Available online 30 April 2015 This paper tests the relation between expected excess stock returns and illiquidity risk in G7 markets. By conducting panel regressions on monthly data for 20 years, evidence shows that excess stock returns of the G7 countries are positively correlated with market illiquidity risk, but are negatively correlated with the innovation of firm-level illiquidity. Applyi...

The monetary policy in the frame of monetary transaction through stocks market affects the stocks’ price that these prices also affect the economy with impacting consuming and investing expenses. In another word, based on the importance of monetary part in commercial banks, the effect of these policies on bank stocks has a great importance that is studied in his project. For this purpose, the d...

With the introduction of concept social responsibility investment/green investment, more and investors have realized importance such which has prompted portfolio managers to comprehensively consider both financial non-financial performance portfolios in different time horizons. DEA (Data Envelopment Analysis), as a data-driven evaluation approach, been widely used portfolios. However, existing ...

today, a way of gaining constant and dynamic development is reforming of the ownerships structure, from governmental ownership to privatization ownership. so this policy in many countries, especially in developing countries, as a strategic policy has been used. compilation and performing principle 44, s policies of iran islamic republic law constitution which parliament has confirmed. one of th...

One of the effective ways for reducing atmospheric CO2 is carbon sequestration by plants and soils. Rangelands with an expanded area have a great potential for Carbon (C) Stocks. In this study, C stocks in three treatments including natural rangelands (NR), Pit- seeding by Agropyrum elongatum (PS) and abandoned dry farming (ADF) were examined in Kardeh basin Mashhad, Iran in 2013. In each treat...