Capital structure plays an important role on market growth investigation. In this paper, we investigate the relationship between capital structure as dependent variable and seven independent variables including tax rate, firms & apos; growth rate, fixed assets, firms & apos; size, operating risk, profitability and industry type. The proposed study of this paper uses the financial information of 107 selected companies from 18 different industries listed on Tehran Stock Exchange over the period of 2004-2011 covering 40% of total number of companies listed in this stock exchange. We use ordinary least square technique to study the relationships. The results of the survey indicate that the there is a positive relationship between tax rate and firm & apos; s growth rate, and capital structure. The result of the survey also indicates there is a negative relationship between firm & apos; s profitability and capital structure. However, there is no evidence to believe that there was any relationship between fixed assets and capital structure. We have also concluded that there was a negative relationship between firm & apos; s profitability and capital structure but the results of our survey did not indicate that there was any difference between the mean of profitability in various sectors.

This research investigates the relationship between auditor’s opinion and stock return in the companies listed at Tehran stock exchange market. In this study, all required data are collected from aware shareholders and provide a sampling of 130 questionnaires, the data collected over the period 2010-2011 using test methods such as computer software, data analysis and statistical methods to answer research questions. According to research result through questionnaires and tests, there is a significant relationship between stock returns and the auditor & apos; s opinion, in fact, for aware shareholders of the company the auditor’s opinion has a special message. This message is based on the results of study hypothesis in comparison with previous research with regard to changes in the questionnaire and provides assumptions that are more detailed. The first finding is that unqualified audit report has a positive impact on stock returns of companies with a medium to low degree. Adverse audit report has a negative impact on stock returns of companies with medium to high degree. Disclaimer of audit report has a negative impact on stock returns of companies with medium to high degree. Finally, qualifying paragraphs, which modified the items of income statement items have more impact in comparison with qualifying paragraphs which modified the Balance Sheet items.

During the past few years, there have been different changes in global market due to fast development of science and technology. These changes have increased competition among all existing companies and it has made it difficult for new rivals to gain market share. This paper tries to identify the opportunities and threats of technology transfer in one of world’s fastest growing gas development regions called Pars Special Economic Energy Zone. The proposed model of this paper first identify important factors influencing both opportunities as well as threats and then uses analytical hierarchy process to rank all factors. The results show that the threats were more important than the existing opportunities and among the most important threats, embargo and sales of oil were the most important ones.

This paper presents a supply chain management by considering efficiency in the system. The proposed study considers two objective functions where the first one maximizes the efficiency of the supply chain and the second one minimizes the cost of facility layout as well as production of different products. In order to measure the relative efficiency, the study uses the method developed by Klimberg and Ratick (2008) [Klimberg, R. K., & Ratick, S. J. (2008). Modeling data envelopment analysis (DEA) efficient location/allocation decisions. Computers & Operations Research, 35(2), 457-474.]. The study has been formulated as a mixed integer programming and the implementation of the proposed model has been demonstrated using some numerical example. The preliminary results indicate that it was possible to increase the efficiency of supply chain without increase the supply chain expenses.

For many years, investors used some basic financial ratios to measure the relative performance of various active industries based on two-digit ISIC classification. However, direct implementation of basic financial figures may not be practical in today & apos; s business environment since investors face with different criteria. The proposed model of this paper uses Technique for Order Preference by Similarity to Ideal Solution (TOPSIS) to compare 37 various industries based on different financial figures. We gather the necessary data over the period of 2009-2010 from Tehran Stock Exchange and investigate the data in two stages. In the first stage, we perform fundamental analysis to select the most appropriate firms and the in the second stage, we use TOPSIS to rank selected firms based on different criteria. The results of the study confirm that information and communication technology, which is one of the biggest firms in this exchange is considered as the best option (relative ranking 0.88 in two years) followed by some Cement industry (with relative ranking of 0.26 in 2009 and 0.19 in 2010) and oil refinery units (with relative ranking of 0.23 in 2009 and 0.19 in 2010). The figure also shows that other firms maintain low ratios varied from 0.23 to 0.01. The lowest industry ranking belongs to marine industry.

Branding in food industry has been a major concern among food suppliers. During the past few years, there have been strong competitions among business developers to gain market share through increasing the value of their brand. In this paper, we present an empirical investigation to learn more about the relationship between brand experiences on consumer purchase experiences. The study selects a sample of 206 people who are regular customers of two well-known suppliers, Shahrvand and Hyperstar, in city of Tehran, Iran. Using structural equation modeling, the study examines six hypotheses and the results confirm that an increase on brand loyalty, brand attribute, pricing factors, product performance attributes, brand associate and brand position will increase purchasing intention, significantly.

One of the major challenges facing all of individuals and organizations is decision-making based on the information. The issues of priority about cash flows and accruals data in decision-making process for different groups of financial statement users include investors, creditors, shareholders, directors, etc. one of the issues that has been controversial between accrual and cash accounting advocators for a long time. In this study, we survey the role of accruals and operating cash flows in decisions of financial statement users in listed companies on Tehran stock exchange, information content of operating cash flows and accruals in the connection with decision-making criteria used by different groups using financial statement has been examined. In this study, we use eliminating sampling and implied limitations and the sample size includes 203 companies to examine six hypotheses. The results of this research indicate that there is a significant different between accruals and operating cash flows information content in relation to various decision-making criteria but utilizing accruals and operating cash flows supplementary and simultaneously in profit frame depending on the selection criteria may or may not be include information value-added.

Developing an Enterprise Architecture is a complex task and to control the complexity of the regulatory framework we need to measure the relative performance of one system against other available systems. On the other hand, enterprise architecture cannot be organized without the use of a logical structure. The framework provides a logical structure for classifying architectural output. Among the common architectural framework, the C4ISR framework and methodology of the product is one of the most popular techniques. In this paper, given the existing uncertainties in system development and information systems, a new version of UML called Fuzzy-UML is proposed for enterprise architecture development based on fuzzy Petri nets. In addition, the performance of the system is also evaluated based on Fuzzy sequence diagram.

This research studies the effects of performance criteria (accounting, market and economy) on the quality of financial reporting in Iran. To evaluate the variable financial reporting quality, the scores given to each company are applied based on the checklist introduced by Iranian Association of Certified Public Accountants and used for the disclosure of the information of the annual financial statements of companies. The statistical population of this research consists of the companies listed on Tehran Stock Exchange over the period 2006-2011. This research, which is classified as applied research, uses the methods of multivariate regression test. The data and hypotheses of this research are analyzed and tested using correlation test and means difference test. The results of the tests conducted on 99 companies indicate that there is a significant and positive relation between the rate of return on equity and the equality of financial reporting. There is also a significant and positive relation between earnings per share and the equality of financial reporting. However, there is no relationship between QTOBIN and the equality of financial reporting. Finally, our results indicate there is a significant and positive relation between market value-added and the equality of financial reporting.

Understanding customers’ behavior normally helps planning better marketing strategies, which could lead to an increase in market share and profitability. Loyal customers are always considered as the most important assets for any firm. This paper presents a survey to detect factors influencing the formation of loyal customers’ mental image. The proposed study uses factor analysis to determine these factors by designing a questionnaire and distributing among some loyal customers who do banking business in Bank Melli Iran located in city of Tehran, Iran. The results indicate that there were eight important factors influencing customer loyalty including social status, business identity, brand strength, the contract role, organizational benefit, consumer rights, organizational image and supporting power.