Investigating the Effect of Profitability and Operating Cash Flow on Trademarks Value
Journal Title: Advances in Mathematical Finance and Applications - Year 2017, Vol 2, Issue 4
Abstract
In the recent years, intangible assets and corporate brand have found a significant importance for corporates. These assets are accounted as essential for value making and even stabilizing the continuation of corporate trend. The purpose of the present study is to investigate the effect of profitability and operating cash flow on trademarks value in accepted corporate in Tehran stock exchange. The data were obtained from a sample of 76 different corporates from 2010 to 2015. The data were analysed using the least regular squares regression and integrated method. Considering the lack reassessment of assets in corporates and the effect of financial statement articles, to avoid the probable false distance between market value and stock book value per share (as assessment index of trademark) stock book value per share has been modified using annual inflation rate. Findings, both before and after modification of commercial values by annual inflation rate showed there was a positive and significant relationship between profitability and operating cash flow and trademarks value in the corporates studied.
Authors and Affiliations
Allah karam Salehi, Fazel Tamoradi
Keywords
Related Articles
- EP ID EP476040
- DOI 10.22034/AMFA.2017.536265
- Views 54
- Downloads 0
The Study of the Effect of Diversification Strategy, Cost Leader-ship Strategies and Product Differentiation on Business Unit Value
Changes in credit risk may arise when either the value or the risk of corporate assets changes. Changes in the equity value associated with the changes in the asset value and changes in asset risk can be characterized in...
Evaluation of the association between company performance and Iran’s stock market liquidity
This research studies the companies’ effectiveness and performance relationship with stock market liquidity in Tehran Stock Exchange during 2010-2015. Simultaneously, in the study, the three indicators: return on assets,...
Designing A Mixed System of Network DEA for Evaluating the Efficiency of Branches of Commercial Banks in Iran
One of the most important applications of data envelopment analysis tech-nique is measuring the efficiency of bank branches. Performance measure-ment in the banking industry is important for several groups, including ban...
Behavioral Finance Models and Behavioral Biases in Stock Price Forecasting
Stock market is affected by news and information. If the stock market is not efficient, the reaction of stock price to news and information will place the stock market in overreaction and under-reaction states. Many mode...
Investigating the Effect of Financial Constraints and Different Levels of Agency Cost on Investment Efficiency
This research attempts to investigate the effect of financial constraints and different levels of agency costs on the investment efficiency of companies in Iran. Following the design of the financial risk assessment inde...