List of Articles Net Asset Value

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  1 - The Effect of Environmental and Managerial Factors on Investment Mutual Funds' Return in Iran
  Z. Poorzamani A. Rohy A.M. Safari
  The capital market as a mirror of economy has different functions. One is to improve liquidity in themarket, which provides security for investors. Financial innovations for managing risks are aim toachieve this goal. Accordingly, various kinds of funds have been design More

  The capital market as a mirror of economy has different functions. One is to improve liquidity in themarket, which provides security for investors. Financial innovations for managing risks are aim toachieve this goal. Accordingly, various kinds of funds have been designed to collect money fromnonprofessional investors in order to reduce risk and make a profit. In this study, we gathered datafrom 13 authorized mutual funds during a 65-week period . To examine the effect of variables on fundreturns, the Fama-MacBeth multilateral regression model was used. The parameters were estimatedusing a mixed panel-data model. Seven fundamental hypotheses were tested; three were disproved;and the rest were confirmed. The results show a meaningful and positive correlation between funds’ex-fluctuations of returns, last period return, age, assets turnover rate, and acquired return. However,no positive or meaningful correlation was found between assets under funds managers’ control, fundfees and charges, rate of injection of new money to funds, and the funds’ acquired returns Manuscript profile
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  2 - The designing and presentation a model of the use of power resources in measuring the performance of mutual funds and the quality of financial reporting
  mahnaz iravani mir feiz fallah shams Fraydoon Rahnamay Roodposhti mohammadhamed Khanmohammadi Zohreh Hajiha
  The efficiency and effectiveness of any organization significantly depend on the management and proper use of human resources. Managers may also contribute to the promotion of productive activities and the efficiency of financial markets by increasing the return on port More

  The efficiency and effectiveness of any organization significantly depend on the management and proper use of human resources. Managers may also contribute to the promotion of productive activities and the efficiency of financial markets by increasing the return on portfolio and subsequently attracting liquidity in the country's economy. The present study aims to investigate the sources of power on the performance of mutual funds and the quality of financial reporting. This research is correlational in nature and content. In this research, a sample of 66 mutual funds was reviewed from March 2020 to March 2021 in Tehran Stock Exchange. The results of this study showed that the power of managers affects the performance of mutual funds and the quality of financial reporting, also the performance of the company may be a mediating variable in the relationship between the power of managers and the quality of financial reporting. Manuscript profile
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  3 - Relationship between Stock price & NAV
  Nasser Shams Mahsa Pezeshki Abolfazl Davoudabadi Davoudabadi
  Theoretically, the net asset value of closed end funds is considered as one of the most important indicators of their stock valuation. In practice, closed end fund stock is traded with discount or premium to their net asset value and trading with discount is more popula More

  Theoretically, the net asset value of closed end funds is considered as one of the most important indicators of their stock valuation. In practice, closed end fund stock is traded with discount or premium to their net asset value and trading with discount is more popular. The purpose of this research is studying the relation between the price and net asset value of investment companies. The data for this research is the price and net asset value of investment companies accepted in Tehran stock exchange for the period from 2002 to 2009 that were investigated by econometrics methods.  According to research results in short-term relationship, auto correlation in price series is clear. The reason is more affected by two restriction factors, "Tick Size" and "Base Volume". It is clear that in long-term relationship after 2004, investment companies stock price is 67% of their net asset value plus a constant and a variable amount which is depended on time (Trend). The variable amount of long-term equilibrium relationship in Tehran Stock Exchange has descending trend that shows increase in discount of stock price in recent years.  Considering the high correlation coefficient between different companies discount in the sample over time, it can be concluded that behavioral theories have played more important role in describing discount fluctuations in Tehran Stock Exchange. Manuscript profile