A Long-term Casual Nexus between Stock Price and Dividends: Empirical Evidence from the Accepted Firms in Tehran Stock Exchange
this world; though all the discussions are focused on the causal relationships in all<br />the scientific arguments. One of the methods to study the designed causal relationships<br />objectively is Granger causality test. This paper aims to investigate the longterm<br />causal rel...
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| Format: | Article |
| Language: | English |
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Islamic Azad University of Arak
2016-10-01
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| Series: | Advances in Mathematical Finance and Applications |
| Subjects: | |
| Online Access: | http://amfa.iau-arak.ac.ir/article_526243_713cfb29be92da3a0f4a1c84b1c0e50b.pdf |
| _version_ | 1811286010111197184 |
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| author | Mahboobe Motakiaee |
| author_facet | Mahboobe Motakiaee |
| author_sort | Mahboobe Motakiaee |
| collection | DOAJ |
| description | this world; though all the discussions are focused on the causal relationships in all<br />the scientific arguments. One of the methods to study the designed causal relationships<br />objectively is Granger causality test. This paper aims to investigate the longterm<br />causal relationship between the stock price and dividends. The statistical<br />population includes 180 active companies in Stock Exchange of Tehran during<br />2010-2014. In order to analyze the achieved data statistically, the used specified<br />model has been the regression model using the econometric data panel techniques<br />and to test the research hypotheses and find the specific relationships among the<br />variables, the descriptive-inferential statistics and Eviews software were used.<br />Results indicated that the stock price is not due to the dividends; however, the<br />dividends are the Granger causality of stock price. Also, the type of industry, firm<br />growth index, and systematic risk index are of impact on the relationships between<br />the stock price and dividends. |
| first_indexed | 2024-04-13T02:53:20Z |
| format | Article |
| id | doaj.art-8c8894fbc49c405882c4cf38f43f49f7 |
| institution | Directory Open Access Journal |
| issn | 2538-5569 2645-4610 |
| language | English |
| last_indexed | 2024-04-13T02:53:20Z |
| publishDate | 2016-10-01 |
| publisher | Islamic Azad University of Arak |
| record_format | Article |
| series | Advances in Mathematical Finance and Applications |
| spelling | doaj.art-8c8894fbc49c405882c4cf38f43f49f72022-12-22T03:05:47ZengIslamic Azad University of ArakAdvances in Mathematical Finance and Applications2538-55692645-46102016-10-0111435510.22034/amfa.2016.526243526243A Long-term Casual Nexus between Stock Price and Dividends: Empirical Evidence from the Accepted Firms in Tehran Stock ExchangeMahboobe Motakiaee0Department of Management, Arak Branch, Islamic Azad University, Arak, Iranthis world; though all the discussions are focused on the causal relationships in all<br />the scientific arguments. One of the methods to study the designed causal relationships<br />objectively is Granger causality test. This paper aims to investigate the longterm<br />causal relationship between the stock price and dividends. The statistical<br />population includes 180 active companies in Stock Exchange of Tehran during<br />2010-2014. In order to analyze the achieved data statistically, the used specified<br />model has been the regression model using the econometric data panel techniques<br />and to test the research hypotheses and find the specific relationships among the<br />variables, the descriptive-inferential statistics and Eviews software were used.<br />Results indicated that the stock price is not due to the dividends; however, the<br />dividends are the Granger causality of stock price. Also, the type of industry, firm<br />growth index, and systematic risk index are of impact on the relationships between<br />the stock price and dividends.http://amfa.iau-arak.ac.ir/article_526243_713cfb29be92da3a0f4a1c84b1c0e50b.pdfStock PriceDividendsSystematic RiskFirm growthGranger causality test |
| spellingShingle | Mahboobe Motakiaee A Long-term Casual Nexus between Stock Price and Dividends: Empirical Evidence from the Accepted Firms in Tehran Stock Exchange Advances in Mathematical Finance and Applications Stock Price Dividends Systematic Risk Firm growth Granger causality test |
| title | A Long-term Casual Nexus between Stock Price and Dividends: Empirical Evidence from the Accepted Firms in Tehran Stock Exchange |
| title_full | A Long-term Casual Nexus between Stock Price and Dividends: Empirical Evidence from the Accepted Firms in Tehran Stock Exchange |
| title_fullStr | A Long-term Casual Nexus between Stock Price and Dividends: Empirical Evidence from the Accepted Firms in Tehran Stock Exchange |
| title_full_unstemmed | A Long-term Casual Nexus between Stock Price and Dividends: Empirical Evidence from the Accepted Firms in Tehran Stock Exchange |
| title_short | A Long-term Casual Nexus between Stock Price and Dividends: Empirical Evidence from the Accepted Firms in Tehran Stock Exchange |
| title_sort | long term casual nexus between stock price and dividends empirical evidence from the accepted firms in tehran stock exchange |
| topic | Stock Price Dividends Systematic Risk Firm growth Granger causality test |
| url | http://amfa.iau-arak.ac.ir/article_526243_713cfb29be92da3a0f4a1c84b1c0e50b.pdf |
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