Using contingency approach to improve firms’ financial performance forecasts
One of the challenging issues for investors and professionals is appropriate models to evaluate financial situation of the firms. In this regard, many models have been extracted by researchers using different financial ratios to resolve these issues. However, choosing a model based on the conditions and users’ needs is complex. The main objective of this study is to identify the effect of contingency variables on the firms’ financial performance forecasting models. The statistical population of the research includes all firms listed in Tehran Stock Exchange during the period 2011-2018, among which 154 firms were selected. The research data were collected from firm's financial statements and other source. Multiple Discriminant Analysis and Logit Regression model were used to test the research hypotheses. According to the results of discriminant analysis, environmental uncertainty and firm size positively improve the predictive power of the firm's financial performance, and business strategy and business competition don’t improve the predictive power of the firm's financial performance. Also, the results of logit regression indicated that environmental uncertainty, business strategy, and firm size improve predictive power of the firm's financial performance; but, business competition don’t improve predictive power of the model. The results of comparing the two methods showed that the Discriminant analysis method outperformed the logistic regression method.
The Effect of Marketing Tactical Capabilities on the Financial Performance of the Firms: Meta-Analysis Approach
Studying the effect of marketing tactical capabilities on the financial performance of the firms is now proposed as one of the most important priorities of marketing researches. However, the results of the studies in many academic fields that are conducted about a specific issue are usually contrasting. Meta-analysis is a research approach that helps the researcher to achieve a suitable combina...متن کامل
We examine the relationship between the number of bank relationships and firms’ performance, evaluating possible differential effects related to firms’ size. Our sample of firms from Italy includes many small firms, 99 percent of which are not listed and for which bank debt is a major source of financing. In the sample, 4 percent of the firms have a single bank relationship, and 66 percent of t...متن کامل
The time consumption in solving computationally heavy problems has always been a concern for computer programmers. Due to simplicity of its implementation, the PSO (Particle Swarm Optimization) is a suitable meta-heuristic algorithm for solving computationally heavy problems. However, despite the simplicity, the algorithm is inefficient for solving real computationally heavy problems but the pr...متن کامل
This study examines the relation between measurement system satisfaction, economic performance, and two general approaches to strategic performance measurement: greater measurement diversity and improved alignment with firm strategy and value drivers. We find consistent evidence that firms making more extensive use of a broad set of financial and (particularly) non-financial measures than firms...متن کامل
the effect of marketing tactical capabilities on the financial performance of the firms: meta-analysis approach
studying the effect of marketing tactical capabilities on the financial performance of the firms is now proposed as one of the most important priorities of marketing researches. however, the results of the studies in many academic fields that are conducted about a specific issue are usually contrasting. meta-analysis is a research approach that helps the researcher to achieve a suitable combina...متن کامل
دوره 6 شماره 2
صفحات 1- 23
تاریخ انتشار 2021-04-01
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