The Role of Management Accounting in Improving Management Control System in Public Sector

Hossein Salmanzadeh; Gholamreza Kordestani; Hossein Kazemi

Volume 6, Issue 1 , January 2022, , Pages 54-82

https://doi.org/10.30699/ijf.2021.279013.1211

Abstract
  The management control system provides valuable information on the managers' needs at different levels of the organization. Today, with changes in the political, social and economic dimensions, the management control system in the public sector also needs to be changed and adapted to new conditions and ...  Read More

The Effect of Corporate Social Responsibility Performance on Financial Distress over the Life Cycle Using the Directional Distance Function

Hassan Koohi; Majid Ashrafi; Ebrahim Abbasi; Jomadoordi Gorganli Davaji

Volume 6, Issue 3 , May 2022, , Pages 54-82

https://doi.org/10.30699/ijf.2022.294682.1251

Abstract
  Rising inflation in recent years has caused financial distress and many problems for companies. Most of these problems are affected by life cycle stages. One way out of these problems is to increase corporate social responsibility (CSR) performance. Therefore, our aim in this study is to investigate ...  Read More

Drivers Affecting Bitcoin Adoption as a Payment Mechanism in the Tourism Industry

Mehdi Daryaei; Reza Radfar; Javad Jassbi; Abbass Khamseh

Volume 6, Issue 4 , 2022, , Pages 56-80

https://doi.org/10.30699/ijf.2022.313006.1285

Abstract
  While travelers' desire to visit the world's most remote places has grown, the inefficiency of global payments indicates a significant barrier to tourism growth. As an emerging, decentralized, and borderless digital innovation, Bitcoin technology seems to have the ability to serve as a payment alternative ...  Read More

Studying the Moderating Role of Audit Committee Independence in the Relationship between CEO Narcissism and Real Earnings Management

Roozbeh Sardari; Mohammadreza Setayesh; Hamidreza Kordlouie; Bahman Banimahd

Volume 5, Issue 3 , July 2021, , Pages 58-77

https://doi.org/10.30699/ijf.2021.247085.1155

Abstract
  A manager’s personality and psychological attributes may influence his or her performance, thereby affecting the quality of financial reporting by companies. On the one hand, today there is an increasing requirement for protecting the interests of investors as providers of investment and the most ...  Read More

A Profitable Portfolio Allocation Strategy Based on Money Net-Flow Adjusted Deep Reinforcement Learning

Samira Khonsha; Mehdi Agha Sarram; Razieh Sheikhpour

Volume 7, Issue 4 , 2023, , Pages 59-89

https://doi.org/10.30699/ijf.2023.364455.1369

Abstract
  Portfolio allocation with Deep Reinforcement Learning (DRL) has been the focus of many researchers. In investing, a portfolio optimization strategy is selecting assets that maximize return on investment while minimizing the risk. Asset optimization involves balancing risk and return, where stock returns ...  Read More

Analysis of Collective Behavior of Iran Banking Sector by Random Matrix Theory

Reza Raei; Ali Namaki; Hanie Vahabi

Volume 3, Issue 4 , October 2019, , Pages 60-75

https://doi.org/10.22034/ijf.2019.111729

Abstract
  Banked based financial sector of Iran leads us to focus on the banking industry and its components. One of the important aspects of this industry is its coupling structure. In this paper, we have analyzed the collective behavior of Iran banking sector by Random Matrix Approach (RMT). This technique is ...  Read More

Measuring value at risk using short-term and long-term memory of GARCH models based on switching approach to form an optimal stock portfolio

Shaghayegh Mahboubi Zadeh; Hassan Ghalibaf Asl

Volume 5, Issue 1 , January 2021, , Pages 61-90

https://doi.org/10.30699/ijf.2021.123045

Abstract
  Value at Risk model based on a switching regime approach was used in this study to optimize portfolios consisting of industry index (petroleum products, investment, chemical products, and metal products). For this purpose, the VaR of returns on index should first be extracted through parametric models ...  Read More

Information Content of Rating Banks Using Early Warnings Indicators

Shoeib Abbasi; Amin Nazemi; Navid Reza Namazi

Volume 5, Issue 4 , November 2021, , Pages 64-86

https://doi.org/10.30699/ijf.2021.274065.1201

Abstract
  It is necessary for decision-makers to have a rating system in the banking industry in order to reflect the banks' status and performance. Although most institutions across the countries have rating banks and financial institutions, there is a lack of a comprehensive rating system across Iranian banks. ...  Read More

Review of Effects of Internal and External Factors on Selection of Financing Strategies by New Technology Ventures

Ali Naeej Haghighi; Parviz Saeidi

Volume 4, Issue 4 , 2020, , Pages 66-101

https://doi.org/10.30699/ijf.2020.121647

Abstract
  New technology ventures currently play a key role in the economic performance of countries. Financing methods are among strategic issues facing entrepreneurs for launching a business, which must be reviewed by researchers and policymakers of finance and investment; thereby new technology ventures are ...  Read More

Investigating the Effect of Environmental Uncertainty on the Relationship between Herd Behavior and Negative Price Shock in TSE

Mohammad Javad Zare Bahnamiri; Hossein Michaghani

Volume 7, Issue 1 , 2023, , Pages 66-84

https://doi.org/10.30699/ijf.2022.324531.1305

Abstract
  The purpose of this study was to investigate the effect of peripheral uncertainty on the relationship between the herd behavior of investors and the price of negative stock shock. Because the capital market is one of the main pillars of the country's economic growth and development, the incidence of ...  Read More

Do risk disclosure increase firms’ value?

Soghra Fasihi; Seyed Ali Hosseini

Volume 4, Issue 2 , April 2020, , Pages 67-76

https://doi.org/10.22034/ijf.2020.232416.1132

Abstract
  Investors pay special attention to risk criteria in assessing the status of companies. So companies can help attract investment by disclosing important risks. So, it is expected that risk disclosure through decreasing information asymmetric between managers and investors can reduce uncertainty and lead ...  Read More

Predicting Optimal Portfolio by Algorithm Analysis Systems

Mehdi Mehdi darvishan; Mohammadreza Abdoli; Mohammad Mehdi Hosseini; Esmail Alibeiki

Volume 7, Issue 2 , 2023, , Pages 68-93

https://doi.org/10.30699/ijf.2022.280061.1215

Abstract
  Choosing the proper investment mechanism is one of the main tasks of any investor that requires careful analysis and research on all available information. Since no investor exactly knows whether his or her expectations for a particular stock return will be met, they need to build their strategy in such ...  Read More

.Modeling the selection of the optimal stock portfolio based on the combined approach of clustered value at risk and Mental Accounting

seyedeh farrokh Nikoo; Shahabeddin Shams; Reza Tehrani; Mohsen Seighali

Volume 5, Issue 2 , April 2021, , Pages 70-94

https://doi.org/10.30699/ijf.2021.265185.1187

Abstract
  This paper concentrates on the modelling of optimal stock portfolio selection based on Risk Assessment and Behavioral Financial Approach Mental Accounting and 28 expert’s opinion. In this approach developing the model approved by the opinion of academic and practical experts using quantitative ...  Read More

Portfolio Optimization based on the Risk Minimization by the Weight-Modified CVaR vs. CVaR Method

Mohammad Esmaeil Fadaeinejad; Mohamad Taghi Vaziri; Hossein Asadi; Mohammad Javad Faryadras

Volume 6, Issue 2 , April 2022, , Pages 70-94

https://doi.org/10.30699/ijf.2021.311328.1281

Abstract
  Given the lack of a specific approach to the explanation of values of optimal portfolio weights in the portfolio optimization, the present study aimed to examine large-scale portfolio optimization according to both stock weighting and utilization of SCAD function to minimize the portfolio risk based ...  Read More

Developing an Internal Control Model for the Social Security Organization of Iran with a Risk Management Approach

Hamzeh Mohammadi Khoshouei; Esmail Kazemi; Mohsen Dastgir

Volume 7, Issue 3 , 2023, , Pages 73-94

https://doi.org/10.30699/ijf.2023.362319.1366

Abstract
  This study aimed to develop an internal control model for the Iranian Social Security Organization with a risk management approach. This exploratory study is applied in terms of objective, and the statistical population comprised 340 employees in the financial department of the Iranian Social Security ...  Read More

The Relationship between Audit Fees and Stock Price Crash Risk

Zabihollah Khani; Hossein Rajabdorri

Volume 3, Issue 4 , October 2019, , Pages 76-89

https://doi.org/10.22034/ijf.2020.187841.1027

Abstract
  The purpose of this study is to examine the relationship between audit fees and stock price crash risk. The study period is from 2013 to 2017 and the selected sample consists of 110 companies listed on Tehran Stock Exchange (TSE). To test the hypotheses of the research, the ordinary least squares regression ...  Read More

The Effect of CEO Overconfidence on Overinvestment: An Analysis of the Role of Inflation Uncertainty in the Capital Market

Hossein Alidadi; Mohammad Reza Abdoli; Farhad Dehdar

Volume 4, Issue 2 , April 2020, , Pages 77-96

https://doi.org/10.22034/ijf.2020.234474.1136

Abstract
  Investment is seen as one of the most important and influential factors in economic growth and development. It is directly affected by managers' approaches to decision-making because identifying the best investment opportunities to achieve ideal returns is one of the expectations that shareholders and ...  Read More

Offering Catastrophic Risk Management Framework by Alternative Risk Transfer Instruments to Islamic Capital Market with Cat Takaful (CT) Sukuk

Hosaine Hasangholipoure; Ebrahim Chirani; Seyed mozaffar Mirbargkar; Sina Kheradyar

Volume 5, Issue 3 , July 2021, , Pages 78-107

https://doi.org/10.30699/ijf.2021.247524.1156

Abstract
  Out of 64 possible catastrophic events in the whole world, about 34 of them have been experienced in Iran; more than 80% of the regions are exposed to natural disasters risks such as earthquakes exposure. Domestic insurance capacity does not cover this volume of risk and the need for external reinsurance ...  Read More

The Relationship between Technology Use Factors based on the Developed Unified Theory of Acceptance and Use of Technology with Auditors' Ethical Behavior

Hossein Rajabdorri; Hamidreza Vakilifard; Hojjatollah Salari; Ali Amiri

Volume 4, Issue 3 , July 2020, , Pages 80-102

https://doi.org/10.22034/ijf.2020.242095.1145

Abstract
  This study aims to investigate the relationship between technology use factors based on the developed unified theory of acceptance and use of technology (DUTAUT) with auditors' ethical behavior. This research is applied and descriptive-correlational and its population include various auditors of Iran, ...  Read More

Forecasting Financial Time Series Using Deep Learning Networks: Evidence from Long-Short Term Memory and Gated Recurrent Unit

Mohammadreza Ghadimpour; Seyed babak Ebrahimi

Volume 6, Issue 4 , 2022, , Pages 81-94

https://doi.org/10.30699/ijf.2022.313164.1286

Abstract
  The ability to predict the stock market and analyze market trends is invaluable to researchers and anyone interested in investing. However, this task is a challenging problem due to a large number of parameters and unpredictable noise that may affect the stock price. To overcome this issue, researchers ...  Read More

The Impact of Anchoring Bias and Disposition Effect on Momentum Profit: The Role of Stock Liquidity

Fatemeh Soltani; Afsaneh Soroushyar; Masoud Fooladi

Volume 6, Issue 1 , January 2022, , Pages 83-116

https://doi.org/10.30699/ijf.2021.293531.1249

Abstract
  Researchers examined anomalies in the market to understand the market dimensions. Prior studies considered the effects of biases on momentum strategy. Stock liquidity as one of the risk factors for assets was also considered by researchers. The purpose of this study is to examine the role of stock liquidity ...  Read More

Managerial Ability and Investors Protect: Test of Stimulating Decision-Making Functions by Devil's Advocate Theory

Mohammad Mehdi Mohammadi; Mehdi Safari Gerayli; Maryam Shahri; Hasan Valiyan; Farhad Dehdar

Volume 6, Issue 3 , May 2022, , Pages 83-115

https://doi.org/10.30699/ijf.2022.296805.1254

Abstract
  The efforts of the developers of capital market laws and regulations over the past years have been aimed at increasing the level of information transparency to create more symmetry between companies and shareholders so that they can be more attractive to investors to invest in the stock market. But given ...  Read More

A Genetic algorithm for Objective formulation effect on the shortfall of retirees in developing countries: a case study in Iran

Ezatollah Abbasian; Mohammad Ali Kamali

Volume 7, Issue 1 , 2023, , Pages 85-104

https://doi.org/10.30699/ijf.2022.282540.1221

Abstract
  The certainty about retirement income is dependent on the longevity and the selected investment policy by individuals during their working years. Attention to longevity and investment risks is of high significance in making enough income for retirees. In this research, the impact of the objective formulation ...  Read More

Stock Portfolio Optimization Using a Combined Approach of Relative Robust Risk Parity

Sayed Mohammad Ebrahim Mirmohammadi; Mehdi Madanchi zaj; Hossein Panahian; Hossein Jabbary

Volume 5, Issue 4 , November 2021, , Pages 87-106

https://doi.org/10.30699/ijf.2021.269599.1193

Abstract
  Risk parity is perceived as one of the stock portfolio selection models that have received a lot of attention since the US financial crisis in 2008. The philosophy of this model is to allocate the same amount of portfolio risk between the constituent assets. In the present study, the combined portfolio ...  Read More

Evaluating and Comparing Systemic Risk and Market Risk of Mutual Funds in Iran Capital Market

Fereshteh Shahbazin; Hasan Ghalibaf Asl; Mohen Seighali; Moslem Peymani Foroushani

Volume 3, Issue 4 , October 2019, , Pages 90-112

https://doi.org/10.22034/ijf.2020.231342.1127

Abstract
  Mutual funds are one of the most paramount investment mechanisms in financial markets. By playing a financial intermediary role, they give nonprofessionals access to professionally managed portfolios of securities and provide numerous benefits for both the capital market and investors simultaneously. ...  Read More