Effect of U.S Dollar Rate Speculation on TSE indexes Reaction

Evidence is presented that a change in the value of the RIAL does not have a significant immediate nor lagged impact on the IRANIAN stock market as a whole. Using abnormal rates of return, Automobiles is the only industrial sector for which a two-year lagged relationship is confirmed. Overall, the rising Rial or the mighty RIAL did not hurt the IRANIAN economy over the 2004-2014 period; it actually improved the stock market performance of several specific industries.

کلیدواژه ها:

Strategic Attitude ، Islamic Culture ، Financial Industry ، managerial perception