Analytical Comparison between the Financial Ratios of Companies listed on the Tehran and Istanbul Stock Exchange

the purpose of this study is to compare selected financial accounting ratios of companies listed on the Tehran stock exchange with those of a matched sample of companies listed on the Istanbul stock exchange. 10 financial ratios including profitability, leverage, activity, and liquidity ratios were compared in 7 groups of different industries of these countries. 159 Iranian companies during 1389 to 1391 (solar calendar) and 84 Turkish companies during 2010 to 2012 were selected as samples. First the Kolmogorov- Smirnov was used to examine the normality of the data. Then in order to test the research hypotheses, a t test or Mann- Whitney test for two independent populations were used. In general, the results indicated that the leverage, activity, and liquidity ratios of the Turkish companies were higher than those of the Iranian companies, although, the profitability ratio is higher for the Iranian companies.

کلیدواژه ها:

analytical comparison ، financial ratios ، Tehran stock exchange ، Istanbul stock exchange