the present research aims to evaluate impacts of crude oil price return index, bloomberg petroleum index and bloomberg energy index on stock market returns of 121 companies listed in tehran stock exchange in a 10 years' period from early 2006 to april 2016. first, explanatory variables were aligned with petroleum products index mostly due to application of dollar data. subsequently, to che...

The global financial and economic shocks which were triggered by the Coronavirus pandemic prompted a market halt causing major spark in Nairobi Securities exchange that resulted panic selling. Corona virus led to volatility of rates sharp depreciation shilling further affected performance securities market. study investigated effect rate fluctuations on for 5 months period year 2020. Daily time...

Portfolio theory assumes that investors accept risk. This means thatin the equal rate of return on the two assets, the assets were chosenthat have a lower risk level. Modern portfolio theory is accepted byinvestors who believe that they are not cope with the market. Sothey keep many different types of securities in order to access theoptimum efficiency rate that is close to the rate of return o...

Production planning includes complex topics of production and operation management that according to expansion of decision-making methods, have been considerably developed. Nowadays, Managers use innovative approaches to solving problems of production planning. Given that the production plan is a type of prediction, models should be such that the slightest deviation from their reality. In this ...

This paper examines the issue of fraud on the Internet and discusses three areas with significant potential for misleading and fraudulent practices, namely: securities sales and trading; electronic commerce; and the rapid growth of Internet companies. The first section of the paper discusses securities fraud on the Internet. Activities that violate US securities laws are being conducted through...

In order to be considered secure, a payment system needs to address a number of security issues. Besides fundamental security requirements, like confidentiality, data integrity, authentication and non-repudiation, another important requirement for a secure payment system is fair exchange. Many existing payment protocols require that customers must pay for products before their delivery (in the ...

modelling and forecasting stock market is a challenging task for economists and engineers since it has a dynamic structure and nonlinear characteristic. this nonlinearity affects the efficiency of the price characteristics. using an artificial neural network (ann) is a proper way to model this nonlinearity and it has been used successfully in one-step-ahead and multi-step-ahead prediction of di...

By disaggregating price indices, it becomes apparent that the real exchange rate consists of the real exchange rate for a single good and a weighted sum of relative prices between goods. When applying a battery of panel unit root tests to this sum and its components, it is found that both the sum and the relative prices are non-stationary. This implies that PPP is invalid even if the LOP holds ...

Information technology is transforming financial trading, lowering costs, and increasing market transparency. Yet, new electronic trading ventures often fail to attract sufficient activity levels, and close down. Optimark, Tradepoint, Jiway, and BondConnect did not develop sufficient trading volume to survive. In contrast, the International Securities Exchange (ISE), an allelectronic options tr...