文章基本信息

标题：Investigating the effects of liquidity and exchange rate on Tehran Stock Exchange
本地全文：下载
作者：Younos Vakil Alroaia ; Khosro Faghani Makrani ; Amir Banagozar 等
期刊名称：Management Science Letters
印刷版ISSN：1923-9335
电子版ISSN：1923-9343
出版年度：2014
卷号：4
期号：8
页码：1865-1870
DOI：10.5267/j.msl.2014.6.043
出版社：Growing Science
摘要：This paper presents an empirical investigation to study the effects of two macroeconomic factors; namely exchange rate and liquidity on stock index. The proposed study was applied in Iran and on major index of Tehran Stock Exchange over the period 2001-2011. They reported that the currency exchange maintained negative impact on stock exchange for the period of investigation. This is due to the fact that when currency devalued, working capital decreases and firms did not enough money to purchase raw materials, pay wages, etc. In addition, liquidity marinated a direct and positive relationship with exchange index. However, the impact of liquidity seems to be bigger than currency exchange.
关键词：Tehran Stock Exchange; Liquidity; Exchange rate