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   Analysis of the Impact of Economic Growth and Asymmetric Information of Capital Market of Iran on Investors' Confidence  
   
نویسنده Moosavi Abdollah ,Ranjbar Homayoun ,Sameti Majid ,Sharifi-Renani Hossein
منبع Journal Of Money And Economy - 2019 - دوره : 14 - شماره : 1 - صفحه:41 -62
چکیده    The stock exchange, as a part of the capital market, in case of necessary conditions, can mobilize national capital and direct it towards economic growth. a secure environment where managers are working towards stockholders for investment and information asymmetry is considered to be the features of a good business. this research seeks to investigate whether information asymmetry of the financial market and macroeconomic growth can affect investors rsquo; confidence ration. our model is estimated using mgarch for seasonal data of the stock market in iran and the real gdp during the period from 19912016. the findings of the research have shown a significant effect of macroeconomic growth and information asymmetry of the financial market on the investors rsquo; confidence. there is also a twoway gradient relationship between the information asymmetry and the confidence of investors in the short run. there is a cointegration relationship between these three variables.
کلیدواژه Information Asymmetry ,Investors’ Confidence ,Total Stock Price Index ,Economic Growth ,Multivariate Garch
آدرس Islamic Azad University, Isfahan (Khorasgan) Branch, Department Of Economics, Iran, Islamic Azad University, Isfahan (Khorasgan) Branch, Department Of Economics, Iran, Isfahan University, Department Of Economics, Iran, Islamic Azad University, Isfahan (Khorasgan) Branch, Department Of Economics, Iran
پست الکترونیکی sharifi55r@yahoo.com
 
 

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