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        1 - Behavior pattern of traders in the capital market
        Reza Khezri Asgar Pakmaram Rasool  Abdi Nader  Rezaie
        Traders take risks when there is a possibility of losses, and when there is a possibility of making a profit, their risk-taking is greatly reduced to only definite gains. This reverse behavior in humans is a neurological phenomenon that is common to both humans and anim More
        Traders take risks when there is a possibility of losses, and when there is a possibility of making a profit, their risk-taking is greatly reduced to only definite gains. This reverse behavior in humans is a neurological phenomenon that is common to both humans and animals. At present, the causal conditions of the interventionist and the context, strategies and behavioral consequences of traders have not been studied. Therefore, in this study, an attempt has been made to design the behavioral model of traders using contextual theory. This research is of qualitative and exploratory type and has been conducted by interviewing experts in the field of theoretical foundations of behaviorism, capital market and other fields related to the research topic and has been saturated by conducting 16 interviews in 2021 by snowball sampling method. Is. The results show that the most important causal conditions that lead to the recognition of traders' behavior are the effect of risk (perspective theory), levels of financial behavior, efficient market hypothesis, over / under reactive phenomenon, over / under confidence phenomenon, respectively. Arbitrage Phenomenon, News Phenomenon, Bias Phenomenon, Positive Thinking Phenomenon, Patience Phenomenon, Mass Behavior Phenomena, Overtrading Phenomenon, Excitement Phenomena, Exchange Volume, Lack of Information, Behavioral Bias, Cognitive Bias, Stock Index, Trading Strategy They are greed, fear and greed. Manuscript profile
      • Open Access Article

        2 - Working Capital Behavior of Firms under Economic Recession: Evidence from Tehran Capital Market
        Meysam Kaviani فرشاد بزرگی nikfarjam farzad
        In the current challenging economy with increasing environmental pressures and limited external resources, current assets and liabilities, i.e., the working capital of economic enterprises, are increasingly important, and the working capital of economic enterprises can More
        In the current challenging economy with increasing environmental pressures and limited external resources, current assets and liabilities, i.e., the working capital of economic enterprises, are increasingly important, and the working capital of economic enterprises can be considered as a competitive advantage for them. The working capital of the company is the amount invested in current assets. Working capital is considered as a life-giving force for every economic unit and its management should be considered as an important function in management. The purpose of this research is to investigate and analyze the working capital behavior of companies under economic recession in Tehran's capital market. For this purpose, the information of the companies in the period of 10 years from 2013 to 2022 was reviewed and 110 companies were selected. In order to test the hypotheses of the research, multivariate regression method was used. The results showed that the economic recession has a significant impact on the components of working capital management, while the shock from the production sector does not affect them considering the role of financial constraints. The results also showed that the economic recession has a positive effect on the ratio of working capital and a negative effect on the cash conversion cycle, and finally that the economic recession, while having a negative effect on performance, is also affected by the shock from the production sector with the moderating role of financial restrictions. Manuscript profile
      • Open Access Article

        3 - Working Capital Behavior of Firms under Economic Recession: Evidence from Tehran Capital Market
        میثم  کاویانی فرشاد بزرگی nikfarjam farzad
        Meysam Kaviani Frshad Bozorgi Farzad Nikfarjam Abstract In the current challenging economy with increasing environmental pressures and limited external resources, current assets and liabilities, i.e., the working capital of economic enterprises, are increasi More
        Meysam Kaviani Frshad Bozorgi Farzad Nikfarjam Abstract In the current challenging economy with increasing environmental pressures and limited external resources, current assets and liabilities, i.e., the working capital of economic enterprises, are increasingly important, and the working capital of economic enterprises can be considered as a competitive advantage for them. The working capital of the company is the amount invested in current assets. Working capital is considered as a life-giving force for every economic unit and its management should be considered as an important function in management. The purpose of this research is to investigate and analyze the working capital behavior of companies under economic recession in Tehran's capital market. For this purpose, the information of the companies in the period of 10 years from 2013 to 2022 was reviewed and 110 companies were selected. In order to test the hypotheses of the research, multivariate regression method was used. The results showed that the economic recession has a significant impact on the components of working capital management, while the shock from the production sector does not affect them considering the role of financial constraints. The results also showed that the economic recession has a positive effect on the ratio of working capital and a negative effect on the cash conversion cycle, and finally that the economic recession, while having a negative effect on performance, is also affected by the shock from the production sector with the moderating role of financial restrictions. Manuscript profile