The relationship between banks’ financial corruptions news and banks’ stock price and subsidiaries firms
Author(s):
Article Type:
Research/Original Article (دارای رتبه معتبر)
Abstract:
Financial corruption has a profound effect on economic growth, the optimal allocation of resources and active decision-makers of the capital market. The main purpose of the present research is to investigate the relationship between the publication of financial corruption news on stock prices of banks and their affiliated companies. In order to collect data, the library method and the historical information in the stock exchange library and stock trading prices at the TSETMC site were used during the period from the beginning of 2011 to the end of 2017. The hypothesis test has been used in 14 news stories using the paired comparison test method for 25 banks and 17 companies that have been admitted to Tehran Stock Exchange or OTC in Iran. The results of the research indicate that there is no significant relationship between the publication of financial corruption news and stock prices of the respective banks, also this relationship has been no significant in relation to the stock prices of subsidiaries of banks and other banks accepted in Tehran Stock Exchange or OTC in Iran.
Keywords:
Language:
Persian
Published:
Journal of Investment Knowledge, Volume:10 Issue: 38, 2021
Pages:
81 to 103
https://magiran.com/p2286964
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