文章基本信息

标题：Investigating banks’ financial structure on profitability and price volatility of banks’ shares: Evidence from Tehran Stock Exchange
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作者：Zeinab Mirzaei Mohsen Hamidian ; Mohammad Khodaei Valahzaghard
期刊名称：Management Science Letters
印刷版ISSN：1923-9335
电子版ISSN：1923-9343
出版年度：2014
卷号：4
期号：10
页码：2221-2228
DOI：10.5267/j.msl.2014.9.014
出版社：Growing Science
摘要：This paper presents an empirical investigation to study the relationship between financial structure on profitability and price volatility of banks’ shares, which are operating in Iran. The proposed study considers the information of 21 Iranian banks over the period 2006-2012. Using some regression techniques, the study has determined that there was a negative relationship between leverage and return on assets but there was not any meaningful relationship between leverage and price volatility when the level of significance is five percent. In addition, the study has determined that there was a positive relationship between equity ratio and return on assets and there was a positive relationship between equity ratio and price volatility when the level of significance was five percent.
关键词：Debt ratio; Profitability; Stock price volatility; Shareholders' equity ratio