ISSN 2167-0439
International Journal of Management and Business Studies ISSN 2167-0439 Vol. 5 (1), pp. 157-167, January, 2015. © International Scholars Journals
Full Length Research Paper
The significance of efficiently run companies in Iran: The case of companies in Golestan Province
1Safai Abubakr, 1Shukria Barakzai and 2Joya Shakiba
1Department of management and Accounting, Aliabad Katoul Branch,Islamic Azad University, Aliabad Katoul, Iran.
2Department of Finance, Faculty of Economic, Kabul University, Kabul, Afghanistan. *Corresponding author. E-mail: [email protected].
Accepted 09 August, 2014
Abstract
This research has a practical purpose and is a descriptive retrospective study conducted over a period from 2000 to 2011. The main purpose of the current study is to measure the productivity of selected industries and companies listed in the companies in Golestan Province of Iran. Company performance can be assessed in two different ways. One way is to take into account company productivity, and the other way is to evaluate companies based on their annual accounting reports extracted from company financial information (Kitaeva, 2003). According to the experiences gained in industrial countries, having an implementation of a proper evaluating system of productivity and even without any changes can increase productivity by 5 to 10% (Mahboubi, 2003). From the results which show the significance test for the hypothesis of the coefficients of R, it is clear that the level of statistic significance (Sig), error rate test for independent variables is 5%.
Key words: Productivity, total factors productivity (TFP), strategic, Golestan Province.