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Stock and Costs Development and Research between Relationships Exchange Stock Tehran Companies Listed of Returns Abstract
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Abstract: (12921 Views) |
| This study investigates the relationship between research and development costs and stock return. To test the research hypotheses Fama and Macbeth (1973) and Fama and French (1993) models are used. The sample of 27 manufacturing companies listed in Tehran Stock Exchange for a time period of 2003 to 2011 is selected. Statistical multiple regression model is used for data analysis. Results indicate that between research and development costs and stock return a significant relationship does not exist. Moreover between research and development costs and risk premium in risk covering portfolio a significant relationship is not found |
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| Keywords: Research and development costs, Stock return, Risk coverage portfolio, Firm size. |
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Type of Study: Research |
Subject:
Special
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