A Study of Stock Return Cointegrationbetween Bank and Credit Institution and Chemical Products Industry in Tehran Stock Exchange

Journal Title: Journal of Science and today’s world - Year 2014, Vol 3, Issue 5

Abstract

In this study the relationship between Stock Return Integration between bank and credit institutions and chemical products industry in Tehran Stock exchange has been investigated. The sample of the study was selected from bank and credit institutions and chemical products industry during 2006 to 2013. For testing hypotheses related to the selected hypotheses in addition to statistical descriptive analyses, inferential analysis is also used and considering the type of scale, the data collected and the main aim of the study multivariate regression was used for analysis.After fitting regression model the related statistics were analyzed and then significance test βhas been carried out for each independent variable.In the present study, for investigating cointegration between return between bank and credit institutions and chemical products industry in Tehran Stock Exchange Engle-Granger method and for determining the stationary of variables Augmented Dickey Fuller method has been used. The hypotheses were studied in proportionate to the two industries and finally in all models a significant relationship was found between the returns of bank and credit institutions and chemical products industry and cointegrationwas confirmed between the returns of these two industries.

Authors and Affiliations

seyed farshid masoumi, Reza Tehrani, saeed shirzadi

Keywords

Related Articles

Using Fuzzy decision making for increased reliability in Grid Computing

Grid concept is the extensive network of high computational power that can be connected to the Internet. This network consists of computers and supercomputers that can process data at a very high speed processing. The c...

Modal Analysis of a Semi-Closed Impeller of Centrifugal Water Pump

Centrifugal pump impellers are high speed rotating components vulnerable to vibrations resulting in the failure of the system pump eventually. A modal analysis of the impeller is very important in the design and develo...

Comparison of Homespun Poems in Constitutional (Mashrute) Era

Analyzing and comparison of home-made poems is a recent and efficient method which has nor drawn attention in our literature. Due to importance of home-made poems and constitutional era poets’ position who, truly, had...

Measuring organizational commitment and sociological factors affecting it; (Case Study: Arvand Free Zone employees)

Based on sociological theories, this article attempts to study the relationship between organizational commitment and variables such as (employee training, motivation at work, job security, organizational commitment, job...

Evaluation of U.S - Japan relations and policies against China as an emerging power in Asia -Pacific

Certainly, the most important parts of the world which has always been regarded by U.S is Asia – Pacific. Considering its own interests, U.S has always established military presence in this region, which has had adverse...

Download PDF file
  • EP ID EP29447
  • DOI -
  • Views 309
  • Downloads 3

How To Cite

seyed farshid masoumi, Reza Tehrani, saeed shirzadi (2014). A Study of Stock Return Cointegrationbetween Bank and Credit Institution and Chemical Products Industry in Tehran Stock Exchange. Journal of Science and today’s world, 3(5), -. https://europub.co.uk/articles/-A-29447