THE EFFECT OF THE INITIAL PUBLIC OFFERING ON PRICE INDEX OF TEHRAN STOCK EXCHANGE

Journal Title: Asian Journal of Management Sciences and Education - Year 2017, Vol 6, Issue 4

Abstract

This study aims to investigate the effect of initial public offerings (IPOs) on the total price index of Tehran Stock Exchange (TEPIX). For this purpose, the data of 74 companies for the period of December 2008 to the end of March 2014 is collected. Least squares were used to test the hypotheses. The results indicate that there is a significant relationship between market sign, the real value of stock and leverage ratio with TEPIX, while there is no significant relationship between underpricing and TEPIX.

Authors and Affiliations

Seyed Mohammad Alavinasab

Keywords

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  • EP ID EP341636
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How To Cite

Seyed Mohammad Alavinasab (2017). THE EFFECT OF THE INITIAL PUBLIC OFFERING ON PRICE INDEX OF TEHRAN STOCK EXCHANGE. Asian Journal of Management Sciences and Education, 6(4), 109-117. https://europub.co.uk/articles/-A-341636