the introductory issue of the journal of financial research contains six articles in farsi and one in english. it also offers a glossary of financial terminology. the first article deals with the efficient capital market hypothesis , and is authored by dr. ali jahankhani & hussein abdoh tabrizi. it explains the concept and theories of capital market efficiency and their historical development i...

technical efficiency of different sectors is important for economic policy making purposes. this study considering regions as independent decision-making units, measures technical efficiency of industrial sector for every region of the country and then examines its determinant factors.generally influential factors of efficiency are classified in two main groups. first group includes the basic e...

We decompose labor-productivity growth into components attributable to (1) technological change (shifts in the world production frontier), (2) technological catch-up (movements toward or away from the frontier), (3) human capital accumulation (changes in the efficiency of labor), and (4) physical capital accumulation (movement along the frontier). The world production frontier is constructed us...

Insufficient access to assets is the main determinant of poverty. We analyze the role of access to assets in explaining household labor allocation strategies, sources of income, levels of income achieved, and poverty headcount ratios among classes of Mexican rural households. To assess the gains from asset redistribution, we both measure the direct income effects from redistribution and simulat...

Financial policy making is deemed essential for achieving higher economic dividends. There is a need to study the neglected area of working capital management with special emphasis on its efficiency. This paper directs attention to study this topic for listed chemical sector of Pakistan. The current practice is examined in light of a nine year panel data from the State Bank of Pakistan. Reviewe...

Improving performance of electrical distribution companies, as the natural monopoly entities in electric industry, has always been one of the main concerns of the regulators. In this paper, a new incentive regulatory scheme is proposed to improve the performances of electrical distribution companies. The proposed scheme utilizes several efficiency assessments and a 3-dimentional reward-penalty ...