ABERDEEN, S.D.?–?Dr. Eman Momeni, assistant professor of accounting at Northern State University, recently had his work published in the Afro-Asian Journal of Finance & Accounting.
His article, “The impact of an emerging market’s microstructure legislations on market efficiency: evidence from Iran,” looks at how new trading rules on the Tehran Stock Exchange influenced both pricing efficiency and investor behavior. The research focused on four key areas — tick size, lot size, minimum order value, and base volume — and compared market data before and after those rules went into effect.
Momeni found that updating market microstructures can strengthen the pricing process and lead to more efficient markets. These results, he said, are especially valuable for policymakers and investors working in emerging economies.
“This publication contributes to a deeper understanding of how legislation shapes financial systems and complements my broader research on corporate governance and financial transparency,” Momeni said. “This perspective helps students grasp both the challenges of international markets and the influence that regulations have on how investors act.”