Assessing the Relation and Analyzing Effects of Selected Non-Stock Exchange Investments on Attractiveness of Investment in Tehran Stock Exchange (TSE)

In this paper, we intends to find the answer to two important questions; 1. Is there any significant relationship between selected & important non-stock exchange investments and investment in stock exchange? 2. Does selected non-stock exchange investments affect attractiveness of the stock excha...

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Bibliographic Details
Main Authors: Ali Asghar Anvari Rostami, Behrouz Lari Semnani
Format: Article
Language:fas
Published: Allameh Tabataba'i University Press 2007-12-01
Series:Faslnāmah-i Pizhūhish/Nāmah-i Iqtisādī
Online Access:https://joer.atu.ac.ir/article_3038_fdb5d6a0fa9949a21a8bd7194d280573.pdf
Description
Summary:In this paper, we intends to find the answer to two important questions; 1. Is there any significant relationship between selected & important non-stock exchange investments and investment in stock exchange? 2. Does selected non-stock exchange investments affect attractiveness of the stock exchange? For this aim four kinds of such investments have been selected; 1. Investment in monopolized governmental products offering to public (Mobile Cimcard); 2. Investment in a kind of bond (cooporation security); 3. Investment in bank deposit; and 4. Investment in real assets (real estate) so as to assess the relations between them and the main indexs of attraction; “Liquidity” and “Capitalization” in Tehran Stock Exchange. The four-sided results shows: 1. Forward selling of Cimcard affects significantly both indexs of attraction. Significant relation between real assets (real estate) and liquidity have observed but not with capitalization. Investment in bank deposit has shown significant relation with both liquidity and capitalization. Issuing cooporation security hasn’t shown significant relation with them.
ISSN:1735-210X
2476-6453