Volume 28 (2023)
Volume 27 (2022)
Volume 26 (2021)
Volume 25 (2020)
Volume 24 (2019)
Volume 23 (2018)
Volume 22 (2017)
Volume 21 (2016)
Volume 20 (2015)
Volume 19 (2014)
Volume 18 (2013)
Volume 17 (2012)
Volume 16 (2011)
Volume 15 (2010)
Volume 14 (2010)
Volume 13 (2009)
Volume 12 (2008)
Volume 11 (2008)
Volume 10 (2008)
Volume 9 (2007)
Volume 8 (2006)
Volume 7 (2005)
Volume 6 (2004)
Volume 5 (2003)
Volume 4 (2002)
Volume 3 (2001)
Volume 2 (2000)
Volume 1 (1995)
Financial Economics
Retained Earnings, and Book-to-market in the Cross Section of Expected Returns in Tehran Stock Exchange Market

Gholam Reza Keshavarz Haddad; Iman Sharifi

Volume 28, Issue 95 , July 2023, , Pages 9-40


  The book-to-market ratio is known as an anomaly variable in the financial literature. This variable has a high explanatory power in predicting the returns of companies in different capital markets across world; But understanding why it has the power to explain is still a matter of debate. In this study, ...  Read More

Oil Revenue Uncertainty, Sanctions and the Volatility of Macroeconomic Variables

Gholamreza Keshavarz Haddad; Esmaiel Abounoori; Tahereh Jahani

Volume 25, Issue 82 , April 2020, , Pages 1-42


  The IMF reports that, over 60% of foreign trade income and 40% of government revenue of Iran comes from the oil and gas sectors, which has always been a source of volatilities in the economy. The imposed sanctions on the Iranian economy also influence economic activities by reducing currency earnings ...  Read More

Parental Bargaining Power and Child’s Time Allocation among Iranian Households

Gholam Reza K. Haddad; Shahla Ojaghi

Volume 19, Issue 60 , October 2014, , Pages 67-99

  This article intends to examine the time allocation of children among Iranian households. It is well established that parents have different attitudes towards male and female children’s wellbeing. By making use of mother’s bargaining power and households’ expenditures and income survey ...  Read More

Females’ intra-household Bargaining Power and Fertility in Iran

Gholam Reza K. Haddad; Mahboobeh Kabiri-Renani

Volume 18, Issue 57 , February 2014, , Pages 97-124

  This research investigates demand for child among Iranian urban households in an intra-household bargaining decision process. Using Household’s Expenditures Survey of Iran(2008), a count regression technique which takes into account the over-dispersion and under-dispersion characteristic of Poisson ...  Read More

Gender Wage Gap in Iran: Urban Areas

Gholamreza Keshavarz Haddad; Arash Alavian Ghavanini

Volume 17, Issue 53 , February 2013, , Pages 101-133

  In the recent years, females’ literacy rate has experienced a drastic improvement in Iran; accordingly a remarkable increase in their participation rate is reasonably expected. Education is considered as  one of driving forces of females’ presence in the labor market; however they  ...  Read More

Volatility and Return Transmission among Cement Industry Stock Prices: an Application of Multivariate FIGARCH Modeling in High Frequency Financial time Series

Gholamreza Keshavarz Haddad; Seyed Babak Ebrahimi; Akbar Jafar Abadi

Volume 16, Issue 47 , July 2011, , Pages 129-162

  Long memory in asset returns and volatilities is a new research area, both in theoretical and empirical modeling of high frequent financial time series. The most popular techniques of time series modeling with long memory is the ARFIMA-FIGARCH, but this fractionality in the integration of time series ...  Read More

Herding Behavior among Institutional Investors in Tehran Stock Exchange

Gholamreza Keshavarz Haddad; Mohammad Rezaei

Volume 15, Issue 45 , February 2011, , Pages 103-137

  this paper following Lakonishok (1992) and Sias (2004), we examine the presence of herding behavior among active institutional investors, test the presence of momentum strategy (as a determiner of herding behavior) and the correlation between herding behavior and weekly, monthly and quarterly stock return, ...  Read More

The Inflation-hedging Effectiveness of Land, Gold and Stock in Iran

Gholamreza Keshavarz Haddad; MohamadReza Satari

Volume 15, Issue 44 , October 2010, , Pages 135-171

  Following the fisher’s hypothesis about the relationship between asset returns and inflation, numerous studies have tried to test the hypothesis with various data sets. Contradiction in the findings resulted to the proxy hypothesis of Fama (1981). In present article, survey the theoretical and ...  Read More

An Evaluation of Distortionary Effects of Evaluation of Gasoline Price Stabilization in a Computable General Equilibrium Framework

Gholamreza Keshavarz Haddad; Hamed Mortezazadeh

Volume 14, Issue 42 , April 2010, , Pages 25-53

  Decreasing trend of gasoline real price accompanied with economic growth and increasing number of automobiles have resulted in  high consumption of gasoline in Iran.  The average growth rate of hidden subsidies in the recent years is amounted 8.5 percent, and  the size of gasoline subsidies ...  Read More

Estimation of Residential and Commercial Demand for Natural Gas in Iran Using the Structural Time Series Model

Gholamreza Keshavarz Haddad; Mohammad Mirbagheri jam

Volume 9, Issue 32 , October 2007, , Pages 137-160

  The residential and commercial sectors are the main consumers of natural gas in Iran. The demand for natural gas in these sectors is on its peak in the cold seasons for the heating. In addition to changes in temperature, which is the main determinant of demand fluctuation in energy, other factors such ...  Read More

Importance of Financial Sectors in the Iranian Economy; An Analytical Appraisal of Shutting Down Effects of Financial Industries on Output and Employment

Gholamreza Keshavarz Haddad

Volume 6, Issue 21 , February 2005, , Pages 115-133

  In this Paper financial services in the Iranian economy, which is portioned into 41 industries, is considered as a sector with a Leontief production function. Financial Sectors, buy inputs from other sectors, and provide services to expedite the cash fellows and risk transformation for other sectors. ...  Read More

Appraisal of Job Creation Potentials in Iranian Economic Sectors

Gholamreza Keshavarz Haddad

Volume 6, Issue 18 , April 2004, , Pages 39-56

  Creating job opportunities for job seekers, who experience a growth of  more than half a million per year, has become a crucial problem for Iranian policy makers. Estimations depict that on average the growth rate of labor will amount to 3.3 percent during 1381-1385. Also, continuation of current ...  Read More