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The Role of Financial Intermediaries in Capital Market

Author

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  • Mahdi Salehi

    (Zanjan University, Zanjan, Iran)

Abstract

In the recent years, a growing of theoretical and empirical literature has developed a paradigm in which the extent of financial intermediation and the rate of economic growth are endogenously determined. Financial intermediaries emerge to reduce the information asymmetries, extending corporate control, risk management and mobilizing saving. In this paper the authors came to conclusion that although the Iranian financial intermediaries play very important role in economic, it is not much sufficient. It should be also provided foreign financial intermediaries for practicing in Iranian business sectors.

Suggested Citation

  • Mahdi Salehi, 2008. "The Role of Financial Intermediaries in Capital Market," Zagreb International Review of Economics and Business, Faculty of Economics and Business, University of Zagreb, vol. 11(1), pages 97-109, May.
    • Handle: RePEc:zag:zirebs:v:11:y:2008:i:1:p:97-109
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    Cited by:

    1. Salehi Mahdi, 2012. "The Relation of Working Capital and Fixed Assets: a Study," Folia Oeconomica Stetinensia, Sciendo, vol. 11(1), pages 47-60, January.
    2. Florentina Istrate, 2018. "Impact of Asymmetric Information on the Investment Decision," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 8(2), pages 287-294, April.
    3. Hyeladi Stanley Dibal & Habila Abel Haruna & Chinyere C. Onyejiaku & Ogbole Friday Ogbole & Josaphat Uchechukwu J. Onwumere, 2024. "Pension Fund Investments and Capital Market Development in Nigeria: The Moderating Role of Inflation," Global Journal of Emerging Market Economies, Emerging Markets Forum, vol. 16(2), pages 248-269, May.

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