In a defined contribution pension plan, employees make the investment decisions since they ultimately bear the investment risks. It has been shown empirically that, whenever the firm’s own stock is one of the available assets, many employees invest a significant fraction of their discretionary contributions in the stock of their employer. Moreover, the proportion allocated to own-company stock ...

abstract the purpose of this paper is to investigate the relationship between capital stock and increasing the productivity of labor and total factor productivity (tfp) in industrial groups of khorasan razavi province from 2003 to 2007. in order to this first, the available literature in this area and the importance of productivity was reviewed, also the history of productivity in asia and the ...

shareholders of joint stock companies have several rights. the most typical categorization of shareholders' right is financial and non-financial right. every one's intention of investing in commercial companies is to make profit; hence, the most important right of shareholders is to enjoy the dividend of the company. this right is a financial one. furthermore, after dissolution of the...

the basic model for valuation of firm is the dividend discount model (ddm). when investors buy stocks, they expect to receive two types of cash flow: dividend in the period during which the stock is owned, and the expected sales price at the end of the period. in the extreme example, the investor keeps the stock until the company is liquidated; in such a case, the liquidating dividend becomes t...

Due to the sublimation and perfection of human knowledge in economics, the concept of efficiency developed in the past two decades and the measurement of it, based on different theories and practice. In economics, efficiency means the maximum of possible output from a certain amount of input. The efficiency is very important for developing countries Because these countries face to a shortage of...

majority rule has been a fundamental principle of corporate governance in the corporations and corporation laws of most countries including england and iran. according to it, shareholders who hold the majority of the corporate shares will take collective decisions in joint stock companies and once taken such decisions will bind the company and every company member even those who were in the min...

Five Iranian native silkworm groups: Baghdad, Khorasan Orange, Guilan Orange, Khorasan Pink, Khorasan Lemon, and 107 and 110 commercial lines (12 families from each breed) were randomly selected and reared during 2003-2005 (five generations in spring and autumn). In each family, 30 male and 30 female cocoons were individually recorded for weight, shell weight and shell ratio. From among the nat...