This paper evaluates the effects of financial liberalization on MARKET CAPITALIZATION RATIO, from 1990 to 2008, for a sample of 6 countries. These countries are of the MENA region: Egypt, Oman, Saudi Arabia, Iran Islamic Rep, Jordan, and Tunisia.We used the Foreign Direct Investment as financial liberalization index. The finding shows that financial liberalization spurs MARKET CAPITALIZATION RATIO. Unfortunately this effect is low. Some of reasons are economic instability, visit constraint for foreign investment and securities expansion to them. Economic stability and substructure provisions and precaution for securities expansion to foreign investment are precondition to liberalization.

One of the economic development challenges in recent years is financing problems. In the present circumstance, where banks and financing institutions face many problems in financing businesses and projects, investigating the stock MARKET development factors seems to be necessary. Present research aims at simulating scenarios in the context of factors affecting stock MARKET development in the comparison with banking system. The system dynamics approach has been used in order to develop a dynamic model to simulate the effect of GDP growth rate and interest rate on MARKET CAPITALIZATION (quantitative scenarios), and also investigate the effect of MARKET efficiency, investing culture and knowledge, and MARKET manipulation (structural scenarios). Using Vensim DSS to simulate the scenarios, the validity of the model has been tested under systemic and statistical tests. The results show that increasing GDP growth rate, increase the MARKET CAPITALIZATION over research time horizon, while increasing interest rate results in the decrease of stock MARKET CAPITALIZATION. +3% and-3% change in GDP growth rate results in +13. 6% and-12. 2% change in MARKET CAPITALIZATION. +10% and-10% change in interest rate results in-27% and +44% in MARKET CAPITALIZATION. Changing the endogenous variables by 10% in the demanded way will 80% increase the MARKET CAPITALIZATION in the comparison with base run simulation values. The results of sensitivity analysis shows that MARKET CAPITALIZATION is more sensitive to changes of endogenous variables than macroeconomic variables.

Several Studies Show the positive relationship between stock MARKET development and economic growth. These studies confirm that stock MARKET development can boost economic growth and emphasis on bilateral relationship between economic growth and stock MARKET development at long term but there is only one way relationship between these tow factor, which means growth rate can create stock MARKET development. This paper investigates the impact of stock MARKET and banks on economic growth using a panel data set for period 1990-2007. Results suggest a positive relationship between several indicators as MARKET CAPITALIZATION RATIO, total value of shares traded RATIO, turnover RATIO and economic growth both directly and indirectly by boosting private investment behavior.

Financial RATIOs analysis is considered among the most widely used tools for evaluating the performance of companies and investments. In this regard, ROA and ROE RATIOs are among the most important criterias. This study seeks evidence about the role of MARKET CAPITALIZATION in the relationship between return on assets and return on equity with Stock prices and is compared with their book value. This study was conducted on 136 companies listed on the Tehran Stock Exchange between 2008-2016. In order to test hypotheses, we used of 8 multivariate regression. The results indicate that both of RATIOs with book value and MARKET value have a significant and positive relationship with stock prices; But the strength of this relationship is not the same, MARKET value has more strongest relation than book value, return on assets can explain the stock price changes alone and about 66% and Combined return on assets to book value and return on equity to MARKET value have strongest correlation with the stock price changes.

In national economic cycle the financial sector as most important intermediaries in the optimal, allocation of resources is one of the most important elements of economic growth. This sector acts as an accelerator to economic activities towards sustainable development by reducing the cost of resources. In this study, using annual data for 15 developing countries for period 1993-2015, has been examined the effect of banking sector credit and government deficit on the stock MARKET depth. Also, Panel VAR econometric model is used to investigate the relationship between the banking sector credit and deficit shock with the stock MARKET depth indexes. According to results of this study, the reaction of stock MARKET CAPITALIZATION index, stock trade value index and Turnover RATIO index in front of a shock incurred by banks credit to private sector has been positive shock. The government deficit has a positive effect on the stock MARKET CAPITALIZATION index and stock trade value index but has a negative effect on the Turnover RATIO index.

This study aims at the investigation of the impact of intellectual capital on RATIO Economic Value Added to Earning (EVA/Earning) on the other hand it investigates the impact of intellectual capital on RATIO MARKET Value Added to Earning (MYA/Earning). The intellectual capital of companies listed in Tehran Stack Exchange was calculated based on the intangible value model. The research is related to the companies listed in Tehran Stock Exchange, and 69 companies were selected. The data was analyzed through regression in EXCEL spreadsheet, SPSS and Eviews8 software. The results of this study confirmed that there is a significant positive relationship between CVI and EVA/Earning. Regarding the second hypothesis, the significant positive effectiveness of CVI – MYA/Earning was confirmed. According to quantities of high determination coefficient of index EVA/Earning can be better explained, to index MYA/Earning.

This paper is an attempt to analyze the impact of income taxes and MARKET CAPITALIZATION on fixed investment (investment in tangible assets) by manufacturing companies listed on KSE. This paper basically examines that how corporate income taxes affect fixed investment by reducing cash flow available for a firm to invest and how the firm size in the lights of MARKET CAPITALIZATION affects fixed investment by manufacturing companies. As MARKET CAPITALIZATION leads to development and due to this development investment opportunities increase. Estimation is based on pooled regression by employing fixed effect model. The results of the study show that there is positive impact of MARKET CAPITALIZATION and fixed investment while there is negative impact of income taxes and fixed investment by manufacturing companies.