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کاربرد نوع شرط:
- جایگاه : پژوهشی
- مجله: Iranian Journal of Finance
- نوع مقاله: Journal Article
- کلمات کلیدی: Insurance linked securities,insurance risk securitization,catastrophe bond,insurance Sukuk,catastrophe risk
- چکیده:
- چکیده انگلیسی: Iran allocated 6% of the world's natural disaster fatality, while the country only has one percent of the world's population. More than 40 natural disasters have been recognized globally. According to the evaluations carried out in Iran, at least 31 natural disasters have occurred locally. Domestic insurance capacity does not cover this volume of risk and the need for external reinsurance capacity is always felt. Catastrophe bonds structure as a financial innovative solution allows an issuing institution to transfer catastrophic exposures and risk to capital market’s investors by creating capital relief and additional risk capacity for Iran’s insurance industry. We adjusted formal cat bonds structure with the Islamic jurisprudence, as well as domestic regulations consideration. According to the research and interviews conducted and using thematic analysis research method, we finally suggested that the catastrophe bond instrument in Iran could be issued in the form of "insurance Sukuk" contract template, as a solution for transferring catastrophic risks to the Iranian capital market. Since this proposed structure have many aspects, the comprehensive implementation of it depends on cooperation between money market, capital market and insurance industry.
- انتشار مقاله: 11-10-1348
- نویسندگان: Fereydon Rahnamay Roodposhti,Gholamreza Zomorodian,Hosaine Hasangholipoure
- مشاهده
- جایگاه : پژوهشی
- مجله: International Journal of Finance and Managerial Accounting
- نوع مقاله: Journal Article
- کلمات کلیدی: structural equation modeling,Financial Markets,Delphi method,Financial Regulation,financial supervision
- چکیده:
- چکیده انگلیسی: This study presents a model for supervision and regulation of financial markets in Iran based on structural equation modeling and adaptive approach. In the present study, Delphi method and structural equation modeling are used to investigate the questions. Twelve experts have been interviewed for qualitative part of research to obtain sufficient information. Results from analysis of the interviews are presented in the framework of a conceptual model that is tested and validated by quantitative methods. In the quantitative research section, at the micro level of the research, a survey strategy is applied as well as a questionnaire tool to obtain required information (using literature review, research background and interview results). Statistical population at this stage are experienced financial market experts from money market, capital market and insurance market. Considering the population in this section, the sampling process is done randomly and by the available random sampling method. For the purpose of sampling, according to the statistical population of the research (75 people) which is considered small, complete enumeration approach is used. Finally, the research models were tested by structural equation method based on each research variable. The final model fitting for factors affecting the regulation of financial markets is tested based on the following variables and is fitted significantly.
- انتشار مقاله: 24-06-1398
- نویسندگان: Ehsan Askari Firouzjaei,Fereydon Rahnamay Roodposhti,Hashem Nikoumaram
- مشاهده
- جایگاه : پژوهشی
- مجله: International Journal of Finance and Managerial Accounting
- نوع مقاله: Journal Article
- کلمات کلیدی: Joint quantum potential,Price return,P/E ratio,Bohmian quantum mechanics
- چکیده:
- چکیده انگلیسی: Price return and P/E are two important factors for a lot of investors based on the latest studies by researchers in Tehran Stock market; however, it is expected that the price and the variation of that affect the return and the P/E of any given market as a complicated system. The Bohmian quantum mechanics used referring to the time correlation of return and P/E of the stock market under consideration. In this study, we extend the quantum potential concept to determine the behavior of P/E and also price return. The obtained results show that the quantum potential behaves in the same manner for P/E and price return, also confines the variations of the P/E and price return into a specific domain. Furthermore, a joint quantum potential as a function of return and P/E is derived by the probability distribution function (PDF) constructed by the real data of a given market. It serves as a suitable instrument to investigate the relationship between these variables. The resultant PDF and the corresponding joint quantum potential illustrate that where we have light points in joint quantum potential chart, the probability of those amount of P/E and price return are more than other point.
- انتشار مقاله: 20-08-1398
- نویسندگان: Neda Allahyaribeik,Hashem Nikoomaram,Sara Allahyaribeik,Fereydon Rahnamay Roodposhti
- مشاهده
- جایگاه : پژوهشی
- مجله: International Journal of Finance and Managerial Accounting
- نوع مقاله: Journal Article
- کلمات کلیدی: embezzlement,Whistleblowing,Accounting fraud,Account Manipulation,Demographic Variables
- چکیده:
- چکیده انگلیسی: Given the widespread and deep economic-social consequences of accounting fraud in micro and macro levels of society and the effectiveness of whistleblowing in their discovery and the effect of demographic characteristics on moral behavior as whistleblowing, this study aimed to examine the whistleblowing intentions for accounting fraud including account manipulation and embezzlement based on demographic individual differences, which are important factors in employment, role-playing and job promotion. The statistical population consisted of accounting staff in private and public sectors and the sample size with random distribution was 596. The data collection tools were questionnaire and exclusive scenarios for accounting fraud. The research method was comparative and correlational in nature. The results showed that at the level of 95% there was a significant difference in the whistleblowing intentions for two types of fraud in terms of gender, age and experience and there was no significant difference in terms of educational level.
- انتشار مقاله: 20-11-1397
- نویسندگان: Babak Nejad Toolami,Fereydon Rahnamay Roodposhti,Hashem Nikoomaram,Bahman Banimahd,Hamidreza Vakilifard
- مشاهده
- جایگاه : پژوهشی
- مجله: International Journal of Finance and Managerial Accounting
- نوع مقاله: Journal Article
- کلمات کلیدی: Speed of Price Adjustment,Excess Return,Over Reaction,Under Reaction
- چکیده:
- چکیده انگلیسی: In Recent Decades, The Financial Sphere has entered a New Era of Contempt for Some of the Assumptions of Modern Economics and Finance. One of These Assumptions is the Rationale of the Investors, which has been Seriously Challenged and Is Now Being Strengthened by the Fact That Prices are Determined more by Attitudes and Psychological Factors than for Fundamental Variables and Therefore the Study of Market Psychology has Become More Important.
The Purpose of This Research is to assess the Reaction of Investors to Price Changes by Measuring the Speed of Price Adjustment Compared to the General Information in Tehran Stock Exchange and a Model for Yielding Additional Returns in Futures. The five-year Research Period is from 2011 to 2016. The Statistical Population of the Study is the Companies listed in Tehran Stock Exchange and the Results Show that the Rate of Adjustment of Prices is Different from Each other Based on Specific Company Variables, and the Difference in the Rate of Price Adjustment can Cause Make Extra Returns.- انتشار مقاله: 18-04-1397
- نویسندگان: Mostafa Bakhtiari,Hashem Nikoomaram,Fereydon Rahnamay Roodposhti,Taghi Torabi
- مشاهده
- جایگاه : پژوهشی
- مجله: International Journal of Finance and Managerial Accounting
- نوع مقاله: Journal Article
- کلمات کلیدی: Enterprise Risk Management,Reputation Risk,Iranian Capital Market
- چکیده:
- چکیده انگلیسی: Reputation risk as one of the most important risks in any competitive industry and market should be considered before all the risks of the enterprise which also affects other risks. This research aims to review and manage reputation risk in the framework of enterprise risk management. Considering the importance of the subject and lack of available studies in this field, the innovation of present research is in its general and partial format. The statistical society of this research has been an active financial institution in the Iranian capital market. Hence, three general criteria including financial metrics, customer metrics and staff metrics were used to measure and analyze the reputation risk. The research period has been from 2011 to 2016. Required data was collected from financial statements by Codal Website in order to analyze information. Obtained data was analyzed using Microsoft Excel. Results showed that reputation risk is at a low level for the financial institution under study. Some indicators, however represented higher levels of reputation risk. Finally, some suggestions were presented for better management of reputation and also mitigation of related risks
- انتشار مقاله: 15-11-1396
- نویسندگان: Fereydon Rahnamay Roodposhti,Ehsan Askari Firoozjaei,Mojtaba Rostami Noroozabad
- مشاهده
- جایگاه : پژوهشی
- مجله: International Journal of Finance and Managerial Accounting
- نوع مقاله: Journal Article
- کلمات کلیدی: influence,Management Accounting,trust,Relevance,global principles,Value
- چکیده:
- چکیده انگلیسی: The aim of this study was to investigate accounting principles of integrated management using a critical approach. To this end, in this study, we used four principles of relevance, influence, value, and trust as the global management accounting principles. The research questions and hypotheses were developed based on the critical thinking that management accounting is not currently convincing both in theory and practice. This study is considered a survey research as it used questionnaires to collect experimental data for testing the research hypotheses. The results of statistical tests performed in this study indicated that the respondents had positive attitudes toward the four afore-mentioned principles and this they can be considered as global management accounting principles.
- انتشار مقاله: 21-09-1396
- نویسندگان: Mona Abednazari,Fereydon Rahnamay Roodposhti,Hashem Nikoumaram,Zahra Pourzamani
- مشاهده