پديدآورندگان :
Vadiei Mohammad hossein Associate professor, Ferdowsi University of Mashhad, Iran , TaghaviMoghaddam Ali Department of Accounting, bojnourd Branch, Islamic Azad University, bojnourd, Iran , Shams Koloukhi Amir Young Researchers and Elite Club, Torbat-e-Jam Branch, Islamic Azad University, Torbat-e-Jam, Iran
كليدواژه :
Financial leverage , firm size , stock return , Tehran Stock Exchange
چكيده فارسي :
This study aims to investigate the effect of financial leverage and firm size on the stock return of Iranian firms from 2009-2013.To test research hypotheses, stepwise regression and panel data were used. Results of experimental tests related to the information of 66 firms showed a positive and significant correlation of leverage and stock return. Adding independent variable of changes of earnings per share showed that there is a negative and significant correlation of leverage and earnings per share and a positive and significant correlation of firm size and earnings per share. Regarding determination coefficient of the model which didn’t change considerably after adding firm size, it is concluded that accounting data which is revealed in accounting earnings has a significant effect on stock return of the firms. In other words, accounting data has the value of relatedness.
