A study of economic index effects on return on equity in iranian companies
Journal Title: International Research Journal of Applied and Basic Sciences - Year 2012, Vol 3, Issue 8
Abstract
All beneficiary groups and of financial statements' users, in a way, interested in analysis of financial statements; stockholders and beneficiaries interested in recognizing effective factors on return on equity. Some of these factors resulted from managers' function and/or other internal factors or some of them caused by external ones. In this study, in addition to introduction of mentioned index, economical index correlation with return on equity will be investigated. Gross national product growth and average share price, considered as an economic index. The study aims to investigating mentioned index effects on return on equity in automobile Industry. For this, all active companies listed on Tehran Stock Exchange selected in automobile industry and these indexes calculated for six-years namely 2004-2010. Results showed that there is a correlation between mentioned indexes and return on that could be a guide for users of financial statements in order to make optimal decisions.
Authors and Affiliations
Mahdi Salehi*| Assistant Professor of Accounting, Ferdowsi University of Mashhad, Iran.mahdi_salehi54@yahoo.com, Mina Derakhshan| M.A holder in Accounting, Bandar Abbas Branch, Islamic Azad University.
Strategic-thinking framework by organizational culture characteristics
According to dynamic environments, it is necessary for organization to change increasingly organizational agility among other public organizations. Therefore, management tools like strategic planning, total quality manag...
Assessment of fluoride in drinking waters in the city of Poldasht
One of the key ingredients that reaches through water to the body is fluoride. The increase and decrease of fluoride in drinking water can cause irreparable damages. This study aims to assess the fluoride in drinking wat...
Needs Analysis in EAP of Computer and Mechanical Engineering English Courses The Case of Islamic Azad university of Shiraz
The present study is an attempt to carry out a needs analysis of Iranian undergraduate students studying computer and mechanical engineering. A total of 365 undergraduate students and eight EAP instructors participated i...
A Comparative Study of Physical and Chemical Parameters in Sistan and Baluchistan University Wastewater And It’s Re-use of Wastewater
Following the university’s needs and current draughts, the university decided to establish a waste water treatment plant for proper management of its exotic waters. The recycled water of the plant is used for irrigation...
Elevating social capital indices in Ahvaz‘s organizations
This article aimed to evaluate social capital indices among non-govermental and governmental organization‘s personnel in ahvaz. Statistic population was 5850 Ahvazian people and the sample mass based Kregcie & morgan‘s c...