Comparative Comparison of Liquidity Elements and Distribution of Profit of Assemblies during the Depression and Prosperity of the Capital Market of Iran

Subject Areas : Financial engineering

Mona Najmi ¹ , Abdolmajid Dehghan ² , Masomeh piryaei ³

1 - department of financial management, Faculty of Management and Accounting, Islamic Azad University, Yadegar Imam Khomeini (RA) - Tehran, Iran
2 - Department of Management, Faculty of Management and Accounting, Islamic Azad University, Yadeqar Imam Khomeini (RA) - Rey city, Tehran, Iran
3 - Department of Management, Faculty of Management and Accounting, Islamic Azad University, Yadeqar Imam Khomeini (RA) –Rey city, Tehran, Iran

Received: 2019-01-31 Accepted : 2019-03-02 Published : 2019-06-22

Keywords: stock liquidity, dividend, Amihud non-liquidity ratio, recession period, boom period, capital market of Iran,

Abstract :

The purpose of this research is to investigate the relationship between stock liquidity and dividend income during recession and prosperity in companies accepted in Tehran Stock Exchange. Statistical sample of 109 companies accepted in the capital market, whose information was available for the period 2012 to 2017, were selected by systematic exclusion method. The research carried out in terms of the target type is a part of applied research and the research method is correlated in terms of content and content. For analyzing the hypotheses, panel analysis has been used. Research findings show that there is a positive and significant relationship between stock liquidity and dividend income. There is also a positive and significant relationship between stock liquidity and dividend profits during the boom period. While there was no significant relationship between stock liquidity and dividend during the recession period.