Abstract: This study aims to investigate empirically the valuerelevance
of accounting information to domestic investors in Tehran
stock exchange from 1999 to 2006. During the present research
impacts of two factors, including positive vs. negative earnings and
the firm size are considered as well. The authors used earnings per
share and annual change of earnings per share as the income
statement indices, and book value of equity per share as the balance
sheet index. Return and Price models through regression analysis are
deployed in order to test the research hypothesis. Results depicted
that accounting information is value-relevance to domestic investors
in Tehran Stock Exchange according to both studied models.
However, income statement information has more value-relevance
than the balance sheet information. Furthermore, positive vs. negative
earnings and firm size seems to have significant impact on valuerelevance
of accounting information.
Abstract: In order to develop any strategy, it is essential to first
identify opportunities, threats, weak and strong points. Assessment of
technology level provides the possibility of concentrating on weak
and strong points. The results of technology assessment have a direct
effect on decision making process in the field of technology transfer
or expansion of internal research capabilities so it has a critical role
in technology management. This paper presents a conceptual model
to analyze the technology capability of a company as a whole and in
four main aspects of technology. This model was tested on 10
automotive parts manufacturers in IRAN. Using this model,
capability level of manufacturers was investigated in four fields of
managing aspects, hard aspects, human aspects, and information and
knowledge aspects. Results show that these firms concentrate on hard
aspect of technology while others aspects are poor and need to be
supported more. So this industry should develop other aspects of
technology as well as hard aspect to have effective and efficient use
of its technology. These paper findings are useful for the technology
planning and management in automotive part manufactures in IRAN
and other Industries which are technology followers and transport
their needed technologies.