List of Articles trading volume

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  1 - Evaluation the Role of Investor’s Beliefs on the Direction of price and Trading in Capital Market
  Seied Hadi Darakhshandeh Saeid Ali Ahmadi
  Investor’s beliefs about the future of capital markets can play an effective role on the market price trend and market trading volume trend. Investor’s beliefs about the future of the capital market refer to the views of investors. Therefore, the main object More

  Investor’s beliefs about the future of capital markets can play an effective role on the market price trend and market trading volume trend. Investor’s beliefs about the future of the capital market refer to the views of investors. Therefore, the main objective of this study was to investigate the influence of beliefs optimistic and pessimistic investors are on the market price and trading volume market. The population of this research firms listed in the Tehran Stock Exchange and a sample of 50 companies with the highest market value in the five-year period 2010-2015. Sampling methods is systematic elimination and multiple regressions were used to test hypotheses. The results showed that investors are optimistic and pessimistic views on the positive and negative effects of market trading volume trend. The results of this study show that the optimistic and pessimistic Investor’s beliefs does not effect on the market price trend Manuscript profile
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  2 - Stock Liquidity: Market Behavior on Online Trading
  Behzad Kardan Mahdi Moradi S. Ali Mousavi Gowki Mahdi Yaghubi
  Online Trading is a great transformation in capital market transactions, along with making access easy and decreasing transactions cost. This research aims to investigate the market behavior about Online Trading, before and after it has been legal. Statistical populatio More

  Online Trading is a great transformation in capital market transactions, along with making access easy and decreasing transactions cost. This research aims to investigate the market behavior about Online Trading, before and after it has been legal. Statistical population includes all firms listed in Tehran Stock Exchange and Iran Fara Bours (OTC) which have at least one trade in each month during March, 2009 and February, 2013. According to the limits, 3792 firm-month observations have been chosen which includes 79 highly traded stock. The results show that Online Trading has a significant positive impact on volume and count of trading stocks, so the stock liquidity increased after online trading has been legal. Although, Online Trading decrease the amount of abnormal return. Also, results show that online trading was effective on significant increasing the Bid-Ask spread. Manuscript profile
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  3 - Granger causality analysis in mean patterns to measure the number of lags of the cross-correlation between the standard residuals of returns and trading volume in crisis situation
  Mohammad Hasan Saleh Fazel Mohammadi Nodeh mojtaba maleki choobari
  This study investigates the analysis of Granger causality in mean patterns to measure the number of lags of the cross-correlation between the standard-residuals of returns and the volume of transactions during the crisis period. For this purpose, based on daily data fro More

  This study investigates the analysis of Granger causality in mean patterns to measure the number of lags of the cross-correlation between the standard-residuals of returns and the volume of transactions during the crisis period. For this purpose, based on daily data from April 2020 to April 2021, structural breakpoints were first determined and then the relationship between the volume of daily transactions and price changes of the Tehran Stock Exchange was investigated using the GARCH-ARMA model. Finally, the causality was investigated in the average between returns and volume of transactions for each sub-period. The results showed when the prices fall sharply during the crisis period, market participants tend to use the volume of past transactions to predict current returns. Also, the results showed when there is an upward price movement in the post-crisis period, it is observed the correlations are significant from lag 2 to 20. These observations suggest causality-in-the-mean between both series occurs asymmetrically after the crisis period. Such asymmetric behavior supports the trader heterogeneity hypothesis from two perspectives, firstly, the degree of significant cross-correlation between the standardized residuals of both series is stronger in the highest interval before the crisis than after the crisis. Second, the time frame for past trading volume to correlate with current returns becomes longer after the crisis. The results of the research can be used to predict stock prices at a time when we are facing the fall of the stock market and the emergence of behavioral phenomena, especially negative market sentiments. Manuscript profile
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  4 - An Investigation of Affecting Factors in Bid Ask Spread as a Measure for Information Asymmetry
  Heidar Foroughnejad Mohsen Moradijoz
  This study examines the effective factors in bid ask spread as a measure for information asymmetry among listed firms in Tehran’s stock exchange. In this study, the effect of share’s liquidity risk variables, market liquidity risk, , market liquidity, number More

  This study examines the effective factors in bid ask spread as a measure for information asymmetry among listed firms in Tehran’s stock exchange. In this study, the effect of share’s liquidity risk variables, market liquidity risk, , market liquidity, number of transactions, and trading volume of bid ask spread is investigated. In this line, five hypotheses were suggested. A sample consisting of 107 firms (642 firms-year) among the Listed Firms in Tehran’s Stock Exchange (from 2007 to 2012) were collected and tested through combined data method to test the hypotheses. The results verify the first and second hypotheses in that the number of transactions and trading volume has significant relationship with bid ask spread.  However, no relationship was found to be between liquidity risk, market liquidity risk, and market liquidity with bid ask spread. Manuscript profile
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  5 - The Effect of trading volume and high P/E ratio on the price bubble in Tehran stock exchange market
  Mostafa. Zandieh Rouzbeh. Ghouchani
  In this study, we tested the effect of high trading volume and high P/E ratio on the price bubble in Tehran stock exchange market. In this study, trading volume and P/E ratio are independent variables, and price bubble is dependent variable.    In this study, More

  In this study, we tested the effect of high trading volume and high P/E ratio on the price bubble in Tehran stock exchange market. In this study, trading volume and P/E ratio are independent variables, and price bubble is dependent variable.    In this study, At first we took a sample from the statistical population that includes all the accepted companies in the Tehran Stock Exchange Market by Cochrane method, then data accumulated by Rahavard Novin software, then we distinguished existence of price bubble by the run test method  and finally the relation between variables of the hypothesis were tested by linear regression.    At the Tehran stock exchange market we are witnessed high rate volatilities of total index from 1385 till now. Experts find the root of stock exchange market crisis in different things; some of them consider bubble price as the reason of the crisis.    According to the results of testing the hypothesis of the research from 1385 until bahman 1391; First, low trading volume increases the bubble price; Second, high P/E ratio directly affects the bubble price.   Manuscript profile
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  6 - Investigation the Un-Suretunetly of Exchange Rate On Index Price & Level of Investment In Tehran Stock Index (Using VAR and GARCH Models)
  M. Hossein Ranjbar M. Feiz Fallah Shams Rouhollah Rezazadeh
  the capital market decisions issue is constantly changing and developing and is dynamic as one of the most important and sensitive economic & financial sections of companies, it sometimes faces huge challenges for financial & economic and even political crisis & More

  the capital market decisions issue is constantly changing and developing and is dynamic as one of the most important and sensitive economic & financial sections of companies, it sometimes faces huge challenges for financial & economic and even political crisis & it is sometimes developed by attempting and economic boom of social and political interactions and positive attitude toward investment, so, researchers have studied the changes and volatility of this market. For the importance of issue, the current research is studying trading volume, volatility and stock returns in Tehran Stock Exchange & their relationship using Multivariate regression analysis for model (GARCH,ARCH) and autoregressive models (VAR) on the data related to the years 1991-2012. The results of the research indicate that among the variables which are being studied, interest rates fluctuate Variable shock, rules stability and stock return volatility have the greatest effect on investment in the stock And then the stock turnover volume, rate of inflation, capital stock in the economy have the greatest effect on the investment in stock in the financial sector of the economy. On the other side, variables in long run have linear relationship in which the effects of change in interest rates Variables, volatility of stock returns, negative alternative assets will reduce the investment in stock. Therefore, the rules stability index, capital stock & turnover have the greatest effect on investment in the stock. Negative coefficient shows negative impact of bank interest rates, volatility of stock returns, negative substitute assets on investment in stock, because in Iran, this index shows concepts such as Restrictive regulations, government intervention in the economy, competition policy, bureaucratic obstacles and governmental rules &  regulations, access to capital markets. Efficient rules will realize the objectives of increasing investment attraction in stock imposed by government with lower costs. Manuscript profile
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  7 - The effect of the political cycle on the Tehran Stock market trading volume and liquidity
  Farhad Hanifi Ghasem Gholamlou
  This study examines the impact of political cycle on Tehran stock  Exchange performance. Political cycle is a four-year cycle that Is known to  political business cycle and   Presidential cycle. Political cycle theory shows  that stock returns&n More

  This study examines the impact of political cycle on Tehran stock  Exchange performance. Political cycle is a four-year cycle that Is known to  political business cycle and   Presidential cycle. Political cycle theory shows  that stock returns  fall  during  the first  half  of a presidency, and  rise  during  the second  half  of a presidency .Also Stock market performance in different years from a government in USA  Indicated stock returns is lower in the second year than in other years .In this study, stock market performance is measured by Trading volume and  Liquidity Index. The research method is based on the goal, application and is based on the method  descriptive .we used two methods to collect data and content,library method and  Using the Exchange documents. The study used descriptive and inferential statistics. Statistical analysis was performed using SPSS software. The results of this research indicate that There is significant relationship Between the independent variable (Political cycle) and  dependent variables ( Trading volume and Liquidity Index ). In other words, there is significant difference between Thehran stock performance (Basis of  two  indicators) the first half and second  half of a presidency. Also, there is no significant difference between Thehran stock performance the different years of a presidency. In summary , this research shows Tehran Stock Exchange follow the political cycle. Manuscript profile
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  8 - The risk of stock price crash and the factors affecting it in companies registered in Tehran Stock Exchange
  Yazdan Gudarzi Farahani morvarid khajeh Albert Boghozian Mojtaba Mirlohi Nasser Asgari
  The purpose of this study is to experience the stock prices crash and the factors affecting it in companies registered in the Tehran Stock Exchange in the period of 2008-2019. For this purpose, the generalized method of movements (GMM) was used. The presence of incorrec More

  The purpose of this study is to experience the stock prices crash and the factors affecting it in companies registered in the Tehran Stock Exchange in the period of 2008-2019. For this purpose, the generalized method of movements (GMM) was used. The presence of incorrect pricing in assets usually causes a sudden drop in prices and the fall of the stock market. Therefore, identifying the factors affecting incorrect pricing can make prediction possible and help market players to more accurately predict the future return of stocks and timely detect the formation of a price bubble in the composition of the stock portfolio. Keep less risk and thus reduce the risk of falling prices. The data used in this research have been reviewed monthly. The findings of the research show that there is a positive and significant relationship between stock price volatility and the risk of falling prices and future stock returns. Also, there is a positive and significant relationship between the number and volume of transactions and the risk of stock prices crash. The data used in this research have been reviewed monthly. The findings of the research show that there is a positive and significant relationship between stock price volatility and the risk of falling prices and future stock returns. Also, there is a positive and significant relationship between the number and volume of transactions and the risk of stock prices crash. Manuscript profile
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  9 - Investigating the effects of investment banks index on Iran Stock Exchange price index
  Abbas Papizadeh Palangan Nemat Falihi Shahriar Nesabian
  10.30495/fed.2023.698855
  AbstractAn investor bank is a financial organization that acts as an intermediary between the securities issuing company and the purchasing community. And since most companies are financed through the issuance of securities and this method has a significant contribution More

  AbstractAn investor bank is a financial organization that acts as an intermediary between the securities issuing company and the purchasing community. And since most companies are financed through the issuance of securities and this method has a significant contribution to the development of the country's financing system, the role of investment banks in the securities issuance process is very important. The main purpose of this article; Identifying the indicators of investment banks in the public and private sectors is based on the stock price index. The scope of the research is between 1390 and 1400, to collect statistical information from primary market, secondary market and financing data (Omid Capital, Amin Capital, Maskan Bank Capital, Mellat Bank Capital, Tamadon Capital, Sepehr Capital, Kardan Capital Financing, Lotus Parsian Capital Financing, Novin Capital Financing) have been used as effective indicators of investment banks and the short-term investment rate of investment banks and the stock price index. The method of analysis of this research is self-regression econometric model (panel). Using Fisher's exact test and Johansen co-integration test, static and long-run relationships of variables were examined. There is a level of 0.95 between the variables; Then, using shock analysis and analysis of variance, it was shown that among the effective indicators of investment banks (initial public offering) in public and private banks, the most impact is on the stock price index. Manuscript profile
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  10 - Bayesian Estimation of Relationship Between Return Volatility and Stock Trading Volume of Tehran Stock Exchange Index
  Ebrahim Haj Khan Mirzaye Sarraf Teymour Mohammadi Mohammad Reza Salehi Rad Reza Taleblou
  The purpose of this study was to develop Bayesian modeling of returns volatility and turnover volumes. On this basis, the volatility of the Tehran Stock Exchange index returns and its trading volume have been studied with daily, weekly and monthly frequencies during the More

  The purpose of this study was to develop Bayesian modeling of returns volatility and turnover volumes. On this basis, the volatility of the Tehran Stock Exchange index returns and its trading volume have been studied with daily, weekly and monthly frequencies during the period of 21 April 2015 to 27 February 2019. The research findings show that the CCC model assumption of constant conditional correlation between the variables is violated and it is observed that the existing relationship is a dynamic conditional correlation type of DCC model and a negative one which implies that with increasing returns, investors due to optimism is less reluctant to sell their stock and by failing to sell it reduces the volume of transactions in the market and vice versa. On the other hand, the research findings show that considering the skew student t distribution for errors with a wider tail than the normal distribution and skewness application, it has a better performance than the other distributions. Manuscript profile
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  11 - The Impact of Using Dimensionality Trading Strategies on Forecasting the Daily Stock Returns of the Panel Data Method.
  Ehteram Rahdarpoor heshmatolah asgari
  Earnings forecasting systems provide timely decisions by providing timely information. Earnings forecasting by management is widely used in assessing profitability, profit-related risk, stock price judgments, and valuation models (Manfred & Inky, 2014). Our purpose More

  Earnings forecasting systems provide timely decisions by providing timely information. Earnings forecasting by management is widely used in assessing profitability, profit-related risk, stock price judgments, and valuation models (Manfred & Inky, 2014). Our purpose in this study is to investigate and investigate the impact of dimensionality trading strategies on predicting daily stock market returns by the fuzzy logic approach of firms. This study is a library-analytic-causal study based on panel data analysis (panel data). In this study, the financial information of 19 companies listed in Tehran Stock Exchange during the period 2011-2018 was reviewed. The results showed that using stock trading strategy and stock price reduction strategy have significant effect on prediction of daily stock market returns, but trading volume reduction strategy has no significant effect on market forecasting. I hope to accept my article. I suggest the editor remove this restriction on the number of words used in the abstract for the English text. Manuscript profile
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  12 - Conceptual Explanation of the Effectiveness of Trading Volume around Earnings Announcements
  حسن چناری بهمن بنی مهد
  10.30495/jdaa.2022.691735
  Abstract The objective of this research is conceptual explanation of the effectiveness of Trading Volume around Earnings Announcements. The method of the present research is the method of historical cognition in the framework of library studies and is of the type of th More

  Abstract The objective of this research is conceptual explanation of the effectiveness of Trading Volume around Earnings Announcements. The method of the present research is the method of historical cognition in the framework of library studies and is of the type of theoretical-critical research and based on research related to the subject.In general, the analytical approach has at least 4 important features; First, this view is often textual, meaning that it accepts that accounting has economic, political, and social implications. Second, this theory seeks participation and interaction. This means that it is always looking to change or improve accounting practices. Third, it is related to both micro (individuals and organizations) and macro (profession and society) levels, and the fourth is interdisciplinary and relates to, borrows from, and combines with other systems. Therefore, the critical view is more related to the accounting profession, system and procedures than traditional studies.The principle of disclosure is considered as one of the principles of accounting and according to this principle, all information related to the activities of the company should be provided to various groups in an appropriate and timely manner. In other words, information disclosure can be used to transfer information from a specific domain to a general domain. Proper and quality disclosure will improve transparency and reduce information asymmetry and market effectiveness.The effects that determine fluctuations in the capital market are innumerable. Past, present, and even neglected events are reflected in market prices, but often do not show a clear relationship with price changes.The results of this study provide useful theoretical information for policy makers and institutions that develop accounting standards on the quality of financial reporting for investors and develop the results of behavioral research in the field of finance. Manuscript profile