اختيار معامله، اختيار فروش تبعي و عملكرد صندوق‌هاي سرمايه‌گذاري و شركت‌هاي سرمايه‌گذاري با رويكرد تفاوت‌هاي دوگانه

Trading option, subsidiary selling option and performance of Performance of investment funds and investment companies with DID approach

قراردادهاي اختيار معامله براي اولين بار در سال 1973 ميلادي به بازار سرمايه راه يافتند و ازآن‌پس رشد روزافزوني در بازار آن‌ها به وجود آمد؛ به‌طوري‌كه در عصر فعلي اختيار معامله‌ها در بازارهاي زيادي در اقصي نقاط جهان در حال مبادله و خريدوفروش هستند. در اين تحقيق اختيار معامله و اختيار فروش تبعي موردبررسي قرار گرفتند. بنابراين در اين تحقيق به بررسي اختيار معامله، اختيار فروش تبعي و عملكرد صندوق‌هاي سرمايه‌گذاري و شركت‌هاي سرمايه‌گذاري با رويكرد تفاوت‌هاي دوگانه پرداخته شد.

Trading options first entered the stock market in 1973, and since then there has been increasing growth in their market; So that in the current era of trading options in many markets around the world are being traded and bought and sold. In this study, Trading options and subordinate sales options were examined. Therefore, in this study, Trading options, Subordinate selling options and the performance of mutual funds and investment companies were examined with a dual differences approach. For this research, a sample of 38 investment companies and 244 investment funds of Tehran Stock Exchange were selected using sampling method. This research was conducted for the period 1393 to 1399. The statistical method used in this research is multivariate regression method using data panel method and "Difference-in-Difference". The results of this study showed that: the issuance of subordinated stock options and the issuance of stock options increase the performance of mutual funds and investment companies and also increase the performance of mutual funds and investment companies at times when companies The bonds issued by the subordinate stock are higher than when the companies issued the bonds.