Journal of Accounting and Management Vision

Journal of Accounting and Management Vision

The relationship between liquidity, financial leverage, sales growth and actual cost with price volatilities and stock returns on companies listed on the TSE

Document Type : Original Article

Authors
mohammadreza basetirad 1
shohreh yazdani 2
1 Department of Accounting, Damavand Branch, Islamic Azad University, Damavand, Iran. (Author)
2 damavand
Abstract
Abstract:
The company's performance is influenced by various factors that have a great impact on their success or failure. In this paper, we study the relationship between liquidity, financial leverage, sales growth and cost with price volatilities and stock returns on companies listed on the Tehran Stock Exchange. The research method is descriptive-correlational. It has also been post-event research since the historical data of companies has been used.
The statistical population includes all companies listed on the TSE. The model has been examined on the financial statements of 123 companies during the period 2011 to 2017. Results show that there is a significant relationship between liquidity, financial leverage, sell growth and stock price volatilities.
The adjusted coefficient for price volatilities and price returns are 0.207 and 0.368, respectively. Furthermore, the results show that the mentioned variables have a higher impact on stock returns than stock price volatilities.
Keywords
"Liquidity"،"Financial Leverage"،
"Sales "