خلاصه ماشینی:
1006833 Received: March 13, 2019; Accepted: September 01, 2019 © Faculty of Management, University of Tehran What Factors Influence the Differential Behavior of Value and Growth Firms?
1006845 Received: March 16, 2019; Accepted: June 18, 2019 © Faculty of Management, University of Tehran Developing Multifactor Asset Pricing Models Using Firm's Life Cycle Mehdi Mirzaie Ph. D.
For this purpose, the accounting and market data from companies listed in Tehran stock exchange and Iran Fara Bourse between the years 2004 and 2018 and the variety of test assets based on different firm's characteristics were used Results: The results show that augmented multifactor pricing models have a better performance compared to corresponding multifactor pricing models in explaining stock returns and outperformance is more evident when test assets are formed using firm's life cycle compared to test assets formed without the firm's life cycle.
1006850 Received: April 27, 2019; Accepted: November 20, 2019 © Faculty of Management, University of Tehran An Analysis of Return States in Iran Stock Market: Hidden Semi Markov Model Approach Maysam Rafei Assistant Prof.
com Abstract Objective: Analyzing the behavior of Tehran Stock Market, based on the daily asset return for the duration between 1387 and 1397 has been the main aim of this research.
1006859 Received: April 20, 2019; Accepted: September 06, 2019 © Faculty of Management, University of Tehran The Effect of Left Tail Risk on Expected Excess Returns and Its Consequences on the Persistence of Left Tail Returns Mahshid Shahrzadi Ph. D.
1006873 Received: May 25, 2019; Accepted: October 23, 2019 © Faculty of Management, University of Tehran The Impact of Financial Inflexibility on Value Anomaly Mohammadreza Mehrabanpour *Corresponding author, Assistant Prof.