The Role of Financial Intermediaries in Capital Market

Abstract

In the recent years, a growing of theoretical and empirical literature has developed a paradigm in which the extent of financial intermediation and the rate of economic growth are endogenously determined. Financial intermediaries emerge to reduce the information asymmetries, extending corporate control, risk management and mobilizing saving. In this paper the authors came to conclusion that although the Iranian financial intermediaries play very important role in economic, it is not much sufficient. It should be also provided foreign financial intermediaries for practicing in Iranian business sectors.

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