Trading option, subsidiary selling option and performance of Performance of investment funds and investment companies with DID approach

Subject Areas : Financial Knowledge of Securities Analysis

amir heidarian yazdeli ¹ , محمد اسماعیل فدایی نژاد ² , rezvan hejazi ³

1 - Ph.D. Student in Financial Management, Department of Financial Management and Research branch, Islamic Azad University, Tehran, Iran
2 - Associate Prof. Of Financial Management, Accounting Faculty of Management and Accounting, Shahid Beheshti University, Tehran, Iran
3 - Professor Accounting Department, Al-Zahra University, Tehran, Iran

Received: 2022-05-07 Accepted : 2022-05-07 Published : 2022-02-20

Keywords: Derivative Financial Instrumen, Trading option, Subordinate selling option, Mutual Funds and Investment Co, Difference-in-Difference Appro,

Abstract :

Trading options first entered the stock market in 1973, and since then there has been increasing growth in their market; So that in the current era of trading options in many markets around the world are being traded and bought and sold. In this study, Trading options and subordinate sales options were examined. Therefore, in this study, Trading options, Subordinate selling options and the performance of mutual funds and investment companies were examined with a dual differences approach. For this research, a sample of 38 investment companies and 244 investment funds of Tehran Stock Exchange were selected using sampling method. This research was conducted for the period 1393 to 1399. The statistical method used in this research is multivariate regression method using data panel method and "Difference-in-Difference". The results of this study showed that: the issuance of subordinated stock options and the issuance of stock options increase the performance of mutual funds and investment companies and also increase the performance of mutual funds and investment companies at times when companies The bonds issued by the subordinate stock are higher than when the companies issued the bonds.  

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