Determinants of Intangible Investments in Iranian Firms
The aim of this research is to investigate determinants of firm's intangible investments. The model of Arefmanesh and Rahmani (1394) was used to measure unrecorded and total intangibles. According to literature, Determinants were identified. Structural Equation Model by Partial Least Squares (P...
| Main Authors: | , |
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| Format: | Article |
| Language: | fas |
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Alzahra University
2017-08-01
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| Series: | راهبرد مدیریت مالی |
| Subjects: | |
| Online Access: | http://jfm.alzahra.ac.ir/article_2871_9b256849ed88f248e2a2168de7cf7f8e.pdf |
| _version_ | 1818382323572277248 |
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| author | Ali Rahmani Zohreh Arefmanesh |
| author_facet | Ali Rahmani Zohreh Arefmanesh |
| author_sort | Ali Rahmani |
| collection | DOAJ |
| description | The aim of this research is to investigate determinants of firm's intangible investments. The model of Arefmanesh and Rahmani (1394) was used to measure unrecorded and total intangibles. According to literature, Determinants were identified. Structural Equation Model by Partial Least Squares (PLS) path modeling was used to analyze determinants of firm's intangible investments. Analyzing of data panel of 143 firms from 1386 to 1392 indicate firm specific characteristics have significant influence in intangible investments. Firm's Profitability and leverage have positive influence and firm's size has negative influence on firm's intangible investments. Furthermore, results indicate positive effects of industry kind on intangible assets. On the other hand, high and intermediate high tech firms do more intangible investments. Additionally results show that barriers to entry have negative effect on firm's intangible investments. According to research findings from corporate governance mechanisms, only size of board of directors and institutional owners have negative influence and independence of board have positive influence on intangible assets. |
| first_indexed | 2024-12-14T02:48:39Z |
| format | Article |
| id | doaj.art-6881e513c9504e789fda59f691e8d574 |
| institution | Directory Open Access Journal |
| issn | 2345-3214 2538-1962 |
| language | fas |
| last_indexed | 2024-12-14T02:48:39Z |
| publishDate | 2017-08-01 |
| publisher | Alzahra University |
| record_format | Article |
| series | راهبرد مدیریت مالی |
| spelling | doaj.art-6881e513c9504e789fda59f691e8d5742022-12-21T23:19:49ZfasAlzahra Universityراهبرد مدیریت مالی2345-32142538-19622017-08-0152779910.22051/jfm.2017.13106.12212871Determinants of Intangible Investments in Iranian FirmsAli Rahmani0Zohreh Arefmanesh1alzahra universityyazd universityThe aim of this research is to investigate determinants of firm's intangible investments. The model of Arefmanesh and Rahmani (1394) was used to measure unrecorded and total intangibles. According to literature, Determinants were identified. Structural Equation Model by Partial Least Squares (PLS) path modeling was used to analyze determinants of firm's intangible investments. Analyzing of data panel of 143 firms from 1386 to 1392 indicate firm specific characteristics have significant influence in intangible investments. Firm's Profitability and leverage have positive influence and firm's size has negative influence on firm's intangible investments. Furthermore, results indicate positive effects of industry kind on intangible assets. On the other hand, high and intermediate high tech firms do more intangible investments. Additionally results show that barriers to entry have negative effect on firm's intangible investments. According to research findings from corporate governance mechanisms, only size of board of directors and institutional owners have negative influence and independence of board have positive influence on intangible assets.http://jfm.alzahra.ac.ir/article_2871_9b256849ed88f248e2a2168de7cf7f8e.pdfintangible assetsBarriers to EntryFirm Specific CharacteristicsIndustry Specific CharacteristicsCorporate Governance |
| spellingShingle | Ali Rahmani Zohreh Arefmanesh Determinants of Intangible Investments in Iranian Firms راهبرد مدیریت مالی intangible assets Barriers to Entry Firm Specific Characteristics Industry Specific Characteristics Corporate Governance |
| title | Determinants of Intangible Investments in Iranian Firms |
| title_full | Determinants of Intangible Investments in Iranian Firms |
| title_fullStr | Determinants of Intangible Investments in Iranian Firms |
| title_full_unstemmed | Determinants of Intangible Investments in Iranian Firms |
| title_short | Determinants of Intangible Investments in Iranian Firms |
| title_sort | determinants of intangible investments in iranian firms |
| topic | intangible assets Barriers to Entry Firm Specific Characteristics Industry Specific Characteristics Corporate Governance |
| url | http://jfm.alzahra.ac.ir/article_2871_9b256849ed88f248e2a2168de7cf7f8e.pdf |
| work_keys_str_mv | AT alirahmani determinantsofintangibleinvestmentsiniranianfirms AT zohreharefmanesh determinantsofintangibleinvestmentsiniranianfirms |