TY  - JOUR
T1  - Investigating the Role of Financial Institutions in the Development of
Capital Market in Iran
AU - Darabi, Roya AU - Nemati Koshteli, Reza AU - Khalafi, Nastaran 
JO  - International Business Management
VL  - 10
IS  - 28
SP  - 6307
EP  - 6312
PY  - 2016
DA  - 2001/08/19
SN  - 1993-5250
DO  - ibm.2016.6307.6312
UR  - https://makhillpublications.co/view-article.php?doi=ibm.2016.6307.6312
KW  - Financial institutions
KW  -time series
KW  -ARDL Model
KW  -Iran capital market
KW  -hypothesis
AB  - Financial markets have a key role in mobilizing and channeling funds towards sectors of the economy
and industry and thus improve economic growth, as according to some economists, development of financial
markets is economic growth thrusters of countries. In this study, the role of financial institutions in the
development of capital market in Iran is studied. Therefore, to do research, data and time-series regression
model are used to test the hypothesis of the distribution.The results of tests show that, firstly, financial
institutions has a direct role in the development of stock exchanges in the Tehran Stock Exchange and
secondly, financial institutions have a direct role in increasing the play value of the rial in Tehran Stock
Exchange. Therefore, it can be concluded that there is a significant positive relationship between the
development of financial institutions and the stock market’s development.
ER  -