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Open Access Article
1 - The Effect of CEO Power on Stock Price Delay
Saeid Baseri Hossein Jahangirnia Mohammad Kashanipour Reza Gholami JamkaraniNews and information reflect on the stock prices rapidly in the capital market. But some factors cause delays in reaching the stock market to its intrinsic value. This study aims to investigate the effect of CEO Power on stock price delay of listed Companies in Tehran S MoreNews and information reflect on the stock prices rapidly in the capital market. But some factors cause delays in reaching the stock market to its intrinsic value. This study aims to investigate the effect of CEO Power on stock price delay of listed Companies in Tehran Stock Exchange. In order to measure the power of the CEO, six different criteria, based on the research of Lisic et al. have been used. For this purpose, data related to 107 companies in Tehran Stock Exchange from 2011 to 2018 were analyzed. The regression model used in this research has been assessed using panel data with fixed effects approach. The results showed that CEO power has a negative and significant impact on stock price delay. The results also indicate that the powerful executives have more independence and play a more supervisory role over the board of directors; This reduces the infringement of the stakeholder rights and lowers the agency costs. Lower agency costs result in less information asymmetry and lower financial information transparency, and ultimately, reduces the stock price delay. Manuscript profile -
Open Access Article
2 - Effect of Information Delay on Joint Investment Fund's Performance
Reza Gholami Jamkarani Ali LalbarThe aim of this study is to evaluate the effect of information delay on theperformance of joint investment funds. In order to achieve the aim of thisstudy sample consisted of twenty funds in the Tehran Stock Exchange from2010 to 2014 the systematic elimination method ha MoreThe aim of this study is to evaluate the effect of information delay on theperformance of joint investment funds. In order to achieve the aim of thisstudy sample consisted of twenty funds in the Tehran Stock Exchange from2010 to 2014 the systematic elimination method has been adopted. In thisstudy, the linear regression test has been used in order to evaluate the researchhypothesis. Data analysis and research hypothesis testing has beendone using EVIEWS software. Findings of the research prove the effect ofinformation delay on the performance of joint investment funds. Manuscript profile
List of Articles Reza Gholami Jamkarani
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