study about influence of companies financial factors: on volume of them shares traded in tehran stock exchange

نویسندگان

قدرت‎اله طالب نیا

استادیار دانشگاه آزاد اسلامی (واحد علوم و تحقیقات تهران ) محمود زارع نیکو پرور یزدی

کارشناس ارشد حسابداری (عضو هیئت علمی دانشگاه آزاد اسلامی واحد یزد)

چکیده

the aim of this research is study about influence of companies financial factors on volume of them shares traded in tehran stock exchange and classification of these financial factors on the basis of their effect on volume of shares traded. first, the relation of each above financial factors and “rial amount of trading volume” has studied separately. so it is used of correlation coefficient and lineal regression. financial factors with meaningful relation of “rial amount of trading volume” according to their preference, are: 1-eps 2-dps 3-level of liquidity 4-risk of shares in previous year 5- average of yield in last year 6-increasing of capital by companies 7-price trend in last year 8-price fluctuation in each year 9-yearly yield. at next stage, effect of financial factors on “rial amount of trading volume” in presence of other financial factors has studied by using “backward regression” to determine which financial factors can have more effect on volume of shares traded in stock exchange in presence of other financial factors. the results show that, most effective financial factors are: 1-eps 2- risk of shares in previous year 3- p/e 4-level of liquidity 5- yearly yield 6- price trend in last year. by attention to result of this research financial factors influence on volume of shares traded in stock exchange (r2 =./4). but, this influence is not same between financial factors. in all, suggest to investors in stock exchange that use from financial factors. specially, use from eps, dps, p/e, level of liquidity, risk and yield of shares.

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عنوان ژورنال:
تحقیقات مالی

جلد ۱۲، شماره ۲۹، صفحات ۰-۰

کلمات کلیدی
the aim of this research is study about influence of companies financial factors on volume of them shares traded in tehran stock exchange and classification of these financial factors on the basis of their effect on volume of shares traded. first the relation of each above financial factors and “rial amount of trading volume” has studied separately. so it is used of correlation coefficient and lineal regression. financial factors with meaningful relation of “rial amount of trading volume” according to their preference are: 1 eps 2 dps 3 level of liquidity 4 risk of shares in previous year 5 average of yield in last year 6 increasing of capital by companies 7 price trend in last year 8 price fluctuation in each year 9 yearly yield. at next stage effect of financial factors on “rial amount of trading volume” in presence of other financial factors has studied by using “backward regression” to determine which financial factors can have more effect on volume of shares traded in stock exchange in presence of other financial factors. the results show that most effective financial factors are: 1 eps 2 risk of shares in previous year 3 p/e 4 level of liquidity 5 yearly yield 6 price trend in last year. by attention to result of this research financial factors influence on volume of shares traded in stock exchange (r2 =./4). but this influence is not same between financial factors. in all suggest to investors in stock exchange that use from financial factors. specially use from eps dps p/e level of liquidity risk and yield of shares.

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