• ISSN: 2010-023X (Print)
    • Abbreviated Title: Int. J. Trade, Economics and Financ.
    • Frequency: Quaterly
    • DOI: 10.18178/IJTEF
    • Editor-in-Chief: Prof.Tung-Zong (Donald) Chang
    • Managing Editor: Ms. Shira. W. Lu
    • Abstracting/ Indexing:  Crossref, Electronic Journals Library , EBSCO
    • E-mail: ijtef.editorial.office@gmail.com
IJTEF 2011 Vol.2(5): 363-370 ISSN: 2010-023X
DOI: 10.7763/IJTEF.2011.V2.132

Evaluation of Investment Strategies in Iranian Stock Market

Mohammad E. Ezazi, Mostafa. Farrokhi Ostad, and Mojtaba. Farrokhi Ostad

Abstract—The main reason for studying investment strategies by financial experts is investor’s inability to analyze the available information and lack of expertise in capital markets. Therefore researchers have classified investment strategies from different approaches. One of the most common categories that has been done on this classification, is passive strategies, active strategies and momentum investing. Each of these strategies can be divided into sub-strategies so this means that in advanced capital markets investors don’t need to analyses and select their own stocks, but they need to specify their interest and Preferences which is determined through a specific questionnaire. This mater makes trading in Stock Exchange attractive and cause rational behavior of investors in the market. In This paper we have tried to examine concepts in four major hypotheses. Our Statistical sample is companies listed in Tehran Stock Exchange between (2006-2010).We excluded companies due to high financial leverage, damaging, low trading and inactive situation as well as investment companies. To study research’s main and sub research hypothesis we used two independent-samples T- Test to compare a sample. The Research conclusion indicated that performance of active and passive investment strategies in Tehran Stock Exchange have not any meaningful difference, although the average investment efficiency of passive investment strategies is more than active.

Index Terms—Active, Capital Market, Investing Strategy, passive, Performance.

Dr.Mohammad E. Ezazi , Assistant Professor in the University of Sistan and Baluchestan, Iran.
Mostafa. Farrokhi Ostad, M.SC of Business Management, University of Sistan and Baluchestan, Iran (Corresponding author; Tel.:+989158196388 ; email: mostafafarokhy@gmail.com).
Mojtaba. Farrokhi Ostad, M.SC of Business Management, University of Sistan and Baluchestan , Iran (email: mojtabafarokhy@yahoo.com).

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Cite:Mohammad E. Ezazi, Mostafa. Farrokhi Ostad, and Mojtaba. Farrokhi Ostad, "Evaluation of Investment Strategies in Iranian Stock Market," International Journal of Trade, Economics and Finance vol.2, no.5, pp. 363-370, 2011.

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