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        1 - The relationship between Abnormal Investment and Performance in Different Stages of the Life Cycle of Companies (Case Study: Companies Listed on the Tehran Stock Exchange)
        Mohammadreza Abbasi Astamal Yalda Hasannpour
        The present study investigates the relationship between abnormal investment and performance in different stages of the companies' life cycle.This research is practical in terms of purpose and in terms of methodology, the correlation is of the causal type (after event). More
        The present study investigates the relationship between abnormal investment and performance in different stages of the companies' life cycle.This research is practical in terms of purpose and in terms of methodology, the correlation is of the causal type (after event). The systematic elimination sampling, 128 companies were selected as sample and were investigated in the period of 8 years between 2013 and 2020. The method used to collect information is a library and data are collected for measuring variables from the codal website and corporate financial statements and in Excel, basic calculations have been made then, to test the hypotheses of the software stata was used. The results of the research show that there is a direct relationship between abnormal returns and company performance. However, there is an inverse relationship between unusual investment and company performance. There is no relationship between abnormal returns and company performance in the growth phase. Also, there is no relationship between abnormal investment and company performance in the growth phase. But, there is a direct relationship between abnormal returns and firm performance at maturity. There is no correlation between abnormal investment and firm performance at maturity. There is a direct relationship between abnormal returns and company performance in the downturn phase. There is an inverse relationship between abnormal investment and the company's performance in the downturn. Manuscript profile