1. |
An investigation on the effect of supply chain management on innovation and performance: A case study of holding firm
, Pages: 407-410 Farhad Hanifi, Seyed Mojtaba Mahmoudzadeh and Reza Sheikhi PDF (296 K) |
Abstract: This paper presents a survey on relationship between supply chain management and innovation in an Iranian holding firm in auto industry named Iran Khodro. The study designs a questionnaire in Likert scale and using random sampling technique, distributes 250 questionnaires among some managers of this holding firm. The study consists of three parts including supply chain management, innovation and organizational performance. The study uses regression technique as well as structural equation modeling and it has detected that there were some strong and positive relationship between supply chain management and innovation. In addition, the result of the survey indicates that there was some positive and meaningful relationship between supply chain management and organizational performance. DOI: 10.5267/j.msl.2014.1.033 Keywords: Supply chain management; Innovation; Organizational performance |
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2. |
An empirical investigation on leanness of production planning
, Pages: 411-416 Jamshid Salehi Sadaghiani, Hamed pourbakhsh, Hassan khodaei valehzaghard and Pantea Salehi Sadaghiani PDF (296 K) |
Abstract: One of the most important issues in production planning is to reduce waste materials as much as possible. This helps reduce all necessary expenses and increase productivity and efficiency. This paper presents an empirical investigation to find important factors for reaching lean production planning. The proposed study determines nine different factors including information technology, organization and leadership, human resources development, inventory management, total quality management, process management, equipment management, maintenance engineering. In order to find out the effects of these factors, the study designs a questionnaire and distributes it among some managers in producer of radiator in Iran. Cronbach alpha is equal to 0.86, which validates the questionnaire. Using some statistical observations, the study has confirmed that all mentioned factors influences production planning, positively. DOI: 10.5267/j.msl.2014.1.032 Keywords: Lean production; Production planning; Total quality management |
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3. |
Investigating the effects of personal entrepreneurial characteristics
, Pages: 417-420 Masoumeh Sadat Abtahi, Mohammadreza Karamipour and Kobra Abbasi PDF (296 K) |
Abstract: This paper presents an empirical investigation to study the impacts of personal entrepreneurial characteristics including “Need to succeed”, “Idea fluency” and “Pragmatism” among students who were enrolled in different fields at Islamic Azad University of Zanjan, Iran. Using a standard questionnaire, which is modified for Iranian culture, the study measures the effects of three factors. The results of Kolmogorov-Smirnov indicate that all three variables of the survey were normally distributed. The results of t-student test for “Need to succeed” is equal to 28.623 with df = 349 and Sig. = 0.000, which is statistically significant. In addition, t-student test for “Idea fluency” is equal to 16.124 with df = 349 and Sig. = 0.000, which is also statistically significant. Finally, the results of t-student test for “Pragmatism” is equal to 31.255 with df = 349 and Sig. = 0.000, which is statistically significant. The findings indicate that the participants hold relatively high level of personal entrepreneurial characteristics. DOI: 10.5267/j.msl.2014.1.031 Keywords: Personal entrepreneurial characteristics; Idea fluency; Need to succeed; Pragmatism |
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4. |
A study on the effect of green marketing on consumers’ purchasing intention
, Pages: 421-424 Mehdy Fallah and Mohammad Reza Ebrahimi PDF (296 K) |
Abstract: During the past two decades, there have been significant damages on environment such as ozone layer depletion, global warming effects, etc. and people are getting more concerned about taking necessary actions to help environment. The purpose of this paper is to study the effect of green marketing on consumers’ purchasing intention in dairy industry. The proposed study designs a questionnaire and distributes it among 154 randomly selected people who purchase dairy products in four different regions of city of Babol, located in north region of Iran. Using structural equation modeling, the study has detected that green marketing influences on consumers’ purchasing intention, positively. DOI: 10.5267/j.msl.2014.1.030 Keywords: Green Management; Consumers’ purchasing intention; Dairy industry |
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5. |
Investigating the role of conflict management strategy on development of cooperative management
, Pages: 425-428 Hosseinali Aziziha, Ali Khodsetan, Mahsan Hajirasouliha, Ashkan Faraji, Milad Isakhani Zakaria Seyed Shahab Mousavi PDF (296 K) |
Abstract: This paper presents an empirical study to investigate the effect of conflict management strategies on development of cooperative culture in one of Iranian auto industries. The proposed study adopts a Putnam and Wilson’s questionnaire (1982) [Putnam, L. L., & Wilson, C. E. (1982). Communication strategies in organizational conflicts: Reliability and validity of a measurement scale. Communication Yearbook, 6, 629-652.] for measuring different components of conflict management. In addition, the study also designs a questionnaire for measuring cooperative culture. Cronbach alphas are calculated for conflict management and cooperative cultures as 0.76 and 0.79, respectively. Using Spearman correlation ratio as well as regression technique, the study has determined that three components of conflict management strategies including cooperation, competition and compromise could significantly contribute of development of cooperative culture. DOI: 10.5267/j.msl.2014.1.029 Keywords: Conflict management; Cooperative culture; Auto industry |
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6. |
Factors influencing the alignment of accounting information systems of accepted manufacturing firms in Tehran Stock Exchange
, Pages: 429-438 Fazel Tamoradi PDF (296 K) |
Abstract: The primary objective of this paper is to detect factors influencing the alignment of accounting information systems for firms in manufacturing sector listed on Tehran Stock Exchange. The concept of alignment has been investigated for many years, and strategic alignment plays essential role in increasing company performance. This paper investigates different levels of alignment and studies the factors, which influence alignment. More specifically, the work concentrates on the alignment between the requirements for accounting information (AIS requirements) and the capacity of accounting systems (AIS capacity) to build the information, in the specific context of manufacturing in Iran. The research sample consists of 216 companies over the period 2011-2007. The fit between these two sets was explored based on the moderation method and evidences indicate that AIS alignment in some firms was high. In addition, the relationship between the dependent variable and independent variables through multiple regressions yields a positive relationship between these variables. DOI: 10.5267/j.msl.2014.1.028 Keywords: Accounting information system; Management accounting system alignment; Fit; Organizational information processing theory; Developing countries |
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7. |
The role of market orientation on market chaos: A case study fast food industry
, Pages: 439-442 Mona Hosseinzadeh, Masoumeh Sadat Abtahi and Kamran Nourbakhsh PDF (296 K) |
Abstract: This paper investigates the effect of market orientation on small businesses active in fast food industry. Using a simple random method, the study selects a sample 278 fast food units out of approximately 1000 existing restaurants in city of Tehran, Iran. The proposed study designs a questionnaire in Likert scale and distributes it among regular fast food consumers. Using structural equation modeling, the study has detected that there were positive and meaningful relationships between continuous changes on consumer preferences on products and services on one side and market orientation on the other side. DOI: 10.5267/j.msl.2014.1.027 Keywords: Market orientation; Food industry; Consumer preferences |
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8. |
The role of empowering organization capabilities on efficiency of new product development
, Pages: 443-446 Hoda Nikakhtar, Reza Aghamousa and Fataneh Alizadeh Meshkani PDF (296 K) |
Abstract: This paper presents an empirical investigation on the effects of empowering organizational capabilities on new product-development efficiency improvement and the proposed study is applied in one of Iranian food producers in city of Tehran, Iran. The study considers seven components including technological capabilities, marketing mix capabilities, capabilities for communication with customers, quality of new products, fast entry to market capabilities, customer satisfaction and economic success. The study designs a questionnaire in Likert scale and distributes it among 384 randomly selected people who regularly use different food products. Cronbach alphas for all components of the survey are within acceptable limits and it confirms the overall questionnaire in terms of various questions. The study has used t-student test as well as structural equation modeling to examine different hypotheses of the survey. DOI: 10.5267/j.msl.2014.1.026 Keywords: Product development; Food industry; Iran |
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9. |
The role of television in institutionalization of human resources principles in Iranian general policies of administrative system
, Pages: 447-458 Javid Imani, Reza Najaf Beygi, Areyan Gholiopour and Ali Akbar Farhangi PDF (296 K) |
Abstract: “Iranian general policies of administrative system” is the mediator between the Islamic Republic of Iran vision in 2025 horizon and the practical field for establishing executive policies and laws, which is notified in 26 sections. This research aims to study the effects of television on institutionalization of six items of human resources principles in Iranian general policies of administrative system including human dignity, organizational justice, meritocracy, knowledge-basis, giving services in the deprived regions and honoring the retired. Research society consists of the management pundits familiar with media concepts. According to Grounded Theory and snowball sampling, 32 experts were interviewed and the institutionalization of human resources principles in Iranian general policies of administrative system model by television was extracted. The model discloses there has not been optimal utilization of television capacities for expressing the human resources principles in Iranian general policies of administrative system, but it is possible to use the capacity of television in planning and implementing these general policies. Considering the infrastructure and using appropriate strategies, television as the most influential mass media can be used in the axial issue, that is, the institutionalization of human resources principles in Iranian general policies of administrative system. It is crucial to notice the role of intervening factors in this area. DOI: 10.5267/j.msl.2014.1.025 Keywords: Human resources; Institutionalization; Iran; Television; The general policies of administrative system |
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10. |
A study on effects of organizational learning on organizational innovation: A case study of insurance industry
, Pages: 459-464 Maryam Marvasti , Neda Nafari and Ali Kavousi PDF (296 K) |
Abstract: This paper presents an empirical investigation to study the relationship between organization learning and organization innovation in one of Iranian insurance firm. The proposed study selects a sample of 300 employees who work for different positions for the case study of this paper and using Pearson correlation as well as Freedman tests determines the relationship and ranks different components of the survey. The results of this implementation have indicated that organization innovation influences on organizational learning, data distribution, interpretation and memory significantly but the effect of organizational innovation on data collection cannot be confirmed when the level of significance is five or even ten percent. The implementation of Freedman test has also indicated that Information interpretation is number priority followed by information learning, organizational distribution and organizational memory. DOI: 10.5267/j.msl.2014.1.024 Keywords: Organizational learning; Organizational innovation; Insurance industry |
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11. |
A Monte Carlo simulation technique to determine the optimal portfolio
, Pages: 465-474 Hassan Ghodrati and Zahra Zahiri PDF (296 K) |
Abstract: During the past few years, there have been several studies for portfolio management. One of the primary concerns on any stock market is to detect the risk associated with various assets. One of the recognized methods in order to measure, to forecast, and to manage the existing risk is associated with Value at Risk (VaR), which draws much attention by financial institutions in recent years. VaR is a method for recognizing and evaluating of risk, which uses the standard statistical techniques and the method has been used in other fields, increasingly. The present study has measured the value at risk of 26 companies from chemical industry in Tehran Stock Exchange over the period 2009-2011 using the simulation technique of Monte Carlo with 95% confidence level. The used variability in the present study has been the daily return resulted from the stock daily price change. Moreover, the weight of optimal investment has been determined using a hybrid model called Markowitz and Winker model in each determined stocks. The results showed that the maximum loss would not exceed from 1259432 Rials at 95% confidence level in future day. DOI: 10.5267/j.msl.2014.1.023 Keywords: Risk; Risk Management; Value at Risk; Simulation; Monte Carlo-simulation |
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12. |
When consumers love their brands: Exploring the consumers’ emotional characteristics on purchasing Apple mobile devices
, Pages: 475-478 Hosseinali Aziziha, Ashkan Faraji, Milad Isakhani Zakaria, Mahsan Hajirasouliha and Seyed Shahab Mousavi PDF (296 K) |
Abstract: This paper presents an empirical study to investigate the effect of emotional intelligence on customer’s adoption of Apple mobile devices. The study considers fife emotional dimensions including emotional management, self-adjustment, empathy, social skills and self-motivation using a standard questionnaire developed by Goleman (2006) [Goleman, D., & Sutherland, S. (1996). Emotional Intelligence: Why it can matter more than IQ. Nature, 379(6560), 34-34]. The study also uses another questionnaire, which measures love brand and both questionnaires are designed in Likert scale. Cronbach alphas for emotional intelligence and love brand are measured as 0.78 and 0.83, respectively, which are above the acceptance level of 0.70. Therefore, we can confirm the validity of both questionnaires. The study is implemented among 384 people who use Apple mobile device, randomly and using Spearman correlation ratio as well as stepwise regression techniques, the study has detected a positive and meaningful relationship between emotional intelligence and love brand for Apple mobile devices. DOI: 10.5267/j.msl.2014.1.022 Keywords: Emotional intelligence; Love brand; Apple mobile device |
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13. |
An application of Huber model on the effect of psychological empowerment of employees on organizational learning
, Pages: 479-484 Mahdie Mirzaiefar PDF (296 K) |
Abstract: The purpose of this descriptive–survey study is to determine the effect of psychological empowerment of employees on organizational learning based on Huber model. The study selects a sample of 54 people randomly from 499 regular employees of a Gas distribution firm located in province of Lorestan, Iran. For collecting data, two questionnaires of Huber organizational learning and psychological empowerment based on Spreitzer (1995) model [Spreitzer, G. M. (1995). Psychological empowerment in the workplace: Dimensions, measurement, and validation. Academy of management Journal, 38(5), 1442-1465.] are used. Cronbach’s alpha coefficients of organizational and psychological empowerment questionnaires are 0.706 and 0.92, respectively. SPSS software and linear regression test, binomial test, Pearson correlation test, and Friedman tests are used to analyze data and examine the hypotheses. The results of the data analysis show that psychological empowerment of employees could influence on organizational learning aspects in organization, significantly. DOI: 10.5267/j.msl.2014.1.021 Keywords: Psychological empowerment; Learning – organizational learning; Knowledge distribution; Knowledge interpretation; Knowledge achievement; Organizational memory |
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14. |
An investigation on effects of perceived value on brand popularity and brand loyalty: A B2B case study
, Pages: 485-492 Zakaria Karimi Rad, Seyyed Majid Elahi and Morteza Gholami Tazeabad PDF (296 K) |
Abstract: This research evaluates the effect of perceived value on brand popularity and brand loyalty for some organizations in business-to-business (B2B) domain under the effect of risk and e-service quality. The practical relationships among six different kinds of risks including performance, social, financial, time, psychological and safety with consideration of quality in e-commerce business on customer’s perceived value are evaluated and the effects of this perception of value on consequences of perceived value are measured. In this study, using the partial least square method as well as gathering the information of some Iranian firms that use electronic services, the study finds that there was a significant relationship between various types of risks and perceived value. There is also considerable influence of perceived value on satisfaction, brand popularity, and brand loyalty. DOI: 10.5267/j.msl.2014.1.020 Keywords: Perceived Value; Risk; Brand popularity; Brand Loyalty; B2B |
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15. |
A fuzzy mixed integer programming for marketing planning
, Pages: 493-496 Abolfazl Danaei, Mohammad Hemmati and Ghazaleh Naseri Kohneshahri PDF (296 K) |
Abstract: One of the primary concerns to market a product is to find appropriate channel to target customers. The recent advances on information technology have created new products with tremendous opportunities. This paper presents a mixed integer programming technique based on McCarthy's 4PS to locate suitable billboards for marketing newly introduced IPHONE product. The paper considers two types of information including age and income and tries to find the best places such that potential consumers aged 25-35 with high income visit the billboards and the cost of advertisement is minimized. The model is formulated in terms of mixed integer programming and it has been applied for potential customers who live in city of Tabriz, Iran. Using a typical software package, the model detects appropriate places in various parts of the city. DOI: 10.5267/j.msl.2014.1.019 Keywords: Marketing planning; GIS system; Mixed integer programming; IPHONE |
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16. |
An investigation on the effects of brand equity, trust, image and customer satisfaction on regular insurance firm customers’ loyalty
, Pages: 497-502 Hamid Reza Saeednia and Parinaz Masoumi PDF (296 K) |
Abstract: Brand plays essential role on the success of most organizations and it has been considered as organizational assets. Therefore, brand management is important in today’s structure of organizations. A good brand helps gain new customer and future preferences, which leads to customer retention. Brand loyalty is one of the most important components of brand management. It can raise firm’s market share and it has close relationship with firm’s return of investment and profits. This research tries to answer this question and finds out more about the relationship between customer satisfaction, trust, brand equity, brand image and customer loyalty. The study uses a sample of 384 regular customers who use insurance services in Iran. Using Pearson correlation ratio as well as structural equation modeling, the study has detected positive and meaningful relationship between brand equity and other factors such as customer satisfaction, trust, etc. DOI: 10.5267/j.msl.2014.1.018 Keywords: Brand loyalty; Brand equity; Trust |
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17. |
An investigation on how to estimate future cash flows: Evidence from Tehran Stock Exchange
, Pages: 503-506 Roghayeh Ahmdi Panah Banad Koki and Iman Jokar PDF (296 K) |
Abstract: This paper presents an empirical investigation to predict future cash flows using present cash flow and accruals using the information of 96 selected firms listed on Tehran Stock Exchange over the period 2007-2011. The proposed study uses linear regression techniques to forecast future cash flow and the results indicate that cash flow and accruals together could provide more power to forecast cash flow. In addition, accrual provides future cash flow better than cash flow. The survey also performs an investigation on discretionary accrual and finds that the firms with higher accruals maintain lower return compared with firms with lower return. This means there is a clear evidence of discretionary accruals on Tehran Stock Exchange. DOI: 10.5267/j.msl.2014.1.017 Keywords: Discretionary Accruals; Tehran Stock Exchange; Future Cash flow |
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18. |
An investigation on solving cooperative problem solving
, Pages: 507-510 Masoumeh Sadat Abtahi PDF (296 K) |
Abstract: One of the most important techniques to improve teaching skills is to use cooperative problem solving (CPS) approach. Implementing CPS techniques in elementary schools helps us train more creative generations. This paper presents an empirical investigation to find out how much elementary teachers use CPS techniques at different schools located in city of Zanjan, Iran. The study designs a questionnaire and distributes it among 90 volunteers out of 120 teachers who were enrolled in elementary schools. The study analyzes the data using some basic statistics and the result indicates that teachers maintain an average CPS score of 39.37, which is well above the average level. The study provides some guidelines for exploring teachers CPS’s capabilities. DOI: 10.5267/j.msl.2014.1.016 Keywords: CPS; Cooperative problem solving; Elementary schools |
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19. |
A comparative evaluation of relationship between institutional ownership and compositional performance indices in different stages of Iranian corporations’ life cycle
, Pages: 511-520 Hassan Ghodrati and Bahareh Nazemi PDF (296 K) |
Abstract:
This article evaluates the relationship between institutional ownership and compositional performance indices in company life cycle among corporations accepted in Tehran Stock Exchange comparatively. In representation relations owner’s goal in maximum wealth; therefore, the goal controls the representative work and evaluates his performance. The statistical society in this research consists of corporations accepted in Tehran Stock Exchange over the period 2006-2010. A cross-sectional regression of corporations is obtained and along with different stages of life cycle, their variance is analyzed. The results of this research indicate that: DOI: 10.5267/j.msl.2014.1.015 Keywords: Institutional ownership; Life cycle; Compositional performance |
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20. |
Comparative analysis of sticky SGA costs and cost of goods sold: Evidence from Tehran Stock Exchange
, Pages: 521-526 Majid Zanjirdar, Zahra Madahi and Parvaneh Khaleghi Kasbi PDF (296 K) |
Abstract: One of the primary assumptions in accounting industries is to expect an increase (decrease) in cost of production is proportion to increase (decrease) in sales revenue. However, there are some evidences that the cost of production does not decrease with the same trend as revenue decreases. This phenomenon is called sticky behavior since the cost of production in not reduced as the sales decreases especially in operating as well as administration department. In this paper, we present an empirical investigation to study sticky behavior on 70 selected firms from Tehran Stock Exchange over the period 2002-2011. The results indicate that sales and general administration cost (SGA) as well as the costs of sold goods strongly have sticky behaviors. DOI: 10.5267/j.msl.2014.1.014 Keywords: Sticky Costs; Cost Behavior; SGA Cost; Cost of Goods Sold; Tehran Stock Exchange |
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21. |
Measuring the effects of electronic learning components using ANFIS method
, Pages: 527-532 Mahdi Bahrami, Mir Mehrdad Peidaie and Nazanin Pilevari PDF (296 K) |
Abstract: Electronic learning is getting popular in the world and more universities are offering various courses through internet. This paper presents an empirical investigation on effectiveness of electronic courses in one of Iranian universities whose students were enrolled on electronic learning. The proposed study designs a questionnaire to measure the effects of this program in terms of teaching, administration and electronic content, and distributes it among 354 randomly selected students. Cronbach alpha has been calculated as 0.97, which is well above the minimum acceptable level. The study gathers all inputs in Likert scale in terms of linguistic variables. The study uses ANFIS to measure to analyze the data and the results indicate that electronic learning itself maintains the highest popularity among students (0.618) followed by electronic content (0.569) and administration efforts (0.563). DOI: 10.5267/j.msl.2014.1.013 Keywords: Electronic learning; Islamic Azad University; Electronic content |
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22. |
Information systems validation using formal models
, Pages: 533-542 Azadeh Sarram and Ali Harounabadi PDF (296 K) |
Abstract: During the past few years, there has been growing interest to use unified modeling language (UML) to consider the functional requirements. However, lacking a tool to detect the accuracy and the logic of diagrams in this language makes a formal model indispensable. In this study, conversion of primary UML model of a system to a colored Petri net has been accomplished in order to examine the precision of the model. For this purpose, first the definition of priority and implementation tags for UML activity diagram are provided; then it is turned into colored Petri net. Second, the proposed model provides translated tags in terms of net transitions and some monitoring are used to control the system characteristics. Finally, an executable model of UML activity diagram is provided so that the designer could simulate the model by using the simulation results to detect and to refine the problems of the model. In addition, by checking the results, we find out the proposed method enhances authenticity and accuracy of early models and the ratio of system validation increases compared with previous methods. DOI: 10.5267/j.msl.2014.1.012 Keywords: Unified Modeling Language (UML); Activity diagram; Validation; Executable model; Colored Petri nets |
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23. |
An investigation on consumer’s behaviors towards well-known luxury brands
, Pages: 543-548 Mohammad Javad Ghasemi PDF (296 K) |
Abstract: This paper presents an empirical investigation to find the relationship between consumer’s behaviors towards well-known luxury brands in Iranian market. The study designs a questionnaire in Likert scale and distributes it among 250 randomly people who purchase luxury products. The study investigates the effects of three variables including perception value, social normality and need for being exclusive on perception of a brand for motivating customers to purchase luxury products. In addition, the study tries to find out whether customers’ educational backgrounds influence on purchasing luxury products or not. Cronbach alphas are all well above the minimum acceptable level, which validates the survey. Using structural equation modeling, the study confirms all hypotheses of the survey. DOI: 10.5267/j.msl.2014.1.011 Keywords: Luxury products; Consumer behavior; Purchase intention; Structural equation modeling |
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24. |
A system dynamic model for analyzing online question & answer markets
, Pages: 549-554 Elnaz Amani and Farhad Kianfar PDF (296 K) |
Abstract: During the past two decades, there have been growing interests on developing websites to build a link between various groups of people to share their knowledge such as Google service. This kind of activity helps fast and reliable distribution of knowledge since someone disseminates a question and various people attempt to provide some responses. This paper presents a system dynamic method for investigating the relationships between various components of a benchmark site. The proposed study develops closed loop dynamic among various components of the survey and provides some necessary actions for development of such systems. The results of our survey have indicated that the new forum could end up having significant number of unanswered questions. Therefore, researchers who work for this forum are suggested to increase their skills and their response rates to reduce the rate of unanswered questions. DOI: 10.5267/j.msl.2014.1.010 Keywords: Knowledge Markets; Q & A Markets; System Dynamics; Behavioral Analysis |
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25. |
A study on how organizational citizenship behavior influences on human resource management
, Pages: 555-558 Mostafa mahouti, Masoumeh sadat Abtahi and Ahmad sardari PDF (296 K) |
Abstract: During the past few years, there have been some evidences to believe that organizational citizenship behavior (OCB) could significantly influence on the success of organizations. This paper presents an empirical investigation to study the effects of OCB on human resource management. The proposed study designs a questionnaire and distributes it among some 260 experts who worked for an Iranian auto industry. The study designs a questionnaire in Likert scale, examines three hypotheses including the relationship between conscientiousness and information quality, courtesy and work efficiency and between civic virtue and work efficiency. Cronbach alphas for Courtesy, Civic virtue and Information Quality are calculated as 0.75, 0.76 and 0.81, respectively. Using structural equation modeling, the study has confirmed existence of positive and meaningful relationships among various components of the survey, which confirms all three hypotheses of the survey. DOI: 10.5267/j.msl.2014.1.009 Keywords: Organizational citizenship behavior; Human resource management; Feasibility study |
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26. |
A study on the effect of intellectual capital on firm performance: Evidence from Tehran Stock Exchange
, Pages: 559-566 Hosein Vazifehdoust, Mahmoud Reza Khajenasir and Hosein Karami PDF (296 K) |
Abstract: The aim of this paper is to analyze the effect of intellectual capital on firm performance. The proposed study uses two regression models to find out whether there is any meaningful relationship between intellectual capital and Tobin’s Q as well as earnings per share (EPS). To test the research hypothesis, a sample of 19 companies listed in Tehran Stock Exchange over the period 2010-2012 based on panel method is chosen. The study uses the method originally proposed by Pulic to measure intellectual capital. The results of the implementation of two regressions analysis indicate that there were not any meaningful relationships between these two components. Therefore, the results indicate that the intellectual capital has no effect on firm performance. DOI: 10.5267/j.msl.2014.1.008 Keywords: Intellectual capital; Firm performance; Tobin’s Q; Earnings Per Share (EPS) |
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27. |
An investigation on the effect of the corporation governance structure and free cash flow on over- investment
, Pages: 567-572 Mehdi Taghavi, Mohammad Khodaei Valahzaghard and Neda Amirjahadi PDF (296 K) |
Abstract: This study examines the impact of corporate governance structure and free cash flow on over-investment on 121 firms listed in Tehran Stock Exchange over the period 2008-2011. To measure over-investment, free cash flow and corporate governance variables based on available information reported on financial statements are gathered and using cross section regression method, different hypotheses of the survey are examined. The results indicate that among corporate governance mechanisms investigated in survey, there is a significant relationship between percentage of non-executive directors and ownership concentration with over-investment. However, there was no meaningful relationship among controlling shareholders and duality with over-investment. Furthermore, a significant relationship between free cash flow and over-investment has been found. DOI: 10.5267/j.msl.2014.1.007 Keywords: Over Investment; Free Cash Flow; Corporate Governance |
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28. |
An investigation on the role of brand equity on electronic acceptance
, Pages: 573-576 Hosseinali Aziziha, Reza Tahermanesh, Mahsan Hajirasouliha, Ashkan Faraji and Seyed Shahab Mousavi PDF (296 K) |
Abstract: This paper presents an empirical study to investigate the effect of brand equity on customer’s adoption of electronic banking. The proposed study uses a standard questionnaire for measuring brand equity, which consists of five items including brand associate, brand awareness, quality perception and brand loyalty. The study also uses another questionnaire, which measures electronic acceptance and both questionnaires are designed in Likert scale. Cronbach alphas for brand equity and electronic acceptance are measured as 0.83 and 0.75, which are above the acceptance level of 0.70. Therefore, we can confirm the validity of both questionnaires. The study is implemented among 384 regular customers of one of Iranian banks, randomly and using Spearman correlation ratio as well as stepwise regression techniques, the study has detected a positive and meaningful relationship between brand equity and customer’s adoption on electronic banking. DOI: 10.5267/j.msl.2014.1.006 Keywords: Brand equity; Electronic banking; Banking industry; Brand loyalty |
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29. |
The relationship between operating cash flow per share and portfolio default probability
, Pages: 577-582 Mohammad Khodaei Valahzaghard and Zahra Goodarzi Lemraski PDF (296 K) |
Abstract: One of the primary duties of the depositary banks is to protect themselves against any possibility of bankruptcy. This requires the identification and measurement of risks, including default risk, which is important given the nature of the activities of banks. This paper presents an empirical investigation to study the relationship between default probability and some financial figures including operating cash flow, liabilities and return of equities. The proposed study of this paper uses historical data of twenty-two firms listed on Tehran Stock Exchange over the period 2008-2012. Default probability as the dependent variable is measured by the method developed by Moody’s KMV Company. The study uses linear regression model to examine the relationship between default probability and some independent variables. The results of the present study suggest that there were some reverse relationship between operating cash flow per share, return on equities and default probability. In addition, there was a direct relationship between log facilities and default probability. However, there was not any relationship between net sales and default probability. DOI: 10.5267/j.msl.2014.1.005 Keywords: Default Probability; M-KMV; Operating Cash Flow Per Share; ROA |
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30. |
The analysis of volatility of gold coin price fluctuations in Iran using ARCH & VAR models
, Pages: 583-590 Farsheed Sattarifar, Ali Faez and Younos Vakilolroaya PDF (296 K) |
Abstract: The aim of this study is to investigate the changes in gold price and modeling of its return volatility and conditional variance model. The study gathers daily prices of gold coins as the dependent variable and the price of gold in world market, the price of oil in OPEC, exchange rate USD to IRR and index of Tehran Stock Exchange from March 2007 to July 2013 and using ARCH family models and VAR methods, the study analysis the data. The study first examines whether the data are stationary or not and then it reviews the household stability, Arch and Garch models. The proposed study investigates the causality among variables, selects different factors, which could be blamed of uncertainty in the coin return. The results indicate that the effect of sudden changes of standard deviation and after a 14-day period disappears and gold price goes back to its initial position. In addition, in this study we observe the so-called leverage effect in Iran’s Gold coin market, which means the good news leads to more volatility in futures market than bad news in an equal size. Finally, the result of analysis of variance implies that in the short-term, a large percentage change in uncertainty of the coin return is due to changes in the same factors and volatility of stock returns in the medium term, global gold output, oil price and exchange rate fluctuation to some extent will show the impact. In the long run, the effects of parameters are more evident. DOI: 10.5267/j.msl.2014.1.004 Keywords: Gold Coin Price; ARCH Models; VAR Model; Variability |
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31. |
Investigating the effect of adjusted DuPont ratio and its components on investor's decisions in short and long term
, Pages: 591-596 Majid Zanjirdar, Parvaneh Khaleghi Kasbi and Zahra Madahi PDF (296 K) |
Abstract: This paper investigates the effect of adjusted DuPont ratio and its components on investors’ decisions in short and long term. The primary objective of this study is to find the effect of adjusted DuPont ratio and its components on herding behavior of investors in one and several year period. Hence, 85 corporations as the member of Tehran stock exchange over the period 2006-2011 are selected. In order to recognize the herding, by market index consideration, the herded β and in order to hypothesis validity SPSS software and multivariable linear regression have been used. As the results of this study indicate, the adjusted DuPont ratio and its components have more effect on investors’ decisions in short term but in long the period, the effect of this ratio on herding investors’ behavior are reduced. Furthermore, from the two components of adjusted DuPont ratio, profit margin has more effect on investor's decisions. DOI: 10.5267/j.msl.2014.1.003 Keywords: Adjusted DuPont analysis; Return on net operating assets; Profit margin; Asset turnover operating; Herding behavior; Finance behavioral |
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32. |
An investigation on the role of organizational climate on electronic learning
, Pages: 597-600 Hosseinali Aziziha, Ashkan Faraji, Mahsan Hajirasouliha, Seyed Shahab Mousavi and Milad Isakhani Zakaria PDF (296 K) |
Abstract: This paper presents an empirical investigation on the effect of organizational climate on development of electronic learning in one of Iranian banks named Bank Maskan. In our survey, organizational characteristics include organizational structure, organizational communication, reward and promotion, organizational commitment, risk taking, organizational conflict and team-work. The proposed study uses two questionnaires, one for organizational climate and the other one for electronic learning, in Likert scale. Cronbach alpha for these two questionnaires are calculated as 0.79 and 0.86, respectively. Using Pearson correlation ratio as well as stepwise regression analysis, the study determines that organizational structure, organizational communication, reward and promotion, organizational commitment, risk taking and team-work influence on electronic learning, positively. DOI: 10.5267/j.msl.2014.1.002 Keywords: Organizational atmosphere; Electronic learning; Banking industry |
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33. |
An investigation on the role of learning organization in the realization of organizational learning based Marquart model: A case study of Islamic Azad University, Neyshabur branch
, Pages: 601-606 Ahmad Nategh Golestan and Seyed Morteza Ghayour Baghbani PDF (296 K) |
Abstract: During the past few years, there has been increasing interest in identifying the strengths and weaknesses of learning organizations (LO) in universities. The theoretical basis of this study was based on a comprehensive and systematic approach to learning organization proposed by Michael Marquardt. The aim of this study was to evaluate the benefit of Islamic Azad University, Neyshabur branch as educational characteristics in terms of LO characteristics according to the science and technology dimensions. The study population included all faculty members of Islamic Azad University Neyshabur branch, 90 university professors were selected by simple random sampling, and they completed the questionnaires of the survey. The research instruments included a researcher-made questionnaire based on the Marquardt-reviewed literature and consultation with experts. The questionnaire included 50 items with a Likert scale of five degrees. Validity of the questionnaire was affirmed by calculating Cronbach's alpha coefficient. To test the hypothesis, paired t-student tests were used and the results indicated that the status of Islamic Azad University in terms of LO characteristics was significantly different from the desirable level. DOI: 10.5267/j.msl.2014.1.001 Keywords: Learning organization; Organizational learning; Marquardt model; Islamic Azad University |
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34. |
The efficacy of circle of security on attachment and well-being in preschool children
, Pages: 607-612 Akram Dehghani, Mokhtar Malekpour, Ahmad Abedi and Shole Amiri PDF (296 K) |
Abstract: The purpose of this study was to determine the efficacy of Circle of Security (COS) on preschool children's attachment and well-being. 48 mothers with children's age 4 to 6 year were randomly selected through cluster sampling and randomly assigned to experimental and control groups (24 mothers and child in each group). Then the experimental group received 20 weekly COS sessions in the center of preschool. The attachment Q-set and Preschool children well-being questionnaire (PCWQ) were used as the pretest, post-test and in the course of follow-up. Results of Multivariate Analysis of Covariance (MANCOVA) showed that the mean scores of attachment, in the experimental group, was significantly greater than the control group in post-test (P = 0.000) and follow-up (P = 0.002). Results also showed that the scores of well-being in experimental group was significantly greater than the control group in post-test (P = 0.006) and follow–up (P = 0.018). The finding of the study emphasized the importance of training of attachment in improvement of preschool children's attachment and well-being. More studies are suggested to understand better efficacy of maternal behavior on preschool children's well-being. DOI: 10.5267/j.msl.2013.12.031 Keywords: Circle of Security; Attachment; Well-being; Preschool children |
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