The Effects of Price Limit Change on the Trade Volume Shares and Return for Companies Listed in Tehran Stock Exchange (TSE)

The Effects of Price Limit Change on the Trade Volume Shares and Return for Companies Listed in Tehran Stock Exchange (TSE)

In this study the effect of “changing the amount of price limit” on “stock returns” and “volume shares” in listed companies of Tehran Stock Exchange has been studied. The purpose of this study is to survey the information contents of “changing the amount of price limits” and its effect on the “stock...

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Publicado: Shahid Bahonar University of Kerman 2013
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keywords: price limit
volume shares
intrinsic value
return on net worth
efficient market
Accounting. Bookkeeping
HF5601-5689
Acceso en línea:https://doaj.org/article/3ed6e3e24a244a8db1a75790b84efc3e
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spelling oai:doaj.org-article:3ed6e3e24a244a8db1a75790b84efc3e2021-11-04T19:44:15ZThe Effects of Price Limit Change on the Trade Volume Shares and Return for Companies Listed in Tehran Stock Exchange (TSE)2008-89142476-292X10.22103/jak.2013.523https://doaj.org/article/3ed6e3e24a244a8db1a75790b84efc3e2013-05-01T00:00:00Zhttps://jak.uk.ac.ir/article_523_33e5e59e9743926ddfef7d0fd2f000cd.pdfhttps://doaj.org/toc/2008-8914https://doaj.org/toc/2476-292XIn this study the effect of “changing the amount of price limit” on “stock returns” and “volume shares” in listed companies of Tehran Stock Exchange has been studied. The purpose of this study is to survey the information contents of “changing the amount of price limits” and its effect on the “stock returns” and “volume shares “. So 257 companies were studied for a period of 7 years from 1382/01/01 till 1389/01/01; and the researches data include 397 firm-sections for 257 companies from 1384 till 1388 at 3 section of changing price limit. This data involve averages of trade volume and stock returns for 2 months before and 2 months after the changing in the amount of price limit date. In this research, the Paired-Samples T Test method has been used to test hypotheses of research. The results show that 3% decrease in price limit at 1384/08/21 has increase stock returns and volume shares. And 3 and 0.5% increase in price limit at 1384/09/12 and 1388/08/16 have stock returns to decrease, but have not been any effect on volume shares.Shahid Bahonar University of Kermanarticlekeywords: price limitvolume sharesintrinsic valuereturn on net worthefficient marketAccounting. BookkeepingHF5601-5689FAمجله دانش حسابداری, Vol 4, Iss 12, Pp 155-174 (2013)
institution DOAJ
collection DOAJ
language FA
topic keywords: price limit
volume shares
intrinsic value
return on net worth
efficient market
Accounting. Bookkeeping
HF5601-5689
spellingShingle keywords: price limit
volume shares
intrinsic value
return on net worth
efficient market
Accounting. Bookkeeping
HF5601-5689
The Effects of Price Limit Change on the Trade Volume Shares and Return for Companies Listed in Tehran Stock Exchange (TSE)
description In this study the effect of “changing the amount of price limit” on “stock returns” and “volume shares” in listed companies of Tehran Stock Exchange has been studied. The purpose of this study is to survey the information contents of “changing the amount of price limits” and its effect on the “stock returns” and “volume shares “. So 257 companies were studied for a period of 7 years from 1382/01/01 till 1389/01/01; and the researches data include 397 firm-sections for 257 companies from 1384 till 1388 at 3 section of changing price limit. This data involve averages of trade volume and stock returns for 2 months before and 2 months after the changing in the amount of price limit date. In this research, the Paired-Samples T Test method has been used to test hypotheses of research. The results show that 3% decrease in price limit at 1384/08/21 has increase stock returns and volume shares. And 3 and 0.5% increase in price limit at 1384/09/12 and 1388/08/16 have stock returns to decrease, but have not been any effect on volume shares.
format article
title The Effects of Price Limit Change on the Trade Volume Shares and Return for Companies Listed in Tehran Stock Exchange (TSE)
title_short The Effects of Price Limit Change on the Trade Volume Shares and Return for Companies Listed in Tehran Stock Exchange (TSE)
title_full The Effects of Price Limit Change on the Trade Volume Shares and Return for Companies Listed in Tehran Stock Exchange (TSE)
title_fullStr The Effects of Price Limit Change on the Trade Volume Shares and Return for Companies Listed in Tehran Stock Exchange (TSE)
title_full_unstemmed The Effects of Price Limit Change on the Trade Volume Shares and Return for Companies Listed in Tehran Stock Exchange (TSE)
title_sort effects of price limit change on the trade volume shares and return for companies listed in tehran stock exchange (tse)
publisher Shahid Bahonar University of Kerman
publishDate 2013
url https://doaj.org/article/3ed6e3e24a244a8db1a75790b84efc3e
_version_ 1718444643927982080

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