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Asian Journal of Research in Banking and Finance
Year : 2014, Volume : 4, Issue : 4
First page : ( 156) Last page : ( 171)
Online ISSN : 2249-7323.

Identifying effective factors on profit of public equity firms

Faeza Ali, Ilka Mariab

aDepartment of Management, Semnan branch, Islamic Azad University, Semnan, Iran

bDepartment of Accounting, Semnan branch, Islamic Azad University, Semnan, Iran

Online published on 15 April, 2014.

Abstract

Identification of influential factors of firms has always been one of the main concerns for both academics and practitioners in the realm of finance. The aim of this study is to identify the role of managers of the firms on this issue. Statistical society of this research is all the public equity firms of Tehran which are registered in Tehran Stock Exchange. The sample is 61 of those firms in different industries. Results show that those registered firms who have board of managers with more independency have reported more profit at the end of their financial year. Managerial implications are presented and directions for future studies are shown at the end of this research.

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Keywords

Profit management, managerial board, public equity.

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