Kaveh Kaviani; Mahdi Kaviani; Mohammad Arfaie
Abstract
The increasing growth of non-performing loans (NPLs) and the increase of their share in comparison to paid loans, and more importantly, the increase in the share of doubtful loan claims, have turned NPLs into one of the serious threats to banks and credit institutions. Considering the current situation ...
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The increasing growth of non-performing loans (NPLs) and the increase of their share in comparison to paid loans, and more importantly, the increase in the share of doubtful loan claims, have turned NPLs into one of the serious threats to banks and credit institutions. Considering the current situation in Iranian banks, the present study has investigated the effect of NPLs on the lending behavior of banks in the capital market of Iran. In order to achieve this goal, 14 banks were selected as a statistical sample for the period of 2014 to 2022. A regression analysis model was used to analyze the data, and the results show that the rate of NPLs and changes in NPLs have a negative and significant effect on bank lending.
Bardia Khalilian
Abstract
The transparency of financial information has always been propounded as one of the most effective variables to determine the investment strategy in the financial markets. In spite of this subject, managers as those who are responsible for preparing financial statements have always motivation to distort ...
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The transparency of financial information has always been propounded as one of the most effective variables to determine the investment strategy in the financial markets. In spite of this subject, managers as those who are responsible for preparing financial statements have always motivation to distort financial information for the purpose of protecting their interests. Among the actions of managers leading to the lack of transparency of financial information is the management or manipulation of earnings in the earnings. The purpose of this research is to investigate the effect of the lack of transparency of financial reporting and audit quality on the risk of falling stocks. For this purpose, the information of the companies in a timespan of 10 years ranged from 2012 to 2022 was examined and 113 companies were selected. In order to test the hypotheses of the research, multivariate regression method based on logistic analysis method and panel data has been used/conducted. The results suggest that the lack of transparency of financial reporting has a positive and significant effect on the risk of crash stocks, and the quality of auditing has a negative effect on the risk of crash stocks. management process, managers try to accumulate the negative news inside the firm and not to disclose it. When this mass of accumulated bad news reaches it's peak, it will suddenly enter the market and cause the stock price to fall. Also, high level auditors can reduce the risk of crash by playing a role as a mechanism of corporate governance system to reduce agency costs.
Shadi Sayadmanesh; Zahra Sadeghi
Abstract
The purpose of this research is to investigate the relationship between earnings quality and financial flexibility. Also, the effect of some corporate governance mechanisms on this relationship is experimentally tested. Multivariate linear regression was used to test the research hypothesis. The statistical ...
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The purpose of this research is to investigate the relationship between earnings quality and financial flexibility. Also, the effect of some corporate governance mechanisms on this relationship is experimentally tested. Multivariate linear regression was used to test the research hypothesis. The statistical population was 120 firms listed to the Tehran Stock Exchange during 2012-2021 (1200 firm-year observations). The research results showed that there is a negative and significant relationship between earnings quality and financial flexibility. In other words, as the earnings quality decreases, firms must holding more cash to provide their financial resources. Also, the results showed that corporate governance mechanisms such as the independence of the board of directors, the concentration of ownership and the audit committee have a positive moderating effect on this relationship. These results show that when earnings quality decreases, companies tend to hold cash less. Specifically, firms with low earnings quality reduce firms' financial flexibility. Hence, companies should provide high-quality earnings for greater financial flexibility. According to agency theory and positive accounting theory, the low quality of earnings is the source of increasing shareholders' concern about increasing information asymmetry that may negatively affect the firm's financial flexibility. Conversely, higher earnings quality reduces information asymmetry, which leads to higher financial flexibility. Based on the results, it can be said that corporate governance can be successful in fighting financial crises and smoothing business operations.
Seyed Fakhreddin Fakhrehosseini
Abstract
Capital structure is closely related with financial risks to its impact on company value, but in different conditions economic activities can be different and affect optimal capital structure decisions. Also, consideration of the variable ownership concentration on the choice of capital structure under ...
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Capital structure is closely related with financial risks to its impact on company value, but in different conditions economic activities can be different and affect optimal capital structure decisions. Also, consideration of the variable ownership concentration on the choice of capital structure under different business cycle conditions can be of interest. Therefore, the purpose of this article is to choice the capital structure of the companies in the capital market of Iran under the business cycle. The research period between 2009 and 2020 is for 144 companies. OLS, GLS and Generalized Method of Moments (GMM) tests have been used to analyze the data. The results show that the financial leverage has a positive relationship with the ratio of Tangibility assets, while it has a negative relationship with the firm size. Also, with the Hedrick & Prescot approach, in the business boom stage, the financial leverage did not have a positive relationship with profitability, but in the recession, the financial leverage had an inverse relationship with profitable and ownership concentration.
Sahar Hassania; Esmail Eghdami
Abstract
The main purpose of this research is to investigate the moderating role of corporate governance in the relationship between innovation and financial stability with the growth of banks admitted to the Tehran Stock Exchange. Based on this, the dependent variable of bank growth research is the independent ...
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The main purpose of this research is to investigate the moderating role of corporate governance in the relationship between innovation and financial stability with the growth of banks admitted to the Tehran Stock Exchange. Based on this, the dependent variable of bank growth research is the independent variables of financial innovation and financial stability and the moderating variable of corporate governance. This research is an applied research of descriptive correlation type. The statistical population is the banks admitted to the Tehran Stock Exchange. The information needed for the research was extracted from the financial statements of 9 sample banks in the period of 2014 to 2019 and analyzed using the combined regression method in EViews10 software. Examining the research model based on the generalized least squares method at the 95% confidence level showed that there is no significant relationship between financial innovation and bank asset growth. There is a positive and significant relationship between financial innovation and bank loan growth. There is a positive and significant relationship between financial innovation and bank income growth. There is no significant relationship between financial stability and bank asset growth. There is a positive and significant relationship between financial stability and bank loan growth. There is a positive and significant relationship between financial stability and bank income growth. Also, corporate governance does not play a moderating role in the relationship between innovation and financial stability with bank asset growth, bank loan growth and bank income growth.
Seyed Reza Seyed nezhad Fahim; Fatemeh Gholami Golsefid; Reza Otofat Shamsi
Abstract
The purpose of this research was to investigate the effect of emotional intelligence of employees on customer loyalty from the online platform with regard to the mediating role of relationship quality in the banks of Gilan province. The statistical population is all the customers and employees of banks ...
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The purpose of this research was to investigate the effect of emotional intelligence of employees on customer loyalty from the online platform with regard to the mediating role of relationship quality in the banks of Gilan province. The statistical population is all the customers and employees of banks who used the bank's online services in the period of the autumn season of 2021. According to the research, this number was 768 people. In order to estimate the sample size, the Cressy-Morgan table was used, based on which the number of people in the sample was determined to be 258 people. The results showed that emotional intelligence of employees affects the quality of relationships between customers and service providers. Also, the results showed that the emotional intelligence of service workers affects the quality of the relationship between customers and online platforms. The results indicate that the quality of the relationship between the customer and the service provider affects customer loyalty to the online platform. The quality of the relationship between customers and online platforms has a significant relationship on customer loyalty to online platforms. The results indicate that the quality of the relationship between the customer and online platforms plays a mediating role in the relationship between emotional intelligence of service employees and customer loyalty to online platforms. The results showed that the quality of the relationship between the customer and the service provider plays a mediating role between the emotional intelligence of service employees and customer loyalty to online platforms.
