Iranian, in the recent history, faced two major economic crises which were in April 2005 and February 2014. In this paper, we examine whether the risk return relationship as well as the effects of two macroeconomic variables, output growth and inflation, on real stock returns and volatility changed or not due to these crises using three different monthly indices of the Tehran Stock Exchange. We study the effects both for the whole period and the subperiods that we determine regarding the times of the crises using EGARCH-M framework. Our results show that the risk-return relationship changes as the economy moves from one regime to another. Moreover, the crises cause some changes on the relationships between stock returns and macroeconomic va...
Whether inflation affects the stock return has been long debated. This paper aims to investigate the...
This paper decomposes the macroeconomic dynamics into the demand disturbances and supply disturbance...
This paper presents a new perspective on the Fisher hypothesis, which states a positiverelationship ...
This paper presents an empirical investigation to study the effects of macro-economic factors on the...
The present study aims to investigate the effects of macroeconomic variables on stock price crash ri...
The present study investigated the relationship between inflation and stock index at Tehran Stock Ex...
The present study aims to investigate the effects of macroeconomic variables on stock price crash ri...
The present study aims to investigate the effects of macroeconomic variables on stock price crash ri...
The present study aims to investigate the effects of macroeconomic variables on stock price crash ri...
The increasing trend of financial market makes it necessary to study about these markets. Stock mark...
Background: Asset prices, investment choices, and market mood can all be greatly impacted by macroec...
[[abstract]]This paper investigates the roles of macroeconomic variables, i.e., money supply, oil pr...
In this study an attempt has been undertaken so as to establish the relationship between sectoral in...
Abstract The trade-off between risk and return has always been one of the main issues in investment ...
This paper examines the relationship between stock market index and macroeconomic policies (Fiscal a...
Whether inflation affects the stock return has been long debated. This paper aims to investigate the...
This paper decomposes the macroeconomic dynamics into the demand disturbances and supply disturbance...
This paper presents a new perspective on the Fisher hypothesis, which states a positiverelationship ...
This paper presents an empirical investigation to study the effects of macro-economic factors on the...
The present study aims to investigate the effects of macroeconomic variables on stock price crash ri...
The present study investigated the relationship between inflation and stock index at Tehran Stock Ex...
The present study aims to investigate the effects of macroeconomic variables on stock price crash ri...
The present study aims to investigate the effects of macroeconomic variables on stock price crash ri...
The present study aims to investigate the effects of macroeconomic variables on stock price crash ri...
The increasing trend of financial market makes it necessary to study about these markets. Stock mark...
Background: Asset prices, investment choices, and market mood can all be greatly impacted by macroec...
[[abstract]]This paper investigates the roles of macroeconomic variables, i.e., money supply, oil pr...
In this study an attempt has been undertaken so as to establish the relationship between sectoral in...
Abstract The trade-off between risk and return has always been one of the main issues in investment ...
This paper examines the relationship between stock market index and macroeconomic policies (Fiscal a...
Whether inflation affects the stock return has been long debated. This paper aims to investigate the...
This paper decomposes the macroeconomic dynamics into the demand disturbances and supply disturbance...
This paper presents a new perspective on the Fisher hypothesis, which states a positiverelationship ...