Tehran Stock Exchange, Stocks Price Prediction, Using Wisdom of Crowd

Babak Sohrabi; Saeed Rouhani; Hamid Reza Yazdani; Ahmad Khalili Jafarabad; Mahsima Kazemi Movahed

Volume 7, Issue 4 , 2023, Pages 1-28


  Two predominant methods for analyzing financial markets have been technical and fundamental analysis. However, the emergence of the Internet has altered the trading landscape. The availability of Internet and social media access plays a moderating role in information asymmetry, resulting in investors ...  Read More

Identification of the Factors Affecting Capital Structure in Firms with Emphasis on the Role of Behavioral Factors

Ehsan Ahmadi; Parastoo Mohammadi; Farimah Mokhatab Rafei

Volume 7, Issue 4 , 2023, Pages 29-58


  Making decisions regarding capital structure is among the most challenging issues ahead for firms and the most critical decisions for their survival. On the other hand, several significant aspects, such as behavioral factors, have been overlooked in this field. Thus, the present study mainly seeks to ...  Read More

A Profitable Portfolio Allocation Strategy Based on Money Net-Flow Adjusted Deep Reinforcement Learning

Samira Khonsha; Mehdi Agha Sarram; Razieh Sheikhpour

Volume 7, Issue 4 , 2023, Pages 59-89


  Portfolio allocation with Deep Reinforcement Learning (DRL) has been the focus of many researchers. In investing, a portfolio optimization strategy is selecting assets that maximize return on investment while minimizing the risk. Asset optimization involves balancing risk and return, where stock returns ...  Read More

Corporate Integrity and Information Asymmetry: Evidence from Iran.

Arezoo Ghafari; Meysam Arabzadeh; Mehdi Safari Gerayli; Hosein Jabbary; Yasser Rezaei Pitenoei

Volume 7, Issue 4 , 2023, Pages 90-119


  Corporate integrity is considered as part of the company's development strategies, which in the long run can lead to the increased firms' financial transparency to stakeholders. The purpose of our study is to present a corporate integrity model and, then to investigate its effect on firms' information ...  Read More

Investment in Commodities as Hedging and Safe-Haven Tools during the Periods of Stock Market Volatility

Zahra Mohammadi pourmazaheri; Babak Jamshidinavid; Mehrdad Ghanbari; Alireza Moradi

Volume 7, Issue 4 , 2023, Pages 120-141


  This research sought to investigate the assumption that commodities operate as hedging and safe-haven for stocks -during various periods of stock market volatility. In this regard, market test regression models and daily data from 21/03/2009 to 19/03/2020 were used. The researcher was able to test both ...  Read More

Evaluation and comparison net assets value of joint investment funds using support machine models versus statistical models - A case study from FEAS member countries

Leila Nateghian; Saeid Jabbarzadeh Kangarlouei; Jamal Bahri Sales; Parviz Piri

Volume 7, Issue 4 , 2023, Pages 142-160


  Today, choosing the suitable model for determining the portfolio of investment in financial assets is one of the critical issues of the attention of analysts and capital market activists, and investing in a portfolio consisting of mutual investment funds is the same. With this statement, the purpose ...  Read More