JMDMA 2022-01-08T19:11:15+00:00 Hadi Open Journal Systems <p>Journal of Modern Developments in Management and Accounting&nbsp; is published quarterly, has been capable of obtaining publication's permission by the permission number 6/1887 from the " <strong>Islamic Azad University</strong>"&nbsp;as a&nbsp;"<strong>Scientific Research Journal </strong>"</p> <hr> <p>Journal of Modern Developments in Management and Accounting (JMDMA) is a peer-reviewed, international scientific journal, free of charges and open access journal, which is published by Islamic Azad University, Maragheh Branch, Maragheh, Iran. The journal publishes original papers and reviews in English dealing with theoretical and applied research related to Manangements and Accounting.</p> <hr> <p>&nbsp;</p> <p><strong>Print ISSN:&nbsp; 2676-4962<br></strong></p> <p><strong>Online ISSN: 2676-4970<br></strong></p> PRECISION AND SENSITIVITY DIMENSIONS OF PROFIT AND BOARD OF DIRECTORS COMPENSATION (EVIDENCE FROM TEHRAN) 2020-03-26T23:50:53+00:00 Seyed Ali Vaez Rahim BonabiGadim <p><em>Research aim:</em> This research aims to investigate how the precision and sensitivity dimensions of profit affect the board of directors’ compensation. In this study, the precision indicators of profit namely earning management through accrual and manipulation activities in the form of increased profits, as well as conditional conservatism and the sensitivity indicators of profit namely earnings response coefficient and stock returns fluctuations were studied.</p> <p><em>Design/ Methodology/Approach:</em> The data related to the 121companies listed in Tehran Stock Exchange for the period 2008 to 2017 were extracted and the combination regression model was used to test the hypothesis.</p> <p><em>Research finding:</em> The results showed that the abnormal accruals on compensation had a significant and positive effect that indicated the lack of sufficient attention to them. Manipulation activities in the form of increased profits and conditional conservatism had significant effect on board of directors’ compensation. The earnings response coefficients indicators, had a positive effect on board of directors’ compensation and returns fluctuations indicators had a negative effect on board of directors’ compensation.</p> <p><em>Theoretical contribution/Originality:</em> The novelty of this research is to introduce the precision and sensitivity dimensions of profit in board of directors’ compensation. Because if the compensation is not commensurate with board of directors actual performance not only will increase corporate value but also will be a means to transfer wealth. From the important indicators in measuring performance in compensation plans is the precision and sensitivity of reported earnings.</p> <p><em>Practitioner/Policy implication:</em> One of the most important applications of this research is development of theoretical foundations associated with compensation Plans, as well as helping to improve the conclusion of compensation contracts to reduce the agency costs and maximize company value.</p> <p><em>Research limitation/Implication</em>: An important limitation of this study is the lack of access to information related to board of directors’ non-cash compensation.</p> 2019-11-30T00:00:00+00:00 Copyright (c) 2019 JMDMA Examining the effect of corporate governance on the relationship between firm value of Firms Listed on the Tehran Stock Exchange 2020-03-26T23:45:44+00:00 Hadi Rashedi Toraj Dargahi <p>The purpose of this paper is to examine the effect of corporate governance on the relationship between the firm value&nbsp; for the listed companies in Tehran Stock Exchange during period 2013-2018.&nbsp; The corporate governance mechanisms include board size, board composition, institutional ownership, financial knowledge of the board, CEO duality, state-ownership and managerial ownership. The population is composed of the firms listed on the Tehran Stock Exchange. Filtering technique is used to select the sample. Furthermore, multivariate regression method, Analysis of Variance (ANOVA) and tree regression methods are used to test the hypotheses. The findings reveal that firm's value prediction is influenced by the two variables of managerial ownership and the non-executive members of the board. The findings of this research show that investors conceive earnings management negatively and earnings management has a negative effect on firm value. But in corporations with high quality corporate governance this effect is reduced. In other words, corporate governance mechanisms has a positive effect on the relationship between firm value and earnings management and firms with a higher corporate governance score face a less negative effect from earnings management.</p> 2019-11-30T00:00:00+00:00 Copyright (c) 2019 JMDMA How Influence the Accounting Information Systems Quality of Internal Control On Financial Reporting Quality 2020-03-26T23:49:25+00:00 Hadi Rashedi Toraj Dargahi <p>in the response of several financial scandals and corporation collapses, corporate governance, particularly internal control, comes to an attention of public. This research findings show that with effective internal control within the organizational boundary, management has reasonable assurance that it can enable businesses to achieve the objectives in accordance with compliance. It can be said that proper designed and functioning internal control mechanism can reduce the likelihood errors or fraud and hence organizations would perform as expected. Moreover, AIS provides financial information that is essential to monitor and manage organizational resources together with conventional accounting controls. The purpose of this study was to determine influence the accounting information systems and the effectiveness of internal control on financial reporting quality. The results showed that influence the accounting information systems and the effectiveness of internal control have a significant effect on the financial reporting quality. Furthermore it was found that the accounting information systems and the effectiveness of internal control have relation on financial reporting quality.</p> 2019-11-30T00:00:00+00:00 Copyright (c) 2019 JMDMA Corporate Social Responsibility among Large Industrial Units’ Customers in West and East Azerbaijan 2020-09-15T10:26:34+00:00 Iraj Ravandi <p>Corporate social responsibility (CSR) is a type of international private business self-regulation that aims to contribute to societal goals of a philanthropic, activist, or charitable nature by engaging in or supporting volunteering or ethically-oriented practices While once it was possible to describe CSR as an internal organizational policy or a corporate ethic strategy, Proponents argue that corporations increase long-term profits by operating with a CSR perspective, while critics argue that CSR distracts from businesses' economic role. A 2000 study compared existing econometric studies of the relationship between social and financial performance, concluding that the contradictory results of previous studies reporting positive, negative, and neutral financial impact, were due to flawed empirical analysis and claimed when the study is properly specified, CSR has a neutral impact on financial outcomes. Novel approaches in management and organization brought social commitment and responsibility. &nbsp;In fact, this responsibility was a response to the environmental needs and challenges. The present study is a survey conducted in private companies in West Azerbaijan province.</p> 2020-09-15T10:24:56+00:00 Copyright (c) 2020 JMDMA Investigating the relationship between voluntary disclosure and the performance of companies listed on the Tehran Stock Exchange 2022-01-08T19:11:15+00:00 behzad mahdavi Hadi Kashefian Gazani <p>To restrict undesirable investor’s perception and create awareness about future prospects, companies may make voluntary disclosure. Providing voluntary information about identification, measurement and disclosure of accounting numbers in financial statements lead to attract investors and effectively help to improve the company's financial position and managerial popularity. In this regard, data of selected 124 firms, over the period of 2013-2020 were analyzed to examine the relationship between variables to test the hypothesis through panel data structure. By testing research hypothesis and with the respect to significant level of hypothesis there is positive significant relationship between firm size and voluntary disclosure quality and there is inverse significant relationship between debt ratio, profitability ratio and voluntary disclosure quality and there is significant difference between effective factors for voluntary disclosure of information among different industries.</p> 2022-01-08T19:09:49+00:00 Copyright (c) 2022 JMDMA