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:: year 6, Issue 21 (2014) ::
quarterly financial accounting journal 2014, 6(21): 153-174 Back to browse issues page
Stock and Costs Development and Research between Relationships Exchange Stock Tehran Companies Listed of Returns Abstract
Abstract:   (11415 Views)
This study investigates the relationship between research and development costs and stock return. To test the research hypotheses Fama and Macbeth (1973) and Fama and French (1993) models are used. The sample of 27 manufacturing companies listed in Tehran Stock Exchange for a time period of 2003 to 2011 is selected. Statistical multiple regression model is used for data analysis. Results indicate that between research and development costs and stock return a significant relationship does not exist. Moreover between research and development costs and risk premium in risk covering portfolio a significant relationship is not found
Keywords: Research and development costs, Stock return, Risk coverage portfolio, Firm size.
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Type of Study: Research | Subject: Special
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Stock and Costs Development and Research between Relationships Exchange Stock Tehran Companies Listed of Returns Abstract. quarterly financial accounting journal. 2014; 6 (21) :153-174
URL: http://qfaj.ir/article-1-116-en.html


year 6, Issue 21 (2014) Back to browse issues page
فصلنامه حسابداری مالی Quarterly Financial Accounting
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