Investigating the relationship between privatization and information efficiency, regime switch and structural failure in the Iranian economy

Hassan Galibaf Asl; Masoomeh Torkaman Ahmadi

Volume 1, Issue 1 , July 2017, Pages 7-28

http://dx.doi.org/10.22034/ijf.2017.58433

Abstract
  Increased government revenues and improved economic efficiency are the main goals of implementing privatization and regime switch in Iran. Information efficiency in the capital market can also be considered as a milestone for increased government revenues and improved economic efficiency. In this study, ...  Read More

Default Risk and Momentum Effect; Some Evidence from Tehran Stock Exchange

Maysam Ahmadvand; Seyedeh Mahboobeh Jafari; Hamidreza Kordlouie

Volume 1, Issue 1 , July 2017, Pages 29-46

http://dx.doi.org/10.22034/ijf.2017.58445

Abstract
  The purpose of this paper is to analyze the relationship between default risk and momentum effect using data from companies listed on Tehran Stock Exchange.To calculate default risk,we used Black-Scholes-Merton (BSM) option pricing model. To describe momentum effect, by determining the formation period ...  Read More

Relations between Earnings Management, Pricing Power and Competition Of Industries

Saeed Abdolrahimi; Mohammad Amin Khanlarkhani; Mohammad Mehdi Momenzadeh

Volume 1, Issue 1 , July 2017, Pages 47-71

http://dx.doi.org/10.22034/ijf.2017.58447

Abstract
  Earnings management has a negative effect on earnings quality and it may weaken validity of financial reports. The main focus of researches about earnings management is why companies manipulate earnings. Pricing power of companies can potentially affect earnings management. Since the relation between ...  Read More

Stock Market Returns before and after Brokerage Firms' Fiscal Year-End: The case of Tehran Stock Exchange

Mahmood Pakbaz; Shahin Ahmadi; Majid Feshari

Volume 1, Issue 1 , July 2017, Pages 73-84

http://dx.doi.org/10.22034/ijf.2017.58457

Abstract
  Market efficiency paradigm and time patterns concerned, as "calendar anomalies" is a contradictory issue for researches. TSE's market participants have a negative understanding of the 6th and 12th month of the fiscal year and this issue is rooted in the obliged credit settlement of the brokerage industry ...  Read More

The Relationship between Stock Market Liquidity, Firm Characteristics and Dividend Payout: Evidence from Tehran Stock Exchange

Seyed Ali Seyed Khosroshahi; Parisa Vatankhah

Volume 1, Issue 1 , July 2017, Pages 85-97

http://dx.doi.org/10.22034/ijf.2017.58461

Abstract
  Firms have two choices about earning: paying it out as a dividend, or its reinvestment as a retained earning. In a market without any restrictions on trading, rational investors with liquidity needs can choose between dividend and selling stocks at no cost. In this article, the relationship between trading ...  Read More

Identification of Factors Affecting the Returns and Performance of Financial and Insurance Companies Listed in the Tehran Stock Exchange

farzad rahimzadeh; Esmaeil Dargahi

Volume 1, Issue 1 , July 2017, Pages 99-116

http://dx.doi.org/10.22034/ijf.2017.58462

Abstract
  Banking and insurance industries are the strategic pillars of every country's economy and play a key role in the economy of countries. Without financial and insurance institutions, the financial sector of the country will be no longer effective. Therefore, determining the factors affecting the returns ...  Read More