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The Role Of Macroeconomic Variables In The Stock Market In Iran

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  • Ramin Bashir Khodaparasti

    (Urmia University, Faculty of Economics and Management)

Abstract

Capital and capital markets are important role in any economy. Therefore in this study the role and impact of macro variables in the Iranian stock market is given in. Since the stock market in any country is one of the most important indicators that highlight the economic situation, as important variables in this market analysis is required. In Iran several years ago by the approval and implementation of principle 44 of the constitution of the country's stock market has altered the essential and most state-owned companies were sold. Thus the results of this work can be used for the principle of privatization. Macroeconomic variables used in this work are: inflation, exchange, volume of liquidity in the private sector and index of industrial production. By analyze of variance method, this experimental study actually examines the oscillation in the stock market as oscillations that exist in these four variables between 2007- 2011. Outcome of this analysis shows that the exchange rate and industrial index have more effect on the stock market than inflation and M1.

Suggested Citation

  • Ramin Bashir Khodaparasti, 2014. "The Role Of Macroeconomic Variables In The Stock Market In Iran," Polish Journal of Management Studies, Czestochowa Technical University, Department of Management, vol. 10(2), pages 54-64, December.
    • Handle: RePEc:pcz:journl:v:10:y:2014:i:2:p:54-64
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    References listed on IDEAS

    as
    1. Faris Nasif AL-Shubiri, 2013. "Analysis Of The Relationship Between Economic Forces And Abnormal Stock Return: Empirical Evidence," Polish Journal of Management Studies, Czestochowa Technical University, Department of Management, vol. 8(1), pages 7-15, December.
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    Cited by:

    1. Nurasyikin Jamaludin & Shahnaz Ismail & Syamimi Ab Manaf, 2017. "Macroeconomic Variables and Stock Market Returns: Panel Analysis from Selected ASEAN Countries," International Journal of Economics and Financial Issues, Econjournals, vol. 7(1), pages 37-45.
    2. DITIMI Amassoma & IFEOLUWA Bolarinwa, 2018. "A Time Series Analysis Of The Nexus Between Macroeconomic Fundamentals And Stock Prices In Nigeria," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 13(2), pages 69-91, August.
    3. Muda, Iskandar, 2017. "Erception of capital, profit and dividends affect the stock purchase intention in Indonesia public company," MPRA Paper 83588, University Library of Munich, Germany.
    4. Cordelia Onyinyechi Omodero & Sunday Mlanga, 2019. "Evaluation of the Impact of Macroeconomic Variables on Stock Market Performance in Nigeria," Business and Management Studies, Redfame publishing, vol. 5(2), pages 34-44, June.
    5. Anthony E. Ageme, 2020. "“Impact of Selected Macroeconomic Variables on Stock Market Development and Banking System Liquidity in Nigeria," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 4(7), pages 107-112, July.
    6. Iskandar Muda, 2017. "Perception Of Capital, Profit And Dividends Affect The Stock Purchase Intention In Indonesia Public Company," Junior Scientific Researcher, SC Research Publishing SRL, vol. 3(1), pages 9-18, May.
    7. Muda, Iskandar, 2017. "Perception of capital, profit and dividends affect the stock purchase intention in Indonesia public company," MPRA Paper 83658, University Library of Munich, Germany.
    8. Iskandar Muda, 2017. "Role of Dividend of Power to Buy Shares in Companies in Indonesia Stock Exchange," Academic Journal of Economic Studies, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 3(2), pages 41-47, June.

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