Investigating the Impact of Financial, Economic, Political and International Risks on Tehran Stock Exchange Index Using Method ARDL

Subject Areas : Journal of Investment Knowledge

Sareh Pahlavan ¹ , Ali Najafi Moghadam ² , , Ghodratollah Emamverdi ³ , Roya Darabi ⁴

1 - Ph.D Student, Department of accounting, South Tehran Branch, Islamic Azad University, Tehran, Iran
2 - Department of accounting, South Tehran Branch, Islamic Azad University, Tehran, Iran
3 - Department of Economic, Central Tehran Branch, Islamic Azad University, Tehran, Iran
4 - Associate Professor, Department of Accounting, South Tehran Branch, Islamic Azad University, Tehran, Iran

Received: 2018-06-21 Accepted : 2020-10-23 Published : 2022-03-21

Keywords: economic risk, Financial Risk, International risk, Political Risk,

Abstract :

Risks and hazards in the economic context of a country can affect the country's economic indicators and have a reason for the growth or decline of the index .Risk can be explained as a factor that upsets the balance and changes the situation In emerging economies, one of the concerns of economists is to control existing risks to reduce costs and increase the growth of economi indicatorsIn this study, the effect of financial, economic, international and political risks on the total index of the stock exchange is examined, which, while examining the presence or absence of impact, examines the direction of impact. For this purpose, the modelARDL Quarterly data for the years 1388 to 1398 were used The results in the short and long term are that financial risk has a negative impact on the index and economic and international risk have a positive effect in the short term and in the long term financial risk and economic risk are also negative but international risk. It has a positive effect

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