1. ![]() |
The relation between external governance environment and over-investment: Evidence from industry regulation
, Pages: 2329-2342 Kejing Chen, Yanxi Li, Kung’unde Goodluck Marco and Yiyu Wang ![]() |
Abstract: Based on the Law and Finance theory, and the regulatory capture theory, external governance environment and industrial regulations can exert a certain influence on corporate over-investment. On the basis of qualitative analysis of the relationship between external governance environment and corporate over-investment under different industrial regulation conditions, this paper, using data of non-financial companies listed in Shanghai and Shenzhen Stock Exchanges in the period 2001-2010, describes the regional distribution characteristics of over-investment of Chinese listed companies, and establishes an OLS regression model of the relationship between external governance environment and over-investment. The study respectively groups data from regulated and non-regulated industries as a sample and empirically tests the OLS regression model. Results show that: from the perspective of economic geography, there exists a local spatial cluster phenomenon in the distribution of over-investment of listed companies in regulated industries, while non-regulated industries conform to no regularity. In regulated industries, external governance environment factors (level of government intervention, rule of law and financial development) may exert a significant negative influence on the degree of over-investment of listed companies, but on non-regulated industries, their effect is reversed. Also, government intervention, legal enforcement and financial development are positively correlated to over-investment. Further research indicates that, compared with government intervention and financial development, legal enforcement influences over-investment the most. DOI: 10.5267/j.msl.2014.9.021 Keywords: External Institutional Environment, Industry Regulation , Over-investment, Distribution Characteristics |
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2. ![]() |
Investigating the effect of ecommerce on export development of rose water and essences
, Pages: 2343-2350 Ali Nataghi and Ali Baghi Nasrabadi ![]() |
Abstract: There are some issues in marketing, supply and after-sales services for customers in global markets for production of rose water and essences extracts. Despite the fact that the products are genuine, there is a downward trend for the production of rose water and essences extracts in recent years. The present study aims to evaluate the identified structural barriers affecting exports of rose water and essences of Kashan to United Arabic Emirates. The population consisted of 77 managers of exporter companies in Kashan. Self-made questionnaire approved by supervisor to be valid and reliable, were distributed. The study tried to deliver a model for barriers to e-commerce in the context of Iran's rose water and essences extracts Export by examining different models of and studied in the field of electronic commerce and the application and advantages of systems based on it. The study also tried to identify current obstacles in the way of electronic commerce in export of rose water and essences extracts by using the questionnaire as an indicator in five-point Likert scale. There were three factors associated with the proposed model. Barriers to electronic commerce in export of rose water and essences extracts were determined in the order of priority as follows: 1) Problems and obstacles related to information infrastructure, 2) problems related to legislative, legal and secure infrastructure, 3) problems and obstacles to human, educational, cultural and behavioral infrastructure, 4) problems related to infrastructure of customs, trade and taxation, 5) internet problem, 6) Problems related to technical and hardware infrastructure, 7) Problems related to financial and software infrastructure. DOI: 10.5267/j.msl.2014.10.017 Keywords: Rose water, Essences extract, Export, Information barriers, Kashan |
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3. ![]() |
Investigating the effect of different factors on profitability
, Pages: 2351-2356 Mohsen Hamidian and Shohreh Asghari Gildeh ![]() |
Abstract: This paper presents an empirical investigation to study the effects of different factors influencing on profitability of shares of petrochemical industry. The study gathers the information of three firms whose stock prices were listed on Tehran Stock Exchange over the period 2006-2012. Using different regression analysis, the study has determined that while stock price, currency rate and material influence on profitability of these firms, energy price, liquidity and gold price had no impact on profitability in petrochemical industry. DOI: 10.5267/j.msl.2014.10.016 Keywords: Petrochemical industry, Profitability, Tehran Stock Exchange |
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4. ![]() |
Investigating the relationship between disclosure quality and capital structure on financial success
, Pages: 2357-2362 Ali Fadaei and Ali Esmailzadeh Maghari ![]() |
Abstract: This paper presents an empirical investigation to study the effects of disclosure quality on capital structure in an Iranian Auto industry. The proposed study considers the financial information of the biggest Iranian automaker named Iran Khodro. The study gathers the necessary information from 18 Iran Khodor firms whose shares where accepted on Tehran Stock Exchange over the period 2008-2011. Using some statistical tests, the study has concluded that while there was not any meaningful relationship between disclosure quality and capital structure, market disclosure could influence positively on return on assets as well as return on equities. DOI: 10.5267/j.msl.2014.10.015 Keywords: Disclosure quality, Capital structure, Iran Khodro |
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5. ![]() |
A study on the effect of organizational trust on learning organizations
, Pages: 2363-2370 Belal Panahi ![]() |
Abstract: Creating and maintaining a learning organization is a competitive advantage, which would be the result of valuable outcomes such as innovation, efficiency and the better convergence with environment. In addition, learning is the best way to preserve life, survival and growth of organizations in future. In this regard, this study examined the relationship between trust and learning organizations. This study had one main hypothesis and five sub-hypotheses. Research method was descriptive, and t-test and correlation tests were used to determine the relationships between variables. The statistical populations of this study were employees and faculty members of Payam Noor University in east Azerbaijan province, Iran. The results of this study show that there was a meaningful and positive relationship between trust in organization and learning organizations. Therefore, it is recommended that organizations dismantle the barriers of trust, be promoted the trust-builder interactive relationships; be improved and be promoted the mechanisms of interpersonal communications. The firms also have to develop competencies, empower and promote the spirit of cooperation. On the other hand, organizations must prioritize the fostering and promoting the strategic and interactive thinking of staff. DOI: 10.5267/j.msl.2014.10.014 Keywords: Trust, Learning, Learning organization |
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6. ![]() |
Investigating the level of customer oriented in an excellence business organization through EFQM method
, Pages: 2371-2374 Somayeh Sadat Hosseini and Ali Aalikhani ![]() |
Abstract: Today, many business organizations have replaced product oriented strategies with customer oriented strategies and try to improve the level of their products and services to reach customer satisfaction. Excellent organizations pay especial attention to their customers and always try to do their best to have loyal customers. The purpose of this paper is to investigate the level of customer oriented in an excellence business organization through European Foundation of Quality Management (EFQM) method for one of the biggest Iranian banks in city of Tehran, Iran. The study designs a questionnaire in Likert scale and distributes it among 384 randomly selected customers who do banking business. Cronbach alpha has been calculated as 0.948, which is well above the desirable level. In addition, using t-student test, the study has confirmed that bank enjoyed a satisfactory level of customer oriented. DOI: 10.5267/j.msl.2014.10.013 Keywords: EFQM, Business excellence, Customer satisfaction |
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7. ![]() |
The consequences of different strategies for measuring tax evasion behavior
, Pages: 2375-2378 Ghavam Ahmadi Ali Bayat and Homa Doroudi ![]() |
Abstract: This paper presents a study to investigate the effect of tax strategy on tax evasion in province of Zanjan, Iran. The study selects two randomly selected populations of 100 people from Tax organization and the people who file income tax with revenue agency. The study designs a questionnaire in Likert scale to study the effects of five variables namely; promote tax culture, lack of belief in tax payment consequences, filing false tax statement, tax exemption and general culture community as independent variables on tax evasion behavior. Using regression technique, the study has determined positive and meaningful relationships between tax evasion and independent variables. DOI: 10.5267/j.msl.2014.10.012 Keywords: Tax evasion, Tax strategy, Zanjan |
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8. ![]() |
A structure to support queries in object-oriented database using fuzzy XML tags
, Pages: 2379-2386 Bahareh Fahimian and Ali Harounabadi ![]() |
Abstract: Every day, we deal with the information, which are under uncertainty and managing this type of information with classical database systems brings a disadvantageous loss of data semantics along. Therefore, advanced database modeling techniques are necessary. Entrance of object orienting concept in databases helps relational database gradually use object oriented database in various fields. With the advances in this field, simple objects alone are not able to include complex data types and complex objects are necessary. On the other hand, for solving the problem of fuzzy data, several methods have been presented. One of these methods for modeling databases is an approach, which couples object-oriented database modeling with fuzzy logic. In this research, we observe the compilation of XML and fuzzy to represent a suitable approach for queries in object-oriented databases. In this paper, by combining sql and fuzzy XML tags, a language and independent database for storing and retrieving queries is prepared. We study database queries in two forms of simple and complex. In the form of complex, we use conjunctive queries. DOI: 10.5267/j.msl.2014.10.011 Keywords: Object-oriented database, Fuzzy queries, XML |
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A study on the effects of advertisement on brand equity: Evidence from mobile industry
, Pages: 2387-2392 Mahmoud Samiei Nasr, Seyed Mohsen Seyed Ali Akbar and Elham Aghaalikhani ![]() |
Abstract: This paper presents an empirical investigation to study the effects of advertisement on brand equity. The study has accomplished on two well-known brands in mobile providers in city of Tehran, Iran. The study uses Aaker’s model to examine the effects of advertisement on various factors such as brand awareness, quality perception, brand loyalty and brand associate. The study also investigates the effects of brand awareness, quality perception and brand associate on brand loyalty. The results of our survey have concluded that advertisement could influence on some of the components of brand equity, significantly. For the first case study of this survey, Irancell, advertisement influences on brand awareness, brand quality and brand associate, significantly. In addition, brand awareness and brand loyalty also influence on brand quality and brand equity, positively. For the second case study of this survey, Mobile Telecommunication Company of Iran, the effects of advertisement on brand equity, brand awareness and brand associate have been confirmed. Moreover, brand awareness and brand quality influence on brand loyalty, positively. In addition, brand loyalty influences positively on brand equity. DOI: 10.5267/j.msl.2014.10.010 Keywords: Advertisement, Brand equity, Brand awareness, Irancell, MCI |
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10. ![]() |
Ranking green electronic supplier in auto industry using fuzzy Delphi
, Pages: 2393-2398 Soheil Sarmad Saeidi, Behrooz Ghasemi and Nasrin Fakhari and Mohammad Mokhtari ![]() |
Abstract: This paper presents a study to rank different green supplier involved in supplement of electronic parts in auto industry using fuzzy Delphi. The proposed study uses the fuzzy analytic hierarchy process for weighing criteria and VIKOR method to rank the suppliers. The results show that measures of corporate social responsibility, environmental management system, green procurement and green production are the most important criteria for green supplier selection. In addition, product quality, online tracking of orders, delivery time and quality of online information are the most important criteria for choosing a green electronic supplier. DOI: 10.5267/j.msl.2014.10.009 Keywords: Green Management, Supplier selection, Auto industry |
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11. ![]() |
Investigating the effects of knowledge management and organizational innovation on organizational strategy: Evidence from insurance industry
, Pages: 2399-2406 Seyed Mohsen Taheri Amir Homayoun Sarfaraz and Seyed Mohsen Seyed AliAkbar ![]() |
Abstract: This paper presents an exploratory factor analysis on knowledge management and organizational innovation items influencing on organizational strategy. The study designs a questionnaire in Likert scale and distributes it among 210 employees in an insurance firm named Dana located in Iran. Cronbach alpha has been well above 0.90, which confirms the validity of the overall survey. Using principle component analysis, the study extracts six critical success factors influencing on knowledge management including knowledge management processes, organizational culture, organizational structure, human resources, information technology, top management support and three factors of innovation including product innovation, process innovation, and organizational performance. DOI: 10.5267/j.msl.2014.10.008 Keywords: Knowledge Management, Innovation, Exploratory factor analysis, Insurance, Strategy |
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12. ![]() |
Investigating the effects of organizational culture on individual’s innovation
, Pages: 2407-2414 Amirnima Negahdari and Abdolreza Sobhani ![]() |
Abstract: This paper presents an empirical investigation to study the effects of organizational culture on individual’s innovation. The study designs a questionnaire consists of 30 questions in Likert scale, which has 4 main categories and 16 sub-categories. The main hypothesis of the survey investigates whether or there is a positive relationship between organizational culture and individual’s innovation. Using Spearman correlation ratio as well as stepwise regression technique, the study has confirmed a positive and meaningful relationship between organizational culture and individual’s innovation. In addition, there are positive and meaningful relationship between individual’s innovation and knowledge sharing, top management support, supporting mechanism and management’s accepting criticism. DOI: 10.5267/j.msl.2014.10.007 Keywords: Organizational culture, Innovation, Creativity, Individual’s innovation |
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The application of particle swarm optimization algorithm in forecasting energy demand of residential - commercial sector with the use of economic indicators
, Pages: 2415-2422 Hesam Nazari, Aliye Kazemi, Mohammad Hossein Hashemi and Mahboobeh Nazari ![]() |
Abstract: Energy supply security is one of the strategic issues of all states. Beside the energy supply management, the section that has received less attention is energy demand management. According to importance of residential and commercial sectors in energy consumption, in the present study energy demand of these sectors is estimated using linear and exponential functions and the coefficients are obtained from PSO algorithms. 72 different scenarios with various inputs are investigated. Data from the years 1968 to 2011 are used to develop the models and select the suitable scenario. Results show that an exponential model developed based on particle swarm optimization algorithm has had the best performance. Based on the best scenario the energy demand of residential and commercial sectors is estimated 1718 Mega barrel of crude oil equivalent up to the year 2032. DOI: 10.5267/j.msl.2014.10.006 Keywords: Particle swarm optimization, Forecasting, Energy |
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Investigating fundamentals of knowledge based economy using grounded theory
, Pages: 2423-2426 Asadollah Kordnaeij, Mohsen Ebrahimi, Lotfollah Forozandeh Dehkordi and Ali Asghar Fani ![]() |
Abstract: During the past few years, knowledge has played essential role for development of economy. As a result, a new concept of knowledge based economy has been developed. Knowledge based economy is responsible for creating wealth through exploring knowledge. In new millennium, knowledge has made significant impact on socio-economic changes. The proposed study of this paper performs an empirical investigation to determine fundamentals of knowledge based economy in Iran using grounded theory. The study determines five categories including development of innovation and entrepreneurship culture, knowledge creation and distribution, creating competition in economic environment and information and communication economy. DOI: 10.5267/j.msl.2014.10.005 Keywords: Knowledge based economy, Grounded theory, Knowledge |
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Investigating characteristics of organizational culture
, Pages: 2427-2432 Sanjar Salajeqe and Ali Naderifar ![]() |
Abstract: Studying the behavior of members of a firm is considered as the primary step in understanding the organization's culture. In fact, it is always essential to study organizations’ culture when a new action is about to occur. In fact, by leveraging culture, it is becoming easier to accomplish other tasks within organizations. This paper presents an empirical investigation to determine important factors influencing organizational culture in food industry. The proposed study has adapted a questionnaire based on Denison organizational culture dimensions and distributed it among different groups of employees who worked for one of Iranian food maker in city of Zahedan, Iran. Cronbach alphas for job involvement, consistency, compatibility and mission are 0.786, 0.779, 0.707 and 0.908, respectively. The results indicate that dimensions of job involvement (3.31) and organizational compatibility (3.16) are in better position compared with dimensions of consistency (3.14) and mission (3.11). The study does not find any significance difference between in internal-external focus. In other words, the organization has paid sufficient attention to internal as well as external affairs. DOI: 10.5267/j.msl.2014.10.004 Keywords: Organizational culture, Denison model, Organizational framework |
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Investigating the effect of Electronic Word Of Mouth on customer’s purchase intention of digital products
, Pages: 2433-2440 Shabnam Khosravani Zangeneh, Mehran Rezvani and Reza Mohammadkazemi ![]() |
Abstract: This paper presents an empirical investigation to examine the effect of electronic word of mouth (eWOM) on purchasing intention. The study also considers the effects of quality of eWOM, quantity of eWOM as well as reviewers’ expertise on purchasing intention. The study has accomplished among 384 people who have some experiences on buying digital devices from an Iranian well-known providers of electronic devices in city of Tehran, Iran. Using structural equation modeling, the study confirms the effects of eWOM on purchase intention. In addition, the study confirms the effects of quality of eWOM as well as reviewer’s expertise on purchase intention. Moreover, the study examines the effects of two moderator variables, brand image and product complexity, on purchase intention and while the effect of brand image on purchase intention is confirmed but the impact of complexity on purchase intention is not confirmed. DOI: 10.5267/j.msl.2014.10.003 Keywords: Word of mouth advertisement, Purchasing intention, Digital product, Product complexity |
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A survey on the effects of institutional ownership, internal audit and non-executive board members on forecasting crashes: Evidence from Tehran Stock Exchange
, Pages: 2441-2448 Mostafa Sohouli Vahed and Mohammad Kheiri ![]() |
Abstract: This paper presents an empirical investigation to study the effects of institutional ownership, internal audit system, the number of non-executive board members and having differentiation between chair and general managers’ responsibilities on the likelihood of stock price crash on 110 listed firms on Tehran Stock Exchange over the period 2004-2011. The study uses Chen’ model (2001) [Chen, J., Hong, H., & Stein, J. C. (2001). Forecasting crashes: Trading volume, past returns, and conditional skewness in stock prices. Journal of Financial Economics, 61(3), 345-381.] to perform the investigation. Based on the results of the survey, there is a negative and meaningful relationship between stock price crash and institutional ownership when the level of significance is ten percent. In addition, as the number of non-executive board members increases, the chance of stock price crash decreases when the level of significance is five percent. However, separation between the responsibility of chair and general managers did not seem to influence on stock price and also having internal audit system had no impact on the likelihood of stock price change. DOI: 10.5267/j.msl.2014.10.002 Keywords: Tehran Stock Exchange, Corporate strategic system, Stock price crash, Income management, Stock exchange negative coefficient of skewedness |
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Assessing a brand equity model for fast moving consumer goods in cosmetic and hygiene industry
, Pages: 2449-2456 Alireza Karbasivar Mirahmad Amirshahi and Kambiz Heidarzadeh ![]() |
Abstract: This paper presents an empirical investigation to study the effects of ten factors on brand equity. The study provides an assessment using a brand equity model for fast moving consumer goods in cosmetic and hygiene industry. The study has accomplished among people who purchase goods in six major cities of Iran based on an adapted questionnaire originally developed by Aaker (1992a) [Aaker, D. A. (1992a). The value of brand equity. Journal of Business Strategy, 13(4), 27-32.]. Cronbach alpha has been calculated as 0.88, which is well above the minimum acceptable level of 0.7. In addition, Kaiser-Meyer-Olkin Measure of Sampling adequacy and Bartlett's test of Sphericity approximation Chi-Square are 0.878, 276628 with Sig. = 0.000, respectively. The proposed study of this paper uses structural equation modeling to test different hypotheses of the survey. The Root Mean Square Error of Approximation (RMSEA), Comparative Fit Index (CFI) and Chi-Square/df are 0.067, 0.840 and 4.244 and they are within desirable levels. While the effects of seven factors on brand equity have been confirmed. However, the survey does not confirm the effects of perceived value, advertisement effectiveness and advertisement to brand on brand equity. In our survey, brand loyalty maintains the highest positive impact followed by having updated brand, trust to brand, perceived quality to brand, brand awareness, intensity of supply and perception to brand. DOI: 10.5267/j.msl.2014.10.001 Keywords: Aaker Model, Brand Loyalty, Brand awareness, Perceived quality, Brand Association |
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