نویسندگان
1 استادیار دانشگاه آزاد اسلامی (واحد علوم و تحقیقات تهران )
2 کارشناس ارشد حسابداری (عضو هیئت علمی دانشگاه آزاد اسلامی واحد یزد)
چکیده
کلیدواژهها
عنوان مقاله [English]
نویسندگان [English]
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.
)