Investigating the cryptocurrency market and the investor sentiment in the Tehran Stock Exchange

نویسندگان

1 Department of Financial Engineering, University of Tehran, Kish International Campus, Iran

2 Faculty of Management and Insurance, University of Tehran, Tehran, Iran

doi
10.22075/ijnaa.2024.32513.4837
چکیده

This research aims to investigate the cryptocurrency market and investor sentiment in the Tehran Stock Exchange. In this regard, four hypotheses were formulated. To test these hypotheses using the systematic removal sampling method, a sample consisting of 105 companies admitted to the Tehran Stock Exchange from 2017 to 2021 was selected. Multivariate regression models for panel data and quantitative regression models were used to analyze the data and test the hypotheses. The results of the research show that there is a significant relationship between the stock return and volatility of cryptocurrencies and investor sentiment in the Tehran Stock Exchange. In addition, the COVID-19 pandemic has had an impact on the relationship between stock return and volatility of cryptocurrencies and investor sentiment in the Tehran Stock Exchange.