Investigating the Relation Between Systematic Risk and Efficiency Indicators Based on Pricing the Financial Assets in Companies Accepted in Tehran Stocks
Journal Title: European Journal of Business and Social Sciences - Year 2012, Vol 1, Issue 2
Abstract
The systematic risk (Beta) is one of effective factors in prospecting the stock expected revenue. Given the systematic risk of general stock in various companies, the financial investment is more creditable. Te present paper investigates that is there any positive relation between efficiency indicators (work efficiency and capital indicators) as independent variables, in one hand, and systematic risk (Beta) as dependant variables, in another hand, or not? In order to study this issue, some sample including 102 members, from statistical society of the companies accepted in Tehran stock market, using screening method (systematic elimination) during six years was studied and some items were selected from financial bills up to the february from 2005 to 2010. The data needed from basic financial bills, the communities reports and the other documents existed in Tehran stock market were derived and analyzed using the Pierson correlation and the research hypothesis analyze. The results showed no significant relation between the considered variables. Finally, some suggestions on the issue are recommended.
Authors and Affiliations
Babak Jamshidinavid| Kermanshah Branch, Department of accounting, Islamic Azad University, Kermanshah, IRAN, Peyman Akbari| Department of Management, Payame Noor University, I.R. of IRAN, MojtabaChavoshani| Ghasr-E-Shirin Branch, Department of accounting, Islamic Azad University, Ghasr-E-Shirin, Kermanshah, IRAN
Keywords
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