the relationship between liquidity and stocks return in tehran stock exchange

based on the extent and depth of the market, several investment tools exist. one of the most fundamental issues in investment is assets liquidity, because some of the investors may need their investment financial resources immediately. also, liquidity degree of stocks greatly depends on the volume of trades in stock exchange. in this research, the relationship between stocks turnover rate as liquidity criteria and stocks rate of return in tehran stocks exchange during 1381-1387 has been analyzed. annual time-series data were collected and analyzed with panel data method using eviews software. to do that, after testing the variables, size and b/m value entered the model as control variables. the results showed a positive and significant relationship between coefficient variables of liquidity and stocks rate of return. these results may refer to an increase in the attractiveness of liquidated stocks and also an increase in its demand.