Papers by Mohammad Sayrani
Risks, Apr 22, 2024
The present study aims to investigate the impact of the COVID-19 crisis and firm risk on working ... more The present study aims to investigate the impact of the COVID-19 crisis and firm risk on working capital management policies among manufacturing firms listed on the Tehran Stock Exchange (TSE). The study sample consists of 1200 observations and 200 companies listed on the TSE over a six-year period from 2016 to 2021; furthermore, the statistical method used to test the hypotheses is ordinary least squares (OLS). The results show that the COVID-19 pandemic has led managers to increase current assets to total assets ratio (CATAR), current ratio (CR), quick ratio (QR), net working capital (NWC), cash to current assets (CTCA) ratio, while it has caused a decrease in operational cycle (OC), days account receivables (DAR), and current liabilities to total assets ratio (CLTAR). Furthermore, we find that the higher the company's risk, the more managers are motivated to embrace the working capital investment policy, net working capital, cash to current assets ratio, and cash conversion efficiency (CCE). In general, our findings indicate that during times of crisis, Iranian companies tend to adopt conservative working capital policies to ensure sufficient liquidity to respond appropriately to unforeseen events. In this study, the theory of liquidity preference aligns with the observed behavior of firms in response to the COVID-19 crisis and firm risk, where the emphasis on liquidity and short-term financial stability becomes paramount.
International Journal of Research in Education Humanities and Commerce, Dec 31, 2022
The purpose of this study is to investigate the factors that affect managerial readiness to adopt... more The purpose of this study is to investigate the factors that affect managerial readiness to adopt International Financial Reporting Standards (IFRS) in companies listed on the Tehran Stock Exchange (TSE). Design/methodology/approach: This study is cross-sectional. A descriptive survey methodology was used and the data were collected via a questionnaire. The population consisted of all the financial managers of TSE-listed companies, and 65 financial managers were selected as the sample. The results indicated that managerial readiness to adopt IFRS is positively associated with managers' attitudes toward and opinions on IFRS, quality indicators, the effect of IFRS adoption on the management, and costs and benefits of IFRS for the company's operations. Originality: This paper contributes to the literature on the factors that affect managerial readiness to adopt International Financial Reporting Standards (IFRS). This study provides more insights into our understanding of the factors in managerial readiness to adopt IFRS. To the best of the authors' knowledge, this is the first research on investigating the factors in managerial readiness to adopt International Financial Reporting Standards (IFRS). This study has been more distinctive since has been done in companies listed on the Tehran Stock Exchange, with its unique and particular conditions. Since it has been proven that factors such as culture, politics, economy, and other factors have a significant impact on the acceptance of IFRS standards, extending the results of this study to other countries should be careful. Also like with any research, this study implies certain limitations specifically related to the sample selection, a sample size, which may affect the generalizability of the results. Thus, future research may rely on a larger sample combining and covering other cultural areas. Practical implications: This study and its results will deliver evidence-based outcomes for Iran which will better formulate policy makers, accounting practitioners, and educators to more effectively implement International Financial Reporting Standards (IFRS).
Study of the Effects of Liquidity Risk and Other Effective Factors on Cross-Sectional Returns in Tehran Stock Exchange
Financial Accounting Researches, 2011
Journal of Management and Accounting Studies, 2020
Objective: One of the basic assumptions of management accounting indicates that changes in costs ... more Objective: One of the basic assumptions of management accounting indicates that changes in costs are related to increase and decrease of activity level, this inappropriate behavior of costs is known Costs Stickiness. Methodology: The aim of this study is to examine the Costs Stickiness in the Tehran Stock Exchange, also the relationship between general and administrative Costs Stickiness and corporate governance for listed companies in Tehran Stock Exchange during the years 2006-2015 will be studied and analyzed. Results: Finally, to test hypotheses and also additional tests, the regression model independent of SPSS software was used and descriptive and inferential statistics such as correlation analysis were analyzed. Conclusion: According to the results, it can be said that strong corporate governance has positive impact to reduce the Stickiness of the general administrative costs and sales.
An Examination of the Effects of Experience and Task Complexity on Audit Judgments
... Ashton and Kramer [1980] compared the internal control judgments of students and auditors for... more ... Ashton and Kramer [1980] compared the internal control judgments of students and auditors for a payroll system and found numerous sig-nificant differences. They, however, conclude that the general decision cues relied upon and the cue utilization patterns were similar. ...
Journal of Management and Accounting Studies, 2020
Objective: Cost and expense stickiness is an important issue in accounting and economics research... more Objective: Cost and expense stickiness is an important issue in accounting and economics research, and the literature has shown that cost stickiness cannot be separated from managers’ motivations. In this paper, we examine the effects that earnings management has on expense stickiness. Methodology: Defining small positive profits or small earnings increases as earnings management, we observe significant expense stickiness in the non-earnings-management sub-sample, compared with the earnings-management sub-sample. Results: When we divide expenses into R&D, advertising and other general expenses, we find that managers control expenses mainly by decreasing general expenses. We further examine corporate governance’s effect on expense stickiness. Using factor analysis, we extract eight main factors and find that good corporate governance reduces expense stickiness. Conclusion: Finally, we investigate the interaction effects of earnings management and corporate governance on expense stick...
The aim of this study was investigating the effect of transformational leadership style and organ... more The aim of this study was investigating the effect of transformational leadership style and organizational justice on organizational citizenship behavior among the heads of bank branches in Lorestan province. In this study the effect of transformational leadership style has four components (idealized influence, inspirational motivation, intellectual stimulation and individualized consideration), organizational justice including three dimensions (distributive, procedural and interactional) and organizational citizenship behavior has five dimensions (conscientiousness, altruism, generosity, citizenship virtue and respect and reverence). This research in terms of goal is applied and in terms of data collection is descriptive-survey. Since research in the sector (industry) in Lorestan banking is done. The study population included all heads of branches of banks in the Lorestan province, which refer to the affair management of bank branches and the website of the banks was estimated at 4...
This study aims to investigate the effect of business strategy and corporate governance on mainta... more This study aims to investigate the effect of business strategy and corporate governance on maintaining cash balance policies in companies listed on the Tehran Stock Exchange. Accordingly, the annual data of 108 listed companies on the Tehran Stock Exchange during 2011 to 2019, unit root panel tests of Im, Pesaran, and Shim and Levin–Lin–the Chu was used. In addition, the f test was used to select one of the panel data and pooled data methods, and the Hausman test was used to select one of the fixed effects and random-effects models. This study showed that the company's strategy had a negative and significant effect on the cash balance of listed companies on the Tehran Stock Exchange. Thus, it can be stated that with increasing the company's prospector business strategies, the need for investment and innovation in the company will increase. Accordingly, companies' cash balance will decrease. Also, with an increase in the proportion of non-executive members on the board, t...
AFRICAN JOURNAL OF BUSINESS MANAGEMENT, Jul 4, 2012
This paper is aimed to assess the relationship between accrual quality balance and accrual qualit... more This paper is aimed to assess the relationship between accrual quality balance and accrual quality. Since accrual quality is not directly observable, in the present paper, accrual quality balance (AQB) has been used as a representative of accrual quality. Then the resultant standard deviation from this model has been applied as a dependent variable in another model, and the relationship between this variable with four accrual quality balances have been studied. For the purpose of this study, 71 listed companies in Tehran Stock Exchange, during 2005 to 2009, have been randomly selected and studied. Formulated hypotheses have been tested using a combination of sectional and time-series data, and the software econometric views, (EVIEWS) has been applied to analyze the results. The results have confirmed the relationship between end-year accrual balances and accrual quality; the positive sign for the following coefficients, business accounts and notes receivable, stock, business accounts and notes payable, means that the relationship between end-year accrual balances with accrual quality is a direct relationship.
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Papers by Mohammad Sayrani