Explaining the Role of Privatization on the Depth and Width Indexes of Tehran Stoke Exchange

Subject Areas :

Parisa Terazhani ¹ , Seyed Ali Nabavi Chashemi ² , Erfan Memarian ³

1 - دانشجوی کارشناسی ارشد دانشگاه آزاد اسلامی واحد علوم و تحقیقات مازندران ،گروه مدیریت مالی
2 - استادیار دانشگاه آزاد اسلامی واحد علوم و تحقیقات مازندران گرایش مدیریت نالی
3 - استادیار دانشگاه آزاد اسلامی واحد علوم و تحقیقات مازندران گرایش مدیریت مالی

Received: 2015-09-26 Accepted : 2015-09-26 Published : 2014-03-21

Keywords: Privatization, Development of Stock Exchange, Depth Stock Exchange, Width StockExchange, Performance Stock Exchange,

Abstract :

One of the hot issues andtoday's topics on the Iran economy these days is the subject assignment to the government`s administrative systems, particularly state enterprises and giving space to private sector of activities. Nowadays few other countries can be found in the world that who are not implementing the privatization program,and dare to be said that privatization is one of the most important of economic components in the twenty-first century.The privatization isthe process of administrative,financial and legal that governments in many countries to reform their economic and administrative systemsmake it executable. In The present study we looking for to examine the impact of privatization on the depth, breadth and efficiency indicators of the Tehran Stock Exchange stock market,that which are indicators of stock market development, we are. The population of this study, all companies listed in Tehran Stock Exchange during the period 1384 to 1390 is. And To investigate the relationship between stock market development and privatization of the combined regression model was used. The results of the 81 companies selected as the sample is taken from a seven-year period. The results also showed that privatization has a positive and significant relationship with depth index Stock Exchange, However, no significant correlation between performance indicators and width.