Volume 7 (2023)
Volume 6 (2022)
Volume 5 (2021)
Volume 4 (2020)
Volume 3 (2019)
Volume 2 (2018)
Volume 1 (2017)

Iranian Journal of Finance (IJFIFSA), is an open access double-blind peer reviewed publication which is published by Iran Finance Association , one of the leading scientific organizations in the MiddleEast. This journal  is a quaterly publication and publishes  four times a year. All submitted manuscripts are checked for similarity through iThenticate software to ensure their authenticity and originality and then rigorously peer-reviewed by the expert reviewers. This journal is following of Committee on Publication Ethics (COPE) and complies with the highest ethical standards in accordance with ethical laws.

  • plagiarism screening : iThenticate
  • Date of First Publication: Summer 2017
  • Review Process : Double blind peer review
  • Type of Articles: Original Article, Case-Study, Applied Article, Methodologies.
  • Type of Access: Open Access (OA)
  • Start Year open license: 2017 - Vol. 1, No. 1
  • Frequency: Quarterly
  • Document Type: Research Paper, Review
  • Publisher: Iran Finance Association
  • Time to submitted to the reviewers: maximum a week
  • Publication fee: 19.500.000 Rials for publication
  • Language: English
  • Copyright: This Journal is an open access Journal Licensed under the  Creative Commons license (CC-BY 4.0) International License.



Call for Papers

1. The Iranian Journal of Finance (IJFIFSA) invites Researchers, Authors and Specialists to contribute to their Special Issue on behavioral finance and decision making.

Guest Editor:

Mohammad Osoolian, Ph.D., Assistant Prof., Department of Finance, Faculty of Accounting and Management, Shahid Beheshti University, Tehran, Islamic Republic of Iran. Email: m_osoolian@sbu.ac.ir

Guest Editor

Saeid Eslami Bidgoli, Ph.D., Assistant Prof., ECO College of Insurance (ECOI), Allameh Tabatabai University, Tehran, Islamic Republic of Iran. Email: saeed.eb@atu.ac.ir

Guest Editor:

Ali Namaki, Ph.D., Assistant Prof., Department of Finance, Faculty of Management, University of Tehran, Tehran, Islamic Republic of Iran. Emailalinamaki@ut.ac.ir



There is a full Call for Papers at HERE which in includes a description of what is required, dates and submission requirements.




Specific subtitle covered by the journal are:


  1. Corporate Finance
  2. Investments 
  3. Islamic Finance
  4. Financial Markets and Institutions
  5. Financial Engineering and Risk Management
  6. Financial Econometrics and Quantitative Methods
  7. Banking and Insurance



Performance Enhancement Model of Stock Market Portfolio of Iran Social Security Organization

Mohammad Reza Ranjbarfallah; Yeganeh Mosavi Jahromi; Asgr Abolhasani; Abbas Johari

Volume 8, Issue 1 , 2024, Pages 1-25


  This paper primarily aims to introduce a model to enhance the performance of the stock market portfolio of the Iran Social Security Organization. Performance indices were measured using documentary-based research and expert interviews based on theoretical saturation to evaluate the stock portfolio performance ...  Read More

The Role of Firm Characteristics in Predicting Cash Flows from Operating Activities

Mostafa Hashemi Tilehnouei; Javad Nikkar

Volume 8, Issue 1 , 2024, Pages 26-46


  Cash flow forecasting has significantly increased since 2000 due to more attention paid by investors and financial analysts than before. If cash flows can be predicted appropriately, a significant part of the informational needs associated with cash flows will be provided. In this regard, this study ...  Read More

Comparative Analysis of Missing Values Imputation Methods: A Case Study in Financial Series (S&P500 and Bitcoin Value Data Sets)

Mahdi Goldani

Volume 8, Issue 1 , 2024, Pages 47-70


  The accurate imputation of missing values in time series data is paramount for maintaining the integrity and reliability of analyses and predictions. This article investigates the effica-cy of various missing values imputation methods, encom-passing well-known machine learning and statistical tech-niques. ...  Read More

Drivers of Managers' Inertia in Response to Reliable Disclosure of Information

Mohsen Rahmani; Majid Ashrafi; Parviz Sayeedi; Jamadori Gorganli Davaji

Volume 8, Issue 1 , 2024, Pages 71-97


  The flow of information in the capital market is strategically important because it determines the path of investors' decisions. In this decision-making process, the managers of the companies can disclose timely and reliable information based on their cognitive and perceptual characteristics of capital ...  Read More

Fraud Risk Prediction in Financial Statements through Comparative Analysis of Genetic Algorithm, Grey Wolf Optimization, and Particle Swarm Optimization

Zahra Nemati; Ali Mohammadi; Ali Bayat; Abbas Mirzaei

Volume 8, Issue 1 , 2024, Pages 98-130


  Financial statements are critical to users, as the increasing fraud cases have left behind irreversible impacts. Hence, this study aims to identify the appropriate financial ratios for fraud risk prediction in the financial statements of companies listed on the Tehran Stock Exchange within the 2014–2021 ...  Read More

Probability of stock price crash and the expected return of stock under sanctions

Najibeh Najafi Kangarloui; Farkhondeh Jebel Ameli; Mohsen Mehrara; Mir Behnam Fatehi

Volume 8, Issue 1 , 2024, Pages 131-145


  Sanctions increase managers' motivations to manage profits and the accumulation of bad news due to their negative impact on corporate profitability and cash flow. According to Jin and Myers (2006), this issue increases companies' stock price crash risk. The higher probability of stock price crashes indicates ...  Read More

The model for measuring the Quality of Sustainability Reporting and Determinants: Application Analytic Network Process Fuzzy DEMATEL-Based Technique

Habib Esmaeilzadeh; Hasan Ghodrati; Hossein Jabbari; Meysam Arabzadeh

Volume 6, Issue 2 , April 2022, , Pages 28-69


  Sustainability reporting is an important tool for decreasing information asymmetry, according to the stakeholders' demands for transparency. On the other hand, increasing transparency allows investors to have more appropriate evaluations of firms' activities and direct their investments to companies ...  Read More

The Relationship between Foreign Direct Investment Inflows of World, Foreign Direct Investment Inflows of Turkey and Types of the Special Economic Zone: Evidence from 1980-2019

Demet Ozocakli; Bahman Khanalizadeh

Volume 6, Issue 2 , April 2022, , Pages 1-27


  There are many factors affecting Foreign Direct Investment inflows into the countries. One of them is Special Economic Zones that encourage Foreign Direct Investment inflows and achieve remarkable results in the world. Special Economic Zones are defined in the United Nations Conference on Trade and Development ...  Read More

Choosing Influential Dimension of Mindfulness of Auditors' Professional Judgments Based on Social Pressure: An Analysis Based on Rough Theory

Seyed Mohammad Soleymani; Farhad Dehdar; Mohammadreza Abdoli

Volume 6, Issue 2 , April 2022, , Pages 135-166


  The growth and complexity of society justify the need for relevant economic information, information systems, and information-generating processes, and the need for auditing as part of the information reporting process increases. This has affected the professional functions of auditors. The purpose of ...  Read More

Credit Scoring Active Telegram Channels Offering Stock Signals

Babak Sohrabi; Ahmad Khalili Jafarabad; Saba Orfi

Volume 6, Issue 3 , May 2022, , Pages 142-164


  The impact of personal judgment on the assessment of an individual’s financial situation has been drastically reduced through the development of credit scoring. The systems are capable of deciding based on an applicant’s total score which is a combination of several factors and indicators. ...  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


  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

Iran Finance Association

Reza Raei

Reza Raei

Managing Editor:
Ali Namaki

Editorial Board:
Marcel Ausloos Abolhasan Jalilvand ZabiHollah Rezaee Hassan Ghalibaf Asl Mohammadesmaeil Fadaeinejad Reza Raei Vahid Mahmoudi Shpour Mohammadi Farhad Rahbar Reza Tehrani

Executive Assistant:
Farname Inc

Frequency: Quarterly

Print ISSN: 2676-6337

Online ISSN: 2676-6345