Applying black- Scholes model to breakdown beta: growth options and the risk of beta miscalculation

Amin Babaei Falah; Maryam Khalili Araghi; Hashem Nikoomaram

Volume 3, Issue 4 , October 2019, Pages 1-22

  When evaluating companies and investment plans, most analysts use a discount rate that is derived from CAPM models. The beta in these models usually represent risks and opportunities of the relative industry, with almost no attention to the risks that are already included in the beta. This ignorance ...  Read More

Capacity Building of Green Accounting Consequences Based on the Explanation of Strategic Management Accounting Techniques

Behjat Abbasi; Mohammadhamed Khanmohammadi; Zahra Moradi; Tahereh Mahmoodiyan

Volume 3, Issue 4 , October 2019, Pages 23-59

  Strategic management accounting, including systems and processes in the modern era, is characterized by changes in the competitive environment that, Can be achieved through the participation of companies in the management accounting system, Assist financial managers to make decisions in the value chain ...  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

  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

The Relationship between Audit Fees and Stock Price Crash Risk

Zabihollah Khani; Hossein Rajabdorri

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

  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

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

  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

Analyzing Shareholder Network in the Tehran Stock Exchange

Reza Taghizadeh; Amin Nazemi; Mohammad SadeghzadehMaharluie

Volume 3, Issue 4 , October 2019, Pages 113-134

  The stock market plays an important role in the economic development of countries. Network analysis is one of the latest methods in analyzing the stock market. It is a new concept for a macro view of the whole market in quantitative science literature. Therefore, this research analyzes the available ...  Read More