Asset Liquidity, Stock Liquidity and Investment Decisions

  • سال انتشار: 1395
  • محل انتشار: اولین کنفرانس بین المللی دستاوردهای نوین پژوهشی در مدیریت،حسابداری و اقتصاد
  • کد COI اختصاصی: AMCONF01_153
  • زبان مقاله: انگلیسی
  • تعداد مشاهده: 659
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نویسندگان

Niloofar Rezaei

Employees of Isfahan city electricity distribution companies

چکیده

Risk of stock liquidity can be known as one of the factors intervened in determining the expected return of investors. Determining a criterion based on characteristics of the firm which can help fordetermining the stock liquidity can result in suitable decision making of investors. The main purpose ofthe present research is to examine the relationship between asset liquidity, stock liquidity and effect of investment policies and financing decisions on this relationship in firms listed in Iran Capital Market. The present research is a descriptive correlation. The sample group consists of 99 firms listed in Tehranstock exchange that their data were collected and analyzed for an 8-year period (2006-2013). Zero return criterion has been used to measure stock liquidity. Asset liquidity has been calculated via weighted liquidity of assets. The research hypotheses have been tested via regression models and theresults from hypotheses testing indicate that there is a significant and direct relationship between asset liquidity and stock. Further, results indicate that there is less significant relationship between asset liquidity and stock liquidity in the firms with higher growth opportunities and there is more significant relationship between asset liquidity and stock liquidity in the firms with higher financing limitation

کلیدواژه ها

asset liquidity, stock liquidity, investment decisions

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