The Impact of Inflation on Stock Prices with panel data (Case study: Tehran Stock Exchange)
作者: Hamid AsayeshMehdi Zahed Gharavi
刊名: International Journal of Administration and Governance, 2015, Vol.1 (9)
来源数据库: Islamic World Network for Environmental Science and Technology
关键词: Stock ReturnsInflationpanel datagdpunemploymentmoney
原始语种摘要: Knowledge of stock price behavior is very important for investor. This price is influenced by a number of factors in the financial market. This paper shows the different effects of; inflation on stock price of bigest ten company in Tehran Stock Exchange. To examine the different sensitivity of stocks according to Shiblee paper (2009), The study is done on tehran Stock exchange. Chose 10 bigest companies during the period 2000-2013 and take CPI as an example of inflation, because it is the closet to the investor decision. The findings show according to our samples that, the inflation independent variable has different effects on this sector with panel data methods. CPI effect has a strong negative influence at most companies in our sample.
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关键词翻译
关键词翻译
  • panel 
  • inflation 膨胀
  • stock 岩株
  • investor 客商
  • price 价格
  • according 按照
  • sector 
  • decision 决定
  • market 市场
  • variable 变量