The Effect of Stock Liquidity on Companies Future Investment: A Study of the Iranian Capital Market
Purpose: This study aimed to measure the impact of stock liquidity on future investment in companies listed on the Tehran Stock Exchange. Methodology: 95 companies from 2012-2019 were selected as the study's sample size for this purpose. The research method is descriptive correlation and multip...
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| Format: | Article |
| Language: | fas |
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Ayandegan Institute of Higher Education, Tonekabon,
2020-11-01
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| Series: | مدیریت نوآوری و راهبردهای عملیاتی |
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| Online Access: | http://www.journal-imos.ir/article_125869_f2da0d77a5d76c21548d5e9a37b28c9a.pdf |
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| author | Zahra Nadafi Mohammd Reza Pourali |
| author_facet | Zahra Nadafi Mohammd Reza Pourali |
| author_sort | Zahra Nadafi |
| collection | DOAJ |
| description | Purpose: This study aimed to measure the impact of stock liquidity on future investment in companies listed on the Tehran Stock Exchange. Methodology: 95 companies from 2012-2019 were selected as the study's sample size for this purpose. The research method is descriptive correlation and multiple regression using the panel-data method to estimate the regression model with panel data and for analysis. Findings: This study showed that stock liquidity negatively and significantly affects the company's future investment. The results show no significant difference between stock liquidity and corporate future investment in large and small companies and companies with information symmetry and information asymmetry. Originality/Value: The size of companies and the speed of information dissemination in the market do not affect the relationship between stock liquidity and future investment, and the market reacts to any information. |
| format | Article |
| id | doaj-art-8930a70fffb24558949449848661eb47 |
| institution | Kabale University |
| issn | 2783-1345 2717-4581 |
| language | fas |
| publishDate | 2020-11-01 |
| publisher | Ayandegan Institute of Higher Education, Tonekabon, |
| record_format | Article |
| series | مدیریت نوآوری و راهبردهای عملیاتی |
| spelling | doaj-art-8930a70fffb24558949449848661eb472025-01-30T14:59:14ZfasAyandegan Institute of Higher Education, Tonekabon,مدیریت نوآوری و راهبردهای عملیاتی2783-13452717-45812020-11-011326928310.22105/imos.2021.272228.1031125869The Effect of Stock Liquidity on Companies Future Investment: A Study of the Iranian Capital MarketZahra Nadafi0Mohammd Reza Pourali1Department of Financial Management, Ayandegan Institute of Higher Education, Tonekabon, IranDepartment of Accounting, Chalus Beranch, Islamic Azad University, Chalus, Iran.Purpose: This study aimed to measure the impact of stock liquidity on future investment in companies listed on the Tehran Stock Exchange. Methodology: 95 companies from 2012-2019 were selected as the study's sample size for this purpose. The research method is descriptive correlation and multiple regression using the panel-data method to estimate the regression model with panel data and for analysis. Findings: This study showed that stock liquidity negatively and significantly affects the company's future investment. The results show no significant difference between stock liquidity and corporate future investment in large and small companies and companies with information symmetry and information asymmetry. Originality/Value: The size of companies and the speed of information dissemination in the market do not affect the relationship between stock liquidity and future investment, and the market reacts to any information.http://www.journal-imos.ir/article_125869_f2da0d77a5d76c21548d5e9a37b28c9a.pdfstock liquiditycompany future investmentinformation asymmetry |
| spellingShingle | Zahra Nadafi Mohammd Reza Pourali The Effect of Stock Liquidity on Companies Future Investment: A Study of the Iranian Capital Market مدیریت نوآوری و راهبردهای عملیاتی stock liquidity company future investment information asymmetry |
| title | The Effect of Stock Liquidity on Companies Future Investment: A Study of the Iranian Capital Market |
| title_full | The Effect of Stock Liquidity on Companies Future Investment: A Study of the Iranian Capital Market |
| title_fullStr | The Effect of Stock Liquidity on Companies Future Investment: A Study of the Iranian Capital Market |
| title_full_unstemmed | The Effect of Stock Liquidity on Companies Future Investment: A Study of the Iranian Capital Market |
| title_short | The Effect of Stock Liquidity on Companies Future Investment: A Study of the Iranian Capital Market |
| title_sort | effect of stock liquidity on companies future investment a study of the iranian capital market |
| topic | stock liquidity company future investment information asymmetry |
| url | http://www.journal-imos.ir/article_125869_f2da0d77a5d76c21548d5e9a37b28c9a.pdf |
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