the history of legislations and statutory law securities markets in iran represents a scattered and haphazard adoption for other jurisdictions without a proper attention to the theoretical foundations of foreign laws. this has led to incompetent and alien laws to the indigenous conditions. as such a theoretical investigation of the foundations and policies behind such laws is inevitable. as far...

The existence of an active and prosperous capital market is always recognized as one of the signs of international development in the countries. The most important issue faced by investors in these markets is the decision to choose the appropriate securities for investment and formation of optimal portfolio. The rating of companies accepted in stock exchange is a complete mirror of their status...

This paper examines the impact of political connections (i.e., lobbying and contributions) on time it takes to detect corporate misconduct size penalties following securities class actions (SCAs), restatements Accounting Auditing Enforcement Releases (AAERs). We find firms with exhibit longer periods for SCAs, such ability conceal translates into a larger settlement size. In addition, we politi...

The goal of this chapter is to examine whether the time series of returns of securities listed on Taiwan’s stock exchange exhibit significant nonlinear serial dependencies, as do those of other stock exchanges throughout the world, and, if so, to examine the pervasiveness of such dependencies across the individual stocks trading on the Taiwan Stock Exchange. First, an examination of the charact...

The Moving Average (MA) crossover technique is one of the popular technical analysis tools used by investors in financial markets. The technique depends on identifying the lengths of short and long time periods, type of MA model and type of price data on which the analysis is to be based. Unfortunately, most users base their selection of these parameters on recommendations which could be not su...

When homogeneous or closely-linked securities trade in multiple markets, it is often of interest to determine where price discovery (the incorporation of new information) occurs. This article suggests an econometric approach based on an implicit unobservable efficient price common to all markets. The information share associated with a particular market is defined as the proportional contributi...