The Comparison Liquidity and Tobin’s Q Ratio of Growth and Value stocks in Tehran Stock Exchange
This study examines the role of growth and value stocks in Liquidity and Tobin's Q ratio, and also the validity of claims existing difference between Tobin Q ratio of the two types of stocks in companies accepted in Tehran Stock Exchange has been examined. The study period is between the years...
| Main Authors: | , |
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| Format: | Article |
| Language: | fas |
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University of Tehran
2014-03-01
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| Series: | تحقیقات مالی |
| Subjects: | |
| Online Access: | https://jfr.ut.ac.ir/article_51844_ccae89314064734e875fd634408449e3.pdf |
| _version_ | 1818544973459488768 |
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| author | Mehdi Meshki Miavaghi Maryam Poormohamad Ziabari |
| author_facet | Mehdi Meshki Miavaghi Maryam Poormohamad Ziabari |
| author_sort | Mehdi Meshki Miavaghi |
| collection | DOAJ |
| description | This study examines the role of growth and value stocks in Liquidity and Tobin's Q ratio, and also the validity of claims existing difference between Tobin Q ratio of the two types of stocks in companies accepted in Tehran Stock Exchange has been examined. The study period is between the years 1381 to 1390. We use Pooled Panel-Data Regression and EGLS and GMM methodS to estimate the model parameters. Also for the validity of a significant difference between Liquidity and Tobin Q ratio of growth and value stocks, analysis of variance test has been used . This paper contains significant and consistent results. The results of testing hypotheses for each of the ten years and the pooled sample show that price-to-book ratio and Size are negatively related to Stocks liquidity. The results demonstrated that growth stocks (especially small growth stocks) have higher Liquidity degree and Tobin's Q ratio than value stocks. The results indicated a significant difference between Liquidity and Tobin's Q ratio between the two stocks types. |
| first_indexed | 2024-12-11T22:55:27Z |
| format | Article |
| id | doaj.art-70adc088eb6b4e55b67fa20d16207c6c |
| institution | Directory Open Access Journal |
| issn | 1024-8153 2423-5377 |
| language | fas |
| last_indexed | 2024-12-11T22:55:27Z |
| publishDate | 2014-03-01 |
| publisher | University of Tehran |
| record_format | Article |
| series | تحقیقات مالی |
| spelling | doaj.art-70adc088eb6b4e55b67fa20d16207c6c2022-12-22T00:47:17ZfasUniversity of Tehranتحقیقات مالی1024-81532423-53772014-03-0116112914610.22059/jfr.2014.5184451844The Comparison Liquidity and Tobin’s Q Ratio of Growth and Value stocks in Tehran Stock ExchangeMehdi Meshki Miavaghi0Maryam Poormohamad Ziabari1عضو هیات علمیکارشناس ارشد حسابداری، دانشگاه آزاد اسلامی، واحد علوم و تحقیقات گیلان، ایرانThis study examines the role of growth and value stocks in Liquidity and Tobin's Q ratio, and also the validity of claims existing difference between Tobin Q ratio of the two types of stocks in companies accepted in Tehran Stock Exchange has been examined. The study period is between the years 1381 to 1390. We use Pooled Panel-Data Regression and EGLS and GMM methodS to estimate the model parameters. Also for the validity of a significant difference between Liquidity and Tobin Q ratio of growth and value stocks, analysis of variance test has been used . This paper contains significant and consistent results. The results of testing hypotheses for each of the ten years and the pooled sample show that price-to-book ratio and Size are negatively related to Stocks liquidity. The results demonstrated that growth stocks (especially small growth stocks) have higher Liquidity degree and Tobin's Q ratio than value stocks. The results indicated a significant difference between Liquidity and Tobin's Q ratio between the two stocks types.https://jfr.ut.ac.ir/article_51844_ccae89314064734e875fd634408449e3.pdfvalue stocksgrowth stocksliquiditytobin's q ratiobook-to-market ratio |
| spellingShingle | Mehdi Meshki Miavaghi Maryam Poormohamad Ziabari The Comparison Liquidity and Tobin’s Q Ratio of Growth and Value stocks in Tehran Stock Exchange تحقیقات مالی value stocks growth stocks liquidity tobin's q ratio book-to-market ratio |
| title | The Comparison Liquidity and Tobin’s Q Ratio of Growth and Value stocks in Tehran Stock Exchange |
| title_full | The Comparison Liquidity and Tobin’s Q Ratio of Growth and Value stocks in Tehran Stock Exchange |
| title_fullStr | The Comparison Liquidity and Tobin’s Q Ratio of Growth and Value stocks in Tehran Stock Exchange |
| title_full_unstemmed | The Comparison Liquidity and Tobin’s Q Ratio of Growth and Value stocks in Tehran Stock Exchange |
| title_short | The Comparison Liquidity and Tobin’s Q Ratio of Growth and Value stocks in Tehran Stock Exchange |
| title_sort | comparison liquidity and tobin s q ratio of growth and value stocks in tehran stock exchange |
| topic | value stocks growth stocks liquidity tobin's q ratio book-to-market ratio |
| url | https://jfr.ut.ac.ir/article_51844_ccae89314064734e875fd634408449e3.pdf |
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