International Journal of Multidisciplinary Research and Development

International Journal of Multidisciplinary Research and Development


International Journal of Multidisciplinary Research and Development
International Journal of Multidisciplinary Research and Development
Vol. 3, Issue 9 (2016)

The impact of information and communication technology on the assets of mutual funds in G-7 countries


Naser Sanoubar, Parisa Khodayari

In recent decades, the financial markets have experienced tremendous changes. The dominant effect of certain financial intermediaries, notably banks has reduced gradually with the advent of new intermediaries and new financial instruments and there has created a special place for intermediaries such as mutual funds and exchange trade funds. Rather than simply being depositors and relying on low bank profit, however, many bank customers have been willing to invest in such funds despite its higher risk to earn more profit. On the other hand, the development of information and communication technology has increased investors tendency to invest in funds due to reduced uncertainty which is raised by asymmetric information. Considering the growing impact of investment funds on financial and economic development of countries, however, this study aimed to investigate the impact of information and communication technology on the assets of mutual funds in G-7 countries in 1999-2014. For this purpose, the panel data method was used for examining the hypothesis of relationship between Information and communication technology and development of mutual funds market. The findings showed that the information and communication technology impacted positively on the assets of mutual funds in G-7 countries.

Classification JEL: G11, G23, O16, O33, O57.

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How to cite this article:
Naser Sanoubar, Parisa Khodayari. The impact of information and communication technology on the assets of mutual funds in G-7 countries. International Journal of Multidisciplinary Research and Development, Volume 3, Issue 9, 2016, Pages 246-249
International Journal of Multidisciplinary Research and Development International Journal of Multidisciplinary Research and Development