A Comparison Between Growth and Value Stocks of Listed Companies in Tehran Stock Exchange

Nowadays, growth and value stocks are the important subjects in capital markets. first, these two stocks based on different variables such as estimation of their amount of risks and returns, circumstances of obtaining returns at different periods in up and down market conditions were realized in tehran stock exchange. then growth stock with value stock was compared through variables such as firm size, return and risk premium. in this study, the data was collected from 123 listed companies during years 2001 to 2008. the results show that firm size is not suitable to realize growth and value stock from each other. also an investor by purchasing the growth stock obtains the risk premium more than value stock in up market and growth stocks returns are greater than value stock returns in tehran stock exchange.