that there is not any evidence on predicting power of candlestick patterns in trend recognition. Although the rates of correct prediction of the next candle after a confirmed pattern is almost insignificant in all cases, the trading profit of confirmed patterns are significant

The customers ’preference is derived from reflection on a product or special commercial brand, and factors such as positive appraisal of a brand performance and holding advantages and being unique, establishes the preference. This study aimed to develop a model of female customers' preferences in selecting banks and to train senior managers and banking staff. It had an applied objective, adopted a survey-based approach, and used both qualitative and quantitative procedures for data collection and analysis. A conceptual model developed for female customers preferences following the three-stage process of grounded theory method, namely open coding, axial coding, and selective coding. This model tested by conducting structural equation modeling using LISREL and Smart PLS After some of interview, we got the final results. The study focused on a large statistical population of bank customers and data were collected from two hundred eleven respondents who were selected through stratified random sampling with proportional allocation. A forty 40 item questionnaire designed by the researchers was used for data collection. The questionnaire had to be answered based on a Likert scale. The results supported the goodness-of-fit of the model, resulting in the presentation of a comprehensive model for female customers preferences in Iran’s banking industry

In this study, we investigate the problems and obstacles of implementing the risk-based auditing in Iran. We set four hypotheses and used questionnaire containing 45 questions to collect the required data. The questionnaires were distributed between Iranian certified public accountants who were partners or directors of audit firms and audit organizations member of Iranian certified public accountant institute. To determine the validity of the research questionnaire limited number of questionnaires distributed between small sample of respondents and their views taken into account. The Cronbach’s alpha test is used to measure reliability of the questionnaire. The results of this study indicated that, lack of the theoretical foundations and regulations of risk-based auditing in Iran, structure and function of auditors and audit firms and factors related to the clients are the obstacles and limitations on implementation of risk-based auditing in Iran Then the most important factors prioritized using fuzzy hierarchy analysis. For this reason, a questionnaire was developed with 16 factors from approved hypotheses. Results revealed that related factors with the auditors and unfamiliarity of auditors with IT and lack of educational resources were the most important obstacles and limitations on implementation of the risk-based auditing in Iran.

The purpose of this study was to investigate the structural pattern of the effect of corporate governance mechanisms (internal organization) on audit quality considering the role of the intermediary variable of behavioural components of auditors. The statistical population of this research is independent auditors and auditors working in audit firms. A sample of 395 people was selected by simple random sampling method. In this research, the correlation coefficient, hierarchical regression and Structural Equation Modeling (SEM) were used for statistical analysis. The results of the correlation test and hierarchical regression model confirm the role of auditors' behavioural components in the relationship between corporate governance mechanisms and audit quality as mediators. Then, by adapting the research data and conceptual model, structural equation model was fitted to examine the effect of auditors ' behavioural factors as an intermediary variable. Finally, the significant effect of corporate governance mechanisms on audit quality was demonstrated by explaining the mediating role of auditors' behavioural components.

Supply chain management helps partners in the chain to justify internal costs. The pursuit of cost information through the supply chain is very important for controlling costs, which helps to establish and optimize activities in institutions in the value chain. In this research, we have tried to review the literature on Supply Chain Costing in order to predict a model of management dashboard design for supply chain cost estimation, focusing on quantitative models and prediction. For this purpose, after reviewing the supply chain cost literature and examining the scope and purpose of the dashboard design, using the mathematical models and applying actual production and sales data in Tehran Province in the Zamzam Iran  Company  and Zamzam Tehran  Company 22 data courses From March 2016 to December 2017, the subject of this study, the design of the Supply Chain Cost Chain (CHCDM) model and the use of specialized software to prepare reports in the field of business intelligence, predicted the cost estimation dashboard model Supply chain and analysis reports were sensitive. Findings of the research are the best way to predict the combination method and regression method.

The specific aim of this academic study is to investigate the possible impacts of external and internal factors in the unique process of privatization on the changes of management accounting practices in listed companies of Tehran Stock Exchange which more than 51% of this companies' shares have been transferred to the private sector. For this purpose, a theoretical framework scientifically based on the key concepts of institutional theory (new institutional sociology and old institutional economy), structural theory and dialectical perspective has been applied that provide an exhaustive explanation of organizational changes by acknowledging the conflicts of internal and external determinants and the critical role of the human factor. Totally, 60 companies which their ownership transferred to the private sector during the period from 2002 to 2017 were investigated in the current paper. To collect empirical data, a questionnaire survey was adopted; moreover the structural equation modeling approach is applied to examine the hypothesis employing Smart PLS software and Friedman rank test using SPSS software. The key findings sufficiently reveal that external factors (mainly through progressively increasing of shareholders supervision), the internal factors (mainly through increasing of management influence) and through mediating variable of organizational contradictions exert a significant effect on the management accounting practices. As a result, in the process of privatization, two factors of increasing the shareholders' supervision and increasing of management influence, receive the most primary impact on the management accounting practices change. Furthermore, apparent inconsistency typically resulting from the incompatibility of external and internal factors causes differences among the members and affords the conditions of changes in the organization's systems. The results of the current research can be valuable for the effectiveness of management accounting changes in the process of mergers and acquisitions in developing countries.

Nowadays companies looking for increase of quality, flexibility and timeliness. One way to achieve these goals is lean thinking. To implementation lean production, companies are looking for waste reduction and Continuous improvement. This article Using the technology acceptance model (TAM) examined whether management accountants’ perceptions of the perceived ease of use (PEOU), or perceived usefulness (PU) of value-stream costing may influence on their behavioral intention (BI) to implement value-stream costing. In order to data collection was used the Davis (1989) and Venkatesh and Davis (2000) questionnaire and structural equation model (SEM). Furthermore using PLS and analysis regression. Results show that don’t significance relationship between perceived usefulness (PU) and behavioral intention to implement value-stream costing. But there is significant positive relationship between perceived ease of use (PEOU) and behavioral intention to implement value-stream costing.

Money demand determinants vary in every economy. There are many studies about Iran money demand function, which employed different variables and estimation methods. In this study, broad money (M2) is dependent variable and GDP, interest rate, exchange rate and household religious costs are descriptive variables. Household religious costs (urban and rural) are included in Iran money demand function as a religious factor because of Iran Islamic-based economy. We used NARDL method with quarterly data between 1376 and 1396, to determine if household religious costs have symmetric or asymmetric effects on Iran money demand. Bound testing approach shows a cointegration between variables, hence, we can interpret the long-run coefficients. Results show that all explanatory variables are statistically significant. Estimated coefficients of GDP, interest rate and exchange rate are 0.82, 0.01 and -0.17, respectively. Household religious costs show asymmetric effects, where estimated coefficients of negative and positive changes in household religious costs are -0.37 and 0.31, respectively.

Experts believe that by lowering the interest rate on bank accounts, total cost of goods and services decreases, and secondly, investment production increases,  both of which lead to lower inflation and provide stable employment field, on the other hand, are concerned about the negative effects of lowering the interest rate without lowering inflation and know the underlying requirement of nominal interest rate cuts as lowering the inflation rate, and consequently people's inflation expectations and finally, they know the relative positive nominal interest rate. In this study first the direction of a relationship between inflation rate and the interest rate was determined by Granger causality test; the findings showed that the causality direction is from inflation rate to bank interest rate.Following on from the literature, besides the inflation variable, other variables were estimated as independent variables in the model and finally the functional form of the factors affecting the interest rate for 1978-2018 in the framework Autoregressive Distributed Lag method. The results model showed that inflation rate, legal deposit ratio, exchange rate changes, and land price index have a positive and significant effect on interest rate in the short and long run;  However, the effect of the economic growth rate on the bank interest rate has been only confirmed in the long run and also indicate that if an unexpected shock enters a bank interest rate variable, it will take approximately three periods for the effects of this shock to be moderated and the economy to return its original equilibrium.