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      • Open Access Article

        1 - Jurisprudential Investigation on Forward and Futures Contracts
        Ehsan Aliakbari Baboukani Vahid Moqadam Reza Abbaspour
        One of the main concerns of investors in the capital market entry, is the fear of unpredictable increase or decrease of prices. In this situation, the new financial instruments such as futures contracts because of its effective role in risk management and risk control c More
        One of the main concerns of investors in the capital market entry, is the fear of unpredictable increase or decrease of prices. In this situation, the new financial instruments such as futures contracts because of its effective role in risk management and risk control can be useful in reducing these concerns. So it will increase the efficiency of capital markets. The writers in this paper want to explain the forward and futures contracts and its legal nature, then attempt to check its compliance with Islamic contracts and legal norms. And then, the Jurisprudential verdict of the forward and futures contracts, in the primary and secondary markets and alternative solutions is expressed. It seems that the best way to correct forward and futures contracts is the conciliation contract. Using of this contract has no problem in primary and secondary markets because it is an independence contract and is not merely for settlement of disputes and quarrels and is applicable in all situations. Manuscript profile
      • Open Access Article

        2 - Investigating the effects of investment banks index on Iran Stock Exchange price index
        Abbas Papizadeh Palangan Nemat Falihi Shahriar Nesabian
        AbstractAn investor bank is a financial organization that acts as an intermediary between the securities issuing company and the purchasing community. And since most companies are financed through the issuance of securities and this method has a significant contribution More
        AbstractAn investor bank is a financial organization that acts as an intermediary between the securities issuing company and the purchasing community. And since most companies are financed through the issuance of securities and this method has a significant contribution to the development of the country's financing system, the role of investment banks in the securities issuance process is very important. The main purpose of this article; Identifying the indicators of investment banks in the public and private sectors is based on the stock price index. The scope of the research is between 1390 and 1400, to collect statistical information from primary market, secondary market and financing data (Omid Capital, Amin Capital, Maskan Bank Capital, Mellat Bank Capital, Tamadon Capital, Sepehr Capital, Kardan Capital Financing, Lotus Parsian Capital Financing, Novin Capital Financing) have been used as effective indicators of investment banks and the short-term investment rate of investment banks and the stock price index. The method of analysis of this research is self-regression econometric model (panel). Using Fisher's exact test and Johansen co-integration test, static and long-run relationships of variables were examined. There is a level of 0.95 between the variables; Then, using shock analysis and analysis of variance, it was shown that among the effective indicators of investment banks (initial public offering) in public and private banks, the most impact is on the stock price index. Manuscript profile