Investigating the Relation between Systematic Risk and Efficiency Indicators Based on Pricing the Financial Assets in Companies Accepted in Tehran Stocks

European Journal of Business and Social Sciences, Vol. 1, No. 2, pp. 48 - 57, 2012

10 Pages Posted: 11 Jun 2012

See all articles by Babak Jamshidi Navid

Babak Jamshidi Navid

Islamic Azad University, Kermanshah, IRAN

Peyman Akbari

Department of Management, Payame Noor University, I.R. of Iran

Mojtaba Chavoshani

Islamic Azad University, Ghasr-E-Shirin, Kermanshah, IRAN

Date Written: May 31, 2012

Abstract

The systematic risk (Beta) is one of effective factors in prospecting the stock expected revenue. Given the systematic risk of general stock in various companies, the financial investment is more creditable. Te present paper investigates that is there any positive relation between efficiency indicators (work efficiency and capital indicators) as independent variables, in one hand, and systematic risk (Beta) as dependent variables, in another hand, or not? In order to study this issue, some sample including 102 members, from statistical society of the companies accepted in Tehran stock market, using screening method (systematic elimination) during six years was studied and some items were selected from financial bills up to the February from 2005 to 2010. The data needed from basic financial bills, the communities reports and the other documents existed in Tehran stock market were derived and analyzed using the Pierson correlation and the research hypothesis analyze. The results showed no significant relation between the considered variables. Finally, some suggestions on the issue are recommended.

Keywords: work efficiency, capital efficiency, systematic risk (Beta)

JEL Classification: D51

Suggested Citation

Jamshidi Navid, Babak and Akbari, Peyman and Chavoshani, Mojtaba, Investigating the Relation between Systematic Risk and Efficiency Indicators Based on Pricing the Financial Assets in Companies Accepted in Tehran Stocks (May 31, 2012). European Journal of Business and Social Sciences, Vol. 1, No. 2, pp. 48 - 57, 2012. Available at SSRN: https://ssrn.com/abstract=2081512

Babak Jamshidi Navid

Islamic Azad University, Kermanshah, IRAN ( email )

Kermanshah
Iran

Peyman Akbari (Contact Author)

Department of Management, Payame Noor University, I.R. of Iran ( email )

kermanshah
Iran

Mojtaba Chavoshani

Islamic Azad University, Ghasr-E-Shirin, Kermanshah, IRAN ( email )

Iran

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