ISSN: 2225-8329
Open access
The purpose of this paper is improvement of technology concepts, understanding, traditional and electronic stock trading. This paper illustrates the role of information technology on capital market development. Appropriate applying of IT will be stake for developing electronic trading processes. No doubt, the cultural, understanding IT concepts and applying of this will increase stock market efficiency. In this paper have been tried to examine the role of IT on stock market development with review of research literature and prior researches. In the end of article, after explain of prior researchers findings have been presented the solutions for IT development in stock market.
Ashraf, M. A., & Joarder, H. R. (2009). The Effect of Information Technology on Stock Market Trade Volume and Volatility: Case for Dhaka Stock Exchange in Bangladesh, Technical Report, AU J.T. Vol. 12, No. 4, pp: 265-270.
Bahrami, A. (2008). The impact of information and communication technology development on stock market expansion (Iran's study case), MA thesis, university of Isfahan (in Persian).
Bart, H., & Jovanovic, B. (2000). The Information Technology Revolution and Stock Market: Evidence. Working Paper 7684.
Bharadwaj, A., Kei,l M., Mähring, M. (2007). Effects of information technology failures on the market value of firms, Journal of Strategic Information Systems. Vol, 18 . pp: 66–79.
Greenwood, J., & Jovanovic, B. (1999). The Information-Technology Revolution and the Stock Market, Aea Papers and Proceeding , Vol. 89, NO. 2, pp:116-122.
Hosseini, A. (2003). Lacks underdevelopment of development planning, meeting challenges and prospects of development (in Persian).
Hovav, A., & D’Arcy, J. (2005). Capital market reaction to defective IT products: The case of computer viruses, Computers & Security, Vol. 24, pp: 409- 424.
Jafari, A. (2011). Fundamentals of investing in the stock market, Kiumars Publications, Third Edition (in Persian).
Kummerow, M., & Chan Lun, J. (2005). Information and communication technology in the real estate industry: productivity, industry structure and market efficiency, Telecommunications Policy Vol, 29, pp: 173–190.
Levine, R. (1997). Financial development and economic growth: views and agenda, Journal of economic literature, Vol. 65, No. 2, pp: 688-726.
Loa, S. H. K., & Lieb, T. (2008). Selection of communication technologies: A perspective based on information richness theory and trust, Technovation, Vol. 28, pp: 146–153.
Lucas, H. C., Jr., Oh. W., Simon, G., Weber, B. W. (2002). information technology and the new York stock exchange’s strategic resources from 1982-1999, cis-2002-08.
Narcyz, R., & Roland, H. W. (2009). Stock market reaction to information technology investments: towards an explanatory model, ECIS 2009, pp: 883-894.
Ngassam, C. H., & Gani, A. (2002). Effect of Information and Communications Technology on Stock Market Development: Evidence from Emerging Markets and High-Income Economies, International Journal of Economic Development, Vol., No. 1.
Singh, A., Singh, A., Wieisse, B. (2000). Information Technology: Venture Capital and The Stock Market, Cambridge University Press, pp: 156-189.
Toivonen, M., Smedlund, A., Järvenpää, E. (2007). The Impacts of Information Technology on the Stock and Flow of a Firm’s Intellectual Capital, IGT.
Wallis, P. (2005). Internet Psychology, translation of b.Ohadi, and F. Ghanadi, published Sun, Isfahan (in Persian).
In-Text Citation: (Faghani et al., 2013)
To Cite this Article: Faghani, F., Habibi, S., Tabatabaee, S. M., Razavi, L., & Emadzadeh, M. K. (2013). The Role of Information Technology on Stock Market Development. International Journal of Academic Research in Accounting Finance and Management Sciences, 3(1), 343–350.
Copyright: © 2021 The Author(s)
Published by HRMARS (www.hrmars.com)
This article is published under the Creative Commons Attribution (CC BY 4.0) license. Anyone may reproduce, distribute, translate and create derivative works of this article (for both commercial and non-commercial purposes), subject to full attribution to the original publication and authors. The full terms of this license may be seen at: http://creativecommons.org/licences/by/4.0/legalcode