• List of Articles value stock

      • Open Access Article

        1 - The Relationship Between created shareholder value (csv) and Performance Evaluation Measures in Growth and Value Companies
        دنیا احدیان پور پروین
        The aime of this study is to analyze the Relationship Between created shareholdervalue (csv) and Internal Performance Measurement in Growth and Value Companiesconsidering to size during 2003-2009 in Exchange Tehran Stock.The results show that there was significant corre More
        The aime of this study is to analyze the Relationship Between created shareholdervalue (csv) and Internal Performance Measurement in Growth and Value Companiesconsidering to size during 2003-2009 in Exchange Tehran Stock.The results show that there was significant correlation between the refinedeconomic value added in the growth companies and market value added in valuecompany and shareholder wealth was more than the other variables and inclassification of company in size, in growth companies coefficient between MVA inmedium companies and REVA in large companies and in value companies coefficientbetween MVA in small and medium companies and shareholder wealth was more thanthe other variables. Manuscript profile
      • Open Access Article

        2 - Evaluating the Difference between Investors Biorhythmic Internal Rotations with the Formation of a Portfolio Based on Value Stocks
        Mehdi Darvishan Mohammadreza Abdoli Mohammad Mehdi Hosseini Esmail Alibeiki
        Today, beyond classical financial / behavioral theories, biorhythm science as a set of emotional causes: Perceptual and even physical, can be considered the basis for financial and investment decisions. In fact, this science is based on a sinusoidal diagram of a person' More
        Today, beyond classical financial / behavioral theories, biorhythm science as a set of emotional causes: Perceptual and even physical, can be considered the basis for financial and investment decisions. In fact, this science is based on a sinusoidal diagram of a person's state according to the person's position in one of the positive points; Negative and critical shows that can be considered effective on individual decisions. The purpose of this research is evaluating the difference between investors biorhythmic internal rotations with the formation of portfolio based on value stocks. This study was conducted in a period of 6 months separately and 2 months in the form of 4 periods of 15 days to investigate the differences in biorhythmic internal rotations of institutional investors. In this study, 60 institutional investors in the form of 4 groups of 15 people in order to be in three cycles of physical biorhythm; Emotional and subjective were selected and analyzed through multivariate MANOVA tests, ANOVA with repeated measure and repeated measures analysis of variance and post hoc tests. The research tool was to measure the formation of value stock portfolio, the ratio of book value to market value and the separation of companies' stocks into two parts: growth and value, and to measure the biorhythmic internal rotations of investors from Biorhythm software (Biorhythm-365) used in Android and IOS operating systems. The results showed that investors who are in the positive zone in the mental and emotional periodicity tend to use value stocks to form more portfolios than investors who are in the negative and critical zone. Manuscript profile
      • Open Access Article

        3 - A review of information content between difference definite tax and declaration tax
        احمد مدرس حمید زارعیان برجی
        Among the topics which have been neglected or paid less attention in our country, is theconsideration of relative information resulted from the difference between the expressive anddefinite taxes of the companies. This research intends to investigate the scale of correl More
        Among the topics which have been neglected or paid less attention in our country, is theconsideration of relative information resulted from the difference between the expressive anddefinite taxes of the companies. This research intends to investigate the scale of correlation ofthe difference related to expressive and definite tax of the companies and the value of thestock market and the output of the stocks. Also in this research the scale of correlation of thedifference related to expressive and definite tax of the companies with the low earning qualityand the value of its stock market are going to be examined. The research results show thatthere is not a significantly relation in this regard. Also in the companies with the low earningquality, the reason of difference related to expressive and definite tax does not play animportant role in the judgment of the companies’ work.The reason which can be mentioned for this lack of impression on the value of the stockmarket is that between the expressive interest by the tax clients and the income inclusive taxdesignated by tax foundation Manuscript profile
      • Open Access Article

        4 - Investigating the relationship between audit quality and growth and value stock return based on 6-factor model of Hagen
        Gholamreza Soleimani Amiri vahid eftekhari fatemeh daneshyar
        In the present study, the relationship between audit quality and growth and value stock returns was investigated experimentally and with the approach of logistic regression model. The quality of the audit is measured using two criteria: the type of auditor's opinion and More
        In the present study, the relationship between audit quality and growth and value stock returns was investigated experimentally and with the approach of logistic regression model. The quality of the audit is measured using two criteria: the type of auditor's opinion and the size of the audit firm and The division of stocks into growth and value was done using the Hagen model. Also, the size of the company, the leverage ratio and the profitability ratio as the control variables were introduced into the research model. The research sample consists of 80 companies during the period from 2007 to 2017. The results indicate that audit quality has a significant relationship with growth and value stock returns Based on p/s, Roa, p/e and Roe. Manuscript profile
      • Open Access Article

        5 - Studying the Return of value and Growth Stock Based on the ratio of Book Value/MARKET Value (Case: Publicly Traded Companies)
        Ameneh Banaizadeh Hamidreza Kordlouie
        Aim of this research is the survey of role, amount and sort of relation between variables such as ratio of book value to market value, different returns and also study of dfference between value stocks and growth stocks at Tehran stock exchange. Time period is 6 years, More
        Aim of this research is the survey of role, amount and sort of relation between variables such as ratio of book value to market value, different returns and also study of dfference between value stocks and growth stocks at Tehran stock exchange. Time period is 6 years, since 2007 to 2012, and 88 publicly traded companies were chosen. To test hypotheses, static panel data and generalized least squree were chosen. Results in minor group that, the relation between B/M ratio and cash return is negative, meanwhile the relation between aforementioned ratio and total return and also capital return are positive. In major group results show that, there is higher return for growth stock retun in comparison to value stock return. It also shows that the relations are similar to minor group. Manuscript profile
      • Open Access Article

        6 - Evaluation Fundamental based risk model in predicting stock prices
        Ehsan kamali Seyyed Abbas Hashemi Dariush Foroughi
        How to measure the risks is one of the most challenging issues in the stock valuation models. This study is designed based on a new methodology for risk measurement in valuation models based on fundamental factors related. Therefore beta of excess equity returns and bet More
        How to measure the risks is one of the most challenging issues in the stock valuation models. This study is designed based on a new methodology for risk measurement in valuation models based on fundamental factors related. Therefore beta of excess equity returns and betas of size and book-to-market based on earnings, as the risk adjustment was combined to the present value based on risk-free rate in valuating model. Evaluation process was conducted in two stages, first during the period 2002 to 2011 using short time-series regressions, risk-adjustment coefficients were calculated at three levels: firm, industry and selected portfolios and the coefficients in the second stage along with other required data in the research model used to predict the stock price for the year 2012. The results show good performance of applying the model to predict the stock price of listed companies in Tehran Stock Exchange. Manuscript profile
      • Open Access Article

        7 - A comparison between the Fama and French`s three-factor and five-factor models to describe the return of the growth and value stock
        Allahkaram Salehi Borzoo Salehi
        The purpose of this paper is to compare the explanatory power of Fama and French`s three-factor and five-factor models to describe the return of the growth and value stock in listed companies in Tehran Stock Exchange. For this purpose, a sample consisting of 238 compani More
        The purpose of this paper is to compare the explanatory power of Fama and French`s three-factor and five-factor models to describe the return of the growth and value stock in listed companies in Tehran Stock Exchange. For this purpose, a sample consisting of 238 companies during the period of 2003 to 2013  has been selected. To test the research hypotheses, the panel data approach with paternoster test et al (1998) and multiple regressions have been used. The findings indicate that the explanatory power of Fama and French`s five-factor model has more robust than the three-factor model to describe the return of growth and value stocks. Result also show that this effect is more powerful in growth companies than value firms in Tehran Stock Exchange. Manuscript profile