Investigating the factors affecting the uncertainty of stock investors based on the uncertainty of macroeconomic factors

Document Type : Original Article

Authors
mahammadreza samaei baghbadorani 1
mohsen dastgir 2
Rahman Saedi 3
1 Deparment of Accounting, Isfahan (Khorasgan) Branch, Islamic Azad University, Isfahan ,Iran
2 professor of accounting, Deparment of Accounting, Isfahan (Khorasgan) Branch, Islamic Azad University, Isfahan ,Iran
3 Department of Accounting, Isfahan(Khorasgan) Branch, Islamic Azad University, Isfahan, Iran
10.22034/jmaak.2025.77706.4304
Abstract
The current research examines the factors affecting the uncertainty of stock investors based on the uncertainty of macroeconomic factors. The current research is descriptive-correlational and the statistical population of the research was the member companies of the Tehran Stock Exchange, which numbered 107 companies between 1388 and 1400 as the basis for the hypothesis analysis. The research hypotheses were tested using the ordinary least squares method and with the help of StatPlus software. The results of the hypothesis test show that the uncertainty of macroeconomic factors has a negative effect on the volume of investors' transactions. In fact, whenever the uncertainty of macroeconomic factors increases, there is a possibility that the volume of transactions will decrease. Therefore, the improvement in the uncertainty of macroeconomic factors can lead to an improvement in the volume of transactions and increase it. Also, considering the significance of the relationship between the uncertainty of macroeconomic factors and the volatility of investors' transactions, it can be concluded that as the uncertainty of macroeconomic factors increases, the volatility of investors' transactions decreases. In fact, in the conditions of economic uncertainty, investment is less and the range of price fluctuations is also at a low level. Also, the improvement of the uncertainty of macroeconomic factors can lead to the improvement of transaction price discovery
Keywords
Uncertainty of investors
uncertainty of macroeconomic factors
volume of transactions
fluctuation of transactions
discovery of transaction price
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