تأثیر کیفیت نهادی در رابطه کنترل فساد با توسعه بازار سهام در کشورهای منتخب
الموضوعات :
1 - گروه حسابداری، واحد ابرکوه، دانشگاه آزاد اسلامی، ابرکوه، ایران.
الکلمات المفتاحية: توسعه بازار سهام, کنترل فساد, کیفیت نهادی, نرخ ارز خارجی,
ملخص المقالة :
هدف: در خصوص گرایش دولت‌ها به توسعه مالی دو دیدگاه وجود دارد. دیدگاه اول، دولت‌ها به حمایت از بخش‌های اعتباری می‌پردازند و با نظارت مناسب در بازارهای مالی، دسترسی بنگاه‌های تولیدی به منابع مالی را تسهیل می‌کنند. دیدگاه دوم، دیدگاه سیاسی نام دارد که بر مبنای آن، دولت‌ها با پیگیری اهداف خویش، منجر به افزایش هزینه‌ها می‌گردد درنهایت باعث، تنزل شاخص‌های توسعه مالی می‌شوند. باتوجه‌به این موضوع، پژوهش حاضر به بررسی عوامل مؤثر بر توسعه بازار سهام با تأکید بر کنترل فساد و کیفیت نهادی پرداخته است.
روش‌شناسی پژوهش: تحقیق حاضر به لحاظ هدف از نوع کاربردی است. همچنین، این تحقیق در گروه تحقیقات توصیفی-تحلیلی قرار می‌گیرد. داده‌ها به شیوه کتابخانه‌ای جمع‌آوری شده است. سطح تحلیل، کشورهای منتخب است. برای تحلیل داده‌ها از روش پانل دیتا در نرم‌افزار استتا استفاده شد.
یافته‌ها: نتایج تخمین مدل به روش حداقل مربعات تعمیم‌یافته عملی نشان داده است که کنترل فساد و کیفیت نهادی تأثیر مثبت و معنی‌داری بر توسعه بازار سهام‌دارند و کیفیت نهادی، رابطه کنترل فساد با توسعه بازار سهام را تعدیل می‌کند، به‌نحوی‌که با بهبود کیفیت نهادی، تأثیر کنترل فساد بر توسعه بازار سهام تقویت می‌شود. همچنین، درآمد سرانه تأثیر مثبت و معنی‌داری بر توسعه بازار سهام دارد، درحالی‌که تأثیر نرخ ارز خارجی بر توسعه بازار سهام معنی‌دار نمی‌باشد.
اصالت / ارزش‌افزوده علمی: یافته‌های این پژوهش می‌تواند به کاهش و کنترل فساد با توسعه بازار سهام از طریق کیفیت نهادی منجر گردد.
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