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The effect of government size on yields and stock prices in the Tehran Stock Exchange
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Akbar Rahimipoor   1, Hedyeh Mir2 , Seyyed abdulmajid Jalaee3 |
1- PhD student in Accounting, Alborz Campus, University of Tehran (Corresponding author)
2- Member of young researchers club and sirjan elite, Islamic azad university, sirjan, iran
3- Professor of faculty of economics. Shahid bahonar university, kerman,iran |
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Abstract: (3100 Views) |
Without government intervention, grow and achieve high levels of economic wealth is not achievable. Communities where a relatively high level of economic activity has been monopolized by the state, due to bureaucracy, rent-seeking, corruption and inefficiency, have failed to achieve significant economic growth. Easier to say that the involvement of zero or one hundred percent of the state's economy each different reasons to restrict economic growth. Today, unlike in the eighties, economists on issues such as the size of the optimal size of government and small government are concentrated.
This study aimed to measure the effect of government size on yields and stock prices in the Tehran Stock Exchange has been done. For comparison, Italy has also been studied. The results show that the size of government in Iran, the stock also increases efficiency and size of government in Italy although higher stock return is negative.
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| Keywords: size of government, stock prices, stock returns |
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Full-Text [PDF 704 kb]
(663 Downloads)
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Article type: Research |
Subject:
Special
Received: 2017/11/1 | Accepted: 2020/03/9 | Published: 2020/03/19
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