There are various anomalies in the financial markets such as profitability, financial distress, lottery, volatility, and growth options, which origin and nature are unclear, ambiguous and apparently unrelated. In this study, we investigate the seemingly unrelated anomalies using the third and fourth moments of return’s distribution function and by isolating the expected skewness effect attribut...

The problem of hydropower plant profit maximization includes simultaneous programming of optimal utilization of water resources and participation in the power market. The present research was performed on a chain of hydropower plants within the Karoon river basin in Khuzestan Province (Iran) (i.e. Karoon­­ 3, Karoon 1, and Masjid Soleyman hydropower plants). In this research nonlinear programmi...

Exchange rate instability brings about significant changes in the domestic and foreign sectors that can impose negative effects on the whole economy. The present study investigates the effect of exchange and inflation rate instability on the lending behavior of Iranian banks by using data of the 10 banks over the time period 1382-1397(2003-2018). To do this, at first, a GARCH(1,1) of the exchan...

Iran is ranked as the ninth largest greenhouse gas producer in the world, with an annual emission of nearly 180 million tons of CO2 by thermal power plants.. The purpose of this research is to simulate and optimize the optimal economic and environmental load dispatch and a portfolio of efficiency improvement strategies on both supply and demand sides in MT1, MT2, and EEP scenarios in using the ...

The purpose of this study is investigating the effect of tax avoidance on the cost of equity firms listed in Tehran Stock Exchange. The study sample consists of 75 Firms listed in Tehran stock Exchange during the 2001 to 2010. Effective tax rate is used as measurement of tax avoidance. In order to testing the research hypothesizes, Ordinary Least Squares regression (OLS) and Panel Data have bee...