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Paper Information

Journal:   FINANCIAL KNOWLEDGE OF SECURITY ANALYSIS (FINANCIAL STUDIES)   FALL 2014 , Volume 7 , Number 23; Page(s) 13 To 28.
 
Paper: 

THE RELATIONSHIP BETWEEN THE SIZE OF THE GOVERNMENT AND TEHRAN,S STOCK EXCHANGE MARKET PERFORMANCE

 
 
Author(s):  PEDRAM M., HORRI A.*
 
* ISLAMIC AZAD UNIVERSITY, SCIENCE AND RESEARCHES UNIT, AHVAZ BRANCH, AHVAZ, IRAN
 
Abstract: 

This study aims to measure government size's effect on Tehran stock market performance. To reach our goal we use Arbitrage Pricing Theory for specify a function to explain behavior of stock price. We use quarterly data covering 1998 to 2011. Other variables that have been used consist of Consumer Price Index (CPI), money stock, land price, exchange rate and industrial production index. Long run relation that has been obtained by Auto Regressive Distributed Lags (ARDL) show that government size has significant negative effect on stock price. Other results show that money stock, land price and exchange rate have significant and negative effect on stock price, too. However CPI positively affects dependent variable.

 
Keyword(s): BOURSE, GOVERNMENT SIZE, ARBITRAGE PRICING THEORY
 
 
References: 
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Click to Cite.
APA: Copy

PEDRAM, M., & HORRI, A. (2014). THE RELATIONSHIP BETWEEN THE SIZE OF THE GOVERNMENT AND TEHRAN,S STOCK EXCHANGE MARKET PERFORMANCE. FINANCIAL KNOWLEDGE OF SECURITY ANALYSIS (FINANCIAL STUDIES), 7(23), 13-28. https://www.sid.ir/en/journal/ViewPaper.aspx?id=408125



Vancouver: Copy

PEDRAM M., HORRI A.. THE RELATIONSHIP BETWEEN THE SIZE OF THE GOVERNMENT AND TEHRAN,S STOCK EXCHANGE MARKET PERFORMANCE. FINANCIAL KNOWLEDGE OF SECURITY ANALYSIS (FINANCIAL STUDIES). 2014 [cited 2021May10];7(23):13-28. Available from: https://www.sid.ir/en/journal/ViewPaper.aspx?id=408125



IEEE: Copy

PEDRAM, M., HORRI, A., 2014. THE RELATIONSHIP BETWEEN THE SIZE OF THE GOVERNMENT AND TEHRAN,S STOCK EXCHANGE MARKET PERFORMANCE. FINANCIAL KNOWLEDGE OF SECURITY ANALYSIS (FINANCIAL STUDIES), [online] 7(23), pp.13-28. Available: https://www.sid.ir/en/journal/ViewPaper.aspx?id=408125.



 
 
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