FINANCIAL KNOWLEDGE OF SECURITY ANALYSIS (FINANCIAL STUDIES)
Year:2017 | Volume:10 | Issue:33|Papers Count:9

The main target of this research is the investigating of relationship between of social responsibility and forces with a bubble that is created in Stock Exchange of Tehran for a symbol Transactions (for clarifying the information from the managers). At first all the information are determined with the unit root of P/E, Elongation, sequence and Skew tests in Stock Exchange of Tehran for 158 companies that they had the bubble in 1389 to 1392. Therefore with getting the bubble tests, all the companies in 1389 to 1392 had the alternations in Exchange and they divined in two parts, with the bubble and without bubble. Variable transparency, Financial Leverage, Speed liquidity, the rate of official value and Equity Market, the rate P/E and the companies were used for predicting the bubble. Therefore with using of Logistic regression, a model was designed for the bubble prediction. The research results show that the increase of Variable transparency, Float shares Financial Leverage, Speed liquidity, the rate of official value and Equity Market, the rate P/E and the companies are the reasons in the decrease of bubble. Generally, these results support this Hypothesis that there is a negative and rational relationship between the transparency and bubble.

Investors and investment managers, in the selection and purchase of shares of companies, faced with the decision making process. In the process, they are looking for stock options that have the maximum benefits. In the investment process, succeeding and earring profit, without proper analysis and having knowledge of the stock market situations, is not possible, so each investor should then review and analyze stocks, start to buy and sell them Thus In this study were investigated efficient technical strategies containing exponential moving average (EMA) and relative strength index (RSI) and hybrid method hybrid method EMA&RSI with buy and hold method in order to buy stocks. According to daily and weekly, signals were extracted from 16 investments companies in Tehran Stock Exchange for five years 2000 to 2015 and was compared with buy and hold method. Results showed, although technical strategies were not efficient enough in order to buy stock in extremely bullish periods (2013) this strategy was efficient in equal periods or bearish periods (2014) to buy stock.

In this study is examined the role of return dispersion in the interpreting of the accrual anomaly and also is assessed the impact of return dispersion on the risk premium of low and high accrual portfolios. For this purpose, sample of 113 firms listed in the Tehran Stock Exchange were studied in the time period from 2009 to 2014 To test the study hypothesis is used Fama and French's pricing model.The results showed that the dispersion of returns / relative return resulting in a significant and positive risk premium over the stock and accrual portfolio and there is a significant difference between the impact of the relative return dispersion on risk premium of low-accruals and high-accruals companies.

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.

The sensitivity of investment to cash flow is one of the issues that have recently been the focus of financial researchers. This measure through the changes in company capital expenditures to per unit change in cash flow, measurement is made. The aim of this study was to evaluate managerial optimism measure and its impact on the sensitivity of investment to cash flow with regard to the presence or absence of financial constraints on listed firms in the Tehran Stock Exchange. Thus, financial information of 100 listed firms in Tehran stock exchange investigates during 2007 to 2013. The number of data collected for this study was 700 years-company. In order to test hypotheses, multiple regression with the panel data approach, and software’s SPSS21 and Eviews7 has been used. Our results’ study shows a positive and significant relationship between managerial optimism and investment cash flow sensitivity both for the full sample, and also between firms classified to firms with financial constraints and without financial constraints. Also findings indicate that the Investment cash flow sensitivity under managerial optimism stronger for constrained firms than unconstrained firms.

Therefore, the present study seeks to find an answer to the question that whether riba phenomenon have harmful effects economic or not? In this research, with deductive manner, the negative impact of riba on the volume of investment with the financial-accounting approach is studied; Such that, with the deductive approach, in the form of financial models, including; the Capital asset pricing model and optimal portfolio theory, economic hurmful effects of riba will be described. Then in the investment project assessment methods, such as net present value, discounted payback period and internal rate of return, the negative effects on the volume of investment will be explained. The results show that, the fixed interest rate (risk-free) as an alternative to riba, thereby reducing the volume of investments in the capital markets and the consequent increase in unemployment.

This research trying to study the effect of exchange rate on risk and return of Export Company with Arbitrage Pricing Model and panel data in 2008- 2012 duration. Because increasing international trade case to risk and return in Export Company goes up. Result show that there is positive relation between stock return, exchange rate and its differences.

In this article, we review the history securitization offered in developed countries, the principles of Islamic securitization and pointed out the differences with conventional securitization. Then, given that the primary means of securitization of assets in Islamic countries, different types of sukuk, while the introduction of this tool, the latest statistics broken down by country and type of the issuing sukuk listed on the national and international levels. Summing up the results of applied research in the field of securitization of assets in Iran and the Iranian experience with statistics publication of the issuing sukuk have been investigated and the Pathology market with debt problems of Securities on the Stock Exchange of Iran showed that the low depth, issuance of the long process of exchange, interest rate and currency risk of change.Challenges were identified with respect to the securities exchange market in Iran is essential for development.

Banking system in Iran has evolved through four phases, each of which having specific characteristics and differences that, depending on political situation of the country, make them distinct. Obviously, a century after establishment of the first Iranian bank, banking practice in the country faces many weaknesses. So, it seems that KPMS in banking system according to human resource approach will help improve weaknesses and would be useful.In this study, using a quantitative questionnaire, required resources to improve banking efforts in Iran has been explored. Results show that human, financial and organizational resources are the most important resources needed to help enhance banking weaknesses.