The Role of Privatization on Liquidity of Listed Firms in Tehran Stocks Exchange

Author(s):

Mahmood Yahyazadehfar* , Shahabeddin Shams , Masoomeh Hosseini Deldoost

Message:
Abstract:
The present research investigated the relationship between privatization and liquidity in listed companies of Tehran stock exchange using Ordinary Least Squares (OLS) technique during 1382- 1387. Before estimation of the model, stationary of the variables were tested using Augmented Dickey-Fuller (ADF) test. The results showed that there is no significant relationship between government owned companies and stock market using market trading turnover and Amihud’s liquidity criterion, but international news has directly affected on the liquidity in Tehran Stock Exchange.
Keywords:

liquidity criterion , stock turnover ratio , Amihud's criteria , privatization , Tehran Stocks Exchange

Language:
Persian
Published:
Macroeconomics Research Letter, Volume:8 Issue: 15, 2012
Page:
157
https://magiran.com/p1071639  
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