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The Relationship between Stock Liquidity with Transaction Based Criteria and the Risk of Stock Price Crash in the Firms

Academic Journal of Accounting and Economic Researches

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Field Value
 
Title The Relationship between Stock Liquidity with Transaction Based Criteria and the Risk of Stock Price Crash in the Firms
 
Creator Aghari , Zekvan Imani, Ali Homayoon, Elnaz
 
Description The phenomenon of stock prices crash is important for investors because it is always helpful for stock portfolio and its risk management to know the specific features of a firm that can predict the sharp price fluctuations and especially the crash of stock price. The present study seeks to examine the relationship between stock liquidity with transaction-based criteria and risk of stock prices crash of listed firms in Tehran Stock Exchange. Transaction-based criteria include the volume of transactions, value of transactions, stock turnover, number of trading days, the percentage of free float stock, float stock cycle. For this purpose, a sample, consisting of 90 firms listed in Tehran Stock Exchange from 2010 to 2014, is selected. Multivariate logistic regression method is used to test the hypotheses. The results indicate that there is no significant correlation between the number of trading days, the percentage of free float stocks, the absolute gap between supply and demand, and the risk of stock prices crash.
 
Publisher Academic Journal of Accounting and Economic Researches ISSN 2333-0783
 
Contributor
 
Date 2016-08-12
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://worldofresearches.com/ojs-2.4.4-1/index.php/ajaer/article/view/309
 
Source Academic Journal of Accounting and Economic Researches ISSN 2333-0783; Vol 5, No 3 (2016): July 2016
2333-0783
2375-7493
 
Language eng
 
Relation http://worldofresearches.com/ojs-2.4.4-1/index.php/ajaer/article/view/309/245
 
Rights Copyright (c) 2016 Academic Journal of Accounting and Economic Researches ISSN 2333-0783
http://creativecommons.org/licenses/by-nc/4.0