تهرانی, رضا, انصاری, حجت اله, سارنج, علیرضا. (1392). بررسی رابطه بین بازده حاصل از استراتژی شتاب و نقدشوندگی. راهبرد مدیریت مالی, 1(2), 71-88. doi: 10.22051/jfm.2014.963
رضا تهرانی; حجت اله انصاری; علیرضا سارنج. "بررسی رابطه بین بازده حاصل از استراتژی شتاب و نقدشوندگی". راهبرد مدیریت مالی, 1, 2, 1392, 71-88. doi: 10.22051/jfm.2014.963
تهرانی, رضا, انصاری, حجت اله, سارنج, علیرضا. (1392). 'بررسی رابطه بین بازده حاصل از استراتژی شتاب و نقدشوندگی', راهبرد مدیریت مالی, 1(2), pp. 71-88. doi: 10.22051/jfm.2014.963
تهرانی, رضا, انصاری, حجت اله, سارنج, علیرضا. بررسی رابطه بین بازده حاصل از استراتژی شتاب و نقدشوندگی. راهبرد مدیریت مالی, 1392; 1(2): 71-88. doi: 10.22051/jfm.2014.963
بررسی رابطه بین بازده حاصل از استراتژی شتاب و نقدشوندگی
مالی رفتاری حوزه جدیدی در تئوری های مالی است که با کنار نهادن مفروضات تئوریهای مدرن مالی مبنی بر عقلانیت کامل عوامل اقتصادی و کارایی بازار، سعی در تبیین ناهنجاریهای بازارهای مالی دارد. اثر شتاب به معنای تداوم روند قیمت‌ها در میان مدت از جمله این ناهنجاریهاست. تبیین این پدیده و بررسی متغیرهای موثر بر آن، موضوع پژوهش‌های زیادی بوده است. هدف این پژوهش، بررسی رابطه بین بازدهی حاصل از استراتژی شتاب و نقدشوندگی در بورس اوراق بهادار تهران است. به این منظور در تشکیل پرتفوی از روش جیگادیش و تیتمن(1991) استفاده شده است. نتایج حاصل نشان داد که در دوره زمانی پژوهش، رابطه‌ای بین نقدشوندگی سهام و بازده پرتفوی‌های شتاب وجود ندارد.
The Momentum Return and the Liquidity at the Tehran Stock Exchange
نویسندگان [English]
reza tehrani؛ hojatollah ansari؛ alireza saranj
tehran university
چکیده [English]
Behavioral finance is a new field in financial theories that seeks to explain stock market anomalies by putting aside the assumptions of modern financial theories about rationality of the economic agents and efficiency of the markets. The effect of the momentum that is the continuation of price trend in medium term is one of these anomalies. To explain this subject, as stated above, there have been many investigations conducted on behavioral finance and the related influencing variables. The present article investigates the relationship between the momentum return and liquidity at the Tehran stock exchange. The findings of the study reveal that there is no specific pattern to affirm
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