A study of the effects of company size on systematic risk based on the capital asset pricing model among accepted companies in Tehran Stock Market ,
Systematic risk (beta) is one of the most effective factors in predicting the appropriate required rate of return of portfolios. Understanding systematic risk of usual portfolio of various companies helps investors consider financial investment, more confidentially. The aim of this study is to deter...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Growing Science
2012-08-01
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| Series: | Management Science Letters |
| Subjects: | |
| Online Access: | http://www.growingscience.com/msl/Vol2/msl_2012_68.pdf |
| _version_ | 1818408357276418048 |
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| author | Reza Rostami Payman Akbari Akbar Veismoradi |
| author_facet | Reza Rostami Payman Akbari Akbar Veismoradi |
| author_sort | Reza Rostami |
| collection | DOAJ |
| description | Systematic risk (beta) is one of the most effective factors in predicting the appropriate required rate of return of portfolios. Understanding systematic risk of usual portfolio of various companies helps investors consider financial investment, more confidentially. The aim of this study is to determine if there is any significant relationship between Company Size (Market value of stocks, Book value of stocks, level of company sale, trade volume of stocks, Price dividend ratio) as independent variables and Systematic risk (Beta) as dependent variables. The study chooses 112 companies accepted in Tehran Stock Market based on screening (systematic deletion) in a six-year- period from 2005 to 2010. The required data were gathered from basic financial statement, committee reports, and other available documents in Tehran Stock Market. Regression and Pearson correlation were used to analyze the data. The results of the study revealed that there is a significant relationship between the variables. Some suggestions regarding the topic of the research are given too. |
| first_indexed | 2024-12-14T09:42:27Z |
| format | Article |
| id | doaj.art-20b3072f00624a1392e4ff89a51dc979 |
| institution | Directory Open Access Journal |
| issn | 1923-9335 1923-9343 |
| language | English |
| last_indexed | 2024-12-14T09:42:27Z |
| publishDate | 2012-08-01 |
| publisher | Growing Science |
| record_format | Article |
| series | Management Science Letters |
| spelling | doaj.art-20b3072f00624a1392e4ff89a51dc9792022-12-21T23:07:44ZengGrowing ScienceManagement Science Letters1923-93351923-93432012-08-012414551464A study of the effects of company size on systematic risk based on the capital asset pricing model among accepted companies in Tehran Stock Market ,Reza RostamiPayman AkbariAkbar VeismoradiSystematic risk (beta) is one of the most effective factors in predicting the appropriate required rate of return of portfolios. Understanding systematic risk of usual portfolio of various companies helps investors consider financial investment, more confidentially. The aim of this study is to determine if there is any significant relationship between Company Size (Market value of stocks, Book value of stocks, level of company sale, trade volume of stocks, Price dividend ratio) as independent variables and Systematic risk (Beta) as dependent variables. The study chooses 112 companies accepted in Tehran Stock Market based on screening (systematic deletion) in a six-year- period from 2005 to 2010. The required data were gathered from basic financial statement, committee reports, and other available documents in Tehran Stock Market. Regression and Pearson correlation were used to analyze the data. The results of the study revealed that there is a significant relationship between the variables. Some suggestions regarding the topic of the research are given too.http://www.growingscience.com/msl/Vol2/msl_2012_68.pdfMarket value of stocksBook value of stocksLevel of company saleTrade volume of stocksPrice dividend ratioSystematic risk (Beta) |
| spellingShingle | Reza Rostami Payman Akbari Akbar Veismoradi A study of the effects of company size on systematic risk based on the capital asset pricing model among accepted companies in Tehran Stock Market , Management Science Letters Market value of stocks Book value of stocks Level of company sale Trade volume of stocks Price dividend ratio Systematic risk (Beta) |
| title | A study of the effects of company size on systematic risk based on the capital asset pricing model among accepted companies in Tehran Stock Market , |
| title_full | A study of the effects of company size on systematic risk based on the capital asset pricing model among accepted companies in Tehran Stock Market , |
| title_fullStr | A study of the effects of company size on systematic risk based on the capital asset pricing model among accepted companies in Tehran Stock Market , |
| title_full_unstemmed | A study of the effects of company size on systematic risk based on the capital asset pricing model among accepted companies in Tehran Stock Market , |
| title_short | A study of the effects of company size on systematic risk based on the capital asset pricing model among accepted companies in Tehran Stock Market , |
| title_sort | study of the effects of company size on systematic risk based on the capital asset pricing model among accepted companies in tehran stock market |
| topic | Market value of stocks Book value of stocks Level of company sale Trade volume of stocks Price dividend ratio Systematic risk (Beta) |
| url | http://www.growingscience.com/msl/Vol2/msl_2012_68.pdf |
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