Sharif Digital Repository

We study intraday patterns of trading volume, size, return, and volatility using the Tehran Stock Exchange high frequency data from 2008 to 2015. Intraday test results indicate that trade size and volume follow a J-shape behavior, whereas return and return volatility exhibit an L-shape pattern. To examine the behavior of informed traders as predicted by Barclay and Warner’s (1993), we examine midsize volume and find that it has a higher price impact compared to other trade sizes, which is consistent with the predictions of Barclay and Warner’s (1993) stealth-trading hypothesis. However, our findings do not support the intraday stealth trading pattern, as insiders prefer to trade in low and... 

In the business context, the normative criteria by which moral status of individuals and organizational decision making and actions are evaluated are extracted from a recently developed discipline called the business ethics. There are various successful and unsuccessful theoretical frameworks to formulate or describe ethical norms in the business context such as consequentialism, utilitarianism, egoism, principlism, virtuism, and deontological ethics. In this dissertation, moral issues commonly raised in the economic and political system of capitalism have been investigated from a deontological point of view through the notion of “Kantian Capitalism” that was initially coined by the... 

Study of "Strategic Renewal" by means of "Organizational Learning's processes" was the main intention of this research. At first, we reviewed strategic renewal and organizational learning literature to have better knowledge of relationships between them. 4i Model considered as a base for our research. Tehran Information Technology Organization (TITO) was selected as a case study environment because of many strategic changes, it had in recent years. We designed a qualitative research method for studying 4i model and relationships between strategic renewal and organizational learning, based on research method used previously for testing 4i model. Accordingly, some considerable outcomes... 

The thesis attempts to investigate one of the factors influencing enterprise innovation, namely, innovation cooperation, its types and its diversity by using the data of about 2,500 companies in different fields of industry of national innovation survey that had been collected in 1395 hijri. In this research, firstly, by reviewing the literature on the field of innovative cooperation and the performance of enterprise innovation, the model of the association of colleagues with innovation performance has been extracted. In the following, it answers to this question is whether the cooperation with colleagues is essentially affecting the innovation performance of Iranian firms or not? The... 

As far as reliable supply and cost-effective methods of power delivery to end-users are concerned, new advancements in smart grids and, in particular, smart pricing are of high significance to grid operators. In the recent decade, there has been a considerable raise in penetration of renewable energy resources and also the number of hybrid electric vehicles which can act as a huge mobile storage in the network. Hence, finding a practical and cost-effective method of management of all these new resources and avoiding potential problems associated with them seems to be of high importance. In this study, first, the response of demand to pricing signals has been modeledAfterwards, the response... 

Development of science and technology has been a main focus of Iranian policy makers in recent years. Knowledge based companies have been considered as a key player in this respect. However, Iranian policy making system is suffering from a lack of sophisticated understanding rooted in empirical evidences of critical factors influencing the performance of domestic knowledge based companies. This dissertation aims to provide an initial ground by studying the organizational capabilities which have influenced the success of such firms and comparing them with organizational capabilities which are mentioned in the related literature. For this purpose, four companies which are supposed to be... 

Land subsidence is a gradual settling or sudden sinking of the land surface from changes that take place underground. There are different causes of land subsidence; most notably, groundwater overdraft and severe weather conditions. Subsidence of the land surface due to ground water overdraft is caused by an increase in the intergranular pressure in unconsolidated aquifers, which results in a loss of buoyancy of solid particles in the zone dewatered by the falling water table and accordingly compaction of the aquifer. In this study, an experimental approach was developed to examine applicability of Microbially induced carbonate precipitation (MICP) for land subsidence control under... 

Microbially-induced calcium carbonate precipitation is a low-cost, environmentally friendly, novel ground improvement technique that has received much attention in recent years. Most studies on biological soil stabilization have investigated the mechanical and hydraulic behavior of soils in dry and saturated conditions. However, the behavior of soils stabilized by this method in the unsaturated state should be of immense concern through the extent of unsaturated soils in nature. Therefore, this study aims to investigate the effects of microbially-induced calcium carbonate precipitation on the soil-water retention curve and changes of small strain shear modulus of unsaturated cemented and... 

Black holes are theoretically significant because they are (ideal) entities fully described by just three properties: mass, charge, and spin. Their importance also stems from their unique status as spacetime entities with universal properties, including the event horizon and—when including the singularity—representing the boundary of space and time. Beyond their spacetime properties, black holes are also thermodynamic systems. Their behavior requires a theory that integrates both spacetime and thermodynamics. A black hole is something that requires both a theory of spacetime and a theory of thermodynamics to describe and explain its behavior. A consistent description of time, spacetime, and... 

In this study an internal combustion rotary (Wankel) engine and its specifications is analyzed and the proper lubrication system is described. The acceleration acting on apex seals, and engine speed fluctuations together with the leading and trailing cells gas pressure forces are analyzed in the present work using the second Newton law. The research shows that cell gas pressure effects are important and inclusion of these effects will provide results which are more compatible with the reality and lead to a much more accurate analysis of the system. Theoretical calculations reveal that gas cell pressure forces represent about 78% of the overall calculated force and ignoring these pressure... 

In this paper we empirically explore the bank lending channel and firm borrowing channel in Iran. Using the Embezzlement Scandal of 2011 as an instrumental variable for change in banks’ lending behavior, we identify the effect of credit constraints on borrowers’ performance. We use the firm-bank level data of short term loans from 2007- 2014 to maintain the goal. Results show that the banks’ lending behavior changes as a result of embezzlement shock and the borrowers’ performance get affected respectively. We show that the troubled banks reduce their lending by about 2.35 percent as compared to non-troubled ones. The results suggest that 10 percent decrease in loan supply, reduces the firms’... 

Volatile organic compounds are major cause of air pollution. In this work, Nano porous material named MIL-101(Fe), MIL-53(Fe), MIL-101(Fe) and MIL-88(Fe) as an adsorbent for the removal of ethyl benzene have been synthesized hydrothermally. The materials were characterized by Fourier-transform infrared (FT-IR) spectroscopy, Surface Analysis Systems (ASAP), and x-ray diffraction (XRD) analysis. Adsorption isotherms of ethyl benzene on the materials were measured experimentally in case of 0-1000ppm concentration of ethyl benzene in air and pressure 1 atmosphere. The mixture of air and VOC (ethyl benzene) with concentration of 100, 250, 500 and 1000 ppm and flow rate of 400, 1030, 1525 and 2025... 

In Naming and Necessity and Identity and Necessity, Kripke convinced many that there are necessary propositions which are knowable only a posteriori. Kripke’s examples of these propositions can be placed into three categories: 1) Some mathematical propositions like Goldbach’s conjecture (the conjecture that every even integer greater than 2 can be expressed as the sum of two primes) 2) Scientific truths like “Water is H2O”, “Gold has the atomic number 79”, etc. 3) Identity statements flanked on both sides with proper names; like “Hesperus is Phosphorus”, “Cicero is Tully” and the like (in the rest of this article, these three categories will be called, respectively, the first, the second and... 

In his Mind, Brain and Free Will, Swinburne introduces a new argument for substance dualism based on the synchronic unity of humans’ conscious experiences. He argues that the human body cannot be the substance of such a synchronic unity, and that this coexperiencing property, which is a mental property, is the essential property of the human substance: hence our substance is a mental substance. After providing a careful explanation of Swinburne’s subtle argument, I first try to demonstrate that it is metaphysically possible that the brain itself could instantiate such a synchronic unity without the need to presume another substance. Then I shall argue that it is unclear how to infer the... 

This dissertation consists of three chapters. In the first chapter, a description of formation of Darwin's theory of Evolution is expressed. After that, the process of formation of modern theory of Evolution, along with an explanation of the theory of evolution and the evidence for it was mentioned. In the second season, which is responsible for the scientific study of the theory, at some point the evidence of this theory has been reviewed. After that, some of the challenges raised against this theory have been studied. The major scientific challenges described in this chapter is based on recent advances made in biology, based on that, the mechanism of theory can’t explain the complex... 

Wilfrid Stalker Sellars (1912-1989) is an analytic philosopher whose philosophy is famous for being deep, systematic and extremely influential and notorious for being difficult to read. Although he has many original and interconnected ideas in different branches of philosophy- including metaphysics, epistemology, philosophy of mind, ethics, philosophy of language and meta-philosophy- the place of science in his system is completely indispensable. In his meta-philosophy, Sellars defines his philosophical project as an attempt to reconcile two distinct world-views of humanity in the modern word; scientific image and manifest image. Approaching Sellars’ philosophy by placing science at the... 

Michael Zimmerman in his book Living with Uncertainty has objected to two views of moral obligation, namely objective and subjective view. Two overcome these problems he suggests a third view which he calls prospective view and tells us that our moral obligation is determined by the prospection that each of our choices give us. In this thesis first I review Zimmerman’s objections to objective and subjective view. Then I try to suggest a solution for the objective view