The impact of technological improvement on the turnover of the capital market (Case Study Tehran Stock Exchange)

Mohammad Esmaili Adargany¹ Esmail Bagheri²

1) Financial engineering graduate student of Islamic Azad University Dehaghan Branch
2) faculty member of Islamic Azad University Dehaghan Branch

IOI Code : XYCH-AECBA
Publication : 3rd International conference on Management , Economics and Humanities(icmeh.org)
Abstract :
    The main purpose of this study, technology development (system-on-line trading) and its positive impact on the Tehran stock exchange transactions on a daily basis during 1386-1393 in this study, the dependent variable: turnover and independent variables: price, respectively, stock and size. The results of the analysis of 24 companies,¬ including 42063 daily data ,which are using multivariate regression model in%95 confidence level show The turnover in period 89/6-93 (online system) rather the period 86-89/6 (before the online system) has increased and This indicates that technology development had a positive effect on these variable.

Keywords : prices respectively of stock size online trading system turnover