Volume 14, Issue 1 (Winter 2019)                   J. Mon. Ec. 2019, 14(1): 41-62 | Back to browse issues page

XML Print


Download citation:
BibTeX | RIS | EndNote | Medlars | ProCite | Reference Manager | RefWorks
Send citation to:

Moosavi S A, Ranjbar H, Sameti M, Sharifi-Renani H. Analysis of the Impact of Economic Growth and Asymmetric Information of Capital Market on Investors' Confidence. J. Mon. Ec.. 2019; 14 (1) :41-62
URL: http://jme.mbri.ac.ir/article-1-360-en.html
1- Isfahan (Khorasgan) Branch, Islamic Azad University
2- Isfahan University
Abstract:   (1350 Views)
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’ 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 1991-2016. The findings of the research have shown a significant effect of macroeconomic growth and information asymmetry of the financial market on the investors’ confidence. There is also a two-way gradient relationship between the information asymmetry and the confidence of investors in the short run. There is a cointegration relationship between these three variables.
Full-Text [PDF 853 kb]   (1565 Downloads)    
Type of Study: Original Research - Theoric | Subject: Economics
Received: 27 Dec 2018 | Accepted: 13 Oct 2019 | Published: 12 Nov 2019

Add your comments about this article : Your username or Email:
CAPTCHA

Rights and permissions
Creative Commons License This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

© 2022 All Rights Reserved | Journal of Money And Economy

Designed & Developed by : Yektaweb