بررسی رابطه بین نوسانات قیمت ارز دیجیتال با شاخص سهام، نقدشوندگی سهام و حجم معاملات سهام
محورهای موضوعی : سرمایه‌گذاری
محمد رضا رجایی
1
,
مریم امامی میبدی
2
*
1 - گروه حسابداری، واحد شاهین شهر، دانشگاه آزاد اسلامی، شاهین شهر، ایران.
2 - گروه حسابداری، واحد شاهین شهر، دانشگاه آزاد اسلامی ، شاهین شهر، ایران
کلید واژه: حجم معاملات سهام, شاخص سهام, نقدشوندگی سهام, نوسانات قیمت ارز دیجیتال.,
چکیده مقاله :
هدف: این پژوهش بررسی رابطه بین نوسانات قیمت ارز دیجیتال با شاخص سهام، نقدشوندگی سهام و حجم معاملات سهام در بورس اوراق بهادار تهران است. روش‌شناسی پژوهش: نمونه آماری این پژوهش متشکل از از 105 شرکت از بین شرکت‌های پذیرفته‌شده در بورس اوراق بهادار تهران در طی سال‌های 1393 لغایت 1401 می¬باشد. برای تجزیه و تحلیل داده¬ها و آزمون فرضیه¬ها از مدل‌های رگرسیون چند متغیره به روش داده¬های ترکیبی استفاده شد. یافته‌ها نتایج حاصل از پژوهش نشان داد، که بین نوسانات قیمت ارز دیجیتال، نقدشوندگی سهام، حجم معاملات سهام و شاخص قیمت سهام شرکت¬ها در بورس اوراق بهادار رابطه مثبت و معناداری وجود دارد. بنابراین، از آنجایی که نوسانات نرخ ارز دیجیتال باعث افزایش نقدشوندگی سهام، حجم معاملات سهام و شاخص قیمت سهام می¬گردد، لزوم درنظرگرفتن تغییرات افزایشی نقدشوندگی سهام، حجم معاملات سهام و شاخص قیمت سهام در شرایط افزایش نوسانات نرخ ارز دیجیتال توسط بنگاه¬ها با هدف افزایش سود و یا افزایش سرمایه و همچنین افراد به منظور مدیریت سبد دارائی ضروري است. اصالت / ارزش‌افزوده علمی: پژوهش¬های صورت گرفته در رابطه¬ی ارزهای دیجیتال در ایران بیشتر در مورد تئوری و ترجمه ادبیات نظری پیرامون ارزهای دیجیتال بوده و توجه اندکی به رابطه و تاثیر نوسانات نرخ ارز بر شاخص، قیمت، نقدشوندگی وحجم معاملات سهام در بورس اختصاص داده شده است.
Purpose: This research is to investigate the relationship between digital currency price fluctuations with stock index, stock liquidity and the volume of stock transactions in Tehran Stock Exchange. Research methodology: The statistical sample of this research consists of 105 companies from among the companies admitted to the Tehran Stock Exchange during the years 2013 to 2014. To analyze the data and test the hypotheses, multivariate regression models were used using the combined data method. Findings The results of the research showed that there is a positive and significant relationship between digital currency price fluctuations, stock liquidity, stock trading volume and stock price index of companies in the stock exchange. Therefore, since digital currency rate fluctuations increase the liquidity of stocks, the volume of stock transactions and the stock price index, it is necessary to consider the increasing changes in the liquidity of stocks, the volume of stock transactions and the stock price index in the conditions of increasing fluctuations in the digital currency rate by companies. It is necessary for the purpose of increasing profits or increasing capital, as well as people in order to manage the asset portfolio. Originality/scientific added value: The researches conducted in relation to digital currencies in Iran are more about the theory and translation of theoretical literature about digital currencies and pay little attention to the relationship and impact of exchange rate fluctuations on the index, price, liquidity and volume of stock transactions in The exchange is assigned.
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