نوع مقاله : مقاله پژوهشی
نویسندگان
1 دانشیار گروه حسابداری دانشگاه شهید باهنر کرمان
2 کارشناس ارشد مدیریت مالی
کلیدواژهها
عنوان مقاله English
نویسندگان English
This paper investigated the relationship between market return, firm size and book-to-market value of equity with return of equity in Tehran Stock Exchange (TSE). For this purpose we use Fama-French three factor model (1993) to investigate the effects of market return, firm size and book-to-market value of equity on equity return. We use OLS regression to analyzing the collected of data during 1376 to
1383. Our results indicate a significant relationship between three mentioned variable with equity returns.
The relationship between market return, and firm size with return of equity was positive, and the relationship between book-to-market value of equity with return of equity was negative. Also, our findings indicate that investing in firms with big size and low book-to-market value of equity ratio in TSE has more return for investors.
کلیدواژهها English
| تعداد مشاهده مقاله | 4,421 |
| تعداد دریافت فایل اصل مقاله | 4,996 |
