Struggling to understand research papers? Don’t panic! Get simple explanations to your questions. Learn more

scispace - formally typeset
SciSpace - Your AI assistant to discover and understand research papers | Product Hunt

Journal

Iranian Journal of Business and Economics 

About: Iranian Journal of Business and Economics is an academic journal. The journal publishes majorly in the area(s): Stock exchange & Earnings management. Over the lifetime, 98 publication(s) have been published receiving 47 citation(s).
Papers published on a yearly basis
Papers
More filters

Journal Article
Abstract: Intellectual capital becomes the integral part in the development of successful organization lately. Most of the organizations and banks in Islamic countries and Iran are started to shift in practicing intellectual capital since knowing the important of it. Intellectual capital is defined as intangible assets that include technology, customer information, brand name, reputation and corporate culture that are invaluable to a firm‟s competitive power. In a contemporary business environment, intellectual capital is considered as the most critical strategic asset for the success of the organization. Intellectual capital is a life blood of the high -tech and knowledge intensive organizations. Banking sector is considered as a knowledge intensive segment. Therefore, there is a great need to nourish the concept and applications of intellectual capital in banking sector. In Islamic countries, banking sector is mainly based on conventional banking sector and Islamic banking sector. The purpose of this research is to consolidate these findings and investigate three elements of intellectual capital including human capital, structural capital and customer capital and their internal relations in the Islamic banking industry.

9 citations


Journal Article
Abstract: In this research, mandatory and voluntary incentives of disclosure, in the financial statement as a whole, have been tested. A sample of 98 companies active in Tehran stock exchange (TSE) and audited by Iran Auditing Organization (IAO) selected to test the research hypotheses. Study period selected, 1379 and 1380, as the fiscal year of before and after of the obligation to comply audit manual partially revised to include audit risk management as a base for materiality threshold. Research results is showed statistically significant impact of disclosure variables, include materiality threshold, earning response coefficient (ERC), proprietary cost (pc), on the disclosure in the financial statements. But the impact for the amount of capital provided by the company was no statistically significant.

3 citations


Journal Article
Abstract: Financial evaluation is the part and parcel of the business performance evaluation and it is more tangibly discussed in the banking industry due to the central role that banks play in the supply and demand mechanisms of money and credit in the economic system.However, financial evaluation, by and large,has been confined to financial performance assessment. In this study, we present a tripartite framework for assessing and rating banks in accordance with their financial performance, financial strength and financial distress status using 33 criteria. We utilize entropy and TOPSIS methods respectively for weighting and rating of banks. We utilize data from ten commercial banks listed on Tehran Stock Exchange (TSE). The contributions of the study is two-fold. Firstly, we utilize diverse quantitative and qualitative factors to account for the financial performance, financial strength and financial distress positions of the banks which give new perspectives into the financial stability of the banks. Secondly, the proposedframework can be used extensively in the banking industry as well as other settings for short-term, medium-term and long-term evaluations.The result of the study shows that banks A10, A6 and A3 have averaged the best along all three ratings. KEYWORD Financial Performance, Financial Strength, TOPSIS, Rating, Banking. INTRODUCTION inancial stability evaluation is the fulcrum of the banks’ overall performance evaluation and its significance has been doubled since the failure of the banking system and the shattering of the creditors’ confidence due to the frailties in the banks’ governance structure and investors’ foci on *Corresponding Author: Amir HosseinRahdari E-mail: Ah.rahdari@modares.ac.ir Telephone Number: +98 9127197785 myopic short-term-oriented measures during the financial crisis.Financial industry is ranked as the third industry on Tehran Stock Exchange (TSE) based on market capitalization and banking is the most important sector of financial industry by taking 71% of the value of the industry [1]. While banks have outperform most of the other industries except for petrochemicals in the recent years, their financial ranking is based on a limited market-oriented model that cannot reflect their long-term financial viability. Furthermore, due the paucity of presence of local or International rating agencies in a number of developing countries including Iran, rating systems, frameworks and indices that enable researchers and professionals to evaluate financial performance of companies in a more effective and efficient manner are of great interest. Nonetheless, two precautions need to be taken. Firstly, the proposed rating systems should be both simple and applicable such that researcher and professionals can easily cultivate them using the available data. Secondly, it should be effective and can provide insightful information as to companies’ performance. There have been some efforts in evaluating the banks performance in Iran. For instance, Shaverdi used TOPSIS, VIKOR and ELECTRE and integrated them with BSC to evaluate the performance of three private banks. No significant difference was found between TOPSIS, VIKOR and ELECTRE rankings [2]. This study focuses on presenting a tripartite rating framework using Entropy-TOPSIS that evaluates financial performance, financial strength and financial distress using 33 criteria in the banking industry. The information required for such evaluation is publically available through financial statements and other reporting media. Our use of Piotroski’s construct is circumscribed to its criteria rather than its explanatory power and theoretical implications. Therefore, we use the appellation of financial distress rating for this construct.The rest of the paper is organized in the following manner. First, the chosen measures and the raison d'être behind their selection alongside the proposed tripartite financial rating framework will be explained. Then, the A Tripartite Financial Rating Framework for the Banking Industry: Financial Performance, Strength and Distress Rating Amir HosseinRahdari 1, *, Armin Vojoudi Nobakht 2 and Omid EsmailPour 3 1 Tarbiat Modares University, Tehran, Iran 2 AllamehTabatabaiUniversity, Tehran, Iran Islamic Azad University, Science and Research Branch, Qom, Iran

3 citations


Journal Article
Abstract: The aim of the study is examining the relationship between earnings management and earnings quality of companies listed on the Tehran Stock Exchange.Accruals on the one hand allow managers to determine the profit so that can reflect the firm's true value and on the other hand these items give authority to managersso that they are able to abused theflexibility of accepted accounting methods and principles and distorted the information content of earnings.Results is based on a survey of 40 companies in the period 1389 to 1393 shows that there is a significant relationship between earnings management and earnings quality companies listed on Tehran Stock Exchange. Therefore, the results indicate that increasing in the discretionary accruals is reduced from the amount of desirable characteristics of benefit. In the meantime, accruals quality will be affected by earnings management more than other properties. Moreover, an increase in the amount of discretionary accruals is associated with a reduction of quality scores of corporate profits.

3 citations



Network Information
Related Journals (5)
Management Science Letters

2.5K papers, 13.7K citations

75% related
Procedia. Economics and finance

3.4K papers, 36K citations

71% related
Asian Economic and Financial Review

964 papers, 6.2K citations

70% related
Theoretical and Applied Economics

1.4K papers, 6.1K citations

70% related
IOSR Journal of Business and Management

1.9K papers, 11.2K citations

69% related
Performance
Metrics
No. of papers from the Journal in previous years
YearPapers
20174
201626
201546
201422