<?xml version="1.0" encoding="utf-8"?>
<ags:resources xmlns:ags="http://purl.org/agmes/1.1/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:agls="http://www.naa.gov.au/recordkeeping/gov_online/agls/1.2" xmlns:dcterms="http://purl.org/dc/terms/">
<ags:resource>
					<dc:title><![CDATA[The Application of Non-inferior Set Estimation (NISE) Method in Optimum Portfolio Selection 
(Case Study: Tehran Security Exchange)]]></dc:title>
					<dc:creator>
					<ags:creatorPersonal><![CDATA[Azar, Adel]]></ags:creatorPersonal>
<ags:creatorPersonal><![CDATA[Ramooz, Najmeh]]></ags:creatorPersonal>
<ags:creatorPersonal><![CDATA[Atefatdoost, Ali Reza]]></ags:creatorPersonal>

			</dc:creator>
			<dc:publisher>
				<ags:publisherName><![CDATA[University of Tehran]]></ags:publisherName>
			</dc:publisher>
			<dc:date><dcterms:dateIssued><![CDATA[2013]]></dcterms:dateIssued></dc:date>
				<dc:subject><![CDATA[Mean –variance Efficient Frontier]]></dc:subject>
				<dc:subject><![CDATA[Optimum Portfolio]]></dc:subject>
				<dc:subject><![CDATA[Non Inferior Set Estimation Method]]></dc:subject>
			<dc:description>
				<ags:descriptionNotes><![CDATA[Includes references]]></ags:descriptionNotes>
				<dcterms:abstract><![CDATA[In most of the multi-criteria decision making problems, it is important to have necessary information about relative importance of each criteria. In this group of problems, weights measure the relative importance of preferences of each criteria in comparison with the other decision making criteria. In this research, the NISE method has been used for mapping Mean-Variance efficient frontier. NISE is a technique for creating sets of non-inferior points. In this technique, preferential information about relative value of each objective is not applicable. This ability is the main advantage of this technique, which in this research has been used for selecting optimum portfolio for investors.]]></dcterms:abstract>
			</dc:description>
            <dc:identifier scheme="dcterms:URI"><![CDATA[https://jfr.ut.ac.ir/article_50614_f9bd534b287bd1e035384a1f3df47083.pdf]]></dc:identifier>
			<dc:identifier scheme="ags:DOI"><![CDATA[10.22059/jfr.2013.50614]]></dc:identifier>
			<dc:type><![CDATA[Journal Article]]></dc:type>
			<dc:format><dcterms:medium><![CDATA[text]]></dcterms:medium></dc:format>
			<dc:language><![CDATA[English]]></dc:language>
			<dc:source><![CDATA[https://jfr.ut.ac.ir/]]></dc:source>
			<dc:source><![CDATA[Financial Research Journal]]></dc:source>
		</ags:resource>
<ags:resource>
					<dc:title><![CDATA[The Relationship between Dividend Policy and Trading Volume in Tehran Stock Exchange]]></dc:title>
					<dc:creator>
					<ags:creatorPersonal><![CDATA[Pourebrahimi, Mohammad Reza]]></ags:creatorPersonal>
<ags:creatorPersonal><![CDATA[Seyed-Khosroshahi, Seyed Ali]]></ags:creatorPersonal>

			</dc:creator>
			<dc:publisher>
				<ags:publisherName><![CDATA[University of Tehran]]></ags:publisherName>
			</dc:publisher>
			<dc:date><dcterms:dateIssued><![CDATA[2013]]></dcterms:dateIssued></dc:date>
				<dc:subject><![CDATA[Dividend Percent]]></dc:subject>
				<dc:subject><![CDATA[Trading volume]]></dc:subject>
				<dc:subject><![CDATA[Free Float Stock]]></dc:subject>
				<dc:subject><![CDATA[Firm Characteristics]]></dc:subject>
			<dc:description>
				<ags:descriptionNotes><![CDATA[Includes references]]></ags:descriptionNotes>
				<dcterms:abstract><![CDATA[Dividend payout decision making and amount of it is an important issue in the corporate finance, because in this decision making the amount of money which should be paid to the investors and should be retained for investment will be determined. In a market with no trading friction, rational investors with liquidity needs can choose between dividend and selling stocks at no cost. In this article the relationship between trading volume considering free float as liquidity criterion with the amount of dividend payout is investigated and the firm characteristics such as size, profitability and growth opportunities are controlled. The result of the linear regression model shows that the investors in Tehran Stock Exchange (TSE) do not consider stock turnover rate as a variable which explains the amount of dividend. Also, the relationship between size and growth opportunities with dividend has not been confirmed; but profitability has a positive significant relationship with dividend. In other hand, investors in TSE use the profitability as a criterion for determining the dividend.  ]]></dcterms:abstract>
			</dc:description>
            <dc:identifier scheme="dcterms:URI"><![CDATA[https://jfr.ut.ac.ir/article_50626_3abc2e1dec860848efa24a058fef4cb4.pdf]]></dc:identifier>
			<dc:identifier scheme="ags:DOI"><![CDATA[10.22059/jfr.2013.50626]]></dc:identifier>
			<dc:type><![CDATA[Journal Article]]></dc:type>
			<dc:format><dcterms:medium><![CDATA[text]]></dcterms:medium></dc:format>
			<dc:language><![CDATA[English]]></dc:language>
			<dc:source><![CDATA[https://jfr.ut.ac.ir/]]></dc:source>
			<dc:source><![CDATA[Financial Research Journal]]></dc:source>
		</ags:resource>
<ags:resource>
					<dc:title><![CDATA[Financing Anomalies and Investing Anomalies in Tehran Stock Exchange]]></dc:title>
					<dc:creator>
					<ags:creatorPersonal><![CDATA[Khani, Khani]]></ags:creatorPersonal>

			</dc:creator>
			<dc:publisher>
				<ags:publisherName><![CDATA[University of Tehran]]></ags:publisherName>
			</dc:publisher>
			<dc:date><dcterms:dateIssued><![CDATA[2013]]></dcterms:dateIssued></dc:date>
				<dc:subject><![CDATA[External Finance anomalies]]></dc:subject>
				<dc:subject><![CDATA[Investment anomalies]]></dc:subject>
				<dc:subject><![CDATA[Stock Returns]]></dc:subject>
				<dc:subject><![CDATA[Tehran Stock Exchange]]></dc:subject>
			<dc:description>
				<ags:descriptionNotes><![CDATA[Includes references]]></ags:descriptionNotes>
				<dcterms:abstract><![CDATA[Theories and the existing studies predict different the relationship between external financing and investing activities and the stock returns. But almost of them predict that there is negative relationship separately between financing and investing activities with stock returns. This study examined the assumption that there is a significantly negative relationship between external financing activities and investment with the returns. The data of this study is derivate from the 74 companies listed on the Tehran Stock Exchange (TSE) during the period 1383-1389. Findings indicate that the relationship between the financing and investment with the returns is negative. The effect of the financing on the relationship between investment and the adjusted stock returns and the effect of the investment on the relationship between the financing and the adjusted stock returns is impressive]]></dcterms:abstract>
			</dc:description>
            <dc:identifier scheme="dcterms:URI"><![CDATA[https://jfr.ut.ac.ir/article_50628_db55345124f3ca465b824862f05b94d4.pdf]]></dc:identifier>
			<dc:identifier scheme="ags:DOI"><![CDATA[10.22059/jfr.2013.50628]]></dc:identifier>
			<dc:type><![CDATA[Journal Article]]></dc:type>
			<dc:format><dcterms:medium><![CDATA[text]]></dcterms:medium></dc:format>
			<dc:language><![CDATA[English]]></dc:language>
			<dc:source><![CDATA[https://jfr.ut.ac.ir/]]></dc:source>
			<dc:source><![CDATA[Financial Research Journal]]></dc:source>
		</ags:resource>
<ags:resource>
					<dc:title><![CDATA[Financial Risk Assessment Model for LNG Projects, Case Study: Iran LNG Project]]></dc:title>
					<dc:creator>
					<ags:creatorPersonal><![CDATA[Raei, Reza]]></ags:creatorPersonal>
<ags:creatorPersonal><![CDATA[Fallahpour, Saeid]]></ags:creatorPersonal>
<ags:creatorPersonal><![CDATA[Amery Matin, Homa]]></ags:creatorPersonal>

			</dc:creator>
			<dc:publisher>
				<ags:publisherName><![CDATA[University of Tehran]]></ags:publisherName>
			</dc:publisher>
			<dc:date><dcterms:dateIssued><![CDATA[2013]]></dcterms:dateIssued></dc:date>
			<dc:description>
				<ags:descriptionNotes><![CDATA[Includes references]]></ags:descriptionNotes>
				<dcterms:abstract><![CDATA[In this study, in order to consider the effects of cash flow fluctuations on project profitability, the new risk kind indicators are proposed to assess projects risk. Firstly, Project cash flow calculates on the basis of cost and revenue data in an LNG project. Then distribution curves of two variables, oil price and interest rate of foreign loans, are utilized to determine distribution curve of net present value of cash flow in project life time through Monte Carlo simulation method. Based on this result distribution curve of profitability index and two risk indices, value at risk and expected shortfall, are estimated. The risk assessment results show that profit volatility in LNG projects greatly affected by dependence on feed gas price and factory revenue with oil price. Financial risk assessment of Iran LNG project, as the case study of this research, shows the deterministic price formula for calculating upstream gas is such that with rising oil prices and factory revenues, upstream gas prices to be raised proportionally. Despite the positive effect on reducing financial risk of the project, this relationship between revenues and costs has limited the range of shareholder profits, significantly.]]></dcterms:abstract>
			</dc:description>
            <dc:identifier scheme="dcterms:URI"><![CDATA[https://jfr.ut.ac.ir/article_51058_39cd48977dc0f0726d860fac2610185d.pdf]]></dc:identifier>
			<dc:identifier scheme="ags:DOI"><![CDATA[10.22059/jfr.2013.51058]]></dc:identifier>
			<dc:type><![CDATA[Journal Article]]></dc:type>
			<dc:format><dcterms:medium><![CDATA[text]]></dcterms:medium></dc:format>
			<dc:language><![CDATA[English]]></dc:language>
			<dc:source><![CDATA[https://jfr.ut.ac.ir/]]></dc:source>
			<dc:source><![CDATA[Financial Research Journal]]></dc:source>
		</ags:resource>
<ags:resource>
					<dc:title><![CDATA[Empirical Relation between Risk, Return and Liquidity with Free Float in TSE Listed Companies]]></dc:title>
					<dc:creator>
					<ags:creatorPersonal><![CDATA[Saeedi, Ali]]></ags:creatorPersonal>
<ags:creatorPersonal><![CDATA[Afkhami, Adel]]></ags:creatorPersonal>

			</dc:creator>
			<dc:publisher>
				<ags:publisherName><![CDATA[University of Tehran]]></ags:publisherName>
			</dc:publisher>
			<dc:date><dcterms:dateIssued><![CDATA[2013]]></dcterms:dateIssued></dc:date>
			<dc:description>
				<ags:descriptionNotes><![CDATA[Includes references]]></ags:descriptionNotes>
				<dcterms:abstract><![CDATA[Based on current expectations, when the free float is more, more deals done and consequently the share price volatility will also increase. Shareholders expect more profits from stocks which have more free floats. This paper examines the kind of relationship between free float and liquidity, risks and returns and the degree of influence of these variables in the percentage of free float. We consider seasonal intervals from 1383 to 1387 to examine the relationships among the data of 111 companies. Based on the results of conventional regression and generalized regression, there is no significant relationship between the percentage of free float and return and also between free and risk. However, the percentage of free float and liquidity rating was affirmed with significant relation. Based on the results of the generalized inverse regression, the relationship between free float and risk was significant and other results remained unchanged.  ]]></dcterms:abstract>
			</dc:description>
            <dc:identifier scheme="dcterms:URI"><![CDATA[https://jfr.ut.ac.ir/article_51059_e7abd02537fc8e7a88ed88e8053dd2c6.pdf]]></dc:identifier>
			<dc:identifier scheme="ags:DOI"><![CDATA[10.22059/jfr.2013.51059]]></dc:identifier>
			<dc:type><![CDATA[Journal Article]]></dc:type>
			<dc:format><dcterms:medium><![CDATA[text]]></dcterms:medium></dc:format>
			<dc:language><![CDATA[English]]></dc:language>
			<dc:source><![CDATA[https://jfr.ut.ac.ir/]]></dc:source>
			<dc:source><![CDATA[Financial Research Journal]]></dc:source>
		</ags:resource>
<ags:resource>
					<dc:title><![CDATA[A study of the Effect of Acquisition Premium on Acquirer Returns in Tehran Stock Exchange]]></dc:title>
					<dc:creator>
					<ags:creatorPersonal><![CDATA[Arefi, Asghar]]></ags:creatorPersonal>

			</dc:creator>
			<dc:publisher>
				<ags:publisherName><![CDATA[University of Tehran]]></ags:publisherName>
			</dc:publisher>
			<dc:date><dcterms:dateIssued><![CDATA[2013]]></dcterms:dateIssued></dc:date>
			<dc:description>
				<ags:descriptionNotes><![CDATA[Includes references]]></ags:descriptionNotes>
				<dcterms:abstract><![CDATA[This research presents a study concerning the relationship between acquisition premium and acquirer returns in acquisition transactions to examine whether the acquirers have been able to earn back the paid premiums through post-acquisition returns after the acquisition. This study is based on data gathered through acquisitions during the period between 2001 and 2006in Tehran Stock Exchange (TSE).One-sample t-test is used to examine the target firm’s yearly stock returns in the three years following the acquisition to find out if post-acquisition stock returns compensate the paid premiums in the acquisitions. Target firms are ranked by acquisition premium and partitioned into three portfolios: low, medium and high premium portfolios. The results show that in the high premium portfolio, the stock returns compensate the premiums in the third year after the acquisition. However, for the low and medium premium portfolios, they compensate only the first year after the acquisition. Also adjusted stock returns could compensate for the premiums in the low, medium and high premium portfolios respectively in the first, second and third years.]]></dcterms:abstract>
			</dc:description>
            <dc:identifier scheme="dcterms:URI"><![CDATA[https://jfr.ut.ac.ir/article_51060_6c845b2f90330e20631344b7a7a705fb.pdf]]></dc:identifier>
			<dc:identifier scheme="ags:DOI"><![CDATA[10.22059/jfr.2013.51060]]></dc:identifier>
			<dc:type><![CDATA[Journal Article]]></dc:type>
			<dc:format><dcterms:medium><![CDATA[text]]></dcterms:medium></dc:format>
			<dc:language><![CDATA[English]]></dc:language>
			<dc:source><![CDATA[https://jfr.ut.ac.ir/]]></dc:source>
			<dc:source><![CDATA[Financial Research Journal]]></dc:source>
		</ags:resource>
<ags:resource>
					<dc:title><![CDATA[An Evaluation of Testing Procedures for Event Study]]></dc:title>
					<dc:creator>
					<ags:creatorPersonal><![CDATA[Ghaemi, Mohammad hosein]]></ags:creatorPersonal>
<ags:creatorPersonal><![CDATA[Masoumi, javad]]></ags:creatorPersonal>
<ags:creatorPersonal><![CDATA[Rostami, Ramin]]></ags:creatorPersonal>

			</dc:creator>
			<dc:publisher>
				<ags:publisherName><![CDATA[University of Tehran]]></ags:publisherName>
			</dc:publisher>
			<dc:date><dcterms:dateIssued><![CDATA[2013]]></dcterms:dateIssued></dc:date>
				<dc:subject><![CDATA[Event study]]></dc:subject>
				<dc:subject><![CDATA[Trading volume]]></dc:subject>
				<dc:subject><![CDATA[Abnormal Return]]></dc:subject>
				<dc:subject><![CDATA[Test Statistic]]></dc:subject>
				<dc:subject><![CDATA[simulation]]></dc:subject>
			<dc:description>
				<ags:descriptionNotes><![CDATA[Includes references]]></ags:descriptionNotes>
				<dcterms:abstract><![CDATA[This paper analyses efficiency of short horizon event study methodology in general and efficiency of various test statistics based on price and trading volume in the period (Iranian calendar) 1380:1389-q1 (2240 days) applying simulation method. We evaluate efficiency of 8 test statistics including parametric, non-parametric and induced variance statistics. We find various test statistics have enough power to detect abnormal return. One should not expect consistently detect abnormal returns of less than 1 percent.    ]]></dcterms:abstract>
			</dc:description>
            <dc:identifier scheme="dcterms:URI"><![CDATA[https://jfr.ut.ac.ir/article_51061_a38d8e7d410dc004ca1e2ae46c39ae0a.pdf]]></dc:identifier>
			<dc:identifier scheme="ags:DOI"><![CDATA[10.22059/jfr.2013.51061]]></dc:identifier>
			<dc:type><![CDATA[Journal Article]]></dc:type>
			<dc:format><dcterms:medium><![CDATA[text]]></dcterms:medium></dc:format>
			<dc:language><![CDATA[English]]></dc:language>
			<dc:source><![CDATA[https://jfr.ut.ac.ir/]]></dc:source>
			<dc:source><![CDATA[Financial Research Journal]]></dc:source>
		</ags:resource>
<ags:resource>
					<dc:title><![CDATA[Portfolio Optimization in terms of Justifiability Short Selling and Some Market Practical Constraints]]></dc:title>
					<dc:creator>
					<ags:creatorPersonal><![CDATA[Ghasemi, Hamid reza]]></ags:creatorPersonal>
<ags:creatorPersonal><![CDATA[Najafi, Amir Abbas]]></ags:creatorPersonal>

			</dc:creator>
			<dc:publisher>
				<ags:publisherName><![CDATA[University of Tehran]]></ags:publisherName>
			</dc:publisher>
			<dc:date><dcterms:dateIssued><![CDATA[2013]]></dcterms:dateIssued></dc:date>
				<dc:subject><![CDATA[Portfolio optimization]]></dc:subject>
				<dc:subject><![CDATA[Mean-variance model]]></dc:subject>
				<dc:subject><![CDATA[Short-selling]]></dc:subject>
				<dc:subject><![CDATA[efficient frontier]]></dc:subject>
				<dc:subject><![CDATA[Quadratic Programming]]></dc:subject>
			<dc:description>
				<ags:descriptionNotes><![CDATA[Includes references]]></ags:descriptionNotes>
				<dcterms:abstract><![CDATA[Short-selling prohibition has been one of the primary assumptions of Markowitz mean-variance model. Solving Markowitz quadratic model creates investment efficient frontier by considering only two return and budget constraints. In order to develop a more realistic portfolio selection model, in this paper, a new mathematical model is developed to allow short-selling under some practical constraints. Non-linear model offered is maped by using solved standard tools and constrained efficient frontier with using from 15 shares price information.  ]]></dcterms:abstract>
			</dc:description>
            <dc:identifier scheme="dcterms:URI"><![CDATA[https://jfr.ut.ac.ir/article_51062_64f021d97fa50c7090643ae2659df23e.pdf]]></dc:identifier>
			<dc:identifier scheme="ags:DOI"><![CDATA[10.22059/jfr.2013.51062]]></dc:identifier>
			<dc:type><![CDATA[Journal Article]]></dc:type>
			<dc:format><dcterms:medium><![CDATA[text]]></dcterms:medium></dc:format>
			<dc:language><![CDATA[English]]></dc:language>
			<dc:source><![CDATA[https://jfr.ut.ac.ir/]]></dc:source>
			<dc:source><![CDATA[Financial Research Journal]]></dc:source>
		</ags:resource>

</ags:resources>