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Paper Information

Journal:   FINANCIAL KNOWLEDGE OF SECURITY ANALYSIS (FINANCIAL STUDIES)   SUMMER 2018 , Volume 11 , Number 38 ; Page(s) 101 To 115.
 
Paper: 

TEST THE EFFECTIVENESS OF STOCK PRICE SYNCHRONICITY ON RISK OF STOCK PRICE REDUCTION

 
 
Author(s):  MATINFARD MEHRAN, SALAHVARZI SOHBAT
 
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Abstract: 
The aim of this study is to investigate the test of stock price synchronicity on risk of stock price reduction in companies listed on the Tehran Stock Exchange. In this study, financial information of 109 companies has been investigated during the period from 2010 to 2015 (654 companies-years). The compound multivariate regression has been used to test the research hypotheses. In general, the results show that the synchronicity of stock prices is an effective factor on risk of stock price reduction.Other findings of the research indicated the positive and significant effect of negative coefficient of stock return skewness and profitability index on risk of stock price reduction as well as, inverse (negative) relationship of the ratio of institutional investors’ investment and company size on the risk of stock price reduction and also, meaninglessness of relationship of growth opportunities and financial leverage with the variable of stock price reduction risk.
 
Keyword(s): SYNCHRONICITY OF STOCK PRICE, RISK OF REDUCTION IN STOCK PRICE, RETURN
 
 
References: 
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Citations: 
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APA: Copy

MATINFARD, M., & SALAHVARZI, S. (2018). TEST THE EFFECTIVENESS OF STOCK PRICE SYNCHRONICITY ON RISK OF STOCK PRICE REDUCTION. FINANCIAL KNOWLEDGE OF SECURITY ANALYSIS (FINANCIAL STUDIES), 11(38 ), 101-115. https://www.sid.ir/en/journal/ViewPaper.aspx?id=596454



Vancouver: Copy

MATINFARD MEHRAN, SALAHVARZI SOHBAT. TEST THE EFFECTIVENESS OF STOCK PRICE SYNCHRONICITY ON RISK OF STOCK PRICE REDUCTION. FINANCIAL KNOWLEDGE OF SECURITY ANALYSIS (FINANCIAL STUDIES). 2018 [cited 2021December06];11(38 ):101-115. Available from: https://www.sid.ir/en/journal/ViewPaper.aspx?id=596454



IEEE: Copy

MATINFARD, M., SALAHVARZI, S., 2018. TEST THE EFFECTIVENESS OF STOCK PRICE SYNCHRONICITY ON RISK OF STOCK PRICE REDUCTION. FINANCIAL KNOWLEDGE OF SECURITY ANALYSIS (FINANCIAL STUDIES), [online] 11(38 ), pp.101-115. Available: https://www.sid.ir/en/journal/ViewPaper.aspx?id=596454.



 
 
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