انجمن علوم سیاسی ایران پژوهشنامه علوم سیاسی 1735790X 13 1 2018 02 20 THE STUDY OF RELATIONSHIP BETWEEN THE GOVERNMENT POLITICAL SUPPORT AND THE RELATIVE PROFITABILITY OF COMPANIES LISTED IN TEHRAN STOCK EXCHANGE THE STUDY OF RELATIONSHIP BETWEEN THE GOVERNMENT POLITICAL SUPPORT AND THE RELATIVE PROFITABILITY OF COMPANIES LISTED IN TEHRAN STOCK EXCHANGE THE STUDY OF RELATIONSHIP BETWEEN THE GOVERNMENT POLITICAL SUPPORT AND THE RELATIVE PROFITABILITY OF COMPANIES LISTED IN TEHRAN STOCK EXCHANGE THE STUDY OF RELATIONSHIP BETWEEN THE GOVERNMENT P بررسی رابطه بین حمایت سیاسی دولت و سودآوری نسبی شرکت‌های فعال در بورس اوراق بهادار تهران 167 190 341 FA رضا غلامی جمکرانی دانشگاه آزاد اسلامی واحد قم 0000-0002-8246-9157 علی لعل بار دانشگاه آزاد اسلامی واحد اراک بهارک ترخونی دانشگاه پیام نور Journal Article 2017 04 26 The relative profitability of companies in the industry as a competitiveness measurement reflects company's business strengths and weaknesses. Relative profitability is influenced by the company's operational decisions that are associated with decisions of other companies in industry. Therefore, this operational dependence among competing companies affects company's cash flows and influence the stock returns behavior. So this study assessed “the effect of the government political support on the relative profitability”. The statistical sample is consisted of 141 companies listed in the Tehran Stock Exchange during the years 2010-2014 that have been selected using Systematic Elimination Method being totally 705 years-firm. To evaluate the hypotheses, the linear regression has been used. To analyze the data and test hypotheses, the EVIEWS software has been used. According to the regression results, the following findings have been achieved: 1. There is a direct and significant relationship between the government political support and company’s relative profitability. 2. There is a direct and significant relationship between the economic dimension of government political support and company’s relative profitability. 3. There is a direct and significant relationship between the social dimension of government political support and company’s relative profitability. <span style="font-size: 14.0pt; font-family: "2 Lotus"; mso-ascii-font-family: "Times New Roman"; mso-fareast-font-family: Calibri; mso-hansi-font-family: "Times New Roman"; mso-bidi-language: FA; mso-ansi-font-style: italic;" lang="FA">سودآوری نسبی شرکت در صنعت به عنوان یک سنجه رقابت<span style="font-size: 14.0pt; font-family: "2 Lotus"; mso-ascii-font-family: "Times New Roman"; mso-fareast-font-family: Calibri; mso-hansi-font-family: "Times New Roman"; mso-bidi-language: FA; mso-ansi-font-style: italic;" lang="FA">پذیری، نقاط قوت و ضعف تجاری شرکت را منعکس می<span style="font-size: 14.0pt; font-family: "2 Lotus"; mso-ascii-font-family: "Times New Roman"; mso-fareast-font-family: Calibri; mso-hansi-font-family: "Times New Roman"; mso-bidi-language: FA; mso-ansi-font-style: italic;" lang="FA">کند. سودآوری نسبی تحت تأثیر تصمیمات عملیاتی شرکت است که با تصمیمات سایر شرکت<span style="font-size: 14.0pt; font-family: "2 Lotus"; mso-ascii-font-family: "Times New Roman"; mso-fareast-font-family: Calibri; mso-hansi-font-family: "Times New Roman"; mso-bidi-language: FA; mso-ansi-font-style: italic;" lang="FA">های صنعت ارتباط دارد. بنابراین، این وابستگی عملیاتی بین شرکت‌های رقیب، جریان<span style="font-size: 14.0pt; font-family: "2 Lotus"; mso-ascii-font-family: "Times New Roman"; mso-fareast-font-family: Calibri; mso-hansi-font-family: "Times New Roman"; mso-bidi-language: FA; mso-ansi-font-style: italic;" lang="FA">های نقدی شرکت<span style="font-size: 14.0pt; font-family: "2 Lotus"; mso-ascii-font-family: "Times New Roman"; mso-fareast-font-family: Calibri; mso-hansi-font-family: "Times New Roman"; mso-bidi-language: FA; mso-ansi-font-style: italic;" lang="FA">ها را تحت تأثیر قرار داده و بر رفتار بازده سهام شرکت‌ها تأثیر می<span style="font-size: 14.0pt; font-family: "2 Lotus"; mso-ascii-font-family: "Times New Roman"; mso-fareast-font-family: Calibri; mso-hansi-font-family: "Times New Roman"; mso-bidi-language: FA; mso-ansi-font-style: italic;" lang="FA">گذارد<span style="font-size: 14.0pt; font-family: "2 Lotus"; mso-ascii-font-family: "Times New Roman"; mso-fareast-font-family: Calibri; mso-hansi-font-family: "Times New Roman"; mso-bidi-language: FA; mso-ansi-font-style: italic;" lang="FA">،<span style="font-size: 14.0pt; font-family: "2 Lotus"; mso-ascii-font-family: "Times New Roman"; mso-fareast-font-family: Calibri; mso-hansi-font-family: "Times New Roman"; mso-ansi-font-style: italic;" lang="FA"> <span style="font-size: 14.0pt; font-family: "2 Lotus"; mso-ascii-font-family: "Times New Roman"; mso-fareast-font-family: Calibri; mso-hansi-font-family: "Times New Roman"; mso-bidi-language: FA; mso-ansi-font-style: italic;" lang="FA">لذا <span style="font-size: 14.0pt; font-family: "2 Lotus"; mso-ascii-font-family: "Times New Roman"; mso-fareast-font-family: Calibri; mso-hansi-font-family: "Times New Roman"; mso-ansi-font-style: italic;" lang="AR-SA">در تحقیق حاضر به بررسی تأثیر <span style="font-size: 14.0pt; font-family: "2 Lotus"; mso-ascii-font-family: "Times New Roman"; mso-fareast-font-family: Calibri; mso-hansi-font-family: "Times New Roman"; mso-bidi-language: FA; mso-ansi-font-style: italic;" lang="FA">حمایت سیاسی دولت بر سودآوری نسبی<span style="font-size: 14.0pt; font-family: "2 Lotus"; mso-ascii-font-family: "Times New Roman"; mso-fareast-font-family: Calibri; mso-hansi-font-family: "Times New Roman"; mso-ansi-font-style: italic;" lang="AR-SA"> پرداخته شده است. نمونه آماری مشتمل بر 141 شرکت فعال در بورس اوراق بهادار تهران در طی سال‌های 1389 تا 1393 بوده که با روش حذف سیستماتیک انتخاب شده <span style="font-size: 14.0pt; font-family: "2 Lotus"; mso-ascii-font-family: "Times New Roman"; mso-fareast-font-family: Calibri; mso-hansi-font-family: "Times New Roman"; mso-bidi-language: FA; mso-ansi-font-style: italic;" lang="FA">و<span style="font-size: 14.0pt; font-family: "2 Lotus"; mso-ascii-font-family: "Times New Roman"; mso-fareast-font-family: Calibri; mso-hansi-font-family: "Times New Roman"; mso-ansi-font-style: italic;" lang="AR-SA"> در مجموع 705 <span style="font-size: 14.0pt; font-family: "2 Lotus"; mso-ascii-font-family: "Times New Roman"; mso-fareast-font-family: Calibri; mso-hansi-font-family: "Times New Roman"; mso-ansi-font-style: italic;" lang="AR-SA">سال- شرکت می‌باشند، <span style="font-size: 14.0pt; font-family: "2 Lotus"; mso-ascii-font-family: "Times New Roman"; mso-fareast-font-family: Calibri; mso-hansi-font-family: "Times New Roman"; mso-ansi-font-style: italic;" lang="AR-SA">برای بررسی فرضیات پژوهش از آزمون <span style="font-size: 14.0pt; font-family: "2 Lotus"; mso-ascii-font-family: "Times New Roman"; mso-fareast-font-family: Calibri; mso-hansi-font-family: "Times New Roman"; mso-bidi-language: FA; mso-ansi-font-style: italic;" lang="FA">رگرسیون خطی<span style="font-size: 14.0pt; font-family: "2 Lotus"; mso-ascii-font-family: "Times New Roman"; mso-fareast-font-family: Calibri; mso-hansi-font-family: "Times New Roman"; mso-ansi-font-style: italic;" lang="AR-SA">، <span style="font-size: 14.0pt; font-family: "2 Lotus"; mso-ascii-font-family: "Times New Roman"; mso-fareast-font-family: Calibri; mso-hansi-font-family: "Times New Roman"; mso-ansi-font-style: italic;" lang="AR-SA">جهت تجزیه تحلیل داده<span style="font-size: 14.0pt; font-family: "2 Lotus"; mso-ascii-font-family: "Times New Roman"; mso-fareast-font-family: Calibri; mso-hansi-font-family: "Times New Roman"; mso-ansi-font-style: italic;" lang="AR-SA">ها و آزمون فرضیات تحقیق از نرم افزار Eviews<span style="font-size: 14.0pt; font-family: "2 Lotus"; mso-ascii-font-family: "Times New Roman"; mso-fareast-font-family: Calibri; mso-hansi-font-family: "Times New Roman"; mso-ansi-font-style: italic;" lang="AR-SA"> استفاده شده که نتایج رگرسیون حاکی از آن است که بین حمایت سیاسی دولت و سودآوری نسبی شرکت ارتباط مستقیم و معنی<span style="font-size: 14.0pt; font-family: "2 Lotus"; mso-ascii-font-family: "Times New Roman"; mso-fareast-font-family: Calibri; mso-hansi-font-family: "Times New Roman"; mso-ansi-font-style: italic;" lang="AR-SA">داری، <span style="font-size: 14.0pt; font-family: "2 Lotus"; mso-ascii-font-family: "Times New Roman"; mso-fareast-font-family: Calibri; mso-hansi-font-family: "Times New Roman"; mso-ansi-font-style: italic;" lang="AR-SA">بین بعد اقتصادی حمایت سیاسی دولت و سود<span style="font-size: 14.0pt; font-family: "2 Lotus"; mso-ascii-font-family: "Times New Roman"; mso-fareast-font-family: Calibri; mso-hansi-font-family: "Times New Roman"; mso-ansi-font-style: italic;" lang="AR-SA">آوری نسبی شرکت ارتباط مستقیم و <span style="font-size: 14.0pt; font-family: "2 Lotus"; mso-ascii-font-family: "Times New Roman"; mso-fareast-font-family: Calibri; mso-hansi-font-family: "Times New Roman"; mso-ansi-font-style: italic;" lang="AR-SA">معنی<span style="font-size: 14.0pt; font-family: "2 Lotus"; mso-ascii-font-family: "Times New Roman"; mso-fareast-font-family: Calibri; mso-hansi-font-family: "Times New Roman"; mso-ansi-font-style: italic;" lang="AR-SA">داری و بین بعد اجتماعی حمایت سیاسی دولت و سودآوری نسبی شرکت ارتباط مثبت و <span style="font-size: 14.0pt; font-family: "2 Lotus"; mso-ascii-font-family: "Times New Roman"; mso-fareast-font-family: Calibri; mso-hansi-font-family: "Times New Roman"; mso-ansi-font-style: italic;" lang="AR-SA">معنی<span style="font-size: 14.0pt; font-family: "2 Lotus"; mso-ascii-font-family: "Times New Roman"; mso-fareast-font-family: Calibri; mso-hansi-font-family: "Times New Roman"; mso-ansi-font-style: italic;" lang="AR-SA">داری وجود دارد.

http://www.ipsajournal.ir/article_341_3dd48ab31d016ffcbf3314df2b3cb9ce.pdf