Modelling the Block Trades Premium: Focusing on Refining and Petrochemical Companies
Business expansions being engaged in variety of industries in purpose of getting bigger market share, role of corporate governance within the financial decision. One of the important issues in corporate governance is block trading with purpose of control or invest in target firms. If the plan is to...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Allameh Tabataba'i University Press
2021-12-01
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| Series: | Mathematics and Modeling in Finance |
| Subjects: | |
| Online Access: | https://jmmf.atu.ac.ir/article_13849_f59cb0fe64999d80357a8d0bd54115bb.pdf |
| _version_ | 1797386697216884736 |
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| author | Mehran Kaviani Ali Mohammad Ghanbari Moslem Peymany |
| author_facet | Mehran Kaviani Ali Mohammad Ghanbari Moslem Peymany |
| author_sort | Mehran Kaviani |
| collection | DOAJ |
| description | Business expansions being engaged in variety of industries in purpose of getting bigger market share, role of corporate governance within the financial decision. One of the important issues in corporate governance is block trading with purpose of control or invest in target firms. If the plan is to acquire majority of shares and decision making, block trade along with paying premium are of great importance. The purpose of this study is to determine factors affecting on premium of block trading of firms listed in Tehran Stock Exchange or Iran Fara Bourse. Due to the significant impact of companies in refining and petrochemical sectors on whole economy and capital market, this kind of firms should have been considered specially. Multivariate regression and ordinary least squares (OLS) method was used to study the model related to the influential factors on the paid premium of the block trading. Finding of the research shows that financial structure, features of block trading, profitability and efficiency are among factors affecting on premium and also the type of company does not effect on premium. |
| first_indexed | 2024-03-08T22:14:03Z |
| format | Article |
| id | doaj.art-411e3c44df984f34a547b367e5ecb7c0 |
| institution | Directory Open Access Journal |
| issn | 2783-0578 2783-056X |
| language | English |
| last_indexed | 2024-03-08T22:14:03Z |
| publishDate | 2021-12-01 |
| publisher | Allameh Tabataba'i University Press |
| record_format | Article |
| series | Mathematics and Modeling in Finance |
| spelling | doaj.art-411e3c44df984f34a547b367e5ecb7c02023-12-19T05:15:01ZengAllameh Tabataba'i University PressMathematics and Modeling in Finance2783-05782783-056X2021-12-011219522210.22054/jmmf.2021.1384913849Modelling the Block Trades Premium: Focusing on Refining and Petrochemical CompaniesMehran Kaviani0Ali Mohammad Ghanbari1Moslem Peymany2M.A in Finance and Investment in oil & gas, Petroleum University of Technology, Tehran, IranAssistant Professor, Department of Accounting, Petroleum University of Technology, Tehran, IranManagement and accounting, Allameh tabatabai'e universityBusiness expansions being engaged in variety of industries in purpose of getting bigger market share, role of corporate governance within the financial decision. One of the important issues in corporate governance is block trading with purpose of control or invest in target firms. If the plan is to acquire majority of shares and decision making, block trade along with paying premium are of great importance. The purpose of this study is to determine factors affecting on premium of block trading of firms listed in Tehran Stock Exchange or Iran Fara Bourse. Due to the significant impact of companies in refining and petrochemical sectors on whole economy and capital market, this kind of firms should have been considered specially. Multivariate regression and ordinary least squares (OLS) method was used to study the model related to the influential factors on the paid premium of the block trading. Finding of the research shows that financial structure, features of block trading, profitability and efficiency are among factors affecting on premium and also the type of company does not effect on premium.https://jmmf.atu.ac.ir/article_13849_f59cb0fe64999d80357a8d0bd54115bb.pdfregression modelsfinancial ratiostehran stock exchangeiran farabourse |
| spellingShingle | Mehran Kaviani Ali Mohammad Ghanbari Moslem Peymany Modelling the Block Trades Premium: Focusing on Refining and Petrochemical Companies Mathematics and Modeling in Finance regression models financial ratios tehran stock exchange iran farabourse |
| title | Modelling the Block Trades Premium: Focusing on Refining and Petrochemical Companies |
| title_full | Modelling the Block Trades Premium: Focusing on Refining and Petrochemical Companies |
| title_fullStr | Modelling the Block Trades Premium: Focusing on Refining and Petrochemical Companies |
| title_full_unstemmed | Modelling the Block Trades Premium: Focusing on Refining and Petrochemical Companies |
| title_short | Modelling the Block Trades Premium: Focusing on Refining and Petrochemical Companies |
| title_sort | modelling the block trades premium focusing on refining and petrochemical companies |
| topic | regression models financial ratios tehran stock exchange iran farabourse |
| url | https://jmmf.atu.ac.ir/article_13849_f59cb0fe64999d80357a8d0bd54115bb.pdf |
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