• Article Information/
  Abstract

 Original Article, C1
Sadig S, Pakmaram A, Jabbarzadeh S.
J. Appl. Bus. Fin. Res. 3(1): 01-10, 2014

ABSTRACT: Cash is an important and vital source in each profit seeking company, Balance the between available Cash and cash needs is the most important factor in entity economic health. Since, weather firms that aren't holding adequate cash and firms are holding more cash, have some problems. Because of that this study investigate the effect of some corporate governance mechanisms (board independence, board size board expertise, institutional ownership and ownership concentration) and financial constraint on cash holding level in Tehran stock Exchange listed companies. To achieving for this research purpose, 83 companies during 5 year 2007 to 2011 were examined. The results suggest that the effect of financial expertise, institutional ownership, ownership concentration and financial constraint has positive and significant effect on Tehran stock Exchange listed companies, but board independence and board size on cash holding level is ineffective in on Tehran stock Exchange listed companies. Founding present that increase in corporate governance quality caused that cash holding level decreased.
Key words: Corporate governance, Financial constraints, Cash holding level

Original Article, C2
Heidarpoor F, Davodi M.
J. Appl. Bus. Fin. Res.. 3(1): 11-18, 2014

ABSTRACT: This paper has been investigated effect of ownership structure on overinvestment of companies in Tehran Stock Exchange. Statistical society includes all companies accepted in Tehran stock exchange over the period 2007-2011. This research has been performed in three phases. In first phase, the expected investment by each company was determined and then overinvestment by the sample companies was determined too.  In the next phase, the type of the ownership structures of those companies that had taken action for overinvestment was determined and in last phase, the research hypotheses were tested using regression model. This works shows that there is a positive and significant relationship between institutional ownership and overinvestment and there is a significant, reverse or negative relationship between the managerial ownership and overinvestment. It has been shown that there is no significant relationship between major ownership and overinvestment.
Key words: Ownership Structure, Overinvestment

• Original Article, C3
  Rasoli M. and Jafari A.
  J. Appl. Bus. Fin. Res. 3(1): 19-22, 2014

ABSTRACT: The main aim of this study was to evaluate the dimensions of production quality in customers’ loyalty toward the brand; thus, the production quality dimensions model has been tested in the stated community. The statistical community of the study is consisted of all L.G gas- cooler vendors of Tabriz city which 200 people were evaluated from this statistical community. The real trend of the study is an applied research and its time horizon is single- section and standard questionnaire has been used to gather data in this regard. the dimensions of quality in this research including: production performance, reliability, durability, aesthetic easiness and brand value; the obtained results  after completing spearman correlative coefficient by SPSS software in the study representing that the product quality is effective in the customers loyalty.
Key words: Loyalty on brand, Product performance, Product reliability, Aesthetic, Brand value

• Original Article, C4
  Ameeri S, Pakmaram A, Jabbarzadeh S.
  J. Appl. Bus. Fin. Res. 3(1): 23-32, 2014

ABSTRACT: In decision making, investors rely on quality and quantity and disclosed information timeless from corporate governance. The manner of investors with this information and their decisions shape demand and supply volume and buy and sell offering price. The corporate governance is one of the most influential factors on the difference of buying and selling price of corporation stock. The difference of buying and selling offered price is also one of the most important liquidity criteria of corporation stock. Therefore, the purpose of this study is the evaluation of the effect of board characteristic and ownership structure on stock liquidity of Tehran stock exchange listed companies. For achievement to the purpose of this research studied 83 companies during five years from 2007 to 2011. The results of the study represent positive and significance relationship between the board independence, the institutional stockholder, the government ownership and authority with stock liquidity.
Key words: Corporate Governance, Board Characteristic, Ownership Structure, Stock Liquidity