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: 8.300.000 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.


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



Examining the Relationship between Size of the company, Ownership Structure, and Corporate Governance with Corporate Social Responsibility Disclosure in Iran

Mahboobeh Khan Ahmadi; Mohsen Dastgir; Saeid Ali Ahmadi

Volume 6, Issue 3 , May 2022, Pages 1-24


  The scholars of social responsibility have focused on identifying the factors affecting corporate social responsibility disclosure (CSRD). Corporate social responsibility is a key factor in the survival of any organization. The purpose of the study was to examine the relationship between the size of ...  Read More

Investigating the nonlinear relationship between debt structure and real and accrual-based earnings management

Farzin Rezaei; Hamed Esmaeilnozar; Abbas Khodaparast Salekmoalemy

Volume 6, Issue 3 , May 2022, Pages 25-53


  Earning is one of the most important items of financial statements. Sometimes managers manipulate and distort earning reports to maximize their own benefits, reach a certain profitability level, or achieve a certain corporate objective. Firms with a low level of debt tend to have few or no restrictive ...  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


  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

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


  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

Investigating the Relationship between Information Asymmetry and Political Communication with Investment Efficiency in Tehran Stock Exchange

Abdolrasoul Rahmanian Koushkaki; Sadegh Bahremandjouy

Volume 6, Issue 3 , May 2022, Pages 116-141


  The primary purpose of this study is to investigate the relationship between Political Communication and Information Asymmetry with the efficiency of investment in companies listed on the Tehran Stock Exchange. To achieve the above goal, two hypotheses were formulated. To test research hypotheses, a ...  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

The Effect of Customers Concentration on Company Risks

Ebrahim Abbasi; Ali Tamoradi

Volume 4, Issue 2 , April 2020, , Pages 19-39


  The companies with major customers can supply a considerable source of cash flows by selling a large portion of their products to them. Since the lack of purchase, loss, or bankruptcy of major customers can result in a significant reduction in cash flows in the company, thus the risk is the companies ...  Read More

The Relationship between Corporate Reputation and Different Types of Earnings Management

Morteza Zakerian; Habibollah Nakhae; Mahdi Salehi

Volume 5, Issue 1 , January 2021, , Pages 1-30


  The present study's main objective is to assess the relationship between corporate reputation and different types of earnings management (accrual-based, real, and reductive earnings management). In other words, this paper attempts to figure out whether corporate reputation can contribute to the amount ...  Read More

Governments’ Economic Performance and Earnings Management Methods: Evidence from Tehran Stock Exchange

Alireza Ghonji Feshki; Mohammad Hamed Khanmohammadi; Shohreh Yazdani

Volume 2, Issue 2 , April 2018, , Pages 103-129


  Governments always affect the economic environment as legislators in the field of business. The economic conditions governing the market and business require different conditions and contexts for decision making and corporate execution practices. Companies and managers administering them under environmental ...  Read More

The Role of Auditors' Biases and Decision Making on Errorswith a Cognitive Approach in Capital Market (A Case Study: Securities and Exchange's Certified Auditors)

Zahra Kohandel; Ghodrat Allah Talebnia; Hashem Nikoomaram

Volume 2, Issue 2 , April 2018, , Pages 59-82


  Based on the capital market’s nature, accountants and auditors’ information is provided by an effective influence of personal decisions and market results, derived systematically by information structure and market participants’ features. Auditors’ choices are influenced by perception, ...  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


  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

Developing the effectiveness of professional audit judgment based on the mindfulness of auditors

Alireza Kamalgharibi; Mansour Garkaz; alireza matoufi; mehdi safari gerayli

Articles in Press, Accepted Manuscript, Available Online from 19 February 2022


  Judgment in the auditing profession as a subjective criterion in the decisions of auditors has an important and significant role in improving the quality of decision support for analysts, shareholders and investors in the capital market. Therefore, recognizing the qualitative characteristics in this ...  Read More

Investor Protection Evaluation based on Themes of Corporate Governance Civilization

Mojtaba Hidari; Hasan Valiyan; Alireza Koushki Jahromi; Mohammadreza Abdoli

Articles in Press, Accepted Manuscript, Available Online from 26 February 2022


  Consistency of laws and regulations on the one hand and the effectiveness of the corporate governance system in supervising the financial and legal operations of the company, is considered as an important factor in respecting contracts and supporting the investments of minority and majority shareholders ...  Read More

Presenting a Behavioral Alienation Role Model in Professional Career Path Development of Stock Exchange Organization Certified Auditors

Mohsen Arabyarmohamadi; Mohammadreza Abdoli; Asghar karami; Maryam Shahri

Articles in Press, Accepted Manuscript, Available Online from 26 February 2022


  Presenting an audit report is the basis for developing competitive strategies that, in the form of operational transparency, are able to guide stakeholders in financial decisions and inform them of operational information and facts. Therefore, knowing the individual characteristics in this area can help ...  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

Articles in Press, Accepted Manuscript, Available Online from 21 May 2022


  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

Drivers affecting bitcoin adoption as an alternative payment mechanism in the tourism industry

Mehdi Daryaei; reza radfar; Javad Jassbi; Abbass Khamseh

Articles in Press, Accepted Manuscript, Available Online from 01 June 2022


  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 ...  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