FINANCIAL KNOWLEDGE OF SECURITY ANALYSIS (FINANCIAL STUDIES)
Year:2011 | Volume:4 | Issue:11|Papers Count:9

Lever, is the deep conceptual and functional with a long history in financial literature, which requires understanding, knowledge, and why is it based on facts. This achievement comes with the knowledge to tackle the financial and development role play, with other sciences such as physics in the interaction and a new branch of science called physics to finance was introduced.This Study is the Analytical-Inductive base method diagnoses the historical, philosophical framework to explain the history and nature of the lever and a new approach to identifying and promoting financial sciences.Although the original words were from Archimedes, but the first time was in Iran where it brought up by Ibn Sina in the field of measurement and the concept of comprehensive.And it has roots in the land of Iran. This is confirmed by research evidence that First, Famous Iranian great celebrity, Ibn Sina applied the lever to displace heavy objects as mechanics in physics can be comprehensively and measurable. Second, this concept influence to the finance from physics. Third, Measurement of leverage on the financial knowledge is the same heavy burden in literature of physics based on Ibn Sina’s theories which is essential for economic corporation survival and success.

Companies attend function in the market and at different degrees of the continuity of the activity to rank the companies on the basis of partial power of the continuity of the activity and turning the qualitative variable of it into the quantitative variable. Several factor and parameters affecting the Partial power of the continuity of the Continuity of the activity of companies were considered in the form of models and their performances were assessed. One of those models is the one of conditional probability (logit) offered by Zavgern (2001).This study aims at establishing the ability and attaining the sureness of invesrtors and creditors to recognize the continuity of the activity, to rank the companies, to identify the amount of accuracy of Zavgern model on the basis of main ratio and coefficients and to modify them according to the environmental conditions of Iran.The direction of the present study considering the purpose is "functional", "descriptive" to be done, specifically is the one of “correlative”.The required information was gathered through library. 16 successful and 9 failed companies were selected through the method of systematic sampling according to the offered definition. Using the related formulas, the criteria of these companies were calculated by Excel software. To test the hypothesis, SPSS (17) software and (ANOVA) as well as (OLR) were utilized at the level of 5%. Findings of the present study show that there is no significant relationship between financial ratios of Zavgern model and the continuity of the activity of the accepted companies in the security exchange of Tehran. Also the percentage of the accuracy of forcasting the offered model by Zavgern in the environmental condition of IRAN to rank the companies was too low (25.4%).whereas, by modifying ratios and the related coefficients, it reaches to 71.66%.

The main purpose of this paper, is The survey a comparison between The traditional of liguidity indices and the new of liquidity indices in the Company adopted the Tehran Stock Exchange (Automotive Industry) are hereby to users of financial statements in order to help obtain optimal decisions. The study population of this study, listed companies in Tehran Stock Exchange (Automotive Industry) during the years 1383 to 1387 and is omissive sampling method has been used and information necessary to implement this research with the financial statements and notes have been collected. For analysis of descriptive and analytical statistics have been used.The result indicate that between traditional of liquidity indices and the new of liquidity indices is positive correlation and all the proposed criteria for measuring liquidity within the range of assumptions that are specific to their place are suitable for each of these indicators, however after a liquidity problem have been considered and some other aspects are ignored.

A major requirement for investors in security and stock market is to have scientific information about how to buy and sell stock in a desirable way. An important issue here is to pick suitable stock or portfolio for buying and selling and to choose the best methods to ensure maximum return. Lack of appropriate knowledge on desirable methods in stock marketing is among the most important concerns for stock markets investors. The present study deals with the comparison of various methods for price forecast in stock market and three methods, namely filtering, buy and hold and moving market average, are investigated separately in long term for companies accepted in Iran Stock Market during the period 2001 to 2008. The results suggest that Stock returns calculated in filtering method in long-term run is greater than those of buy and hold and moving average methods and buy and hold method greater than moving average method.

Nowadays the enterprises are in an intensive competition and cannot merely rely on traditional methods of decision making over certainty, risk and uncertainty situation in facing domestic or international rivals.Hence recognizing the new techniques of decision making against the competitors in the contradictory situations seems to be a vital necessity for each enterprise. These techniques assist the investors to make an economical evaluation of the investment alternatives and help them to manage and mitigate the risk.Investment in the developing countries is competitive and is endangered by a plenty of unknown and unexpected variables which lead the investors towards investigating and applying the new methods like "Games Theory".This article describes how to use the Games Theory's Methods to make the proper and timely decisions against the rivals and how to evaluate the investment alternatives economically. It also tries to show how the Games Theory maintains the interests of different investors in the alternatives and helps them to reach to an equilibrium point of consent. Study result showed that Game Theory have applicable in Investment evaluation.

The purpose of this study was to examine the impact of financial repression on economic growth in Iran. For this purpose, using the index of financial repression Traditional and classical variables and using PCA (PCA), per year is estimated. To examine the impact of financial repression on economic growth, the effect of financial repression policies on Iran's economic growth over the years (85-1355) using the equation of accumulation and error correction (VECM) is investigated. The results show that the policy of financial repression Iran's economic growth has reduced the direct and expressing it is important to The policy of financial repression policy against direct and indirect economic growth.

Capital Market as the base of financial interactions is needful to have a perfect supervision. Because defects in basic factors like efficiency, regulation and investors learning, cause Capital Market to wander and emerging the phenomenal in the name of bubble. Bubble is the proximate and intensive growth in prices that is result of optimistic expectations. Demand is increasing by following the optimistic expectations and it is the cause of increasing price. At the end, by reverse expectations, we have decreasing price and crisis. This research has first some introduction about bubble and its inducements, by following the regime switching model, representation by Brooks and Katsaris (2005), then we recognize Speculative Bubble in the Tehran stock exchange Index and 5 Industrial Index (Felezate asasi, Siman, kani felezi, khodro, kok va tasfieh Faraverde nafti) in the term of 1383–1387. The main variables in this model are relative size of bubble and abnormal volume.

This study examines relation between intellectual capital and firm's capital structure over a 8- period in 69 firms in Tehran Stock Exchange. The measure of a firm's capital structure is debt to asset ratio as a dependent variable. Findings show that intellectual capitals have a positive relation with firm's capital structure. Also the evidences indicate that capital structure have a positive relation with firm's size. Meanwhile there are a negative relation between firm's profitability and capital structure. The study advice to firms' managements to improve personel performance by training or employing foreign intellectual capital in order to decrease firm's debt. Financial analysts and other users could also use the results of this study and its model to analysis firm's financial structure.

This paper evaluates the effects of financial liberalization on Market Capitalization Ratio, from 1990 to 2008, for a sample of 6 countries. These countries are of the MENA region: Egypt, Oman, Saudi Arabia, Iran Islamic Rep, Jordan, and Tunisia.We used the Foreign Direct Investment as financial liberalization index. The finding shows that financial liberalization spurs Market Capitalization Ratio. Unfortunately this effect is low. Some of reasons are economic instability, visit constraint for foreign investment and securities expansion to them. Economic stability and substructure provisions and precaution for securities expansion to foreign investment are precondition to liberalization.