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دکتر علی
جهانخانی
author
text
article
1995
per
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Financial Research Journal
University of Tehran
1024-8153
2
v.
7
no.
1995
https://jfr.ut.ac.ir/article_26069_03b72da36ce0947555b8786312573732.pdf
Does Capital Structure have an Impact on
Operating Performance and policies of the Firm?
Hussein Assadi
(Ph.D.)
author
text
article
1995
per
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Financial Research Journal
University of Tehran
1024-8153
2
v.
7
no.
1995
https://jfr.ut.ac.ir/article_31573_c68a7f79d884ade7f6fe85151291aa7a.pdf
The Pricing of Stocks of Privatized companies in the
Tehran Stock Exchange
دکتر قدرت ا...
طالبی
author
text
article
1995
per
The purpose of this paper was the analysis of share prices of
the firms offered in "TSE" under the privatization program, with
consideration of Theoretical and Scientific models, in order to
specify the extent of comparability of these prices with the
theoreticalones.
The criterion used for the assesment of the comparability of the
bas-price with the theoretical price is that; market price in creases
should be supported by the firm's profitability.
The research has been conducted en the basis of inductive
& deductive analysis, with a statistical sample of 40 firms, which
their stocks has been accepted and traded by the end of 1370.
The results indicate that the share initial pricing of the firms is
not based on the scientific grounds and has no compatibility with
further market events. The present pricing mechanism, from the
economic, social & accenting viewpoints, does not reflect accurate
valuation of the shares.
Financial Research Journal
University of Tehran
1024-8153
2
v.
7
no.
1995
https://jfr.ut.ac.ir/article_26070_1487ab92f7cf92cb42f12eda17f36e92.pdf
An Empirical Study of Industry Concentration
and Cyclicality of Cash Flows with Regard to
Leveraged Buyouts
Maryellen P. Epplin
(Ph.D.)
author
Hamid Puurjalali
(Ph.D.)
author
text
article
1995
per
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Financial Research Journal
University of Tehran
1024-8153
2
v.
7
no.
1995
https://jfr.ut.ac.ir/article_31574_9ac6ca80e3141b96e48de870ccee1d25.pdf
Do Managers and Stockholders Use the Appropreate Criterion to
Measure the Performance of the Company and It's Value
دکتر علی
جهانخانی
author
احمد ظریف
فرد
author
text
article
1995
per
The valuation of companies is often complicated by a failure to
understand how share prices are set. Many senior executive
believe that stock prices are set by some vague combination of
earnings, growth rates, returns, book values, cash flows, dividends
and trading volumes.
In this article two general models of valuation are introduced.
The firs t one is the accounting model which states that share
prices are determined by capitalizing a company earnings per
share (EPS) at an appropriate price / earnings muttiple (P/E).
The appeal of this accounting model is its simplicity. It's
shortcoming is an utter lack of realism
The second one is the economic model which states that share
prices are determined by smart investors who care about two
things: the cash to be generated over the life of a business and the
risk of the cash receipt.
The purpose of this article is to explain the deficiencies of the
accounting model and advantage of the economic model.
Financial Research Journal
University of Tehran
1024-8153
2
v.
7
no.
1995
https://jfr.ut.ac.ir/article_26071_63af20ec52c4cffd735b59b124b8e168.pdf
Asset Allocation Strategies
ناصر
صنوبر
author
text
article
1995
per
A number of theories about the hest method of allocating
assets have been developed over the years, Managers are
concernd about allocating scarce resources, mainly capital, in
most productive way. Managers want to ensure that the return
from the invested resources exceeds the cost of resources
Finanical theories and finanicial strategies try to facilitate
creating optimum value for investors in the companty, hut have
some conflicts with each other. Finanical theories suggest that
there is no need for stragtegic models becaucse efficient markets
allocate resources properly. As a result, investors do not benefit
from the actions of managers. On the other hand, managers can
point to the success of some cornpaines that have used strategic
allocation models that resulted higher value for securities.
In this paper, strategic asset allocation models was reviwed,
and then some conflicts between financial theory and financial
strategy was discussed.
Financial Research Journal
University of Tehran
1024-8153
2
v.
7
no.
1995
https://jfr.ut.ac.ir/article_26072_a1746fd6fef10d2dfef4190c1effc603.pdf
The Investigation of the Efficiency of
Iran's Stock Exchange
دکتر محمد
نمازی
author
زکیه
شوشتریان
author
text
article
1995
per
Financial Research Journal
University of Tehran
1024-8153
2
v.
7
no.
1995
https://jfr.ut.ac.ir/article_26073_550390e887b73605097f3213209957e4.pdf
The Effect of Cash Dividends on Stock Prices
دکتر علی
جهانخانی
author
مرتضی
اسدی
author
text
article
1995
per
The purpose of this study is to measure how much the stock
prices decline ofter ex-dividend date in Tehran Stock Exchange.
Another parpose of the study is to investigate whether the
marginal tax rates of stock holders have any effect on the dividend
policy of the companies listed in Tehran Stock Exchange.
The results showed that the decline in stock price was less than
the amount of dividend per share. The results also showed that
tax rates of stockholders have no effect on amount of dividends
declared by the companies.
Financial Research Journal
University of Tehran
1024-8153
2
v.
7
no.
1995
https://jfr.ut.ac.ir/article_26074_4cb33dabb806687af4cd1019f1b00e84.pdf
Review of Research Works Done in Finance (4)
محمد
صادقی
author
text
article
1995
per
In this section of the Journal, a summary of theses Completed
at the M.B.A Level is presented. The title of these are:
1- The effect of financing methods on the stock price on the
Tehran stock Exchange by MOHAMMAD RAHMANI
2- The effect of money supply on the Exchange rate in Iran By
MINUO KIANI -RED
3- An Investigation of the reasons for price volatility of stock
price an Tehran on the Stock Exchange By MEHDI ZARANDI .
Financial Research Journal
University of Tehran
1024-8153
2
v.
7
no.
1995
https://jfr.ut.ac.ir/article_26075_937123e427e34208bd1d3c61baef71fa.pdf
A Clossary of Financial Terms in Farsi (6)
دکتر حسین عبده
تبریزی
author
پرویز
صداقت
author
text
article
1995
per
different from those in other countries it appears to be a difficult
task to find equivalent terminology in Farsi for financial terms
used in English and French. By the same token, direct translation
of the western financial jargons to Farsi results in
misunderstanding at best and confusion at worst. We have asked
DR.TABRIZI & MR.SADEGHI to
examine the translation problems and provide our readers with a
glossary of financial terms in English and their equivalents in Farsi
The sixth part of their work appears in this edition. We will
continue the efforts in our subsequent issues so that a complete
glossary of the Farsi financial terminology will be prepared in a
near future
Financial Research Journal
University of Tehran
1024-8153
2
v.
7
no.
1995
https://jfr.ut.ac.ir/article_26076_25079cb01e9f6fb769f7e7a5b44f46ad.pdf
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محمد
صادقی
author
text
article
1995
per
-
Financial Research Journal
University of Tehran
1024-8153
2
v.
7
no.
1995
https://jfr.ut.ac.ir/article_26077_da376b100f4607f0eeb669ee0c856a92.pdf