بررسی تأثیر عوامل درونی برتغییرات قیمت سهام شرکتهای سرمایه گذاری پذیرفته شده در بورس اوراق بهادارتهران

سعیدی, پرویز; اسلامی مفیدآبادی, حسین; خلیل زاده, سیدمحمدرضا

doi:10.22051/ijar.2017.2080.

بررسی تأثیر عوامل درونی برتغییرات قیمت سهام شرکتهای سرمایه گذاری پذیرفته شده در بورس اوراق بهادارتهران

نوع مقاله : مقاله پژوهشی

نویسندگان

¹ دانشیاروﻋﻀﻮ ﻫﻴﺌﺖ ﻋﻠﻤﻲ داﻧﺸﮕﺎه آزاد اﺳﻼﻣﻲ، واﺣﺪ علی آبادکتول، دانشکده حسابداری ومدیریت،

² دانشجوی دکتری مدیریت مالی دنشگاه آزاد اسلامی، واحد علوم وتحقیقات، دانشکده مدیریت واقتصاد، نویسنده مسئول،

³ عضو هیات علمی و مربی گروه حسابداری، مرکزآق قلا، واﺣﺪ گرگان،

10.22051/ijar.2017.2080.

چکیده

هدف اصلی پژوهش حاضر بررسی تأثیر عوامل درونی(درآمد هر سهم، سود نقدی هر سهم، نسبت قیمت به درآمد، نسبت نقدینگی، نرخ بازده دارایی و میزان افزایش سرمایه)، بر تغییرات قیمت سهام شرکت های سرمایه گذاری پذیرفته شده در بورس اوراق بهادار تهران، می باشد. روش این پژوهش توصیفی- همبستگی می باشد، و از آنجائیکه به بررسی روابط احتمالی علت ومعلولی از طریق شرایط موجود و عوامل علّی درگذشته می پردازد، در زمره پژوهش های پس رویدادی یا گذشته نگر قرار می گیرد. جامعه آماری پژوهش هم نیز، شامل کلیه شرکت های سرمایه گذاری در صنعت واسطه گری های مالی و فعالیت های جنبی درمحدودۀ زمانی بین سال های 1387 تا 1393 می باشد.گردآوری داده ها هم نیز به روش میدانی وکتابخانه ای بوده است. امّا جهت تجزیه و تحلیل آنها از نرم افزار اکسل(Excel) و اقتصاد سنجی ایویوز(Eviews)، استفاده شده است. همچنین با بهره گیری ازآزمون های آماری نظیر همبستگی و رگرسیون چند متغیره، آزمون تی استیودنت(t)، وضریب همبستگی پیرسون به آزمون فرضیات پرداخته شده است. نتایج حاصل از آزمون فرضیه اصلی با وجود رابطه بین متغیر های مستقل و وابسته ، یک مدل رگرسیونی ارائه می دهدکه درسطح 95 درصد اطمینان،سه متغیر درآمد هرسهم،سود نقدی هر سهم و نسبت قیمت به درآمد، نسبت نقدینگی بیش از سایر عوامل بر عرضه و تقاضا و نهایتا قیمت سهام اثر می گذارد.

کلیدواژه‌ها

موضوعات

بازار سرمایه

عنوان مقاله [English]

The Investigation of the Effect of Internal Factors on the Changes of Stock Price of Investment Companies Listed in Tehran Stock Exchange

نویسندگان [English]

Parviz Saeedi ¹
Hossein Eslami Mofid Abadi ²
Seyed Mohammad Reza Khalilzadeh ³

¹ Associate Professor, Associate Professor of Islamic Azad University, Ali Abadctol Unit, Faculty of Accounting and Management,

² Ph.D. student of financial management, Islamic Azad University, Research Branch, Faculty of Management and Economics, Corresponding Author

³ Member of the faculty and coach of the Accounting Department, Gorgan Center, Gorgan Branch

چکیده [English]

The main objective of this study is to investigate the effect of internal factors include (earnings per share, dividend per share price to earnings ratio, liquidity ratio, return on assets and the capital increase), on the stock price changes of investment companies listed on the Stock Exchange Tehran stock. This research method is descriptive, and since it pays to investigate the possible cause-effect relationships through the conditions and causal factors in the past, placed among the events or retrospective studies. The study population would also be included all investment companies in the financial intermediation industry and ancillary activities, during of the time between 2007 to 2014. For data collection field and library methods. But, for analysis of data used of Excel and Eviews software. Also, by the statistical tests such as correlation and multivariate regression, t-test and Pearson correlation coefficient, used for the tested of hypotheses. The results of the main hypothesis in spite of a relationship between dependent and independent variables proposed a regression model at confidence of 95%, 3 variables of earnings per share, dividend per share and the ratio of price to earnings, liquidity ratio affects more the supply and demand and finally on the price of stock compared to other factors.

کلیدواژه‌ها [English]

Investment companies
Price change
Tehran Stock Exchange

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