Review is research affect Tobin q ratio and Revenue growth rate on the level of investment in listed companies in Tehran Stock Exchange

Subject Areas : Journal of Investment Knowledge

Ebrahim  Abbasi ¹ (Assistant Professor at Alzahra university, Tehran, Iran)
Behrooz  Ebrahimzadeh Rahimlou ² (Master expert in finance)

Received: 2012-05-09 Accepted : 2012-06-17 Published : 2012-06-17

Keywords: Tobin q ratio, Revenue growth rate, Level of investment,

Abstract :

The purpose of this paper is research affect Tobin q ratio and Revenue growth rate on the level of investment.The order One handrered companies from Tehran Stock Exchange (1381-7) have selected for they research. Company’s have Tobin q ratio to two groups from Tobin q ratio point of view that are firms with a Tobin q ratio smaller than One and firms with a Tobin q ratio greater than One. The regression test results showed that; for the total of firms, Tobin q ratio has significant affect on the level of investment,but Revenue growth rate has significant affect on the level of investment. Also results showed that; for the of firms with q < 1 , Tobin q ratio has significant affect on the level of investment,but ; for the of firms with q > 1 Tobin q ratio has significant affect on the level of investment.