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Investigate the Relationship between Institutional Ownership in Tehran Stock Exchange

Author

Listed:
  • Mohammad Reza Pourhosein

    (Department of Accounting, Payame Noor University, Behshar City, Iran,)

  • Ahmad Aghazadeh Kama Kol

    (Department of Business Finance Trends, University of Tabriz, Iran,)

  • Bahram Molaheidari Vishkaii

    (Department of Accounting, Payame Noor University, Behshar City, Iran,)

  • Fatemeh Pouraskari Jourshari

    (Department of Business Administration Finance Trends, Guilan University, Iran.)

Abstract

In this research the relationship between institutional ownership and profit sharing policy with price efficiency and fluctuation in Tehran's stock exchange is studied. Data extraction is done by Rahavard-Novin software and research data analyze is also done by E-views software. research result indicates that there is a significant relationship between institutional ownership and stock price fluctuation in accepted firms at Tehran's stock exchange is approved and the main hypothesis is rejected, and there is a significant relationship between institutional ownership and stock returns in accepted firms at Tehran's stock exchange is approved and the main hypothesis is rejected and also the existence of a significant relationship between institutional ownership and profit sharing returns in accepted firms at Tehran's stock exchange is rejected and the main hypothesis is approved.

Suggested Citation

  • Mohammad Reza Pourhosein & Ahmad Aghazadeh Kama Kol & Bahram Molaheidari Vishkaii & Fatemeh Pouraskari Jourshari, 2017. "Investigate the Relationship between Institutional Ownership in Tehran Stock Exchange," International Journal of Economics and Financial Issues, Econjournals, vol. 7(3), pages 276-285.
    • Handle: RePEc:eco:journ1:2017-03-36
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    References listed on IDEAS

    as
    1. Truong, Thanh & Heaney, Richard, 2007. "Largest shareholder and dividend policy around the world," The Quarterly Review of Economics and Finance, Elsevier, vol. 47(5), pages 667-687, December.
    2. Frankfurter, George M. & Wood, Bob Jr., 2002. "Dividend policy theories and their empirical tests," International Review of Financial Analysis, Elsevier, vol. 11(2), pages 111-138.
    3. DeAngelo, Harry & DeAngelo, Linda & Stulz, Rene M., 2006. "Dividend policy and the earned/contributed capital mix: a test of the life-cycle theory," Journal of Financial Economics, Elsevier, vol. 81(2), pages 227-254, August.
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    More about this item

    Keywords

    Institutional Ownership; Shared Dividend Policy; Stock Return; Stock Price Volatility;
    All these keywords.

    JEL classification:

    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors

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