List of Articles market liquidity

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  1 - The Relationship of Under pricing with IPO Aftermarket liquidity in Tehran Stock Exchange
  حسن قالیباف اصل رحیم صادقی دمنه مهدیه کلانتری دهقی
  This article deals with study of the relationship of Underpricing with IPOAftermarket liquidity in listed companies on TSE.To achieve this purpose, required financial data from 80 qualified initial publicoffering in nine-year period between the years 2001 and 2009 were More

  This article deals with study of the relationship of Underpricing with IPOAftermarket liquidity in listed companies on TSE.To achieve this purpose, required financial data from 80 qualified initial publicoffering in nine-year period between the years 2001 and 2009 were gathered. Afterdetermination of initial return period, relationship between underpricing andaftermarket liquidity, have been examined in sections 30, 120, 240 trading days afterinitial public offering by multivariable regression tests. Significant of model andcoefficients have been examined by F fisher and T-student tests.The results indicated that underpricing (initial return) is positively related toturnover ratio and negatively related to illiquidity measure. These relation aresignificant after controlling for other factors. Manuscript profile
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  2 - impact of corporate governance strength on stock market liquidity: Emphasizing criteria Amihud, transaction volume and bid-ask spread
  Allah Karam Salehi
  Researchers previous research show that the existence of appropriate corporate governance mechanisms increases the quantity and quality of information disclosed by the company and, as a result, reduces information asymmetry. Foreover, as information asymmetry decreases, More

  Researchers previous research show that the existence of appropriate corporate governance mechanisms increases the quantity and quality of information disclosed by the company and, as a result, reduces information asymmetry. Foreover, as information asymmetry decreases, market liquidity increases. Accordingly, the purpose of this study is the impact corporate governance strength on stock market liquidity in listed companies on Tehran Stock Exchange. For this purpose, a sample of 120 companies during 2011-2017 was selected by systematic elimination sampling. The research method is library and correlation. Following Al-Jaifi et al. (2017), eight corporate governance features are used to measure corporate governance power and three different indicators (including Amihud’s measure, transaction volume, and bid-ask spread) are used to measure stock liquidity. Analysis and testing of hypotheses have been done with the help of generalized least squares regression (EGLS) and with panel data approach. The results show that there is a positive and significant relationship between corporate governance strength and stock market liquidity based on triple criteria, Amihud, Share turnover ratio and bid-ask spread. Manuscript profile
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  3 - Investigating the Impact of Stock Market Liquidity on Income Distribution (Selected from Developing and Developing Countries)
  zeynab moridi shahram fatahi Kiomars Sohaili
  Fair distribution of income is one of the concerns of policymakers in developing and developed countries, and despite the economic growth of world countries and the implementation of various policies to combat it, remains one of the most important goals of economic poli More

  Fair distribution of income is one of the concerns of policymakers in developing and developed countries, and despite the economic growth of world countries and the implementation of various policies to combat it, remains one of the most important goals of economic policymakers in the world. One of the important and influential factors in any society for econoears. Capital market liquidity enables long-term investment by raising small and large funds and providing them to business owners, so stock market liquidity can be a good platform for attracting micro and large capital by reducing the risk of liquidity.According to macroeconomic theories, capital accumulation resulting from capital market liquidity is one of the conditions for economic growth, thereby increasing the income of those who are risk averse and more willing to invest in the stock market and those who are risk averse. And it relies solely on wages and salaries from work The results show that liquidity of the stock market as a financial market increases income inequality and in developed countries and decreases income inequality and increases in developing countries. Manuscript profile
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  4 - Investigating the Effect of Investors' Behavioral Tendencies on Stock Market Liquidity: (Quantile Regression Approach)
  Ebrahim Asghari Mohammad Mehdi Abbasian Fredoni Seyedhossein Naslmosavi
  Behavioral financial theory shows that changes in securities prices have no fundamental reason and the behavioral tendencies of investors play an important role in determining prices.In recent studies, the rationality of investors has been seriously challenged, and the More

  Behavioral financial theory shows that changes in securities prices have no fundamental reason and the behavioral tendencies of investors play an important role in determining prices.In recent studies, the rationality of investors has been seriously challenged, and the results of studies suggest that prices are determined more by psychological attitudes and factors than fundamental variables, so the study of stock market psychology has become more important. Therefore, the purpose of this study is to Investigating the effect of investors' behavioral tendencies on stock Market liquidity in the capital markets of selected Islamic countries. The statistical sample consists of the capital markets of 14 selected Islamic countries during the period 2008 to 2020.Quantile regression method was used to estimate the research model using Eviews 9.0 software. The results show that the behavioral tendencies of investors have a positive and significant effect on stock market liquidity. Also, among the macroeconomic variables, the growth rate of money supply and the growth rate of industrial production have a positive and significant effect on stock market liquidity and the inflation rate has a negative effect on stock market liquidity. Based on the results, investors' behavioral tendencies increase the volume of transactions and stock market liquidity. In fact, the results of the research reinforce the argument that the behavioral tendencies of investors can be the source of changes in liquidity. Manuscript profile
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  5 - An Investigation of Affecting Factors in Bid Ask Spread as a Measure for Information Asymmetry
  Heidar Foroughnejad Mohsen Moradijoz
  This study examines the effective factors in bid ask spread as a measure for information asymmetry among listed firms in Tehran’s stock exchange. In this study, the effect of share’s liquidity risk variables, market liquidity risk, , market liquidity, number More

  This study examines the effective factors in bid ask spread as a measure for information asymmetry among listed firms in Tehran’s stock exchange. In this study, the effect of share’s liquidity risk variables, market liquidity risk, , market liquidity, number of transactions, and trading volume of bid ask spread is investigated. In this line, five hypotheses were suggested. A sample consisting of 107 firms (642 firms-year) among the Listed Firms in Tehran’s Stock Exchange (from 2007 to 2012) were collected and tested through combined data method to test the hypotheses. The results verify the first and second hypotheses in that the number of transactions and trading volume has significant relationship with bid ask spread.  However, no relationship was found to be between liquidity risk, market liquidity risk, and market liquidity with bid ask spread. Manuscript profile
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  6 - The investigation of relationship between stock liquidity and Stock price synchronicity using the simultaneous equations system in the accepted companies in the Tehran Stock Exchange
  Ahmad Fallahzadeh Abarghooie Akram Taftiyan Forough Heyrani
  The stock market liquidity is very important due to its various roles and effects in the capital market and plays an important role in the stock market quality. On the other hand, the Stock price synchronicity reflects the amount of market information relative to specif More

  The stock market liquidity is very important due to its various roles and effects in the capital market and plays an important role in the stock market quality. On the other hand, the Stock price synchronicity reflects the amount of market information relative to specific information in the stock price of the companies. some studies have examined the effect of stock market liquidity on Stock price synchronicity and other studies that test the effect of the Stock price synchronicity on stock market liquidity. Therefore, the present study examines the relationship between stock market liquidity and Stock price synchronicity in listed companies in the Tehran Stock Exchange during the period from 2008 to 2015. In this study, 66 companies were selected as samples Using a systematic Omissive method and for the simulation of Stock price synchronicity, the model presented by Piotroski and Roulstone (2004) has been used. Then simultaneous equations system was estimated using a two-step regression method. The results of the estimation indicate the existence of a two-way relationship between the Trading volume, stock turnover, the stock market illiquidity ratio (Amihud), and the Amivest liquidity ratio as the criteria for assessing stock market liquidity and Stock price synchronicity in Tehran Stock Exchange.   Manuscript profile
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  7 - The Relationship between Stock Returns and Return Fluctuations with the Liquidity of the Stock Market of Companies Listed on the Tehran Stock Exchange during the Outbreak of the Corona Virus
  Zahra Hooshmand Naqabi Hossein Eslami Mofid Abadi Mohammed Aghasi
  10.30495/faar.2022.698386
  Abstract The current research was conducted with the aim of investigating the relationship between stock returns and volatility with the liquidity of the stock market during the outbreak of the Corona disease in companies listed on the Tehran Stock Exchange. The resear More

  Abstract The current research was conducted with the aim of investigating the relationship between stock returns and volatility with the liquidity of the stock market during the outbreak of the Corona disease in companies listed on the Tehran Stock Exchange. The research method is descriptive, in terms of practical purpose and in terms of the type of post-event information collection. The statistical population of this research includes all the companies admitted to the Tehran Stock Exchange, which have been determined using the systematic sampling and elimination method for the period between 2018 and 2019, which is 133 companies. Multivariate regression analysis and statistical tests such as Durbin-Watson, Shapiro, Dickey and variance inflation factor have been used to analyze the data and test the research hypotheses. Finally, Fisher's test was used to check the significance of the regression line equation, and Student's t-test was used to check the significance of the coefficients. The data related to research variables after being collected in Excel software have been analyzed using the statistical software Eviews. The results of the hypothesis test showed that there is a significant direct relationship between stock returns and fluctuations with the liquidity of the stock market during the outbreak of the Corona disease. Manuscript profile
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  8 - An investigation of stock market liquidity, ownership, and capital structure choices using Panel VAR
  zahra ghorbani alireza daghighiasli marjan damankeshideh roya seifipour hooshang momeni vesalian
  This research investigates stock market liquidity, ownership, and choices of capital structure using the Panel VAR model for 50 companies listed in the stock exchange over 2013-2019. According to the results of Panel VAR estimates, a one standard deviation shock to owne More

  This research investigates stock market liquidity, ownership, and choices of capital structure using the Panel VAR model for 50 companies listed in the stock exchange over 2013-2019. According to the results of Panel VAR estimates, a one standard deviation shock to ownership structure caused the capital structure to increase in terms of companies’ debts, and this effect continued by increasing debts. Also, after some periods, the impact of the shock to corporate ownership structure on capital structure in terms of debts achieved its highest point and was followed by a decreasing trend..Analysis of variance showed that 0.03% of the impacts were caused by shocks in ownership structure, 0.5% was related to liquidity shocks, 0.09% was related to shocks in the corporate size, 0.005% was related to shocks in sale growth rate, 0.02% was related to shocks in fair value of assets, 0.08% was related to shocks in profitability, 0.51% was due to shocks in the consumer price index, and 3.93% was related to shocks in exchange rate volatility. Among the variables considered, exchange rate volatility, inflation, liquidity, and ownership structure, respectively, had the most impact on the capital structure for companies listed in the stock exchange over annual periods. Manuscript profile