Inflation and ROI in the Tehran Stock Market Reexamining the Fama Hypothesis
In Economics literature many studies tried to examine whether stocks are perfect hedge against inflation. The answer is not conclusive. In this paper, using data from Tehran stock market, the relationship between inflation and stock returns during April 1991 till March 2009 is reexamined. The empiri...
| Main Authors: | , , |
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| Format: | Article |
| Language: | fas |
| Published: |
Tarbiat Modares University
2012-07-01
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| Series: | پژوهشهای اقتصادی |
| Subjects: | |
| Online Access: | http://ecor.modares.ac.ir/article-18-3481-en.pdf |