Synchoronization of the stock price and the role of institutional investors in Tehran Stock Exchange

Subject Areas : Journal of Investment Knowledge

Ali  Najafi Moghadam ¹ (Faculty member, Department of Management and Accounting.Islamic Azad University,Tehran South Branch. [e-mail])

Received: 2017-02-26 Accepted : 2017-05-14 Published : 2017-10-23

Keywords: Institutional investors, synchronization of price, risk falling share prices and ,

Abstract :

Institutional investors as a group of investors because of the huge financial resources play an important role in economic development of the capital market act and an external control mechanisms affecting corporate governance, and institutional investors. The emergence of institutional investors as owners of capital in corporate governance is increasingly important. Institutional shareholders have the potential to influence management activities through an exchange of shares indirectly and directly respectively. On the basis of this study, 42 companies between the years 1389 to 1393 were studied (data for 1388 also is intended to assess the results of 1389). The panel data model relationship between institutional investors with stock prices and the risk of concurrent fall in share prices was determined and it was found that institutional investors and significant negative correlation with share prices and the risk of concurrent fall in prices in the stock market Tehran.

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