Research Article | OPEN ACCESS
Investigating the Relationship between the Price to Earnings Ratio with the Return of Adjusted Stock in Capital Market of Iran
1Akbar Bagheri, 2Oveis Bagheri Geigal and 1Mahmoud Lari
1Department of Accounting, Qaenat Branch, Islamic Azad University, Qaenat, Iran
2Department of Business Management, Aras Institution of Higher Education, Tabriz, Iran
Research Journal of Applied Sciences, Engineering and Technology 2013 17:4411-4414
Received: December 12, 2012 | Accepted: February 16, 2013 | Published: May 01, 2013
Abstract
The main objective of this study is to investigate and analyze the relationship between the prices to earnings ratio with the return of adjusted stock through total risk of companies listed on the Stock Exchange market of Tehran in Iran. The main objective of any investment is to achieve higher efficiency. Investors in shares of listed companies on the exchange considered several factors. The price to earnings ratio, return and risk are the factors that investors should consider when they want to invest in them. Therefore 100 companies have been investigated during the period 2004-2008. To test the hypothesis we used the regression analysis and correlation, also the significant of patterns were determined by using F and T test and correlation coefficients. The results show that there is no significant relationship between the prices to earnings ratio and adjusted stock returns in the 95% confidence level.
Keywords:
Dividends per share, earnings per share, prices to earnings ratio, returns of each share, risk,
Competing interests
The authors have no competing interests.
Open Access Policy
This article is distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution, and reproduction in any medium, provided you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license, and indicate if changes were made.
Copyright
The authors have no competing interests.
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ISSN (Online): 2040-7467
ISSN (Print): 2040-7459 |
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