Identification and ranking of factors affecting dynamic trading program in Iran's capital market

Subject Areas : Financial Economics

Mahmoud Nosrati Ghazvininejad ¹ , Asgar Pakmaram ² , Nader Rezaei ³

1 - PhD student, Department of Financial Engineering, Maragheh Branch, Islamic Azad University, Maragheh, Iran
2 - Associate Professor, Department of Accounting, Bonab Branch, Islamic Azad University, Bonab, Iran
3 - Assistant Professor, Department of Accounting, Bonab Branch, Islamic Azad University, Bonab, Iran

Received: 2023-02-16 Accepted : 2024-11-18 Published : 2025-01-05

Keywords: dynamic transactions, capital market, stock market,

Abstract :

The purpose of this research is to identify and ranking the factors affecting the dynamic trading program in the Iran's capital market. In order to achieve the goals of the research, the opinions of 16 stock experts in the Tehran Stock Exchange Organization and investment companies as well as academic professors were used by using the non-random judgmental method until the theoretical saturation stage. The current research was conducted using the mixed exploratory research method in qualitative and quantitative sections. At first, in the qualitative section, open coding was done using the content analysis method and line-by-line analysis of the interviews. During the coding section, 34 items were obtained as primary concepts from the text of the conducted interviews, which were categorized in the form of 9 sub-categories and three main categories including underlying, interventionists and strategies factors. In the quantitative section of the research, the views of the experts were analyzed through the questionnaire tool, and then the data was analyzed using the fuzzy hierarchical process, and the priority of the components in each of the main categories was determined. The results showed that the underlying factors include time analysis, pattern analysis (trend) and price analysis, respectively; Intervening factors include trading psychology, focus on short-term or long-term returns, and liquidity; And the strategies also include comprehensive risk and profit management, comprehensive analysis and precise identification of entry and exit points.

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