The effect of the return of crypto currencies on the behavior of the total index of the Tehran Stock Exchange

Document Type : Original Article

Authors
Zahra Karampur 1
Massoumeh Latifi Banmaran 2
roya darabi 3
1 Ph.D. Student, Department of Accounting, South Tehran Branch, Islamic Azad University, Tehran, Iran
2 Assistant Professor, Department of Accounting, South Tehran Branch, Islamic Azad University, Tehran, Iran
3 Full Professor, Department of Accounting, South Tehran Branch, Islamic Azad University, Tehran, Iran
10.22034/jik.2025.75095.4391
Abstract
Research problem: The issues and problems in the economy and capital markets have attracted physicists to try to provide suitable solutions to solve the above problems. Today, statistical physics plays a very important role in economics and finance. The application of physics concepts in finance and economy is referred to as financial physics and economic physics respectively.
The main goal of this research was the effect of the yield of crypto currencies on the behavior of the total index of the Tehran Stock Exchange.
Method: The method used in this research is multivariate regression using panel data.
How to conduct the research: To conduct this research, four currencies, Bitcoin, Litecoin, Ethereum and Binance Coin were used. This research was conducted in the period of 1391 to 1401, and monthly data was used to test the research hypotheses.
Conclusion: The results obtained from the research showed that the increase in return on investment in cryptocurrencies has an adverse effect on the return on the stock index in Tehran Stock Exchange, but the increase in return on investment in cryptocurrencies on the abnormality of the declines in the total index of Tehran Stock Exchange. And the desire to withdraw the capital and money of shareholders and actors from the stock market has a direct effect.
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