Hossein Rahmandost; Ali Faez
Abstract
This study seeks to examine the impact of financial constraints on the relationship between the management and investment of excess cash held by companies. A total of 90 companies from the companies listed in Tehran Stock Exchange In the period of 1384 to 1391 were selected for the study ...
Read More
This study seeks to examine the impact of financial constraints on the relationship between the management and investment of excess cash held by companies. A total of 90 companies from the companies listed in Tehran Stock Exchange In the period of 1384 to 1391 were selected for the study after some filtration. The results show that changes in excess cash holdings influence capital expenditure of companies have no financial constraints and the impact it has on companies with fewer financial constraints. Other results concerning the effect of board structure and the influence being strong or weak on spending on capital expenditure, showed that the structure of the Board had a significant positive impact on the company so that it can be said that the strengthening the board structure, led to an increase in the amount invested in the companies in question.
Alireza Sayyaf Zadeh
Volume 2, Issue 1 , January 2013, , Pages 42-50
Abstract
In this thesis, an attempt has been made to study in two stages the role of unofficial capitals in rural development. In the first stage, as an introduction to investment in agriculture, the function of official and unofficial capitals is investigated. One of the main aims of the government with respect ...
Read More
In this thesis, an attempt has been made to study in two stages the role of unofficial capitals in rural development. In the first stage, as an introduction to investment in agriculture, the function of official and unofficial capitals is investigated. One of the main aims of the government with respect to rural development is to offer loans through banks. This has some advantages, but also two disadvantages, which has been addressed in this thesis. First, although the rate of interest of such official capitals is relatively low, bureaucratic formalities prevent the majority of farmers from using such loans. Second, the banks that offer loans have no control over the way the loans are spent. In practice, the policy of offering low-interest loans has failed in its aim of rural development. In the second stage, an analytic model was used on33 development indexes (economic, social, fundamental) in 32 villages and Isargaran wholesale fruit center. The purpose was both to evaluate the relation between whole sale fruit centers with rural areas from economic and social points of view and to evaluate the purchasing power of this center and its function and investment power in the whole country .the results of the second stage showed that first, because of developments in transportation and communication, villagers now have a better understanding of the factors influential in the market and the traditional and healthy relation between producers and sellers in the wholesale fruit center has decreased. Second, although the fruit produced in the south of the country are of bad quality, wholesale fruit sellers prefer to buy fruit from the north or the fruit produced in the province. It is to be noted that this wholesale fruit center is rich enough to do investment throughout the country, but so far, it has failed to play a part in the economy at a national level. Finally, an attempt has been made to offer a suitable pattern for the area under study and to attract the attention of policy makers by showing the shortcomings of the present programs.
