According to Agency Theory and Neoclassical Theory; New Ownership and Diversity of Public Sector Companies in Corporate Life Cycle
Journal Title: Advances in Mathematical Finance and Applications - Year 2018, Vol 3, Issue 1
Abstract
The purpose of this study is investigating and determining rate of seizing assets and acquisition other companies by public sector companies. We estimate this rate at various stages of the life cycle of the company. Therefore, according to their size and age, the companies have been divided into small, large, young, and mature groups, and for this purpose, we have collected data from a sample of 45 companies of the public sector from three Iranian provinces. We have tested our analyses from the viewpoints of agency and neoclassical theories and discussed the results of the independent t tests. The results showed that with increase in age and size, public sector companies are more likely to seize the fixed assets of other companies to restructure and achieve improved operations. However, in the case of assuming ownership of other companies done through buying the companies, most public sector companies do this in the middle of their lifetime and in the course of their growth.
Authors and Affiliations
Abdollah Tavasoli, Parviz Saeidi, Bahram Biglari
Keywords
Related Articles
- EP ID EP512522
- DOI 10.22034/AMFA.2018.539131
- Views 64
- Downloads 0
Improving Stock Return Forecasting by Deep Learning Algorithm
Improving return forecasting is very important for both investors and researchers in financial markets. In this study we try to aim this object by two new methods. First, instead of using traditional variable, gold price...
Impact of the Management Performance Evaluation Methods on the Data Quality in Accounting
The impact of the management performance evaluation methods on the information quality in accounting will be studied in this paper. The information plays two roles in the market-oriented economies; first, it allows the i...
Forecasting Stock Trend by Data Mining Algorithm
Stock trend forecasting is a one of the main factors in choosing the best investment, hence prediction and comparison of different firms’ stock trend is one method for improving investment process. Stockholders need info...
A Long-term Casual Nexus between Stock Price and Dividends: Empirical Evidence from the Accepted Firms in Tehran Stock Exchange
this world; though all the discussions are focused on the causal relationships in all the scientific arguments. One of the methods to study the designed causal relationships objectively is Granger causality test. This pa...
Application of HS Meta-heuristic Algorithm in Designing a Mathematical Model for Forecasting P/E in the Panel Data Approach
In financial markets such as Tehran Stock Exchange, P/E coefficient, which is one of the most well-known instruments for evaluating stock prices in financial markets, is considered necessary for shareholders, investors,...