This study examines the significant impact of exchange rate shock on prices of Malaysian importsand exports. In methodology, the study adopts vector error correction (VECM) model using monthlydata of nominal exchange rates, money supply, prices of imports and prices of exports covering theperiod of M1:1999 to M12:2006. For further analysis, we adopt an innovation accounting bysimulating varianc...

stock selection method in stock exchange is an important issue for investors in such markets. investors will gain benefits more than market average provided that they make logical decisions while selecting stocks. the issue of stock selection in markets like tehran stock exchange (that are not so efficient) is requires more attention of the investors as there is not a suitable equilibrium betwe...

this study predicts corporate bankruptcy five years before its occurrence using financial ratios introduced in altman’s z-score model and current ratio. three estimation methods namely; liner probability, logit and probit models have chosen for model estimation. the sample contains 134 companies in tehran stock exchange during 2003. the precision of prediction of the estimated models for the ma...

this paper studies the relationship between return and the bid-ask spread in tehran stock exchange. the research has been done according to amihud and mendelson’s model (1986). it should be mentioned that portfolio beta and size are added as explanatory variables into the model. the study period is from day 1382 to tir 1389. based on the pooling of cross section and time series data used to est...

capital asset pricing, as one of the basic theories in finance and investment area, develop a model for estimation of expected rate of return and equity cost of capital. this model has many applications in the field of finance. one of anomalies in the capital asset pricing model is the value premium that its proponents believe this risk premium is compensation for a risk not mentioned in origin...

We present a simple model that allows hysteresis loops with exchange bias to be reproduced. The model is a modification of the T50 random-field Ising model driven by an external field and with synchronous local relaxation dynamics. The main novelty of the model is that a certain fraction f of the exchange constants between neighboring spins is enhanced to a very large value JE . The model allow...

the purpose of this study is presenting a model forecasting financial crisis in tehran stock exchange listed companies. to do this, productive firms that had been accepted in tehran stock exchange between 2002 and 2009, were selected as the study sample. first the independent variables were obtained based on financial ratios and then based on article 141 of the law of commerce, the insolvent an...