Faramarz Niazi - Academia.edu (original) (raw)

Papers by Faramarz Niazi

Research Journal of Applied Sciences, Engineering and Technology, Jan 11, 2013

Timeliness of financial reporting of company has a significant importance in users view. One reas... more Timeliness of financial reporting of company has a significant importance in users view. One reason that makes researchers interested in study in this field is that audit report can cause delay in reporting financial statements. This study has been researched in the capital market of Iran (TSE) and has 1397 year-firm during 2004-2010. Results show that except debt ratio which its relationship with audit delay is rejected, all the rest like size of company, earning per share changes, industry, extraordinary figures, audit opinion have an significant relationship with audit delay.

International journal of economics and finance, Jul 1, 2012

The main objective of this study is to evaluate the relative and incremental information content ... more The main objective of this study is to evaluate the relative and incremental information content of earnings and operating cash flows in the companies listed in Tehran Stock Exchange. Moreover, the present study investigates the loss effect on the information content of earnings and operating cash flows. For this purpose, we investigate and analyze a sample of 475 firm-years from the companies listed in Tehran Stock Exchange during the years 2006-2010.The results indicate that, the earnings have more information content than operating cash flows in explaining stock returns. In addition, earnings model is preferable in explaining stock returns than operating cash flows model. Also, results show that earnings have positive effect and loss has negative effect on earnings information content and operating cash flows.

The aim of this study a comparison between the three models for the valuation of stocks in Tehran... more The aim of this study a comparison between the three models for the valuation of stocks in Tehran Stock Exchange. These three names PE, Olson or residual income and a Markov chain (Markov) are. Researchers in their study were to calculate the valuation of shares in the first two terms and then calculate the value of the enamel Markov chain to achieve a comparative mode. Result of research shows that almost in all cases, there is no significant difference between explanatory power of these models in determining shares value and investments in Tehran exchange market can for assessment of shares uses from these 3 models, but in most cases residual income assessment model by considering less standard error of regression can say, partly is better model in determining the company's value which maybe the main reason be have high explanatory power of two dependent profit variable overall, and book value of share holder's salary by using the overall accounting relation in comparison with two other models.

The aim of this study a comparison between the three models for the valuation of stocks in Tehran... more The aim of this study a comparison between the three models for the valuation of stocks in Tehran Stock Exchange. These three names PE, Olson or residual income and a Markov chain (Markov) are. Researchers in their study were to calculate the valuation of shares in the first two terms and then calculate the value of the enamel Markov chain to achieve a comparative mode. Result of research shows that almost in all cases, there is no significant difference between explanatory power of these models in determining shares value and investments in Tehran exchange market can for assessment of shares uses from these 3 models, but in most cases residual income assessment model by considering less standard error of regression can say, partly is better model in determining the company's value which maybe the main reason be have high explanatory power of two dependent profit variable overall, and book value of share holder's salary by using the overall accounting relation in comparison ...

In era of today’s knowledge-based economy, intangible assets of companies and their intellectual ... more In era of today’s knowledge-based economy, intangible assets of companies and their intellectual capital are important factor for achieving them to sustainable competitive advantage. Present study is aimed to determining effects of three variables of Intellectual Capital includes: Human, Communication and Structural Capital on Market value On Book value of Asset (Q) of Pharmaceutical Companies in Tehran Stock Exchange. In this research, it was measured Intellectual Capital using questionnaire of includes standard constructs and 96% reliability coefficient, and Q using Companies Financial Statements.The results have shown that, variables of Human and Communication Capital, have had 0.496 and 0.423 positive effects on Q, respectively, and variable of Capital Structure have not had any significant effect on Q. Finally, it is concluded remarks including discussion, summary of implications for managers, and directions for further work.

Research Journal of Applied Sciences, Engineering and Technology, 2013

Timeliness of financial reporting of company has a significant importance in users view. One reas... more Timeliness of financial reporting of company has a significant importance in users view. One reason that makes researchers interested in study in this field is that audit report can cause delay in reporting financial statements. This study has been researched in the capital market of Iran (TSE) and has 1397 year-firm during 2004-2010. Results show that except debt ratio which its relationship with audit delay is rejected, all the rest like size of company, earning per share changes, industry, extraordinary figures, audit opinion have an significant relationship with audit delay.

International Journal of Economics and Finance, 2012

Research Journal of Applied Sciences, Engineering and Technology, Jan 11, 2013

Timeliness of financial reporting of company has a significant importance in users view. One reas... more Timeliness of financial reporting of company has a significant importance in users view. One reason that makes researchers interested in study in this field is that audit report can cause delay in reporting financial statements. This study has been researched in the capital market of Iran (TSE) and has 1397 year-firm during 2004-2010. Results show that except debt ratio which its relationship with audit delay is rejected, all the rest like size of company, earning per share changes, industry, extraordinary figures, audit opinion have an significant relationship with audit delay.

International journal of economics and finance, Jul 1, 2012

The main objective of this study is to evaluate the relative and incremental information content ... more The main objective of this study is to evaluate the relative and incremental information content of earnings and operating cash flows in the companies listed in Tehran Stock Exchange. Moreover, the present study investigates the loss effect on the information content of earnings and operating cash flows. For this purpose, we investigate and analyze a sample of 475 firm-years from the companies listed in Tehran Stock Exchange during the years 2006-2010.The results indicate that, the earnings have more information content than operating cash flows in explaining stock returns. In addition, earnings model is preferable in explaining stock returns than operating cash flows model. Also, results show that earnings have positive effect and loss has negative effect on earnings information content and operating cash flows.

The aim of this study a comparison between the three models for the valuation of stocks in Tehran... more The aim of this study a comparison between the three models for the valuation of stocks in Tehran Stock Exchange. These three names PE, Olson or residual income and a Markov chain (Markov) are. Researchers in their study were to calculate the valuation of shares in the first two terms and then calculate the value of the enamel Markov chain to achieve a comparative mode. Result of research shows that almost in all cases, there is no significant difference between explanatory power of these models in determining shares value and investments in Tehran exchange market can for assessment of shares uses from these 3 models, but in most cases residual income assessment model by considering less standard error of regression can say, partly is better model in determining the company's value which maybe the main reason be have high explanatory power of two dependent profit variable overall, and book value of share holder's salary by using the overall accounting relation in comparison with two other models.

The aim of this study a comparison between the three models for the valuation of stocks in Tehran... more The aim of this study a comparison between the three models for the valuation of stocks in Tehran Stock Exchange. These three names PE, Olson or residual income and a Markov chain (Markov) are. Researchers in their study were to calculate the valuation of shares in the first two terms and then calculate the value of the enamel Markov chain to achieve a comparative mode. Result of research shows that almost in all cases, there is no significant difference between explanatory power of these models in determining shares value and investments in Tehran exchange market can for assessment of shares uses from these 3 models, but in most cases residual income assessment model by considering less standard error of regression can say, partly is better model in determining the company's value which maybe the main reason be have high explanatory power of two dependent profit variable overall, and book value of share holder's salary by using the overall accounting relation in comparison ...

In era of today’s knowledge-based economy, intangible assets of companies and their intellectual ... more In era of today’s knowledge-based economy, intangible assets of companies and their intellectual capital are important factor for achieving them to sustainable competitive advantage. Present study is aimed to determining effects of three variables of Intellectual Capital includes: Human, Communication and Structural Capital on Market value On Book value of Asset (Q) of Pharmaceutical Companies in Tehran Stock Exchange. In this research, it was measured Intellectual Capital using questionnaire of includes standard constructs and 96% reliability coefficient, and Q using Companies Financial Statements.The results have shown that, variables of Human and Communication Capital, have had 0.496 and 0.423 positive effects on Q, respectively, and variable of Capital Structure have not had any significant effect on Q. Finally, it is concluded remarks including discussion, summary of implications for managers, and directions for further work.

Research Journal of Applied Sciences, Engineering and Technology, 2013

Timeliness of financial reporting of company has a significant importance in users view. One reas... more Timeliness of financial reporting of company has a significant importance in users view. One reason that makes researchers interested in study in this field is that audit report can cause delay in reporting financial statements. This study has been researched in the capital market of Iran (TSE) and has 1397 year-firm during 2004-2010. Results show that except debt ratio which its relationship with audit delay is rejected, all the rest like size of company, earning per share changes, industry, extraordinary figures, audit opinion have an significant relationship with audit delay.

International Journal of Economics and Finance, 2012