Regarding the importance of supply chain for better responding to customer and ultimately greater firm profitability, nowadays managers make more attention to supply chain.increase in Environmental uncertainty and product complexity and supply base complexity is effective on supply chain performance and firm performance.; therefore, today managers with many challenges faced in addressing the drivers of supply chain complexity. Identify complexity drivers and strategies to deal with it, is the most important concerns of managers and leaders in the supply chain.
The purpose of this paper is The Effects of product complexity and supply base complexity on supply chain performance and firm performance. The research sample contains 254 large manufacturing companies of Khuzestan province in Iran, selected by available sampling. Data have been collected using questionnaire and analyzed using SPSS and AMOS software. The results show that the product complexity has not a negative relationship with supply chain performance and strategic coordination but has a negative relationship with operational coordination. The results also show that the supply base complexity has not a negative relationship with supply chain efficiency and coordination؛but has a negative relationship with supply chain responsiveness.operational coordination has a positive relationship with supply chain responsiveness؛ but has not a positive relationship with supply chain efficiency.strategic coordination has a positive relationship with supply chain performance. Supply chain efficiency has not a positive relationship with firm performance.but supply chain responsiveness against to change has a positive relationship with firm performance.Transactional IOS has a positive relationship with coordination.Relational IOS has a positive relationship with coordination.collaborative knowledge management has a positive relationship with coordination.supply chain relational capital has not a positive relationship with operational coordination.but has a positive relationship with strategic coordination.supplier development has a positive relationship with operational coordination but has not a positive relationship with sterategic coordination.
 

Firm's size is one of the most important affecting factors on return which state in research background that the relationship between firm's size and return is conditional; means simultaneously increasing firm's size can increase and decrease stock's return that describing it as linear is impossible; so the square of firm's size added to model for nonlinear. But because of stock's return reaction on firms return that cause miss results, must firm's size criteria that evaluate non-market values and then used it's fitted value. So with regards to above issues, the purpose of this research is to investigate the effects of the square of firm's size on stock return.
In order to achieve to this research's purpose, a hypothesis compiled upon nonlinearity relationship approval and disapproval between firm and stock's return as a inverted U curve. In order to test this hypothesis with systematic the method, samples consists of 70 firms are selected among accepted firms in Tehran stock exchange during 1387 to 1394, and multivariate regression model based on combined datas are applied.
Results' show that SIZE explanatory variable (Firm's Size) with positive meaningful coefficient is in direct relationship with stock's return and SIZE explanatory variable (larger firm's size) with negative and meaningful coefficient is in reverse relationship with stock's return. In other words, with increasing firm's size to a certain, have ascending trend return but after that it is fixed to some extent and then with increasing firm's size more than certain extent, stock's return trend is descending mode.
So the hypothesis of this research upon inverted U curve approved between firm's size and stock's return.
 

 Liquidity is one of the important issues that bank insolvency results in insolvency in the bank. For this reason, the factors affecting liquidity are one of the important issues in the field of banking and finance. These factors are divided into two parts of macroeconomic factors (inflation and GDP) and special factors of the bank (loan growth, profitability, non performing). To measure liquidity, there are two methods of ration/stock andgap/flow, which our study was based on the ration/stock method. The method of this research is descriptive-correlation. Our target community is the accepted banks in the Tehran Stock Exchange, which we studied by using the systematic elimination method, with the condition that at least 15 years of their business activity had passed. Our software was eviews and data was a panel, and our methodology was based on this type of data. Using the OLS method, we estimated the regression using constant effects, and we arrived at the following results: the non performing, profitability, Gross domestic product and loan growth have a negative and significant effect and inflation have a negative effect on liquidity.

 Today, knowledge is the most important capital, replacement capital and technology is the material, especially in the competitive environment. The concept of intellectual capital is important applications and spread. Customers intellectual capital, processes, information, trademark, human resources and organizational systems manifested an increasing role in the creation and sustainable competitive advantages plays. This study examines the impact of intellectual capital on the market value and the financial performance of banks listed on the Stock Exchange of Tehran. For this purpose, the market return, return on assets and return on equity index and its components of intellectual capital (human capital, relational capital, structural capital) using the model "Pulic" in the banks listed on the stock exchange during 1389 until 1394, measuring, then the effect of intellectual capital and its components on each of the indicators of market value, return on assets and return on equity was examined using linear regression model. The results of this study show that intellectual capital and its components (human capital, relational capital, structural capital) with indicators of market value, return on assets and return on equity is a significant positive relationship. The relationship between the higher market value and the return on equity is lower.

: Knowledge sharing is an important aspect in the field of knowledge management. Nowadays organizations increasingly recognize the importance of developing knowledge sharing culture among employees. The present study aimed to investigate and identify the antecedents and consequences of knowledge sharing. The statistical population of the study includes employees of Tejarat bank in Khuzestan province which 384 person were selected through random sampling as research sample. A questionnaire was used to gather data. Also Cronbach alpha coefficient was used to confirm reliability that was equal to 0/923. The descriptive statics, linear regression, correlation and pearson test as well as structural equation modelling via AMOS and SPSS soft wares were applied to analysis the data. Findings of the study revealed that Attitude toward Learning and Sharing, Perceived Organization Support and Leadership Role as antecedents of Knowledge Sharing, have a significant and positive effect on Knowledge Sharing. Also Knowledge Sharing were found to significantly and positively impact the Performance. The results also confirmed the mediating role of Knowledge Sharing in relation to the impact of Attitude toward Learning and Sharing and Leadership Role variables on Performance. However Perceived Organization Support does not affect Performance Through Knowledge Sharing and therefore related hypothesis is rejected.

Recent use the financial and nonfinancial performance measures evaluation has raised questions on how such measures influence employee reactions and behavior in organization. Surprisingly, the question of whether and how this measures motivate employees to participate in target setting has remained largely unexplored and how motivation influenced employee behavior and performance? This study investigates the relative importance of nonfinancial measures vis-à-vis financial performance measures evaluation in engendering employee intrinsic and controlled extrinsic motivation to participate and how these two forms of motivation to participate in target setting translate into improved employee job performance. Data via a questionnaire were obtained from employees. Based on a sample of 299 employees selected, the structural equation modeling results indicate that both financial measures and nonfinancial performance measures evaluation are positive significant effect on employee intrinsic motivation to participate in target setting also both financial measures and nonfinancial performance measures evaluation are positive significant effect on employee extrinsic motivation to participate in target setting. This study also confirmed that intrinsic and extrinsic motivation to participate in target setting positive significant effect on job performance, financial and nonfinancial performance measures evaluation positive significant effect on job performance also financial performance measures evaluation by intrinsic motivation and extrinsic motivation participate in target setting positive significant effect on job performance and nonfinancial performance measures evaluation by intrinsic motivation and extrinsic motivation participate in target setting positive significant effect on job performance.

 one of Traditional financial theory to justify behaviors that have been unable to conduct financial assistance was looking for, herding behavior of investors. Various factors affect the herding behavior of investors is one of the various cultural factors. The effect of national culture in the field of financial management and investment decisions of high importance Because having different cultures in relation to the purchase and sale of stock and stock news important and unimportant require different behaviors and decisions. Culture as values, attitudes, beliefs and thinking patterns, a major impact on all aspects of social life and institutional and individual. On the other hand, in discussing behavioral finance, behavioral traits that affect people's decisions, are examined. These features are "behavioral bias" called In this study, three of them, including overconfidence, optimism is excessive and Astrally be examined. to assess the herding behavior of the model Chang and et al and is used to measure the national culture of national culture. The population consisted of 30 industrial stocks over the period 1394-1390 is analyzed using the OLS model is placed. The results indicate that the national culture and behavior problems affect the herding behavior of investors. On indicators of national culture of masculinity and power distance index avoided a direct and significant relationship of skepticism, individualism and indirect orientation and significant long-term relationship. For behavioral problems, excessive optimism and overconfidence direct relation and indirect relation and significant disposition effect. It can also be said that the impact of masculinity index is more prominent than the other indices.

This study examined the quality of the online registration tax and its impact on the satisfaction of tax payers of Tax Affairs Organization in the city of Ahvaz took place. The population of tax payers city of Ahvaz is the number 385 as the sample size was selected from the 292 questionnaires properly and no defects were collected. The data is collected through a questionnaire with the reliability of 0.901 and its validity was confirmed by professors' validity. To analyze the data, SPSS software was used. The results indicate that the three aspects of system quality, information quality and service quality is significant and positive impact on tax payers' satisfaction and quality of information from these three dimensions stronger impact on payers are satisfied. And in the end to improve relations and also suggestions for future investigations due to limitations presented.

 This study extended the Theory of Reasoned Action (TRA), Theory of planned behavior (TPB) and Technology Acceptance Model (TAM), to study the factors affecting the intention to use of Internet banking in Iran, especially from Internet banking customers Tejarat Bank of ahvaz has paid. Data via a questionnaire were obtained. The sample size in this study 95 percent of 384 people was considered desirable to return to the number, the number of questionnaires among 450 members elected branches was distributed in the sample. For survey research hypothesis used the pearson Correlation coefficient and structural equation modeling. Findings from this study showed that variables of Perceived ease of use, Security and privacy and Percevied usefulness significant effect on to perform the desired behavior (intention to use internet banking), Technology support, Government support and computer Self efficacy significant effect on to perform the desired behavior (intention to use internet banking), Perceived ease of use significant effect on Percevied usefulness, also result show the Attitude, Subjective norm, Perceived behavioral control and Percevied usefulness significant effect on intention to use internet banking.

: the main purpose of the companies is to maximize value and consequently shareholders wealth. and this incident that is one of the factors in this case is 'The structure of the capital deciding about corporate capital structure impact of various internal and external factors. The purpose of this research is: investigating of effective factors on capital structure of material industry and medicinal products companies in the stock exchange of Tehran. we choose statistical community samples which use the method of targeted (goal oriented) sampling (systematic removal) that contain 25 corporate in period 1387-1393. This study has employed a fixed effect panel data methodology using different variables related to firm characteristics (firm size, profitability, tangibility, growth, liquidity, nondebt tax shields) and corporate governance (CEO duality, Board size) and their effect on the debt ratio. We used the eviews 8 for analyze the hypothesis .
The result of this study showed that the size of the company has significant positive effect on the capital structure of companies in this case study and growth opportunity, Board size, tangibility, profitability and liquidity has been reverse and significant effect on the capital structure. but CEO duality and nondebt tax shields hasnt significant effect on capital structure.
 

Contrary to the growing use of portfolios and in spite of the rich literature on the subject, there are some problems and unanswered questions. Besides, Iran’s stock markets, as developing and growing maekrts, need native researches to answer the problems and unanswered questions. The aim of this work is to be a Effective method for helping finance practitioners and researchers with the portfolio selection problem. While reviewing Modern Portfolio Theory’s (MPT) literature, this study describes the advances and developments in the field of portfolio selection and optimization, and also investigates A variety of optimization problems and heuristic methods, and therefore, The new heuristic algorithm hill climbing selected to resolve the portfolio selection problem with the objective of simultaneous risk minimization/ return maximization in Tehran Stock Exchange market and from the stocks of listed 50 top companies. As well as problem solving with genetic algorithms benchmark algorithms and the results of the two algorithms view portfolio risk and return form, duration and scale convergence of the algorithm Sharp (as a measure of the performance of the portfolio) were compared and the algorithm more efficient and effective Defines more. The results show the superior hill-climbing algorithm to solve the problem.

 Brand is one of the most valuable assets of an enterprise. According to concepts such as brand, Management and Brand equity is Cause access the Proper place In the minds of customer's. This study is With an emphasis on model aker's (1991), And a consumer-based approach , The survey To achieve The impact of promotion mix On brand equity Brand and intend to buy stock to pay, This study considering 250 shareholders and their agents selectively Stock Exchange In Tehran as sample and using AMOS software And structural equation modeling to analyze the data obtained's The results showed that total with the promotion mix variable (0/484) And the direct effect (0/427) And indirect effects (0/056) And a variable amount of brand equity (0/339) The variance is explained intention of buying shares, It can be said that the promotion mix Brand equity has an impact on intention to buy shares on the stock exchange. Among the factors that have a direct impact on brand equity, public relations whit 0/78 and direct marketing, with 0/71 has the greatest effect.

Investors highly expect to receive a reasonable return by investing in security markets. Two main factors have a direct impact on the return of the security fund: Price Changes and Dividends. Therefore, stock prices, or more accurately stock price changes, are one of the essential playing factors for making the correct decisions for purchasing and selling various stocks.
Generally speaking, there are two main approaches to analyze and study the stock prices: Technical and Fundamental Analyses. Technical Analysis is based on the past performance of shares and Fundamental Analysis puts the emphasis on the essential impacting factors in order to analyze stock prices.
This study aims to evaluate and compare the ability of Technical, Fundamental, and Hybrid (combination of fundamental and technical analyses) models to explain the stock prices of Tehran Stock Exchange. In this study, dividend per share, earnings per share, operation earnings per share, book value per share, and book to market ratio are indicators of fundamental analysis. Past price patterns and dummy variables of momentum strategy are considered as indicator of technical analysis. Descriptive and inferential methods are used in this research. To have a diverse population of stock prices for this research, all companies that have been registered in Tehran Stock Exchange by Year 2004 are considered as the Statistical Population. Next, 103 of the companies which had all of the necessary conditions were selected for further investigation. Stock data is extracted directly from the financial statements provided by the companies. Excel, Eviews and Stata are the mathematical tools which we utilize in this work to calculate . Analysis models are tested by EGLS method with fixed effects. This study has eight hypotheses which four of them are essential to this research.
The hypotheses are tested with the confidence level of 95 percent or above. This study shows the hybrid model has the best ability to explain stock prices when compared to technical and fundamental models. However, all three analytical models, (Technical, Fundamental and Hybrid), have the ability to explain stock prices with some level of accuracy.
 

<p style="text-align: left;">&nbsp;market efficiency has been widely dcumented in finance literature. A market is said to be efficient with respect to an information if the price &lsquo;fully reflects&rsquo; that information and there is no trend and a pattern for its future behavior, in other word the prices follow random walk. In the other hand, calander anomaly indicates the repetitive trends in the time series behavior of stock market.<br /> The purpose of this study is to examine the hypothesis of market efficiency in the semi-strong form on the TSE by focusing on public announacement published in newspapers of donyaye eghtesad and keyhan. Hence, using daily data for the 1391- 1394 period, we analyze the impact of political &amp; a broad set of econmic news on return of TSE index &amp; trading volume. we use the estimation of ARCH and GARCH models for testing research hypothesis. the period of study dividended to two subordinate periods, first period from 1391 to 1392 and secound period from 1392 to 1394. The results indicate that political news and macroeconomc news having significant impact on stock market returns while the news about various industry and capital market is found insignificant and the impact of Political and economic news on trading volume is insignificant. On the other hand, the result show the existence of daily anomaly and consecutive pattern of the impact of news on the stock market return &amp; trading volume that challenging the semi- strong form efficiency of TSE.</p>

 In recent decades; the creation of new financial markets, intensified competition between companies as well as the rapidly changing economic, social and technological are caused increasing uncertainty and volatility in the areas of financial and consequently the complexity of the decision-making process the funding has increased. In such circumstances, of course, the development of economy depends on making the correct decision and optimal allocation of resources, because if the capital opportunities do not invest or somehow use that loses effectiveness, the macroeconomic experiencing of countries will be enormous challenges. One of the most important topics in the field of financial management distinguishes the Banks and credit institutions of companies with creditworthy and bad accounts. One of the ways of helping to creditors is provision of predicting credit risk of defaulting firms. To date, the various techniques for designing predictive models of credit risk and default company are used. Because recent studies in this area, the creation and use of vectors, linear support and artificial intelligence issues Categories focused, so in this study, predicting the credit risk of companies use hybrid model, least squares support vector machine and Swarm using. The sample under study included 120 Bad Company accounts and 120 Guest accounts, which over a period of 5 years from 1387 to 1392. The findings of study were showed that the model PSOLSSVM is able to predict the defaulting companies and of acceptable accuracy.

Abstract :

Business Firms managers are looking for formulating and applying strategies to maximize their firms’performance and benefits. One of the important strategies is marketing strategies, specifically differentiationstrategy. The purpose of the present study was to examine the effect of three kinds of differentiationstrategies including product differentiation, physical differentiation, and services differentiation on sale performance of Ahvaz supermarkets. To this end, seventeen supermarkets have been studied and one hundred and one employees and managers of these supermarkets participated in the study and completed the questionnaires. Correlation and regression analyses revealed that three kinds of differentiationstrategies including product differentiation, physical differentiation, and services differentiationhad a significant effect on supermarkets sale performance. Moreover, from differentiationstrategies, services differentiation had more effect on sale performance compare to other differentiation strategies
 

Abstrac
Banks plays a decisive role in the country's social and economic development and financial institutions, one of basic services that can be differentiated from competitors And the most important factors that influence the quality of service and attention to staff employees as internal customers due to their impact on the success organizational performance,Domestic marketing issues are raised. The aim of this study was to investigate the relationship between internal marketing on financial performance and also investigate the relationship between internal marketing staff performance, job satisfaction and commitment Organizational The study of the relationship between market orientation and financial performance of commercial bank branches in Ahvaz. Questionnaire study of its validity using factor analysis using confirmatory factor analysis using Amos software was reviewed and approved course And International Trade Bank in Ahvaz 124 employees are randomly distributed, then the results of the normality of the variables provided the basis determined Designed to test the hypothesis of the correlation analysis (Pearson or Spearman) must be used and the hypotheses were examined. The results of the analysis indicate that all model variables except the direct relationships between internal marketing and internal marketing and market orientation and performance are significantly enhanced financial performance is.
 

The aim of this research is an analytic survey on the efficiency of Agricultural Bank's Branches in Khuzestan province by using BSC-DEA hybrid approach. This research has been done in accordance with Application able purpose and the nature and the way of gathering the data is Descriptive and for & against .The community of the research is all of the agricultural bank's branches in Khuzestan province between the years of 1388 till 1392. We have started this research with the review of all the resources and literature of Performance assessment in bank branches, and have gained the inputs and outputs (totally 13 variables) which are categorized based on four landscape of Balanced Scorecard and at the end, the efficiency of bank branches Was measured with BCC approach and the output of the axis is scored with the help of EMS software. The results of researches in 1388 has shown that just the branches in Ahwaz and Dezfoul in all the financial aspects, customer, internal procedures, and growth and learning in respects to the scores was on the efficiency frontier and were completely effective. It has shown also in 1389 researches' output that just Abdolkhan branch and Seh rah -e - Khorramshahr Ahwaz branch in all the financial aspects, customer, internal procedures, and growth and learning; and in 1390 just Andimeshk in all the financial aspects, customer, internal procedures, and growth and learning; and in 1391& 1392 the findings has shown that there is not any effective branch in this respect.

This study examines the effectiveness of a method of forecasting stock prices using the Moving Average Convergence Divergence in Tehran Stock Exchange paid. According to the study, three levels of indicators, the industry and the company pays to study, research population in the total index of all companies in the list of companies Companies listed on the Tehran Stock Exchange and the Stock Exchange and in the industry in five industrial companies, 20 companies listed in Tehran Stock Exchange for Years 2007/21/03 and 2014/13/08 were taken. To evaluate the profitability of moving average convergence Vagrayyaz It used to be that after the first purchase and sell signals (Moving Average Convergence Divergence procedure, the average annual yield on Moving Average Convergence Divergence of each method and the purchase and maintenance are charged.The average yield based on the Moving Average Convergence Divergence will be compared with the average returns of the buy and hold approach. If the difference between the average yield on Moving Average Convergence Divergence method and the average return on the purchase and maintenance of meaningful and positive, Moving Average Convergence Divergence Trading Method is profitability.Since the difference between the average yield on Moving Average Convergence Divergence technique and average performance of the method of purchase and maintenance is not significant, so the results of this study indicate that Moving Average Convergence Divergence trading technique as a method of predicting stock prices in the Tehran Stock Exchange does not lead to additional profit

This study is a different look to evaluate information efficiency of the Tehran Stock Exchange for the period 1391-1393. This study has been investigated the effects of political and economic news published in newspapers of the ‘donyaye eghtesad’ and ‘keyhan’ on the daily returns of the universe of stock price index
To test the hypothesis, were used models of Auto Regressive Conditional Heteroskedatisticity, Generalized Auto Regressive Conditional Heteroskedatisticity and Exponential General Autoregressive Conditional Heteroskedatisticity (ARCH and GARCH and EGARCH) and run tests. The results indicate the uninfluence of economic news and positive impact political news on stock price index of Tehran Stock Exchange And Consecutive arrival of news to market and Consecutive pattern of the impact of news on the return
Overall the information efficiency was rejected in Tehran Stock Exchange in both semi-strong level and weak level
 

Present study investigated behavioral variables affecting investment decisions on major investment styles (fundamental, technical, other techniques) in Stock Exchange. In this study, we sought to answer the question to what extent the decision-making buying and selling shareholders investing in different styles have been influenced by behavioral variables? This study is based on objective and the method of data collection is described. The required data were obtained through questionnaires. Samples of Present study were 287 stockholders that are obtained through random sampling. t-test and Anova was used for hypothesis examination. The results indicate that behavioral factors affected the investment decisions in all investment style and no significant difference in the behavioral effects of variables on shareholder investment decisions according to their investment style does not look.
 

Over the past few decades, modern business organizations significant amounts of capital in the field of information technology (IT) to improve their operational efficiency and competitive capacity in the industry hoping to make a profit, have investment.
IT as a critical factor for the survival and subsequent growth and more businesses will be considered. Nowadays all IT functions at all levels of organization and social influence and led to fundamental changes in all aspects of life especially business is. History shows that the industry is often critical field and critical to the adoption and implementation of information technology (IT)
There is a strong believer of the fact that IT is definitely for the life and growth of a bank, is vital. Accordingly, this argument seems to establish a link between banking institutions, something meaningful and important.
Most studies done recently in this regard to the banking area, often analysis techniques based on Mrzkara are paid. Because they are capable of things beyond what comprehensive financial ratio analysis to evaluate and improve the bank's performance is available, the provider.
is considered. This research objective and the method of data collection, a description Cooperative development of the technology.
Thus, according to Table 205 branches as research samples, stratified random sampling method selected. For this research the method of data envelopment analysis (DEA) was used. In the first hypothesis, the results obtained show that the two variables are significant relationship of IT and operational efficiency of banks there. Here we can say that dealing with IT to increase operational efficiency and achieve more profitable banks in the time and customer satisfaction.
According to the regression results 7/15% of banks operating performance changes caused by changes of information technology.
According to the regression results 6/35% of banks operating performance changes due to the investment in information technology. The third hypothesis, the investments made in IT and operational costs of banks, there is a significant relationship at the 99% level. Which reflects the impact of IT investments on banks' operating costs by as much as 1/80 per cent.
According to regression 1/64 percent of the banks operating cost changes resulting from changes in investments in information technology.

 

Name : Mohammad Surname: Mirzaie
Title: Investigating efficiency status of activities in the process of outsourcing in Khuzestan electricity power distribution company using Data Envelopment Analysis method
Supervisor/s: Dr. Hasanali sinaie
Advisor/s:Dr. Abdolhosein nissi
Degree: M.A
University: shahid chamran of Ahvaz Page: 135
Department : management Faculty
Keywords : DEA, efficiency, outsourcing
Abstract
knowledge of status process efficiency activities a company and compare it to other companies relted foreign and domestic he can help the dicison mekers to neil high objectives. the purpose of the research now investigating efficiency status of activites in the process outsourcing in Khuzestan electricity power distribution company assessment cities cover Khuzestan electricity power distribution company using data envelopment analysis method within the analysis window in the constant returns and returns to scale mtghyrnsbt in period 9 years(1391_1392) in clouding before and afterand outsourcing there have been number of employee, trans former capacity, along the lines pressure medium and weak, purchased energy, the as inputs and level of energy consumption and number of subscribers the as outputs select were .
Results the research in any two status return variable and fixed than the scale show the efficiency a after the outsourcing in Khuzestan electricity power distribution company increase significant compared to previous years outsourcing has than the years before of outsourcing is he show improve efficiency activates in the process outsourcing.
 

Capital markets are one of the most important economic sectors of each country. Efficient financial system transfers capital from savers to borrowers and directs resources towards productive and profitable investment projects. The more the investment productivity is, the higher the economic growth rate will be. Therefore, development of a financial sector is one of the major factors to obtain instant and continuous economic growth. Firms ranking, while promoting competition and market efficiency, is a useful guide for investors and market operators. In present thesis, for the purpose of ranking the petrochemical companies, a questionnaire was composed by means of which weight attributes ratio in the ranking is obtained. Once the questionnaire's validity has been confirmed, its reliability using inconsistency rate was found to be smaller than 0.1 and hence approved. Next, the questionnaire was handed out to 15 experts and respective officials of the capital market as well as professors of finance and accounting from various universities and they were asked to give their opinion on the question as to what extent each one of the attributes should be considered as a critical indicator in firms ranking. Given the type, purpose, hypotheses and questionnaire of the research, a 1-to-9-Satty scale was employed to form the matrix of paired comparisons in order to evaluate weight of the indicators and to rank companies using ANP and TOPSIS techniques.

 In this study, the relationship between corporate governance mechanisms (ownership concentration, institutional ownership, CEO duality, the size of the Board and kind of auditor) with value-based financial performance measures (market value added (MVA), economic value added (EVA), cash value added (CVA)) is investigated. Firm size variables and financial leverage are considered as control variables in the study. The statistical population composed of listed companies in Tehran Stock Exchange and the sample of study was selected by using random sampling including 101 firms for the period 2006 to 2011. The kind of research of purpose is applied research and method of research is descriptive-correlation. The hypothesis was examined by using multiple panel regression methods and research hypotheses were estimated in three separate models. The results of market value added model show that there is a significant negative relationship between ownership concentration, CEO duality and kind of audit mechanisms with market value added, while no relationship found between institutional ownership and size of the board with market value added. EVA model results indicate a significant negative relationship between ownership concentration and CEO duality task with economic value added. In this model, there also seen no significant relationship between the measures of institutional ownership, size of the board and type of audit with economic value added. An examination of cash value added model indicates that there seems a positive relationship between ownership concentration, institutional ownership and the size of the Board with cash value added. CEO duality doesn’t show a relationship with cash value added, whereas the firm size variable poses significant positive relationship with measures of economic value added and market value added. Moreover, there found a negative relationship between firm size and cash value added. Finally, financial leverage is also negatively related with cash value added and market value but shows however, no significant relationship with economic value added

Mutual funds flows refers to the amount of money enter and out of mutual funds industry and net flow is difference between the pair of input and output. Growth of mutual funds assets as the development of these financial institutions in the capital markets and promoting a culture of productive and indirect investment and Professional management by the community.the Purpose of this research is study of influencing factor on mutual funds flows.for this aim collect weekly and monthly datas of net capital flows,tehran bours index, price of Dollar and gold coins in market, bank deposit interest rate and inflation rate over a period of three and a half years from the beginning of 1388 to the end of the Shahrivar 1391 and after the initial calculations to extract time series related return of growth and to a single root test Overview doing checked multicollinearity for variables, the final model to study the dynamic pattern autoregresive distributed Lag (ARDL) respectively. results showed that on weekly data, stock market returns and first and second log of net flows had positive impact on capital flows and market returns of coins and inflation rates have a negative impact on net capital flows . based on monthly data for the first interval of net capital flows positively impact the log net capital flows, inflation rate and coin return have a negative impact on net capital flows of funds. in both Weekly and monthly models didn’t found any evidence for influence of interest rates and dollar market return on net capital flows.

The present research was aimed to determine individual behavioral factors that are likely to affect the investment intention of potential investors. The study exploits perspectives of Ajzen’ (1991) theory of planned behavior (attitudes, subjective norms, and perceived behavioral control), and Sitkin and Weingart’s (1995) risk propensity as predictors of investments intentions. This is an applied study in descriptive-correlation manner. To satisfy this end, questionnaires were handed out among different Ahvaz city stockholders so that finally number of 296 questionnaires were gathered. Data analysis were followed as per structural equations using AMOS ver.16 software. Results indicated that attitudes, subjective norms, perceived behavioral control, and risk propensity were found to be significant predictors of investment intentions among investors.

: The purpose of this research was to investigate presence or absence of stock price bubble in stock price of 50 active companies in Tehran Stock Exchange and survey the relationship between stock price bubble with retail and institutional investor sentiment. This survey was done across all active companies in TSE from 1389 to 1390. In final only 50 active companies in TSE in 1389 and 1390 were selected as sample. The research data were collected from daily data, provided by TSE. Excel and Spss softwares were used for data analysis. First, data were entered in Excel software then the information needed to conduct research was extracted from it. In this research , the researchers used the Run test to survey stock price bubble. The advantage of this test is ability to explain daily data. Then, the researchers use Chi-Square test to examine the relationship between stock price bubble and investor sentiment.in conclusion, the researchers used Phi and Cramer correlation to measure the intensity of the relationship between retail and institutional investor sentiment and stock price bubble. The results show that among the 50 active companies in TSE in 1389, 41 companies have bubble and 9 companies were no bubble. And , of the 50 active companies in 1390, 37 companies have bubble and 13 companies were no bubble. The results show a strong relationship between investor sentiment( investor belief about future risk and return and her/his decision based on this beliefs) and stock price bubble. In adition, the results show that relationship between retail investor sentiment and stock price bubble is stronger than the relationship between institutional investor sentiment and stock price bubble.

 Abstract:
Mutual funds become one of most important investing mechanisms in financial market, so that by playing your role of financial intermediary, person's investments change from an direct form to indirect form. On of the most important benefits such as financial intermediaries is diversification of investment, so that they become able to reduce the investment risk to the lowest level. In such circumstance it seems to be a following of modern portfolio theory (MPT) on the formation of the fund's investment portfolio, which in turn is a symbol of a portfolio investment, the benefits added by added by diversifying. Thus, in order to realize the aim of the present study (the portfolio of mutual funds) by consideration the role's regret in the decision-making process, codify a two-step analysis, the first step is evaluation of Fund performance based on four criteria considered (return, standard deviation, turnover and treynor ratio) to select superior fund, and secondly, a portfolio of funds selected by the first model of "expected regret minimization" was formed.
Therefore, data on 46 mutual funds in Tehran Stock Exchange for the period 2011-2012 were examined.Thus, the preparation of the data using SPSS software and Excell2010, k mean cluster analysis by using the software SPSS (first level analysis) that eventually took 15 funds in two clusters were selected Then secondly by Programming and Modeling expected regret minimization by MATLAB 7.1 Software functions and using fmincon function in three different modes (profound start in the model) to the portfolio of mutual fund 15 was attempted, in which each of these scenarios, the monthly return on the portfolio is over the average monthly return's of market index. Overall, the results indicate the effectiveness of expected regret minimization model in Tehran Stock Exchange.