The Effect of Knowledge (Especially in the Field of Economic and Commerce) on Iran's Capital Market

To achieve a long run and continuous economic growth, it’s necessary to equip and allocate resources optimally at the national level. On the other hand, it is impossible to achieve this goal easily unless one uses the benefits of financial markets, especially an expanded and efficient capital market. In a healthy economy, an efficient financial system may play an important role in the appropriate distribution of capital and financial resource. Different studies indicate that despite of the importance of capital market, households don’t have strong tendency to maintain stock and, therefore, they ask why most of the households don’t participate in the capital market. Regarding the importance of the topic, the present study considers the effect of individuals' knowledge and awareness on their participation in the capital market of Iran before their entrance to it and acquiring the first experience of stock purchasing. The study in progress is a descriptive research which provides a survey of work on the investors. To collect data, it is tried to use a cluster Accidental sampling done is two stages. It is worth nothing that 268 questionnaires were completed in Tehran and five other stock exchanges such as Tabriz, Mashhad, Isfahan, Sari and Karaj. The results of a test done based on the spearman Rank-Order correlation coefficient (SRCC) and Analysis of variance (ANOVA) show that individual's education and that of their spouse may influence their participations in the capital market of Iran.

Capital market, Participation in the Capital Market, Investor’s Education.