TY  - JOUR
T1  - The Relationship Between Fixed Assets’ Revaluation and Future Performance of
Companies Listed on Tehran Stock Exchange
AU - sharifabadi, Abbas Alimoradi AU - Jamshidian, Abdolhamid 
JO  - International Business Management
VL  - 10
IS  - 25
SP  - 5904
EP  - 5915
PY  - 2016
DA  - 2001/08/19
SN  - 1993-5250
DO  - ibm.2016.5904.5915
UR  - https://makhillpublications.co/view-article.php?doi=ibm.2016.5904.5915
KW  - operating cash flow
KW  -Capital increase
KW  -fixed assets revaluation
KW  -future performance
KW  -operating profit
AB  - The capital increaseseems to beoneof the most importantmanagement decisionswhich may affect the
creditors and investors decisions. On the other hand, operating profit and operating cashflows is a critical
issue for eachbusiness unit. Investors, creditors and financial analysts try to maximize their wealth through
analysis of operating income and operating cashflows data and its impact on future performance. In the present
studythe relationship between capital increase and future performanceis investigated. In this regard, for the
first time in Iran, it is attempted to distinct between capital increases via fixed assets revaluation and other
resources and assesses their differences. Also, the proxy for future performance is considered to be operating
profit and operating cash flows. In order totest the hypothesis, multivariate regression models using panel data
from a sample of 246 companies listed in Tehran Stock Exchange from 2010-2014 is employed. The results show
that there is a significant relationship between the capital increases using both fixed assets revaluation and
other resources and companies future performance. Based on these results it might be concluded that capital
increase could improve the companies’ future performance, no matter what is the base of that.
ER  -