financial

Due to the sublimation and perfection of human knowledge in economics, the concept of efficiency developed in the past two decades and the measurement of it, based on different theories and practice. In economics, efficiency means the maximum of possible output from a certain amount of input. The efficiency is very important for developing countries Because these countries face to a shortage of inputs, production factors and technologies. So the usage of existing resources is critical for these countries. This paper aims to evaluate and rank the financial performance of the chemical firms listed in Tehran stock exchange. We Use the data environment analysis and TOPSIS methods. This research includes one major question that which company performs better due to the financial ratios. The sample includes the firms in Tehran Stock Exchange within a 3-year period (2013-2015). The Results show that Ahvas Petrochemical company, Persian Gulf Petrochemical Industry company and Iran Chemical Industries company are more efficient than others.

During the past two decades business and manufacturing have observed significant and radical changes. Companies have used automation in the manufacturing, in order to improve quality and competency. It was expected that along with these changes, management accounting systems, which focus on monitoring and analyzing management decisions, should adapt with and encourage the changes. Many authors have claimed that management accounting systems have not helped the suitable business and manufacturing strategies in the new environment. Some even claim that it has hindered investing in advanced manufacturing technology and productivity. This research, by analyzing information collected from 101 Iranian business units from various industries and manufacturing settings, investigates justification basis for capital investment in advanced manufacturing technology. The study demonstrates that there is more correlation between qualitative factors such as; manufacturing capabilities, improved product quality and, competition position with investment justification than quantitative bases such as; accounting rate of return (ARR), internal rate of return (IRR) and, net present value (NPV).