Title : ( Relationship between Financial Ratios and Stock Prices for the Food Industry Firms in Stock Exchange of Iran )
Authors: Mohammad Reza Kohansal , amir dadrasmoghadam , komeil mahjori karmozdi , abolfazl mohseni ,Abstract
Food stocks in the stock market is one of the serious debate in the industry is considered. The main subject of the relationship between financial ratios and stock prices of companies listed on the Stock Exchange of food. The data from the years 1992 to 2010 were used to stock the food of choice for companies. Financial variables including liquidity ratios (current ratio), the ratio of activity (asset turnover), the profitability (rate of return on assets and return on equity) and financial leverage (debt) and equity prices food stock. Some results indicate that there is a positive and significant response in food prices due to shocks of the current ratio, return on assets and return on equity rate. The results of this analysis also show that in the first period of greatest change in the current ratio is explained by this variable. But this share has been declining gradually. Variance of decomposition of the asset turnover ratio fluctuations in their asset turnover ratio on the performance. Analysis of financial leverage financial leverage on the shock of their impact is an important variable. As was shown, during this period of the shock on their first reaction is positive and significant but fluctuating after that.
Keywords
, financial ratios, stock prices of food industry, Impulse response, Variance decomposition@article{paperid:1038651,
author = {Kohansal, Mohammad Reza and Dadrasmoghadam, Amir and Mahjori Karmozdi, Komeil and Mohseni, Abolfazl},
title = {Relationship between Financial Ratios and Stock Prices for the Food Industry Firms in Stock Exchange of Iran},
journal = {World Applied Programming},
year = {2013},
volume = {3},
number = {10},
month = {August},
issn = {2222-2510},
pages = {512--521},
numpages = {9},
keywords = {financial ratios; stock prices of food industry; Impulse response; Variance decomposition},
}
%0 Journal Article
%T Relationship between Financial Ratios and Stock Prices for the Food Industry Firms in Stock Exchange of Iran
%A Kohansal, Mohammad Reza
%A Dadrasmoghadam, Amir
%A Mahjori Karmozdi, Komeil
%A Mohseni, Abolfazl
%J World Applied Programming
%@ 2222-2510
%D 2013