Cultural factors and risk-taking power of investment companies in Iran's stock exchange

Q: How can I download an article?

To download an article from SID, first log in to the site, search for the article title, and click on the 'Download Article' option.

Q: How can I download an ISI article?

To download an ISI article on SID, enter the keyword or article title in the search bar, view the relevant results, click on the desired article, and select the 'Download Article' option.

Q: How can I access the SID database?

To access the SID database, visit SID.ir, create an account, and log in to access scientific resources.

Q: Is downloading articles from SID free?

Some articles on SID are available for free, while others require payment. Details are specified on the article's page.

MOTAFAKER AZAD MOHAMAD ALI; ASGHARPOUR HOSEIN; Amini Khouzani mohsen

مرکز اطلاعات علمی Scientific Information Database (SID) - Trusted Source for Research and Academic Resources

Journal Paper

Paper Information

Journal: INVESTMENT KNOWLEDGE Year:2019 | Volume:8 | Issue:30 Page(s): 153-171

Download Full-Text

Persian Verion

View:

417

Download:

Cites:

Information Journal Paper

Title

Cultural factors and risk-taking power of investment companies in Iran's stock exchange

Author(s)

MOTAFAKER AZAD MOHAMAD ALI | ASGHARPOUR HOSEIN | Amini Khouzani mohsen | Issue Writer Certificate

Keywords

risk aversionQ1

cultural factorsQ1

Companies active in the stock marketQ1

Iran's Stock ExchangeQ1

Abstract

This study aimed to investigate the influence of cultural factors on the risk power of companies in Iran's Stock Exchange. The companies surveyed included 178 companies selected by sampling method based on the specified criteria. To estimate the impact of cultural factors on the risk of active companies in the Iranian stock exchange and to analyze the relationships between the variables presented in the model with the use of panel data extracted from the financial statements in the stock exchange and other reports published by both statistical and religious institutions and Cultural was used. In this study, the panel method was used and before that Chow and Housman tests were used to determine the type of test. The results of the study on the effect of cultural factors on the riskiness of the companies active in the stock exchange showed that cultural factors have a significant effect on the standard deviation of the company's returns, the standard deviation of the firm's return on assets and the costs of research and development of the company, and This relationship is negative for all of the three risk aversion factors. In sum, it can be concluded that the promotion of cultural factors in the society influences all three indexes related to the risk appetite of companies in the stock market and thus reduces the risk aversion of these companies.

Cites

No record.

References

No record.

Cite

APA: Copy

MOTAFAKER AZAD, MOHAMAD ALI, ASGHARPOUR, HOSEIN, & Amini Khouzani, mohsen. (2019). Cultural factors and risk-taking power of investment companies in Iran's stock exchange. INVESTMENT KNOWLEDGE, 8(30 ), 153-171. SID. https://sid.ir/paper/408486/en

Vancouver: Copy

MOTAFAKER AZAD MOHAMAD ALI, ASGHARPOUR HOSEIN, Amini Khouzani mohsen. Cultural factors and risk-taking power of investment companies in Iran's stock exchange. INVESTMENT KNOWLEDGE[Internet]. 2019;8(30 ):153-171. Available from: https://sid.ir/paper/408486/en

IEEE: Copy

MOHAMAD ALI MOTAFAKER AZAD, HOSEIN ASGHARPOUR, and mohsen Amini Khouzani, “Cultural factors and risk-taking power of investment companies in Iran's stock exchange,” INVESTMENT KNOWLEDGE, vol. 8, no. 30 , pp. 153–171, 2019, [Online]. Available: https://sid.ir/paper/408486/en

Related Journal Papers