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In this paper we had studied the relationship between social networks and micro (small)-shareholders, also, and we had answered this basic question that whether social networks affect shareholders decisionmaking for entering stock market and selling and buying the shares? If it so, which one has the greater effect? This study is a survey, studied population of which is the shareholders of Tehran stock market; 384 people had been selected randomly and had been questioned. We had analyzed thedoi:10.6007/ijarafms/v4-i1/623 fatcat:uyefkkktxbekriktne23g3rkwm