Document Type : Research Paper

Authors

1 Faculty member, Islamic Azad University (Izeh Branch) and PhD student in Management, Isfahan University

2 PhD student in Management, Isfahan University

Abstract

This study tries to examine the efficiency of Tehran Stock Exchange and identify factors that can improve this efficiency. The methodology of this research, based on its nature and objectives, is descriptive-analytic. Based on the research objectives, the best way to collect the required data was questionnaire. Also, using independence tests (so run test) we examined weak form of efficiency in Tehran Stock Exchange. Our results do not confirm the weak form of efficiency of capital market in Tehran stock exchange. In order to identify the factors that can improve the efficiency of Tehran Stock Exchange, in addition to analyzing expert opinions, the method of factor analysis has been used. And to determine the degree of importance of different factors, we used Entropy technique. The results show that market information system is the most important one. In addition, some practical recommendations are suggested in this paper.

Keywords

منصوری، حسین (1387)، بررسی شکل ضعیف کارایی بازار سرمایه در بورس اوراق بهادار تهران، پایان­نامه کارشناسی ارشد، به راهنمایی دکتر غلامرضا بردبار، دانشکده اقتصاد، مدیریت و حسابداری دانشگاه یزد.
ناطقی، محبوبه (1385)، بررسی کارایی در سطح ضعیف در بورس اوراق بهادار تهران (مطالعه زیرمجموعه­های بازار). پایان­نامه کارشناسی ارشد، به راهنمایی دکتر حسن قالیباف اصل، دانشکده علوم اجتماعی و اقتصاد دانشگاه الزهرا.
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