A Comparative and Qualitative Study on Capital Market Stabilization Funds and Providing Alternative Practical Model

Subject Areas : Financial Knowledge of Securities Analysis

Meysam  hamedi ¹ (Master of Financial Management, Imam Sadiq University, Tehran, Iran)
Meysam  Doaeei ² (Department of Financial Management, Esfrain Branch, Islamic Azad University, Esfrain, Iran)
vahid  Ahmadian ³ (Assistant Professor, Department of Economics, Management and Accounting, University of Tabriz, Tabriz, Iran, (corresponding author))

Received: 2022-08-27 Accepted : 2022-11-26 Published : 2023-05-22

Keywords: financial stability, Market Stabilization Fund, capital market, Fund of Fund,

Abstract :

After the severe price fluctuations in the capital market in 2019 and the increase in the activity of the stabilization fund in the country's capital market, doubts were raised about the way of interference and conflict of interests in the activity of this fund.In this research, Iran's capital market stabilization fund has been studied in terms of its nature, function, disclosure, and type of sources, applying a comparative approach with market stabilization funds in China, Germany, and Bangladesh. Then, by referring to the opinions and comments of experts and academicians, defects, problems, and deficiencies of the capital market stabilization fund have been identified and the optimal alternative status has been drawn. The findings of this research, which was conducted by a qualitative method and integration of comparative study and in-depth interviews with experts, indicate that the optimal method for capital market stabilization fund investments is the indirect method through financial institutions. On this basis, the proposed research model is presented in the form of a conceptual model with the aim of providing a suitable alternative solution for fund intervention in the capital market.

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