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Open Access Article
1 - Analyzing the systemic risk of banking industry by using EMD and GRA based on the dynamic complex network approach.
ali NAMAKI Hadis KhaliliNowadays, the complexity and entanglement of financial markets are under the influence of various variables and problems which classical financial sciences are generally unable to solve. This has motivated new approaches in financial sciences like dynamic complex netwo MoreNowadays, the complexity and entanglement of financial markets are under the influence of various variables and problems which classical financial sciences are generally unable to solve. This has motivated new approaches in financial sciences like dynamic complex networks. The current research has used the dynamic complex network approach, empirical mode decomposition, and grey relational analysis to investigate the systemic risk of Iran's capital market banks from the beginning of 2015 to the march 2021. For this purpose, first, by building a sliding window, it has calculated the correlation coefficient of stock and then the index of the complex network. Using the results of empirical mode decomposition and grey relational analysis through Engel - Granger causality statistical test,, showed a close and long-term relationship between stock market fluctuations and systemic risk. Any momentum is of a higher speed and intensity of propagation due to the bank-oriented nature of the country's economy. Manuscript profile -
Open Access Article
2 - The Effect of Liquidity Risk and Credit Risk on Financial Stability Banking industry in Iran; Multiple regression approach
Moosa Bozorg Asl Farrokh Barzideh Mohammad Taghi SamadiThe impact of different risks is of great importance in banking industry on financial sustainability, given its functional entity. Given the lack of consensus on the relationship between financial risks in banks, in particular, in credit risk and liquidity in banks, thi MoreThe impact of different risks is of great importance in banking industry on financial sustainability, given its functional entity. Given the lack of consensus on the relationship between financial risks in banks, in particular, in credit risk and liquidity in banks, this research investigates the relationship of these two types of risks and their impacts on financial sustainability in banking industry in Iran during 2005-2014 with panel data method. In this regard, in order to investigate the impact of liquidity and credit risks on financial sustainability, Quintile regression method. The results indicate the negative and significant impact of these two types of risks on financial sustainability in most reviewed decimals. This means that with an increase in financial sustainability, the impact of these two types of risks is reduced. In other words, those banks placed in the higher decimals of sustainability distribution are affected less by credit and liquidity risks. Manuscript profile -
Open Access Article
3 - Effective factors on banks liquidity risk (Bank mellat case study)
Ahmad Yazdanpanah Sakineh ShakibThe design of present study research is one stage case study in correlation type that is studied and modeled the relations between the variables of case study. from observing all that naturally happened without control&nbs MoreThe design of present study research is one stage case study in correlation type that is studied and modeled the relations between the variables of case study. from observing all that naturally happened without control the present research process and the obtained results are applicable with regard to performance process , research process is descriptive and solidarity .Research subject scope is liquidity risk the time scope is related to daily data of bank mellat during the years from 1385 to 1387. therefor the area scope of research is bank mellat .in this study two groups of variables are studied . first group of variables are risk effects such as : finance security costs ,debts to central bank , debts to other banks and financial institutes variable of bonds of bank . second group are independent variables that are the risk factors including : investment volume , net flow of funds , total deposits , deposit growth of paid facilities , growth of investing volume , gap between assets and debts ,long-term deposits and at sight deposits . for examination of research hypotheses we are used from correlation techniques of structured equation . obtained resalts of research in bank mellat during Mentioned time scope has shown that liquidity risk in this bank is measurable from variables such as debts to central bank , debts to other banks, finance security costs , bonds volume ,and bank risk is a function of them . on the other hand , among variables which are effective on risk variation , the influence of total deposits , deposits , growth of paid facilities are meaning fully effective . Finding of research which result from structural equation have shown that variable of total deposits ,deposits growth paid facilities have a meaningful effect on liquidity risk .total deposits have a meaningful and reversed effect on liquidity risk . Deposits have a direct and meaningful effect on liquidity risk , also the growth of paid facilities has a direct and meaningful effect on liquidity risk . Main reason of risk are sequencly total deposits, deposits ,and paid facilities. Generally model of risk in bank Mellat shows that : debts to central bank have meaningful effect (0.50%) on liquidity risk in bank Mellat .debt s to other banks have meaningful effect (.29%) on liquidity risk in bank Mellat , finance security costs have meaningful effect (025%)on liquidity risk in bank Mellat .bonds volume has a meaningful effect(0.013%) on liquidity risk in bank Mellat. Manuscript profile -
Open Access Article
4 - Investigating the effects of financial development, economic stability and efficiency of cooperative contracts of banks during recession and prosperity
Mohsen mirzasaf Marjan Damankeshideh manizheh hadinejad alireza daghighi mohammadreza mirzaeinejadFinancial development and stability and their relationship with economic growth are important and influential issues on economic growth. Therefore, economic experts have investigated this issue in many researches by applying various conditions. The purpose of this resea MoreFinancial development and stability and their relationship with economic growth are important and influential issues on economic growth. Therefore, economic experts have investigated this issue in many researches by applying various conditions. The purpose of this research is to investigate the effects of financial development, economic stability and efficiency of government cooperative contracts during recession and prosperity, which done by applying the Markov switching regime change approach based on the annual data of Iran's economy during the period of 2016-2018. The results of the model estimation show that the variables of financial and oil crises, economic and financial risk, inflation in both periods of prosperity and recession have a negative effect on the efficiency of cooperative contracts. The results show the probability of transition from one regime to another regime and the duration of the regime, if Iran's economy is in a recession at time t, it will remain in the same state despite economic and financial risks and financial and oil crises. Also, there is a 0.80 probability that Iran's economy will return to the state of recession due to other factors. The amount of exposure of Iran's economy to the period of stagnation in the current research is 21 periods against 9 periods of prosperity. Manuscript profile -
Open Access Article
5 - Investigating the Impact of Managers Personal Branding On Building Level Five Leaders (Case Study: of Government Banks)
Karim Esgandari Mojtaba Ramazani samane goliPersonal branding helps a person to achieve his goals, with which individual placement can be achieved and positioned on competitors. A personal brand is valid when there is a common unity in the behavior of individuals. Not having a personal perspective, personal knowl MorePersonal branding helps a person to achieve his goals, with which individual placement can be achieved and positioned on competitors. A personal brand is valid when there is a common unity in the behavior of individuals. Not having a personal perspective, personal knowledge, personal learning, thinking, trust, and interest are like having no personal brand. Therefore, a personal brand for managers can be considered as merit. The issue of bank managers is of paramount importance with regard to competition between banks. Hence, the main purpose of this study is to examine the effect of individual brand managers on the creation of fifth-level leaders. To reach this statistical society, the heads of government bank branches in the East Azerbaijan province conduct the research. Based on snowball method, 128 people were selected as sample size. The required information was collected through a researcher-made questionnaire. The reliability of this questionnaire was calculated using Cronbach's alpha of 0.85. Finally, the conceptual model is fitted using structural equation modeling and Laser Level software. The result of the research also indicates the significant effect of the personal brand on managers on the fifth level. Manuscript profile -
Open Access Article
6 - The effect of business intelligence on financial performance with the role of mediating brand value and creativity (Case study of private banks in Khuzestan province)
hashem Rashidi goghakhor ali RezaianThe present study was conducted with the aim of the effect of business intelligence on financial performance with the mediating role of brand value and creativity of private banks in Khuzestan province. The research was applied in terms of purpose and descriptive-survey MoreThe present study was conducted with the aim of the effect of business intelligence on financial performance with the mediating role of brand value and creativity of private banks in Khuzestan province. The research was applied in terms of purpose and descriptive-survey in terms of method. The statistical population in this study consists of all employees of private banks in Khuzestan province that 1000 employees were considered as the statistical population and the sample size was selected using the Cochran's formula of 287 employees; And is simple using the random method; And standard financial performance questionnaires of Qaranfleh et al. (2010), Popovij et al. (2020) business intelligence questionnaire, Sin and Verma brand sharpening questionnaire (2017) and Doriji et al. (2001) creativity questionnaire were performed on them; Using Cronbach's alpha test, the reliability of financial performance questionnaire (0.86), business intelligence questionnaire (0.85), brand equity questionnaire (0.85) and creativity questionnaire (0.86) were obtained. The collected data were analyzed using SPSS software version 24 and from descriptive statistics (mean, standard deviation, etc.) and for structural equations from AMOS software, the results showed. Business intelligence affects the financial performance of private banks. Also, business intelligence with the mediating role of brand equity and creativity has a positive and significant effect on the financial performance of private banks in Khuzestan province. Manuscript profile -
Open Access Article
7 - The Effect of Social Customer Relationship Management on Financial Performance with the Mediating Role of Customer Commitment and Customer Satisfaction (Case Study of a Private Bank in Khuzestan Province)
sajad Rabiheh ali RezaianThe aim of this study was to investigate the effect of social customer relationship management on financial performance with the mediating role of customer commitment and customer satisfaction (case study of a private bank in Khuzestan province). The research was applie MoreThe aim of this study was to investigate the effect of social customer relationship management on financial performance with the mediating role of customer commitment and customer satisfaction (case study of a private bank in Khuzestan province). The research was applied in terms of purpose and descriptive-survey in terms of method. The statistical population in this study was all employees of private banks in Khuzestan province and 100 employees. The sample size was selected using the Cochran's formula of 80 employees; And the sampling method is simple using random method; And standard financial performance questionnaires of (Qaranfleh et al, 2010); Customer Relationship Management (Alavi Shad, 2010); Lee and (Cunningham, 2001) and (Wang, 2018) customer satisfaction were fulfilled; Using Cronbach's alpha test, the reliability of Financial Performance Questionnaire (0.85), Social Customer Relationship Management Questionnaire (0.86), Customer Commitment Questionnaire (0.88) and Customer Satisfaction Questionnaire (0.87) were obtained. Collected data were analyzed using SPSS software version 26 and descriptive statistics (mean, standard deviation, etc.) and for structural equations from AMOS software, the results showed; Social customer relationship management with the role of mediating customer commitment and customer satisfaction has a positive and significant effect on the financial performance of private banks in Khuzestan province. Manuscript profile -
Open Access Article
8 - Judicial-Legal Relationship between Cryopreservation Applicants and Their Frozen Gametes in Cryopreservation Banks
Nazli Mahmoodian Seyyed Mohammad Reza Ayati Mahmood AbbasiAlthough the development of medical knowledge about human and his organs has caused better life but some of them caused legal and ethical problems. One of this aspects is Cryopreservation. Nowadays, inside of freezing human organs complete freezing of whole MoreAlthough the development of medical knowledge about human and his organs has caused better life but some of them caused legal and ethical problems. One of this aspects is Cryopreservation. Nowadays, inside of freezing human organs complete freezing of whole body is possible, too. That one of its important utilization is human gametes freezing that causes complex jurisprudent, legal, ethical, and social problems. Determination of legal persons for decision about the frozen gametes fate is one of this problems. According to the legal nature of frozen gametes and considering them as property, and as the human gametes are one part of the organs of his body, all of theories about relation between man and his body in law is true in relation between man and his gametes. So, there is a ownership relation between the man and his frozen gametes. Therefore, only the gamete owners can decide about their fate. For having decision about the abandoned frozen gametes the Cryopreservation centers try to have contacts whit gamete owners, but when there is no accessibility to their owners, then they ask the inheritors to decide about them, so if they be inaccessibility situation after that in order to determine their fate as properties, the governor is permitted to make decisions about their disposal or donation for researches. Manuscript profile -
Open Access Article
9 - Investigating the relationship between total quality management and financial performance of banks, insurance companies, and active investment companies in Iran.
Ahmad Ahmadpour Amir SoodbakhshThe purpose of this research is investigating the relationship between total quality management and financial performance of banks, insurance companies, and active investment companies in Iran. The studied population is banks, insurance companies and investment companie MoreThe purpose of this research is investigating the relationship between total quality management and financial performance of banks, insurance companies, and active investment companies in Iran. The studied population is banks, insurance companies and investment companies, and due to the limitation of access to the information of all of them and the necessity of obtaining accurate data, 10 banks, 5 insurance companies and 16 investment companies which were accepted in Tehran Stock Exchange, were selected as samples. In order to investigate and test the research hypothesis, SPSS and Amos software, Kolmogorov-Smirnov test, structural equations modeling, Pearson correlation and multiple regression analysis were used. The results of this study showed that there is a significant and positive relationship between the seven dimensions of total quality management (including leadership, continuous improvement, internal and external partnerships, focus on customer, process management, staff achievements and learning) and financial performance, and thus, between total quality management and financial performance of banks and insurance companies and investment companies. Manuscript profile -
Open Access Article
10 - Measurement and Assessment of environmental and occupational health the Academic libraries in Tehran
Mehdi Rahmani Mohsen HajizaynolabediniPurpose: This study aimed to assess the occupational health in the University Central Librarriess located in Tehran. Methodology: This study is a descriptive survey. The population consisted of central libraries of universities in Tehran (a total of 20 libraries). Data MorePurpose: This study aimed to assess the occupational health in the University Central Librarriess located in Tehran. Methodology: This study is a descriptive survey. The population consisted of central libraries of universities in Tehran (a total of 20 libraries). Data were collected using a questionnaire. The data obtained from the questionnaire were analyzed using SPSS software. Findings: Analysis showed that the health indicators if Tehran university libraries in total, is18 percent in poor condition, 40% percent medium, 36% good condition, and 3% very good condition. Health indicators are not observed in 3% of the libraries. Conclusion: Assessment of occupational health in Central University Libraries in Tehran with safety measures, showed that occupational health and safety is in medium condition and can be considered as successful. Manuscript profile -
Open Access Article
11 - Bank opacity and efficiency of stock prices
Heyedeh Erfani Ali Rahmani Alireza Heidarzadeh HanzaeeThis research investigates the effect of opacity on the delay of the stock price (Tehran stock exchange and Iran Farabourse) reactions in the banks and other companies in Iran Capital Market. The proxy of opacity has been considered the spread (bid – ask gap). Hou MoreThis research investigates the effect of opacity on the delay of the stock price (Tehran stock exchange and Iran Farabourse) reactions in the banks and other companies in Iran Capital Market. The proxy of opacity has been considered the spread (bid – ask gap). Hou and Moskowitz's (2005) model was used to calculate the price delay reaction. Moreover, considering the importance of economic conditions, the impact of periods of boom and stagnation (GDP) on this relationship was also investigated. The research sample consisted of banks listed in Iran Capital Market as well as companies whose market capitalization is equal to 25% of the average market value of banks. The time period was from the beginning of 2009 to the end of September 2016. The hypotheses were tested using panel data. The results indicated a significant relationship between reaction price delay and spread, which confirmed the effect of opacity on the delay price reactions. The results also showed that there is no significant difference between the stock price delay reaction of banks and other companies while there is a significant relationship between economic conditions and delay price reactions. Manuscript profile -
Open Access Article
12 - Accrual Quality Assessment Model in Banking Industry
Gholamhossein Assadi Bahador NayebiThis paper provides a new categorization of balance sheet items for commercial banks by putting them in to financial and operational parts. Results of the study shows that banks with higher net financial assets compared to net operational assets have less incentives for MoreThis paper provides a new categorization of balance sheet items for commercial banks by putting them in to financial and operational parts. Results of the study shows that banks with higher net financial assets compared to net operational assets have less incentives for earnings management, which results in higher accruals quality. Furthermore, we have studied the role of loan contract types and capital adequacy on accruals quality. The results show that banks with higher share of fixed-income loan contracts and higher capital adequacy ratio have a better quality of accruals. We also found out that banks which give loans to corporations of leading industries, have less earning management actions, which leads to higher accruals quality. Based on this finding, we have developed a future-looking measure of accruals quality for banks focused on industries which banks put higher portion of the loans on and called it Portfolio Quality Index (PQI). Manuscript profile -
Open Access Article
13 - Investigating the Simultaneous Relationship between Credit and Liquidity Risks and Their Impacts on Financial Stability of Banks; A Quintile Regression Approach
Musa Bozorg Asl Farrokh Barzideh Mohammad Taghi SamadiRisk management is an integrated procedure which helps banks to measure and control their risks. Due to the recent banking crises and nature of banking activities, central banks have made it compulsory for banks to have independent risk committees. Also, financial insta MoreRisk management is an integrated procedure which helps banks to measure and control their risks. Due to the recent banking crises and nature of banking activities, central banks have made it compulsory for banks to have independent risk committees. Also, financial instability is another factor which can lead banks to distress and bankruptcy. This study investigates the simultaneous relationship between credit risk and liquidity risk and their impacts on financial stability of Iranian banks over the period of 2005-2014 using panel data approach. Results of the simultaneous equation modeling show that in general, liquidity risk and credit risk have significant positive relationship with each other. In other words, every one unit increase in liquidity risk will cause the credit risk to increase by 0.38 unit and every one unit increase in credit risk leads to 0.51 unit increase in liquidity risk. Moreover, we employ the quantile regression to examine the effect of these two types of risk on the different quantiles of financial stability of commercial banks in Iran. Results show that credit risk and liquidity risk negatively affect the financial stability and increase probability of bankruptcy of the Iranian banks. Moreover, we demonstrate that the magnitude of the negative impact is much higher for the banks in the lower quantiles that have lower financial stability comparing with the banks in upper quantiles having higher financial stability. Manuscript profile -
Open Access Article
14 - Performing Social Responsibility and Its Reporting Method in the Iranian Banks
Yaser Sadeghi Reza GholamiJamkaraniSocial and environmental responsibility is inflicted with arbitrary behavior in the Iranian banks because reporting them is optional and there is not a single standard to reassure accountancy services and confirm those reports. The present research relies on content ana MoreSocial and environmental responsibility is inflicted with arbitrary behavior in the Iranian banks because reporting them is optional and there is not a single standard to reassure accountancy services and confirm those reports. The present research relies on content analysis, and the data is collected by library study, electronic (email) or face-to-face interviews. The results showed that pivot categories related to the social responsibility of banks include performing social responsibility through their business transactions as well as special attention to social and environmental issues. Moreover, pivot categories related to reporting the social responsibility of banks involve reporting their undertaken social responsibility, reassuring and supervisory services referring to their reports, reforming accountability and transparency procedures, and maintaining moral values. The results indicate the significant importance of performing the banks' responsibility simultaneously with their business transactions and that using these methods can decrease their economic costs. As for reporting social responsibility of the banks, we refer to their effective use of physical facilities available in their branches with the least economic cost to reflect their social and environmental activities as well as the need for the establishment of supervisory institutions to ensure the performance of the social responsibilities. Manuscript profile -
Open Access Article
15 - The association of social orientation and social responsibility with moral behavior in banks managers
حسین سلم آبادی حوریه وطن خواه فاطمه شریفی شیوا ممیز امیر آهنگری ثمینه بهادری جهرمیThis research aimed to investigate the association of social orientation and social responsibility with moral behavior in banks managers. This study was a descriptive analytical from type of correlation. The population of research included all banks managers of Varamin MoreThis research aimed to investigate the association of social orientation and social responsibility with moral behavior in banks managers. This study was a descriptive analytical from type of correlation. The population of research included all banks managers of Varamin and Pishva city in 2016 year. From them 160 person were selected by simple random sampling method and all of them completed the questionnaires of social orientation (Harrison, 2001), social responsibility (Galavandi and et al, 2014) and moral behavior (Swanson and Hill, 1993). Data was analyzed with Pearson correlation and multivariate regression with stepwise model methods. The findings showed social orientation and social responsibility had a positive and significant relationship with moral behavior of banks managers. Also social orientation and social responsibility can predict 33/5 percent of variance of moral behavior of banks managers that in this prediction the share of social orientation was higher than social responsibility (P<0/01). Therefore it is suggest that to improve the moral behavior of banks managers increase the social orientation and social responsibility of them. Also suggest that officials and planners consider the symptoms of mentioned variables and design and implementation appropriate programs to improve the moral behavior of banks managers. Manuscript profile -
Open Access Article
16 - رابطه سواد مالی با شرایط وامدهی بانکهای تجاری و دسترسی به اعتبارات رسمی در شرکتهای پذیرفته شده در بورس اوراق بهادار تهران
صدیقه طوطیان ساینا سیده زاده -
Open Access Article
17 - Developing and Standardizing Government Organizations' Talent Orientation Questionnaire
Farshad Nemati Ghasem Ansari Ranani Adel Salavati Pouya FaroughiThe next step was to identify and evaluate the dimensions of the talent-based organization for constructing and validating a questionnaire for identifying talent-based organizations. The approach of this research is exploratory and its statistical population includes al MoreThe next step was to identify and evaluate the dimensions of the talent-based organization for constructing and validating a questionnaire for identifying talent-based organizations. The approach of this research is exploratory and its statistical population includes all branches of Melli Bank of Kurdistan province. In the qualitative part, there was three-stage coding with nvivo software, which was identifiable by the analysis in 5 dimensions - Causal conditions dimension with 5 axial codes Flexible and individual-oriented goals, loose and horizontal bond structure, informal relationships, three seunger evaluation and dynamics and risk taking in a selective code of intra-organizational indicators; Axis of Mental Structure, Political-Legal Structure and Cultural Structure in the Form of a Selective Code of Intellectual and Extra-Organizational Structures 2- Intervention Factors with Two Axioms: 1- Organizational Structure Hegemony and 2- Bureaucratic Rule in the Selective Code of Job Structure 4 - The 4-Core Strategy of Becoming a Learning Organization, Creating a Talent Bank, Changing Insights and Beliefs and Developing Coding Leaders The object of organizational culture 5-The implications then include the three categories of enhancing effectiveness, establishing a decentralized system, and sustaining the organization in a selective code of results and effects. In the quantitative section, a questionnaire with 58 items of axial and selective codes was identified. The results of exploratory factor analysis test with SPSS software showed that five identifiable dimensions in qualitative section were explored as five factors. Each of the items related to them had an appropriate factor load. Manuscript profile -
Open Access Article
18 - Designing and Validating an Excellence Organizational Climate Model in Private Banks in Iran
Alireza Moradisaleh Hassan Rangriz Akbar Hassanpoor Bijan AbdollahiThis mixed-methods research was conducted to identify and design the dimensions, components and factors of an excellence organizational climate and validate it. The qualitative phase of the study was based on the grounded theory and MAXQDA software while the quantitativ MoreThis mixed-methods research was conducted to identify and design the dimensions, components and factors of an excellence organizational climate and validate it. The qualitative phase of the study was based on the grounded theory and MAXQDA software while the quantitative stage was conducted using SPSS software. The research population comprised Iranian private banks from which a convenient sample was selected based on theoretical adequacy and availability during the qualitative phase. Interviews were run with the sample to reach the theoretical saturation. Further, the quantitative phase of the study started with a sample of 318 participants who had been selected based on a multi-stage cluster sampling procedure from 1815 employees using the Cochran formula. The reliability and validity of the qualitative and quantitative phases of the research were checked through Lincoln and Guba evaluation and Cronbach's alpha, respectively. The collected data were analyzed to explain the paradigmatic model of the excellent organizational climate that was then validated via Wilcoxon test. The findings indicated that the main dimensions of the excellence organizational climate include "employee credibility", "employee and management mutual respect" and "employees’ honoring the job and the organization" and that this model can promote organizational efficiency and profits, productivity, quality of professional life and organizational culture, branding and more willingness to work in a competitive environment. Manuscript profile -
Open Access Article
19 - An Investigation of the Relationship between Organizational Entrepreneurship and Learning Organization’s Features
Hassanali Aghajani Hossein Samadi Miarkolaei Hamzeh Samadi MiarkolaeiEntrepreneurship is the thought and process of the creation and development of economic activities through the ability to blend risk taking, creativity, and/or innovation with sound management within an existing organization or a new enterprise. One of the effective and MoreEntrepreneurship is the thought and process of the creation and development of economic activities through the ability to blend risk taking, creativity, and/or innovation with sound management within an existing organization or a new enterprise. One of the effective and strong factors influencing organizational entrepreneurship is the rate of organizational learning. The main purpose of the present research is to investigate the relationship between learning organization’s features and organizational entrepreneurship within the private banks of the west of Mazandaran province. The statistical population of the study includes 600 staff members of the private banks of the west of Mazandaran Province, from among whom 224 were selected as the research sample. The data were collected through the use of a questionnaire. Data analysis was done by SPSS and LISREL softwares. Results showed that the relationship between organizational learning and organizational entrepreneurship is positive and significant. Also, a positive and significant relationship was found between the dimensions of learning organization and organizational entrepreneurship. Entrepreneurs keep pace with changes and attempt to discover and benefit from the opportunities created in the process of these changes. Moving along with changes calls for an appropriate cultural context and the existence of a higher level of individual and organizational learning that values and welcomes change. Manuscript profile -
Open Access Article
20 - Characteristics of Audit Committee and Performance of Banks
Mohammad Hosein Fatheh ahmad HasanporT The board of directors is considered as one of the most important effective dimensions of corporate governance due to having a key mechanism to reduce the conflict between shareholders and managers, as a tool to prevent the conflict of interests between the bank and MoreT The board of directors is considered as one of the most important effective dimensions of corporate governance due to having a key mechanism to reduce the conflict between shareholders and managers, as a tool to prevent the conflict of interests between the bank and the law regulator. The purpose of this study was to investigate the effect of characteristics of audit committee on the performance of banks. The statistical population of the research was the banks admitted to the Tehran Stock Exchange, which were examined in a 7-year period between 1394 and 1400. Four dependent variables were used in the present study to measure the performance of banks. The results of the research hypotheses test showed that there was a positive and significant effect between the financial expertise of the audit committee and the return on assets, but the independence, size and proportion of women in the audit committee did not have a significant effect on the return on assets. Finally, independent variables had the greatest impact on banks' operating profit ratios. Manuscript profile -
Open Access Article
21 - رابطه بین اقدامات بانکداری سبز و عملکرد زیست محیطی بانکها با توجه به نقش میانجی تأمین مالی سبز (مورد مطالعه: شعب مرکزی بانکهای استان گلستان)
مریم بیانی -
Open Access Article
22 - The Effects of Liquidity Creation on Systemic Risk: by Concentration on Banks Balance Sheet Structure
somaye sadeghiThis study investigates the determinants factors of systemic risk in Iranian banks during 2013-2022. The contribution is on banks liquidity creation and their balance sheet structure. For this purpose, the systemic risk of banks has been estimated and ranked by marginal MoreThis study investigates the determinants factors of systemic risk in Iranian banks during 2013-2022. The contribution is on banks liquidity creation and their balance sheet structure. For this purpose, the systemic risk of banks has been estimated and ranked by marginal expected shortfall (MES) index, using dynamic multi-garch models. The results by using Panel GMM method indicate that an increase in the balance sheet liquidity creation causes the vulnerability of banks to increase. Also, the liquidity creation on the side of assets (holding non-cash assets) significantly increases the systemic risk for banks, while which on the side of debts (holding of demand deposits) reduces the banks systemic risk and their fragility. In addition, the findings indicate that the bigger the size, the more non-traditional activities (non-interest income) and the higher the ratio of non-performance loans, the higher systemic risk in banks. while the higher capital adequacy in banks, the lower the systemic risk. Manuscript profile -
Open Access Article
23 - Assessing the Structure of Bank Deposits Market in Iran
mohammad nabi shahiki tash kamran mahmoodpourAbstract The main purpose of this paper is to evaluate the structure of banking structure in Iran and assess the monopoly power factor based on Bresnahan and Lau approach. In this paper, the market situation of monetary in Iran consisted 18 active banks are studied dur MoreAbstract The main purpose of this paper is to evaluate the structure of banking structure in Iran and assess the monopoly power factor based on Bresnahan and Lau approach. In this paper, the market situation of monetary in Iran consisted 18 active banks are studied during 2007–2011. By the use of Bresnahan's market power model, it is found that there is no deposit market for pre-said banks in Iranian banking industry. The coefficients estimated by the research model have represented that the hypothesis of perfect competition without any withholding rates and deposit rates can be rejected for the entire market. Manuscript profile -
Open Access Article
24 - Coherent horizontal drawing in line with technology development and financial strategy in the Iranian banking system
abozar yadollahi parviz saeidi Arash naderian Jamadordi Gorganli DojiToday, advances in financial technologies include robotic financial transactions, payments made through Today, advances in financial technologies include robotic financial transactions, payments made through cryptocurrency-free operating systems, fundraising platforms, MoreToday, advances in financial technologies include robotic financial transactions, payments made through Today, advances in financial technologies include robotic financial transactions, payments made through cryptocurrency-free operating systems, fundraising platforms, financial consulting, technical and robotic assistance through cyberspace, and the latest virtual coins that have recently been developed. The value of global investment in current financial technologies has been significant in recent years. Accordingly, in this study, the issue of drawing a coherent horizon in order to develop a strategy with financial technologies in Iranian commercial banks has been addressed. The statistical population of the research includes all the participants from among the experts in the number of 20 experts and academic experts in the fields of accounting, finance, management, banking and economics in the field of commercial banks in Iran who have reached theoretical saturation.. The research method is mixed (quantitative-qualitative) and all the required data and information have been collected. Then, to test the research hypotheses, it has been prepared through theoretical foundations and field investigation (distribution of 384 questionnaires). Descriptive and inferential statistical techniques such as Cronbach's alpha tests, Kolmogorov-Smirnov and structural equation modeling (SEM) have been used to analyze the data. In the qualitative part, the key criteria of the research were identified by fuzzy Delphi method. Then by conducting factor analysis and structural analysis, the results showed that each of the components of financial strategies, financial technology, conditions and features of the banking system environment, intervening factors and ... Manuscript profile -
Open Access Article
25 - بررسی رابطه بین ابزارهای ترفیع تجاری و وفاداری مشتریان بانک ها (مطالعه موردی: بانکهای خصوصی استان گلستان)
عباس حاتمی نیوشا مفتاح -
Open Access Article
26 - Designing and explaining the organizational model in the employees of state banks in Iran Based on Grounded Theory
Alireza Najafpour reza Najafbeigi karamallah daneshfardThe purpose of this study is to define and design organizational learning model among the Iranian state banks employees. The research is carried out in the framework of qualitative approach by using grounded theory method. The Statistical Society of managers and staff o MoreThe purpose of this study is to define and design organizational learning model among the Iranian state banks employees. The research is carried out in the framework of qualitative approach by using grounded theory method. The Statistical Society of managers and staff of state banks, informants and elites of organizational learning of state banks such as university professors, researchers and those who have information from the structure of these banks which 15 people of them were selected by purposive sampling method. Semi-structured interviews were used to collect data; simultaneous analysis of interviews was performed using three stages of open, axial and selective coding. According to results, the organizational learning in the Iranian state banks was modeled in 5 category include: casual conditions(Individual skills, Mental models, Financial resources) , context(Cultural context, Political and economic context) intermediaries (Organizational rules, Common vision) , strategies(Performance management, Intellectual capital management, Create learning opportunities, Team learning, Systematic thinking) and results (Develop staff capabilities, Environmental adaption, Organizational success, Social learning). Manuscript profile -
Open Access Article
27 - The effect of behavioral error and the power of the CEO on the policy of reducing the fragility of the banking network
Simin Rajizadeh AmirHossein Taebitafandari Hadis ZeinaliIn the world economic literature today, the role and importance of the monetary system and, consequently, the banking network as a tool for economic development is evident. There are several factors in creating the fragility of the banking network; one of the important MoreIn the world economic literature today, the role and importance of the monetary system and, consequently, the banking network as a tool for economic development is evident. There are several factors in creating the fragility of the banking network; one of the important and influential factors is the behavioral error and power indicators of the CEO that lead to irrational and irrational decisions.. The statistical population of this research is 31 banks and credit institutions listed on the Tehran Stock Exchange during the years 1390 to 1399. To test the research hypotheses, multiple generalized least squares regression has been used in the Aetta software. Findings indicate that according to the hypothesis test, the more the effect of behavioral error and CEO power increases, the more vulnerability and fragility of banks increases. The results show that behavioral error and CEO power cause vulnerability and fragility of banks. Manuscript profile -
Open Access Article
28 - The Effect of Islamic Banks on GDP Growth: Evidence from Selected Islamic Countries
hadis dalvandi Davood Jafariseresht Mohsen KhezriToday, the banking sector is one of the most important pillars of the financial sector. In this study, while expressing the theories related to the relationship between Islamic banking and GDP growth, the effect of loans from Islamic banks as an indicator of Islamic ban MoreToday, the banking sector is one of the most important pillars of the financial sector. In this study, while expressing the theories related to the relationship between Islamic banking and GDP growth, the effect of loans from Islamic banks as an indicator of Islamic banking activities on the GDP growth of 20 selected Islamic countries for the period of 2010-2017 has been evaluated and the panel vector autoregression model has been used in order to investigate the effect of variables of total banking activity, Islamic banking activity, inflation rate, government expenditures, trade openness and institutional quality on GDP growth. The results show that the relationship between Islamic banking activity and GDP growth is positive and significant. Also, the effect of inflation rate, institutional quality and trade openness on GDP is positive and significant and the effect of government expenditures and total banking activity on GDP growth is negative and significant. Therefore, countries with sound macroeconomic and institutional policies (prudent government expenditures, good regulatory frameworks and high institutional quality) have higher GDP growth. Manuscript profile -
Open Access Article
29 - ارزیابی عملکرد بانکهای خصوصی در بورس اوراق بهادار تهران بر اساس مدل CAMEL
برنا سلیمانی مهرداد نعمتی حسن الماسی -
Open Access Article
30 - The Effects of Targeted Subsidies on Iindustry and Mine Sector (A Computable General Equilibrium Approach)
مهرداد نعمتی سید علی اکبر طباطباییThis article seeks to analyze the effects of targeted energy subsidies on the industrial sector. For this purpose, the Computable General Equilibrium model was used.At the sector level, the combination of increases in energy prices, exchange rates and interest rates hav MoreThis article seeks to analyze the effects of targeted energy subsidies on the industrial sector. For this purpose, the Computable General Equilibrium model was used.At the sector level, the combination of increases in energy prices, exchange rates and interest rates have been a total of eight scenarios. In scenario increase in energy prices (4 scenarios) employment of labor in the mining and services sectors increased, but in agriculture and industry sectors is reduced. Production of industrial sectors, mining and services will increase in all four scenarios. In all four scenarios to reduce agricultural exports, but exports of industrial, mining and services increases. In scenario increase in energy prices and 81 percent increase in exchange rate, employment for services and mining sectors is increasing, but employment in the industrial and agriculture sectors decreases.Results show that increasing exchange rate with the increase in energy prices offset part of the negative effects of rising prices on exports and is also part of the negative effects of rising energy prices on production also compensates. Manuscript profile -
Open Access Article
31 - تاثیر عوامل درونی و بیرونی صنعت بانکداری بر ریسک اعتباری بانکها در ایران
محمد جواد محقق نیا محمدعلی دهقان دهنوی محیا بائی -
Open Access Article
32 - الزامات وجود بیمه سپرده و ارتباط آن با مقاومت بانکی
حسین امیری مونا توفیقی -
Open Access Article
33 - Providing a Pattern of the Impact of Political Connection and Corporate Governance on Banks Performance in Financial Crisis Condition
مهدی ذوالفقاری سید علی واعظ محمد خدامرادیThe aim of the present study is to investigate and provide a model of the impact of political connection and corporate governance on banks' performance in the financial crisis condition. In order to achieve the objectives of the research, the information of 10 banks lis MoreThe aim of the present study is to investigate and provide a model of the impact of political connection and corporate governance on banks' performance in the financial crisis condition. In order to achieve the objectives of the research, the information of 10 banks listed on Tehran Stock Exchange, which were selected for a ten-year territory (from the beginning of 2010 to the end of 2019), was extracted and necessary statistical tests were performed on them. In order to test the research hypotheses, multivariate linear regression based on panel data and a combination of cross-sectional and temporal series has been used. Research has shown that in times of financial crisis, political communication has a positive and significant effect on return on assets and the ratio of TobinsQ in exemplary banks; negative and significant in the context of financial crises in banks Sample; and in times of financial crisis, corporate governance has a positive and significant effect on return of assets and the TobinsQ ratio of the sample banks. Manuscript profile -
Open Access Article
34 - Pathology and providing a model of sustainable development in Iranian governmental Bank
Mohammad Ali Jafari Gorji Reza Najaf Beigi Abolhassan Faghihi Mohammad Javad KameliAbstractThe present study was conducted with the aim of pathology and providing a model of sustainable development in Iranian governmental Bank which was basic research of the mixed method. For qualitative data analysis, grounded theory and for quantitative data analysi MoreAbstractThe present study was conducted with the aim of pathology and providing a model of sustainable development in Iranian governmental Bank which was basic research of the mixed method. For qualitative data analysis, grounded theory and for quantitative data analysis, structural equations were used. The statistical population of the qualitative section consisted of members of the board of directors and senior managers of credit and human resources departments of state-owned banks, 18 of whom were purposefully selected for semi-structured interviews. The statistical population of the quantitative section consisted of staff and staff managers and experts of state banks, 291 of whom were randomly selected for relationships between variables based on Cochrane's formula. The results showed that the sustainable development model in Iranian state banks consists of 421 primary concepts derived from open coding, 41 concepts of wisdom and 17 main. The results of quantitative analysis show that causal factors and Confounding factors and underlying factors have an impact on the category. Also, categories, confounding factors and underlying factors have an impact on strategies. Finally, strategies affect the outcomes. Manuscript profile -
Open Access Article
35 - بررسی اثرات متغیرهای خاص بانکی و کلان اقتصادی بر سودآوری بانکها (مقایسه مکاتب نئوکلاسیک و پست کینزین) Investigating the effects of specific banking and macroeconomic variables on the profitability of banks (Comparison of neoclassical and post-Keynesian schools)
سیدرضا خادمی نعمت فلیحی محمد دالمن پور احمد نقی لو -
Open Access Article
36 - Provide a framework for financial reporting of banks in Iran with an Islamic banking approach
Morteza Darvishi Reza Nazari Bahman Banimahd Mehdi MoradzadehfardAbstractObjective: The purpose of this study is to provide a framework for financial reporting of banks ‎in Iran according to the characteristics of the banking system.‎Methods: in this research, the qualitative research method and the approach based on ‎Gro MoreAbstractObjective: The purpose of this study is to provide a framework for financial reporting of banks ‎in Iran according to the characteristics of the banking system.‎Methods: in this research, the qualitative research method and the approach based on ‎Grounded theory have been used. First, by obtaining the opinions of accounting and auditing ‎experts, related managers in the Auditing Organization, the factors affecting the quality of ‎reporting in the Iranian banking system are examined. Finally, a model including causal ‎conditions, intervening factors and context, as well as strategies related to quality, reporting ‎and its consequences are presented.‎Results: According to the results of the research, reforming the operating structure of the ‎banking system, reforming the supervisory structure of the central bank, training staff, creating ‎new Islamic tools, applying sharia supervision, amending the law on interest-free banking, ‎creating monetary policy tools in accordance with Sharia and implementing jurisprudential ‎criteria as the most important Background variables and habit, different theories of jurists, ‎speculation, formalities of activities, legal weaknesses, weakness in religious supervision, costly ‎ness, the category of usury, the separation of the realm of religious issues with scientific issues ‎and the conflict between theories of Islamic economics and conventional economic theories. ‎Were identified as the most important inhibitory variables.‎Conclusion: the implementation of financial reporting of banks in Iran with the approach of ‎Islamic banking, leads to justice, proper distribution of wealth, performance improvement, job ‎security, compliance with Sharia, proper structure of the banking system, sustainable economic ‎development and finally Islamic ethics.‎ Manuscript profile -
Open Access Article
37 - The Evaluation of Market Competition in Iranian Banking System (Panzar and Rosse Approach)
Hossein Sharifinia Hooshang Momeni Vesalian Alireza Daghighiasli Marjan Damankeshideh Majid Feshari The evaluation of market competition is one of the main issues in the industrial and monetary economics. So, the main objective of this article is to estimate the banking market structure in private and governmental banks during the period of 2006-2017. For achie More The evaluation of market competition is one of the main issues in the industrial and monetary economics. So, the main objective of this article is to estimate the banking market structure in private and governmental banks during the period of 2006-2017. For achieving this purpose, at the first step we computed the banking sector's market competition by Panzar-Rosse approach. In the second step we evaluated the impact of market competition on total revenue of banks by using dynamic panel data regression with generalized method of moment approach. The results of model estimation indicated that the market competition in thesae banks has been estimated over the 0.59. Henve, the market structure is similar to incomplete competition. Moreover, the lag of total revenue and equity return have positive and wage rate has negative impact on total revenue of banks during the period of study. Keywords: Market Competition, Banking System, Private and Government Owened Bank's. Panzar and Rosse Approach Manuscript profile -
Open Access Article
38 - Substitution model for Iranian banks: A phenomenological study
zhila mohamadi dariush gholamzadeh Vahidreza Mirabi Ahmad VedadiScientists consider the issue of succession as one of the most important challenges facing today's organizations, especially banks, and believe that if organizations do not have strategic plans for succession, they will face many problems in the future. The aim of this MoreScientists consider the issue of succession as one of the most important challenges facing today's organizations, especially banks, and believe that if organizations do not have strategic plans for succession, they will face many problems in the future. The aim of this study was to provide an appropriate model for succession planning in Iranian banks. The study was a qualitative phenomenography. Data collection was done in a field method with in-depth and semi-structured interviews. The sample size was 12 experts and specialists who were selected by snowball method. Dimensions and components were identified by coding method (open, axial, selective). In this study, strategic factors, talent management, support of senior managers, cultural factors and educational-development programs as succession requirements, information-technological factors and individual-motivational factors as facilitators and career path management, performance management and resources - infrastructure Were identified as background conditions. The final conclusion is that the succession process is different from one organization to another, and banks are no exception, and all aspects must be considered in the succession process Manuscript profile -
Open Access Article
39 - Identifying the effective factors on relational marketing in the banking industry under the conditions of embargo on private banks and its ranking
Reza Mohammadi Sina Nematizadeh Seyed Abbas HeydariThis research is in terms of practical purpose, in terms of mixed exploratory data (qualitative and quantitative) and in terms of research implementation method, it is of the type of foundation data (qualitative phase) and cross-sectional survey (quantitative phase). Th MoreThis research is in terms of practical purpose, in terms of mixed exploratory data (qualitative and quantitative) and in terms of research implementation method, it is of the type of foundation data (qualitative phase) and cross-sectional survey (quantitative phase). The population of the qualitative stage was all the managers and specialists of the private banks in the west of the country, from whom 21 people were selected by the targeted snowball method, and the statistical population in the quantitative part was all the employees of the private development banks of the west of the country, among them there were 250 people based on the formula Cochran was selected as a sample by stratified random method. The research tools were interviews and questionnaires .used. Data analysis was done based on pls software and foundation data. The results showed that expanding communication, using social networks, mpowering management causal conditions, organizational planning, effective organizational strategy interactive strategies, intra-organizational support and extra-organizational support. Among the intervening conditions, organizational participation, capable human resources and customer satisfaction are background factors. One of the consequences of the implementation of the cases raised is to reach the related marketing of the banking network in the conditions of sanctions. Manuscript profile -
Open Access Article
40 - Modeling to Predict the Liquidity Risk of Iran's Government Banks Using Artificial Neural Networks and Accounting Indicators
Mahdi Khosroyani Farzaneh HeydarpoorAbstractOne of the most important risks of bank is liquidity risk, so banks must have appropriate information systems to measure, predict and control liquidity risk. Banks manage their liquidity risk using different tools and methods, depending on the conditions and typ MoreAbstractOne of the most important risks of bank is liquidity risk, so banks must have appropriate information systems to measure, predict and control liquidity risk. Banks manage their liquidity risk using different tools and methods, depending on the conditions and type of activity. Despite the fundamental differences in the size, type of activity and structure of Government owned banks,is it possible to model and forecast the liquidity risk of state banks? To answer this question in this study, using the accounting information of Government banks in Iran, and the research accounting indicators were calculated and liquidity risk was modeled by the multilayer perceptron neural network. Then, the difference between the results of the model and the real data was measured by MSE. The research results showed that the designed model can be used to predict the liquidity risk of Iran's Government owned banks. Manuscript profile -
Open Access Article
41 - Modelling Bank's Risk and Performance Oriented Financial Strength Using Accounting Information
محمود انصار محمد خدایی وله زاقرد مهدی تقوی زهرا امیرحسینیBank's financial strength become a major concept on banking literature during the past few years and CAMELS is a common approach to measure it. Financial strength not only helps banks to meet legal obligations but also increases their stability in banking crises. We imp MoreBank's financial strength become a major concept on banking literature during the past few years and CAMELS is a common approach to measure it. Financial strength not only helps banks to meet legal obligations but also increases their stability in banking crises. We improve a developed model using CAMELS approach and combine it with Technique for Order of Preference by Similarity to Ideal Solution (TOPSIS) with Simulated Weights to release its limitation and measure financial strength of 24 Iranian banks. As a result this paper prepares a proposed method to monitor and increase bank's financial strength. Manuscript profile -
Open Access Article
42 - Usefulness Offair Value of Loan Facility for Predicting Banks, Future Operational Cash Flows
مریم رستمی حمیدرضا کردلویی غلامحسن تقی نتاج ملکشاه فرهاد حنیفیIn this study, the model of barth et.al (2001) was applied for predicting banks, future operational cash flows and for calculating fair value of loans was applied the model of Tschirhart et al. (2007).The hypotheses of the study were tested through the panel data gather MoreIn this study, the model of barth et.al (2001) was applied for predicting banks, future operational cash flows and for calculating fair value of loans was applied the model of Tschirhart et al. (2007).The hypotheses of the study were tested through the panel data gathered from 18 listed banks in Tehran Stock Exchange. In this researchoperational cash flows of one and two future-year of banks are considered. The findings of the first hypothesis of the research indicated that with 90% assurance only changes of fair value has a significant and negative relation with one year-future operational cash flows and changes of cost of loans has no effect. The findings of the second hypothesis of the research indicated that with 90% assurance both changes of fair value and changes of cost of loanshave a significant and negative relation with two year-future operational cash flows. Manuscript profile -
Open Access Article
43 - Usefulness of Expected Credit Loss of Loan Facility for predicting banks, future profitability
MARYAM ROSTAMI hamidreza kordlouie Gholamhasan Taghi Nataj Malekshah farhad hanifiIn this study the usefulness of expected credit loss of loan facility compared with loss impairment for predicting banks, future profitability was tested. The model of Altamuro and Beatty (2010) and Kanagaretnam et al. (2014) was applied for predicting banks, future pro MoreIn this study the usefulness of expected credit loss of loan facility compared with loss impairment for predicting banks, future profitability was tested. The model of Altamuro and Beatty (2010) and Kanagaretnam et al. (2014) was applied for predicting banks, future profitability and for calculating fair value of loans was applied the model of Tschirhart et al. (2007) and expected credit loss is calculated by fair value of loans. The hypotheses of the study were tested through the panel data gathered from 18 listed banks in Tehran Stock Exchange.The findings of the first hypothesis of the research indicated that with 95% assurance loss impairment has a significant and negative relation with one year-future profitability and expected credit loss has no effect. The findings of the second hypothesis of the research indicated that with 95% assurance both of expected credit loss and loss impairment have a significant and negative relation with two year-future profitability. Also the size of assets has a significant and positive relation with one and two year-future profitability. Manuscript profile -
Open Access Article
44 - Identification of Effective and Influential Factors on Debt Financing for Financial Institutions and Banks in the form of crowdfunding Using Fuzzy DEMATEL Method
Ghazal Shahabi shojaei Shadi Shahverdiani Hashem NikoumaramThe purpose of this research is to identify the effective factors on the debt financing of the financial institutions and banks in the form of the crowdfunding using Fuzzy DEMATEL to propose a model for obtaining the essential conditions for crowdfunding. Debt financing MoreThe purpose of this research is to identify the effective factors on the debt financing of the financial institutions and banks in the form of the crowdfunding using Fuzzy DEMATEL to propose a model for obtaining the essential conditions for crowdfunding. Debt financing is borrowing money from companies and investors through bonds, banks or financial institutions to support related business activities. The research methodology is fuzzy technique, in which multi-criteria decision method (MADM) is used. The opinions of the experts and interviews with ten related experts and the snowball method have been used to reach the theoretical saturation stage in order to identify the factors affecting the development of crowdfunding model and also open, axial and optional coding has been considered. The results depicted identification of the influential factors in crowdfunding including legalism, culture building, funding, collective communication, e-commerce and trust building. According to the results of the study, it can be concluded that this issue is difficult regardless of the effective factors of crowdfunding to finance debt in financial institutions and banks in order to grow. Manuscript profile -
Open Access Article
45 - ارزشگذاری برند بانکها مبتنی بر مدلهای ارزشگذاری برند با استفاده از مدل تصمیمگیری چند معیاره Topsis (مطالعه موردی: بانک ملت، پاسارگاد و پارسیان)
پیام حنفی زاده مسعود فاضلینیا -
Open Access Article
46 - Examining the Effective Factors on Commercial Bank Profitability of Iran Using Panel ARDL Method
Iraj Shariatzadeh Mehdi Shabanzadeh Gholamreza ZomorodianIn any economic system the role of banks to collect deposits of the banking system (Procurement of resource) and its application in the financing of investment projects (allocation of resource) is very important. Nowadays, Expansion of global markets and increase compet MoreIn any economic system the role of banks to collect deposits of the banking system (Procurement of resource) and its application in the financing of investment projects (allocation of resource) is very important. Nowadays, Expansion of global markets and increase competition in the markets for financial services is affected the profitability of the banking industry, significantly. Given that the profitability of banks is one of functions of banks and a more profitable bank has more power to deal with negative shocks to the market, Therefore, attention to the profitability index as one indicator of evaluating the performance of the banks and its role in decisions related to the mobilization of resources, financing and resource allocation is essential. in this study To achieve this goal, the affective factors on profitability of commercial banks has been modeled and studied during 2009-2013. The scope of this study contains 8 commercial banks listed on Tehran Stock Exchange including Eghtesade Novin, Parsian, Karafarin, Pasargad, Mellat, Tejarat, Saderat and Sina. The study also is used the Panel ARDL method to achieve the targets. The results of this study showed that, The ratio of shareholders' equity to assets, The ratio of credit to assets, bank size and inflation have a direct and positive effect on the profitability of commercial banks. So, increasing and improvement of this variables increase the profitability of commercial banks in the short term and long term. However, the effect of credit risk on commercial bank's profitability index is negative. So that increasing of this variable deacrease the profitability of commercial banks in the short term and long term. finally, The results of ECM model reveal that the speed of adjustment towards long-run equilibrium is low, So that if the shock enters the model the long time require for correct the short-run and long-run imbalance equilibrium and back model to first equilibrium. Manuscript profile -
Open Access Article
47 - A Model for Crowdsourcing Science-based Companies in banks
Seyyed Yusef Haji Asgari Vahid Reza Mirabi hasan mehrmanesh Mir Feyz FallahResearch field and purpose: There is a potential for crowdsourcing in different fields. rowdsourcing has been built on the basis of general intelligence and it is able to collect data and also reduce time and cost.crowdsourcing is possible only through IT technology and MoreResearch field and purpose: There is a potential for crowdsourcing in different fields. rowdsourcing has been built on the basis of general intelligence and it is able to collect data and also reduce time and cost.crowdsourcing is possible only through IT technology and requires active and ongoing participation, stakeholders’ interaction and transparent feedback. Therefore, this research aims to propose a model for crowdsourcing science-based companies’ in banks. Method: Considering the method of data collecting and data required for analysis, the present study is a combination of quantitative and qualitative research, in other word, mixed research. It is applied In terms of objective type, samples are collected in descriptive method and it is a survey research in terms of data collection. Findings: findings show that the contributing factors of crowdsourcing directly explain 88.6% of the changes related to the sources of crowdsourcing, 91.5% of the changes related to crowdsourcing phenomenon and 96% of the changes related to the accelerating or slowing factors.. Results: According to the results of the research, the effectiveness of all dimensional components is confirmed. The component of external tissue factors has the highest effect on other factors.Also, factors such as smart malking financial resources, relation factors and psychological and motivational factors have the greatest effect. Manuscript profile -
Open Access Article
48 - The Effect of Risk on Stock Prices of Banks and Insurance Companies with Regard to the Role of Corporate Governance Mechanisms
سحر پژوهی امین ناظمی نویدرضا نمازیAbstract The purpose of this study is to investigate the effect of risk on stock prices of banks and insurance companies with respect to the moderating role of corporate governance mechanisms. For this purpose, the data of 24 banks and 25 insurance companies listed on MoreAbstract The purpose of this study is to investigate the effect of risk on stock prices of banks and insurance companies with respect to the moderating role of corporate governance mechanisms. For this purpose, the data of 24 banks and 25 insurance companies listed on the Tehran Stock Exchange in the period 2010 to 2019 were studied. Multivariate regression model were used to test the hypotheses. The results showed that in banks, market risk has a positive and significant effect on stock prices and the variables of credit risk and liquidity risk have a negative and significant effect on the stock price of the banking industry. In insurance companies, market risk and liquidity risk have a positive and significant effect on stock prices and credit risk has a negative and significant effect on stock prices in this industry. Also, the findings on risk showed that in the credit risk of banks, the variables of institutional ownership, independent committee and audit committee have a negative and significant effect on the stock price of the banks. In banks' market risk, the variables of the independent committee and the audit committee have a negative and significant effect on the bank's stock price. In addition, in the credit risk of insurance companies, managerial ownership has a positive and significant effect on the company's stock price and the size of the board has a negative and significant effect on the company's stock price. In the market risk of insurance companies, managerial ownership has a positive and significant effect on the company's stock price and the independent committee has a negative and significant effect on the company's stock price. In the liquidity risk of insurance companies, managerial ownership has a positive and significant effect on the company's stock price. The results of this study can help managers of banks and insurance companies to make strategic decisions. Manuscript profile -
Open Access Article
49 - Effects of Monetary Policy on Gross Development Product and Inflation through House Price Index in Iran
H. Sharifi-Renani S. Ghobadi F. Amrollahi N. HonarvarThe purpose of this research was to analyze the effect of monetary policy on gross domestic product and inflation via house price index as a proxy for other assets in Iran in 1989-2008. For the analysis time series data and vector error correlation method were used. The MoreThe purpose of this research was to analyze the effect of monetary policy on gross domestic product and inflation via house price index as a proxy for other assets in Iran in 1989-2008. For the analysis time series data and vector error correlation method were used. The results showed that in the pattern 1 the positive monetary shocks in the short run increased the product and decreased the prices but, in the long run it decreased the product and increased the prices. The debt shocks of the banks to the central bank in the short run had little effect on the product and the prices. In the intermediate run these shocks had decreased the product and increased the prices. And in the long run it increased the product and decreased the prices. In pattern 2 positive shock of the legal deposits ratio leads to decrease in the production and increase in the inflation in the short, intermediate and the long run, through the banking lending. Results shoed also that money policy instruments (banks loan to the central bank and the rate of legal deposits) had a little effect on the granted facilities of the banks. Manuscript profile -
Open Access Article
50 - Simple and multiple relationships between Strategic Human Resources Management Programs and Employees Empowerment
farshad nemati rafigh hasaniNowadays the success of any organization is linked to the quality and level of human resources’ capacity and empowering human resources is a significant strategic tool to gain competitive advantage. The main objective of this research was to investigate the relati MoreNowadays the success of any organization is linked to the quality and level of human resources’ capacity and empowering human resources is a significant strategic tool to gain competitive advantage. The main objective of this research was to investigate the relationship between strategic human resources management programs and empowering employees. The purpose of this research is applied and its nature is descriptive-correlational. Statistical population consists of all private and public banking employees in the city of Marivan, totaling 277 employees. Finally 148 employees were selected using stratified random sampling. Chen and Huang questionnaire (2009) was used to measure the variable of strategic human resources management programs and Spreitzer and Mishra (1995) questionnaire was used to measure the variable of empowering employees. Kolmogrov-Smirnov test was used for investigating the normality of data and correlation test, regression coefficient, t independent groups, ANOVA was used to analyze data and test research hypothesis. The results showed that there is 0/56 positive and significant relationship between strategic human resources management programs and empowering employees (R=0/56, P<0/05). Also multiple regression analysis showed that 0/31 changes of employee empowerment through strategic human resource management programs is predictable, and the highest share in this prediction is related to the factor of participation (β=0/57). The results demonstrated no significant difference between any of the above variables in terms of empowerment. Manuscript profile
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