درخت حوزه‌های تخصصی

Dividend policy has been an influential factor in corporate investment decisions and has been an issue in recent years. The monetary policy began with the creation of economic organizations and free trade markets during the financial crisis. These were the first examples of capital controls in the history of the European Union and had different effects on the financial position of companies. Since the Central Bank, the monetary policy council or any other monetary committee will change the volume of money by declaring and implementing monetary policies, we try to use a sample of the Middle East countries to distinguish between economic austerity and capital control and to assess the effects of the dividend on corporate capital decisions. All sample countries have a common financial reporting framework (International Financial Reporting Standards - IFRS), and some have a range of measures, from low-tight measures such as tax increases to more stringent measures such as enforcing capital controls. They implemented in order to stabilize their economy. To do this, we will specifically use two factors that determine information asymmetry in accounting: conditional conservatism and the level of revenue management

According to the study of Fang and his colleagues in 2021, in order to reduce the fall of the stock market, companies pay attention to trading strategies and behavioral financial perspective, which have evaluated the assumptions and goals set in this regard; But there may be a gap in this path that prevents the connection or effect between the above variables, which is discussed in this study. This study aims to determine the effect of quantitative trading strategies on the fall of the stock market according to the perspective of behavioral finance (case study: companies admitted to the Tehran Stock Exchange). In order to analyze the research hypotheses, the statistical population was selected from 2016 to 2021 and for 6 years and included listed companies; the statistical sample was selected by elimination method and 90 companies. The research method used is a descriptive-analytical method and historical research data was collected and classified by referring to the financial statements and financial reports of the companies admitted to the Tehran Stock Exchange. The panel data method was used to analyze the statistical data; And in the analysis section, descriptive statistics, inferential statistics and various relevant tests were performed and data analysis was done using Eviews version 9 software. According to the analysis of the regression model, the findings of the research show that the main hypothesis has been confirmed and it was found that quantitative trading strategies have a negative and significant effect on the fall of the stock market according to the behavioral financial perspective of the companies admitted to the Tehran Stock Exchange. So that in this research, based on the t-statistics, the effectiveness of both special hypotheses (fall-timing and movement-reverse) was determined, and according to the mediating variable of behavioral financial perspective, they can also play a positive and significant role in reducing the fall of the stock market to be.