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   impact of financial characteristics on future corporate risk-taking behavior  
   
نویسنده darabi roya ,ghiyasvand alireza ,hamidian mohsen
منبع advances in mathematical finance and applications - 2020 - دوره : 5 - شماره : 3 - صفحه:391 -402
چکیده    The purpose of this study is to compare the impacts of momentum on stock returns of companies listed in tehran stock exchange in different market conditions. for this purpose, the sample size is 120 months from 2008 to 2017. the research hypotheses are estimated using multivariate linear regression using time series method. based on the results of the hypotheses test, the momentum in each of the market conditions, including normal, ascending and descending conditions, has a positive and direct effect on the stock returns of the companies listed in tehran stock exchange, which indicates the principle of investors’ insatiability in the stock exchange tehran seeking to maximize its return on investment with a certain risk that in a downside mode of market, their insatiability exits less and faster than their momentum conditions, which is a reason for investors’ loss evasion in this situation.
کلیدواژه momentum ,stock returns ,market conditions
آدرس islamic azad university, south tehran branch, department of accounting, iran, islamic azad university, south tehran branch, department of accounting, iran, islamic azad university, south tehran branch, department of accounting, iran
پست الکترونیکی hamidian_2002@yahoo.com
 
     
   
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