Pair Trading in Tehran Stock Exchange based on Smooth Transition GARCH Model

Saeed Bajalan; Reza Eyvazlu; Guilda Akbari

Volume 2, Issue 2 , April 2018, Pages 7-28

  In this research, we use a pair trading strategy to make a profit in an emerging market. This is a statistical arbitrage strategy used for similar assets with dissimilar valuations. In the present study, smooth transition heteroskedastic models are used with the second-order logistic function for producing ...  Read More

Explaining Factors and Consequences of Working Capital Management Using Content Analysis Approach

Najmeh Khodabakhshi; Gholamreza Soleimani Amiri

Volume 2, Issue 2 , April 2018, Pages 29-58

  Working capital should be available to any company to have the sufficient funds to cover short-term commitments and operating costs in the future. This guarantees the continuity of the company’s activities. Given the significance of the role of working capital management (WCM) in the companies, ...  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

Providing a Model to Evaluate Corporate Social Responsibility by Social Value Added (Case Study: Nano-Engine Oil)

Mohsen Hemmati; Naghi Fazeli; Seyfolah Saedodin

Volume 2, Issue 2 , April 2018, Pages 83-102

  The evaluation of corporate social responsibility has gained significance over the past decade due to the importance of natural and environmental resources. Many studies have been conducted on corporate social responsibility and the presented related models, which add to the importance of this report. ...  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

Investigating the Asymmetric Effects of Banking Sector Development and Stock Market Development on Economic Growth in Iran Using Smooth Transition Regression (STR) Model

Nasrin Rostami; Abbas Najafizadeh; Ahmad Sarlak; Esmaeil Safarzadeh

Volume 2, Issue 2 , April 2018, Pages 131-150

  The purpose of this paper is to examine the asymmetric effects of banking sector and stock market development on economic growth in Iran. For this purpose, Smooth Transition Regression (STR) model used based on seasonal time series data during 1989-2017. The results indicate that the impact of financial ...  Read More