Survey on Relationship between Risk and Accounting Indexes in Investment Companies

The purpose of This Study is recognizing the relationship between risk and accounting Indexes in investment companies listed in Tehran Stock Exchange (TSE). The correlation results of 34 investment companies divided into four groups showed that there is a significant correlation between return on equity in general investment company group and also between stock return rate in the special holding، multi –purpose and real estate company groups during the period of 2004–2010. Among 6 accounting indexes which have been tested، there is significant and positive correlation only between risk and return across all of four groups. But such correlation did not observe for other indexes. So the ANOVA test result demonstrated that there is a difference in risk and return among four groups. Scheffe test results showed that there is a significant difference in risk and also stock return between general investing and special holding companies groups. Therefore special holding companies group has the highest risk and return among four investment company groups.