Identifying and Explaining the Effect of Exchange Rates, Short-Term and Long-Term Interest Rates on the Stock Returns of Banks Admitted to the Tehran Stock Exchange
Author(s):
Article Type:
Research/Original Article (بدون رتبه معتبر)
Abstract:
The purpose of this research is to identify and explain the impact of exchange rates, short-term and long-term interest rates on the stock returns of banks admitted to the Tehran Stock Exchange. The research method is descriptive-analytical. Also, in this research, due to the fact that the studied variables refer to the past, it is retrospective. The research method is experimental because past data is used. The statistical population of this research includes all member companies of Tehran Stock Exchange. The sampling method is systematic elimination or screening. In this research, using the ARDL method (Vector Explanatory Limit with Extended Interval), the estimated model was investigated using time series data and the time period of 1372-1392. The research results showed that; The effect of exchange rate variable on stock returns is positive and significant, and the effect of short-term interest rate, long-term interest rate and inflation rate variables on stock returns is negative and significant.
Keywords:
Language:
Persian
Published:
Journal of Management, Economics and Entrepreneurship Studies, Volume:4 Issue: 2, 2023
Pages:
55 to 64
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