Evaluation of the association between company performance and Iran’s stock market liquidity
Journal Title: Advances in Mathematical Finance and Applications - Year 2018, Vol 3, Issue 2
Abstract
This research studies the companies’ effectiveness and performance relationship with stock market liquidity in Tehran Stock Exchange during 2010-2015. Simultaneously, in the study, the three indicators: return on assets, return on investment and Tobin's Q ratio were applied as a measure of the performance and bid-ask spread as a measure of liquidity, bid-ask spread to the stock market. This research has a practical purpose and descriptive correlation in research nature and also post-event research. The under study population comprises all companies accepted in Tehran Stock Exchange during the intended period, 198 companies selected with systematic elimination sampling to be studied and analyzed. The results show a positive and significant association between companies’ performance and Stock market liquidity.
Authors and Affiliations
Zahra Amirhosseini, Sadegh Hadipour
Keywords
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- EP ID EP459917
- DOI 10.22034/AMFA.2018.540831
- Views 111
- Downloads 0
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