Designing and Explaining the Pricing Model of Securities
Author(s):
Article Type:
Research/Original Article (دارای رتبه معتبر)
Abstract:
One of the securities designed to fill the gap created by the elimination of bonds in the Islamic financial market is interest-bearing securities that can help the quantitative and qualitative development of the financial market by using legally authorized contracts. The purpose of this study was to design and explain the pricing model of securities with a capital raising approach. This research is a descriptive research in terms of developmental-applied type and in terms of nature. In this study, using the statistical population that includes Islamic securities issued in OTC Iran and the study sample including interest and rent sukuk, which is in the period of 1393 to 1398, the data collected from the new tools of OTC Iran and Tehran Stock Exchange is evaluated. To test the main hypothesis of the research, a regression model is first introduced. The basic model presented in the present study is to estimate the expected rate of return on profit, is estimated and then tested. . The results show that all the studied variables have a significant effect on the pricing of securities. An increase in nominal value raises the price of securities, but in reality the real value of securities decreases with inflation, which is quite evident in the model of the negative effect on pricing.
Keywords:
Language:
Persian
Published:
Accounting & Auditing Studies, Volume:12 Issue: 45, 2023
Pages:
5 to 22
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