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Showing 4 results for Return on Assets
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year 3, Issue 9 (4-2011)
Abstract
Mohammad Omid Akhgar, Hamzeh Zaheddoust,
year 10, Issue 39 (1-2019)
Abstract
The purpose of this research is to investigate the relationship between firm performance and CEO turnover with the moderating role of CEO's influence in companies listed on the Tehran Stock Exchange. In order to achieve this goal, 178 companies listed in Tehran Stock Exchange during the period from 2008 to 2016 were selected by systematic elimination sampling method and a total of 1602 firm-years were considered for analysis. In this regard, two hypotheses were developed and tested in the two models of return on assets and stock returns, as the representative of the firm's performance. Logistic regression was used to test the research hypotheses. The results of the research showed that both models indicate a negative and significant relationship between the firm performance and CEO turnover. Also, the results of the study about the effect of CEO influence on the relationship between firm performance and CEO turnover indicate that CEO's influence on the relationship between firm performance and CEO turnover does not have a significant effect
Mr Davoud Mostafazadeh, Dr Mohsen Hamidiyan, Dr Fatemeh Sarraf,
year 12, Issue 48 (2-2021)
Abstract
The main objective of this research is the operational efficiency of the cash conversion cycle and its effect on the financial and non-financial performance of the companies listed on the Tehran Stock Exchange. The sample of the study is selected by the systematic elimination method from 2013 to 2018. After applying the restrictions, 120 companies were selected as the sample. In this study, the research model was investigated using the panel data regression method.
Research findings show that the relationship between the cash conversion cycle and the net trading cycle with equity returns of companies is positive and significant.
And the relationship between cash conversion cycle and net business cycle with return on assets and economic value added is negative and significant. And the relationship between firm size and financial leverage covariates with return on equity, return on assets and economic value added of Tehran Stock Exchange companies is positive and significant.
Dr Behrooz Badpa, Dr Sohrab Osta, Mohammad-Reza Farokhinezhad,
year 13, Issue 52 (12-2021)
Abstract
The marketing capability of a company, as one of the essentials of its success and survival, is comprised of a set of skills and knowledge that can improve company performance, and consequently increase its value, via identifying target markets, conducting customer needs assessment, addressing customer orientation, and utilizing resources. Accordingly, the present study aims to identify the accounting variables explaining the marketing capability of the company and its effect on operating revenue, return on assets, and stock prices. The statistical population includes the companies listed on the Tehran Stock Exchange in 2011-2020, selected using a screening of 100 companies as the study sample. In order to measure marketing capability, the stochastic frontier approach and the Stata 14 software are employed. The study findings at a 95% confidence level demonstrate that selling, general, and administrative expenses, trade receivables, intangible assets, cumulative sales volume, and retained earnings shape profit margin, and then explain the marketing capability of the company. As well, multivariate regression is utilized to test other research hypotheses, through combined data and the Eviews 9 software. The study findings at a 95% confidence level reveal that marketing capability has a significant positive effect on two performance variables in the company, viz. operating revenue and return on assets. In addition, such a significant positive impact can be observed on stock prices. Accordingly, the higher power and talent of the company in the field of marketing enriches its operating results and augments its value. Other research outcomes establish that the company’s financial leverage has a negative effect on its operating revenue, return on assets, and stock prices, but cash flows positively affect its operating revenue and stock prices. Furthermore, the ratio of market value to book equity in the company has a significant positive impact on its operating revenue and stock prices. The results of the present study can thus help managers in budgeting assets and expenses that affect company performance, aid investors in terms of successful stock selection, and even guide researchers in the fields of management and marketing.
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