List of Articles G23

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  1 - Analyzing the impact of private banks on Economic growth in Iran
  قرشاد مومنی عباس شاکری جواد طاهرپور بهنام عزتی اختیار
  Economists have always emphasized the impact of financial development on production and economic growth; therefore, promoting financial development through governmental banks privatization and allowing private banks to be established, has been one of the main growth str More

  Economists have always emphasized the impact of financial development on production and economic growth; therefore, promoting financial development through governmental banks privatization and allowing private banks to be established, has been one of the main growth strategies in different countries. However, the results are different in countries. In Iran, after negative consequences which emerged from banking sector nationalization, government decided to allow private banks to be founded in order to eradicate the problems created by governtmental banks. In order to evaluate the impact of private banks performance on economic production and growth in Iran, Autoregressive Distributed Lag (ARDL) technique has been used based on seasonal data form 1382-1394. The study indicated that the impact of financial development has been positive on economic production and growth, which means promoting financial development and facilitating financing procedures, has resulted in production increase. However, regarding private banks and their impact on economic growth, its needed to mention that in line with increasing their market share of financing in Iran, the production has decreased. The main reasons for this phenomenon are toxic assets in private banks balance sheets, accumulated government debts, financing speculative sectors in the economy, managing lots of companies and involvement in speculative markets.   Manuscript profile
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  2 - اثرات متغیرهای کلان اقتصادی بر شاخص کل بورس اوراق بهادار تهران
  اسماعیل فدایی نژاد رضا فراهانی
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  3 - The Effect of Financial Development on Income Distribution in Developing Countries and Developed Countries: GMM Method
  علی اکبر احمدی محمد اسماعیل رستمی نیا علیرضا غیبی
  Considering that the main objective of this study was to investigate the effect of financial development on income distribution (Gini index) in  selected developing countries and  developed countries in the selected time period (2000-2010) is empirical modelin More

  Considering that the main objective of this study was to investigate the effect of financial development on income distribution (Gini index) in  selected developing countries and  developed countries in the selected time period (2000-2010) is empirical modeling study using dynamic panel generalized moments (GMM) and use the variables GDP per capita, trade openness indicator, the indicator of financial development, inflation, consumer price index and the Gini coefficient was estimated. The results of the estimation of the model in both developed and developing countries distinguishing short and long term effects is discussed. These results indicate that the coefficient of financial development in developing countries (0/02) have opposite signs developed countries (-0/04) is. As income inequality and financial development theories, different estimates of the relationship between these two variables stated, Financial development in developing countries, the increase in income inequality and the increase in average household income and access many brokers and financial services, reduces income inequality. While in developed countries a negative linear relationship between financial development and income inequality that Byangrkahsh income inequality is due to the development of markets and financial intermediaries. Coefficient of per capita income, inflation and the value of the Gini coefficient by delays in developing countries and developed signs consistent with the model assumptions. Manuscript profile
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  4 - Systemic Risk Contagion Mechanism in Iran Financial System: Money and Capital Markets
  Vahid Mirzaei Badizi Ali Souri Mehdi Naji Nafisa Baharadmehr
  10.30495/fed.2023.700118
  Abstract In this paper, using an agent-based model, the behavior of commercial banks and investment funds is simulated. We have tried to show systemic risk transmission mechanism from the money market to the capital market through balance sheet changes. In this model, More

  Abstract In this paper, using an agent-based model, the behavior of commercial banks and investment funds is simulated. We have tried to show systemic risk transmission mechanism from the money market to the capital market through balance sheet changes. In this model, the money and capital markets are endogenously modeled and the price is determined by interest rate and stock market index in these markets respectively. 81 percent of Iranian commercial banks have a mixed portfolio of interbank loans and securities and can spread the crisis throughout the financial system in case of a shock. This process happens through the fire sale mechanism and investment fund unit redemption and can make stocks undervalued in the capital market. Although higher imposed capital adequacy and liquid assets rate can reduce the shock effect on price in the capital market, these high rates make banks portfolios mixed and increases systemic risk. Optimal capital adequacy rate is estimated 19 percent. Manuscript profile
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  5 - An Appraisal of Rating of Mutual Funds Performance in Iran
  امید علی عادلی
  The mutual funds are suitable instrument for individuals and legal in order to investment. Evaluating and rating of these mutual funds can be useful guide for investment. The aim of this study was ranked active mutual fund in Iran. For this purpose, the statistical data More

  The mutual funds are suitable instrument for individuals and legal in order to investment. Evaluating and rating of these mutual funds can be useful guide for investment. The aim of this study was ranked active mutual fund in Iran. For this purpose, the statistical data during December -2011 to the end of the period of  December 2016 (5 years) is used. The mutual funds selected on the basis traditional criteria and DEA are ranked. Then, according to numerous criteria to rank the full funds have been used TOPSIS. Input and output surplus return funds in traditional measures of risk indicators and data envelopment analysis inputs and outputs, including a variety of risk factors, including the rate of return and of course have been better. After ranking all funds with 8 criteria to criteria used in the ranking of TOPSIS. The results showed that among the 17 funds surveyed Firouzeh, Burseiran and Agah aware ranked first to third and Pishgam fund, brokerage Agricultural Bank fund and the Ganjeneh Refah fund have the final ranking. Manuscript profile
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  6 - تاثیر اطمینان بیش از حد سرمایه گذاران بر اثر تمایلی در بورس اوراق بهادار تهران
  محمد حیدری فر امیررضا کیقبادی
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  7 - The Effect of Institutional Ownership Horizon on Social Responsibility and Stock Value of Companies Listed on the Tehran Stock Exchange
  فاطمه صراف مجتبی کریمی فاطمه بشارت پور
  10.30495/fed.2022.691506
  Abstract Institutional investors with a significant shareholding in corporate stocks have a lot of influence in investable companies and can influence the practices of managers. The internal functioning of social responsibility and institutional ownership can lead to i More

  Abstract Institutional investors with a significant shareholding in corporate stocks have a lot of influence in investable companies and can influence the practices of managers. The internal functioning of social responsibility and institutional ownership can lead to improved corporate position, increased efficiency, profitability, value and long-term survival of companies. By disclosing social responsibility, companies can obtain the material and non-material support of institutional investors. The purpose of this study is to investigate the effect of institutional ownership horizon on social responsibility and stock value of companies listed on the Tehran Stock Exchange during the period 2009-2010. Findings show that the long-term institutional ownership horizon has a positive and significant effect on corporate social responsibility and stock value. The results also show that the horizon of short-term institutional ownership has a negative and significant effect on social responsibility and stock value of companies. Therefore, it is important to pay attention to the type of institutional owners in better investment with less risk. Manuscript profile
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  8 - Modeling the role of behavioral characteristics and financial literacy of real investors on financial management behavior in the Iranian stock market
  روح اله قیصری اله کرم صالحی صغری قبادی
  The financial management behavior of a real investor is influenced by his behavioral characteristics and financial knowledge, explains how a person reacts when faced with financial events and affects the life of the capital market by affecting his life.The purpose of th More

  The financial management behavior of a real investor is influenced by his behavioral characteristics and financial knowledge, explains how a person reacts when faced with financial events and affects the life of the capital market by affecting his life.The purpose of this study is to design a model of the role of behavioral characteristics and financial literacy of real investors on the behavior of financial management in the Iranian stock market. The research design is qualitative with grounded theory. In-depth interviews were conducted with 20 professors of accounting, business management and financial management in the country's universities and managers and senior experts of Tehran Stock Exchange using the "snowball" sampling method.The results indicate that the model of the role of behavioral characteristics and financial literacy of real investors on financial management behavior includes 18 dimensions as: casual conditions(1. personal beliefs, 2. personality traits, 3. behavioral characteristics, 4. financial literacy) , contextual conditions (5. Personal and social values, 6. Emotional factors, 7. Information and awareness, 8. Financial intelligence), Intervention conditions (9. Financial institutions, 10. Verbal communication, 11. Financial anxiety, 12 Behavioral biases), strategy (13. Risk management, 14. Investment decisions, 15. Financial literacy training) and outcome (16. Investment profitability, 17. Financial security, and 18. Investors' satisfaction).Investors' financial management behavior makes the process of their decisions in the stock market predictable, so applying the model of behavioral characteristics and financial literacy of real investors to understand the financial management behavior in the Iranian stock market, is very important and necessary. Manuscript profile
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  9 - The Relationship between Smart Business and Integrated Reporting and Its Impact on the Financial Performance of Companies Listed on the Tehran Stock Exchange
  حسین احتشام مهر یحیی کامیابی مهدی خلیل پور
  10.30495/fed.2021.687933
  The purpose of this study was to investigate the relationship between smart business and integrated reporting and its impact on firm performance. After introducing integrated reporting as the latest development of corporate reporting, 65 companies have been selected in More

  The purpose of this study was to investigate the relationship between smart business and integrated reporting and its impact on firm performance. After introducing integrated reporting as the latest development of corporate reporting, 65 companies have been selected in the period of 1398. To measure integrated reporting from content analysis method; Smart Business has used the standard questionnaire of Provich et al. (2012) and financial performance from the rate of return on assets. Multivariate regression method (generalized least squares) was used to test the research hypotheses. The research findings show that on average, companies provided 37.6% of integrated reporting. There is also a significant relationship between smart business and integrated reporting and this relationship affects the performance of companies listed on the Tehran Stock Exchange.   Manuscript profile