Development of capital market plays an important
role in financial development and therefore economic development in the
country. The basic function of capital market is to transfer financial
resources from their owners to production and service. This function
leads to business progress and employment.
The Efficiency of capital market is impossible
without the necessary institutions. Most of these institutions haven’t
been established in the capital market of Iran. This problem is one of
the major causes for underdevelopment in this section of economy.
Investment bank is a typical example in such institutions.
In this dissertation, investment banking is defined
and a brief history of it is mentioned and the experience of some
countries such as the United States has briefly been described. Then the
necessity of establishing investment banks in Iran is reviewed and some
related problems and difficulties are stated.
The Instruments of data collection in this research
are library studies and interview with experts in financial markets and
institutions and the law experts.
To conclude some solutions for the stated problems
and difficulties are suggested.
Banking , Capital Market , Primary Market , Underwriting , financing
company , Initial Public Offering(IPO) , Financial Consultation