Valuation

The concept of value is of great importance for investors. The goal of different groups of investors is always to maximize the value of their capital. The aim of this research is developing factors effective on securities in capital market in order to develop a paradigm for fair valuation that leads investors to make better decisions. To study fair value in a precise and comprehensive way, effective variables are divided into three main categories. First: evaluation variables including cash flow (income quality), discount rate, and earnings per share; second: intra-organizational variables of corporate governance including the type of ownership (the number of institutional investors), management quality (the number of boards in charge or centralized management as well as the number of  non-in charge board of directors or decentralized management), the amount of reward, compensation and quality of organizational structure; third: variables relating to reporting quality such as offering reliable and on time information. Other variables such as firm size and operation cycle (complexity of business environment) have also been studied. And according to selected sample, methods and statistical analysis, a paradigm for fair valuation has been developed.

The present article will discuss the issue of compensation in cases of expropriation and nationalization in the light of the Iran-United States Claims Tribunal. It is a well recognized rule in international law that the property of alien cannot be taken without appropriate compensation. But, the standard of compensation for expropriated private property has been the subject of controversy between Western and developing countries since the end of World War II. In alters woads, the standard to be applied in determining compensation remained a controversial issue at a theoretical level. The main argument has been whether the traditional standard of full compensation is a general rule of law applicable in all cases. In this article, awards of the Iran-US Claims Tribunal have been wseof in an attempt to show that the prevailed rules defy any conclusion that full compensation must be paid in all cases when foreign property is taken by the State.

The purpose of the current work, conducted in 2017 and 2018, is to identify andprioritize the qualitative and quantitative factors affecting human resources(HR) valuation at National Iranian Oil Company and its subsidiaries. Using asnowball sampling method, 28 experts were selected from the head of humanresources, the head of finance, and some staff members of National IranianOil Company and its subsidiaries. In order to identify the dimensions andcomponents affecting human resources valuation, a comprehensive literaturereview at international and national levels, interviews with experts, andthree stages of distribution and collection of questionnaires using the FuzzyDelphi method were performed. Then, two phases of the paired comparisonquestionnaire were developed and provided for the experts to explain andevaluate the cause-and-effect relationships between the dimensions andthe components together. The specified components and dimensions wereprioritized using the Fuzzy DEMATEL method. Using the Fuzzy Delphimethod, 15 dimensions and 101 components influencing HR valuation wereidentified at National Iranian Oil Company and its affiliated companies.According to Pareto 20-80, 20 components were identified as the factorsinfluencing human resources valuation at National Iranian Oil Company andits subsidiaries, and using the Fuzzy DEMATEL method, 15 dimensionsand 20 specified components were prioritized. According to the resultsobtained, the most important dimension and component affecting humanresources valuation at National Iranian Oil Company and its subsidiaries arejob satisfaction, motivation, and perseverance in employees’ assignments.

The purpose of the present article is to design indicators and variables that represent the value of volleyball players. This research method is applied, which was done in a quantitative and qualitative way. The research tool was a semi-structured interview with experts in the field of player valuation. In this research, the statistical population included all the experts and specialists in human resources and financial management issues in sports, and also volleyball experts. The sample size included a number of volleyball sports experts who expressed their ideas to determine the variables. A total of 60 variables were extracted, of which 40 are quantitative indicators and 20 are qualitative indicators. These indicators are not only effective in the selection of players, but can also determine the price and final value of the players.