Purpose – The purpose of this paper is to study the effect of organizational change and privatization on the performance of state-owned enterprises (SOEs) using the data from Iranian firms during the period 1998-2006, and to test whether privatization leads to improved performance....

Purpose – This paper aims to investigate the determinants of capital structure of non-financial firms in Iran. Design/methodology/approach – This paper reviews different conditional theories of capital structure to formulate testable propositions concerning the determinants of capital...

Purpose – The purpose of this paper is to analyze the role of intellectual capital (IC) and its relationship with financial performance of Iran insurance companies during the period 2005‐2007. Design/methodology/approach – In total, 39 insurance companies were selected as the sample....

Purpose – The main purpose of the present research is to study the relationship between ownership concentration and the type of ownership, i.e. state, firm (legal persons), individual, family, institutional – on the value of the companies listed in Tehran Stock Exchange (TSE)....

Energy resources in Iran consist of the fourth largest oil reserves and the second largest natural gas reserves in the world. At present, due to political reasons, the investment trend does not go over well. Based on the Fifth Development Strategy, Iran needs $200 billion of investment in the...