The effect of regulatory mechanisms on the financial behavior of investors

The formality, transparency, and legality of the market are some of the most important characteristics of stocks compared to other investment markets. The emergence of phenomena such as price bubbles in the stock market, the existence of excessive fluctuations in the stock price, and more or less th...

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Main Authors: Hadis Javanmard, Ahmad khodamipour, Omid pourheidari
Format: Article
Language:fas
Published: Securities Exchange 2025-04-01
Series:فصلنامه بورس اوراق بهادار
Subjects:
Online Access:https://journal.seo.ir/article_11420_e1eb69f1ee47ca607a533964f1c41291.pdf
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author Hadis Javanmard
Ahmad khodamipour
Omid pourheidari
author_facet Hadis Javanmard
Ahmad khodamipour
Omid pourheidari
author_sort Hadis Javanmard
collection DOAJ
description The formality, transparency, and legality of the market are some of the most important characteristics of stocks compared to other investment markets. The emergence of phenomena such as price bubbles in the stock market, the existence of excessive fluctuations in the stock price, and more or less the reaction of investors to new information, is against the efficient market theory. Monitoring and creating confidence for investors is one of the most important areas of capital market consolidation and development. The reason for not making the right decisions can be attributed to the weakness of the tools and laws of the capital market supervisory institutions. The stock exchange organization supervises the companies through supervisory mechanisms. In this research, the mechanisms of the base volume, the scope of the fluctuation range, and the propagation of internal control weakness have been studied. The statistical population of this research consists of companies admitted to the Tehran Stock Exchange, in which we investigated the effect of regulatory mechanisms on the financial behavior of investors. After analyzing the data collected from 2016 to 2021, the results of the hypothesis test of the research showed that the size of the base affects the decision-making of investors. In addition, the analysis of the research data indicates that the publication of the report on the weakness of internal control and the scope of fluctuation does not affect the decision-making of investors.
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spelling doaj-art-a07209962384480d97bc615cb700d28b2025-08-20T02:30:47ZfasSecurities Exchangeفصلنامه بورس اوراق بهادار2228-54312820-98932025-04-01186916521510.22034/jse.2024.12338.220811420The effect of regulatory mechanisms on the financial behavior of investorsHadis Javanmard0Ahmad khodamipour1Omid pourheidari2Ph.D student of accounting, Faculty of Management and Economics, Shahid Bahonar University of Kerman, Kerman, Iran,Professor Department of Accounting, Shahid Bahonar University of Kerman, Kerman, Iran.Professor Department of Accounting, Shahid Bahonar University of Kerman, Kerman, Iran.The formality, transparency, and legality of the market are some of the most important characteristics of stocks compared to other investment markets. The emergence of phenomena such as price bubbles in the stock market, the existence of excessive fluctuations in the stock price, and more or less the reaction of investors to new information, is against the efficient market theory. Monitoring and creating confidence for investors is one of the most important areas of capital market consolidation and development. The reason for not making the right decisions can be attributed to the weakness of the tools and laws of the capital market supervisory institutions. The stock exchange organization supervises the companies through supervisory mechanisms. In this research, the mechanisms of the base volume, the scope of the fluctuation range, and the propagation of internal control weakness have been studied. The statistical population of this research consists of companies admitted to the Tehran Stock Exchange, in which we investigated the effect of regulatory mechanisms on the financial behavior of investors. After analyzing the data collected from 2016 to 2021, the results of the hypothesis test of the research showed that the size of the base affects the decision-making of investors. In addition, the analysis of the research data indicates that the publication of the report on the weakness of internal control and the scope of fluctuation does not affect the decision-making of investors.https://journal.seo.ir/article_11420_e1eb69f1ee47ca607a533964f1c41291.pdfbase volumepublication of internal control weakness reportfluctuation rangeinvestors' decision-making
spellingShingle Hadis Javanmard
Ahmad khodamipour
Omid pourheidari
The effect of regulatory mechanisms on the financial behavior of investors
فصلنامه بورس اوراق بهادار
base volume
publication of internal control weakness report
fluctuation range
investors' decision-making
title The effect of regulatory mechanisms on the financial behavior of investors
title_full The effect of regulatory mechanisms on the financial behavior of investors
title_fullStr The effect of regulatory mechanisms on the financial behavior of investors
title_full_unstemmed The effect of regulatory mechanisms on the financial behavior of investors
title_short The effect of regulatory mechanisms on the financial behavior of investors
title_sort effect of regulatory mechanisms on the financial behavior of investors
topic base volume
publication of internal control weakness report
fluctuation range
investors' decision-making
url https://journal.seo.ir/article_11420_e1eb69f1ee47ca607a533964f1c41291.pdf
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